Monday, December 22, 2008

Turning the Tables on HOA Conflict

Turning the tables on HOA conflict

Why does there seem to be so much conflict within so many Homeowner Associations (HOA)? Aren't these supposed to be friendly gatherings of like-minded neighbors, all intent on making their community a better place to live?

Maybe, and maybe not. Sure, everyone active enough to work with an HOA is concerned about their neighborhood, but that doesn't mean that everyone has the same idea about what "better" looks like, or even how to achieve it.

Consider this: homeowners are dealing with what most likely is their single largest, and most valuable, investment. Add to that the personal investment of "sweat equity" many of us put into our homes to make them feel like an extension of ourselves. So when we have views that conflict with another person's idea of the perfect neighborhood, it's no surprise that tempers tend to flare.

Consider a few tips to help you become an effective diplomat in your HOA: Read More

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Monday, December 15, 2008

Family-Friendliest Cities in America

Family-friendliest cities in America

Every year, BusinessWeek magazine develops their list of the most family-friendly communities in the United States to live. The researchers for this list combine a number of factors, including low crime rates, affordability, job opportunities, school quality and other amenities like parks, museums and natural open space.

Given that this list is skewed toward families, there is added weight afforded to community safety and school performance, but every state has at least one town, city or burg on the list. So no matter where you are, you're only a stone's throw from one of the best places in America to raise a family. Read More.

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The Accidental Landlord

The accidental landlord

Sometimes we can't help but move because of job pressures, family issues or other unforeseen circumstances. But what about the house? If we're lucky enough to find a buyer in today's market, we'll be lucky to pay off what we owe, let alone get any of the equity we planned on, right?

The good news is that, although there are few itchy buyers nowadays, there are more renters than there have been in a long time. True, many former homeowners are fleeing to condos, apartments or townhomes, but for some, they can afford - and prefer or even need - more space and privacy; they just can't swing the down payment, or don't want to be tied down to one location until things turn around.

Why not rent your home? If you can bring in enough on rental revenue to cover your mortgage, you may be better off with a sale in a stronger market, plus you may enjoy some tax advantages to keeping the property in your name. Read More.

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A Glimpse of Tomorrow's Homes

A glimpse of tomorrow's homes

Like the rings of a tree, home construction can reflect much about the environment at the time the homes were built. So what should we expect to see in today's shaky economic times?
Peter Mosca from Realty Times notes that, though blueprints may shrink, there are some opportunities for creativity in newly constructed dwellings.

First off, average square footage will be dropping in many new homes. However, many builders are going this route in lieu of removing many coveted luxury items like custom cabinetry, fancy countertops and top-notch fixtures. When forced to make the choice, many buyers are recognizing that they actually value quality over quantity. Another side benefit is reduced utility costs for maintaining a comfortable temperature in less square footage.

For those who mourn the loss of a sense of community in many suburban areas, it may came as some relief to know that the front porch and other so-called outdoor living areas are coming back in style. Outdoor fireplaces, porch swings and other amenities not only expand usable space for less money, but they also help connect you to the rest of your neighborhood. Read More

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Making A House A Home

Making a house a home

Sometimes we work so hard that the last thing we want to do when we finally get home is clean house. Heck, it's all we can do to peel ourselves off the couch some nights and toss a dinner in the oven.

But what if the soft landing we call home is adding to the bumpy ride of our difficult day?
The prospect of cleaning the house from top to bottom when we're working full-time is daunting, but there are a few things we can do to make our home into the sanctuary it should be for us when we finally find time to unwind.

First, think about where you generally enter and exit your home. Whatever is in that immediate area is what you will see twice a day, so make sure it's pleasant. Though it's easy to plop down the mail as soon as you hit the door, who wants to have a stack of bills facing them every time they go in and out of the door? Replace those nagging papers with some family photos or something that says "home" to you. Read More

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Dealing with Foreclosures

Dealing with foreclosures

Despite the temporary respites some lenders are taking from following through on home foreclosures, the number of homes being foreclosed are still way up from previous years. The threat of losing a home is a highly emotional experience, so consider a few tips if you are concerned about the prospect of losing your property.

First of all, consider your options before contacting your lender. Though it may make sense to communicate with them directly, this often only leads to conflict, if not threats, unless you have a strong personal relationship with your lender. Consider instead contacting a loan mitigation specialist to help you negotiate and navigate during this difficult time.

Sometimes, the emotional response to foreclosure is actually avoidable, if only we approached our finances more rationally. Have we really done our due diligence to examine our expenses for any possible fat to trim? Have we explored all potential revenue streams for extra income? How important is it to us not to lose this property? Read More

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Tuesday, October 7, 2008

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What Makes for a Hot Housing Market?

What makes for a hot housing market?

With gloom and doom all over the business airwaves, it's hard to imagine there's anywhere left where there might be a strong housing economy. But the truth is that a number of places are booming, while everyone else is concerned about the sky falling. Where are these strong home sales, and why? Consider the following examples.

Midland, TX - With oil prices near historic highs, energy-rich towns like Midland are bursting at the seams. Workers in the oil and gas industry are actually bringing in trailers to live in because there's such a housing shortage.

Columbia Town Center, MD - Some downtown areas are seeing plenty of investment capital flow their way as city planners revitalize their inner city with new, multi-million dollar urban design master plans. One example of this kind hot commodity is a new $700 million urban center in Houston, and another in Columbia Town Center, Maryland, complete with condos, retail, transportation and entertainment, all in one easy-to-access area. Rather than the traditional suburban sprawl we've seen in many communities before, it seems the new trend is the high-density urban lifestyle.

Charlotte, NC - So why is the traditionally blue collar community of Charlotte weathering the economic storm so well? Part of their economic health is because of their slow-and-steady expansion during the boom times. Another reason for the strength in housing there is that the placement of several large business headquarters there has brought in a fresh infusion of financial and intellectual capital. Keep in mind, though, that many of these businesses are banks, which may not be the most promising industry for expansion in the immediate future.

Portland, OR - The tech-heavy Pacific Northwest has fared relatively well in the past couple of years, and Portland's strength can be attributed at least in part to the hi-tech manufacturing giant, Intel. Also, very strict land use regulations in the area have kept rampant development under control, maintaining a reasonable demand for property even as some of the buying fervor has died down.

Until next time,
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