Sep
4
A Modern Way of Living
Filed Under denver, real estate | Leave a Comment
Sunday’s Denver Post had a great article on modern homes in the Virgina Village section of Denver.
These homes are replicas of Joseph Eichler’s designs. Bio according to Wikipedia:
Joseph Eichler (1900 - 1974) was a California-based, post-war residential real estate developer known for building homes in the Modernist style. Between 1950 and 1974, his company, Eichler Homes, built over 11,000 homes in Northern California and three communities in Southern California,along with 3 homes in Chestnut Ridge NY. which came to be known as Eichlers and changed the California lifestyle. The San Francisco Bay Area Eichlers are mostly in San Francisco, Sacramento, Marin County, the East Bay, San Mateo County, Palo Alto, Sunnyvale and San Jose. During this period Eichler became one of the nation’s most influential builders of modern homes. The Southern California Eichler communities are in Orange, Thousand Oaks, and Granada Hills.
A typical Eichler home (from their site www.eichlernetwork.com)
I drive by this neighborhood on a regular basis on the way to my office so I know the area quite well. These homes will never be confused with the Frank Lloyd Wright homes in Oak Park, but is quite impressive to see modern homes in a sea of bland and boring homes.
Eichler Homes: Design for Living
Aug
14
Weekend Highlights
Filed Under denver, mortgage, real estate | Leave a Comment
Al Lewis of the Denver Post discusses the glut of condos in Colorado:
“Colorado’s inventory of unsold condos is at an all-time high,” said Gary Bauer, an independent real-estate analyst in Denver. According to Bauer’s analysis:
* Condo sales have slipped 1 percent year-to-date, compared with a year ago.
* The average price of sold condos year-to-date is down 1.5 percent to $185,000, compared with a year ago.
* Condo owners are increasingly renting their pads instead of selling them in a depreciating market.
Great article in Sunday’s Denver Post entitled Man’s dream house wasn’t dream project. The home was based on Frank Lloyd Wright design principles and carries a $1.4 million price tag. Includes a do’s and don’ts of home building.
DON’T
Be your own contractor. “People often think they can save 15 percent on a house by being their own contractor,” said Formissano. “What they don’t understand is the time and frustration involved. Besides, subcontractors rarely give their best bids to homeowner/contractors.”
Make a decision based on price-per-square-foot costs. “It’s an inaccurate way to decide what you can afford,” said Formissano, “because it doesn’t factor in all the project costs, like landscaping, driveway, septic system, etc.”
Get caught in the trap of multiple “small” upgrades. People tend to drive the budget up with “a little change here, a little change there,” because they rationalize that this is their one shot at building a dream house. “Most budgets are broken by $100 changes,” said Formissano, “not $1,000 changes.”
Pick a floor plan that has lots of angles or a complicated roof design. You can have an interesting house by aligning spaces on an axis, but as LeChevalier learned, the more complex the design, the higher the costs. And ultimately, construction complexity doesn’t add to resale value.
DO
Carefully select a builder. You want someone who listens to you and explains things to your satisfaction. Ask for references and check them out.
Make sure you have 5 percent to 10 percent of the project costs set aside for contingencies or extras. “If you’re building a $500,000 house, make sure you have $25,000-$50,000 set aside for an upgrade you really want or a problem that hikes the cost up,” said Formissano.
Make sure the floor plan works for you. Is the kitchen so far from the garage that carrying groceries will be like a marathon? Is the only way to access your closet through the steamy master bath?
Make decisions in a timely manner. As the house gets closer to completion, homeowners are asked to make more decisions in a shorter amount of time. Since time is money, dragging out a choice - for fear that a better one will appear tomorrow - will drive the budget skyward.