What’s happening in 2012?

Good news!  According to the National Association of Realtors, pending home sales continued to gain in November and reached the highest level in 19 months.   A good indication that although slow, the marketplace continues to improve!

The Pending Home Sales Index is an indicator based on contract signings and reported an increase of 7.3 percent to 100.1 in November from 93.3 in October. This is 5.9 percent above November 2010 when it was reported to be at 94.5, which shows a 10.4 percent monthly gain.

•  What this means to the market place: is that housing affordability conditions are at record highs and there is a pent-up demand from buyers who’ve been on the sidelines.
• What this means to home buyers:  If you are thinking of buying, prices are stabilizing and mortgage rates are at a historical low!
•  What it means to Sellers: In many of our local areas, there still is a full inventory of properties which means if you are thinking of selling, your property will be in competition with newer, fresher and easier to show properties.    If you are thinking of selling, call in your trusted contractor for ideas to make your property more competitive with others in the marketplace, more attractive to qualified buyers, and a “recoverable” improvement that helps add to the real value of your property.

For more information about property data in our Wisconsin area visit: http://bit.ly/sUshMR

For more information about northern Illinois, visit: http://bit.ly/uVEacv

Got a question about improving your property or building your dream home?  Contact us at Frank Guido Construction – FGC@genevaonline.com  or call: 262-767-1942

Wow…did you see that one? Now that’s a beautiful home!…these are just some of the comments you might hear from from a drive by looking at your home!

Curb appeal still ranks as the initial number one factor in the WOW factor for any home. Buyers may be initially seduced by the exterior of your property, but condition and location still are the most important factors.
Curb appeal has and will always play a strong role in a property’s resale value. Exterior improvements engage the eye because they imply multiple messages to anyone who is enjoying the view. Whether you are looking to sell, rent or just to impress your neighbors, curb appeal sends a message. The underlying message of curb appeal can be positive or negative, and clearly impact a potential buyer’s first impression and, consequently, a home’s resale value.
We’ve often heard that real estate is valued by price, condition and location, which still holds true, but in a different way. Today’s GenX and GenY buyers are more interested in the community and the lifestyle of that community, as well as whether or not the home will serve their needs. It’s important to note that this age group contributes to a significant percentage of the buying market, and survey’s indicated that they prefer to stay in a property for a longer period of time. That means that although curb appeal can snag their attention, the condition of a property will play a bigger part in the decision making process, along with the lifestyle of the community where the property is located. With a longer ownership span, these buyers want to know what it will cost to bring the level of condition up to par to make a buying decision and if the property will serve their longer term needs.
No one wants to make a mistake when investing money into a property. According to About.com, home improvement and remodeling constitute a $230 billion industry is because people are finding value in home improvement projects, or have lifestyle changes. Studies show that it may make better financial sense to remain in a property, rather than to go through the misery and costs of moving and finding another one.
That said, improvements won’t return your full investment dollars, or at least, not often and not right away. Reports indicate that you can typically expect between somewhere in the range of 80% to 90% return on your home improvement investment dollar within the first 12-24 months.
When you choose the right remodeling upgrades, depending on how long you remain in the property, you have a better than average chance to re-coop a good portion of your investment.
Smart considerations when planning your improvements should consider how long you plan on remaining in the property, how the improvements might impact the home’s appraised value and if they are appropriate for the location of the property.
Important factors include:
• Condition is always paramount, as most new buyers will resist having to do a full remodeling initiative, when there are so many newer houses on the market.
• Updated kitchens, bathrooms and flooring score high on the investment return list
The most expensive improvement is typically made to the kitchen – it’s pretty easy to spend $25,000 for a small remodeling project. Even so, many sellers come out ahead with this type of project, because kitchens are such a pivotal space in the living space of a home. (Source: www. 2010–11 Cost vs. Value Report)

• Sellers may also find some extra value in remodeling unused attic or basement space. These areas represent a good value to homeowners looking for additional room. These improvements can often be made without adding to the existing footprint of the home.
• The old standbys are always smart investments : updated appliances, updated HVAC systems, newer roofs and newer windows still reign as top smart investments

As a homebuilder and remodeling expert for over 30 years, the one trend that has become increasingly apparent is that today’s buyers are seeking more than the “right” property. Although curb appeal will always be the first step, today’s GenX/Y buyers are placing a higher premium on the lifestyle of the community where the house is located. Lifestyle considerations include proximity to shopping, transportation, cultural activities and ease of commuting by car. (Source: Realtor Magazine)
So before investing any dollars in remodeling, looking to build a new property or to update a future purchase, consult with a dependable contractor and homebuilder to get the best information for smart home investing.

For a FREE report on the top trends for 2011 in home buying: visit: www.FrankGuidoConstruction.com
For more information about Frank Guido Construction, and Frank Guido Luxury Homes, find us on Facebook, LinkedIn and TWITTER or www.FrankGuidoConstruction.com

Advantages of an Architect

From designing blueprints for the layout of your construction to visiting the actual site to determine sunlight angles, existing landscapes, and potential caveats for building, an architect’s involvement can serve as a much needed cohesion for the DIY-er, educating the homeowner in potentially unforeseen variables.

Through detailed interaction with a client, architects can help identify the needs and desires of the homeowner, mapping out a detailed plan that enables the construction process to be completed according to specification. An architect can also serve as an agent, offering specific recommendations for products, evaluating bids, and helping you to chose the best contractor for your individual plan. Architects are particularly valuable in ensuring that your plans meet industry specs and regulations.

Choosing An Architect

Recommendations from respected individuals are a great way to begin finding the right architect. Several consultations may be in order to determine whether or not that person is the right one for your project. Listed below are several factors when considering an architect:

• Style: is it similar to your own visions?
• Compatibility: does the architect have a clear and defined idea of what you are trying to accomplish?
• Budget and time expectations: are you able to reach an equitable understanding of cost and involvement?
• Solid background: did the architect provide you with references, photos, slideshows, and information about his or her firm?
• Communication: how available will your architect be to thoroughly discuss any issues that may arise?

Once a selection has been made, it is best to have everything drawn up in a contractual agreement. Your ideas, expectations, time frame, and budget should all be written down beforehand to ensure that all specifications are met as agreed upon. It is important to keep in mind that you get what you pay for when it comes to design and renovation, and hiring an architect is a solid investment into a greater satisfied outcome.

Everyday people have to make a decision about what to do about their real estate.  Can they sell? Will they get enough money for the value?  Can they get financing?

With a tougher market, many people have to make a decision that affects a long term commitment to where they are right now until their marketplace serves them better.  There are many considerations that help them make the decision to move or not to move; like the expense and aggravation of the actual move, the transfer of their many accounts, mail, deliveries, etc……MOVING even across town can be a real bummer!

That said, we’re finding many people are making peace with their present homes by considering some improvements that not only help them enjoy their property more, but improve the quality of some worn out items and in the end can add value to their property.

When people make the decision to renovate or remodel, or even build an addition, there are several factors to consider:

• How do I find a dependable and reputable contractor?
• What will my wants and needs cost to make this vision happen?
• What is the timeline for this project?
• Will this improve my property value or will it hamper a future sale?
• Are there any tax advantages to remodeling now?
• Should I budget for some hidden issues that might cost me more than my budget provides?

It’s important to ask the right questions when considering building and to find the right contractor to make things run smoothly and on time.

Here are a few suggestions:

1) Check out several contractors using a detailed interview process

2) Ask them to supply testimonials and a list of past clients.  Check out their reputation on the Better Business Bureau and on Google

3) Have a firm detailed budget prepared for yourself before you meet with your contractor. A good contractor may be able to help save you money.

4) Get specific on the timeline of the project

5) Be sure your contractor is licensed, especially EPA certified. This is especially important if you are planning to renovate or add to an older property

6) Get the contract in writing for the work that you are having completed, with specifics regarding permits, inspections, local zoning restrictions and requirements, etc.

7) Budget for a little more than you expected. Inevitably there will be some Murphy’s Law issue that will pop up that was not planned for

Call your local real estate professional to find out if your improvements will help or hinder a future sale.  As an example, putting in a hot pink marble bathroom may be fun for you, but not at all appealing to another buyer down the road and to avoid “over improving” a property that may not be recoverable should you decide to sell in just a few years

9) Check with your CPA to get the scoop on the energy tax savings for replacing outdated windows, heating and air conditioning and more.  You might find you have some tax savings to help you with your project.

10) Check out products that may be “environmentally friendly if you have a choice in materials.

It is always better to be prepared and confident in your project. For more information about what you need to know before building, renovating or remodeling, visit: www.RenovationResults.com or call: Frank Guido Construction and Custom Homes at 262-767-1942 and follow on Twitter/ RenovationTip and Facebook.

Old bathroom fixtures use too much water and when you invest in newer versions, you’ll save money and get a terrific return on your investment.  Think about adding crown molding to set a luxurious tone and you’ll enjoy your new look and so will your budget!

Oh…and the ultimate water value??? Living life large on Lake Geneva!

Our housing market has presented us with plenty of challenges over the recent past. Ultimately, that is okay, as it is in these times that we say goodbye those less committed .

With the weakening of new home construction, we have had a significant push toward home renovations and remodeling. As a result of the current market conditions, material prices are low and have been on the decline. In addition to material pricing, most service providers are aggressively competing for available jobs.

Price increases for labor have been held off in this current market and for those with upcoming projects. Savvy customers can make the most of these opportunities while also taking advantage of low lending rates.

This economy will not last forever. For those considering construction services, my advice is take advantage of these conditions, while these opportunities are in your favor.

Call to set up an appointment to discuss the next plans for your home.

As always, we do appreciate referrals to friends and neighbors.

“The IGCC emphasizes building performance, including features such as a requirement for building system performance verification and building owner education to ensure the best energy-efficient practices. A key feature of the new code is a section devoted to “jurisdictional electives” that will allow customization of the code beyond its baseline provisions to address local priorities and conditions” stated Peter Mosca, writer for Realty Times..

Collaborating groups to IGCCI to name a few are ICC (International Code Council), AIA (American Institute of Architects) and the ASTM (American Society for Testing of Materials)..

So, what is “Green Building”.

A “green” building is one that has been constructed or renovated to incorporate design techniques, technologies, and materials that lessen its dependence on fossil fuels and minimize its overall negative environmental impact. One of the greatest benefits of green buildings is their decreased electricity and energy usage, which helps reduce our dependence on fossil fuels.

Why is “Green Building” so important to our residential/commercial construction and renovation projects?.

According to the U.S. Green Building Council, buildings account for:

• 36% of total energy use and 65% of electricity consumption
• 30% of greenhouse gas emissions
• 30% of raw materials use
• 30% of waste output (136 million tons annually)
• 12% of potable water consumption

An increase in the adoption of green building practices could reduce this energy consumption significantly. In addition, occupants of green buildings enjoy healthier indoor environments and higher productivity levels..

Reference the Green Code For Construction at: http://www.iccsafe.org/cs/IGCC/Pages/default.aspx

Lake Geneva’s lakefront scene is as bustling as ever with boats and sun worshipers, but the retail scene no longer revolves solely around T-shirt shops and fudge. The past couple of years have seen an influx of sophisticated stores and restaurants—not surprising, perhaps, given that this long-established resort town just two hours northwest of Chicago is second home to some of our area’s highest-profile residents (some of whom weekend in historic mansions and others who have hired big-city architects to build them new, modern ones). If you haven’t been there lately, swing on by. You won’t be disappointed.

WHERE TO SHOP

Owned by the people behind the Highland Park jeans mecca E Street Denim (which also has a Lake Geneva location), 1) Brick & Mortar Home (832 Geneva St., ) is situated in a two-story brick house. Entered through an enclosed porch containing Adirondack chairs and potted flowers, it is designed to feel like a real abode. A modern-day parlor is appointed with a cozy sofa and side chairs; a dining room with table, chairs, and entertaining accouterments; a bedroom with a made-up bed, linens, quilts, and robes; and another room with towels, soaps, and other bath and body products. You’ll see jewelry and whimsical home accessories, as well as cotton rugs and fabrics for custom slipcovers—a little bit of everything. We spotted a fun starburst mirror with a frame made from rolled-up and glued-together magazine pages and a pillow made from scrunched-up vintage ties.

The Lake Geneva outpost of the Chicago gallery and workshop 2) Refined Rustic (231 Cook St., , refinedrustic.com) provides some refreshing industrial edge to the landscape of shops. Owned by artist and interior decorator Philip Sassano and his wife, Julie, it’s filled with funky lamps and hanging light fixtures artfully built from cleaned-up found objects (metal baskets, chicken wire, weather vanes), large-scale distressed-wood candle holders made from the legs of old country tables, three-dimensional wall collages involving cool old cameras and rusty tools (they can be custom-made to display a customer’s own collections), and vintage furniture, along with new pillows, candles, frames, and other gifty items.

If you like Tabula Tua in Lincoln Park, little 3) Abbellimento (728 W. Main St., , abbellimentolg.com) is sure to strike your fancy. Brimming with elegant dishes and other tabletop pieces by the Italian line Vietri, handblown glass by Simon Pearce (an Irish company based in Vermont), colorful table linens by Garnier-Thiebaut of France, and several other imported lines of home accessories, it has a chic European feel.

4) Lilypots (605 Main St. , lilypots.com) is a flower shop, plus. It’s filled with pretty blossoms and leafy plants. But there’s also a selection of pots—from simple terra cotta standbys to elaborately textured glazed numbers and white modern options in interesting forms—that will have you walking around the store saying, “I want this one, and this one. . . .” Prices are reasonable, and no pot is so precious that you would feel bad filling it with dirt and putting it on your patio.

5) Bella Tile & Stone (239 Cook St., , bellatileandstone.com) is a great place for reimagining a kitchen or bathroom. With standard granite countertops and ceramic tile options that start at $6 a square foot to all manner of fancy hand-painted and natural stone tiles, as well as tiles imported from Italy and Mexico, it’s a place for browsing.

A surprising stop for home-decor inspiration is 6) Haberdapper (253 Broad St., ). Surprising because it’s a men’s clothing shop; inspiring because it has a gorgeous, fully operational high-end kitchen right in the middle of it. There are also lovely built-in shelving and closet systems for displaying clothes that you just might want to re-create in your home—particularly if you love that Ralph Laurenish, old-boys’-club look. The owner/designers offer interior design services, and can hook you up with people to build similar cabinetry for you. Think of it as a place to buy not just ties and khaki pants but a whole lifestyle.

Country-style home decorating lives on at the 7) Cornerstone Shop & Gallery (214 Broad St., cornerstoneshop.com), a town staple. The sprawling 8,500-square-foot space has frequently changing vignettes of accent furniture and accessories—some nautically themed, some French country, some more rustic, and some more modern feeling. Here you can find table linens, dishes, pottery and artwork by regional artisans, baby clothes and toys, bath and beauty products, cards and stationery, scented candles, and more.

“A lot of these houses had air conditioner coils that needed replacement in the first six months or year,” said Mark Cramer, a home inspector in Indian Rocks Beach, Fla.

Since December 2008, the Consumer Product Safety Commission has received more than 3,000 consumer complaints about drywall, according to its website. The material corrodes homes’ metal components and some people have complained of health symptoms they believe are caused by the drywall. Many consumers with the problem are reporting that their homes were built in 2006 and 2007, the CPSC said on its site.

Remediation can cost thousands of dollars, Cramer said. In recent weeks, CPSC and U.S. Department of Housing and Urban Development released guidelines for homeowners dealing with remediation. The guidelines call for the removal and replacement of all possible problem drywall, fire safety alarm devices, electrical components and wiring, gas service piping and fire suppression sprinkler systems.

Homeowners “pretty much know they’re between a rock and a hard place if they have this stuff, and there’s not really anything they can do short of tearing it all out and throwing it away, which can be incredibly expensive,” Cramer said. While the cost will vary by the size of the house and the amount of problem drywall, some homeowners could be facing $50,000 or more to correct the problem, he said.

And it’s a problem that will need to be fixed: If a home contains problem drywall, it will be very difficult to sell or rent before it is removed and replaced, Cramer said.

Many of the homes with the defective material have been in Florida, Louisiana, Virginia, Mississippi and Alabama. Florida homeowners have been particularly hard-hit.

Claims have been filed by affected homeowners, and a court decision will eventually decide what, if any, compensation they should receive, said David Jaffe, vice president for construction liability at the National Association of Home Builders. In the meantime, HUD told cities, counties and states that Community Development Block Grant funds could be used to combat the problem. Some homeowners also might be eligible for mortgage relief as they deal with remediation.

What homeowners need to know:
Homeowners who think they might have problem drywall in their houses should know the following:

-Not all problem drywall is from China. While some of the drywall originated in China, some was manufactured in the U.S. Plus, some drywall from China is not corrosive.

-Homes often have a mix of drywall. Homes might contain drywall from different manufacturers. “You could have problem drywall on the first floor and not on the second floor,” said Cramer.

-Beware of scams. Identifying this problem isn’t difficult: Inspectors will look for signs of corrosion in electrical wiring, copper coils inside the air conditioner and any metal fittings in the house that may be tarnished. Be suspicious of anyone who wants to do much beyond that inspection. The Federal Trade Commission has also advised consumers to confirm a contractor’s references, qualifications and background before hiring him or her to test for or remove problem drywall.

-If you’re buying a home built between 2001 and 2008, check for problem drywall. Cramer advises people to hire an inspector who can perform a visual check for problems associated with the problem material.

-No long-term health effects have been confirmed yet. While some people have reported symptoms including respiratory irritation, watering eyes and scratchy throats when they’re in homes with the drywall, there is no evidence that there are long-term health effects related to the problem drywall. Testing is still ongoing as to whether the corrosion affects the durability of the wiring in the home.

(c) 2010, MarketWatch.com Inc.

Today was the opening day of our local Farmers Market. I got there fairly early and was delighted to see the early morning hustle and bustle of local entrepreneurs eager to profile their fresh veggies, breads, flowers, honey and other goodies.

Familiar faces were there walking through the booths with coffee in hand. There was energy around the movement as this real “community” lives.

During the winter months, the only way we were connected was by email or a simple blog. What was most interesting was the way we connected after communicating electronically since October of last year.

One of my favorite booths is owned and operated by an adorable Laotian family.  The little ladies there simply sparkle with joy as they arrange their fresh vegetables on display.  The most powerful connection is in using few words.  They know how to say “hello” and okay” with ease.  But if you really want to get a strong connection, try saying “thank you” in THEIR language.  It is the most joyful reaction I’ve ever seen!

As I walked toward their booth after months of not seeing them, I waived and they nodded… and then I said “thank you” back to them in their Laotian language…causing them to  begin waiving wildly and smile widely!  They were visibly delighted…all because of one little word…with a special “twist”…having it THEIR way.

How many ways can you say thank you today to your clients, customers, friends and family?

Tom Peters said “Never underestimate the power of the tiniest personal touch”, and as usual, he is so right.  The power of human connection continues to be the magic that bridges relationships and often is the key to successful entrepreneurships…no matter what you are selling!

Author: Terri Murphy
President of Terri Murphy Communications
CIO of US Learning
www.TerriMurphy.com

Bio: Terri Murphy is an author, speaker, e-communication consultant, and author of 5 books, including her latest with Donald Trump. She is the founder and Pres. of WomensWisdomNetwork.com and serves as CIO of U. S. Learning in Memphis and one of NAR’s GAME CHANGER 2010 Coaches. visit www.TerriMurphy.com or email: Terri@TerriMurphy.com