Is Condo/townhome Living Right For You? Factors You Should Consider.

Living in a condo or townhome community with a high concentration of households on a small piece of land can present a unique set of factors. It’s important to be aware of these and consider them before making a decision to live in this type of community.

One of the main factors to consider is privacy. When homes are built close together, and with shared walls this can compromise privacy, as sound can easily travel between neighboring households. Additionally, if it’s a new development there is likely no mature trees or privacy landscaping, further reducing privacy between properties. Older condo or townhome developments often have mature landscaping, which contributes to increased privacy and noise control. 

Another factor is noise. With shared walls and shared outdoor spaces, noise can easily transfer from one home to another. Typical wood frame construction, commonly used in these communities, tends to amplify noise, making it even more of a potential concern.

Odors can also be an issue in close-knit communities. Each household has its own unique habits and preferences, which can lead to different types of odors, such as cooking smells, pet waste, smoke and more. If there are no rules or regulations in place to address these issues, or if the ventilation or construction methods are subpar, odors can easily transfer between units.

To mitigate these issues, it’s crucial to ensure that the community has clear Covenants, Conditions, and Restrictions (CC&Rs) or Rules and Regulations that all residents must adhere to. While rules may not be everyone’s favorite thing, they are essential in ensuring that neighbors are considerate and respectful of one another in these close proximity living situations.

Equally important is an active Homeowners Association (HOA) that enforces these rules. Without proper enforcement, rules become meaningless. An HOA provides a valuable resource for addressing any concerns or issues that may arise, sparing you from potentially uncomfortable confrontations with neighbors.

When considering a community, it’s also worth looking into the history and effectiveness of the HOA. The track record of the HOA in maintaining the community and enforcing the CC&Rs can give you a sense of their commitment to preserving the value and enjoyment of the property for all residents.

Mediterranean Villas: In comparison to other condos or townhomes, Mediterranean Villas stands out for its superior construction. These townhomes are built with Insulated Concrete Form (ICF) construction, which means the exterior walls and walls between homes are made of concrete instead of typical wood framing. This construction method significantly reduces noise transfer, odor transfer, and enhances energy efficiency. As a result, lower power bills can be expected compared to a typical wood-framed home.

Mediterranean Villas was established in 2001 and consists of 224 townhomes.  It has a reputation for being an all around great investment, and has always been a sought after subdivision. This too sets it apart from new construction offerings.

While older townhouses may have outdated finishes and systems, these can be easily replaced when necessary. The absence of CC&Rs, an inactive HOA, or a lack of a track record in a community are factors beyond your control. It’s important to consider these aspects and choose a community that aligns with your preferences both now and with the future in mind.

Tri-Cities Real Estate Market Update, October

The September and October Tri-Cities real estate market information is hot off the presses! This has been another two months of modest growth over the previous year.

The below chart shows the data comparing September of 2012 and September of 2013.

sepmarketcomp01

The October data is also newly-available:

octmarketcomp01

According to the National Association of REALTORS®, the Kennewick-Richland-Pasco metro area is seeing a upward trend in new home construction with 1,661 current building permits through June 2013. This is 36.7% above the long-term average of 1,215 permits.

Did you know that the Tri-Cities is only behind Seattle and Portland for the number of building permits in Washington and Oregon? In August, 2013, Seattle issued 6300 permits, Portland issued 3970 permits and Kennewick-Richland-Pasco issued 1000 permits. New construction is strong in our area.

If you are interested in hearing more about our market, please give us a call: Jessica at (509) 947-2230 or Jennifer at (509) 947-5670.

Sources

Rediscover Mediterranean Villas – October 19th

graphicJoin us on October 19th between 1:00 to 5:00 pm for a first ever public viewing as we showcase two new luxurious home plans at the beautiful Mediterranean Villas. These gorgeous homes feature double master bedrooms and private guest suites, each presented with the careful attention to quality and detail that builder Devoted Builders has become known for.

Bring a friend who is ready to move! Refer a friend who buys and we’ll reward both of you with a weekend getaway package! Five beautifully customized, move-in ready homes are now available.

Exclusively presented by your Referred Real Estate agents Jennifer Cowgill, (509) 947-5670, and Jessica Johnson, (509) 947-2230.

Call for directions or simply attend with us on October 19th at 6013 Vincenzo Drive, Pasco, WA 99301.

Should I Build a Custom Home?

If you are thinking of buying a home, the thought of purchasing either something new from a production builder or having a builder custom-build a home just for you may have crossed your mind. This can be a very exciting – and possibly scary – time! Usually buyers have a lot of questions about the process which can vary depending on if you are simply buying a home from a builder in a development or if you prefer to have a builder start from scratch on the land of your choice.

In the Tri-Cities, there are currently over 300 homes listed for sale which indicate they were built in either 2012 or 2013. Many of these homes are already finished, but there are several which are available in various stages of completion with some customization still available. Alternatively, there are over 250 pieces of land available to build a single-family home on ranging from property high on the hillsides of Richland to waterfront property along the rivers, to acres of agricultural land and even land bordering a golf course.

When we are working with a buyer who is thinking of building a custom home, we usually recommend they first think about where they want to live and HOW they want to live. For example, a buyer may be thinking of living in a golf course community because they like the access to recreation, yet they may need a three car garage and shop for their “hobbies” which may not be something that a standard lot in that type of development or homeowners association can allow. Furthermore, think about proximity to work, school, and extracurricular activities to determine an ideal radius to be within. This helps create a list of area “must haves” which is essential for beginning the search.

Then we look at new home developments within this to determine if anything that is already-built meets their needs. If the area is right, but the home or property just need a few tweaks in order to be move-in ready for the buyer, this type of new home may be a good fit.

However, if the buyer has specific wants and needs or there don’t seem to be any developments that are the right fit, then it is time to put on some boots and begin looking for the perfect piece of land. By this point, we should also have a list of home “must-haves” so we can find the right piece of land for your home. In the previous example, that buyer needed not only a garage, but also a shop. Depending on the needs of the buyer, we may also look for areas that allow homes to be above a certain height or allow a basketball court to be built in the backyard. Perhaps having some chickens is on the “must-have” list. Every buyer and list of needs is different.

Budget is also top of mind for us throughout the search and the “dreaming” process while we help our buyers find the right land fit and right builder fit. Helping find the right match and helping people live in an environment completely custom-suited to them is one of our favorite parts of our job!

If you have been wondering what it takes to buy a new home in a development, an almost-done home that requires customization, or a brand new home from scratch on your dream lot, give us a call! We are experts in helping our clients find – or build –  the right home for their needs. We are happy to consult with you to help determine the right direction. You can reach Jennifer at (509) 947-5670 or Jessica at (509) 947-2230.

Innovative Building Material – I.C.F. Construction

Through the years, man has relied on many types of materials to build shelters – brick, wood, mud, straw, and yes – even concrete.

But while one might picture a cold and unwelcoming institutional dwelling when thinking of concrete construction, it might surprise you to know that not only is concrete versatile and when combined with other materials, is very warm and inviting. It is also on the cutting-edge of energy efficiency, and is a building material that is perfect for the weather we have here in the Tri-Cities.

I.C.F. – Insulated Concrete Forms – are a great match for our climate extremes here in the Tri-Cities because, as its name says, they are very insulating. This helps homeowners use less energy to heat their homes during our cold winters. It might surprise you to know that they also do a better job of keeping a home cool in the summer because the thick wall regulates the temperature more evenly.

An additional bonus? Because the walls are more air-tight than their wood-built counterparts, the dust that plagues most stick-built homes (and becomes very bad in the wind here in the Tri-Cities), is significantly less in an I.C.F. home. In fact, a resident of Mediterranean Villas (an I.C.F. community in Pasco) reported having left for six months and returned to a virtually dust-free home!

So how does it work? Basically I.C.F. Construction is a series of lego-type foam blocks that stack on top of each other and lock into place, allowing concrete to be filled in the center. Then stucco or siding can be applied to the outside and drywall applied to the inside, just like a regular house. I.C.F. offer space to run not only plumbing but also electrical conduit.

Not only do homeowners of I.C.F. homes report they are much more comfortable (and outside noise-free!) than a stick-built home, the energy savings are very dramatic. David and Carol Myers who own an I.C.F. home in Mediterranean Villas reported that when they owned a comparable-size traditionally-built home, their energy bills would be up to $175 in the winter. However, since they moved to a Devoted Builders-built I.C.F. home, their highest winter energy bill was $66. Watch the video here: http://www.youtube.com/watch?v=TYfIHiQ5egw

You’ll probably be hearing a lot about I.C.F.s in the years to come.  If you’re considering a building project, you may want to consider insulated concrete form construction. For additional information and to learn more about this innovative, energy efficient way of building, please contact Jennifer Cowgill at (509) 947-5670 or Jessica Johnson at (509) 947-2230. You can also watch our videos here to learn more!