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.

Home Buyers Strategies for a Sellers Market

FOR BUYERS: HOME BUYER STRATEGIES FOR A SELLER’S MARKET
Have you been searching properties online and are ready to take your house hunt to the next level? Consider these 5 strategies before getting into the market and be sure to hire a buyer’s agent to help you negotiate the challenges of being a buyer in a seller’s market. As an Accredited Buyer’s Representative (ABR®), we help our clients find all available properties and negotiate with listing agents to our clients’ best advantage. Please contact me at 509-947-2230, or Jennifer at 509-947-5670 with any questions you may have. It would be a pleasure to work with you!

http://enews.realtor.org/a/hBU$N-2B8f9S7B8-x5tAAC4qnZA/reba7

 

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.

Should I Buy a New Home?

There are many things to consider when buying a home – should you buy something that has been lived in before or should you splurge and buy something new? New homes are usually more expensive than their resale counterparts, but is it worth it?

Aside from the possibility of being able to customize your new home with the finishes (counters, back-splash, flooring, and sometimes floor plan) and colors you like, buying a new home can actually save you money each month.

According to the National Association of Homebuilders, a home is considered “new construction” if it was built within the last four years.  The NAHB recently cited the 2009 American Housing Survey in evaluating what homeowners spent on maintenance expenses per month. The survey found that 26% of all homeowners spent $100 or more per month on home maintenance expenses. But of the homeowners who owned a home classified as “new construction,” only 11% of owners paid this amount. What is a more startling figure? 73% of new homeowners spent less than $25 per month on maintenance.

So what about utilities? According to the survey, all homeowners spent about $.78 per square foot per year on electricity. This means for a 2000 square foot house, $1560 ($130/month) was spent on electricity. However, compare this with “new” homeowners who spent only $.65 per square foot per year ($1,300 per year or $108.33 per month for the same 2,000 square foot house).

A big difference was seen in homes with natural gas. Homeowners on average spent $.53 per square foot per year (for a total of $1,060 per year or $88.33 per month for a 2,000 square foot house) while owners of new homes paid $.38 per square foot per year ($760 per year or $63.33 per month).

And new homes that are ENERGY STAR® certified strive to be 30% more energy efficient than typical new homes. Using our example “new” 2,000 square foot home which could cost $1,300 per year in electricity, a comparable ENERGY STAR® certified home may cost $910 in electricity per year.

There are currently over 550 listings in the Tri-Cities which were built between 2009-2013 (classified as “new construction”). If you are in the market for a new home, an existing lovingly “used” home, or if you want to start completely from scratch and create something all yours, you owe it to yourself to learn your options and determine the best fit for you – and your budget. We can help! Please call Jessica at (509) 947-2230 or Jennifer at (509) 947-5670. We can show you all the costs and benefits of buying a used home versus buying a new home.