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Don’t Wait—Beat the Crowds and Buy This Winter from Realtor.com

by JoAnn Gadkowski Team

Don’t Wait—Beat the Crowds and Buy This Winter from Realtor.com

Read full article here

Now that the U.S. has regained its job-creation mojo, as the October employment report showed, the demand for housing is only going to grow.

After all, when people have jobs they can break off and form new households—ditching the roommates behind or finally moving out of Mom and Dad’s basement—and that’s what fundamentally drives home purchases.

Most of the households created over the past two years have been renting households, but based on U.S. Census data for the third quarter of this year, it appears that homeownership has started to recover.

This especially makes sense now that it is cheaper to own than rent in more than three-quarters of the counties in the U.S. And it’s not getting better— rents are rising year over year at twice the pace of listing prices. Meanwhile, mortgage rates remain at near record lows but appear poised to increase over the next year. And home prices are rising, too.

So if you qualify for a mortgage and have the funds for a down payment and closing costs—and if you intend to live in a home long enough to cover the transaction costs of buying and selling—you will be better off financially if you buy as soon as you can. After all, if you are tired of your current home now, you won’t feel better about it in six months.

The top factors driving home shoppers this summer were pent-up demand and recognition of favorable mortgage rates and home prices. These drivers will likely remain well into next year.

Yet demand for housing is extremely seasonal. In most markets in the country, we are conditioned to believe that we should buy homes in the spring and summer. So come each October, plans to purchase shift to the spring. While the school calendar and weather do influence the ideal time to move, many buyers would benefit from buying this fall and winter rather than waiting until next spring.

In October, the percentage of would-be buyers on realtor.com® saying that they intend to buy in seven to 12 months was the highest it has been all year and represented the largest time frame for purchase. Likewise, October produced the lowest percentage of would-be buyers saying they intend to buy in the next three months.

In other words, people’s stated plans point to a very strong spring for home sales. Great, right? But here’s the problem: Inventory isn’t likely to be higher in March and April than it is now. And while inventory should grow in late spring and into summer, it won’t grow as fast as the seasonal demand.

So, if you are ready, consider getting in the market now instead of early spring. You will have more choices and less competition, and you can lock in today’s rates rather than risk rates being 25 to 50 basis points higher. (A basis point is 0.01 percentage point.)

A 50 basis-point increase in rates (for example, from 4.05% to 4.55%) would cause monthly payments to be 6% higher. And that increase would not only affect your monthly cash flow but could also affect your ability to qualify.

So if you are considering buying a home this spring, it’s worth exploring the inventory now and reaching out to a local Realtor®. A new home could be the best gift you give yourself and your family this holiday season.

The Best of the Springs 2016- Vote Berkshire Hathaway!

by JoAnn Gadkowski Team

Thank you to everyone who took a moment to nominate Berkshire Hathaway Rocky Mountain REALTORS® for the Gazette's Best of the Springs. We got the nomination in 3 categories! 

 

*Final voting is now open!* 


If you have a couple extra minutes, we'd appreciate your final vote. Then tell your friends.

Vote here

 

or visit: http://www.thebestofthesprings.com/voting-city-life/

 

Merry Christmas from the JoAnn Gadkowski Team

by JoAnn Gadkowski Team

May your day be merry and bright!

From the JoAnn Gadkowski Team

Happy Thanksgiving from the JoAnn Gadkowski Team

by JoAnn Gadkowski Team

Happy Thanksgiving from the JoAnn Gadkowski Team

Please know how grateful we are for you!

An Eighteenth-Century London Building is Reborn as a Modern-Day Home

by JoAnn Gadkowski Team

The London Phoenix
An Eighteenth-Century London Building is Reborn as a Modern-Day Home

WRITTEN BY CAROLYN M. RUNYON  PHOTOGRAPHY BY ALEX JAMES For home by design magazine (read full article here)​

This London house, built in 1725, was vacant, uninhabitable, and had a caved-in roof when Chris and Sarah Dyson purchased it in 1997. And they spent the next eighteen years restoring it. The home was at one time a physician’s house in a neighborhood occupied by Huguenot silk weavers. In the 1940s, it was completely refurbished after an intense vibration from a nearby World War II bomb devastated parts of it. Walls were removed and large steel supports were installed in the center of the space to help maintain the integrity of the building. It was turned into a workspace, as were many of the buildings in London in the 1940s, as most people chose to live outside of town in those unsettled times.

The Dysons’ goal in the restoration was to concentrate on the 2,300-square-foot building’s history and place in historic Spitalfields, a unique quarter of Georgian London. “The area now has a very domestic feel, although in an urban way,” explains Chris Dyson, homeowner and founder of Chris Dyson Architects, also located in Spitalfields. “Many residents live and work in their homes, which gives a rich and interesting vibe to the place. It harks back to the days when the Huguenot weavers worked from their homes,” says Chris. “But today the talented homeowners include artists, designers, photographers, and those in tech creative industries.”

 The roof of the house was in serious need of repair, according to Chris. “We replaced it with a new mansard roof construction using lead. This new roof will last for one hundred years or more,” he says. The mansard area is now the location of a generous 450-square-foot master bedroom suite. “The facade of the house has been returned to a 1700s design, with timber sashed windows and decorative brickwork between the reveals,” he adds. “I fashioned the new windows based on my immediate neighbor’s house. They perform to modern acoustic and thermal standards while respecting the context by looking correct.” 

The second floor has two smaller bedrooms, a full bath, and a half bath. The first floor has a lovely paneled drawing room, a half bath, and a study with a balcony that overlooks the garden. The ground floor contains a reception room and music room alongside a large hallway. “The building was quite bald and raw of any details when we bought it. Formal paneling was restored to the ground and first-floor reception rooms, giving them a warmer feel. We wanted to return character, scale, and proportion to this family home,” explains Chris. “A number of found and reclaimed items have been incorporated into the interior and exterior to provide the authentic detailing of the period.” He continues, “I am a natural magpie when it comes to collecting things. So I searched things like the niche, the Corinthian columns, and fireplace surround, but only bought them if they were the correct period details for a house of this era.” Chris adds that serendipity has a lot to do with the process of finding the right element. And warns that, often, if you look too hard, you just don’t find what you need.

The niche to the left of the reception room fireplace was found at a salvage yard in Oxfordshire. “I repeated the design on the right with the help of a very skilled craftsman whom I know well and use in a lot of my bespoke projects,” says Chris. “The fireplace surround is made of timber and Carrara. The inset is green moorland slate. Both the first and ground floor fireplaces are working fireplaces.”

 The primary aim of this project was to flood the lower rooms of the house with daylight. Chris wanted to create a connection between the outside garden and the rooms within. “By removing prior additions made to the rear of the house, we were able to bring lots of natural light into the lower ground floor where the kitchen and dining area are,” he notes. “It is a basement in reality, but it doesn’t feel like that at all. At the ground and first level, we were able to eliminate some walls because of the structural supports installed in the 1940s renovation. This opened the area up and helped to make it brighter.”
 The rear of the house has painted timber feather-edged board that covers a previously cement-rendered brick exterior. All the flooring, except on the ground floor, is made of reclaimed old timber pine boards. “The ground floor has new oak,” says Chris. “I prefer a dry waxed or oiled finish with no sheen or obvious sealants.”

Chris admits that keeping within his budget was the greatest challenge in the renovation and contributed to the length of time necessary for the restoration. But, he says that renovating historic homes is in his blood. “My next challenge is across the road where I am now digging out the basement of my architectural studio. I hope to create a light-filled and airy studio extension with a glass bridge linking the house to it,” he says. It appears that, in the manner of Britain’s famous Sir John Soane, Chris will simply continue renovating the neighborhood . . . one building at a time.

Berkshire Hathaway HomeServices National Award Winning Commercial

by JoAnn Gadkowski Team

Berkshire Hathaway HomeServices National Award Winning Commercial

Carriage House Collaboration: A Team Approach Transforms a Derelict Building into a Home and an Urban Supper Club
by Ronda Swaney Photos by Bennett Frank McCarthy Arcitects, INC.
(Note: This magazine is fabulous and is our gift to you when you buy a home with us!)

See full article and pictures here

Blagden Alley is a historic district in downtown Washington DC. Structures there date from the mid- to late nineteenth century. The original community mixed the affluent and the working class in close quarters. Alley dwellings often included stables, carriage houses, and other working-class hangouts. With time, the alleys became overcrowded and unsanitary. The conditions in this alley, among others, led Eleanor Roosevelt to champion the cause of the city’s poor in the early twentieth century.  

Fast-forward to today. Once, two row houses fronted this downtown DC property, and the carriage house stood at the back of the lot next to the alley. The row houses were lost to time, but the carriage house remains. The Huntress Coal Oil sign painted on the exterior is an homage to Samuel Huntress, a traveling coal oil salesman believed to have built the structure in 1900.
 When Anna and Dan Kahoe purchased the property, a new vision for the future of the carriage house formed. The couple worked with Shawn Buehler, an architect with Bennett Frank McCarthy Architects, Inc. “Initially, there was an industrial shop on the first floor and an apartment on the second floor. The two weren’t connected; they didn’t speak to each other at all,” explains Buehler.

The Kahoes wanted a complete renovation. Given the state of the dwelling, however, renovation estimates soon escalated. Buehler worked with the couple to come up with creative solutions. Rather than a standard client-architect relationship, the group approached the project with the mindset of general contractors. “I helped them find subcontractors and, in some cases, the owners and I were doing the work ourselves. It was a collaborative effort,” says Buehler.
 The Kahoes own the DC store GoodWood, which they describe as a mercantile and dry goods store. They hunt for and collect antique furniture and other unique finds to stock their shop. This helped Buehler as he worked on the renovation. “Throughout the process I would say, ‘We need a door to conceal the electrical panels’ and Dan would go find some old vintage doors.” 
 A main objective for the owners was to host a supper club on the first floor. So they set aside the entire level for entertaining. “Anna has a real design sense,” says Buehler. “She’ll describe her vision in colorful terms. Anna wanted you to eat in the room where the food was prepared. She wanted you to see the plates piling up around you. ‘Like bones after a hunt’ is how she described it.” 
 By design, guests enter from the alley through a large sliding door underneath the Huntress sign. When weather allows, the door stays open. A gracious fourteen-seat dining table greets diners. The long table aligns to the kitchen island, connecting the diner to the kitchen activities. One purpose of the club is for diners to interact with the chefs as the meals are prepared. The open kitchen allows guests to see meal prep in action and speak to the chefs as they work. But to keep the space uncluttered, all kitchen appliances are below counter, including a freezer and refrigerator. Open shelves sit above the counters and showcase well-ordered storage.

 The ground floor makes the most of the original architecture. The brick is original, as is the concrete floor. Instead of using stain or polish, they simply sealed the concrete. The original ceiling beams and joists remain visible. “I don’t mind exposing the infrastructure when the infrastructure is composed. If it’s not, it becomes a visual mess,” says Buehler. But the visual of the space is far from messy. The repetitive lines of the joists, beams, and even brick seem to bring order to the eclectically designed space. Your eye is drawn to the ceiling and the unusual color—a pink paint chosen by Anna—adds warmth.
 The second floor is much different from the first; it is a private space with a sleeping and living area, table space, and bath. It feels like a studio loft. The chevron pattern on the floor was another project completed by Dan and Buehler. “We were trying to figure out how to dress the floor, so we decided to paint it. It took us six hours to get the pattern taped to the floor. Once it was painted, that became one of the most distinctive elements.”
 The two floors are connected by a deck and patio. A steel roof tops the upper deck. Steel support beams and railing reflect the industrial history of the home.
The carriage house renovation provides a compelling centerpiece to Buehler’s portfolio. Prospective clients rave about the project, even while acknowledging that the unique space could not work for them. But that’s not really the point. “Our best work is where the clients have a vision that they bring to the table,” says Buehler. “Then we do everything we can to help them execute that vision.” 

Nominations for Best of The Springs 2016- Please Nominate Us!

by JoAnn Gadkowski Team

Hello!

We would truly appreciate your nomination as Best Realtor for the 2016 Best Of The Springs (The Gazette)!

Click the picture below OR go to thebestofthesprings.com/nominations-city-life/ OR click here! Thank you!


About The Peak Producers in Colorado Springs- Pikes Peaks Top Real Estate Agents

by JoAnn Gadkowski Team

JoAnn Gadkowski is a proud member of Peak Producers. So what is a Peak Producer?

(From thepeakproducers.com, see full website here)


The Peak Producers are .... 

 

Top producing Real Estate professionals, collectively inspiring and enhancing the Pikes Peak Region by giving back to the community.

Origin of the Peak Producers
In 2009 Empire Title of Colorado Springs brought a group of top producing real estate agents together in an effort to benefit the industry and community.  Round table discussions were held with real estate agents and employing brokers to get a vision of what the group would become.  After several round table discussions, "Peak Producers" was formed.

The Peak Producers is made up of the top ten percent of all real estate agents in the Pikes Peak Region. Our group wanted to promote professionalism within the industry, but more importantly, to support and give back to the community as well as endorse local charities.  Factors which influenced these decisions included helping the homeless, cleaning up the tent cities, and filling short-falls where local government couldn’t. 

The charity chosen in our inaugural year of 2010 was "Keep Colorado Springs Beautiful", which is tied to the Marian House and other organizations that help the homeless.  Keep Colorado Beautiful was responsible for the cleaning and relocation of tent cities throughout Colorado Springs, in addition to cleaning up intersections, parks, and roads.  More than simply donating funds, the members of the Peak Producers contributed countless hours of their time and energy to improve the community, including hands-on volunteerism in physically cleaning roadway medians and shoulders.

In 2011, Peak Producers excitedly pledged its support to Catholic Charities and the Marian House by personally sponsoring two local families. We experienced such great success helping these families - one a single mother of two daughters, the other a couple with nine children - we proudly lent our energy and enthusiasm to Marian House and Catholic Charities over the next three years.  In our current year, the membership has decided to devote our efforts to assisting the non-profit organization Partners In Housing – and we are extremely excited about the possibilities that our support could bring.


Membership Criteria for The Peak Producers

Peak Producers is not just a name -- it represents the core values we strive to have in our members, our organization and our impact on the real estate community.  Simply put, we want to work with the best, in the best way possible, to achieve the best results.  The members who have joined Peak Producers have all met very specific professional and performance criteria:

Membership in the Pikes Peak Association of Realtors

Outstanding volume of listing/sales units  (Top 10 % minimum)

Strong motivation to support charitable activities that give back to the Pikes Peak community

A willingness and desire to share their networking skills, experience, and Real Estate knowledge to raise the level of professionalism within the Pikes Peak Association of Realtors.

Our New Facebook Page

by JoAnn Gadkowski Team

Like Us on our new JoAnn Gadkowski Team Facebook Page!

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JoAnn Gadkowski Team
Berkshire Hathaway HomeServices Rocky Mountain Realtors
660 Southpointe #200
Colorado Springs CO 80906
719-339-8909

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