Showing posts with label Housing. Show all posts
Showing posts with label Housing. Show all posts
TURN UP THE HEAT!
Thursday, July 7, 2011
TURN UP THE HEAT!!
I have seen some truly beautiful outdoor spaces lately. They are truly an extension of the home's living area!! AND, can't get enough of those outdoor fireplaces!!
Fire Pits
A fire pit is much like an elaborate version of the rock ring you made for a campfire as a kid. They can be permanent or portable. The cost for a stone or brick pit varies depending on design, but a portable metal dish on a stand can be found at stores such as Smith & Hawken and Summer Classics (www.smith-hawken.com or www.summerclassics.com) for as little as $100.
If you opt for a permanent pit, consider making it at least 24 inches in diameter, but 36 inches is better, giving you more room to build a good fire. As an inexpensive alternative to a custom-built pit, consider using a 24-inch-long section of large concrete pipe. Flip it up on end, and sink it partially in the ground. To find a concrete pipe supplier, visit www.concrete-pipe.org.
Fireplaces
An outdoor fireplace is just like one inside. You have a firebox, chimney, flue, and hearth. Because they are constructed just like an indoor fireplace, they often must meet local regulations. And, unlike portable fire pits and chimineas, you can build outdoor fireplaces into a wood deck. (Check with your local building official and fire department about any codes governing outdoor fireplaces, fire pits, or chimineas.
A full-blown outdoor fireplace is the most permanent and expensive option. They can cost from $5,000 for a prefabricated unit and surround to $10,000 or more for masonry. Because they are the most expensive option, these structures are often designed to complement the architecture of a new house or addition.
Until recently, the only option for an outdoor fireplace was masonry. But as popularity grew, companies such as Heat-N-Glo (www.heatnglo-lifestyle.com) started offering less costly prefabricated outdoor fireplaces. With durable stainless steel parts, they stand up to the elements. The structures are available as wood- or gas-burning. Prices for the firebox start at around $1,500, not including the surround, chimney, or any site work.
Chimineas
A chiminea is perhaps the original outdoor fireplace. Traditional versions are manufactured from clay, like a pot, and can be very fragile; newer types are made from metal or iron. Chimneas often come in two components: the base or bowl where the fire goes and the neck or chimney. Because they have a small chimney, smoke is directed upward and out of your face. Once a staple of quirky roadside pottery shops, chimineas can now be found at garden shops, home-improvement warehouses, or online at Web sites such as www.outdoorfireplaces.com. Basic chiminea models begin at around $130.
Before burning your first fire, insulate the bowl with 3 to 4 inches of sand or fine gravel. For clay chimineas, burn small fires the first five times you use it to keep it from cracking. If you live in a colder climate, store it in a garage or other protected place for the winter. Metal or iron chimineas can be left outside year-round, but one warning if you're opting for this style: Don't purchase a circular metal version with mesh sides and a solid top and bottom. Although the smoke escapes from the sides, the solid top and mesh sides get extremely hot.
Outdoor Fireplace Tips
Chase away the chill in the coming months with the addition of a fire pit, chiminea, or fireplace to your backyard. These options allow you to spend more time outdoors with your family as cooler weather arrives. But remember to be safe so you can enjoy them fully.
Place a portable fire pit away from the house, tree branches, fences, or anything else that might be flammable.
Never use a portable fire pit or chiminea on a wooden or covered deck.
Just like indoors, never burn chemically treated wood.
Metal fire pits and clay chimineas can produce a lot of heat, so don't try to move them for at least a day after the fire is out.
Never use gasoline or other flammable liquid to start a fire. Use kindling, newspaper, and dry logs instead.
Don't leave any type of fire unattended.
(Derick Belden - Southern Living Magazine)
(Photos courtesy of HGTV)
Have you seen any great outdoor spaces in your area lately?
Planning your own oasis?
Know anyone who is planning on a "moving" experience - please ask them to call Selling Homes by Design for a no-obligation consultation on home selling and buying!
Need a STAY-CATION ?
Friday, June 17, 2011
You'll NEVER want to leave THIS home!
Meticulously maintained and very tastefully updated! A+ location, too! Close to everything: Reston Town Center, Reston Station Metro Stop, Dulles Airport, Dulles Tech Corridor, Toll Road, Rte 7 - located just off Hunter Mill Road.
This grand home is situated on a FLAT 1.15 acre lot. NO HOA. Design your own pool or sport court!
The main level offers an open feel with private study and updated kitchen and butler's pantry. Both the breakfast nook and family room lead to the spacious deck.
The upper level has a cozy nook, 4 bedrooms and 3 full baths. The incredibly spacious walk-out finished lower level has room for a home theater AND pool table, a bedroom / den and full bath - perfect for guests and another bonus room for your home gym.
The side load garage offer lots of storage, too!
This home is 100% move-in ready and waiting for YOU!
Going to be in the area this weekend?
Taste of Reston is a GO!!! Make your way down to Reston Town Center starting at 3 pm this afternoon to partake in Northern Virginia’s largest food festival! Even kids will have a blast as they explore the fun activities, interactive games, and demonstrations at the Family Fun Zone! - located at the corner of Market and President’s Streets. The festival is both Friday and Saturday this weekend, with a bonus carnival day on Sunday. Prepare your palate, its Taste of Reston! www.restontaste.com
This home is priced at $999,999.
And is offered by Keller Williams Realty
Sharon Goetz, Realtor, Stager
Housing Market Update:
Tuesday, June 1, 2010
Housing market update: June 1, 2010
Courtesy of Hal Johnson at Embrace Home Loans
New Home Sales at 2-Year High:
The Commerce Department reported that sales of newly built homes rose much faster than expected in April, rising to their highest levels in nearly two years. Sales jumped 14.8 percent (month-over-month) to an annualized rate of 504,000 units in April. This is the highest rate since May of 2008.
The year-over-year increase was in excess of 22 percent. Certainly, the rush to sign a contract prior to the tax credit expiring has had an impact. But there is something else that it less temporary that is also having an impact. Consistently low 30 year fixed rates, an increase in consumer confidence, and a rise in non-farm payrolls are helping to fuel demand for housing. And unlike the tax credit, these items will not expire but continue to move upward.
The report also showed that inventories of new homes for sale fell a record seven percent to 211,000 units in April. That is the lowest level of inventories since October 1968! Lower inventories will eventually lead to further price stabilization.
Consumer Sentiment Rises:
The Thomson Reuters/University of Michigan's report showed that consumer sentiment rose again in May. The final May reading on the overall index was 73.6, up from April's reading of 72.2.
Consumer Spending drives 70 percent of our economy, so an increase in consumer sentiment readings could be good for economic growth in the near-term. Also, both consumer sentiment and consumer confidence are significant drivers for housing demand. Simply put, consumers are more likely to purchase a home if they feel more confident about their own financial outlook.
What Happened to Rates Last Week:
Mortgage backed securities (MBS) lost -69 basis points last week which caused 30 year fixed rates to increase for both government and conventional loans. The prior week, they were at their best levels of 2010. MBS pricing decreased (which causes mortgage rates to go up) due primarily to a rebound in the stock markets which pulled some money way from bonds. We also saw some strong economic data such as the Chicago PMI, Consumer Sentiment and Initial Jobless Claims. As the economy shows sign of expansion, it takes a toll on long bonds such as mortgage backed securities. However, mortgage rates remained at fantastic levels.
What to Watch Out For This Week:
The following are the major economic reports that will hit the market this week. They each have the ability to affect the pricing of Mortgage Backed Securities and therefore, interest rates for Government and Conventional mortgages. I will be watching these reports closely for you and let you know if there are any big surprises:
Date ET Release For
1-Jun 10:00 Construction Spending Apr
1-Jun 10:00 ISM Index May
2-Jun 10:00 Pending Home Sales Apr
2-Jun 10:30 Crude Inventories 29-May
2-Jun 14:00 Auto Sales May
2-Jun 14:00 Truck Sales May
3-Jun 8:15 ADP Employment Change May
3-Jun 8:30 Productivity-Rev. Q1
3-Jun 8:30 Unit Labor Costs Q1
3-Jun 8:30 Initial Claims 29-May
3-Jun 8:30 Continuing Claims 29-May
3-Jun 10:00 Factory Orders Apr
3-Jun 10:00 ISM Services May
4-Jun 8:30 Nonfarm Payrolls May
4-Jun 8:30 Unemployment Rate May
4-Jun 8:30 Hourly Earnings May
4-Jun 8:30 Average Workweek May
It is virtually impossible for you to keep track of what is going on with the economy and other events that can impact the housing and mortgage markets. Just leave it to me, I monitor the live trading of Mortgage Backed Securities which are the only thing government and conventional mortgage rates are based upon.
Courtesy of Hal Johnson at Embrace Home Loans
New Home Sales at 2-Year High:
The Commerce Department reported that sales of newly built homes rose much faster than expected in April, rising to their highest levels in nearly two years. Sales jumped 14.8 percent (month-over-month) to an annualized rate of 504,000 units in April. This is the highest rate since May of 2008.
The year-over-year increase was in excess of 22 percent. Certainly, the rush to sign a contract prior to the tax credit expiring has had an impact. But there is something else that it less temporary that is also having an impact. Consistently low 30 year fixed rates, an increase in consumer confidence, and a rise in non-farm payrolls are helping to fuel demand for housing. And unlike the tax credit, these items will not expire but continue to move upward.
The report also showed that inventories of new homes for sale fell a record seven percent to 211,000 units in April. That is the lowest level of inventories since October 1968! Lower inventories will eventually lead to further price stabilization.
Consumer Sentiment Rises:
The Thomson Reuters/University of Michigan's report showed that consumer sentiment rose again in May. The final May reading on the overall index was 73.6, up from April's reading of 72.2.
Consumer Spending drives 70 percent of our economy, so an increase in consumer sentiment readings could be good for economic growth in the near-term. Also, both consumer sentiment and consumer confidence are significant drivers for housing demand. Simply put, consumers are more likely to purchase a home if they feel more confident about their own financial outlook.
What Happened to Rates Last Week:
Mortgage backed securities (MBS) lost -69 basis points last week which caused 30 year fixed rates to increase for both government and conventional loans. The prior week, they were at their best levels of 2010. MBS pricing decreased (which causes mortgage rates to go up) due primarily to a rebound in the stock markets which pulled some money way from bonds. We also saw some strong economic data such as the Chicago PMI, Consumer Sentiment and Initial Jobless Claims. As the economy shows sign of expansion, it takes a toll on long bonds such as mortgage backed securities. However, mortgage rates remained at fantastic levels.
What to Watch Out For This Week:
The following are the major economic reports that will hit the market this week. They each have the ability to affect the pricing of Mortgage Backed Securities and therefore, interest rates for Government and Conventional mortgages. I will be watching these reports closely for you and let you know if there are any big surprises:
Date ET Release For
1-Jun 10:00 Construction Spending Apr
1-Jun 10:00 ISM Index May
2-Jun 10:00 Pending Home Sales Apr
2-Jun 10:30 Crude Inventories 29-May
2-Jun 14:00 Auto Sales May
2-Jun 14:00 Truck Sales May
3-Jun 8:15 ADP Employment Change May
3-Jun 8:30 Productivity-Rev. Q1
3-Jun 8:30 Unit Labor Costs Q1
3-Jun 8:30 Initial Claims 29-May
3-Jun 8:30 Continuing Claims 29-May
3-Jun 10:00 Factory Orders Apr
3-Jun 10:00 ISM Services May
4-Jun 8:30 Nonfarm Payrolls May
4-Jun 8:30 Unemployment Rate May
4-Jun 8:30 Hourly Earnings May
4-Jun 8:30 Average Workweek May
It is virtually impossible for you to keep track of what is going on with the economy and other events that can impact the housing and mortgage markets. Just leave it to me, I monitor the live trading of Mortgage Backed Securities which are the only thing government and conventional mortgage rates are based upon.
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