Provided By Realty Times
Written By Richard Thompson
Committees serve an invaluable role in assisting the board. They allow owners to participate on focused issues without committing to years of service on the board. Each committee appointed by the board should have a written charter or marching orders which defines expectations. Here is a sample charter which can be adapted to other committee functions.
Nottacare Condominium
Budget Committee Charter
I. Purpose
The primary functions of the Budget Committee are to assist the board of directors in fulfilling its financial oversight responsibilities with respect to budgeting, finance and accounting procedures. The Committee will encourage continuous improvement of and adherence to financial policies, procedures and practices.
The role of the Committee is oversight. It is not the duty of the Committee to conduct audits or to determine whether the financial statements are complete, accurate and in accordance with generally accepted accounting principles. These are the responsibilities of independent auditors.
II. Organization
The Budget Committee shall be comprised of three or more members of Nottacare Condominium as determined by the Board of Directors.
III. Term of Office
Committee Members shall serve for one year subject to renewal by mutual agreement of the member and the board.
IV. Meetings
The Budget Committee shall meet on a quarterly basis, or more frequently as circumstances require.
V. Responsibilities and Duties
To fulfill its responsibilities and duties, the Budget Committee shall:
1.Formulate a draft Operating and Reserves Budget each year and present it for approval by the board of directors by November 1st of each year. The budget shall based on a thorough review of the current year’s actual expenses, cost increases in contracts and utilities and future reserve needs.
2.Review financial reporting procedures and fraud controls annually and make recommendations to the board for improvement.
3.Review and advise the board on special assessment proposals.
4.Review and approve the annual tax return prior to submission.
5.Advise board when a CPA review, compilation or audit is indicated.
Do you have questions regarding HOA's in your community? Give us a call at 972-772-7000 or email us at rockwall@kw.com.
Friday, July 30, 2010
Wednesday, July 28, 2010
Add Instant Charm
Provided By My Home Ideas
Transform your home into a quaint cottage with these instant updates.
Add a Picket Fence
The big idea: Frame your cottage by installing a picket fence around your lawn. Anchor posts with bright flowers for a pop of color, or plant a climbing vine that spills over the top.
Notice the details: Pickets come in a variety of shapes and sizes. Four feet is a standard height, and the tops can sit side by side or form a gently sloping pattern.
Go Dutch
The big idea: Say hello to your neighbors--and furry friends--with a Dutch door. The swinging upper sash invites cool breezes and natural light and adds a casual and friendly feel to any entryway or kitchen.
Notice the details: Original to Netherland farmhouses, a Dutch door is divided horizontally, so the top and bottom open independently of each other. Closing the lower part creates a gate, keeping small children and pets contained.
Dress Up Your Porch
The big idea: Create a welcoming outdoor room by transforming a porch into extra living space. Approach the decorating as you do inside: Combine comfortable furniture (weather-resistant works best) and eye-catching yet durable accessories for a space that invites lounging.
Notice the details: Explore vintage shops for colorful accents, like an antique birdbath turned into an urn for flowers, to blend with outdoor fabric.
Notice the details: Durable porch paint and a polyurethane topcoat allow a floor to withstand foot traffic. If you prefer a worn look, skip the topcoat and use latex paint that will chip and scratch naturally.
Notice the details: Add architectural interest by applying beaded-board paneling along your shelves’ back wall.
Are you looking for a home that you can add instant charm to? Give us a call at 972-772-7000 or email us at rockwall@kw.com.
Transform your home into a quaint cottage with these instant updates.
Add a Picket Fence
The big idea: Frame your cottage by installing a picket fence around your lawn. Anchor posts with bright flowers for a pop of color, or plant a climbing vine that spills over the top.
Notice the details: Pickets come in a variety of shapes and sizes. Four feet is a standard height, and the tops can sit side by side or form a gently sloping pattern.
The big idea: Say hello to your neighbors--and furry friends--with a Dutch door. The swinging upper sash invites cool breezes and natural light and adds a casual and friendly feel to any entryway or kitchen.
Notice the details: Original to Netherland farmhouses, a Dutch door is divided horizontally, so the top and bottom open independently of each other. Closing the lower part creates a gate, keeping small children and pets contained.
The big idea: Create a welcoming outdoor room by transforming a porch into extra living space. Approach the decorating as you do inside: Combine comfortable furniture (weather-resistant works best) and eye-catching yet durable accessories for a space that invites lounging.
Notice the details: Explore vintage shops for colorful accents, like an antique birdbath turned into an urn for flowers, to blend with outdoor fabric.
Install Beaded Board
The big idea: Cover plain walls with beaded board to add a layer of texture and cottage character. Named for the thin, rounded “bead” that separates each wooden strip, beaded board is a classic choice for traditional paneling or wainscoting and creates a time-honored look.
Notice the details: Use beaded board on a ceiling to visually lengthen or widen a space. It also camouflages damaged walls and covers up unsightly popcorn ceilings.
Install a Farmhouse Sink
The big idea: No cottage is complete without a farmhouse, or apron-front, sink. Because of its depth and wide base, the style is ideal for fitting cookie sheets and family dinner-size pots and pans.
Notice the details: A two-handled faucet that’s mounted on top, like this vintage bridge-style model, swings out of the way and complements the old feel of the sink
Paint a Wooden Floor
The big idea: Paint an overscale pattern on the floor for high drama. Whether you choose a bold, geometric design or solid wash of color, a painted floor makes a big impression.
Notice the details: Durable porch paint and a polyurethane topcoat allow a floor to withstand foot traffic. If you prefer a worn look, skip the topcoat and use latex paint that will chip and scratch naturally.
Open Up Your Shelves
The big idea: Update basic or stock kitchen cabinets by removing the doors to show off your favorite collections. Open shelves not only keep items within easy reach but they also make a decorative statements out of cookbooks and appliances.
Notice the details: Add architectural interest by applying beaded-board paneling along your shelves’ back wall.
Plant a Window Box
The big idea: Hang window boxes on the front of your cottage for a romantic look. Overflowing with lush annuals and punctuated with various textures and bursts of seasonal color, these containers will seamlessly blend your house and garden and instantly boost curb appeal.
Notice the details: Proper scale is essential when adding window boxes. The planter should be the same width as the window to avoid a wimpy, barely there look.
Monday, July 26, 2010
TEXAS LEADS ECONOMIC RECOVERY
Provided By RECON
Texas is leading the United States in the current U-shaped economic recovery. The state’s economy experienced its second month of positive annual employment growth after 16 months of job losses.
Texas’ annual employment growth rate was 0.9 percent from June 2009 to June 2010 compared with a negative rate of 0.1 percent for the nation. After 17 months of job losses, the state’s private sector posted a positive annual employment growth rate of 0.4 percent.
The state’s seasonally adjusted unemployment rate rose from 7.8 percent in June 2009 to 8.2 percent in June 2010, while the U.S. rate in June was 9.5 percent, the same as in June 2009.
Six Texas industries — education and health services; mining and logging; professional and business services; leisure and hospitality; manufacturing; and transportation, warehousing, utilities — and the government sector had more jobs in June 2010 than in June 2009. Five other industries experienced net job losses over the same period.
Sixteen Texas metro areas experienced positive employment growth rates from June 2009 to June 2010, up from 13 for the period from May 2009 to May 2010. College Station-Bryan ranked first in job creation followed by San Angelo, McAllen-Edinburg-Mission, Killeen-Temple-Fort Hood and Waco.
The state’s actual unemployment rate in June 2010 was 8.5 percent. Midland had the lowest unemployment rate followed by Amarillo, Lubbock, San Angelo, Abilene and College Station-Bryan.
The Real Estate Center's complete economic review is available on the Center's website.
Texas is growing and so is DFW, are you ready to make a move to one of Texas' leading cities? Give us a call at 972-772-7000 or email us at rockwall@kw.com.
Texas is leading the United States in the current U-shaped economic recovery. The state’s economy experienced its second month of positive annual employment growth after 16 months of job losses.
Texas’ annual employment growth rate was 0.9 percent from June 2009 to June 2010 compared with a negative rate of 0.1 percent for the nation. After 17 months of job losses, the state’s private sector posted a positive annual employment growth rate of 0.4 percent.
The state’s seasonally adjusted unemployment rate rose from 7.8 percent in June 2009 to 8.2 percent in June 2010, while the U.S. rate in June was 9.5 percent, the same as in June 2009.
Six Texas industries — education and health services; mining and logging; professional and business services; leisure and hospitality; manufacturing; and transportation, warehousing, utilities — and the government sector had more jobs in June 2010 than in June 2009. Five other industries experienced net job losses over the same period.
Sixteen Texas metro areas experienced positive employment growth rates from June 2009 to June 2010, up from 13 for the period from May 2009 to May 2010. College Station-Bryan ranked first in job creation followed by San Angelo, McAllen-Edinburg-Mission, Killeen-Temple-Fort Hood and Waco.
The state’s actual unemployment rate in June 2010 was 8.5 percent. Midland had the lowest unemployment rate followed by Amarillo, Lubbock, San Angelo, Abilene and College Station-Bryan.
The Real Estate Center's complete economic review is available on the Center's website.
Texas is growing and so is DFW, are you ready to make a move to one of Texas' leading cities? Give us a call at 972-772-7000 or email us at rockwall@kw.com.
Friday, July 23, 2010
Choosing The Best Lender
Published By Yahoo! Real Estate
You're shopping for a mortgage and you've received four offers from four lenders. How do you choose? The first factor most people consider is the interest rate and other costs, but that's only the beginning. You'll also want to think about the lenders themselves, not simply the numbers they're tossing your way.
Here are five steps to follow when determining which lender is right for you:
1. Compare fees as well as interest rates
Comparing loans based on their annual percentage rate (APR) is a good place to start, but it's not enough. In the case of a mortgage, to get a more accurate breakdown of costs, ask the various lenders for a formal "good faith estimate" of all the fees you'll incur with your loan -- this is a standard form lenders must provide you that is more detailed than the overview you'll get with an offer. Also, ask about potential charges that may not appear on that list, such as prepayment penalties. You're not just comparing numbers here: determine how honest and upfront you feel the lender is being, and don't use a lender that you feel is evading your questions.
2. Consider your individual circumstances
Bigger lenders aren't necessarily better than smaller ones, especially if you have unusual circumstances. For example, some lenders specialize in loans for people with poor credit, while others may have more options for those with small down payments. If you have special borrowing needs, look for a lender with experience working with people in similar situations.
3. Look at the range of loan types available
There are more loan options available than ever before, so take advantage of all that choice. Look for a lender who offers a wide variety of loan types, from conventional fixed-rate and adjustable-rate to newer ones such as hybrid ARMs and option ARMs. Your lender should be able to match you with a mortgage that's right for your financial situation and risk tolerance.
4. Evaluate the level of customer service
When you're comparing offers, ask each lender about their policy regarding locking in their quoted rates and see whether there is a fee. Also, ask them to amend one of the terms (such as a payment cap) and see how willingly they agree. You're looking for flexibility and responsiveness. And also note how well they listen to you. If you ask for a 30-year fixed-rate mortgage, they ought to present that as an option, not push you toward something different, such as an interest-only loan. If you're not getting good service from a lender who is competing for your business, you're not likely to get it after you've agreed to work with them.
5. Check out the lender's reputation
Word of mouth is important in every business, including the loan market. If you've never worked with a particular lender, you'll want to find out the opinion of people who have.
Do you need help with your home mortgage? Give us a call at 972-772-7000 or email us at rockwall@kw.com.
You're shopping for a mortgage and you've received four offers from four lenders. How do you choose? The first factor most people consider is the interest rate and other costs, but that's only the beginning. You'll also want to think about the lenders themselves, not simply the numbers they're tossing your way.
Here are five steps to follow when determining which lender is right for you:
1. Compare fees as well as interest rates
Comparing loans based on their annual percentage rate (APR) is a good place to start, but it's not enough. In the case of a mortgage, to get a more accurate breakdown of costs, ask the various lenders for a formal "good faith estimate" of all the fees you'll incur with your loan -- this is a standard form lenders must provide you that is more detailed than the overview you'll get with an offer. Also, ask about potential charges that may not appear on that list, such as prepayment penalties. You're not just comparing numbers here: determine how honest and upfront you feel the lender is being, and don't use a lender that you feel is evading your questions.
2. Consider your individual circumstances
Bigger lenders aren't necessarily better than smaller ones, especially if you have unusual circumstances. For example, some lenders specialize in loans for people with poor credit, while others may have more options for those with small down payments. If you have special borrowing needs, look for a lender with experience working with people in similar situations.
3. Look at the range of loan types available
There are more loan options available than ever before, so take advantage of all that choice. Look for a lender who offers a wide variety of loan types, from conventional fixed-rate and adjustable-rate to newer ones such as hybrid ARMs and option ARMs. Your lender should be able to match you with a mortgage that's right for your financial situation and risk tolerance.
4. Evaluate the level of customer service
When you're comparing offers, ask each lender about their policy regarding locking in their quoted rates and see whether there is a fee. Also, ask them to amend one of the terms (such as a payment cap) and see how willingly they agree. You're looking for flexibility and responsiveness. And also note how well they listen to you. If you ask for a 30-year fixed-rate mortgage, they ought to present that as an option, not push you toward something different, such as an interest-only loan. If you're not getting good service from a lender who is competing for your business, you're not likely to get it after you've agreed to work with them.
5. Check out the lender's reputation
Word of mouth is important in every business, including the loan market. If you've never worked with a particular lender, you'll want to find out the opinion of people who have.
Do you need help with your home mortgage? Give us a call at 972-772-7000 or email us at rockwall@kw.com.
Wednesday, July 21, 2010
Avoid These Huge House Seller Mistakes
Written By Darline Bazile
Provided By Real Estate Articles
You would like to get the best price for your house, plus sell it in the least amount of time. In a buyers’ market like the one emerging now, houses will take longer to sell. For that reason, it’s important that you make the right moves in the very beginning of your homeselling process to remain competitive. Here are some top house seller mistakes and traps that home owners fall into and how to avoid them.
* Over-pricing – It’s easy to believe your house is worth a lot more than the current market may support, especially after the long run-up in home prices. Given that house costs have cooled down in markets around the country, house sellers should be willing to negotiate on price and terms, and stay flexible to other stipulations benefiting the buyer. Sellers should also keep their feelings under control during the process. After all, your house is special to you and the family, and you’re pleased with the improvements you’ve made over the years. However, how does your house really stand up to the others? And are those upgrades important to a potential buyer? To find out a fair listing price, get sales statistics on homes in the neighborhood including listing prices and actual sales prices, how long it took for the homes to sell, and government valuation comparisons. You’ll also need a market appraisal on your property. Visit properties for sale in your area and examine what you see in terms of sales appeal.
* Negligent Housekeeping – Buyers have to be able to imagine themselves living in the house. Have a good, objective look at the actual condition of your house. Clean, well-kept homes with an updated appearance always stand out, and a little decorating appeal can go a long way. You don’t have to purchase new furniture in order to produce charm, however , you can put toys and clutter away, freshen up paint and carpet, make the most of window coverings, and give a few key accessories in order to send out welcoming signals.
* Failing to Fix-It – Buyers, unless they are searching for a fixer-upper, would prefer to move into a house that’s in perfect or near-perfect condition. If they have to repair the roof, a broken tile floor, the garage door, worn carpet or just about anything, this could give them pause about buying. At the minimum, it may reduce the value of the home in the prospective buyer’s mind.
* Not Identifying Exclusions – This can be a cause of contention just at a critical point in the sale. Make sure to specify any special sales factors or exclusions from the fixtures and furnishings list. Generally, anything permanently fixed to the house is an asset that stays with the home after the sale. Therefore you intend to take your grandmother’s antique chandelier that’s hanging in the dining room, clearly specify the chandelier isn’t included in the sale price.
* Not Understanding the Agent Agreement – Your sales endeavor will certainly go easiest when all parties have a clear understanding of exactly what is expected. Understand the types of agency agreements when you sign with a real estate professional or company. Make sure to check on fees, commission percentages, marketing plans and timeframes. Just remember, get everything in writing.
Looking for help and the right answers in regards to selling your home? Give us a call at 972-772-7000 or email us rockwall@kw.com.
Provided By Real Estate Articles
You would like to get the best price for your house, plus sell it in the least amount of time. In a buyers’ market like the one emerging now, houses will take longer to sell. For that reason, it’s important that you make the right moves in the very beginning of your homeselling process to remain competitive. Here are some top house seller mistakes and traps that home owners fall into and how to avoid them.
* Over-pricing – It’s easy to believe your house is worth a lot more than the current market may support, especially after the long run-up in home prices. Given that house costs have cooled down in markets around the country, house sellers should be willing to negotiate on price and terms, and stay flexible to other stipulations benefiting the buyer. Sellers should also keep their feelings under control during the process. After all, your house is special to you and the family, and you’re pleased with the improvements you’ve made over the years. However, how does your house really stand up to the others? And are those upgrades important to a potential buyer? To find out a fair listing price, get sales statistics on homes in the neighborhood including listing prices and actual sales prices, how long it took for the homes to sell, and government valuation comparisons. You’ll also need a market appraisal on your property. Visit properties for sale in your area and examine what you see in terms of sales appeal.
* Negligent Housekeeping – Buyers have to be able to imagine themselves living in the house. Have a good, objective look at the actual condition of your house. Clean, well-kept homes with an updated appearance always stand out, and a little decorating appeal can go a long way. You don’t have to purchase new furniture in order to produce charm, however , you can put toys and clutter away, freshen up paint and carpet, make the most of window coverings, and give a few key accessories in order to send out welcoming signals.
* Failing to Fix-It – Buyers, unless they are searching for a fixer-upper, would prefer to move into a house that’s in perfect or near-perfect condition. If they have to repair the roof, a broken tile floor, the garage door, worn carpet or just about anything, this could give them pause about buying. At the minimum, it may reduce the value of the home in the prospective buyer’s mind.
* Not Identifying Exclusions – This can be a cause of contention just at a critical point in the sale. Make sure to specify any special sales factors or exclusions from the fixtures and furnishings list. Generally, anything permanently fixed to the house is an asset that stays with the home after the sale. Therefore you intend to take your grandmother’s antique chandelier that’s hanging in the dining room, clearly specify the chandelier isn’t included in the sale price.
* Not Understanding the Agent Agreement – Your sales endeavor will certainly go easiest when all parties have a clear understanding of exactly what is expected. Understand the types of agency agreements when you sign with a real estate professional or company. Make sure to check on fees, commission percentages, marketing plans and timeframes. Just remember, get everything in writing.
Looking for help and the right answers in regards to selling your home? Give us a call at 972-772-7000 or email us rockwall@kw.com.
Monday, July 19, 2010
Underwater? Alternatives to Walking Away
Written By Broderick Perkins
Provided By Realty Times
Home owners who are "underwater" with their home loan and seek to come up for air by walking away from the debt, could still be gasping for relief years down the road.
There are occasions when walking away from your home -- and down the road to foreclosure -- is your only option, but seldom is it the best alternative.
Mortgages are "underwater" or "upside down" when the property experiences negative equity -- the mortgage is larger than the current value of the property. Negative equity is caused by a decline property value, an increase in mortgage debt or, most likely, both.
The consensus among experts is to consider the alternatives before abandoning your home, talk with your lender and seek counseling from a U.S. Department of Housing and Urban Affairs (HUD) certified counselor.
Don Bisenius, the head of Freddie Mac's home-loan guarantee business, recently asked borrowers to stick it out through the crisis.
Bisenius said foreclosures lead to degraded neighborhoods, more expensive mortgages and reduced home values.
"In the end, borrowers considering a strategic default should recognize the damaging impact their actions can have on others," he wrote.
The Obama Administration's frequently updated and strengthened multi-tiered MakingHomeAffordable.com program and other government efforts offer a good start with a host of options.
• Refinancing, turning in your existing mortgage for a new one, is perhaps the toughest option to accomplish. A refinance requires meeting stiff underwriting requirements -- an excellent credit report, a high credit score of 720 or more, documented career level income and little debt, for starters.
Federal programs, including the Federal Housing Administration's refinance effort, can be a good bet for those who haven't yet faced hardship and can qualify for a new loan.
• A mortgage modification reworks the terms of existing loans to get the payment down to a more affordable level. To add greater affordability, lenders lower the interest rate, lengthen the term of the loan or reduce the principal -- or do some combination of all three. Modifications can be used by qualified home owners who aren't yet struggling as well as those who are in a pinch.
• Short sales
Modifications and short sales can impact your credit, but not necessarily with the force of a foreclosure.
Bottom line, exploring all the options is a better first step than walking away.
I understand feeling financial pressure is difficult and embarrassing, but there is a point at which everyone has time to explore the options. In just about every case, that's much better than doing nothing at all. I strongly feel there is no reason for anyone to get a foreclosure" said Zdenka Mahan, a real estate agent with Intero Real Estate in Los Gatos.
Do you have questions about short sales, mortgage modifications or refinancing? Give us a call at 972-772-7000 or email us at rockwall@kw.com.
Provided By Realty Times
Home owners who are "underwater" with their home loan and seek to come up for air by walking away from the debt, could still be gasping for relief years down the road.
There are occasions when walking away from your home -- and down the road to foreclosure -- is your only option, but seldom is it the best alternative.
Mortgages are "underwater" or "upside down" when the property experiences negative equity -- the mortgage is larger than the current value of the property. Negative equity is caused by a decline property value, an increase in mortgage debt or, most likely, both.
The consensus among experts is to consider the alternatives before abandoning your home, talk with your lender and seek counseling from a U.S. Department of Housing and Urban Affairs (HUD) certified counselor.
Don Bisenius, the head of Freddie Mac's home-loan guarantee business, recently asked borrowers to stick it out through the crisis.
Bisenius said foreclosures lead to degraded neighborhoods, more expensive mortgages and reduced home values.
"In the end, borrowers considering a strategic default should recognize the damaging impact their actions can have on others," he wrote.
The Obama Administration's frequently updated and strengthened multi-tiered MakingHomeAffordable.com program and other government efforts offer a good start with a host of options.
• Refinancing, turning in your existing mortgage for a new one, is perhaps the toughest option to accomplish. A refinance requires meeting stiff underwriting requirements -- an excellent credit report, a high credit score of 720 or more, documented career level income and little debt, for starters.
Federal programs, including the Federal Housing Administration's refinance effort, can be a good bet for those who haven't yet faced hardship and can qualify for a new loan.
• A mortgage modification reworks the terms of existing loans to get the payment down to a more affordable level. To add greater affordability, lenders lower the interest rate, lengthen the term of the loan or reduce the principal -- or do some combination of all three. Modifications can be used by qualified home owners who aren't yet struggling as well as those who are in a pinch.
• Short sales
Modifications and short sales can impact your credit, but not necessarily with the force of a foreclosure.
Bottom line, exploring all the options is a better first step than walking away.
I understand feeling financial pressure is difficult and embarrassing, but there is a point at which everyone has time to explore the options. In just about every case, that's much better than doing nothing at all. I strongly feel there is no reason for anyone to get a foreclosure" said Zdenka Mahan, a real estate agent with Intero Real Estate in Los Gatos.
Do you have questions about short sales, mortgage modifications or refinancing? Give us a call at 972-772-7000 or email us at rockwall@kw.com.
Friday, July 16, 2010
Entertain With Style
Provided By My Home Ideas
Written By Heather Chadduck
Recipe for Success: "I like to have sit-down dinner parties with several courses. It's a treat for my guests to waited on -- no one my age does that anymore. I always try to invite new people into my group of friends. It makes for good conversation, then guests settle in and hang out."
Recipe for Disaster: "Don't serve something you've never made before. I tried to branch out and make roasted red pepper soup once, but I put too many peppers in the blender and the lid flew off. People were walking through the door and I was wiping soup off the walls."
Old World Chic
When I was looking for a house, one of the criteria was a dining room big enough for my 9-foot-long table -- I can seat 10 people comfortably though the room is only 11 by 14 feet," says Heather.
"As for the chandelier, the bigger the better. The more arms that spread out in a room, the better the light," she says. "I put this one on a dimmer switch."
Written By Heather Chadduck
Recipe for Success: "I like to have sit-down dinner parties with several courses. It's a treat for my guests to waited on -- no one my age does that anymore. I always try to invite new people into my group of friends. It makes for good conversation, then guests settle in and hang out."
Recipe for Disaster: "Don't serve something you've never made before. I tried to branch out and make roasted red pepper soup once, but I put too many peppers in the blender and the lid flew off. People were walking through the door and I was wiping soup off the walls."
Old World Chic
When I was looking for a house, one of the criteria was a dining room big enough for my 9-foot-long table -- I can seat 10 people comfortably though the room is only 11 by 14 feet," says Heather.
"As for the chandelier, the bigger the better. The more arms that spread out in a room, the better the light," she says. "I put this one on a dimmer switch."
Use What You Love
"Everything I own is mismatched," says Heather. "I have a passion for collecting anything that's used for entertaining."
To act as a placecard, she stamped leger paper with a guest's name for each setting.
Think Outside the Flower Box
Since Heather's table is extra long, she likes to make several arrangements that all of her guests can enjoy while seated. She created this fuss-free arrangement with items from the grocer's vegetable section. The vases are wrapped in the same ledger paper she used to create place cards.
Add a Personal Touch
For her dinner parties, Heather likes to do the cooking. "My signature dish is vichyssoise," she says. "I make it the day before, put it in julep cups on a tray, and keep it in the fridge all night. When guests walk in, I had them a cup and a spoon and everone has their first course standing up."
Are you wanting a new home so you can start hosting your very own dinner parties? Give us a call at 972-772-7000 or email us at rockwall@kw.com.
Wednesday, July 14, 2010
Bathroom Design Trends: Clean and Green
Provided By Realty Times
Written By Jim Adair
Tiles that clean themselves, faucets with no levers, residential urinals and automatic humidity sensing fans – these are some of the design innovations that have started showing up in the bathrooms of upper-end homes during the last few years. Combined with a trend to minimal Asian design, bathroom designs these days can best be designed as clean and green.
Active Clean Air and Antibacterial Ceramic Tiles were introduced to Canada last year by Savoia Canada, a subsidiary of the Italian GranitiFiandre Group. The company says the tiles use titanium dioxide to "clean the air of polluting organic substances when either sunlight or artificial UVA rays shine on the tiles. This process transforms harmful organic and inorganic substances into compounds that are harmless to humans." They are available in about 40 different colours and various sizes.
A set of faucets and showers from American Standard has no levers or faucets, just four electronic control icons on the top surface of the tub filler or the bottom of the shower column. They are operated by regular C type batteries.
Kohler Canada offers waterless residential urinals and toilets with built-in bidet functions including a control for water temperature and flow, a deodorizer function, a heated seat and warm air drying at three speeds.
If you can never remember to turn on the bathroom fan during or after a shower, Broan-Nutone offers Humidity Sensing Fans, which automatically turn on when a rapid rise in humidity is detected in the room.
Waterfall faucets and shower towers that include everything from steam options to waterproof built-in speakers are other popular bathroom features. From an esthetic point of view, Japanese influences are being seen in the clean lines and open spaces in new bathrooms. Hotel-like "floating" vanities and wall-mounted toilets make small rooms look larger.
An American Standard survey in 2008 showed that 88 per cent of people were "doing a lot of things inside their bathrooms besides the obvious." More than one-third read their mail there, while 43 per cent used it to get dressed, 19 per cent listened to music on their radio or I-Pod, 15 per cent talked on the phone and three per cent watched TV.
Most people spent about 30 minutes in the bathroom a day, but 25 per cent of people reported spending at least an hour. Women spent more time there than men, and women with children spent more time in the shower than women without kids.
The biggest bathroom trends are in the "green" categories – conserving water and energy. In Ontario, the provincial government recently announced plans to mandate water-saving toilets. It says Ontarians currently use about 260 litres of water a day, nearly twice as much as people in Germany, the U.K. and the Netherlands. American Standard says Canadians use the second highest amount of water in the world, with 35 per cent of the water used for the shower and the tub, and 30 per cent used by flushing the toilet.
Many municipalities offer incentives to residents to switch from 13-litre toilets to energy efficient six-litre models. For example, Toronto residents can get $60 or $75 for making the move. Kohler Canada offers an interactive map that shows where you can get rebates in municipalities across the country.
In addition to dual-flush and low-flow toilets, water is being conserved in the bathroom with low-flow faucets and showerheads. Changing all three in a bathroom costs as little as $600, but provides long-term financial benefits.
Some other "green" trends include using cleaning materials that are ammonia-free (such as water and vinegar), and installing energy-efficient lighting. Kohler is using recycled and reclaimed materials in some of its cast-iron products.
What’s coming up in future bathroom trends? While white still rules as the dominant fixture colour, other more vibrant colours may be making a comeback. In terms of bathroom design, an aging population is prompting more consideration of accessible features, such as grab bars and curbless and level-access showers.
Are you interested in buying or learning more about "green" homes. Give us a call at 972-772-7000 or email us at rockwall@kw.com.
Written By Jim Adair
Tiles that clean themselves, faucets with no levers, residential urinals and automatic humidity sensing fans – these are some of the design innovations that have started showing up in the bathrooms of upper-end homes during the last few years. Combined with a trend to minimal Asian design, bathroom designs these days can best be designed as clean and green.
Active Clean Air and Antibacterial Ceramic Tiles were introduced to Canada last year by Savoia Canada, a subsidiary of the Italian GranitiFiandre Group. The company says the tiles use titanium dioxide to "clean the air of polluting organic substances when either sunlight or artificial UVA rays shine on the tiles. This process transforms harmful organic and inorganic substances into compounds that are harmless to humans." They are available in about 40 different colours and various sizes.
A set of faucets and showers from American Standard has no levers or faucets, just four electronic control icons on the top surface of the tub filler or the bottom of the shower column. They are operated by regular C type batteries.
Kohler Canada offers waterless residential urinals and toilets with built-in bidet functions including a control for water temperature and flow, a deodorizer function, a heated seat and warm air drying at three speeds.
If you can never remember to turn on the bathroom fan during or after a shower, Broan-Nutone offers Humidity Sensing Fans, which automatically turn on when a rapid rise in humidity is detected in the room.
Waterfall faucets and shower towers that include everything from steam options to waterproof built-in speakers are other popular bathroom features. From an esthetic point of view, Japanese influences are being seen in the clean lines and open spaces in new bathrooms. Hotel-like "floating" vanities and wall-mounted toilets make small rooms look larger.
An American Standard survey in 2008 showed that 88 per cent of people were "doing a lot of things inside their bathrooms besides the obvious." More than one-third read their mail there, while 43 per cent used it to get dressed, 19 per cent listened to music on their radio or I-Pod, 15 per cent talked on the phone and three per cent watched TV.
Most people spent about 30 minutes in the bathroom a day, but 25 per cent of people reported spending at least an hour. Women spent more time there than men, and women with children spent more time in the shower than women without kids.
The biggest bathroom trends are in the "green" categories – conserving water and energy. In Ontario, the provincial government recently announced plans to mandate water-saving toilets. It says Ontarians currently use about 260 litres of water a day, nearly twice as much as people in Germany, the U.K. and the Netherlands. American Standard says Canadians use the second highest amount of water in the world, with 35 per cent of the water used for the shower and the tub, and 30 per cent used by flushing the toilet.
Many municipalities offer incentives to residents to switch from 13-litre toilets to energy efficient six-litre models. For example, Toronto residents can get $60 or $75 for making the move. Kohler Canada offers an interactive map that shows where you can get rebates in municipalities across the country.
In addition to dual-flush and low-flow toilets, water is being conserved in the bathroom with low-flow faucets and showerheads. Changing all three in a bathroom costs as little as $600, but provides long-term financial benefits.
Some other "green" trends include using cleaning materials that are ammonia-free (such as water and vinegar), and installing energy-efficient lighting. Kohler is using recycled and reclaimed materials in some of its cast-iron products.
What’s coming up in future bathroom trends? While white still rules as the dominant fixture colour, other more vibrant colours may be making a comeback. In terms of bathroom design, an aging population is prompting more consideration of accessible features, such as grab bars and curbless and level-access showers.
Are you interested in buying or learning more about "green" homes. Give us a call at 972-772-7000 or email us at rockwall@kw.com.
Monday, July 12, 2010
How much home can you afford?
Published By Morris Communications
Provided By Dallas Morning News
Whether you can afford the home you've always wanted will boil down to a simple factor: How much you make versus how much you owe.
Lenders are not eager to extend loans to borrowers who will become overloaded by taking on more debt, so there are some general guidelines to keep in mind when pursuing a home loan.
Determine your monthly gross income, which includes regular monies that can be documented. Remember that income that can't be documented can't be used to qualify for a loan. However, unearned sources, such as alimony and lottery payments, can be used as well as income-producing assets, such as stocks or real estate. If you have questions, ask a loan officer to help you with the rules.
After you've figured how much you make, calculate how much you owe. This is all monthly debt obligations such as credit cards, installment loans, personal debts or other monthly obligations such as alimony or child support. Debts that will be paid off in fewer than six months don't have to be considered.
Although each lender has his or her own formula, generally speaking, monthly housing expenses, including monthly payments for taxes and insurance, shouldn't be in excess of 28 percent of the gross monthly income. Additionally, the proposed monthly housing expense and total debt obligation can't exceed 36 percent of the gross monthly income. If it does, the loan may not be approved.
However, there are numerous types of loan programs available, and each one has different guidelines, so don't get discouraged by the process if your first choice doesn't work out. Keep shopping around.
Your down payment can have tremendous impact on your ability to qualify for a loan. The greater percentage of down payment that you can make, the smaller the monthly payment you will pay. Likewise, closing costs, which can vary from 2 to 5 percent of the asking price of the home, also are part of the financial obligation that comes with purchasing a home.
To determine how much you can afford:
-Determine your gross monthly income.
-Calculate your monthly debt obligations.
-Generally, monthly housing cost should not exceed 28 percent of gross monthly income.
-Proposed monthly housing cost and monthly debt obligations combined should not exceed 36 percent of gross monthly income.
-Questions? Ask a qualified loan officer for help.
-How much of a down payment can you afford? The more money down up front, the smaller the monthly mortgage payment.
-Ask about closing costs.
Do you have questions about buying a home, would you like quick and honest answers? Give us a call at 972-772-7000 or email us at rockwall@kw.com.
Provided By Dallas Morning News
Whether you can afford the home you've always wanted will boil down to a simple factor: How much you make versus how much you owe.
Lenders are not eager to extend loans to borrowers who will become overloaded by taking on more debt, so there are some general guidelines to keep in mind when pursuing a home loan.
Determine your monthly gross income, which includes regular monies that can be documented. Remember that income that can't be documented can't be used to qualify for a loan. However, unearned sources, such as alimony and lottery payments, can be used as well as income-producing assets, such as stocks or real estate. If you have questions, ask a loan officer to help you with the rules.
After you've figured how much you make, calculate how much you owe. This is all monthly debt obligations such as credit cards, installment loans, personal debts or other monthly obligations such as alimony or child support. Debts that will be paid off in fewer than six months don't have to be considered.
Although each lender has his or her own formula, generally speaking, monthly housing expenses, including monthly payments for taxes and insurance, shouldn't be in excess of 28 percent of the gross monthly income. Additionally, the proposed monthly housing expense and total debt obligation can't exceed 36 percent of the gross monthly income. If it does, the loan may not be approved.
However, there are numerous types of loan programs available, and each one has different guidelines, so don't get discouraged by the process if your first choice doesn't work out. Keep shopping around.
Your down payment can have tremendous impact on your ability to qualify for a loan. The greater percentage of down payment that you can make, the smaller the monthly payment you will pay. Likewise, closing costs, which can vary from 2 to 5 percent of the asking price of the home, also are part of the financial obligation that comes with purchasing a home.
To determine how much you can afford:
-Determine your gross monthly income.
-Calculate your monthly debt obligations.
-Generally, monthly housing cost should not exceed 28 percent of gross monthly income.
-Proposed monthly housing cost and monthly debt obligations combined should not exceed 36 percent of gross monthly income.
-Questions? Ask a qualified loan officer for help.
-How much of a down payment can you afford? The more money down up front, the smaller the monthly mortgage payment.
-Ask about closing costs.
Do you have questions about buying a home, would you like quick and honest answers? Give us a call at 972-772-7000 or email us at rockwall@kw.com.
Friday, July 2, 2010
Tips for a Successful Garage Sale
Provided By Realty Times
Written By Carla Hill
Whether you are jump-starting a move, decluttering for a showing, or looking to make some extra cash, a garage sale can be a great way for a homeowner to declutter. Here are some helpful tips to make your next garage sale a success.
1. Plan Ahead: Some cities require that you have a permit or a license to hold a garage sale. These may be free, or they may cost a small fee. After you've gotten a permit, be sure to give yourself plenty of time to organize in preparation for the event. It can take more time than you'd expect to select items, price them, and then move them to your sale area.
2. Group Effort: Ask neighbors in your community if they'd be interested in having a sale the same day! This can be quit a draw to the garage sale crowd. Can't get the neighbors interested? Ask if any friends or family want to bring items over to have a combined sale. Simply use different colored price stickers to keep the profits separate. A block or "multi-family" sale is a great way to draw a crowd.
3. Advertise: There are a ton of great, and free, places to advertise your sale. Most of these are online. Be sure to mention in your add the following items: the neighborhood or area of town you are located in, especially if in a big city; your address; the date and run time; some of the items you are offering (appliances, women's clothing, baby items, etc.) The day of the sale be sure your home is easy to find. Use signs and balloons to direct traffic off of main roadways.
4. Price Items: When you price items, keep in mind that you are marketing to a customer that wants a deal. Be realistic about what an item is worth. Pricing items ahead of time can speed up the buying process.
5. Set Up Shop: Arrange items by type. Put furniture together, glassware on a table, and have clothes hanging. Also provide access to an electrical outlet for customers who want to turn on appliances and electronics to verify their condition.
6. Plenty of Change: Visit the bank the day before the sale to have lots of change. There will be buyers who use twenties, and will use of lots of your smaller bills. Stock up on ones, fives, tens, and lots of small change.
7. Take Care: If you have extra newspapers and plastic bags on hand, then keep them by your cash desk during the sale. Use the newspaper to wrap breakables. And use the plastic bags to help customer get small items conveniently to their car.
8. Eagle Eye. Be sure to keep an eye on your cash box! Never leave the box unattended.
9. Salvation Army: There will be items that don't sell. To expediate your clutter cleanse, look up local donation centers ahead of time to find out about donation pickup and drop-offs.
10. Free box: For items that need cleansed, but you aren't worry about making any money on, consider setting up a free box. You'll be surprised what other people will consider "treasure"!
11. Emily Post Touches: If morning weather is chilly, consider having small cups of coffee for sale. In summertime, have the kids set up a cookie and lemonade stand!
12. Have fun. A garage sale can be a stressful event, but if you stay committed to making it a positive and fun experience, it will be just that.
Good luck with your sale!
Done with decluttering your home and are now ready to sell? Give us a call at 972-772-7000 or email us at rockwall@kw.com.
Written By Carla Hill
Whether you are jump-starting a move, decluttering for a showing, or looking to make some extra cash, a garage sale can be a great way for a homeowner to declutter. Here are some helpful tips to make your next garage sale a success.
1. Plan Ahead: Some cities require that you have a permit or a license to hold a garage sale. These may be free, or they may cost a small fee. After you've gotten a permit, be sure to give yourself plenty of time to organize in preparation for the event. It can take more time than you'd expect to select items, price them, and then move them to your sale area.
2. Group Effort: Ask neighbors in your community if they'd be interested in having a sale the same day! This can be quit a draw to the garage sale crowd. Can't get the neighbors interested? Ask if any friends or family want to bring items over to have a combined sale. Simply use different colored price stickers to keep the profits separate. A block or "multi-family" sale is a great way to draw a crowd.
3. Advertise: There are a ton of great, and free, places to advertise your sale. Most of these are online. Be sure to mention in your add the following items: the neighborhood or area of town you are located in, especially if in a big city; your address; the date and run time; some of the items you are offering (appliances, women's clothing, baby items, etc.) The day of the sale be sure your home is easy to find. Use signs and balloons to direct traffic off of main roadways.
4. Price Items: When you price items, keep in mind that you are marketing to a customer that wants a deal. Be realistic about what an item is worth. Pricing items ahead of time can speed up the buying process.
5. Set Up Shop: Arrange items by type. Put furniture together, glassware on a table, and have clothes hanging. Also provide access to an electrical outlet for customers who want to turn on appliances and electronics to verify their condition.
6. Plenty of Change: Visit the bank the day before the sale to have lots of change. There will be buyers who use twenties, and will use of lots of your smaller bills. Stock up on ones, fives, tens, and lots of small change.
7. Take Care: If you have extra newspapers and plastic bags on hand, then keep them by your cash desk during the sale. Use the newspaper to wrap breakables. And use the plastic bags to help customer get small items conveniently to their car.
8. Eagle Eye. Be sure to keep an eye on your cash box! Never leave the box unattended.
9. Salvation Army: There will be items that don't sell. To expediate your clutter cleanse, look up local donation centers ahead of time to find out about donation pickup and drop-offs.
10. Free box: For items that need cleansed, but you aren't worry about making any money on, consider setting up a free box. You'll be surprised what other people will consider "treasure"!
11. Emily Post Touches: If morning weather is chilly, consider having small cups of coffee for sale. In summertime, have the kids set up a cookie and lemonade stand!
12. Have fun. A garage sale can be a stressful event, but if you stay committed to making it a positive and fun experience, it will be just that.
Good luck with your sale!
Done with decluttering your home and are now ready to sell? Give us a call at 972-772-7000 or email us at rockwall@kw.com.
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