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Showing posts with label salt lake city homes. Show all posts
Showing posts with label salt lake city homes. Show all posts
Wednesday, September 15, 2010
Thursday, May 8, 2008
Styles of Properties: Classic Bungalow

Working around SLC valley, people are often ask me the definition of property styles. Salt Lake City Utah properties are some of the most diverse in the country, and Sugar House is home to some of the finest old homes.
I would like to review some styles today, and sugeest some things you should be focus on:
Classic Bungalow: Bungalows are ubiquitous in Sugar House. Unpainted, the woodwork is a real attraction.
Most of these handsome Sugar House Utah homes were built between 1910 and 1930. They are defined by their big, shaded front porches. The focal point of the inside is the tile fireplace with an ornate metal grate. Hardwood floors, coved ceilings and arched doorways are common. Gumwood trim is a beautiful accent to the plaster walls,
although all too often this wood has been painted over.
Many Sugarhouse Utah bungalows were built on shallow foundations. Particularly on the valley floor, some have settled to either side. They are noticeably crooked.
Not to worry. Most settled 80 years ago and are as sound as any home built today. Basement ceilings are usually low and a dirt-filled concrete shelf runs around the perimeter, taking up hundreds of feet of otherwise useful space. Some people
dig these basements out to create another level of quality living space.
Quirks:
Unless a bungalow has been updated, it will have knob and tube wiring whose appearance is so archaic that it can freak out an uninitiated buyer. Don't despair. This is quality wiring. Old fuse boxes can be replaced inexpensively. Open junctions can be enclosed. This wiring has worked for a hundred years. It will work for a hundred more. Check the water pressure. Old iron Utah pipes can fill with deposits, restricting the flow. According to "Bungalow Nation," a book by Diane Maddex and Alexander Vertifkoof, bungalows are the most common house style in America. "At
the start of the twentieth century," the pair write, "the bungalow took America by storm. These small houses . . . were built throughout the country and helped fulfill many Americans' wish for a single-family home, equipped with all the latest conveniences and set in a garden, however tiny.
A bungalow allowed people of modest means to achieve something they had long sought:
respectability. Central to its popularity was the idea that simplicity and a sense of style could harmonize in an affordable home. One type of house that would fit many tastes, pocketbooks and climates, the bungalow for the first time extended democracy to the nation's architecture. . . .
What accounts for the bungalow's popularity? Marketing certainly played an important role. Bungalows were displayed prominently in the pages of popular magazines such as The Ladies Home Journal, and influential editors extolled the large windows, airy porches, built-in furnishings, open floor plans, and other features that made bungalows convenient and healthful."
Bungalow fans might want to check out American Bungalow Magazine's website. Sugarhouse Utah real estate is epitomized by the bungalow. http://www.ambungalow.com/
Wednesday, February 6, 2008
Financing...
Before you start looking at Salt Lake City homes, it’s a good idea to know how you will finance the purchase of your new home and how much of your own money you will need to accomplish this. Keep in mind that the better your credit is, the less you will need in most cases.
The costs are listed below:
• Down Payment : Most houses are bought with 0% to 20% down. There are many loans for a variety of needs. If you put 20% or more down, there is no private mortgage insurance.
• Closing Costs : Closing costs and prepaid taxes & insurance will typically be another 2%-4% of the purchase price. However, the Buyer can negotiate with the Seller to pay for the Buyers closing costs and add them to the price of the house. The lender allows this, so the Buyer usually doesn't need to save this amount to buy a home.
• Inspections: A home inspection will cost $300 or more and is worth it. The Buyer should plan on paying for this at the time of inspection.
Other concerns for down payment:
• Your Credit: If your credit is good you will have more options.
• Once you’ve saved some money, what other things beside the purchase of real estate will you need that money for?
• The type of house you are buying (If you're buying a fixer-upper, you'll need money to fix it after you buy it)
• 20% down. No private mortgage insurance (PMI) if you put 20% down. This matters more if you will be staying in the house for a long time. However, it usually makes sense to buy homes with little down if the price of real estate is going up, and try to eliminate the PMI later as a result of your appreciation
.• Interest rate. Some low down payment (0% down) programs have higher interest rates, but many are quite competitive.
The costs are listed below:
• Down Payment : Most houses are bought with 0% to 20% down. There are many loans for a variety of needs. If you put 20% or more down, there is no private mortgage insurance.
• Closing Costs : Closing costs and prepaid taxes & insurance will typically be another 2%-4% of the purchase price. However, the Buyer can negotiate with the Seller to pay for the Buyers closing costs and add them to the price of the house. The lender allows this, so the Buyer usually doesn't need to save this amount to buy a home.
• Inspections: A home inspection will cost $300 or more and is worth it. The Buyer should plan on paying for this at the time of inspection.
Other concerns for down payment:
• Your Credit: If your credit is good you will have more options.
• Once you’ve saved some money, what other things beside the purchase of real estate will you need that money for?
• The type of house you are buying (If you're buying a fixer-upper, you'll need money to fix it after you buy it)
• 20% down. No private mortgage insurance (PMI) if you put 20% down. This matters more if you will be staying in the house for a long time. However, it usually makes sense to buy homes with little down if the price of real estate is going up, and try to eliminate the PMI later as a result of your appreciation
.• Interest rate. Some low down payment (0% down) programs have higher interest rates, but many are quite competitive.
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Whether you have an agent or looking for one, please do not ever hesitate to request following types of information:
1. Comparable Analysis of the Property
(the one you are planning to purchase or sell)
2. Neighborhood Market Analysis
3. Legal Advice - Notary, Immigration or Criminal Attorney's Consultation
4. Contract Questions
5. Translation
6. And much more,
Just send me a quick e-mail explaining what you need, and I will reply within minutes!*
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1. Comparable Analysis of the Property
(the one you are planning to purchase or sell)
2. Neighborhood Market Analysis
3. Legal Advice - Notary, Immigration or Criminal Attorney's Consultation
4. Contract Questions
5. Translation
6. And much more,
Just send me a quick e-mail explaining what you need, and I will reply within minutes!*
marinav30@yahoo.com