We all know that the Federal Reserve Board has pushed billions of dollars into the bond markets over the last few years to keep rates down and stimulate the economy. The Fed has always said that this measure, known as “quantitative easing” (QE), was temporary and that as soon as the economy recovered sufficiently the infusion of funds would end. The year 2015 has been proposed as the target for the end of QE.
Green Star photos credit Lee Klopfer
Since the mid-1980s, Roberto Cardinale has created replicas of about 500 American and European buildings, most of them churches. Look at his portfolio and it’s easy to see he loves the old churches of New Mexico.
Color and decorative pieces can improve the look of a home outside as well as in. Add trim boards, columns or porch accessories and you can dress up the facade of a house, improving its value and curb appeal.
Home stagers are the people who sweep through homes going on the market and make them look uncluttered and cozy without a huge investment of time or money.
Question: We have three young children, so staging our apartment before each showing can be a challenge. What’s the bare minimum we should do?
An important decision for any investor wishing to purchase a commercial property is how to structure the financing of the proposed purchase. Can the investor pay with cash? Does he want to leverage the property, and if so, to what extent? This decision can have impacts beyond what most investors think. Not only can it affect your taxes, but it can also affect the return you receive on any given estimate. Understanding how debt financing can impact an investment is a very important aspect of any commercial transaction.
Fans of crisp, modern architecture and clean-lined shapes will love one of this fall’s strongest style trends: faceted décor.
‘‘My home has been vacant for too long and it is nearing the end of August. Why is it not renting?”
In the heat of summer, it’s hard to imagine that the weather will ever be cool again. And with dry weather, it’s hard to imagine it becoming rainy again.
Odette Estate, which opened recently, is part of a small but blossoming trend of green-roofed wineries.
A couple of months ago I wrote about the use of graywater and received many questions on the subject. Is leftover dishwashing water graywater? What are the possible uses of graywater? Can I mix rainwater and graywater? How important is graywater in a water conservation plan? Is graywater reuse legal in New Mexico? The list goes on. It is great to see the interest in this unique resource.
NEW YORK — As of Jan. 1 this year, the 60-watt incandescent light bulb — that classic of the genre; the Edisonian ideal; the signifier that illuminates in your mind’s eye when you’re asked to picture “a light bulb” — was banned forever. Perhaps you prepped by hoarding a box of bulbs in the back of your closet. Or perhaps this news took you by surprise, and you now live in fear of the moment the beloved incandescent in your bedside lamp flickers out.
When enforced, restrictive covenants — deed restrictions that apply to property in a specific development or subdivision — protect property values. The original developer usually puts them in place. Ask for a copy of the covenants immediately if your intention is to buy. Ask for them before executing a purchase agreement. Read them — know them — before you ever consider a change or improvement. Know if you can have horses, chickens and pets. Know if you can build the monster RV pad, mother-in-law casita, detached garage or fence.
What is the biggest misconception about mortgages? The down payment. I can’t tell you how often I hear some version of this statement: I want to buy a home but my (friend/cousin/neighbor) says I have to have 20 percent for a down payment. Hold that thought and let’s see how true it is.
Today, the front-page focus is about an uptick in consumer confidence and the housing market recovery. What is missing is the rest of story about how consumers have dramatically changed how they approach buying a home.
It may seem strange talking about fashion in a column dedicated to gardens, but if you take a close look at the work of internationally acclaimed fashion and textile designer Patricia Michaels, you will understand. Nature is not only a dominant theme, it is the driving force behind all that she does and represents. From her “Waterlily” Native name and logo to her signature eagle-feather scarves and petal-shaped parasols, her reverence for all things living and growing is evident.
“What in the world is going on with the real estate market?” we are often asked. It has been a conundrum and it can cause a great deal of consternation for real-estate brokers and homeowners alike. The statistics just published by the Santa Fe Association of Realtors for the second quarter of 2014 show us a mixed bag. While closed sales were up almost 3 percent from this same time last year, the pending sales declined nearly 39 percent. The median sales price also declined roughly 4 percent from this same time last year to $288,621, while the average sales price remained virtually the same. New listings saw a 3.5 percent decline with 1,253 homes coming on the market for sale while the inventory of homes ticked upwards almost 6 percent to 2,353 units available.
Last month we discussed the critical implications that the construction methods of our homes and buildings has on the causes of climate change. The energy consumption of our buildings is the largest single source of greenhouse-gas emissions across our economy. The building sector also provides us the largest source of low-cost and easily attainable reductions in energy consumption and thus greenhouse gas emissions with existing technology. In many cases, the climate-friendly options for our homes are those that also save us money over time: improved insulation, high efficiency lighting and heating, and solar technology. No futuristic, yet-to-be-discovered technology needed.
Loan officers may disagree, but the most important ally a borrower has in the loan finance process is the processor. When applying for a home loan, make friends with the processor. It will pay dividends.
July was an exciting month for sports fans. Germany won the 2014 FIFA World Cup, and LeBron James announced that he was going home to Ohio and the Cavaliers. This month, Dearest Readers, we have our own athlete, Gavin Sayers (Santa Fe Properties), who will himself be making history when he spends two days rowing the mighty Mississippi with his old friend and rowing buddy John Pritchard, a 1980 Olympic silver rowing medalist. A native of England (yes, Possums, that refined British accent is real), Gavin was a member of the prestigious Leander Club, Henley-on-Thames, which is where he and John first rowed together.
This interview series focuses on the people in Santa Fe’s real-estate industry. Alan Ball is an associate broker with Keller Williams Realty and a longtime blogger; his blog address is www. santaferealestateconsultant.com.
If you have any doubt about the importance of reclaimed wastewater in the City of Santa Fe’s water portfolio, I urge you to read the comprehensive 2013 Reclaimed Water Resource Plan, www.santafenm.gov/using_reclaimed_wastewater. It was prepared by Claudia Borchert (former Water Resources Coordinator, now Director of the Santa Fe County Public Utilities Division) in collaboration with a working group of dedicated and diverse community stakeholders.
After Brenda Edmondson lost 50 pounds over the course of a year, she wanted to buy a new wardrobe. But first, she needed to get rid of her old clothes.
Question: The toilet, sink and tub in my bathroom are all a very retro shade of mustard. Should I replace them before putting my apartment on the market?
Cynthia Kent and her husband, John, didn’t set out to be landlords, but career choices made it necessary.
WASHINGTON — U.S. home prices rose in May from a year earlier at the weakest pace in 15 months as sales remain modest in the spring buying season.
Outdoor lighting is often an afterthought in exterior face-lifts and landscape designs, something not remembered until the plants are dug, the deck is built and the house is repainted. If you find yourself in this kind of dark spot, don’t despair: We talked to professionals for some simple ideas that will make a big, bright impact.
The principle of conjunctive use management means using surface water when it is available and using groundwater only as necessary. The city’s water-supply portfolio includes two major surface water sources: the reservoirs that accumulate water from the Santa Fe River watershed and the Buckman Direct Diversion project, which diverts both San Juan-Chama Project (Colorado River Basin) water and Rio Grande water.
Homeownership is an investment in your future and offers immediate benefits and value. It helps build wealth over the long term, strengthens communities, reinforces the nation’s economy, and has been shown to reduce crime and improve education. Buying a home is one of the most important decisions in a consumer’s life. Consider these homebuying tips from other consumers, people who recently completed their own real estate transaction, and the suggestions they’d offer to other buyers.
It is only July, and while most of the Northern Hemisphere is enjoying lazy days under the summer sun, here in New Mexico, the mudslinging for the governor’s race is in full swing. Most folks already know who they are going to vote for, so couldn’t they at least wait until September and let us enjoy the summer? If the candidates wanted to improve things, they could begin by running respectful, truthful, educated campaigns, and then they can get the swing voters in the fall.
Paint your walls a bold color and friends will likely praise your creativity. Invest in a standout piece of furniture or striking work of art and your decorating is bound to earn compliments. But creating a noteworthy room with subtle, understated elegance is a bit more complicated.
Although climate change has been in the forefront of scientific discussion for decades, it seems only recently that the media and the public at large have begun a serious discussion about it.
An easement right gives a person license to use another person’s land for a specific purpose. The most common easements are used for installing utility lines and for wind farms. Most of the easement rights are express and implied. Others are created by permission.
THE BUILDING — La Sala, a Territorial-style meeting hall, was built in 1899 using the indigenous New Mexico adobe methods adapted from Native Americans and was in continuous use from the time it was built until the mid-1970s for community events such as dances, weddings, and family receptions. The structure expands on the traditional meeting hall dimensions of 20 feet x 60 feet with the addition of a stage at one end, which extends the overall length to 80 feet. The interior of the building is almost pristine with its original floorboards, bancos (benches), and door and window placement. The addition of a brick parapet also reflects the Territorial style. There is a traditional flat roof with a north-facing slope and canales (drains). La Sala de San José is one of the most important historic structures in the heart of the village of Galisteo. It is one of a small group of remaining dance halls in New Mexico, and upon completion of the project will be used for civic events.
Tourism in Santa Fe is a four-season affair. Summer may be prime time, but ski season, spring break, fall, and our magical end-of-year holidays bring vacationers from all over the country – and the world. Both long- and short-term (less than 30 days) rentals are increasingly popular with visitors, bringing incredible opportunities for investment-property buyers. You can achieve terrific cash flow and have your renters pay your mortgage – on 15-year mortgages!
What on earth is Instagram? It’s a social networking, mobile photo-sharing, and video-sharing service. If you are one of the 73 percent of adults already on social media to promote your business, service, or organization, then you have heard of Instagram. Yet you may not have had the time or inclination to explore another platform. If you are now more comfortable using your smartphone to make pictures and videos, then it is worthwhile to explore the power of Instagram.
This interview series focuses on the people in Santa Fe’s real-estate industry. Coleen Dearing is an associate broker with Coldwell Banker Trails West Realty and is president of the Santa Fe Association of Realtors.
Mary Jo Hoven, 31 Willow. $120,000.