Daily Archives: December 17, 2014

Icy Concrete Cottage in Slovenia is Surprisingly Ethereal Inside | South Salem Real Estate

 

k1.jpgPhoto by Janez Marolt via Dezeen

Though inspired by traditional Slovenian cottages, this stony abode near the Slovenian-Italian border is distinctly contemporary. Designed by Ljubljana-based firm Dekleva Gregorič Architects and completed earlier this year, the building dons a six-inch-thick concrete façade that’s been rendered extra rugged with irregular chunks of stone packed in. It’s also blessed with three large windows, surely an upgrade from the “almost windowless” stony houses typical of the region.

Inside, the 990-square-foot looks polished and lightweight, with the interior palette skews towards pale wood and white. Meanwhile, circulation across the second floor, which was created from inserting two wooden bedroom volumes near the gabled roof, is enclosed by breezy ropes and nets. Take a closer look.

 

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http://curbed.com/archives/2014/12/16/dekleva-gregoric-slovenia-karst-house.php

Universal Design Details You’re Forgetting | #Waccabuc Real Estate

 

When Rosemarie Rossetti lost the use of her legs in a freak accident in 1998, she and her husband Mark Leder focused on getting her well. Their experience has become a critique on traditional homebuilding and an impressive exercise in true universal design. Finding the home they lived in would never work for Rosemarie’s new needs, the couple was further discouraged by the dearth of universal design options offered by area builders. Their solution was to become general contractors themselves and built the ultimate universal design custom home.

Today, the Universal Design Living Laboratory is Rosemarie and Mark’s home and office, and an education center for builders, architects, and the public to learn how to create homes that work for all of their residents, no matter their age or ability. Products editor Lauren Hunter recently toured the UDLL and found a number of details worth sharing. Here are nine of her favorites.

Safe and Sound: Knox Box
In emergency situations, first responders will gain access to a home in the most efficient ways possible. If this means breaking down a door, so be it – unless you have a Knox Box. This mini safe works similarly to a lock box that a Realtor might use when showing a home. The fire department has a key to the Knox Box, which stores your emergency house key inside, allowing them to open a door properly rather than breaking it down. Because, as Mark points out, the last thing homeowners should be thinking about in an emergency situation is how much door replacement costs.

Outdoor Enjoyment: Planter Boxes
Adjusting to life in a wheelchair made Rosemarie’s love of gardening a challenge. Mark says chair-height planters bring the gardening to a convenient height for Rosemarie to roll up to and tend any time she likes. The landscaped back yard also incorporates paver ramps and pathways so the couple can enjoy all of its amenities together.

See Through: Multi-level Peep Holes
Traditional entry doors have peep holes positioned at a height between 60 and 66 inches. Consider adding a peephole at closer to 48 inches for wheelchair users, children, and homeowners short of stature. Or, let the door glass do the work for you. In addition to daylighting as a universal design benefit, the glass in this ProVia door has clear panes for viewing at three different heights in the door.

Cooking Confidence: Easy Access Burners
ADA-compliant ranges put the cooktop controls at the front of the appliance so users can access them easily without reaching over hot surfaces. The UDLL takes things a step further by installing individual burners side by side in the cooking area, eliminating the problem of hard-to-reach back burners. In this configuration, Rosemarie can easily and safely reach each cooking element, as well as vent hood controls.

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http://www.remodeling.hw.net/business/design/9-universal-design-details-youre-forgetting_o?utm_source=newsletter&utm_content=jump&utm_medium=email&utm_campaign=RDU_121714&day=2014-12-17

 

What Housing Policies are in the Tax Extenders Legislation? | #Katonah Real Estate

On December 16th, the Senate approved a one-year extension of the set of tax policies known as “tax extenders.” With the House of Representatives having previously adopted this extension, the legislation (H.R. 5771, which contains the “Tax Increase Prevention Act of 2014″) is now headed to the President, who is expected to sign the bill into law.

It is important to note that for most items in the bill, this one-year extension is for 2014.  The extenders then sunset again at the end of the year, and will be part of the tax policy debate in 2015.

A number of housing-focused policies are in the bill, including many items supported by NAHB. Homeowners, home builders, developers, remodelers, and other housing stakeholders are advised to review this list and consider which items may benefit their (or their clients’) taxes for the coming filing season.

All of the following items were extended for 2014 and then sunset at the end of the year:

  • Section 45L Tax Credit for Energy Efficient New Homes. Provides builders a $2,000 tax credit for exceeding energy standards by 50%. The base energy code is the 2006 International Energy Conservation Code plus supplements. Section 45L is expected to save home builders $267 million in taxes for 2014 construction activity.
  • Fixed Credit Rate for 9% Low Income Housing Tax Credit projects. The bill will renew the 9% LIHTC fixed rate, but only for 2014 allocations.
  • Section 25C Tax Credit for Qualified Energy Efficiency Improvements. This is a credit worth up to $500 (subject to a $500 lifetime cap), with lower caps for certain products like windows, for consumers to install qualified energy-efficient upgrades. Remodelers often leverage 25C tax credits when working with clients. Section 25C is expected to save home owners who remodel $832 million in taxes for 2014 improvements.
  • Section 179D Energy Efficient Commercial Buildings Deduction. Provides a deduction up to $1.80 per square foot for commercial buildings, including multifamily buildings built under the commercial code, that exceed specific energy efficiency minimums.
  • Section 163 Deduction for Mortgage Insurance. Allows taxpayers, subject to an income cap, to deduct premiums paid for private mortgage insurance and FHA/RHA/VA insurance premiums. The deduction for MI is expected to save home owners $919 million for tax year 2014.
  • Bonus Depreciation. Extends 50% bonus depreciation.
  • Section 179 Small Business Expensing. Increases the maximum expensing amount to $500,000 for qualified property on up to $2 million in property placed in service.
  • Mortgage forgiveness tax relief. The provision would eliminate any taxes home owners might face due to renegotiating the terms of a home loan, which might result in forgiving or canceling a portion of the outstanding mortgage. Applies only to principal residences and through the 2014 calendar year.

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http://eyeonhousing.org/2014/12/what-housing-policies-are-in-the-tax-extenders-legislation/

Mortgage Loan Rates Drop to 18-Month Low | Cross River Real Estate

 

The Mortgage Bankers Association (MBA) released its weekly report on mortgage applications Wednesday morning, noting a decrease of 3.3% in the group’s seasonally adjusted composite index for the week ending December 12. That followed a rise of 7.3% for the previous week. Mortgage loan rates fell on all loan types during the week.

On an unadjusted basis, the composite index decreased by 4% week-over-week. The seasonally adjusted purchase index decreased 7% compared to the week ended December 5. The unadjusted purchase index fell by 10% for the week and remains 5% lower year-over-year.

Adjustable rate mortgage loans accounted for 6.2% of all applications, down from 7.0% in the prior week.

The MBA’s refinance index rose from 60% in the prior week to 64%, and the market share for adjustable rate mortgage loan applications dropped to 6.2%.

The average mortgage loan rate for a conforming 30-year fixed-rate mortgage decreased from 4.11 to 4.06%, the lowest since May 2013. The rate for a jumbo 30-year fixed-rate mortgage decreased from 4.07% to 3.99%. The average interest rate for a 15-year fixed-rate mortgage decreased from 3.35% to 3.33%.

 

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http://finance.yahoo.com/news/mortgage-loan-rates-drop-18-122553203.html