Tag Archives: Armonk Real Estate for Sale

Armonk Real Estate for Sale

Pour a #Concrete Floor | #Armonk Real Estate

Concrete floors are a major component of many buildings, from homes and garages to shops and sheds. Pouring a polished concrete floor is hard work, and it takes skill, strength and tools. You may wish to have this job done by the best concrete contractors Yakima WA, but you can do it yourself. The tools can be rented at many rental places, and the skills are not very difficult to learn. If you’re undecided as to whether to do it yourself or have the job done by a professional, the following steps on pouring both a slab or in-foundation floor illustrate the basics and may help you decide.Well many of experts female also gives their opinion about concrete sealers,you can check her latest blog.

A concrete slab on which a building is erected is a fairly simple concrete pour, but it takes more work in creating the forms needed to hold the concrete. A pour within a foundation requires little in the way of forming, but in some cases can be a bit more difficult to pour, especially on larger projects. Regardless of the type of pour, or whether you do it yourself or have the job done, the first step is to check with local building codes and regulations, and acquire any permits needed.

The first step is to lay out the slab, making sure it is square. Batter boards and strings are used to establish the building perimeter.

Creating a Slab

First step is to lay out the slab. Take your time with this step and make sure you get it right. Lay out the slab incorrectly, and the building can be a nightmare. The slab must be square. Mark the outline of the building with stakes at each approximate corner. Drive a nail into the top of the stake and, using a tape measure, measure diagonally from stake to stake. The measurements must be equal. Move the stakes in or out to create equal diagonal measurements.

Another method is to place string lines on the nails to mark a rectangular perimeter. Measure and mark 3 feet on one string and 4 feet on the adjoining line. The distance between these two marks should be 5 feet. Again, move in or out as needed.

After the corners are determined and the building laid out square, batter boards are used to create a permanent perimeter mark at all corners. These will stay in place until the forms for the slab have been constructed. Two-by-4 stakes are driven solidly in place and boards nailed to their outer edges. The batter board tops should be level with each other. A string line and string level or laser level can be used to make sure all boards are level with each other. Once the boards are established, a string line is run for all sides of the slab. A plumb bob is used on the intersection of the strings to position their crossing points, or the building corners, directly over the nails on the original stakes.

Mark the outline of the slab with lime, following the string lines. Then dig up the area and remove sod and debris. The area is normally recessed slightly, but the top of the slab must be well above ground level or fill level. In many instances the slab is raised and soil filled in around it to create a slope to drain rainwater away from the slab. In some instances local codes may require a footing be poured before the slab. In other cases, a “stiffener” method may be used, digging a deeper area below the frost line around the perimeter of the slab

– See more at: http://extremehowto.com/pour-a-concrete-floor/#sthash.VRZgeUKm.dpuf

Sophisticated Modern in East Hampton for $4.5M | Armonk NY Homes

This gorgeous house is brand-new, just completed by high-end builder Chris Vila (yes, Bob’s son). Pretty much any amenity you could want has been included. Low-E walls of glass: check. Kitchen with high end appliances, right within reach of an outdoor grilling station and herb garden: yep. Six bedrooms, all ensuite: affirmative. Wine cellar: absotively! Outdoor living room with fireplace: indeed. Double-edged saline infinity pool: you have to ask? All this on 2.08 acres. · Modern Retreat With Village Convenience [Saunders]

Byram Hills students chosen for all-state and national music honors | Armonk NY Real Estate

Six Byram Hills High School students recently learned they would be performing in upcoming national and state concerts.

Senior Max Levy earned a spot in the 2013 All-National Honor Chorus sponsored by the National Association for Music Education. Five other students were chosen to perform with All-State ensembles organized by the New York State School Music Association:  Eden Gordon, Thomas Kelly and William Benish, who were selected for the Mixed Chorus; Nicole Weisner, who will sing in the Women’s Chorus; and Zachary Berro, who will play clarinet in the Symphonic Band. Berro was also selected as an Alternate for the Alto Saxophone. All are seniors except for Gordon, who is a junior.

“We take great pride in our musical ensembles here at Byram Hills High School,” Principal Chris Borsari said in a press release submitted on behalf of the school district. “It’s always gratifying to see outside adjudicators be as impressed with our students’ musical talents as we are.”

The students sing and play in a variety of high school music groups – including Choir, Jazz Choir, Jazz Band and Wind Symphony. They have sampled the school’s varied music offerings, taking courses ranging from Guitar Workshop to AP Music Theory, depending on their interests. What unites them is a love of music and performing, whether that means belting out a song in the school musical or singing the National Anthem at a home basketball game. If you want any information related to Music you should visit to caloundramusicfestival.com.au website. this History related info of music helps you to find the more history of music.

http://northernwestchester.lohudblogs.com/2013/09/26/byram-hills-students-chosen-for-all-state-and-national-music-honors/

Investors Plan to Reduce Purchases | Armonk Real Estate

Real estate investors are responding to higher prices by buying fewer properties in the next 12 months and holding their rental properties at least five years or longer, according to a national survey of real estate investors conducted by ORC International for MemphisInvest.com and Premier Property Management Group.

Investor purchasing intentions have changed significantly since ORC surveyed investors in August, when only 30 percent said they planned to buy fewer properties in the next 12 months than they did in the previous year. In the latest survey, the percentage of investors who said they plan to cut back on purchases in the coming year has risen to 48 percent. Only 20 percent of investors said they plan to increase purchases compared to 39 percent ten months ago.

While they may be buying fewer new properties in the year to come, over half of investors who own rental properties plan to hold them for at least five years or more. One-third, 33 percent, of investors plan to keep them for 10 years or more.

“Higher prices are reducing returns on investment and investors are responding by cutting back on their purchasing plans until conditions sort out. Fewer foreclosures, rising property values and competition from hedge funds are making it tough to find good ideals on distress sales,” said Chris Clothier, partner in MemphisInvest.com and Premier Property Management Group.

“On the other hand, investors are planning to hold onto their rental properties for at least eight to ten years and realize the benefits of rising rents and low vacancy rates. Cash flow is much more important than appreciation,” said Clothier.

Real estate investors play a major role in the national housing economy. Investors purchased 24 percent of all existing homes sold in 2012, a decline from 27 percent in 2011, according to the National Association of Realtors. The drop in purchasing intentions could result in a further decline in investor market share in 2013.

Single-family rentals are the fastest growing component of households, expanding over 25 percent since the 2005 peak in homeownership, according to Zelman & Associates. The number of renter-occupied singe family detached homes is about 11.4 million, almost 2.1 million (or 22 percent) higher than in 2006, according to the Census Bureau.

How those who do plan to make purchases will pay for them has also changed over the past ten months. In August, nearly one out of four investors said they will use all cash on their next purchase and the balance would use some form of financing. Today the percentage has increased to 37 percent. Most investors today plan to use a commercial mortgage.

“Cash sales make sense when prices are rising. They lower investors’ costs,” said Clothier.

About half of investors said real estate investing is harder today than when large numbers of foreclosures started five years ago. The entry of institutional investors into residential real estate is often cited as a source of competition for properties and a reason foreclosure inventories are shrinking, but only 13 percent of investors in the survey said the large competitors have impacted their businesses while 54 percent said they have experienced no impact at all.

However, more than half of the investors participating in the survey said they believe that five years from now there will more real estate investors than there are today.

“The reasons people invest in real estate-cash flow, passive income for retirement, exceptional return–will be as important five years from now as they are today,” Clothier said.

The study was conducted using ORC International’s CARAVAN Omnibus survey using both landline and mobile telephones on May 2-5/9-12/16-19 2013 among 3020 adults, 1,507 men and 1,513 women 18 years of age and older, living in the continental United States. Some 1,970 interviews were from the landline sample and 1,050 interviews from the cell phone sample.

 

 

Investors Plan to Reduce Purchases | RealEstateEconomyWatch.com.

Westchester May See Traffic, Transit Delays After Metro-North Crash | Armonk Real Estate

Westchester residents can expect chaos on highways and rail lines for at least the next week as crews continue to repair damage caused by Friday evening’s train collision in Fairfield County, Connecticut Gov. Dannel Malloy said Sunday evening.

“There are going to be substantial delays until we get this line back in full service,” Malloy said in a press conference. “Residents should plan for a week’s worth of disruptions. The delays will not be limited to mass transit, as more people get behind the wheel to drive and make their own connections.”

Metro-North warned customers that travel times will be significantly longer and trains will be crowded Monday. Customers should stagger their work schedule or seek alternative means of travel to get to work, Metro-North said.

About 30,000 train commuters are affected by the break in train travel in the Bridgeport-Fairfield area, Malloy said. Those commuters are expected to hit train stations in lower Fairfield County or Westchester County or to travel via Interstate 95 and the parkways to get to work or elsewhere Monday morning.

Connecticut will have 150 buses on the highways as train shuttles, in addition to the normal rush-hour traffic. Malloy also noted that the weather is expected to be wet Monday morning, causing more potential problems.

“If all of those were to get on the highway in single-occupancy cars, we will literally have a parking lot,” Malloy said.

 

Westchester May See Traffic, Transit Delays After Metro-North Crash | The Bedford Daily Voice.

Downpayments Fall to Three Year Low | Armonk NY Realtor

The median downpayment made by all homebuyers in 2012 was 9 percent, ranging from 4 percent for first-time buyers to 13 percent for repeat buyers.  The median down payment was the lowest since 2009 but still far above the levels during the housing boom, when nearly half of first-time buyers made no downpayment at all.

First-time buyers who financed their purchase used a variety of resources for the downpayment:  76 percent tapped into savings; 24 percent received a gift from a friend or relative, typically from their parents; and 6 percent received a loan from a relative or friend.  Eleven percent tapped into a 401(k) fund, and 6 percent sold stocks or bonds.  Ninety-three percent of entry-level buyers chose a fixed-rate mortgage, reported the National Association of Realtors.

Forty-six percent of first-time buyers financed with a low-downpayment FHA mortgage, and 10 percent used the VA loan program with no downpayment requirements.  Forty-two percent cut spending on luxury items to buy their first home, 35 percent cut spending on entertainment and 27 percent cut spending on clothes.

In 2005, the median first-time home buyer scraped together a down payment of only 2 percent to buy a $150,000 home .  Two years later, in 2007, the median downpayment by first-time buyers was still only 2 percent and 45 percent purchased with no money down – the same as in 2006. That year 43 percent of first-time home buyers purchased their homes with no-money-down loans.

After lenders tightened standards in the wake of the housing crash, the median downpayment soared , reaching 11 percent in 2010-2011. First time buyers put about 5 percent down in 2011. Repeat buyers, pooling equity with savings, typically put down about 15 percent.  Investment and vacation-home buyers have been paying higher down payments than those buying a primary residence. The median down payment for both was 27 percent, according to NAR’s 2011 Profile of Investment and Vacation Buyers.

“First-time buyers historically make small downpayments, but repeat buyers like to put down 20 percent if they can to avoid paying mortgage insurance,” NAR’s Paul Bishop said.  “The general loss in home value since the peak of the housing boom means many repeat buyers in recent years had to make smaller downpayments.  Fortunately, prices have turned up this year and are showing sustained increases, so we’re on the road to a recovery in home equity.”

High Prices Still Lock Middle Class out of Top Cities | Armonk NY Real Estate

A median-income household can only afford a median-priced home in 14 of the 25 largest metropolitan areas in the U.S., according to research released today by Interest.com, a Bankrate company. Detroit, Atlanta and Minneapolis are the most affordable metropolitan areas and San Diego, New York and San Francisco are the least affordable.

A median-income household can only afford a median-priced home in 14 of the 25 largest metropolitan areas in the U.S., according to research released today by Interest.com. Detroit, Atlanta and Minneapolis are the most affordable metropolitan areas and San Diego, New York and San Francisco are the least affordable.

“Despite all of the talk about how homes are more affordable than they have been in decades, buying a home is still a big challenge for many American households,” said Mike Sante, managing editor of Interest.com. “Dealing with rising expenses and stagnant wages is a struggle. Even after years of declining home prices and record-low mortgage rates, median-income households are unable to afford a median-priced home in nearly half of the metropolitan areas that we looked at.”

Most Affordable Metropolitan Areas*

1. Detroit (+45.32%)

2. Atlanta (+40.00%)

3. Minneapolis (+32.20%)

4. Phoenix (+23.67%)

5. St. Louis (+23.49%)

Least Affordable Metropolitan Areas*

21. Los Angeles (-12.52%)

22. Miami (-12.59%)

23. San Diego (-25.90%)

24. New York (-29.71%)

25. San Francisco (-32.76%)

*Percentage reflects how much the median household income in a metropolitan area exceeds or falls short of the income required to purchase a median-priced home in that area

To determine each rating, Interest.com gathered the median home prices in the 25 largest U.S. metropolitan areas and calculated how much financing would be required for a buyer with a 20% down payment. They entered that amount and city-specific data on 30-year fixed-rate mortgage rates, median household income, median property taxes, average homeowners insurance costs and average household debt into the “Required Income Calculator” on Interest.com. Finally, they divided the median household income for each city by the income required to finance the median-priced home.

Median Home Price Source: National Association of Realtors, Q2 2012 study of existing single-family homes [Note: Pittsburgh was not included in that study, so September 2012 data from Real STATS was substituted]

30-Year Fixed-Rate Mortgage Rate Source: Bankrate.com, weekly national survey from September 19, 2012 [Note: City-specific data was not available for Portland (Ore.), Sacramento and San Antonio, so the national average was used for those three cities]

Median Household Income Source: U. S. Census Bureau, 2011 American Community Survey, median household incomes by Metropolitan Statistical Area

Median Property Taxes Source: U. S. Census Bureau, 2011 American Community Survey, median real estate taxes by Metropolitan Statistical Area

Average Homeowners Insurance Source: National Association of Insurance Commissioners, 2009 average premiums by state [Note: average 2009 premiums for Texas cities were obtained from the Texas Department of Insurance]

Average Household Debt Source: Experian’s 2012 State of Credit Study [Notes: did not include mortgage debt; Interest.com calculated monthly debt payments using an 8% interest rate amortized over 60 months]