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Affairs of the hearth

Sharing your wants, needs and finances with a Realtor

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real estate, for sale, gay news, Washington Blade

Have you had an affair this year?Ā  Open any newspaper or online news source and the odds are pretty good that youā€™ll be reading about someone elseā€™s.

There are foreign affairs and domestic affairs, love affairs and extramarital affairs, current affairs and political affairs and letā€™s not forget our countryā€™s financial affairs, which nobody in Congress seems to be able to straighten out.

Iā€™ve had many affairs of the heart, but at the end of the year I always think back on my affairs of the hearth: my real estate relationships with buyers and sellers.

The purchase of a home is probably one of the largest and most important business affairs you will ever be involved in. Itā€™s an emotionally charged process, where you share the intimate details of your life ā€” your wants, needs, finances and insecurities ā€” with relative strangers.Ā  Your own story may be a romantic comedy, a farce or a thriller with lots of twists and turns, but each time you buy or sell a home, you can be sure it will be An Affair to Remember.

The Meet Cute

Selecting your agent is the first step in beginning your affair with real estate. You may spy him across a crowded room at an open house or be attracted to his online photo. You may be introduced to her by friends or family, or share a smile in the checkout line at Whole Foods.

However you meet, your relationship begins with a hint of desire. Youā€™re excited about the prospect of finding a new home. Your sleep schedule suffers as you stay up late looking at listings on the Internet. You draw little hearts around your favorites and tell all your friends about them.

The Dating Game

On your first ā€œdateā€ with your agent you are a bit tentative about the information you share.Ā  Unlike a personal relationship, however, there is no such thing as too much information. Sharing personal data early helps to enhance communication and establish mutual respect and trust, which is a critical part of a successful future together.

Slowly, you introduce your agent to your circle of friends and family who want to meet this new person who is currently playing such a large role in your life. After all, these people care about your interests and you want them to like each other and work well together.

The Romantic Journey

During your next series of dates, your agent takes you to new heights, Columbia Heights, District Heights and places you have never been before. Boy meets condo. Girl meets house.Ā  You feel euphoric as you are being introduced to an entirely new world of light-filled spaces.Ā  Your eyes sparkle like granite countertops.

Your agent takes on the roles of educator, counselor, mentor and sometimes inquisitor to make sure you are informed and at ease, and when the time and place are right he asks if you are ready to make a commitment.Ā  Like Sally who met Harry, you shout, ā€œYes!Ā  Yes!Ā  Yes!ā€

The Rules of Engagement

Before you ā€œput a ring on it,ā€ your agent negotiates your pre-nuptial agreement. This document, also known as a contract offer, outlines the terms and conditions of your upcoming marriage.

You use the ensuing engagement period to conduct a review of your financial obligations, obtain a health check-up, see that you are properly insured and decide whether you are still in love. Soon you are ready for the wedding ceremony, where you signify your commitment to everlasting joy and debt.

Back to the Future

Will you outgrow your first love, divorce and move on or stay with your beloved forever as you grow old together? Will this be The End of the Affair? I doubt it.

Just as Thomas Crown had two affairs, one with Faye Dunaway and the other with Rene Russo, most of us will have more than one affair of the hearth in our lifetime. Look for the sequel in 2013.

Valerie M. Blake can be reached at 202-246-8602 or [email protected]. Prudential PenFed Realty is an independently owned and operated broker member of BRER Affiliates, Inc. Prudential, the Prudential logo and the Rock symbol are registered service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.Ā  Used under license with no other affiliation with Prudential. Equal Housing Opportunity.

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Real Estate

Avoiding the basement blahs

Renovating a lower level can add significant value to your home

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Basement renovations often include home gyms or movie theaters. (Photo by pics721/Bigstock)

Sadly, we have waved goodbye to summer and are now slowly shifting from enjoying outdoor activities to things we can do indoors. If you are lucky enough to have a basement, renovating it into livable space can be a great winter project to dramatically increase the functionality and value of your home. 

Basements come with unique challenges due to their location below ground level, and overlooking critical aspects can lead to long-term problems. They are particularly vulnerable to dampness. Failure to address moisture can lead to mold growth, structural damage, and health hazards.

To tackle moisture control, start by checking for water leaks or seepage through the walls and floor. If moisture is present, you may need to apply waterproofing solutions to the exterior or interior walls of your home. Installing a vapor barrier is advisable to prevent condensation from damaging insulation and walls.

Make sure the basement has proper drainage systems, such as a sump pump and foundation drainage. The sump pump can remove water that collects around the foundation, while an effective drainage system redirects water away from the home. Installing a dehumidifier can also help. 

Basements also tend to be colder than the rest of the house. Proper insulation in the walls and floor helps regulate temperature, reducing heating costs in winter and maintaining a cool, comfortable, and energy efficient environment in summer. Insulating the ceiling can reduce noise transfer between the basement and the upper floors, making the space quieter and more private.

Before any significant work begins, it’s crucial to assess the basement’s structural integrity. This includes checking the foundation for cracks or signs of shifting, which could indicate a bigger problem, particular with the plethora of old houses in the area.

If you notice any large cracks or signs of movement, consult a structural engineer or foundation expert to determine whether repairs are needed. Small cracks can be sealed, but larger ones may require reinforcement or more extensive foundation work.

Depending on local building codes, you may need to install egress windows if you are adding bedrooms or turning the basement into a rental unit. Egress windows provide an escape route in case of emergencies and allow more natural light to enter the space, making it feel more welcoming.

When adding a bathroom or kitchen, youā€™ll find that installing plumbing in a basement can be more challenging because of the need to pump wastewater upwards. You may need a macerating toilet system or a sewage ejector pump to manage this. I learned this the first time I found that, contrary to what we have been told, water can indeed travel up.

Adding more outlets, lighting, appliances, and ventilation systems may necessitate electrical upgrades. Since basements are often unfinished, you may have exposed wiring, which should be properly enclosed or rerouted to meet code. Depending on the scope of the renovation, you might need to upgrade your homeā€™s electrical panel to handle the increased demand.

Proper ventilation is often overlooked in basement renovations but is essential for maintaining air quality and preventing the buildup of stale air or harmful gases. Installing mechanical ventilation, such as an HRV (Heat Recovery Ventilator) or an ERV (Energy Recovery Ventilator), can help ensure a consistent flow of fresh air in the basement.

Radon, a naturally occurring radioactive gas, can enter homes through cracks in the foundation. Since radon exposure is a leading cause of lung cancer, itā€™s wise to test for it before beginning the renovation. If elevated levels are detected, you may need to install a mitigation system.

Once the technical aspects are addressed, focus on creating a functional and aesthetically pleasing layout. The design of your basement will depend on how you plan to use the space, whether itā€™s a guest room, home theater, office, workout area, or game room.

Since natural light is limited in basements, it is important to plan your lighting carefully. Recessed lighting is a popular choice because it doesnā€™t take up ceiling space, but you should also consider adding floor lamps and sconces to make the space feel brighter and more inviting.

Choose flooring that can withstand moisture, such as vinyl planks, tile, or sealed concrete. Since basements can double as storage areas, consider incorporating built-in shelving, closets, or under-stair storage to maximize the available space.

Whether doing it yourself or hiring professionals, renovating a basement is a rewarding project that can add significant value to your home, but it comes with challenges. From moisture control and insulation to plumbing and air quality, careful planning is crucial to ensure a comfortable, functional, and safe space to enjoy indoor hobbies and emerge from winter free from the Basement Blahs.


Valerie M. Blake is a licensed Associate Broker in DC, MD & VA with RLAH Real Estate / @properties. Call or text her at (202) 246-8602, email her at DCHomeQuest.com, or follow her on Facebook at TheRealst8ofAffairs.Ā 

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Real Estate

The new kids on the block

Homeowners now entering market on own terms

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(Photo by Maridav/Bigstock)

As interest rates begin to cool off for the first time in a few years, prospective ā€œfirst time homebuyersā€ may have their wheels spinning again about whether itā€™s a good idea to buy a home. Still, the idea of home ownership may feel out of reach for some; historically, the prevalence of homeowners has been low in certain subsets of the population. It wasnā€™t until the 1900ā€™s that laws were enacted to grant women and people of color equal access to property ownership:

1968: The Fair Housing Act prohibited discrimination in home buying, homeownership, and rental real estate based on sex, race, religion, and other protected classes. 

1974: The Equal Credit Opportunity Act (ECOA) prohibited discrimination in consumer credit practices based on sex, marital status, and other factors. This made it easier for women to buy homes by allowing them to apply for loans and credit without a male co-signer. 

Even with these laws in place, socioeconomic disparities and lack of access to generational wealth have slowed progress in this area. Generational wealth occurs when resources are passed on to family members when the family homeowner or the head of household passes away. In areas like D.C. this type of asset can be worth hundreds of thousands of dollars, and can be used to pay off student loans, help younger members of the family purchase their first or second homes wherever they live, or be invested in other ways. 

While this may have been the key to buying property in the past, people today are pursuing homeownership for themselves and their own means ā€” especially women. Many real estate agents in the D.C. metro area can testify that they are working with individuals who are the first in their family ā€” and often the first woman in their family ā€” to buy a home. The days of waiting until marriage to invest in property are slipping away; these days people marry later, may not stay married, or may choose not to marry at all. ā€œI didnā€™t consider buying a home at first, because I didnā€™t really see myself as a ā€œtypicalā€ homeowner; I was single and wasnā€™t sitting on a stockpile of cash,ā€ says Jordyn White, a D.C. resident who bought her first home at 29. ā€œA trusted friend encouraged me to explore first-time homebuyer programs, and Iā€™m glad I did. My monthly mortgage payment is similar to what I would likely pay to rent in the same area, and now I have created a path to generational wealth for my children.ā€

The rates of homeownership for people of color and women are steadily rising. A 2023 Pew Research Center survey using 2022 census data found that single women owned 58 percent of the nearly 35.2 million homes owned by unmarried Americans, while single men owned 42 percent. Single homeowners have peace of mind in knowing that they own assets by themselves.  

Compass real estate agent Katri Hunter has helped many of her clients buy their first home. She reports, ā€œI find more and more that I have single clients that approach me in their early/mid-30’s and say that they thought they would be buying their first property with a significant other and then decided to take things into their own hands ā€¦ I tell people all the time to consult an estate planner when and if they do decide to get married to discuss pre-marital assets and keeping those in their own name. I think people really take more pride and ownership buying property on their own rather than something they dread.ā€

Katri Hunter can be reached at [email protected]. JosephĀ Hudson is a referral agent with Metro Referrals.Ā He can be reached at 703-587-0597 orĀ [email protected]

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Real Estate

Ensuring safer water in rentals with ā€˜Lead Free DCā€™ initiative

An excellent opportunity for landlords to replace old service lines

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Clean drinking water is essential and as a landlord there are programs to assist. (Photo by gamenacom/Bigstock)

Maintaining a safe and healthy environment for your tenants is a top priority as a landlord in the District of Columbia. One critical aspect of this responsibility is ensuring the water in your rental properties is free from lead contamination. The “Lead-Free DC” initiative, led by DC Water and supported by the District of Columbia, offers an excellent opportunity for landlords to replace old lead service lines and contribute to the broader effort of safeguarding public health.

Why Lead-Free Water Matters

Lead exposure is a serious health concern, particularly for young children and pregnant women. However, even in rental properties where no small children currently reside, lead in drinking water poses an ongoing risk to all occupants. Long-term exposure to lead can lead to various health issues, including cognitive impairment, cardiovascular problems, and developmental delays. As such, addressing lead pipes is not just a matter of compliance but a strategic investment in the long-term value and safety of your property.

Resources Available to Landlords

The District of Columbia, through DC Water’s “Lead-Free DC” initiative, provides several resources to help landlords replace lead service lines:

1. Free Pipe Replacement: DC Water offers free replacement of lead pipes on public property, such as the pipes running under streets and sidewalks. This service is available to all property owners, including landlords, and significantly reduces the cost burden of making your rental property lead-free.

2. Partial Replacement Assistance: For lead pipes on private property (e.g., those running from the property line to your building), DC Water offers partial financial assistance. The cost to replace these pipes is typically shared between DC Water and the property owner, reducing the overall expense.

3. DC Lead Pipe Replacement Assistance Program (LPRAP): This program specifically helps low-income residents replace lead pipes on their property at no cost. While it primarily targets homeowners, landlords with qualifying properties may also benefit from this program.

4. Federal Programs: The U.S. Environmental Protection Agency (EPA) and the Department of Housing and Urban Development (HUD) provide grants and low-interest loans to property owners for lead hazard reduction, including pipe replacement. These programs can further alleviate the financial burden associated with removing lead from your rental properties.

Strategic Value of Going Lead-Free

Investing in lead pipe replacement is a strategic move that offers significant long-term benefits:

ā€¢ Increased Property Value: As awareness of lead-related health risks grows, properties with modern, lead-free infrastructure are likely to become more desirable and command higher market values.

ā€¢ Tenant Retention and Attraction: Tenants increasingly prioritize health and safety in their living environments. A lead-free property can be a key selling point, helping you retain current tenants and attract new ones.

ā€¢ Regulatory Compliance: As regulations surrounding lead in drinking water continue to tighten, staying ahead of the curve can save you from potential legal issues and costly retrofits in the future.

ā€¢ Community Contribution: By participating in the “Lead-Free DC” initiative, you are not only protecting your tenants but also contributing to the broader effort of making the District of Columbia a healthier place to live.

Understanding Potential Costs

While much of the pipe replacement work is covered by DC Water and other programs, there may be some additional costs to consider. For example, once the old lead pipes are removed, the area where the pipes were accessed might need restoration. This could include patching up driveways, sidewalks, or landscaping around the foundation of your property. Although these costs are relatively minor compared to the health and safety benefits, it’s essential to budget for them when planning the work.

A “No-Brainer” Decision for Landlords

Replacing lead pipes is more than just a necessary updateā€”itā€™s a no-brainer decision that will pay dividends in the long run. The peace of mind that comes from knowing your rental property is free from lead risks is invaluable, and the potential increase in property value and tenant satisfaction makes it a wise investment.

Take advantage of the resources available through the “Lead-Free DC” initiative and other programs to ensure your rental properties offer safe, lead-free water for all tenants, now and in the future.

Further Access Information for Readers:

DC Water – Lead-Free DC Program:

https://www.dcwater.com/resources/lead

This page provides detailed information about the Lead-Free DC initiative, including how to apply for pipe replacements and available assistance programs.

DC Water – Lead Pipe Replacement Assistance Program (LPRAP):

https://www.dcwater.com/lprap

This page offers insights into the Lead Pipe Replacement Assistance Program, focusing on how low-income property owners can receive help in replacing lead pipes.

EPA – Lead in Drinking Water:

https://www.epa.gov/ground-water-and-drinking-water/basic-information-about-lead-drinking-water

This URL covers essential information on the risks of lead in drinking water and federal programs available to help property owners.

Scott Bloom is owner and Senior Property Manager of Columbia Property Management. For more information and resources, go to ColumbiaPM.com.

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