Connect with us

Real Estate

Want the best of both worlds?

Condo remodeling combines urban lifestyle and custom luxuries

Published

on

condo, condominium, real estate, gay news, Washington Blade
condo, condominium, real estate, gay news, Washington Blade

Condominium remodeling is now an increasing portion of some remodeling firms’ business.

Condominium living, particularly in urban areas, largely was a preference of Gen Xers who sought to be at the heart of city life with its conveniences and distinct culture. However, of late, empty nesters uninterested in maintaining large homes have been leaving the suburbs to dwell in urban neighborhoods.

Empty nesters’ entry into the condo market has spurred a home design trend as homeowners seek the convenience and accessibility of urban living, but without forgoing the amenities and finishes of their larger, custom homes. The trend is growing across the Metropolitan Area – including the District, Bethesda, Chevy Chase, Alexandria and McLean. Projects range from pull-and-replace kitchens to remodeled master suites to whole-unit renovations. Condominium remodeling is now an increasing portion of some remodeling firms’ business.

 

Finding, Evaluating the Right Unit

For those of you who are looking to buy a condo and are entertaining the idea of a remodel, keep in mind that each building is unique and some projects may be more feasible than others (even within the same building). Consider consulting someone who is an expert in your particular building before making an offer.

 

Love Thy Neighbor

If you recently have moved to a condo, you might appreciate this play on the old real estate adage: “Location, location, relationships.” Why the edit? Relationships are a key component to managing a condo remodel. A successful condo remodel project requires the delicate handling of a residential project and the complex systems of commercial building. Managing relationships with a condo board, building manager, engineer and others requires a specific skill set so be sure to work with a remodeler who has experience in the specialized job of condo renovations. Remodelers must address noise and debris regulations, access and tenant/worker safety, which are common issues with low- and high-rise residential projects. Strategic process and communication are critical to establishing and maintaining a good rapport with your new neighbors, building management and engineers.

Customizing Your Perfect Condo

Once you dive into the design phase, you’ll soon learn that one of the greatest benefits of condo remodeling is that the dollars previously spent on landscaping can instead be spent on finishes, appliances, flooring and the other interior comforts. Those dollars can go a long way in customizing ample storage, ensuring privacy for guests, replicating a beloved gourmet kitchen or making the space feel more open – all common concerns when transitioning from a single family home.

The current trend toward condo living is exciting. There are many possibilities for turning your condo unit into a condo home.

Josh Baker is the founder and co-chair of BOWA, an award-winning design and construction company specializing in luxury renovations, remodels and additions in the greater Washington, D.C. area. BOWA has more than 25 years of experience and has been honored with 170 local and national awards. Reach him at 703-734-9050 or visit www.bowa.com.

Advertisement
FUND LGBTQ JOURNALISM
SIGN UP FOR E-BLAST

Real Estate

City inspection codes: How easy is it to fail?

Be sure to check ventilation, smoke detectors, and more

Published

on

Landlords are required to install and maintain smoke detectors in their rental properties.

In the District of Columbia, rental properties are required to meet certain health and safety standards. These standards are set by the District’s Department of Consumer and Regulatory Affairs (DCRA).

If you own a rental property in the District of Columbia, you may be required to have your property inspected by the DCRA to ensure that it meets these standards. The inspection process typically involves a DCRA inspector visiting the property and checking for any hazards or code violations.

It’s important to make sure that your property is in good condition and meets the District’s health and safety standards, as failing a rental property inspection can have serious consequences. If your property fails the inspection, you may be required to make repairs or upgrades in order to bring it into compliance. If you are unable to do so, you may be forced to stop renting out the property until the necessary repairs are made.

Overall, the likelihood of failing a rental property inspection in the District of Columbia will depend on the condition of your property and whether it meets the applicable health and safety standards. To minimize the risk of failing an inspection, it’s important to keep your property well maintained and address any potential hazards or code violations as soon as possible.

In the District of Columbia, landlords are responsible for maintaining their rental properties in a safe and habitable condition. If a rental property is not in compliance with the city’s health and safety standards, the landlord may be cited for code violations.

Some common code violations that landlords in the District of Columbia may be cited for include:

• Lack of adequate heating or ventilation: Landlords are required to provide sufficient heating and ventilation systems to ensure the health and safety of their tenants.

• Electrical or plumbing issues: Landlords are responsible for ensuring that their properties have functional electrical and plumbing systems. All plumbing fixtures must be properly sealed, in other words, no holes in the walls. All water heaters require pressure relief valves

Structural issues: Landlords must maintain their properties in a safe and structurally sound condition.

Pest infestations: Landlords are required to address and eliminate pest infestations in their rental properties.

Lack of smoke detectors: Landlords are required to install and maintain smoke detectors in their rental properties. Detectors must be placed 36” from ceiling fan blades and away from the path of the HVAC registers.

Proper locks: All exit and security gate locks must be easy to operate and must not require a key to exit.

It’s important for landlords in the District of Columbia to be aware of these and other code violations and take steps to ensure that their properties are in compliance with the city’s health and safety requirements.

Scott Bloom is senior property manager and owner, Columbia Property Management. For more information and resources, go to www.ColumbiaPM.com.

Continue Reading

Real Estate

Top tax benefits of homeownership

Mortgage interest, property tax deductions, and more

Published

on

Thinking of buying a house? Here are some of the many tax advantages that come with homeownership.

As we are closing out 2023 and getting ready to start 2024, now is a good time to review what tax benefits most homeowners are getting. There are several categories that you can look at to see if you will benefit from being a homeowner. According to RocketMortgage.com, here are some of them:

  • Mortgage interest.  Most newer homeowners are paying more on the interest in their monthly mortgage payment than on the principal, so this could be a big tax benefit.
  • Home equity loan interest – HELOC (home equity line of credit) loans are like a 2nd mortgage on your home. Many homeowners can use it to make upgrades to their house and interest on these loans is deductible if you used it for that purpose.
  • Discount points – for those of you that purchased in the last year or so these may apply, as these are the price paid to lower an interest rate on a loan.
  • Property taxes – depending on where you live, your state and local property taxes may be a big source of tax deductions for you.
  • Necessary home improvements – even if you did not use a HELOC to improve your home, some of your expenses in this category may be deductible.
  • Home office expenses – as more and more people are working from home, this should not go unexamined in your search to find tax deductions.
  • Capital Gains – a capital gain is the difference between the value of a home when you sold it versus when you borrowed it. So, if you sold your home for a significant profit and did not roll over those gains into a new property within a short period of selling the old property, then ask your tax professional up to which amount of these profits are not taxable.

We asked Tina Del Casale ([email protected]), a DMV-area lender with Sandy Spring Bank, what she thought about the tax benefits of homeownership, and here is her answer:

“Most homeowners wish they knew sooner that most every major home improvement can reduce your future capital gains when you are ready to sell your home. While the deduction for a single person is $250,000, and for married couples is $500,000, the DMV has seen property appreciation that outpaces those numbers. So keep ALL your receipts for replacement items like your HVAC, windows, doors, roof, major landscaping and updating bathrooms and kitchens. You will thank me later! Of course most importantly consult a tax adviser for up-to-date information!”

Please don’t hesitate to reach out to either of us if you have more questions and happy holidays! Let’s get you home for the holidays.

Joseph Hudson is a Realtor with the Rutstein Group of Compass. Reach him at 703-587-0597 or [email protected].

Continue Reading

Real Estate

Celebrating friends and family at Thanksgiving

The kitchen is always a bustling hub during this festive season

Published

on

(Washington Blade photo by Michael Key)

By the time you read this article, you will likely have filled up on turkey, dressing, gravy and pumpkin pie. Perhaps you have unbuttoned the top button on your pants or are lounging in your sweats, watching football, playing board games, reading a new book, or braving the crowds at the shops on Black Friday. 

Maybe this is the day you buy a Christmas tree or bring one out of your storage area, intent on spending the weekend decorating and drinking hard cider. Perhaps you are celebrating Thanksgiving (or Friendsgiving) at someone else’s home, or they may have come to your place, where you will be the gracious host. 

Whatever your plans, Thanksgiving should be a time of gratitude and appreciation, offering a wonderful opportunity to reflect on the treasures within the sanctuary of our homes and the people who inhabit them, ruminating on things you are thankful for. 

Wherever you are and whatever your role, the kitchen is always a bustling hub during this festive season and holds an abundance of reasons to be thankful. It’s where the aromas of childhood family recipes waft through the air, promising a delectable feast and a weekend of leftovers. The communal act of preparing meals together can foster bonds that remind us of the importance of laughter and togetherness.

Within the walls of our homes lie spaces of relaxation and repose. The warmth of a cozy fireplace crackling softly, casting a gentle glow upon the walls, invokes a sense of comfort. It’s a haven that shields us from the briskness of the outside world and encourages moments of reflection. 

The soft embrace of a well-worn armchair or the inviting ambiance of a comfy sofa offer respite from the demands of the day. These items are more than just furniture; they become the cocoons where we can decompress and rejuvenate our spirits.

The belongings in your home, according to Marie Kondo, should spark joy. There may be a family heirloom passed down through generations, a gift from a special someone, or a shelf lined with well-worn and oft-read books that transport us to different worlds. These items, each holding a story or a memory, add richness and depth to the tapestry of our lives and the personality of our homes.

Outside, the surroundings also contribute to a sense of pride and accomplishment. The beauty of a well-tended garden, the soothing rustle of leaves in the wind, or the sight of a breathtaking sunset from the porch remind us of nature’s glory. These outdoor spaces offer a retreat, a canvas for moments of quiet contemplation and appreciation for the world around us.

For those embracing a full house during the holidays, ingenuity transforms shared spaces into impromptu sleeping quarters. Nooks and alcoves are repurposed, made comfortable with privacy screens or curtains, ensuring a sense of personal space in otherwise communal areas. 

Pull-out sofas in the living room transform seamlessly into slumber zones, outfitted with pillows and extra blankets. Air mattresses can turn any available space—a study, a home office, or even a cleared-out corner—into a peaceful resting place. The hidden Murphy bed has also resurfaced as a viable alternative and, if you’re really crowded, consider a hotel or Airbnb – for yourself or for your guests.

The essence of hospitality lies not only in the physical comforts but also in the graciousness of hosts. A warm welcome and attentiveness to guests’ needs contribute to the overall experience that transcends mere sleeping arrangements, creating an atmosphere of connection and camaraderie.

Beyond the confines of the designated sleeping quarters, the true magic of hosting overnight guests during the holidays lies in the shared moments, the spirit of togetherness, and often, the ability to hold one’s tongue during uncomfortable conversations. Instead, laughter echoing through the halls, late-night chats by the fireside, and the joy of being together should evoke the true essence of the season.

Whether you live in an apartment, a condo, a house, or are meeting in another location, it is family, friends, and neighbors who fill our lives with love, support, and companionship. Their reminiscences and shared experiences enrich our lives and make our homes not just a series of rooms, but places to forge new memories.

So, what are you thankful for? Me, I’m grateful that I have a roof over my head and healthy food to eat when others have none. I am thankful to have helped many clients find housing amid the neighborhoods of the DMV. I am delighted to have beloved pets to keep my spirits up.

But most of all, I’m thrilled that I don’t have to cook.

Valerie M. Blake is a licensed Associate Broker in D.C., Maryland, and Virginia with RLAH Real Estate / @properties. Call or text her at 202-246-8602, email her via DCHomeQuest.com, or follow her on Facebook at TheRealst8ofAffairs.

Continue Reading
Advertisement
Advertisement

Sign Up for Weekly E-Blast

Follow Us @washblade

Advertisement

Popular