American Home Week 2010

8/9/2019 American Home Week 2010

1/12

Making Another Dream Come True 6260 Riverside Plaza LnAlbuquerque, NM 8712

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S u n d a y, a p r i l 11 , 2 0 1 0

Albuquerque Journal A Special Supplement

H ome Week American


2/12

Sunday, April 11, 2010 American Home Week

reparation eases way for first-time home buyersnda Schoenberg

Staff Writer

uying a home is the biggestinvestment most peoplemake and that oftenmakes it the most stressful,

larly for first-time home.wing what to expect, from theeeded to close to the pages of ents that need to be signed,ake the process go smoother,lythe Camenson, a Realtorentury 21 Camco who alsotes homes.-time home buyers can still from an $8,0 00 federal taxf they hurry. First-time, including people who haventa home in three years andss than $125,000 a year,alify if they sign a bindingct by April 30 and close by0.he watched her rent climbly $1,000 a month last year,

a Latham decided it wasbuy. Latham, a divorcedmother, learned she wase for the tax credit becausednt owned a home for years.ng with Camenson, she startedcess in July and closed on her

uerque home in September.hadnt ... jumped on it, I think

d have regretted it, saysm, who works in professionalpment at the Center for theion and Study of Diversetions at New Mexiconds University.

n for buyers who miss thene, Camenson says it is a

s market in New Mexico.ce the credit expires, its not thethe world, she says.

re-approvedfirst step is to get pre-ed for a home loan by findinggage broker or choosing ar who can suggest a broker,amenson.

You dont want to find somethingyou love and not be able to buyit, says Erik Nore, director of homeownership for the New MexicoMortgage Finance Authority, whichprovides housing financing for low-to moderate-income New Mexicans.

There are two options pre-approval and pre-qualification. Topre-quali fy, buyers provide limitedinformation and an estimate of creditscores.

At Premier Choice Mortgage inAlbuquerque, co-owner and loanoriginator Rob Burdick prefers toskip straight to pre-approval, whichprovides a complete assessment of buyer finances. For pre-approval,buyers must verify their assets withbank statements, provide salaryinformation and authorize a creditreport check.

Most loans require a credit scoreof at least 660, Burdick says. For

buyers worried about credit, Burdickrecommends speaking with a brokerto identify solutions. Many first-timebuyers use a high percentage of theiravailable credit, he says. One solutionis to pay down debt on credit cardswith low limits. He tells clients not toopen or close credit lines, which canhurt their scores.

Once buyers are pre-approved, theywill know how much they can affordand can start looking for a home.

Mortgage brokers also help buyersdecide on a loan. People who havesaved 10 percent to 15 percent of thecost of their home usually choose aconventional loan, Burdick says.

To qualify for a Federal HousingAuthority loan, buyers cantpurchase homes worth more than$271,050. They also need a 3.5 percentdown payment.

In the Albuquerque metro area,first-time home buyers who earn less

than $55,900 for one to twomay qualify for a first mortand down payment assistanMFA, says Nore.

First, not last homeWhen she works with bu

Camenson asks them what house and neighborhood th

Especially for first-timers, reminds them that this maydream home but a step towa

She also encourages buyeconsider whether they will bresell the house when theyto move to a new home. Fora Downtown condo may apyoung, single man but not t

This is their first home, last home, she says. You hbuy smart.

Camenson advises most buyers against fixer-uppersmajor repairs, which can quspiral out of control.

With Camensons help, L

says she learned to look beyaesthetics to evaluate the ba home. She said, Dont lofurniture. Dont look at the

look beyond it. Does thecomfortable?

Latham used her tax credpay for some renovations, wCamenson handled.

I was able to create my ldream home, she says.

Negotiations beginOnce buyers find a home

to purchase, real estate agea purchase agreement that msigned by the buyers and se

That is far from the end oprocess, says Camenson. Ththree phases of negotiation buying a home. The first is of the home, which is determpurchase agreement.

Other negotiations revolvthe inspection report, whichturn up unseen problems lik

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Patricia Latham, outside her Albuquerque home, qualified for the $8,000 fed-

eral tax credit for first-time home buyers because she hadnt owned a homefor years.

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Sunday, April 1American Home Week

First-time home buyers can still benefit from an $8,000 eral tax credit if they hurry.

of the sellers put off , and the appraisal.me doesnt appraiseprice a buyer offers, ar will renegotiate the

r the purchasement is signed, ity takes four toeks to close, saysnson.w days before closing,walk through the

one last time. If theyproblem, buyers can

put off the closing, she

ers should makeas and utilities aren and turned over toame. Water bills ared by the title company.

ally the day beforeg, buyers find out howmoney they need toBut that doesnt meanhould run out and hire

a moving van. Buyers dontget keys until funding when a mortgage companyreleases funds and the deed isrecorded, which can happenthe same day as the closingor within a few days.

As negotiations stretchon and moving boxes loom,buyers should expect stress,says Camenson. She advisesthem to let real estate agentshandle as much of the stressas possible.

Know that it wont lastforever, she says.

Burdick reminds buyersof the sheer number of people involved in anyhome purchase, includingmortgage brokers, realestate agents, underwriters,appraisers, inspectors andtitle company people.

Thats a lot of people withtheir own ideas and needs,Burdick says. Youve got tobe ready to be the target of alot of shooters.

rst-timers should expectess as deal nears closureGE 2

Mortgage$aver first-timebuyer loan

to qual y or h N wM x co Mor gag f nancAu hor ys Mor gag $av r

rs - m hom buy r loan:

1. Buy rs canno hav

own d and l v d n a homor hr y ars.

2. in Albuqu rqu , buy rsmus arn l ss han$55,900 or on o wop opl .

3. Buy rs canno sp ndmor han $237,000 on

h hom .

4. Buy rs mus l v n hhom a r purchas ng .

5. th hom mus b as ngl un ; canno ban ncom -g n ra ngprop r y.

Sourc : er k Nor , MfA

STAFF

S ection editor : Judy Giannettinod eSigner : Susan Vogle

c opy editorS : Gayle Geis, Helen Ta

ON THE COVER:A New Haven Homes house with an outdoor grilling

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Alfresco optionlders accommodatee of the outdoors withhens, living areas

Mahoneyournal

s spring. That means mealreparation, dining and entertainingan shift to the outdoors in New

Mexico and remain there for thepart of the year.om builders have moved far beyondng a gas stub for a barbecue grill

where on the back patio and callingutdoor kitchen. Instead, that grill,can cost anywhere from a fewd to several thousand dollars,

come one of several centerpiecesutdoor living area that includesine kitchen alongside dining, andng, spaces.

tdoor living areas complete withr kitchens are one of the mostted features we include in our

m homes today, says builder Billlds, president of New Haven Homes.t, I cant think of a home we have

n the last five years that did notsize the outdoor living and cookingas a major design feature.kitchen, think beyond the olde-powered grill that once churneddogs and steaks. Todays outdoor

ns, usually positioned under theion of a portal or roof, can include

hing from refrigerators to built-invens.

dy countertops, storage cabinets,r sinks and ventilation fans toaway the smoky evidence of grilledrgers have become standards in many upscale outdoor kitchens.grill itself may include featuress rotisseries, griddles, side burners

mokers, and might perform aude of functions ranging fromg pork chops to baking a cake.e folks love family dinnersrs; others like the casual

entertaining options that seem to comenaturally in an outdoor setting. Stillothers prefer outdoor cooking in thesummertime as a way to keep the interioroven turned off and the home cooler.

Larger spacesCustom builder Jim Maduea, owner of

Placitas-based JG Maduea Homes, saysthe mountain and mesa views so soughtafter in Placitas have been the inspirationfor what he calls sub-spaces within hiscompanys outdoor design plans.

Many of his homes have not onlycovered outdoor kitchen and diningspaces, but also additional patioextensions that open up to the night skiesand invite family and guests to gatheraround an outdoor fireplace or fire pitwhen the dining portion of the eveningis completed. Maduea has constructedhorno ovens and bancos as well.

Adds Reynolds, Weve includedwood-burning pizza ovens, fireplaces,swimming pools and water featuresto complement the outdoor living andkitchen outside. That means that we arenow designing outdoor living areas largeenough to include cooking areas, diningareas and lounge areas furnished withoutdoor sofas, chairs and tables. Spaceslarge enough to accommodate pool tablesor pingpong are also common.

Just about every outdoor kitchen andliving area now includes a space for thelarge flat screen TV along with a speakersystem for music.

Upscale kitchen features include prepsinks alongside bar tops for sitting andeating, refrigerators, freezers and largework areas. The proximity of the outdoor

living space to the rest of the home shouldbe a primary consideration, according tothe builders.

Perhaps the most requested featurewe are including in several of our designsis a large glass pocket door system,which when open completely disappears,blurring the distinction between indoorand outdoor living spaces, says Reynolds.

courtesy JG Madue

Outdoor grilling areas include more than just barbecue grills thesedays. Sinks, refrigerators and more are common. This is a house byJG Maduea Homes.

courtesy new Have

This New Haven Homes house has an outdoor living area and a vieSee WITH on PAGE 12

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heck references, ask questionsefore deciding on a contractor

y Van Clev eournal

urke Denman,president of theSanta Fe design andconstruction f irm

an & Associates, likesprospective clients aof information withof reference when heoached about buildinghome. He is delightedhomeowners make-up phone calls toon his references.nt take letters of

nce at face value,enman, who hasuilding homes

w Mexico sinceHomeownerscall a bui lders

nces, particularlybcontractors andcts. These are theworking with the

ctor day in and daythey have a goodnship with thector after repeatedlythrough the buildings together, that sayshan anything elsehe builder.

ding a good, reliabler takes time andes homeownersheir homework.owners need to knoweir builder is not only

skil led at what he ores but also fiscallysible and meticulousfollowing the law whencare of business.

asking the right kindsstions before signingdotted line, thes of building a homepositive for all parties

ed.

Once a contractorsreferences have beenchecked out, Denman saysits time to dig furt her.

Talk with the contractorsbanker, he suggests. A

contractor should have agood line of credit with hisbanker. The contractorshould not ask for a big downpayment at the beginningof the project. If he does , itsuggests he doesnt have agood relationship with hisbanker.

Go to the state

Before selecting acontractor, verify his orher license number bycontacting the ConstructionIndustries Division of thestate Regulation & Licensing

Department (www.rld.state.nm.us/cid). The office is a lsoa good place to find out if there are complaints about abuilder.

You want to be sure thata contractor or remodelercarries general liabilityinsurance (that coversbodily injury and propertydamage during the courseof work) and workmanscompensation, says JimFolkman, executive vicepresident of the HomeBuilders Association of Central New Mexico. You

also should get a writtenlien waiver from the bui lder.In case the builder doesntpay his subcontractors,the lien waiver protectsthe homeowner from beingresponsible for these bills.

Folkman has a list of questions he thinks areimportant to ask a contractoror remodeler before the work

begins.Find out if the work is

guaranteed and to whatextent it is guaranteed,he says. Ask if al l thenecessary building permits

will be obtained, and thenask to see them. You alsowant to know who is incharge of the job so youknow the person to speakwith if there is a problem orquestion.

If youre working witha remodeler, find out howyour home, children andpets will be protected duringthe construction process.Cleanup is important,especially if you live in aneighborhood. Ask how theremodeler or builder is goingto handle the cleanup at theend of the project.

Hire a team

Sometimes, homeownersgo through the processof selecting a contractorafter they begin workingwith an architect. Denmanrecommends hiring both atthe same time so they canwork as a team.

Ive seen architectsgreatly underestimateconstruction costs,says Denman. Its nottheir expertise to knowconstruction costs the way a

builder does.The best way to avoidconstruction cost overrunproblems, Denman says,is to make drawings of allchanges to the original plansand get estimates from thebuilder in writing. After bothparties sign and date thedocuments, staple them tothe original contract.

Always make changes on

paper first, he adds. Dont just talk about them andthen make them in the f ield.Ive known homeownerswho thought a constructionchange was going to cost$2,000, based on what thebuilder said to them inconversation. When they gotthe bill, the change reallycost $12,000.

Even if a build

stellar reputationrecommends payattention to intuittrying to choose person for a job.

Ask yourself you would actuaworking with thahe says. There clot of joy in the bexperience.

eddie mBurke Denman, president of Denman & Associates in SantFe, says homeowners looking for a builder should check reences. Denman is shown here near an 18-kilowatt photovoltaic system his company is installing for a home in Santa F

Finding a reliable builder takes time and requires homeownto do their homework.

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lean and simple set stage, right tone for selling a housePattesonndo Sentinel

Want to sell your home?Get out the bucket, mopand Mr. Clean.

The key to making ae first impression is simple,andra Rinomato, host of s popular Property Virgins

t it clean, clean, clean.our house isnt clean, itly sends up negative thoughtse home is not well-maintained.house is spot less, youre

of the game, she says.dont stop there, advisesato in a telephone interview

from her home in San Diego. Toincrease your chances of making asale, stage the house to make it asattractive as possible.

Until recently, staging meantpulling out all the stops setting thedining table with your best china andcrystal, arranging flowers, lightingcandles, she says. Now we takethe minimalist approach. Basically,

you want to strip the house to itsbare essentials, depersonalize it, sopotential buyers can superimposethemselves and their lifestyle on thehouse.

Rinomato offered these tips forstaging a home:

n Visit model homes and examineshelter magazines for inexpensive

decorating ideas. Always keep inmind you arent decorating foryourself but for the general public.

n Start with the outside. Give thehouse a fresh coat of paint, add shinyhardware to the f ront door and planta few flowers to send a subliminalmessage the house is loved and wellcared for.

n Declutter every room to make

it look larger. Get rid of familypictures, trophies, knickknacks.Closets and drawers should be nomore than 30 percent full.

n Invest in eco-friendly but brightlights. Open the drapes or removethem completely. Light, brightrooms give the impression this is ahappy place and everyone wants

to move into a happy place,Rinomato.

n Feature only a few piecfurniture with mainstream Pull pieces away from wallrooms look bigger.

n Make sure a rooms priis obvious. A bedroom shoulike a bedroom, not an officcenter or gym.

n Bedrooms and kitchendifficult to stage because thin daily use, but make the eClear everything off countenightstands, roll up the rughide the laundry hamper. Bcabinets with car wax and c

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Melissa W. Saishe Journal

Steady growth inAlbuquerque areahomes sales andmoderate increases

ew construction areected by local observers

mark the housing market2010.ebruary statistics fromGreater Albuquerqueociation of Realtorswed steady growthnth over month andr over year in the areassting single-familyached home sales. Closeds increased in Februaryling 380, up 8.8 8 percent

m Januarys 349 and a79 percent jump from lastrs 343 sales. The average

mber of days to sell a

me was 82, a 14.58 percentp from last years 96rage days on the market.This is what we want to nice, steady growth,s Mark Pando, presidenthe Greater Albuquerqueociation of Realtors. Wek to have steady growthyear and hope to get

k to a normal market in1 and 2012.

Yearly home sales in theuquerque area peaked005 with 12,943 homes

d. That number dropped,866 in 2007, and by 2009

s had plummeted to45.ooking up for 2010,ruarys pending salesnced to 779, a

7 percent increase fromuarys 740 pendings. The jump represented

a 46.98 percent increasecompared to February2009 when pending salesnumbered 530.

Rio Rancho made hugestrides in pending sales

and closed sales duringFebruary. The areaspending sales jumped to 149,a 104.11 percent increasefrom last years figure of 73.Closed sales bounced37.35 percent to 70, up from

51 in February 2009.The A lbuquerque areas

new listings in February of 1,349 dropped 5.93 percentfrom Januarys number of 1,434. The new listings sawa year-over-year increase of 6.05 percent from February2009, which posted 1,272 newlistings.

Prices still down

Sale prices continuedto decrease. The mediansale price the price atwhich half the homes sellfor more and half for less was $169,950 in February,compared with $172,240in January and $184,900 ayear earlier. The average,which can be skewed by thesale of a few homes at priceextremes, was $206,6 54, up

from $205,624 in Januarybut down from $209,515 ayear ago.

Right now is a greattime for buyers enteringthe market, Pando says.Interest rates are at an all-time low and the deadline toget the housing tax credit isapproaching.

The federal governmentsExtended Home Buyer TaxCredit allows a credit of up to $8,000 to first-timehome buyers purchasinghomes between Nov. 7,2009, and April 30. Current

homeowners selling ahome they have used for aprimary residence for fiveconsecutive years of thepast eight and purchasinga home until April 30 canqualify for a credit of up to$6,500.

Youre getting myour money right nthe tax credit adds that fire, Pando sa

Total homes on thit 4,929 in Februafrom 4,766 in Janu

down from 5,373 lJim Folkman, exvice president of thBuilders AssociatiCentral New Mexihe expects a 20 perto 30 percent increnew home construc2010. The number family housing staAlbuquerque area totaled 1,669, dow1,874 in 2008. Houhave fallen steadily2005, when constrbegan on 8,815 new

I think its goin

closer to 2,00 0 stawhich we can attribcontinued good intrates, continued anincreasing demandhome buyer tax creFolkman says. Anthe job market stabthe housing marketback to a more conlevel.

Folkman says thneed to of fer comppriced homes is drconstruction to outareas like AlbuqueWest Side, Los Lun

Rio Rancho. The the land has got to enough to get the pdown, Folkman samedian home priceand the average hois down significantthats where the ma

Steady growth forecast for Albuquerque market

JOURNAL FILE PHOTO

New home construction in 2010 is expected to increase20 percent to 30 percent this year, according to Jim Folk-man, executive vice president of the Home Builders Associa-tion of Central New Mexico.

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nterest in universal design increases as population age

Katz

com

hose stairs you ranup so quickly whenyou were 40 years oldcan be depressingly

t age 70. And thenthe pain that wafts

h your wrist andevery time you turn

faucet or twist anob.be you should take upfer to move in withhildren.n again, maybe not.y seniors can age in experts say, providede willing to modifyomes to recognize andhe physical challengesn be associated with

ng older.earlier you think aboutg those changes, the

rd has gotten out to thers, says James Joseph

one of the millions of cans born in the post-War II baby boom whow ages 46 to 64.l, an internationallyted design consultant50-plus market, calls

evolution, one that isg greater interest in

sal design, a methododeling or buildingto accommodate thoseant to remain in theireven as t hey developated ailments.ders, home remodelerssigners are payingon, he says.perceptions of

homeowners in their late 30sand 40s are shifting, too.

The silver marketexplosion reflects thecountrys changingdemographics.

In the late 1930s, therewere fewer than 7 millionolder Americans. By 2004,more than 3.5 million baby

boomers had turned 55, andby 2012, there will be morethan 100 million Americansage 50 or older.

Pirkl is a professoremeritus of industrialdesign and past chairmanof the department of designat Syracuse University.He is executive director of Transgenerational DesignMatters, an organizationthat works with builders,designers, academicinstitutions, and publicand private agencies tocreate products and shapeenvironments compatiblewith the physical andsensory impairmentsassociated with growing old.

Pirkl says he believes thedesign community carries

a pivotal responsibility inshaping the next generationof human-centered designin homes, products and theenvironment.

People are becomingmore educated about homedesign, says WarnerMcConaughey, whoseAtlanta-based home

remodeling company,HammerSmith, has wondozens of local, state,regional and national awardsfor design and renovationexcellence.

McConaughey saysthe Internet has fueledhomeowner interest inbuilding and remodelingwith an eye on changingneeds as t hey grow older.

The master bedroom, hesays, is one example of thissea change in thinking, itstraditional second-floorplacement fading in favor of a location on the first floorto eliminate the need to walkup a flight of stairs.

Wider halls, betterlighting, storage to eliminateclutter and multipurpose

rooms reflect the universaldesign theme that can makea home livable at any stageof life, McConaughey says.

Not all seniors have the

option of redoingor building anewin with family monly option for th

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everse mortgages let seniors tap into home equitye Lem kecom

Given todayseconomicconditions, moreand more seniors

ding themselvest sufficient fundsic living expenses,ing to Meg Burns,r of the Federal

ng AdministrationsFamily Programpment.

ybe they faceiate large medicales, or they dontufficient funds tohe increases in food,

ne and utilities,says. Whatever thes, sometimes there areal needs that cannoton fixed incomes.r the Home Equityrsion Mortgage,CM, FHAs reverseage program, which

s seniors to tap intoome equity to createnal income. Only

ble to individuals who 62 or older and whoeir homes outright or

ow mortgage balances,ogram requiresrrowers live in theand pay real estate

insurance and othernts, such as utilities.loans are deferred

hey no longer occupyellings and then arethrough the sale of theor from the estates.

here are heirs whoto keep the homes,e obligated to pay off

ns, Burns says.e reverse mortgager seniors in desperateal need?say no, says Burns,

who is also the manager of HECM, which administersand insures 95 percent of all reverse mortgages madetoday. Often when I talk toseniors, there are many whoare mainly worried aboutfuture access to funds. Whatif the car breaks down orthe roof blows off? They arelooking for peace of mind. Itsa great product for so manypeople.

It is also becomingincreasingly popular. Sinceits development in 1987,the HECM program hasprovided financial securityto some 500,000 seniors.

Starting the processThe first step in the

process to obtain an FHAreverse mortgage is tocontact a counselor in yourarea. Advice administered

by a trained counseloris required. A documentcertifying you have receivedand understand the productis issued before you visit alender to get the loan.

You can contact acounselor and get a list of FHA-approved lenders inyour area by calling 800-569-4287 or going to https://entp.hud.gov/idapp/html/hecm_agency_look.cfm.

You will receive a packagefrom the National Council onAging, including completeinformation about theproduct.

The counselingappointment, which can beconducted by telephone or in

person, may cost $125.The lender will chargebasic mortgage loan costs,including appraisal, pestinspection, title insurance,FHA mortgage insuranceprotection and county andstate recordings, all of which can be paid from loanproceeds.

Using a formula based onage and the interest rateof the loan, the reversemortgage counselor andlender will calculate for youwhat you will receive.

Several options also areavailable for receivingreverse mortgage payments.

Depending on your needsand wishes, you may have

monthly payments sent toyou as long as one borrowercontinues to occupy theproperty as a principalresidence, or equal monthlypayments may be selected fora fixed period of time.

Another option is a line of credit.

There are also packagesthat include a line of creditcombined with monthlypayments.

Should the mortgagereversal process be a familyaffair?

We recommend thatif seniors trust and arecomfortable with theirchildren and heirs, their

involvement is a addition to the prBurns says. In fseeing more senithe program at ththeir children.

Finally, what iused inappropria

We do not mathe money is usedsays. But even whspent in what somfeel is an unwise nonessential, thepositive outcome

I hear people able to visit childgrandchildren I hseen in years, andwonderful, she

en when I talk toors, there are manyare mainly worried

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11/12


the sinks. Invest ine white bed linens and.inimize the pet effect.ve food bowls and litterto the utility room.rize t horoughly.rganize the utility roomrage. Hang up thees, roll up the hose.g a storage locker isthe cost i f it helps youster and for a higher

nce your house is, invite your friendsestate agent over and

hem through to get anve opinion.

sell home,personalize it

GE 7

es or health preclude remodeling,ting to retirement communities or

to assisted-living centers.ome cases, increases in crime,borhood blight and lack of ortation are overriding factors.

t be hastyoure a homeowner contemplatingg or retrofitting your home tomodate a parent who must move inou, dont make hasty remodelingons, McConaughey warns, and payon to aesthetics.eres a sense that these things havek ugly and that you will take themer, he says. Examples are a poorlyed wheelchair ramp or bathroomar.

mething as simple as changing anob to a lever can be stylish, ass effec tive, not only for an elderlybut also for others in the family.trofitting i s not always about older, McConaughey points out, notingevered door can be opened morewith an elbow if youre carryingges.er lighting, storage to keepout of the way, and rooms thatniversal use can go far to bridge

ational gaps.

creators.com

Well-lighted entryways and hallways, such asthis one in a home by HammerSmith, are helpfulto have in your house as you age.

ome modifications can beseful for many age groups

GE 9By Vicky Katz

WhitakerCreators.com

Buying a home canbe a challenge,

especially if youreunfamiliar with real

estate and finance industry jargon.

Here are some terms tohelp get you started:

n APR (annual percentagerate): the cost of a loan orother financing as an annualrate.

n ARM (adjustable-ratemortgage): a mortgage witha floating interest rate usually adjusted annually

based on and tied to afinancial index.

n As is: What you seeis what you get. The sellermakes no guarantees on thephysical condition of theproperty and will not makerepairs.

n Assumable mortgage: asellers mortgage loan thatcan be taken over by thehome buyer with no changein terms.

n Clear title: pis free of liens, dother legal encum

n Closing costwill have to pay uat the closing, ton which the saleproperty is finalimortgage loan trcompleted. They fees for a loan ora title search, an survey, an attornematters.

n Condo (condindividually owna multi-housing cwhich common asidewalks, stairs,or greenbelts are owned and mainthrough monthly

n

Deposit (or edeposit): a token of money a potengives to the selleror she is committthe home.

n PITI: an acro(pronounced likepity) for the focomponents of a mortgage paymeinterest, taxes an

Learn the lingo to byour buying experie

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12/12


Staff Report

eek in June wille a few opportunitiesw Mexicans to learnustainable homes arend why theyre goodenvironment, says

te chapter of the U.S.Building Council.group is putting on

nability Week andg a series of greenion events, includingeenBuilt Tour,ing to a news release.11th annual

Built Tour will takeune 12 and 13, while aercial green buildingill be held June 16 andeen Central Expo and

Living Series is slatede 19.GreenBuilt Tour will20 to 25 homes that

een certified underGreen New Mexico orED for Homes rating, the news release

says. The tour costs $1 perhome visited.

The Green Central Expowill be a free event featuringbusinesses with greenproducts and services andprofessional organizations.It will be held at the National

Hispanic Cultural CentersPete Domenici EducationCenter simultaneously with aGreen Living Lecture Series,the news release says.

Information can be foundat usgbcnm.org.

even though anr kitchen may befficient with its

ooking, water andration sources,a often includes pass-h doors and windowsnnect it to the interiorn as well. Because theoften situated under aive roof, a ventilation

s included to moveout of the closed-in

seasonal use of ther spaces can beed and made morertable with theon of ceiling fansthe portals, portables next to the loungeand even colorfulwn awnings to block

ns angles or the wind.ve some forethought tonter season, advisesa. We always wrapes in heat tape ande water shut-off valveshing freezes.wise, when designing

door kitchen, someals are better than

Appliances typicallyhave stainless-steel finishesand are manufacturedto work in an outdoorenvironment all year-round, says Reynolds.Counter surfaces run thegamut from sealed coloredconcrete to tile, graniteand stainless steel. Oftenwe bring in design accents

used elsewhere in the homesuch as stone slabs andhand-laid stacked stone.

Floor surfaces tend tofollow the design trend of the home ranging from brickfloors in a traditional pueblodesign to polished concretein a contemporary or moderndesigned home.

Best-sellers at Patio andHearth Co. in Albuquerqueare outdoor furniture andpropane or natural gas-powered fire pits, accordingto owner Cindy Esch, an

indication to her seating areas for and entertaining trumping upscalekitchens in the babudget.

With planning, outdoor areas can be used year-roundGE 4

arn about green building on June tour

Many housesbuilt by JGMadueaHomes havenot onlycovered out-door kitchenand diningspaces but

also patioextensionsthat allowpeople togather aroundan outdoorfireplace orfire pit.

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American Home Week 2010

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