| Design Resources and Listings Not Yet On The Market | December 28th, 2006 |
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This Buzz covers online home design resources.We’re also offering up a few cool homes that will be hitting the market in early 2007. If you’d rather just know about the homes hitting the market after the New Year, skip to the bottom of this posting:******************************** Since this is a big week for sales and shopping, here are some thought provoking websites that can get you thinking about how, and where to shop for home furniture and accessories. www.apartmenttherapy.com This site is an offshoot of a blog that began in Manhattan.Apartment Therapy is committed to “changing the world, one apartment at a time.” The New York Times calls Apartment Therapy “quietly addicting.”The SF version offers online tours of local homes, a search engine that allows you to find postings by category (like small appliances, outdoor furniture and flooring), and neat “Top Ten” lists of the best in everything, from bath mats to feng shui tips for kids’ rooms. http://decor8.blogspot.comThis is another website/blog to get lost in.Blogger Holly Becker is linked into a world of design addicts who all share her passion for good design. Most of the blog postings at Décor8 are about specific products,but there is also a list of ‘favorite websites’ to link to in the left hand column that will take you off into directions you never dreamed of. www.greenfusiondesigncenter.com The mission of the Green Fusion Design Center is . . .(take a deep breath and repeat after me) “to promote the understanding and use of green building practices by connecting homeowners, design professionals, builders and the general public with natural, eco-friendly, healthy products and services.”
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| Prop H - The Winners and the Losers | December 7th, 2006 |
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The following information is critical for landlords, tenants and anyone thinking of becoming a landlord or tenant in San Francisco. What follows is a rough overview of the new law. More thorough information is available at the San Francisco Rent Board website. The cost according to Prop H is $4,500 per occupant. Additional payments of $3,000 are owed to each minor or occupant over 60 years old. There is a cap (thank God) of $13,500 per unit. Prop H applies to single family homes and condominiums as well as multi-unit dwellings. There’s no wiggle-room on this. I checked with a local landlord/tenant attorney. Virtually any kind of eviction on any kind of residential property (except when the tenant is violating the terms of their lease) is subject to this new law. For Sellers and Buyers, the most obvious and immediate impact this new law will have is on the value and marketability of tenant-occupied properties. Any home buyer looking at a rented property will have to factor in the additional expense and hassle of evicting its occupants. I’m already seeing savvy agents advertise their listings as “vacant” to alleviate this concern. If you area homeowner debating between renting or selling, you might want to keep future marketability in mind. You will also probably have to subtract the cost of evicting your tenants from the value of your property if it is tenant-occupied at the time you sell. If you wait a few years, odds are good that your home will have gone up in value beyond the Prop H costs, but this is still a factor worth considering. Prop H will have a ripple effect on what it’s like to rent and own in San Francisco. The winners are the tenants who are happily ensconced in properties that are appealing to owner-occupants. They can look forward to a windfall if their place ever goes on the market and their current landlords will think harder before even deciding to sell. The losers are those who want to rent in San Francisco, especially families or groups of roommates. Multiple occupants in a home will be less appealing to an owner who is thinking of selling in a few years’ time and the hundreds of landlords who are presently keeping units vacant because of rent control have even more reasons to not rent their units out. |
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