Uncategorized June 13, 2014

FOR BUYERS: MAKING A PLAN AND STICKING TO IT.

FOR BUYERS: MAKE A BUYING PLAN AND STICK TO IT

Preparing to buy a home takes a very well-thought out plan and strategy. I found a very informative guide that can help you plan to purchase a home. As an Accredited Buyer’s Representative (ABR®), I like helping my buyers prepare because it makes the buying process more enjoyable and successful. If you have any questions or need more resources, please let me know. Helping buyers is my business and I look forward to working with you!

http://enews.realtor.org/a/hBTmiQRB8f9S7B86oGpAABm29Lk/reba5

 

Uncategorized June 6, 2014

FOR BUYERS: 4 Guidelines for HOMEBUYERS

FOR BUYERS: 4 GUIDELINES FOR HOMEBUYERS

As an Accredited Buyer’s Representative (ABR®), I’ve noticed that an informed buyer is a happy buyer. So, I found some information that I wanted to share with you on becoming a prepared buyer. Take a quick look and let me know if you have any questions. I look forward to working with you!

http://enews.realtor.org/a/hBTkOhoB8f9S7B86fAmAABm29LH/reba7

Uncategorized June 3, 2014

JUNE IS NATIONAL HOME OWNERSHIP MONTH!

Uncategorized June 2, 2014

AGE FRIENDLY CITIES

 

Consumer Newsletter – June 2014

By Elyse Umlauf-Garneau

www.sres.org

 



 

 

Age-friendly Cities

By Elyse Umlauf-Garneau

By 2030, one out of every five people in the U.S. will be age 65 plus, says AARP.

How well those seniors will live depends greatly on the environment both inside their houses and outside. By incorporating universal design principles, people can make their houses more age-friendly. But seniors’ quality of life can be diminished if the larger community doesn’t provide an environment and services conducive to aging in place.

The World Health Organization’s (WHO) Age-Friendly Cities Initiative has established comprehensive guidelines to help cities assess their age friendliness and make certain that they’re providing an environment where seniors can live a full, engaging, and high-quality life.

WHO’s program addresses eight categories:

  • Housing
  • Outdoor Spaces and Buildings
  • Transportation
  • Community and Health Services
  • Civic Participation and Employment

 

 

 

  • Communication and Information
  • Social Participation
  • Respect or Social Inclusion

Cities around the globe, including, Udine, Italy, Ponce, Puerto Rico, and Himeji, Japan have joined the WHO network and have adopted strategies to eliminate barriers to aging in place.

Various efforts to make cities and town age friendly are happening across the United States too.  Among them are Brookline (www.brooklinema.gov/index.php?option=com_content&view=article&id=1554&Itemid=1778), Mass., Larimer County (www.foalarimer.org/age-friendly-communities/partnerships http://foalarimer.org), Colo., and Portland (http://agefriendlyportland.org/), Oregon.

Some efforts are broadly supported and funded and managed by government entities. Others start with small grassroots community groups or academic institutions.

New York City leads the way

New York City, for one, has developed a comprehensive program that started in 2007 when it became the first U.S. city to join WHO’s network. Age-friendly New York City (NYAM) is a collaboration (http://www.nyam.org/agefriendlynyc/) among the Office of the Mayor, the New York City Council, and The New York Academy of Medicine.

NYAM’s first step was to go into neighborhoods with a high concentration of seniors and just talk to residents and capture their views about what they liked, what they needed and in what ways the neighborhoods were falling short.

Based on those interviews and focus groups, NYAM developed its plan to make the city more age friendly. “This process was extremely important and gave us a baseline assessment,” comments Caitlyn Smith, NYAM’s Strategic Assistance Coordinator, Age-friendly NYC.  “It continues to inform our work today.”

Some of NYAM’s initiatives are citywide. Others are tailored to specific needs of a neighborhood in the city’s designated five Aging Improvement Districts in the Bronx, Brooklyn, and Manhattan. “Lots of projects start in aging improvement districts and then are expanded into citywide programs,” says Smith.

In addition, some successes are quantifiable and other efforts are measured anecdotally.

Danger, convenience, recreation

Across the city, for instance, the Department of Transportation (DOT) has been redesigning the most dangerous intersections and crosswalks for seniors in an effort to reduce injuries and fatalities.

The strategy started in five neighborhoods. The city found that retiming crosswalks and adding islands, for example, reduced injuries between 9% and 60%, depending on the intersection. Once DOT saw how successful such redesigns could be, it rolled out a citywide plan.

Smith points to another program, Senior Splash, which reserves a certain number of hours at public swimming pool time exclusively for seniors’ use. “One woman likes going for her arthritis because it’s a tool for soothing her pain,” comments Smith. “She also like the community aspect of the program because it gets her out and socializing and she’s made friends at the pool.”

And in Bedford-Stuyvesant, NYAM is working with a neighborhood improvement group, to go door to door to ask businesses to make their environments more senior friendly.

The recommended modifications are often small and no or low cost. For instance, a retailer could stock the most commonly purchased items on low, easy-to-access shelves. And putting in chairs where seniors can sit and take a break or making wider aisles that are easy to maneuver are other tactics that cost little but make a difference to senior clientele.

 

Staying ahead of the curve

New York City’s program is an example of one done on a grand scale. But every city and town can benefit by making age-friendly upgrades, believes Smith.

Just as it is with universal design for homes, everyone, not just seniors, benefits from age-friendly changes. For example, more benches scattered around public parks help mothers with small children and joggers who need a rest. Longer lights at crosswalks, for example, assist others – a teen on crutches who is recovering from a sports injury or a businessperson using a wheelchair – to safely cross intersections too.

“The population of the world is aging at an unprecedented rate this is something that we really need to be thinking about. Before, if you addressed age-friendly initiatives, you were a leader. At this point, those cities that aren’t thinking about age-friendly practices are behind the curve,” says Smith.

 

Additional resources

If you’re interested in making your hometown more age friendly, you don’t need to start from scratch, nor do you need to create a comprehensive plan that addresses all eight WHO categories.

Some towns choose the top two categories that are important to their communities and do projects that work for their budgets and residents.

Success doesn’t necessarily require government leadership. Often academic, health, and community groups collaborate to launch age-friendly city initiatives.

There are vast resources, networks and guides to help you get a plan off the ground.

They include:

<>·www.aarp.org/livable-communities/network-age-friendly-communities/info-2014/an-introduction.html 
<>··www.pbs.org/newshour/bb/health-july-dec13-aging_09-04/) –Watch a segment about New York City’s age-friendly upgrades. 
<>·http://www.who.int/ageing/age_friendly_cities_network/en/) – Find complete information about WHO’s age-friendly initiatives and download its guide, “Global age-friendly cities: a guide,” at http://www.who.int/ageing/age_friendly_cities_guide/en/. 

 

 



 

 

Real Estate Matters: News & Issues for the Mature Market

Windermere West LLC

1341 NE Orenco Station Parkway

Hillsboro, OR 97124

John Goldhammer, ABR, CRS, GRI, SRES

 

 

 

     

 

Uncategorized May 15, 2014

For Buyers Saving for that New House

FOR BUYERS: SAVING FOR YOUR HOME

Buying a home takes a well thought out and solid financial plan. I came across this article that offers some excellent advice for saving money for your dream home. As an Accredited Buyer’s Representative (ABR®), I am always looking for information to share with my buyers. If you have any questions, please contact me.

http://enews.realtor.org/a/hBTdTjoB8f9S7B86ECVAABm29hk/rebc8

Uncategorized April 30, 2014

The Cost of Waiting!

Uncategorized April 24, 2014

Move Up Buyers very Active!

Uncategorized April 21, 2014

Don’t Wait to Move Up!

Uncategorized April 7, 2014

Senior Real Estate Specialist April Newsletter

~~
Consumer Newsletter – April 2014
By Elyse Umlauf-Garneau www.sres.org

 

 Make Renovation Dollars Work for You
So after a grueling winter, it seems like spring may actually arrive this year.
If home improvements are on your to-do list and you can’t decide where to spend your renovation dollars, take a look at the 2014 Cost vs. Value Report for a little guidance.
The annual study, done by Remodeling magazine in cooperation with REALTOR® Magazine, looks at how much of your investment you can expect to recoup on renovation projects when you sell. 
Especially if you’re readying your house for sale and you have finite resources, the list could help you pick the most worthwhile projects.
The report breaks down figures on a national and on a regional basis, so be sure to zero in on the data for your region.
Here are some national averages for top projects in two categories.  

 

Top Midrange Projects 
Project Job cost Resale value Costs recouped
Steel entry door replacement $1,162 $1,122 96.6%
Deck addition (wood) $9,539 $8,334 87.4%
Attic bedroom $49,438 $41,656 84.3%
Garage door replacement $1,534 $1,283 83.7%
Minor kitchen remodel $18,856 $15,585 82.7%

 

Top Upscale Projects

Project  Job cost Resale value Costs recouped
Bathroom addition $72,538 $43,936 60.6%
Bathroom remodel $51,374 $32,660 63.6%
Deck addition (composite) $35,158 $22,881 65.1%
Garage addition $82,311 $48,065 58.4%
Garage door replacement $2,791 $2,315 82.9%

Certain projects should be considered with caution if you’re looking to maximize the return on your investment. For example, among midrange projects, the resale value of a $28,000 home office remodel was only $13,697.  And the resale value of a $73,546 sunroom addition was $38,011.
See the full report, along with regional breakdowns, at http://www.remodeling.hw.net/cost-vs-value/2014/
Retirement 2.0
Maybe it really is time to seriously rethink the meaning of retirement. A pair of studies point to a lifestyle for future retirees that feature few of the hallmarks – full-time relaxation, travel, and puttering around – associated with traditional retirement.
More and more, people are remaining in the workplace, either out of financial need or to stay engaged.
For instance, an Associated Press-NORC Center for Public Affairs Research study, “Working Longer—Older Americans’ Attitudes on Work and Retirement,”  spotted an attitude shift among American about work, aging, and retirement.

For one,  82 percent of survey respondents over age 50 who are still working say it’s likely or very likely that they’ll do some work for pay during retirement.

The Employee Benefit Research Institute (EBRI), too, has watched people’s expectations about retirement age tick up.

In 1991, just 11 percent of workers expected to retire after age 65. Now, in 2014, 33 percent of workers report that they expect to retire after age 65, and 10 percent don’t plan to retire at all.

In addition, the percentage of workers expecting to retire before age 65 has decreased, from 50 percent in 1991 to 27 percent. Those are findings from EBRI’s 2014 Retirement Confidence Survey.

Some of the attitude shift has to do with expectation of living longer, healthier lives.

The NORC study, for instance, found that Americans, who have reached or are nearing the traditional retirement age, don’t consider themselves old. Six in 10 say the feel younger than their age, for instance.  Of those who are currently working, 47 percent now plan to retire at a later age than they expected when they were 40.

But – no surprise here – money concerns play a role too. EBRI found a shortfall in retirement savings among respondents.

In fact, some numbers are dire, with 36 percent of respondents reporting that they have less than $1,000 saved for retirement. That’s up from 28 percent in 2013. 

As a result, workers are adjusting retirement expectations, with 82 percent reporting that their expected retirement age has increased.

Reasons for the delay:
• The poor economy (25 percent).
• Inadequate finances or can’t afford to retire (18 percent).
• A change in employment situation (17 percent).
• Needing to pay for health care costs (12 percent).
• Lack of faith in Social Security or government (9 percent).
• Higher-than-expected cost of living (9 percent).
• Wanting to make sure they have enough money to retire comfortably (8 percent).

EBRI also found that those who already are retired and are working do it for several reasons. Some enjoy working (83 percent) and want to stay active and involved (79 percent).  But finances also figure into the decision.

More than half (54 percent) want to be able to afford extras and 52 percent need money to make ends meet. Others (38 percent) have seen a decrease in the value of their savings or investments and 34 percent want to maintain health insurance or other benefits (34 percent).

If you’re among those who are rethinking retirement, the studies offer additional in-depth information about shifting expectations, financial challenges, navigating the job market, and health care costs during retirement.
For more, see EBRI’s complete study at http://www.ebri.org/pdf/surveys/rcs/2014/EBRI_IB_397_Mar14.RCS.pdf and the NORC study at http://www.apnorc.org/PDFs/Working%20Longer/AP-NORC%20Center_Working%20Longer%20Report-FINAL.pdf.
 
 
Real Estate Matters: News & Issues for the Mature Market
Windermere West LLC
1341 NE Orenco Station Parkway
Hillsboro, OR 97124

John Goldhammer, ABR, CRS, GRI, SRES