Showing posts with label Mortgage. Show all posts
Showing posts with label Mortgage. Show all posts

20160307

Amenities and the Open House

My Sunday was spent at a volleyball tournament out of town. I thought at one point I could sneak out to see an Open House or two, but my daughter played too many matches and the outing never materialized. As I drove back toward Sonoma, I wondered what my blog post would feature since I had missed the inspiration in the weekly Open House. With my daughter sleeping in the backseat, I thought about all the homes I've visited. What made the good ones memorable versus meh? I figured it out. The thing that made an Open House memorable was the amenity.

The dictionary defines an amenity as: something that makes life easier or more pleasant. So yes, the amenity or thing that made the house more pleasant was what made a home memorable. Early in the 20th century, indoor plumbing or electricity were amenities, but as we have modernized our amenities have changed and become truly luxurious. Below is a list of amenities I've seen:


-Swimming pool       -Bocce Ball court                -Artist Studio
-Sauna                     -Hot Tub                            -Tennis Court
-Outdoor Kitchen     -Fire pit                             -Wine Cellar/cave
-Koi Pond                 -Game Room                      -Bonus Room


By Vic Brincat from Keswick, Ontario, Canada
The most common amenity is the swimming pool. While I do live in California, I do not live in the warm coastal region, but the cooler wine growing region. A realtor friend of mine told me that swimming pools are not seen as amenities in this cooler climate. While I hear his words, I honestly feel a bit happier and more relaxed in those homes where aqua waters beckon in the backyard. A pool makes a home feel like a small resort and everyone likes a resort living.

Game rooms are probably the next most common amenity I've seen. I only count them as such when they are a separate living space above a garage or detached from the house. When a home owner has converted a dining room to a game room, I never see it as an amenity, but instead a smaller house.

The bonus room is tricky. Realtors seemed to call it a bonus room when the space is not something that could be permitted as living space. I've seen rooms in sub-floors with ceilings that top out at 5 feet and stair cases roughed into attic areas. I would never call these types of bonus rooms amenities. The only time I would call a bonus room an amenity is when a prospective buyer could actually use the room, stand in it and feel comfortable. Low ceilings or nails poking in from the roof are not bonus rooms but should simply be labeled storage areas.

By Exscape Designs (Own work)
Outdoor kitchens seem to be gaining in popularity. The ever present backyard grill has matured and is now joined by a counter top and outdoor fridge with a seating area. Sometimes these outdoor kitchens are custom built and other times they are large pieces purchased from a home improvement store. Like the swimming pool, the outdoor kitchen screams resort living and can be enjoyed by all ages.

I look forward to next weekend and lining up my Open House visits. Perhaps my amenity list will grown. In the meantime, tell me: what is your favorite amenity?






20160229

The Oscars & The Big Short

It was Oscar night last night. I watched, because I always do. I love the pageantry and pretty dresses.  In other years, I've seen many, if not all the nominated movies. This year was different, however. Of the eight movies nominated for Best Picture, I had seen one: The Big Short. If you haven't seen it, I highly recommend the movie for a quick lesson in the collapse of the housing market circa 2008. When I saw the movie on Christmas Day, I cried. It cut too close. Yes, I lived through the housing crisis and yes I kept my home, but my husband and I both worked in land development and suffered lay-offs and pay reductions. We survived, but it hurt.

Last night when The Big Short was introduced as a nominee and a clip of the movie played, I cried again. I felt the loss and pain of those people who lost everything, lost the American dream they worked so hard to purchase. Yesterday was especially poignant because I had an Open House first. I visited a home that was being sold as part of a Chapter 7 Bankruptcy. I was not greeted at the door by a realtor eager to make a sale, but a representative from the bank. He did not know anything about the house, and encouraged my husband and I to look around.


Most Open Houses I see are trying hard to be sold, with freshly planted flowers, paint, and snacks for the prospective buyers. But this home looked like those Floridian homes depicted in The Big Short. The life of the inhabitants had been stopped midstream. There was lunch half prepared on the counter and the bathroom looked like somebody was still primping themselves before the mirror. In other words, the people who lived there looked like they were home and I was an intruder. 

The man from the bank complained that the owners were not being compliant or cooperative. I felt sorry for the man trying to have the Open House, but I also felt bad for the owners. The house looked loved and also looked like it was working hard to raise a good family. It did not want to be sold. Whose fault is it? The bank for making a bad loan or the homeowners for not meeting the terms of the loan? After seeing The Big Short it seems like the blame could be placed before the lender, perhaps the loan was too easy to acquire. I thought the collapse of the housing market was over, but after my day yesterday, I just don't know. 

I usual enjoy the Oscars because the show takes me away from my day to day. I get to sip a nice drink and watch movie stars in action. Yesterday, however that did not happen. My day at the Open House followed by the scenes from The Big Short were too close together, and an unpleasant reality set in.