Just Listed: Waterfront Home on 1/2 Acre Oasis just Minutes from OKC!

 
 
 

Wish you could live on a lake and be just minutes from Oklahoma City?

This 1/2 acre home on Northwood Lake is just 8 minutes west of Kilpatrick Turnpike, north of Northwest Expressway. Enjoy jet skiing, boating, kayaking, fishing and your quiet evenings on the private 110 Acre lake while having the convivence of being close to big city amenities. Magnificent Mission style home is in the Piedmont school system. Watch the sunset from your private dock, patio or second story deck. This 4 bed, 2 1/2 bath home is a stunner. The circular reclaimed wood and beam ceiling in the core of the home makes quite a statement. The kitchen has 2 bars, walk in pantry/laundry with room for second fridge and a prep counter. Enjoy the large wood burning fireplace and stack stone column with 2 bar base. Windows surround your 2 living areas and dining room giving views of nature, wildlife and the water cove. Primary bed/ensuite bath downstairs while the 3 secondary rooms are up with large bath and 2 rooms face the lake sharing a walk out deck. Inground storm shelter, 7X22 storage area adjacent to garage, exterior paint 2022, heat pump 2023, pocket doors, Pergo flooring, 3 no freeze spigots, established trees, garage shelving and insulated garage door. Just 6 miles west of Kilpatrick Turnpike located on this beautiful residents only lake.

Listed by Lynne Hamilton for West + Main Homes. Please contact Lynne for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
(405) 652-6635
hello@westandmain.com

Presented by:
Lynne Hamilton
405-808-3936
Lynne@westandmainok.com


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This Weekend: Oklahoma Open Houses for October 13th-15th!

 
 

Our agents are hosting Open Houses this weekend all over the Oklahoma City Area.

You can find all of these listings on our website. Please reach out to the listing agent for information on times and more information on the listing!

If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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October In OKC

 
 

Fall is a boo-tiful time to make new memories in Oklahoma City. 

Explore Hispanic Heritage Month activities with our guide. The OKC Thunder begins their season on Oct. 25! Here are a few of our recommendations of ways to discover fun things to do on the Modern Frontier this month.

No Tricks. All Treats.

Discover ghoulish glee in OKC! From pumpkin patches to hauntingly fun festivities, Oklahoma City is getting in the spirit of the season.

Explore more hauntingly fun activities in OKC this month. 

Get Outside

Mark Your Calendars

Oklahoma City is filled with entertaining events this month! ​

Discover more excitement in the Modern Frontier! Check out our guide to everything happening in OKC this season.

Get all the details at VisitOKC.com

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Things to Consider Before Finishing Your Basement

 
 

Are you planning on finishing your basement?

Finishing a basement is a fantastic way to expand your living space and increase the value of your home. Whether you plan to create a cozy family room, a home theater, a guest suite, or even a home office, a finished basement can be a valuable addition to your property. 

However, before you embark on this exciting home improvement project, there are essential factors to consider, with one of the most critical being installing legal egress windows. We will examine all of the essential considerations before finishing a basement.

The Importance of Legal Egress Windows
Before diving into the planning and design aspects of finishing your basement, it's crucial to address egress window requirements in basements. Egress windows are emergency exits designed to provide safe and easy escape routes in case of a fire or other emergencies. 

They are mandatory for all finished basements to ensure the safety of occupants and are governed by specific requirements outlined by building codes. Maximum Real Estate Exposure is an insightful resource, but we will summarize the essential requirements.

Requirements for Egress Windows
Egress window requirements in basements typically include:

  • Minimum Size: Egress windows must meet minimum size requirements to allow easy exit and entry. In most areas, the window opening should be at least 5.7 square feet, with a minimum height of 24 inches and a minimum width of 20 inches.

  • Maximum Height from Floor: The bottom of the egress window opening should be no more than 44 inches from the finished floor.

  • Unobstructed Access: The window well, if present, should provide unobstructed access to the window. It should be at least 36 inches wide and 36 inches in projection. Grates or covers should be easily removable from the inside without special tools.

  • Proper Ladder or Steps: If the window well depth exceeds 44 inches, a permanent ladder or steps must be installed to allow easy access.

  • Approved Window Type: The window must be hinged, sliding, or of another approved type, allowing a quick and unobstructed exit.

  • Adequate Light and Ventilation: The egress window should provide enough natural light and ventilation to the basement. It's critical to ensure the space is habitable and meets safety standards.

Meeting these egress window requirements is essential for safety and compliance with local building codes. Failure to adhere to these regulations can delay obtaining necessary permits and may lead to costly renovations if the basement does not meet code requirements.

Other Considerations Before Finishing Your Basement
Now that we've addressed the critical aspect of egress window requirements, let's explore other vital considerations before finishing your basement:

Moisture Control
Basements are notorious for being damp and prone to moisture issues. Before finishing the space, addressing any water leakage problems, ensuring proper drainage, and considering waterproofing solutions are essential. 

Moisture control prevents mold growth, protects investment, and creates a healthy living environment.

Insulation and HVAC
Proper insulation is vital for maintaining a comfortable temperature in your finished basement. Ensure the insulation is correctly installed to prevent heat loss in winter and heat gain in summer. 

Additionally, consider extending your home's HVAC system to the basement to regulate temperature and humidity effectively.

Speaking with a qualified HVAC technician is essential. When you add significant square footage, you must ensure the heating system is appropriately sized.

Electrical and Plumbing
Plan your electrical and plumbing layouts carefully. Adequate electrical outlets, lighting, and plumbing fixtures are essential for functionality. 

Consult with a professional electrician and plumber to ensure compliance with local codes and safety standards.

Permits and Codes
Obtaining the necessary permits and adhering to local building codes are non-negotiable steps in finishing a basement. 

Failure to do so can lead to fines and complications when selling your home. Consult your local building department to understand the permitting process and code requirements.

In my experience as a Realtor for the past three decades, I often see people finishing basements without permits. Most do so to avoid paying additional real estate taxes. Others do it out of pure laziness.

It doesn't matter the reason. It will likely bite you with significant stress when you sell your home. Make sure you pull permits!

One additional essential aspect concerns your septic system. If you add bedrooms to your basement, your local community may require you to upgrade the system.

Design and Layout
Consider the purpose of your finished basement and create a detailed floor plan that optimizes the use of space. 

Consider factors such as the location of egress windows, storage options, and any specific design preferences you have. There are many creative options for finishing a basement.

Budget and Contingency
Establish a realistic budget for your basement finishing project, including a contingency fund for unexpected expenses. Basement renovations often uncover unforeseen issues like outdated wiring or structural problems, so it's wise to be prepared.

The cost of finishing a basement can be significant, depending on what you do. However, it is almost always an addition with a great return on investment.

Many home buyers love having the additional space for multiple uses, whether it is an in-law suite or a place for teenagers to hang out.

You can ask a real estate agent to provide a comparative market analysis with and without. You'll then have an excellent idea of how much value it has added.

Lighting and Ventilation
Basements can be naturally darker than other parts of your home. Plan for adequate natural and artificial lighting to create an inviting and functional space. 

Ensure proper ventilation to prevent stale air and maintain air quality. These are two essential considerations when finishing a basement. Lack of adequate lighting makes for a less desirable space.

Ventilation issues create a moldy smell that nobody will enjoy.

Flooring and Finishes
Select flooring materials that are suitable for basement conditions. Options like vinyl, laminate, and engineered wood are often preferred due to their moisture resistance. Choose finishes that are both durable and aesthetically pleasing.

Final Thoughts
Finishing a basement is a rewarding project that can enhance your home's living space and value. However, it's essential to prioritize safety by meeting egress window requirements in basements. 

Additionally, consider factors like moisture control, insulation, electrical and plumbing needs, permits and codes, design, budget, lighting, and ventilation to ensure a successful and comfortable basement renovation. 

By carefully planning and addressing these considerations, you can transform your basement into a functional and enjoyable space for your family and guests.

Learn more at Rismedia.com

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Opinion: Why agents are more essential than ever

 
 

Affordability concerns mean agents are also educators.

Real estate agents play an undeniable and integral role in today’s housing market. Not just as facilitators of sales and rental transactions but also as educators to their current and future clients. Left to their own devices, most people — particularly renters — view the rental segment and the for-sale market as distinctly different and unrelated entities, with the latter one often perceived as being far out of reach. Rightfully so.

Affordability is a real issue in the United States. The median price for an existing single-family home was $410,200 in June 2023, according to the National Association of Realtors (NAR). That’s the second-highest since the association started tracking the data. This average price tag quickly jumps in popular states such as California, where it comes in at $744,280, and in Washington State, where a house costs on average $574,114, according to August data from Zillow.

Mortgage rates — which have been well above 7% and approaching 8% this week — are adding to the unaffordability of much of today’s housing stock. 

These market conditions in the for-sale segment have had a real and direct impact on the rental market as both are directly linked. An increasing number of people, especially many of the millions of millennials who are hitting their prime child-rearing years, are priced out of the market and forced to keep renting longer. The average age of first-time homeowners is now 36 with about 35% of the households in U.S. being renter-occupied.

This increasing demand has put further pressure on the rental stock, which has been experiencing severe supply and demand issues. The United States is currently as much as 6.8 million rental units short, with the gap between supply and demand widening every year, according to NAR data. This has driven up prices significantly. Typical asking rents in the U.S. average $2,052, a 3.3% climb as compared with the same time last year, according to Zillow’s data for August. In high-demand metros such as New York, it’s as high as $3,650.

One of the proposed measures to counter these increases and create more affordability for renters is the hotly debated topic of rent control, an idea that first came into existence in the 1920s. The Biden administration has pushed for a potential national-level rent control initiative while cities such as New York are particularly in the spotlight as landlords are pushing the Supreme Court to kill rent stabilization. 

As of 2022, seven states — California, New York, New Jersey, Maryland, Maine, Oregon and Minnesota — and the District of Columbia have localities in which some form of residential rent control is in effect. 

Rent control benefits some tenants with access to controlled rates, primarily older and long-term residents. But rent control has also shown overall mixed results. While intended to make housing more affordable, it can exacerbate issues by reducing investment and supply. Property owners, getting lower returns due to rent controls, often seek ways to convert their properties to other more profitable uses.

In places like California, laws allow owners to evict tenants for personal occupancy or to sell units as condos. Consequently, as the availability of rental properties decreases, market-wide rents increase due to the lower supply. Actions like these tend to favor higher-income individuals, inadvertently promoting gentrification, as observed in San Francisco, contradicting the original aims of rent control.

Ultimately, to create a better supply-demand balance in the U.S., facilitating new construction might be the best answer to the pressures in the rental segment and the affordability issues in this country. California is trying to do just that by making major affordable housing projects across the state easier to commence by exempting them from potential lawsuits filed under the California Environmental Quality Act, extensive public hearings and other forms of opposition from local governments. Easing restrictive zoning rules that can reduce the supply of land available for new housing would also be additive. 

There is some hope for more balance to come. Housing construction reached a 50-year high, with this year alone witnessing the completion of more than 460,000 units. Within the past three years, over a million new dwellings have been erected, marking a historic high. And this increase has had an almost immediate affect on renters who are taking advantage of the added choices. Those staying put and renewing their leases — often out of necessity — dropped to 60.5% during this year’s peak rental season compared with 63.6% last year. 

And that is where agents can step in, educate renters on their increased choices, explaining market dynamics and ultimately becoming educators and advocates as they navigate their housing journey.

Learn more at Housingwire.com

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If there is a home that you would like more information about, if you are considering selling a property, or if you have questions about the housing market in your neighborhood, please reach out. We’re here to help.

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