Just Listed: Cozy + Bright Home in Paulina Peaks

 
 
 

Cozy & bright single family home.

The wood accents and gas fireplace combined with the vaulted ceilings and skylights are the perfect combination. Partial xeriscape in the front yard, fenced backyard with large composite deck for enjoying the Central Oregon summer evenings, and AC inside for those hot days. A few of the homeowners favorite things are the large closet, the wonderful neighbors, and the separation of the primary suite and the guest rooms. You don't want to miss this one!

Listed by DeAnna Davis for West + Main Homes. Please contact DeAnna for current pricing + availability.

 
 
 

Have questions?
West + Main Homes
westandmain.co
hello@westandmainoregon.com

Presented by:
DeAnna Davis
(541) 390-8631
deanna@westandmainoregon.com


Search homes in Oregon
 

Net-Zero Multi-Family Plan for Bend’s Midtown

 
 

Ultra-Energy-Efficient 36-Unit Project to be Built in Podium Style Over Parking

In a sign of Bend’s increasing urbanization, a three-story, 36-unit “net zero” energy-efficient multi-family housing development is in the works for the city’s popular Midtown area.

The proposed project, on a 0.63-acre site in the Orchard District at the intersection of Fourth St. and Olney, is slated to include 28 one-bed and eight two-bed units on two levels straddling 44 parking spaces below, for a total 53,300 square feet, in a creative podium style construction.

Along with parking on the ground floor, there will be 1,560 square feet of interior bike and gear storage, as well as a lobby, mail and parcel rooms and utility spaces.

The second floor is set to accommodate a 4,159-square-foot courtyard and 811-square-foot covered porch, and, in a nod to amenities desired in a more connected remote employment world, a 909-square-foot co-working space and meeting room. Half of the units, which range in size from 536 to 917 square feet, will have balconies and all will be equipped with a washer and dryer.

Developers Roost Development LLC say the project, designed by the Bend office of Ten Over Studio, will bring a “new and exciting living experience” to the neighborhood, with a net-zero goal at the heart of creating a safe and sustainable environment.

Site improvements include connecting to the existing alley, as well as providing space on the site for a future roundabout. The residential High Density (RH) Zoned project will feature efficient materials, assemblies and solar on the roof, and a locally commissioned mural will pay homage to the energy of Bend while honoring the creativity of the community.

Roost manager Perry Brooks said the “porch” and the courtyard, situated to face the adjacent streets, will be an inviting outdoor space for the future residents and families to call their own.

He added, “This opportunity has allowed us to jump ahead with pursuing our net zero philosophy, and we will actually be giving back to the electrical grid at the end of the day.

“Building on a podium also allowed a creative solution to fulfilling parking requirements. The site sits four-five feet below grade and in In lieu of surface parking, our cost-benefit analysis showed it was feasible to basically build a concrete deck with parking underneath.

“This is something done in a more urban style that you may see more in cities like Seattle, but is a newer direction here, and think we will see more of this type development as the population continues to increase along with higher density demands and the need for creative infill projects.

“We aim to be at the leading edge in terms of design and net zero goals and to set the bar higher.

“It also makes sense to see more density options coming to the area and we wanted to provide the kind of amenities desired in the modern era. The world has changed and, for example, people looking for more co-working options.

“Sustainability is key, and we have features such as incredibly well-insulated panelized construction systems and high-performance interiors that don’t leak, and a large photovoltaic array as part of achieving net zero goals.”

Brooks said his group was in the process of submitting for design and development permit approval and aimed to break ground on the project by the end of the year.

In a different style but somewhat complimentary fashion in delivering more living options for Bend’s growing population, local micro-housing specialists Hiatus Homes, also has plans on the boards for a “first-of-its-kind” multi-family development in the Midtown area nearby at 445 NE Penn Ave.

The project is envisioned as a stepped, three-story building with 40 lofted flats and four common kitchen/living room facilities with a farm table for communal meals.

The building will also feature a workout room, communal workspace, raised decks, ground level outdoor spaces with fire pits and a rooftop deck with views of Pilot Butte. Transportation includes car share parking as well as bike lockers and electric bike charging stations.

Environmentally friendly laundry detergent brand Dirty Labs has been tapped to collaborate with Hiatus Homes on a state-of-the-art laundry room for tenants.

Hiatus said the “intelligently designed” interior units will feature a sleeping loft, vaulted 13-foot ceilings and large windows creating a flood of light into the space. Each unit is approximately 440 square feet with a lofted bedroom for additional space.

The building is located around the corner from Midtown Yacht Club Food Carts, a walkable location along a bus route. A spokesman added, “Hiatus Homes is delivering the dream of living in Bend to more people, increasing housing density in the region and creating energy efficient, sustainable living with home models that are zero energy ready.”

AND it seems that Bend is undergoing something of a surge in multi-family and mixed-use multiple story projects in various planning stages currently, reflecting a need for increased density within city limits to cater to an ever-expanding demand.

Bend-based BLRB Architects is working on two significant projects on the westside of town, including “Modera Century West” slated for a site at the Century Drive/Reed Market Road/Mt. Bachelor Drive roundabout.

When complete, this new 300,000+ square-foot apartment complex will offer nearly 300 market-rate units and unique on-site amenities “tailored to DIYers, mountain bikers, hikers and other adventure seekers.”

A public plaza, outdoor amenity spaces, fitness room, yoga and sauna room, game and club rooms and outdoor rooftop common use space are also part of the design.

BLRB is also involved with developing plans for a five- six-story mixed-use/multi-family development, including retail and amenities on a portion of the ground floor and 202 residential units at 954 SW Emkay in the Shevlin Corporate Park area.

The design for this 168,000-square-foot mixed use housing project makes the most of a sloping site, maximizing the building footprint and integrating tuck-under parking at the rear of the building.

The facade is divided into discrete elements to visually reduce the length and mass of the building. The BLRB website adds: “The exterior expression invokes the vertical columnar basalt forms of the nearby Deschutes River Canyon and the glass encased corner will offer a distinctive signature feature while allowing transparency to the building’s interior public spaces.”

This project as well as others, including the 210-unit mixed-use Hixon at Westside Yard development on the former Ray’s Food Place site, and a tentative plan for a similar type of project at the former KorPine site in the Old Mill District are pursuant to the relatively recent Mixed Use (MU) Zone.

The MU Zone was introduced in certain areas, particularly around the Westside, by the City of Bend whose updated code said it was: “intended to provide opportunities for vibrant mixed-use centers and districts in areas with high-quality connectivity to and within the area.”

MU projects are intended to allow for a denser level of development of a variety of commercial and residential uses than in surrounding areas with an emphasis on retail and entertainment uses at the street level. They also aim to provide for development that is supportive of transit by encouraging a pedestrian-friendly environment

In a similar vein, more dense mixed-use projects are in the pipeline as part of redevelopment intended to be catalyzed within the Bend Central District (BDC), a rapidly growing area in the heart of the city.

A complex in the design stages for a site at 181 Franklin close to downtown is set to offer pedestrian-friendly street frontage, and 121,000 square feet encompassing four stories of apartments above ground-level mixed use and retail space and multiple on-site resident amenities. Slated for completion in 2023, 181 Franklin is one of the first major redevelopments in the BCD.

Prominent local developers Brooks Resources has also invested in the Blue Dog RV building and parking lot sandwiched between Walgreens and Les Schwab Tire Center on NE Franklin Avenue, which is inside the BCD.

Brooks Resources Director of Planning Dale Van Valkenburg said his company is still in the visioning process for the project and their future decisions will be affected by upcoming code changes for the area and the status of the urban renewal process.

He added, “This is a new thing for Bend, going from a large town to a small city.

“A few examples are the Franklin Crossing Building downtown and what is going up where Ray’s used to be. It’s zoning changes that has allowed those things to happen.

“The problem with the central district is that it’s been neglected — it is now a bunch of old single-story buildings. There are barriers to getting people to want to live there. But urban renewal initiatives lets developers take the risk.”

Keep reading.

Related Links

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.

Search for Homes in Oregon

4 Gen Z homebuyers reveal tips and hacks for buying a house young

 
 

It's getting harder and harder for young people to buy a home. Home prices and interest rates are on the rise while supply continues to dwindle.

Those factors, coupled with the financial strain of student debt, have left many unable to save enough for a down payment or afford a monthly mortgage. 

But some are getting it done. From extreme-savings strategies to scoring a mortgage for 100% of the home price, four Gen Z homebuyers told Insider about the unique ways they financed their first home purchase before age 25. 

While not all of their financial paths to homeownership are available to everyone, their journeys can serve as a guide and spark ideas. 

Here are some tips from their first home purchases. 

Saving for a down payment was 'untenable.' Instead, I looked for 100% financing options and plan to refinance later. 

After Daniel Greene, 22, fled his tumultuous childhood home with his two sisters a few years ago, he wanted to buy a house to move into when he and his fiancée got married, he said. 

But after putting all of his money towards rent — $1,250 per month — the 2020 college graduate didn't have much saved to put toward a down payment on a house, he said.

"It's the American dream. It's something you're supposed to do," he said. "To be honest, though, it's unattainable, it's completely untenable." 

"How am I supposed to save up $20,000?" he added. "I don't come from money." 

It's a challenge facing his entire generation, said Greene, who works in finance making about $85,000 per year. 

Through his bank, North Carolina's State Employees' Credit Union, he found a way to do so. He bought a new-construction two-bedroom home for the amount of his loan last year, he said. 

The bank offered a floating-rate mortgage, with an initial interest rate of 3.14%, that lent on 100% of the $202,800 house. He had a credit score of 700 when he took out the loan, and the rate will be adjusted in two years. 

Since the adjustable nature of the loan means interest rates could hit 14% when it does get reevaluated, Greene plans to refinance the debt with a fixed-rate mortgage before then, hoping for a rate of 3% to 5%.

Credit unions are not-for-profit member-owned banks whose members have some kind of geographic, religious, educational, or occupational affiliation. Many of these banks lend up to 100% of the home's value depending on the price. 

The National Credit Union Administration has a map and locator on its website to find a credit union near you. Insider's personal finance team has also laid out the best credit unions of March 2022.

Since I made under $90,000, I was able to qualify for a state program to help first-time homebuyers. I scored a 2.38% interest rate and $7,500 to put toward my closing costs. 

What Emajja Bowen, 24, loves most about her Atlanta condo are its floor-to-ceiling windows. They were a must-have in her search. 

By the time the condo was listed in August 2020, she had almost given up looking. But then she saw her dream home and decided to put in an offer. 

The 2020 master's graduate wrote a letter to the seller telling him what buying a home in the state's capital would mean to her. The letter worked. Bowen closed on the $274,000 home in the fall. 

Bowen was also able to qualify for a state program, Georgia Dream, that helps Georgians become homebuyers. 

The program provides first-time homebuyers, buyers who have not owned a house in over three years, or homebuyers looking to buy in specific areas of the state with low mortgage rates and financial assistance to make the move, according to the program's website

The state caps the program to those making $90,000 or under. Brown, a consulting analyst, said she just made the cut. Georgia Dream provided her with $7,500 toward closing costs and financed a mortgage with a 2.38% interest rate, compared with 3.07%, the average mortgage in October when Bowen bought the condo. 

Many states offer programs to help first-time homebuyers secure favorable terms, finance a down payment, or otherwise assist them. The mortgage information provider HSH has outlined what each state offers on its website.

Insider's personal finance team has outlined 11 programs that help first-time homebuyers get a mortgage as well as how to find first-time homebuyer programs in your state to help with a down payment, closing costs, and taxes.

To get a better mortgage, I used monthly payments for Netflix and Hulu to boost my credit score. 

Grace Gabriel, 23, closed on a $505,000, three-bedroom townhouse in Laurel, Maryland, in February. But her road to homeownership started with a speed bump.
In August, Gabriel, still in her first year as an analyst at Accenture, felt financially stable enough with a salary of $92,000 to buy a home. But a loan officer said she needed a longer and more robust credit history to apply for a mortgage. 

So Gabriel put herself on a "financial diet." She started with "cutting out carbs", like her Achilles' heel: online shopping. She deleted shopping apps from her phone and started tracking every dollar of her spending in an Excel spreadsheet. 

"This was a goal that I wanted, so I was going to be very serious about it," she told Insider.

She used those savings to pay off debts, including outstanding tuition bills. 

Gabriel also found ways to boost her score using her spending habits. She signed up for a service through the consumer credit bureau Experian that let her count monthly Netflix and Hulu payments toward her overall FICO score. 

Through YouTube videos detailing financial advice, Gabriel discovered the Chime Credit Builder card. She appreciated the features designed specifically to help those building credit: no credit check, no annual fees, and no interest. 

Opening a second card expanded her available credit, which in turn improved her credit utilization rate. Gabriel set a personal goal of keeping that number under 30%, something that same loan officer would compliment her on months later. 

In the end, she was able to boost her credit score to 726, an increase of 50 points, which helped her lock in an interest rate of 3.9% for her mortgage. 

Looking back, Gabriel never doubted her drive to make her goals a reality. 

"I'm not someone who's good at 'no,'" she said. "When someone tells you 'no,' make that into new opportunities." 

To read the full story, check out Business Insider.

Related Links

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.

Search Homes in Colorado

Search Homes in Oklahoma

Search Homes in Oregon

How Long Does a Home Seller Have To Respond To An Offer?

 
 

When you make an offer on a house, you might be wondering: How long does it take a home seller to respond to your offer?

There’s nothing worse than sitting around waiting—especially when you’re waiting for someone to respond to your offer on the biggest financial decision of your life. Yeesh, it’s excruciating.

Unfortunately, waiting comes with the territory when you’re buying a house. But how long you have to wait is the bigger question. While there’s no official rule on how long a seller can take to get back to you, there is an industry standard that most real estate agents and sellers tend to follow.

Whether you just made an offer on a property or plan to in the near future, here’s everything you need to know about how long it might take to hear back from the seller.

How long can a seller take to respond to an offer?

In theory, sellers can take as long as they want before responding. But in practice? Most sellers (or their agents) will usually get back to you within a few days.

“As a courtesy, the Realtor® will notify the buyer’s agent when the seller responds regarding an offer,” says Benjamin Ross, a Realtor with Mission Real Estate Group. As the seller’s agent, “we like to respond within 48 hours, but that also depends on when we get the seller’s response.”

Some agents have even stricter expectations when it comes to response time.

While 24 to 48 hours is the standard observed by many professionals in the industry, exceptions happen. Here are some of them.

When might it take longer for a home seller to respond?

There are quite a few reasons why a seller might take longer than usual to respond to your offer. The first is if they received multiple offers.

“Typically, response time increases if there is more than one offer on the table,” says Ross. “Sellers may take their time to choose which offer is best for them.”

Another reason your offer might go unanswered is if it’s too low.

“If an offer is far from what a seller expected to receive, many times they won’t respond at all,” says Parnes.

Other times you might not hear back for a completely unrelated reason—such as the seller is out of town or on vacation.

Consider setting a time limit on your offer

If you’re concerned about how long a seller might take to respond to your offer, work with your agent to find out if you can set a contractual time limit on it. In some states these “offer time limits” are used by buyers and sellers to dictate how long the other party can take to respond.

“Offer time limits are defined in the contract in the state of Georgia,” says Katina Asbell, associate broker at Real Living Capital City Realty. “The ‘time limit of offer’ is the period of time the offer is active and open for response, and once it’s expired, the contract is void and a new offer must be presented.”

Whether or not your local legislature allows buyers to set time limits, Asbell cautions buyers to be strategic when using them.

“The time limit can be a critical part of defining a buyer’s success in negotiation,” she says. “If it’s too short, the seller may feel rushed or annoyed and give a harsh response. If it’s too long, then the buyer risks a multiple-offer scenario.”

Tips for a successful negotiation with home sellers

Ultimately, the process of getting an offer accepted is all about being a good negotiator—and for this you’ll want to work with an experienced real estate agent.

“The best success I have found in gauging appropriate and amiable timelines is a very open and honest conversation with the seller’s agent,” says Asbell. “Buyers have one chance at a first impression and to set the stage for the remaining negotiation process, and timeline matters greatly in conveying this tone.”

Learn more on Realtor.com

Related Links

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.

Search Homes in Colorado

Search Homes in Oklahoma

Search Homes in Oregon

7 Things All First-Time Homeowners Get Wrong—and How To Avoid Those Big Mistakes

 
 

Like most major milestones in life, becoming a first-time homeowner comes with quite a few learning curves.

Even after you close on the house and it becomes officially yours, there’s still a lot to learn when it comes to taking care of the place—and setting yourself up for long-term success.

Having recently purchased my first home, I’ve had a front-row seat to all the trials and tribulations that come with learning how to be a homeowner. Here are seven of the biggest mistakes first-time homeowners make (myself included), plus some helpful tips from the experts on how to avoid them.

1. Calling a repair person with the wrong specialty

This might not sound like a big deal, but it can actually end up costing you quite a bit of time and money—especially if there are significant household repairs on the line.

“This is the most common mistake committed by first-time homebuyers,” says Joshua Haley, founder of Moving Astute.

“When you hire a repair guy who doesn’t specialize in fixing what’s broken in your home, the cost of repairs could skyrocket,” says Haley. “Homeowners have been known to spend upward of $135 an hour on a contractor who they thought was coming out for a couple hours at most.”

One way to avoid this is by doing some research beforehand. Try to gain a rudimentary understanding of what’s wrong, so you can explain the problem over the phone. This will help you avoid any confusion about the extent of work that needs to be done, and it will also help ensure you’re hiring the right person for the job.

2. Blindly hiring contractors

Speaking of hiring the right person: There are a million ways for home upgrades and repair projects to go wrong, and one of the best ways to avoid this is by making sure whichever contractor you hire has a long list of glowing reviews.

No matter what kind of work you’re having done—construction, repairs, or even just some landscaping—always make sure the people you hire come highly recommended by someone you trust.

“Always ask for recommendations,” says Michael Branson, CEO of All Reverse Mortgage Inc. “Your neighbor may know a good contractor or handyman who could help fix up your home. Remember, the biggest compliment a business can receive is word of mouth.”

3. Not budgeting for new expenses

While you might have your mortgage and utility bills under control, there are a lot of other expenses that come with homeownership that you’ll want to plan for as well. This includes any homeowners association fees, homeowners insurance, regular maintenance fees, and even property tax.

“Consult a real estate professional who will inform you of the neighborhood’s usual property taxes and insurance costs,” suggests real estate investor Richard Mews. “Another idea is to request the seller’s utility bills for the last year or so.”

Though the latter might seem weird, most sellers will understand: Whatever information you can get will help you feel more prepared for all those new expenses.

4. Ignoring routine maintenance

One thing a lot of first-time homeowners overlook is the simple fact that they’ll have to do routine maintenance—like, usually something every month.

These are things you’ll want to learn about relatively quickly, since putting them off can end up costing you a lot in repairs.

“Keep a recurring list of preventive maintenance tasks,” says John Bodrozic, CEO of HomeZada. “Your home is essentially a collection of assets—like equipment, appliances, building materials, fixtures, finishes, and landscaping. All of these things need preventive maintenance to make sure the home is operating efficiently, which saves you money on your monthly energy bills and avoids expensive fix-it and repair costs.”

5. Making home improvements too soon

When you get into a new home, it can be tempting to start filling it with all of your dream furnishings—or even to embark on some expensive remodeling project.

My best advice to new homeowners? Hold off.

What you envision for your house will likely change, especially the longer you live in it. Start by using the furniture you have, and making small upgrades by shopping for used items.

Once you’ve lived in the home for a few months, and understand how you actually use each space and what you ultimately want from it, you’ll be in a much better position to start spending the big bucks on remodeling and those fancy new furnishings.

6. Not winterizing your home

Unless you live in Florida, chances are you’ll have some light winterizing to do around your new home before cold weather hits.

“Whether it’s because they don’t know where to start or they’re not sure if it’s necessary, (not winterizing your home) is a big mistake,” Haley says.

Whether that means draining pipes of water to avoid freezing temperatures or adding insulation to save on heating, these are some of the most important seasonal chores you’ll ever do as a homeowner.

7. Assuming you and your partner are on the same page

Becoming a first-time homeowner with someone puts a whole new twist on the relationship, which is why it’s so important to keep good communication throughout the process, and especially in those first few months.

“Don’t make decisions without discussion,” says Phillip Ash of Pro Paint Corner.

“If you’re buying your home with your partner, chances are that you’ve lived together before and know each other’s decor taste and habits. But once you own a home, it becomes even more imperative that any decisions that affect the other person are talked about. This is important—whether it’s paint color, home decor, or bigger things like renovations and taking on additional monthly expenses.”

Bottom line: Homeownership will be much more rewarding when both of you are involved in the process.

Get more tips like this on Realtor.com

Related Links

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.

Search Homes in Colorado

Search Homes in Oklahoma

Search Homes in Oregon