Information on Mortages, Calculators, Current Market Conditions

Monday, September 16, 2024

What are Unrealized Taxes on Real Estate Gains

 




Unrealized Gains in Real Estate

Unrealized gains in real estate refer to the increase in the value of a property you own but have not yet sold. These gains are considered "unrealized" because they exist only on paper; you haven't actually profited until you sell the property at the higher market value.

Example: Imagine you purchased a house for $100,000. Over the years, the real estate market appreciates, and your house is now worth $1,000,000. You have an unrealized gain of $900,000 ($1,000,000 current value minus $100,000 purchase price). This gain remains unrealized because you still own the house and haven't sold it to lock in that profit.

Tax on Unrealized Gains in Real Estate

A tax on unrealized gains would require you to pay taxes on the increased value of your property even if you haven't sold it. In the example above, you would owe taxes on the $900,000 increase in your home's value, despite not having received any cash from a sale.

Why Propose a Tax on Unrealized Gains in Real Estate?

  • Addressing Wealth Inequality: Proponents argue that homeowners, especially those with high-value properties, accumulate significant wealth through property appreciation. Taxing unrealized gains could help redistribute wealth and provide funding for public services.
  • Preventing Tax Deferral: Without such a tax, property owners can defer paying capital gains taxes indefinitely by holding onto their appreciating assets or passing them to heirs, a strategy sometimes referred to as "buy, hold, and bequeath."

Challenges and Criticisms

  • Valuation Difficulties: Accurately determining the market value of real estate can be complex, especially for unique properties or in fluctuating markets.
  • Liquidity Issues: Homeowners might not have enough liquid assets (cash) to pay taxes on unrealized gains, potentially forcing them to sell their property to cover the tax bill.
  • Impact on Homeownership: Critics worry that taxing unrealized gains could discourage people from buying homes or investing in real estate, which could have broader economic implications.

Monday, September 11, 2023

🏡"New Rochelle Real Estate in August 2023: A Thriving Market Snapshot"

 

New Rochelle's Real Estate Update September 2023




Market Data



New Rochelle

Are you considering making a move to the charming City of New Rochelle in New York? If so, you're in for a treat! The real estate market in New Rochelle is buzzing with activity, and we've got the latest data from August 2023 to prove it.

Key Statistics:

Closed Sales: In August 2023, there were a total of 36 closed sales in New Rochelle, indicating a strong and active real estate market.

Median Sales Price: The median sales price for single-family homes in New Rochelle stood at an impressive $957,250. This figure reflects the city's desirability and the value it offers to homeowners.

Average Time on the Market: Homes in New Rochelle are in high demand, with an average time on the market of just 20 days. This rapid turnover showcases the eagerness of buyers to invest in this beautiful city.

Average Price per Square Foot: The average price per square foot for homes in New Rochelle was $441, underlining the investment potential in the city's real estate market.

Why Choose New Rochelle?

New Rochelle is renowned for its picturesque neighborhoods, and proximity to New York City. Whether you're looking for a quiet suburban lifestyle or easy access to the city's hustle and bustle, New Rochelle offers the best of both worlds.

The city's rich history, diverse community, and scenic waterfront views make it a top choice for those seeking a higher quality of life. With a thriving real estate market like this, there's no better time to explore the possibilities New Rochelle has to offer.

Invest in Your Future Today

Don't miss out on the incredible opportunities that New Rochelle's real estate market has in store. With a median sales price of $957,250 and homes flying off the market in just 20 days on average, the time is ripe to invest in this flourishing city.

Whether you're a first-time homebuyer, looking to upgrade, or considering an investment property, New Rochelle has options to suit your needs.

Contact me today to explore available properties and make the most of this thriving market. Your dream home in New Rochelle might be just a click away!

Thursday, August 3, 2023

New Rochelle Housing Market Update: June 2023 Data Analysis and Projections

  Housing Market for New Rochelle, NY Summer 2023




Introduction:

The New Rochelle housing market has been bustling with activity in June 2023, with 40 house sales recorded during the month. This data reflects an average time of 37 days on the market, indicating a relatively swift turnaround for properties in the area. However, the market also faced a significant challenge with houses not selling, often due to overpricing. As we move into the coming months, the landscape is expected to evolve further, considering the current mortgage rate of 7.79% for July and August. In this blog post, we delve into the latest housing market data, explore the impact of the mortgage rate, and offer insights for potential homebuyers and sellers.

  1. June 2023 Housing Market Highlights:

In June 2023, the New Rochelle housing market experienced an impressive 40 house sales, showcasing the continued demand for properties in the area. With an average time of 37 days on the market, buyers have demonstrated a keen interest and a willingness to act quickly. Additionally, the average price per square foot stood at $405, highlighting the value of real estate in this vibrant community.

  1. The Challenge of Overpriced Houses:

Despite the overall positive indicators, some houses in New Rochelle faced challenges when it came to finding buyers. The primary reason identified for this issue was overpricing. It is essential for sellers to carefully assess the current market conditions and work with experienced real estate professionals who can provide accurate property valuations. Properly pricing a property can make a significant difference in attracting potential buyers and ensuring a timely sale.

  1. Projected Impact of Current Mortgage Rate:

As we move into July and August, the housing market in New Rochelle is likely to see changes due to the current mortgage rate of 7.79%. Interest rates play a crucial role in affordability for homebuyers. A higher mortgage rate may lead to decreased buying power for potential homeowners, influencing their purchasing decisions and impacting housing demand. Additionally, sellers may need to consider pricing strategies in light of this rate change to maintain market competitiveness.

Conclusion:

The New Rochelle housing market has been vibrant, with strong sales and relatively quick turnaround times for properties in June 2023. However, the challenge of overpriced houses reminds us of the importance of accurate property valuation. As we head into the months of July and August, the current mortgage rate of 7.79% is likely to influence the market further. For those looking to buy or sell in New Rochelle, staying informed about the evolving market trends and seeking expert advice will be key to making the best real estate decisions. Whether you're a seasoned investor or a first-time homebuyer, understanding the dynamics of the housing market can empower you to make sound choices for your future.

Remember, the data we have shared is just a snapshot of the market at a specific time. For the most up-to-date information and personalized advice, don't hesitate to reach out to a local real estate agent who can guide you through the intricacies of the New Rochelle housing market.

Stay informed, make wise decisions, and find your dream home in beautiful New Rochelle, NY!



Tuesday, June 27, 2023

🤑The Power of the Mortgage Pre-Approval: Securing Your Dream Home with a Mortgage Pre-Approval

 The Importance of Getting That Pre-Approval



Where do you start the home Buying Process?


Searching for your dream home is an exciting journey filled with endless possibilities and the hope of finding the perfect place to call your own. However, before you embark on this adventure, there is a crucial step that should not be overlooked: obtaining a mortgage pre-approval. Securing a pre-approval for your home loan before starting your house hunt can make all the difference in ensuring a smooth and successful home-buying process. In this article, we will delve into the importance of getting a mortgage pre-approval taken care of prior to commencing your house search.


  1. Gain a Realistic Understanding of Your Budget: One of the primary advantages of obtaining a mortgage pre-approval is gaining a clear understanding of your budget and financial capabilities. By going through the pre-approval process, a lender will assess your financial situation, including your income, credit score, and debt-to-income ratio. This analysis will provide you with an accurate estimate of the amount you can borrow and the type of home you can afford. Armed with this information, you can confidently search for homes that fall within your budget, avoiding the disappointment of falling in love with a property that is out of reach.
  2. Strengthen Your Negotiating Power: A mortgage pre-approval demonstrates to sellers that you are a serious buyer who has taken the necessary steps to secure financing. When you submit an offer on a house, having a pre-approval letter in hand instantly boosts your credibility as a buyer and signals to sellers that you are prepared to move forward with the transaction. This can provide you with a competitive advantage in a hot real estate market where multiple offers are common. In fact, sellers may even be more inclined to negotiate with a pre-approved buyer, as they have confidence in your ability to secure financing.
  3. Save Time and Streamline the Process: Searching for a new home can be a time-consuming endeavor, involving multiple viewings, inspections, and paperwork. Without a mortgage pre-approval, you run the risk of wasting time and effort on properties that are beyond your financial reach. On the other hand, with a pre-approval in hand, you can focus solely on homes that fit your budget and meet your requirements. This not only saves you time but also streamlines the buying process, allowing you to move forward swiftly when you find the right property.
  4. Identify and Resolve Potential Issues Early On: Obtaining a mortgage pre-approval involves a thorough assessment of your financial situation. This process may uncover any potential issues that could hinder your ability to secure a loan, such as errors in your credit report or outstanding debts. Identifying these issues early on gives you an opportunity to address them and improve your financial standing before making an offer on a home. By proactively resolving any issues, you can increase your chances of obtaining a favorable mortgage rate and terms.


In the realm of home buying, a mortgage pre-approval can be a game-changer. It provides you with a realistic understanding of your budget, enhances your negotiating power, saves time, and allows you to address any potential obstacles in advance. By securing a pre-approval before embarking on your house search, you position yourself as a serious buyer and significantly increase the chances of finding and securing your dream home. So, take the time to go through the pre-approval process and empower yourself with the knowledge and confidence needed to navigate the home-buying journey successfully.


This link is for Mortgage Information

Wednesday, June 14, 2023

🏡💵Real Estate Auctions in Westchester County, NY: A Comprehensive Guide

Going Once, Going Twice-Sold!




Buying for yourself or Looking for an Investment

If you're in the market for a new home or investment property in Westchester County, New York, you may want to consider exploring real estate auctions as an alternative to the traditional buying process. Real estate auctions offer a unique and innovative method of selling properties, providing a platform for intense, accelerated marketing through competitive bidding. In this blog post, we will explore the concept of real estate auctions, the different types of auctions, and provide valuable insights on how to successfully navigate the auction process.

What is a Real Estate Auction?

A real estate auction is a public sale of a property, conducted by either the homeowner, homebuilder, government, or a bank. Homeowners may choose to auction their property to facilitate a quick sale, while homebuilders may opt for auctioning a group of homes that have been on the market for an extended period without attracting sufficient buyer interest. Additionally, the government can seize properties from individuals who have failed to pay their taxes or violated federal laws and subsequently auction them off. Another common type of auction involves bank-owned properties, where the bank auctions a home instead of selling it through foreclosure.

Types of Real Estate Auctions:

1.  Minimum Bid Auction: In this type of auction, the auctioneer establishes a minimum price that must be met for the property to be sold. This minimum price is typically published in the auction listing materials, allowing potential buyers to determine the starting point for bidding.
2. Absolute Auction: An absolute auction does not have a minimum price requirement. The property is sold to the highest bidder, regardless of the bid amount. This type of auction often attracts more bidders and generates a higher level of competition.
3. Reserve Auction: A reserve auction allows the seller to review the bids and accept or reject the highest offer within a predetermined time frame. The seller has the right to set a reserve price, which represents the minimum price they are willing to accept for the property. If the highest bid does not meet or exceed the reserve price, the property may not be sold.

How to Buy a Home at Auction:

Purchasing a home at an auction requires a different approach than the traditional process of touring homes, making offers, and negotiating with sellers. Here are the key steps to buying a home at auction:
Review Auction Listings: Begin by researching auction listings to gather information about the properties scheduled for auction, including dates and locations. You can find this information at your county recorder's office, county website, or resources like the U.S. Treasury's Real Property Auctions.
Prepare Financially: Most auctions require the winning bidder to provide a cashier's check for the minimum amount specified by the auction holder. You will also need to cover auction fees, bidding fees, and make a deposit (earnest money) before leaving the auction site. Ensure that you have enough liquid assets to cover these costs.

Determine Financing Options: 

While most auctions do not permit financing, some may offer this option. If you are interested in a property that allows financing, get pre-qualified before the auction. Additionally, consider attending open houses to assess the property's condition, estimate renovation costs, calculate your bottom line, and determine your total investment.

What to Bring to a House Auction:

To ensure a smooth auction experience, make sure to bring the following items:
1. Cashier's Check: You will need a cashier's check to cover auction fees, bidding fees, and earnest money deposit.
2. Loan Documentation: If financing is permitted, bring proof of your financing arrangements.
Should You Buy a House at Auction?
While real estate auctions can offer the opportunity to purchase a property at a potentially lower price, it is crucial to approach them with caution. Many auctioned homes were previously owned by individuals

Tuesday, June 13, 2023

Step into the Fascinating World of "Goodfellas": Exploring the Iconic Mobster Movie's New Rochelle, NY Filming Location

 The New Rochelle Locations Then and Now for the Movie "Goodfellas"




If there's one mobster movie that has left an indelible mark on cinema history, it's undoubtedly "GoodFellas." Directed by the legendary Martin Scorsese, this film is a gripping tale that follows the life of Henry Hill, a mobster turned FBI informant. Starring Ray Liotta as Henry Hill, alongside Joe Pesci as "2 Guns Tommy Devito" (Tommy Desimone) and Robert DeNiro as Jimmy Conway (Jimmy Burke), "Goodfellas" has become a timeless classic. Not only does it captivate audiences with its compelling storyline, but it also immerses viewers in the authentic atmosphere of the New York City underworld.

Throughout the movie, "Goodfellas" takes us on a journey through various locations in and around New York City Metro area. Many of the scenes were shot in the vibrant boroughs of Queens and Brooklyn, while some of the most memorable moments were filmed right here in New Rochelle, NY. 

Today, we're going to embark on a tour in New Rochelle of these iconic filming locations, comparing how they looked during the late 1980s to their present-day appearances.

The most intriguing filming location lies outside the city limits, in New Rochelle, NY. It is here that the iconic scene featuring Henry Hill as he beats Karens neighbor with a hand gun. This moment, filled with tension has become etched in the memory of countless movie enthusiasts. As we drive in front of this unassuming suburban residence, we can't help but be reminded of the power of storytelling and the lasting impact of cinema.

Through the lens of "Goodfellas," we gain insight into the lives of mobsters, their struggles, and the consequences of their choices. The meticulous attention to detail in the movie's filming locations is a testament to Scorsese's dedication to authenticity and his ability to transport audiences to another time and place. The juxtaposition of past and present, as we compare old photographs taken from the movie to the current state of these locations, serves as a poignant reminder of the passage of time and the enduring legacy of great cinema.

As our tour of "Goodfellas's" filming location in New Rochelle comes to an end, we reflect on the power of movies to both entertain and educate. Through the magic of filmmaking, we can step into the shoes of characters like Henry Hill and experience their triumphs and tragedies firsthand. Whether it's exploring the vibrant streets of Queens, immersing ourselves in the gritty neighborhoods of Brooklyn, or visiting the unassuming homes in New Rochelle, we are reminded that these places hold a special significance in the world of cinema.

So, the next time you watch "Goodfellas," take a moment to appreciate the rich tapestry of its filming locations. These sites serve as more than just backdrops; they are integral pieces.

All the Movie Photos are taken from the Movie Goodfellas, Directed by Martin Scorsese and Distributed by Warner Brothers Pictures







Sunday, May 21, 2023

🌆My Life in New Rochelle a Resident's Perspective

 🏡Growing Up in New Rochelle, NY






I am Thomas Roberts, also known as RealtorTom, and I have been a resident of New Rochelle, NY for over five decades. My father, Dr. Donald Roberts, served as the pastor of the First Presbyterian Church on 50 Pintard Avenue from 1966 to 1984. Unfortunately, he passed away in 2015 at Montefiore Hospital, formerly known as New Rochelle Hospital.

Throughout my life, regardless of my location or circumstances, I have always considered New Rochelle my true home. Growing up as a Preacher's Kid (PK) and living in the manse adjacent to the church, I felt at the center of New Rochelle's vibrant community. Various community leaders frequently visited my father, seeking his guidance and collaboration. He actively engaged with different groups and community organizers in the city, playing a key role in the establishment of July-o-Rama on David's Island during the late 1960s and early 1970s. Moreover, both of my parents dedicated themselves to feeding the homeless, leading support groups, and supporting numerous community leaders of that era. New Rochelle, during the 1970s and 1980s, offered an exceptional environment for my upbringing.

Artwork on the Wall at 14 Biehn St

During my younger years in New Rochelle, I witnessed significant events, including the fire at New Rochelle High School in May 1968, the grand opening of the "New Mall" on LeCount Place in November 1968, the sniper incident at the Neptune storage building on Weyman Avenue, the fire at Crab Tree Motors in December 1971, the opening of the New Library on Laughton Place, and the closure of the old library on Pintard Avenue.

Among the cherished memories, I recall the movie theaters on Main Street, namely RKO Proctors, Town Theater, and the small theater across from Town Theater, which hosted the long-running Rocky Horror Picture Show. These landmarks have come and gone, with the "Mall" being closed and demolished, only to be reborn as "New Roc City," which now faces an uncertain future.

One of our favorite dining spots while growing up was the Thru-way Diner, which, I believe, has now transformed into a Walgreens. When I attended college in West Virginia, I often tried to convey to my classmates what it was like living in a true melting pot. New Rochelle exemplified a community where people from diverse cultural and social backgrounds coexisted and worked together, fostering tolerance and creating a vibrant mix of individuals and ideas. Undoubtedly, New Rochelle has encountered challenges and faced significant issues. As the city progresses, these challenges and opportunities will continue to shape its identity. In many ways, this ever-evolving fabric of the city creates a patchwork, akin to a beautifully multi-colored quilt.


Saturday, May 20, 2023

🌳🌲Creating that Westchester County Green Eco Friendly Home

🌳🌲Living That Green Eco-Friendly Lifestyle






Designing a Greener Home: Key Considerations and Room-Specific Tips

To achieve a better green home, prioritize thorough planning to save time and money during construction. Address the following aspects early in the design process:

  1. Opt for a smaller, more efficient home instead of a large one, maximizing space utilization.
  2. Incorporate multipurpose spaces, such as a home office that can double as a guest room, to make the most of available space.

To save on construction costs and reduce environmental impact:

  1. Consider a multistory home instead of a sprawling one-story design, as vertical expansion is often more cost-effective and minimizes landscape disruption.
  2. Make the structure adaptable and choose materials and components that can be reused or recycled.
  3. Instead of building from scratch, explore the option of remodeling or adding an extension to your existing home, reallocating the saved funds towards sustainable investments like solar panels.
  4. Collaborate with professionals experienced in green building practices, including green financiers and contractors, to protect the environment and save money simultaneously.

Implement these green practices:

  1. Plan for easy recycling by incorporating provisions for storing recyclables, such as installing recycling bins in the kitchen and utilizing compostable food waste bins.
  2. Prioritize the use of healthy, low-toxic materials, selecting recycled and sustainably harvested products.
  3. Minimize waste and streamline installation by designing around standard sizes, such as aligning bathroom dimensions with chosen tiles.

Focus on energy efficiency and renewable energy:

  1. Incorporate high levels of insulation, high-performance windows, and tight construction for an energy-efficient building.
  2. Design buildings to harness renewable energy, considering solar water heating, photovoltaics, or designing the roof for future solar panel installation.
  3. Leverage natural sunlight through daylighting techniques to reduce energy consumption.

Maximize water sustainability:

  1. Install a graywater system to reuse soapy water from bathing, dishwashing, or clothes washing for flushing toilets or irrigating the garden.
  2. Utilize rainwater by collecting it from the roof for toilet flushing or lawn watering.
  3. Design water-efficient and low-maintenance landscaping, favoring native and natural options over resource-intensive lawns.

Ensure a healthy living environment:

  1. Mitigate potential health hazards like radon, mold, and pesticides by incorporating design features that reduce their risk.
  2. Use insect-resistant detailing to minimize the need for pesticides.

Now, let's focus on specific rooms and their green design aspects:





The Kitchen:


  1. Prioritize good ventilation by utilizing windows, skylights, and Energy Star-rated exhaust fans to effectively remove cooking vapors and odors.
  2. Optimize natural sunlight by positioning work and food-preparation areas near windows and skylights, reducing the need for electric lighting.
  3. Switch to energy-saving compact fluorescent bulbs for lighting.
  4. Invest in Energy Star-rated appliances for long-term energy and cost savings.
  5. Replace outdated plumbing fixtures with low-flow alternatives to conserve water.
  6. Consider options like foot-pedal controls for reducing water usage.

Bathrooms:


  1. Choose natural linoleum flooring instead of vinyl for a healthier and eco-friendly option.
  2. Select cabinets and countertops made from sustainable materials such as bamboo, Forest Stewardship Council-certified wood, recycled glass, salvaged stone, or paper resin.
  3. Use eco-friendly wall tiles sourced from recycled glass and ceramics.
  4. Opt for low- or zero-VOC paints and ensure proper ventilation to maintain good indoor air quality.
  5. Replace old toilets with dual-flush models or consider composting (waterless) toilets for the most environmentally friendly choice.
  6. Use nontoxic cleaning products, soaps, and lotions to protect your family's health and prevent water pollution.



Bedrooms:


  • Use formaldehyde-free insulation to insulate the walls and block unwanted noise.
  • Lower the thermostat and use an extra blanket instead, or use a timed, programmable thermostat to warm up the room before waking up.
  • Opt for mattresses and linens made of natural materials.
  • Choose non-vinyl carpeting and low- or zero-VOC paints to improve sleep quality.
  • Keep the electric clock away from your head to avoid disturbance from electromagnetic fields.


Remodeling for a green home:


  • Remodeling your existing home is an environmentally friendly choice compared to building a new one.
  • A well-planned renovation project can transform your current house into a green dream home.
  • Consider adding insulation, energy-efficient windows, and water-saving fixtures if your home is older.
  • Green remodeling can help save money on utility bills.


Planning your remodel:


  • Before starting, consider which green remodeling projects are a priority for your home.
  • Planning is essential to avoid added costs in terms of time and money.


Examples of green remodeling projects:


  • Removing moldy carpet to prevent respiratory problems and fixing water leaks.
  • Installing dual-flush toilets to save water and reduce sewer loads.
  • Figuring out the payback period for investments, such as installing solar panels or efficient windows.
  • Energy-efficient windows help save money on heating and air conditioning by reducing energy loss.


Install energy-efficient appliances to save money on energy bills, including over $400 per year on heating bills with high-efficiency options like Energy Star appliances.


Insulate your water heater to increase efficiency and save $156 on water heating over a typical four-year lifespan.

Install low-flow showerheads and faucet aerators to reduce water consumption and energy costs by up to 50%, saving around $100 per year.


Choose nontoxic paints, such as low-VOC and zero-VOC options, which are durable, cost-effective, and less harmful to people and the environment.


Install a programmable thermostat with a timer to save 5% to 15% per year on energy bills by automatically adjusting temperature settings.


Test your home for radon, a harmful gas that can increase the risk of lung cancer, using low-cost, do-it-yourself radon test kits.

Insulate your roof to reduce heat loss and save 13% per year on heating bills.


Install solar panels on your roof to save money on energy bills, generate pollution-free electricity, and achieve a payback period of four to seven years.


Switch to a solar water heater to save 50% to 85% per year on energy bills while using an environmentally sustainable system.

Install sun tunnels to bring natural light into dark areas of your home, reducing the need for artificial lighting and saving on electricity costs.


Consider a whole-house fan to save up to 30% on air-conditioning costs and improve attic ventilation.


When making green building or remodeling choices, prioritize natural and nontoxic products, those with low embodied energy, sustainably harvested materials, recyclable or biodegradable options, products with recycled content, locally harvested materials, and durable products that require minimal maintenance. Evaluate each decision based on its specific project requirements.


Green Building and Remodeling Priorities:


  1. Natural, nontoxic: Healthy, nonsynthetic, and grown products.
  2. Low embodied energy: Easy to gather and nonpolluting products.
  3. Sustainably harvested: Products gathered without destroying the source.
  4. Recyclable/biodegradable: Products that can be reused or returned to the earth.
  5. Recycled content: Products with a high percentage of reused materials.
  6. Locally harvested: Products sourced within 500 miles.
  7. Durable: Long-lasting products that require minimal maintenance.


Choosing Green Materials for Remodeling an Old Home:


Remodeling older homes presents challenges due to their unique characteristics. However, remodeling can save materials compared to building new. Consider the following issues:

  1. Salvaging the wood: Old-growth wood can be salvaged and reused but consult an architect or structural engineer before using it for structural purposes.
  2. Asbestos awareness: Older homes may contain asbestos, which should be handled by licensed asbestos abatement contractors.
  3. Lead paint precautions: Lead-based paints, commonly used in the past, require caution. Keep old paint intact unless confirmed lead-free. Consult licensed professionals for lead-abatement.
  4. Finding Green Materials: Resources for green materials include the American Institute of Architects (AIA), BuildingGreen.com, GreenHomeGuide, manufacturer sales reps, U.S. Green Building Council (USGBC), local showrooms, and city offices with environmental departments.


Identifying the Right Professionals for Your Home Project:


Building or remodeling a home requires a team of professionals. Consider the following factors:

  1. Architect: Seek an architect familiar with green building through local AIA chapters.
  2. Contractor: Look for contractors experienced in green construction practices.
  3. Structural engineer: Consult an engineer for structural considerations.
  4. Paint contractor: Licensed paint contractors can assist with lead-based paint issues.
  5. Lead-abatement specialist: Hire professionals specialized in lead-based paint removal.
  6. Local showrooms and distributors: Visit showrooms offering green materials and consult manufacturers for local distributors.
  7. City offices and waste-management authorities: Contact local environmental departments for resources and showrooms.


Remember that home projects involve significant investments, and choosing the right professionals is crucial. Be thorough in your selection process and consider the recommendations provided.


When undertaking a home building or remodeling project, assembling a skilled team is crucial for success, regardless of whether it's a green project or not. It's best to collaborate with individuals who possess relevant expertise, having previously worked on similar-sized projects with comparable budgets and scopes.


To ensure you find the right people, prioritize those who are knowledgeable, reputable, and passionate about green building. Take the time to ask questions and conduct thorough research before making your selection.


Real estate agents play a vital role in the process of building or purchasing a new home. They are adept at contract negotiations and can provide valuable information about the neighborhood's features. Consider working with a Certified EcoBroker from the Certified EcoBroker program, which helps agents specialize in serving green-minded buyers. Visit their website or inquire with your agent about their certification status.


When it comes to financing your project, mortgage brokers are instrumental. Your mortgage will likely be the most significant financial commitment, and it's crucial to explore various mortgage and construction loan options based on your income, credit rating, and post-project property value. Lenders may have input on the project's size and may suggest traditional construction methods instead of green alternatives. Your broker can assist in negotiating favorable terms with different lenders. Green financing options have emerged, highlighting the reduced operating costs of green buildings, enabling homeowners to afford larger mortgages. Consult with your broker for details on new mortgage programs available in your area. One such program is the Energy Efficient Mortgage (EEM) program developed by the U.S. Department of Housing and Urban Development (HUD) for Fannie Mae, aimed at promoting the purchase of greener homes. However, note that the maximum mortgage available through the federal EEM may be limited and visit HUD's website for more information.


An architect is essential whether you're renovating or constructing a new home. They play a crucial role in designing the house and managing the contractor selection process. Architects are licensed professionals who handle legal and safety considerations related to construction. In most states, you'll need an architect to prepare drawings for any structural changes requiring a building permit. Even for minor projects, an architect can provide valuable assistance, such as guidance on painting, window replacements, and appliance upgrades.


Engage an architect early in the project to evaluate locations, define goals, and create initial schedules. Seek referrals from friends and family to find a compatible architect who can deliver a design you'll love. If you can't find a local green architect, consider reaching out to architects from other regions who may be willing to work on projects remotely.


Numerous online directories can help you find green architects, such as GreenHomeGuide, Green Building Blocks, and Vivavi's Modern Green Living Home Directory. When meeting with potential architects, assess their compatibility by observing their office for green building materials and asking relevant questions about their experience and portfolio. Inquire about their green building training, continuing education programs, and examples of green materials they use. Request a list of standard green building measures they incorporate into their projects and inquire about which features they would recommend for your specific project. It's essential to obtain contact information from past clients and follow up with them to learn more about their experiences.


During the meeting, the architect will evaluate your goals, concerns, and budget for the project. Prepare your ideas on these aspects beforehand. Keep in mind that hiring a design professional is a worthwhile investment, saving you time, streamlining the permitting process, and preventing costly construction mistakes. Architects typically charge a fee ranging from 7% to 18% of the construction cost, so factor this into your budget.


A capable architect will prove invaluable throughout the design and construction process, ensuring a successful outcome for your project while minimizing complications and overseeing the contractor's work.


Contractors are responsible for building homes based on architectural drawings. It's crucial to choose a competent, honest, hardworking, and financially responsible licensed contractor to mitigate risks. Seek referrals from your architect, friends, and family, and check out online directories like GreenHomeGuide.com for listings and client reviews.


When meeting potential contractors, ask about their green building features, their approach to handling specific issues, their goals for the project, and their concerns and challenges. Inquire about their past experience with similar projects and assess if your construction budget is feasible. If a contractor discourages your green goals, consider finding someone else.


When gathering bids, the quotes should generally be within 20 percent of one another. If there's a significant discrepancy, clarify misunderstandings or omissions in the project.

Certification programs for builders exist to showcase their commitment to green building and provide recognized standards. Check with your local building department for certified green builder programs available in your area.


Interior designers play a crucial role in enhancing projects. Look for designers who specialize in green building and can incorporate low-toxic finishes, sustainable furnishings, and natural fabrics. Use magazine photos to convey your preferences to the designer and ensure they align with your green goals.


For large yards or properties, landscape architects can transform outdoor spaces into beautiful and functional areas. Seek architects specializing in sustainable landscaping, utilizing native plants that contribute to the environment. They can design shading structures, planter beds, and decks to enhance your outdoor experience.


Mechanical engineers may be necessary for large homes to design heating and cooling systems. They are skilled in passive solar design, harnessing the sun's energy for temperature regulation. Consult with your architect and contractor to determine if a mechanical engineer is required and where to find one. Communicate your energy-efficiency goals to guide their system selection.


Green building consultants are valuable when your architect and contractor lack green building expertise. They can evaluate your plans, provide recommendations for improved energy efficiency and health, source materials, offer design advice, and perform energy analyses. Fees for these consultants vary, so be clear about your requirements.


Various sources can help you find green professionals. Numerous local green business programs and directories have emerged to meet the growing consumer demand for green building. Research and select trustworthy sources based on your location, such as certified green business programs coordinated by associations or online platforms like EnviroStars. Participation in these programs is voluntary and free.


Resources:


I have gone over and tested the links to these websites and they are working at the time of this publishing.


Building Material Resources:


Dept Of Energy: Solar

Westchester Resources




New York State Resources:


Find a Contractor in New York: NYS Contractor

New York State Geothermal

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