Austin Board of REALTORS® sent an email alert today to propose a change to Mayor Wynn’s Climate Protection Plan.  So far, it looks like REALTORS® agree with most aspects of the plan. Like most solutions, there’s a few areas of contention. Here’s what the email alert outlined:

What’s this about?
In early 2007, Austin Mayor Will Wynn released the Climate Protection Plan with the goal of making Austin the “greenest” city in the country, [including] the “Proposed Point of Sale Ordinance”….The city’s proposal would require that homeowners upgrade their homes and obtain a “Certificate of Compliance” from the city before they’re able to sell it. We oppose this plan for several reasons:

• Affordability – This type of out-of-pocket expense will prevent many homeowners from having the option to sell their home, particularly if they need to sell due to a difficult financial situation. In addition, the cost will inevitably be passed on to homebuyers, making it even more difficult to afford a home in Austin. 

• Extended sales process – Arranging the additional inspections needed to obtain a Certificate of Compliance (not to mention actually making the upgrades to properties) would draw out the time required to sell homes substantially. Further, Austin doesn’t currently have enough home inspectors in our city to fill the anticipated demand, promising even further delays. 

• Mandates- Do we want to require a “license” for homeowners to sell? – As it’s proposed now, this ordinance would essentially require that homeowners apply to the city for a “license” to sell their home (i.e. Certificate of Compliance). Do we want to spend our city’s resources on this activity and add this complication to the real estate process? Austinites buy and sell more than 25,000 homes each year…

What’s the alternative?

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Popularity: 13% [?]

In today’s ‘green conscious’ society, not only is there a moral obligation not to destroy and discard, but to recycle and reuse.

The eco-friendly ‘unbuild’ has now become an option to the traditional ‘tear-down’ of Austin real estate. According to a Wallstreet Journal article, an unbuilt house can be carefully disassembled, piece by piece, and the parts used for a new house and/or donated for reuse elsewhere. Whatever is donated can be deducted from income tax.

‘Unbuilding’ an Austin home may be the right thing to do for many reasons, but saving time and money is not top of the list. It will take longer to ‘unbuild’, but at least a couple of weeks and may end up being more expensive in the long run, even after any tax deductions. But, other benefits are the reuse of materials such as beautiful aged brick from fireplaces, stone foundations, custom woodwork, decorative tile or antique fixtures and working appliances.

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Popularity: 47% [?]

This hot alert was sent from Becky Hopkins at Austin Title.

A Special Edition of Real Estate Radio!

LIVE with David McMillan Saturday from 1-3 pm on TALK RADIO 1370AM…

You will not want to miss this special edition of Real Estate Radio Saturday from 1 to 3 on 1370AM.  We will get both sides of the controversial Austin City Council proposal calling for every home in Austin to pass an energy compliance inspection before it can be sold.

Attendees: Mayor Will Wynn along with Brewster McCracken and Mike Martinez of the city council, candidate Randi Shade and Socar Chatmon-Thomas from the Austin Board of REALTORS.

Live streaming audio on www.talk1370.com.

Popularity: 55% [?]

NOTE: This article is part of the forthcoming book, the Gotcha Guide™ to Buying or Investing in Real Estate. by DeeinAustin™

I was elated to see the Home Warranty of America (HWA) announcement of their GreenPlus Program earlier this year.

GreenPlus is an upgrade to HWA’s 13-month contract, which covers appliance and mechanical systems. GreenPlus makes Energy Star exchanges, replaces your water heater with a tankless version, and upgrades your heating system to 90% efficiency upon disrepair.

This is especially useful in Green cities like in Austin, where our mayor is preparing to roll out a Climate Protection Plan, requiring all Austin home owners to make green upgrades before they can sell their home.

The Dark Downside of Home Service Contracts

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Popularity: 39% [?]

By DeeinAustin™

Austin is consistently one of America’s top places to live, causing demand for housing to remain steady in most areas of the city.

As the Greater Austin metro area grows, we face rising home prices. Austin and other Texas cities are among the few in the nation to continue to appreciate while we face a recession.

We face tough questions every day. Their answer will affect our children and future generations.

Top Housing Issues in Austin

1. How can we create walkable, sustainable communities as the population increases?

2. How far should we take density if we want to remain livable?

3. How can we keep our city affordable, not just for low income wage earners, but for the working class, students, artists, musicians and young professionals.

What is affordable Austin real estate? An "affordable" home in Austin is about $160-180k with payments around $1300 to $1500 per month. This can get you a 3 bed, 2 bath, 1200-1700 square-foot home with a 2-car garage.

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Popularity: 25% [?]

By DeeinAustin™

Earlier this week, we discussed the Boomerang Home Buyer trend in Central Austin. A style gaining popularity since 2005 is Prefab Modern, also called modern modular. 

Modern prefab (modular) homes can be designed to suit a variety of tastes and price ranges.

In a previous post, we debunked the myths of prefabricated homes. Top benefits included solid construction, shorter build times and green techniques.

WHAT’S SO COOL ABOUT MODERN PREFAB?

Most modern prefab home have green, sustainable elements. The companies in Austin use green construction materials, have less on-site waste, and use energy-efficient appliances. Modern prefab styles can be seen in all areas of Greater Austin, including popular "suburban" areas like Dripping Springs, Leader, and Buda.

TOP 5 TIPS TO AVOID THE DOWNSIDE OF PREFAB MODERN HOMES

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Popularity: 11% [?]