Sold @532K in 3 weeks.1920 N. Clark..Carpe Diem.Why not be next..

Sold @532K in 3 weeks.1920 N. Clark#14A..Carpe Diem.Why not be next..

1728 W. Diversey..New to Mkt..Duplex-up Penthouse

Come check out the virtual tour to a great new duplex-up penthouse..


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SAVING MONEY WITH SALVAGED BUILDING MATERIALS

SAVING MONEY WITH SALVAGED BUILDING MATERIALS

If you’re looking to improve your home on the cheap, consider using salvaged building materials. Besides being less expensive than new materials, secondhand features can add character, quality, and value to your home. But note that the savings in dollars may require a greater investment in time and effort.

Remodeling with secondhand building materials has many fans. Some are owners of historic houses who improve their homes by adding period elements. Others follow green building practices and appreciate conserving resources and keeping materials out of landfills. And still others are looking for quirky elements that will break their homes out of cookie-cutter molds.

Recycled building materials are getting easier to find
According to the Building Materials Reuse Association, recycling is becoming more common in the construction industry. That means reclaimed building elements like doors, windows, plumbing fixtures, and wood flooring are increasingly easy to find.

Habitat for Humanity’s nationwide chain of ReStores sells recycled items, and many cities have architectural salvage yards. Online, neighbors advertise unwanted items on community bulletin boards, such as Craigslist, and national directories of recycled materials, such as EcoBusinessLinks, can be great sources for hard-to-find elements. And the price is right: reused pieces can be 50% to 75% cheaper than their new counterparts.

Searching for salvaged materials
Sounds terrific, right? But it’s not that simple. Using recycled building elements is like shopping at a thrift store: You can’t be certain you’ll find exactly what you’re looking for. Anyone interested in a good deal to spruce up their home—an ornate wood mantelpiece or a set of Victorian doors, for example—has to be willing to compromise on some of the details and commit some time to the endeavor.

If you live in or near a city and have access to a salvage yard, you’re in luck. Many receive multiple new shipments daily, and some, such as Seattle’s Second Use, post their offerings online.

But in most cases, there’s no substitute for regularly showing up in person to check out what’s available. If you’ve got something particular in mind, plan on spending a few afternoons at the salvage yard trying to track down what you’re looking for. The same is true if you’re exploring online: locating the right piece may take longer than you’d expected.

Before beginning your search, make sure you’ve got measurements in hand. It’s useful if you can allow for some wiggle room: unlike big home improvement stores, the items on sale are usually one-of-a-kind pieces. So while a recent truckload might have dropped off a beautiful old mantelpiece, the size might not be an exact fit; know in advance if you can manage with a slightly larger or smaller size.

Dealing with lead paint
Some old items need to be treated with serious care. Ruthie Mundell of Community Forklift, a salvage yard in Edmonston, Md., says that the staff tries to flag items that appear to be lead paint hazards—that is, anything painted prior to 1978, when the Consumer Product Safety Commission (CPSC) banned lead in paints.

Nevertheless, buyers of old painted items need to be aware of the potential hazards. Older paint doesn’t mean the pieces are unusable, but the paint must be thoroughly removed or sealed—never scraped or sanded. The CPSC offers guidelines for treating lead paint in the household.

Finding savings
Some salvaged pieces are better deals than others. The best is often flooring: careful shoppers can find used floor boards from quality old wood that’s difficult to come by these days. Sat Jiwan Ikle-Khalsa, a green living consultant in Takoma Park, Md., scoured a local salvage yard and found maple, white oak, and rare heart pine flooring at a low price for his renovated 1940s-era home. He estimates he saved more than $2,000 over the cost of new flooring.

Other useful finds are doors, particularly those already on a frame, and plumbing elements. Antique light fixtures can be a great bargain, but check whether they’ve been recently rewired before you buy; otherwise, you may have to do it yourself, or pay an electrician for the service.

Windows are common, but many older widows are single-pane and not energy efficient. These are better used for interior walls to add light and air flow between rooms. Stained glass panels are relatively common at salvage yards and cost from $50 to $500.

Sample price comparisons for various salvaged materials
Salvaged oak flooring: $1 to $3 per sq. ft.
New oak flooring: $4 to $10 per sq. ft.
Average savings for 12x16-foot room: $960

Salvaged interior solid panel door (basic): $20 to $50
New interior panel door: $200 to $400
Average savings: $265

Secondhand pedestal sink: $20 to $250
New pedestal sink: $100 to $800
Average savings: $315

Recycled crown molding: $.30 to $1 per lineal ft.
New crown molding: $.90 to $3 per lineal ft.
Average savings for 12x16-foot room: $72.80

Don’t forget to add in transportation costs. Not all salvage yards deliver, and those that do aren’t necessarily cheap: the cost of getting materials across town could be $100 or more. It might make more sense to borrow or rent a truck on your own.

The value of salvage building components
Salvaged elements may not add to a home’s appraised value, according to Chicago appraiser Tim McCarthy, president of T.J. McCarthy and Associates. An appraiser probably won’t include a home’s reclaimed heart pine beams in the kitchen or the bathroom’s antique plumbing fixtures when calculating the house’s value.

But that doesn’t mean the seller can’t use those amenities as selling points and boost the asking price accordingly. “It’s very market-specific,” McCarthy says. In higher-end neighborhoods, homebuyers may be willing to pay more for authentic elements that give a house personality.

McCarthy recommends talking with a local realtor before making changes; they’ll have a good sense of the housing market’s current demands and should be able to tell you whether a vintage element will boost your home’s market value.

Working with salvage
To effectively integrate salvaged items, Arne Mortensen, owner of Mortensen Design/Build in Seattle, recommends choosing a contractor who has a particular interest and experience in working with recycled building materials. Salvage yard staffs may be able to recommend someone; other sources for ‘green’ contractors include online sites like Angie’s List.

Nonetheless, the time-consuming legwork of finding good pieces generally falls to the homeowner. To make the process easier, spend time thinking about and researching online what you want before you begin to shop. And be prepared to be persistent; happy hunting takes patience

July Real Estate Update-5 Ways you can help resolve the foreclosure crisis

5 WAYS YOU CAN HELP RESOLVE THE FORECLOSURE CRISIS
(HouseLogic) - With foreclosures at record highs, nearly everyone lives in a neighborhood where the mortgage crisis has influenced property values. While the U.S. government seeks foreclosure solutions at the federal level, here are five ways you can work at the grassroots level to help turn the foreclosure crisis around in your neighborhood.

1. Volunteer to teach financial literacy or budgeting classes. To teach people in your community to better manage their finances, get training from an organization like Money Management International. After six hours of MMI training, you can teach classes on money and credit when you have time available. Or consider local groups, such as Portland, Maine’s, Institute for Financial Literacy.

2. Contribute to an organization fighting foreclosures. Your donation to such groups as the National Community Reinvestment Coalition or to United Way’s financial stability program helps fund financial counseling and other programs for borrowers facing foreclosure.

3. Volunteer to help restore distressed and foreclosed properties. Local Habitat for Humanity groups help distressed owners prepare properties for sale—thus avoiding foreclosure—and turn foreclosed homes into affordable housing. Help a few hours a week or periodically for particular projects.

4. Make Congress accountable. Take a few minutes to write and send an email to your legislator about the foreclosure crisis. Members of Congress can have a huge impact on the foreclosure crisis by passing meaningful legislation to aid struggling homeowners and their communities. Legislators really do listen to voters—especially when a large number write in support of the same position.

5. Help the unemployed. Unemployment and underemployment are big contributors to the foreclosure crisis. Get at the root cause of the foreclosure crisis by volunteering at an organization that helps people find jobs or save money on expenses.

Those organizations might include local thrift shops, food banks, home improvement recycling centers, or job clubs. Goodwill Industries International volunteers help run job placement and training programs. The Corporation for National Service can help you find local nonprofits in need of volunteers for other tasks.

Sold@455K in 3 weeks..Carpe Diem.Why not be next?

630 W. Wrightwood Chicago, IL. 60614