F REAL ESTATE SATURDAY, JUNE 12, 2010 THE OKLAHOMAN | NEWSOK.COM INDEX Handy@Home 6F Barry Stone 6F Permits 8F Kenneth Harney 11F HOUSE PLAN Room with a view Rich expanses of glass in the split-level Winchester make this home well-suited to watching ocean sunsets, forest and lakeside wildlife, or appreciating countless other scenic views. PAGE 8F LISTING OF THE WEEK Traditional comfort The Listing of the Week is a traditional home with a gazebo, sprinkler system and other extras in Newcastle. PAGE 10F IN BRIEF BOOK AIDS KITCHEN PLAN Designer Terence Conran’s “Essential Kitchens” helps homeowners think through all of the issues involved with building or remod- eling a kitchen. The book addresses everything from the layout to the wall color. The book is British, so refer- ences to things such as larders and splashbacks might give American read- ers pause. Never- theless, the book provides an over- view to kitchen plan- ning that might prove useful to someone who’s still in the dreaming phase. The photos are a bonus, partic- ularly for people who are drawn to European style. It’s published by Octo- pus Publishing Group for $20 in hardcover. GARAGE DOOR AS A CANVAS If you’re going to hide the stuff in your garage, why not hide it behind an illusion? Photo murals cover your garage door and let you trick the neighbors into think- ing you have an airplane or an an- tique car parked in your garage — or maybe that your garage opens to a view of Manhattan. The murals, from Style-Your-Garage .com, adhere to the door with hook-and- loop tape. They’re designed for up-and- over garage doors but can be adapted to some other door styles. Designs in- clude vehicles, land- scapes, rooms and animals. You can even have a mural custom-made from your own photo. MCCLATCHY-TRIBUNE INFORMATION SERVICES. It was the late 1950s, and the man who could be called Okla- homa’s most accomplished ath- lete since Jim Thorpe was training to earn a slot on his third Olym- pics team when suddenly he strained his ankle and twisted his future. Jesse William “J.W.” Mashburn, 1957 Oklahoma A&M grad and ’56 Melbourne Olympics gold medal- ist — before that, a member of Capitol Hill High School’s state championship football teams in ’49, ’51 and ’52 — tore his Achilles tendon that day. And with it, he tore up his hopes of participating in the 1960 Summer Olympic Games. But during his long, slow re- covery process, Mashburn said, he “started selling a little real es- tate.” The rest, as they say, is history. By 1960, when the 4x400-me- ter relay team he had hoped to lead flew to Rome for that year’s summer games, Mashburn had built and sold his first house, on SW 59 in Oklahoma City. The four-time All-American at Oklahoma A&M (1952-56) made the 1952 Olympic team but was not allowed to compete because the U.S. coach said he was too young at 19 years old. A few days after the Olympics, though, he was part of a U.S. 1,600-meter re- lay team that set a world record. In the 1956 games at Melbourne, he ran a leg in the U.S. gold medal- winning 1,600-meter relay team. Today, Mashburn still is build- ing homes and developing neigh- borhoods that have earned his company the Oklahoma State Home Builders Association’s “Home Builder of the Year” Award, among other distinctions. And he still looks like he could leave you choking on dust in a 400-meter race. Tall and robust with a head of grandfatherly gray hair, Mash- burn oversees development in his newest additions, Cascata Lakes, The Villas at Cascata Lakes and The Legacy, which straddle S May Avenue between SW 136 and SW 140. At 160 acres each, the Cascata additions and The Legacy are dra- matically different from Mash- burn’s first development — 5 acres on S Walker Avenue divided into “eight or 10” lots, Mashburn re- called. “Our designs are so much more open” than floor plans in the ’60s and ’70s, Mashburn said. The homes Mashburn builds today differ from those he built a HOMEBUILDER IS GOING THE DISTANCE J.W. Mashburn is in his model home at 2832 SW 140. Mashburn, a gold medalist in track in the 1956 Olympics (inset, at Oklahoma A&M in 1955), is in his 50th year of home building, almost all of it on Oklahoma City’s south side. PHOTOS BY JOHN CLANTON, THE OKLAHOMAN AWARD | OLYMPIC GOLD MEDALIST EARNS DISTINCTION, TALKS ABOUT FIVE DECADES OF BEING IN THE BUSINESS BY TIM FALL Special Correspondent [email protected]Homebuilder J.W. Mashburn says design styles and mortgage fi- nancing have changed considerably since he started building homes 50 years ago. This Mashburn model home is at 2832 SW 140. SEE MASHBURN, PAGE 2F When it comes to home buying, many families with young children find it in- creasingly difficult to af- ford all the features they’d like, so most must accept trade-offs, said Eric Tyson, a personal finance expert and co-author of “Home Buying for Dummies.” “What families want and what they can afford in a home are often two ve- ry different things,” Tyson said. Granted, home prices in many areas have moderat- ed relative to prices before the recession. And mort- gage rates remain low for buyers with good credit. Still, lenders are demand- ing larger down payments, and many buyers lack the cash. “Chances are you won’t be able to buy a place with just 5 or 10 percent down. You’ll probably need 20 percent,” Tyson said. Another factor con- straining homebuyers is that more people, espe- cially those holding pri- vate-sector jobs, are expe- riencing income declines. The best way to maxi- mize your finances is to set priorities carefully and to put your most desired fea- tures high on your wish list. Here are several sug- gestions for homebuyers with young children: › Don’t make assump- tions about neighbor- hood schools on test scores alone. There are many other factors to con- sider, as well, said William Bainbridge, president of the SchoolMatch Institute, a research organization fo- cused on comparative school quality. When matching up neighborhoods, Bain- bridge urges parents to take the time to visit schools and pose ques- tions to teachers and ad- ministrators. By doing so, they’ll get a feel for the culture of each school and whether its employees support and encourage the students who attend. › Consider how much yard space you need. Many parents, recalling their own carefree child- hood in the suburbs where big yards were the norm, assume their children will fare well living in a similar setting. But what worked for you growing up isn’t necessar- ily best for your kids, Ty- son said. Rather than focusing heavily on yard size, he suggests you think about the outdoor features of a neighborhood, including parks and open space. › Select a floor plan that functions well for your family. Tyson said it’s more important for those with young children to have a floor plan that en- courages togetherness than to have a large home. “You probably won’t use a formal dining room ex- cept on Thanksgiving. You’ll find more use for an inviting, good-sized fam- ily room,” he said. › Try to buy as many bedrooms as you can af- ford. New houses with lots of square footage typically feature spacious master bedroom suites. Second- ary bedrooms, designed for children or guests, also are large, often with their own walk-in closets or even private bathrooms. But Tyson insists it’s more important to have an adequate number of bed- rooms because “families with enough bedrooms can give siblings with dif- ferent school schedules their own rooms,” ensur- ing that “the kids get enough sleep.” E-mail Ellen James Martin at ellenjames [email protected]. UNIVERSAL UCLICK Assess family’s priorities when buying a home Ellen James Martin SMART MOVES Mi-Ling Stone Poole ASK MI-LING FREEDOM OF CHOICE Decorating is a per- sonal choice and when people are decorating their home they should incorporate items that make them feel comfortable and at ease. PAGE 4F
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FREAL ESTATESATURDAY, JUNE 12, 2010 THE OKLAHOMAN | NEWSOK.COM
INDEX
Handy@Home 6FBarry Stone 6FPermits 8FKenneth Harney 11F
HOUSE PLAN
Room with a viewRich expanses of glass in the split-levelWinchester make this home well-suitedto watching ocean sunsets, forest andlakeside wildlife, or appreciatingcountless other scenic views.PAGE 8F
LISTING OF THE WEEK
TraditionalcomfortThe Listing of the Weekis a traditional homewith a gazebo, sprinklersystem and other extrasin Newcastle.
PAGE 10F
IN BRIEF
BOOK AIDSKITCHEN PLANDesigner TerenceConran’s “EssentialKitchens” helpshomeowners thinkthrough all of theissues involved withbuilding or remod-eling a kitchen. Thebook addresseseverything from thelayout to the wallcolor. The book isBritish, so refer-ences to things suchas larders andsplashbacks mightgive American read-ers pause. Never-theless, the bookprovides an over-view to kitchen plan-ning that mightprove useful tosomeone who’s stillin the dreamingphase. The photosare a bonus, partic-ularly for peoplewho are drawn toEuropean style. It’spublished by Octo-pus PublishingGroup for $20 inhardcover.
GARAGE DOORAS A CANVASIf you’re going tohide the stuff in yourgarage, why not hideit behind an illusion?Photo murals coveryour garage doorand let you trick theneighbors into think-ing you have anairplane or an an-tique car parked inyour garage — ormaybe that yourgarage opens to aview of Manhattan.The murals, fromStyle-Your-Garage.com, adhere to thedoor with hook-and-loop tape. They’redesigned for up-and-over garage doorsbut can be adaptedto some other doorstyles. Designs in-clude vehicles, land-scapes, rooms andanimals. You caneven have a muralcustom-made fromyour own photo.
MCCLATCHY-TRIBUNEINFORMATION SERVICES.
It was the late 1950s, and theman who could be called Okla-homa’s most accomplished ath-lete since Jim Thorpe was trainingto earn a slot on his third Olym-pics team when suddenly hestrained his ankle and twisted hisfuture.
Jesse William “J.W.” Mashburn,1957 Oklahoma A&M grad and ’56Melbourne Olympics gold medal-ist — before that, a member ofCapitol Hill High School’s statechampionship football teams in’49, ’51 and ’52 — tore his Achillestendon that day.
And with it, he tore up hishopes of participating in the 1960Summer Olympic Games.
But during his long, slow re-covery process, Mashburn said,he “started selling a little real es-tate.”
The rest, as they say, is history.By 1960, when the 4x400-me-
ter relay team he had hoped tolead flew to Rome for that year’ssummer games, Mashburn hadbuilt and sold his first house, onSW 59 in Oklahoma City.
The four-time All-American atOklahoma A&M (1952-56) madethe 1952 Olympic team but wasnot allowed to compete becausethe U.S. coach said he was too
young at 19 years old. A few daysafter the Olympics, though, hewas part of a U.S. 1,600-meter re-lay team that set a world record. Inthe 1956 games at Melbourne, heran a leg in the U.S. gold medal-winning 1,600-meter relay team.
Today, Mashburn still is build-ing homes and developing neigh-borhoods that have earned his
company the Oklahoma StateHome Builders Association’s“Home Builder of the Year”Award, among other distinctions.
And he still looks like he couldleave you choking on dust in a400-meter race.
Tall and robust with a head ofgrandfatherly gray hair, Mash-burn oversees development in hisnewest additions, Cascata Lakes,The Villas at Cascata Lakes andThe Legacy, which straddle S MayAvenue between SW 136 and SW140.
At 160 acres each, the Cascataadditions and The Legacy are dra-matically different from Mash-burn’s first development — 5 acreson S Walker Avenue divided into“eight or 10” lots, Mashburn re-called.
“Our designs are so much moreopen” than floor plans in the ’60sand ’70s, Mashburn said.
The homes Mashburn buildstoday differ from those he built a
HOMEBUILDER IS GOING THE DISTANCE
J.W. Mashburn is in his model home at 2832 SW 140. Mashburn, a gold medalist in track in the 1956 Olympics (inset, at Oklahoma A&M in1955), is in his 50th year of home building, almost all of it on Oklahoma City’s south side. PHOTOS BY JOHN CLANTON, THE OKLAHOMAN
AWARD | OLYMPIC GOLD MEDALIST EARNS DISTINCTION, TALKS ABOUT FIVE DECADES OF BEING IN THE BUSINESS
Homebuilder J.W. Mashburn says design styles and mortgage fi-nancing have changed considerably since he started building homes50 years ago. This Mashburn model home is at 2832 SW 140.
SEE MASHBURN, PAGE 2F
When it comes to homebuying, many families withyoung children find it in-creasingly difficult to af-ford all the features they’dlike, so most must accepttrade-offs, said Eric Tyson,a personal finance expertand co-author of “HomeBuying for Dummies.”
“What families wantand what they can affordin a home are often two ve-ry different things,” Tysonsaid.
Granted, home prices inmany areas have moderat-ed relative to prices beforethe recession. And mort-gage rates remain low forbuyers with good credit.Still, lenders are demand-ing larger down payments,and many buyers lack thecash.
“Chances are you won’tbe able to buy a place with
just 5 or 10 percent down.You’ll probably need 20percent,” Tyson said.
Another factor con-straining homebuyers isthat more people, espe-cially those holding pri-vate-sector jobs, are expe-riencing income declines.
The best way to maxi-mize your finances is to setpriorities carefully and toput your most desired fea-tures high on your wishlist. Here are several sug-gestions for homebuyerswith young children:
› Don’t make assump-tions about neighbor-hood schools on testscores alone. There aremany other factors to con-sider, as well, said WilliamBainbridge, president ofthe SchoolMatch Institute,a research organization fo-cused on comparative
school quality.When matching up
neighborhoods, Bain-bridge urges parents totake the time to visitschools and pose ques-tions to teachers and ad-ministrators. By doing so,they’ll get a feel for theculture of each school andwhether its employeessupport and encourage thestudents who attend.
› Consider how muchyard space you need.Many parents, recallingtheir own carefree child-
hood in the suburbs wherebig yards were the norm,assume their children willfare well living in a similarsetting.
But what worked for yougrowing up isn’t necessar-ily best for your kids, Ty-son said.
Rather than focusingheavily on yard size, hesuggests you think aboutthe outdoor features of aneighborhood, includingparks and open space.
› Select a floor planthat functions well foryour family. Tyson said it’smore important for thosewith young children tohave a floor plan that en-courages togethernessthan to have a large home.
“You probably won’t usea formal dining room ex-cept on Thanksgiving.You’ll find more use for an
inviting, good-sized fam-ily room,” he said.
› Try to buy as manybedrooms as you can af-ford. New houses with lotsof square footage typicallyfeature spacious masterbedroom suites. Second-ary bedrooms, designedfor children or guests, alsoare large, often with theirown walk-in closets oreven private bathrooms.
But Tyson insists it’smore important to have anadequate number of bed-rooms because “familieswith enough bedroomscan give siblings with dif-ferent school schedulestheir own rooms,” ensur-ing that “the kids getenough sleep.”
Assess family’s priorities when buying a homeEllenJamesMartin
SMARTMOVES
Mi-LingStonePoole
ASKMI-LING
FREEDOM OF CHOICEDecorating is a per-sonal choice andwhen people aredecorating theirhome they shouldincorporate itemsthat make them feelcomfortable and atease.
PAGE 4F
2F SATURDAY, JUNE 12, 2010 THE OKLAHOMAN | NEWSOK.COMREAL ESTATE
half century ago in otherways, as well: There’s “nota lot of space wasted onhallways” and “we build10- and 12-foot ceilings,”he said, whereas “in the’60s they were all 8 feet.”
Mashburn recalled thathomebuyers were greetedwith more stable mortgagefinance rates when he be-gan building, when veter-ans’ loans “were fixed at 4to 4.5 percent.”
And in case you thoughtthings had never been astough as they are now forthe housing industry,Mashburn offered a littlebit of wisdom on that, too.
“The ’80s were muchharder than now,” he said.“The banks were failing.We couldn’t sell lots be-cause the banks didn’thave money to loan.”
Even if things feel tightthese days, Mashburn’s 50years of hindsight tell himthat “values are greathere” and “the real estatemarket has seen muchtougher times.”
The biggest improve-ment in homebuilding inthe past five decades?“The materials we use areso much more energy effi-cient,” he said, with win-dows, insulation andheating and air-condi-tioning products all of a
quality he never imaginedas a young builder.
Mark Dale, president ofthe Central OklahomaHome Builders Associ-ation, called Mashburn a“one-man university fornovice homebuilders,”known for helping peoplenew to the business togrow their companies asbuilders and developers.
“He really has givenback so much to this in-dustry,” Dale said.
Fellow southsider andlongtime colleague andfriend Harlan Core calledMashburn “a cool guy”who is “easy going,” and“forward thinking” with“a great business mind.”Core, who attended Capi-tol Hill High School withMashburn, also servedwith him on the board ofthe National Associationof Home Builders.
Mashburn can peruse alifetime of achievementsimply by driving aroundthe neighborhoods he’sbuilt in south OklahomaCity — or he can travel abit farther.
In 2006, he returned toMelbourne, Australia, fora reunion commemoratingthe 50th anniversary of theOlympic 1956 games.
The city of Melbournedid “an amazing job,”Mashburn recalled. “Theyre-enacted the opening
ceremony. The same guywho lit the torch was thereto light it again. The sameguy who gave the openingspeech was there to givethe anniversary speech.We even marched in, bynations, the same as we
did in ’56.”But as with the home-
building business, therewere differences 50 yearson.
“In ’56 they made usstand the whole time. Thistime, we had chairs.”
This view shows the living room of a J.W. Mashburn model home at 2832 SW 140.PHOTOS BY JOHN CLANTON, THE OKLAHOMAN
A large, L-shaped island provides work space and seating in the kitchen of a J.W. Mashburn model home at2832 SW 140.
Mashburn: In it for the long runFROM PAGE 1F
Prudential Alliance Re-alty has added Carol Em-ery to its south OklahomaCity office, 1500 SW 104,as a residential real estatesales associate.
She has lived in theOklahoma City area since1993 and previouslyworked as a mortgage loanprocessor. Carol Emery
Emery joins realestate office
Linda Palmer has joinedParadigm AdvantEdge Re-al Estate, 16301 N MayAve., as a residential realestate sales associate.
She has been selling realestate for the past twoyears and has the Accred-ited Buyers Representativeand Seller’s RepresentativeSpecialist real estate des-ignations.
Linda Palmer
Palmer joins Paradigm group
Mitra Cutter has joinedParadigm AdvantEdge Re-al Estate, 16301 N MayAve., as a residential realestate sales associate.
She has lived in the met-ro area for 36 years and hasa degree in electronicsfrom Oklahoma State Uni-versity. Previously, sheworked for the FederalAviation Administration.
Mitra Cutter
Paradigm gainsnew associate
Paula Jones has joinedParadigm AdvantEdge Real Estate, 16301 N MayAve., as a residential realestate sales associate.
The lifetime resident ofthe Oklahoma City areahas been selling real estatefor the past four years.Previously, she worked inhealth care marketing andearned a leadership awardfrom her company.
Oklahoma City’s J.W. Mashburn, left, and James Gil-bert Lea Jr. of San Jose, Calif., members of the U.S.Olympic team, warm up at Olympic Village in Mel-bourne, Australia, a week before the 1956 wintergames.
OKLAHOMAN ARCHIVE PHOTO
Longtime Realtor Bren-da Khourie has moved toParadigm AdvantEdge Re-al Estate, 16301 N May Ave.
She has been selling realestate for 30 years. She wasin Elk City for 20 years,where she owned Khourie& Co. She also was presi-dent of the Elk City Boardof Realtors.
Brenda Khourie
Realtor joinsParadigm office
THE OKLAHOMAN | NEWSOK.COM SATURDAY, JUNE 12, 2010 3FREAL ESTATE
FORT WORTH, Texas —Texas was the startingpoint for D.R. Hortonmore than 30 years ago.Now, it’s the start of therevival.
Horton pleasantly sur-prised Wall Street by re-porting a 55 percent in-crease in sales and anotherprofit for the three monthsthat ended in March.
While Wall Street hadforecast red ink, the com-pany, which builds in adozen Oklahoma City-ar-ea neighborhoods, earned$11 million from home-building, compared with aloss of almost $91 millionin that category a year ago.
Horton’s south-centralregion was the primarysource of the profit, ac-counting for $16 million inincome in the quarter. Thesame region also generatedthe most revenue, thehighest inventories andthe fewest write-offs.
That may sound naturalfor a builder with corpo-rate headquarters indowntown Fort Worth, but
Horton is a national com-pany. Its footprint stretch-es from Maui to Philly,from Mobile to Minneapo-lis — 71 markets in 26states. In the OklahomaCity area, Horton builds inEdmond, Mustang, Yukonand Oklahoma City.
In the same quarter fouryears ago, near the peak ofthe housing bubble, Hor-ton earned nearly fourtimes more money in Cali-fornia than in the Texas re-gion. It earned three timesas much in two other re-gions: Arizona-Coloradoand Florida-Georgia.
Things ended badlyback then, and Hortontook lumps in Texas, too.But its home base is wherethe turnaround has takenhold, for two reasons: Thestate weathered the down-turn better than most, andHorton became more ag-gressive while competitorswere pulling back or goingout of business.
Two years ago, Hortonaccounted for 7 percent ofhousing starts in Dallas-Fort Worth. Now its localmarket share is 19.5 per-cent, said Ted Wilson ofResidential Strategies.
During the downturn,
Horton scooped up lots atbargain prices and keptputting up homes on asmaller scale. While morethan 30 builders wereclosing or leaving the mar-ket, Horton executiveswent on the offensive.
“They put enough spechomes out there whenothers wouldn’t,” Wilsonsaid. “They had the rightinventory when the marketwanted it, and that’s im-pressive.”
For the 12 months endedin March, Horton startedjust under 3,000 homes inNorth Texas, according toResidential Strategies.That’s roughly 1,000 morethan a year ago. In 2006, ittopped 5,700 local starts.
In the past six months,Horton earned almost $42million in the south-cen-tral region, four timesmore than any other re-gion. This sector includesOklahoma City, two citiesin Louisiana, and the pop-ulation centers of Texas —Austin, Dallas-Fort Worth,Houston and San Antonio.
Horton sounds almostbullish, after its strategywas validated. Despitethree years of heavy lossesin home building, the
company had beefed up itsstock of spec homes, an-ticipating a rush frombuyers before the tax creditexpired at the end of April.It had steadily cut expens-es and home prices, pres-suring contractors and de-velopers to lower rates.
Horton also was quick totarget first-time buyers, inpart because they didn’thave to sell a home to buy anew one.
D.R. Horton forges ahead in housing marketBY MITCHELLSCHNURMANMcClatchy-Tribune NewsService
A lot at the Old Tampa Estates addition in Parrish,Fla., indicates D.R. Horton’s strategy.
MCCLATCHY-TRIBUNE INFORMATION SERVICES PHOTO
LOS ANGELES — Luxuryhomebuilder Toll BrothersInc. posted a narrower lossin its latest quarter andsaw a surge in orders fornew homes, trends thecompany said held steadydespite the end of twohomebuyer tax credits.
New home contractsjumped 41 percent in the February-April period,and the value of the build-er’s backlog increased onan annual basis for the firsttime in four years, reflect-ing increased confidenceamong buyers, the compa-ny said.
“It appears our businesshas finally emerged fromthe tunnel and into a bit ofdaylight,” said Robert Toll,chairman and chief execu-tive officer. He said salesheld up in May for theHorsham, Pa.-basedbuilder, even though twotax credits expired in May.
Toll said he believescustomers are becomingmore confident in their jobsecurity, their ability to sellprevious homes and theoutlook for home prices.But Toll also sounded acautious note, saying heexpects a gradual recoveryas the market faces head-winds from high unem-ployment and volatility inthe financial markets.
Builders have seen salesand home orders improvethis year thanks to lowmortgage rates and home-buyer tax credits. Buyersneeded to sign contractsfor a home by April 30 andclose on the deals by June30 to qualify for incentives.
In April, new home salesnationwide jumped 14.8percent; in March, newhome sales posted the big-gest monthly increase in47 years.
Now that the govern-ment incentives have ex-pired, many experts project
home sales will weaken, atleast in the near term.
Toll did not benefit asmuch from the tax creditsas some competitors be-cause it sells larger andmore expensive houses.That also means Tollshould suffer less now thatthe credits have expired.
Luxury homebuilder sees surge BY THE ASSOCIATED PRESS
4F SATURDAY, JUNE 12, 2010 THE OKLAHOMAN | NEWSOK.COMREAL ESTATE
Decorating is a personalchoice, and my belief hasalways been that whenpeople are decorating theirhome they should incor-porate items that makethem feel comfortable andat ease. I encourage home-owners to use family heir-looms, photographs andother accessories thatmake the space a place thatthey can call home.
Over the years, I havebecome more sensitiveand intuitive about whypeople decorate theirhomes in a particular style.It’s not uncommon for myfriends and colleagues toask my opinion on a newlydecorated space. Some-times they just want vali-dation that they have de-signed their space proper-ly. I also get questions
about furniture layout orthe selection of colors forwalls and drapes.
Recently, I was invitedto the home of Dr. HarveyJenkins, an orthopedistand the co-owner ofBodyTrends Spa. Hewanted me to see the up-dates he made to his newlypurchased home and, ofcourse, he asked my opin-ion on his choices.
After a tour of his home,I was impressed with hisdesign style. Throughout
his home he incorporated abrocade and Italian-in-spired decor. But when itcame to his living room, Icouldn’t help but feel thatit reminded me of a funeralparlor. I’m sure it was thebeautiful Austrian sheersin his windows that gaveme the feeling, becausewhen I was a child, severalof our local funeral homesused that style of curtain.However, Austrian cur-tains, also known as stagecurtains, have been used inold theaters for years.
I was reluctant to revealmy thoughts, because, af-ter all, this is his comfortzone. After I told him myhonest opinion, he paused,and then it was as if a lightwent on in his head. Hetold me that his grand-mother owned a funeral
home when he was a childand that he was very closeto her. And when he andhis mother visited the fu-neral home, those weresome of his fondest me-mories.
It’s interesting to methat when we’re involvedin decorating our homes,we usually pull in some-thing from our past thatgives us comfort. Andquite often we don’t evenrecognize where this stylecame from until we digdeeper into our past.
Now go out and createyour own comfort zone!
Mi-Ling Stone Poole is the author of“Ask Mi-Ling! When You Want theTruth About Decorating.” You can listento her radio show, “Mi-Ling’s ComfortZone,” from noon to 1 p.m. Sundays onKTOK-AM 1000. If you have adecorating dilemma, contact herthrough her website, www.Mi-Ling.com.
Memories often inspire ideas for decorating
Mi-LingStonePoole
ASKMI-LING
The Sustainable SITES Initiative, affil-iated with the U.S. Green Building Coun-cil, has selected Central Oklahoma Hab-itat for Humanity’s Hope Crossing addi-tion as one of the first landscapes to par-ticipate in a new program testing thenation’s first rating system for green land-scape design, construction and mainte-nance.
Hope Crossing will join more than 150other projects in 34 states, Canada, Ice-land and Spain in the evaluation of thenew SITES rating system for sustainablelandscapes with and without buildings.Hope Crossing, at NE 83 and Kelley Ave-nue, will have 217 homes upon comple-tion, all of them built to Silver and GoldLEED standards. LEED stands for Lead-ership in Energy and Environmental De-sign.
The effort to include Hope Crossing as aSITES project was led by Oklahoma landuse planner and designer Randy Marks,who owns Land+Form. Joining Marks onthe project is Allen Brown, principal withFrankfurt Short Bruza Architects & Engi-neers, G’Anne Derrick, a Hope Crossingresident, Pam Felactu, development di-rector for Central Oklahoma Habitat forHumanity and Connie Scothorn of CLS &Associates Landscape Architects, whichdesigned Hope Crossing’s existing parkareas.
“When I first visited Hope Crossing, Irealized that it would be a good candidatefor the SITES pilot program,” Marks said.“I recruited a talented project team andnow we are moving ahead with plans forcreating a beautiful, environmentallysound landscape. A major component inour project is community education. Weare pursuing funding and sponsorships to
enable complete implementation, and arethrilled to be partnering with Habitat.”
The organizers hope to raise the moneynecessary to convert each of the homes atHope Crossing to a sustainable landscape,if homeowners choose to do so. Addition-ally, as with most Habitat for Humanityprojects, the Hope Crossing SITES pro-gram will provide an opportunity forhomeowners and community volunteersto learn about sustainable landscapingwhile implementing the project.
“Central Oklahoma Habitat for Hu-manity has always made an effort to buildhomes that are environmentally respon-sible. In fact, all of our new homes arebuilt to Silver or Gold LEED standards,which not only help the environment, butalso cut the homeowner’s utility bills byone-third,” said Ann Felton, chairmanand CEO. “Now, with this project, we will
be able to extend our efforts to the outsideof the home, while creating beautiful,low-maintenance landscapes.”
SITES will use feedback from this andother projects during the pilot phase,which runs through June 2012, to revisethe final rating system and reference guideby early 2013.
Sponsorships are available for the HopeCrossing SITES project. To learn moreabout sponsorships or to donate, call PamFelactu at 232-4828 or [email protected].
Addition to join green landscape programFROM STAFF REPORTS
Women paint a house under construction in Hope Crossing recently during Na-tional Women Build Week. PHOTOS BY DOUG HOKE, THE OKLAHOMAN
Central Oklahoma Habitatfor Humanity has alwaysmade an effort to buildhomes that areenvironmentallyresponsible. In fact, all ofour new homes are builtto Silver or Gold LEEDstandards, which not onlyhelp the environment, butalso cut the homeowner’sutility bills by one-third.”
ANN FELTON,CHAIRMAN AND CEO
Louise Manpaints trimpieces.
THE OKLAHOMAN | NEWSOK.COM SATURDAY, JUNE 12, 2010 5FREAL ESTATE
WALNUT CREEK, Calif. — With a richBolognese sauce simmering in a potin her kitchen — that’s for tonight’sdinner — Cheryl Haga starts herwork day. But instead of hopping inher car and driving 40 minutes to herSan Francisco office, Haga takesabout 10 steps to her dining room ta-ble and fires up her laptop.
Haga, San Francisco Bay area di-rector for Lango, a children’s after-school foreign language program,works from her Walnut Creek homemost of the time. Working at home isa delicate balance between beingproductive on the job and avoidingdistractions like that pile of laundry.It’s all about organization, Haga said.
“I’ve created an action plan formyself, and I prioritize what I am do-ing each day. I estimate the time eachgeneral task is going to take. For ex-ample, it’s going to take me fivehours to get to all my e-mail onMonday,” she said, revealing hermulticolored Microsoft Office Excelspreadsheet that tracks what she’sdoing now and what she has to donext. She organizes her time in termsof priority and checks off each taskonce completed.
According to statistics from a re-cently released report by the U.S.Census Bureau and private studieson the subject, a growing number ofpeople are telecommuting, workingfrom home one or several days aweek. The Census Bureau reportsthat the number of people who workfrom home increased from 9.5 mil-lion to 11.3 million between 1999 and2005.
“There are radiologists working athome in their pajamas reading X-rays. There are nurses taking calls athome from anxious mothers-to-be.There are a lot of industries goingthis way even in a wholesale way, notjust ad hoc, a couple of days a week,”said Kate Lister, author of “Undressfor Success: The Naked Truth AboutMaking Money From Home.” Shesaid about 2 percent of the Americanworkforce currently telecommutessome days a week.
Lister is a champion of working at
home. She said if more companieswould allow their employees to workat home just a couple days a week,the overall savings nationwide in en-ergy costs and costs associated withabsenteeism and turnover wouldamount to billions of dollars. She al-so said that individuals would save$2,000 to $7,000 per year, includinga total of $15 billion at the gas pumps.Lister argues that workers appear tolead more balanced lives when theywork at home. And, despite the callof a tempting “Oprah” segment ontelevision, workers are more produc-tive.
“It does take an amount of disci-pline. There is a settling-in period,”
Lister said. “But generally, when youget a routine down, you work morewhen you work at home.”
Michael Fee, managing directorfor Lango and Haga’s supervisor,said that aside from Haga’s provendedication to the company and herstrong organizational skills, today’stechnology — e-mail, instant mess-aging and cell phones — allows himto be comfortable with her workingfrom home. He likes to work fromhome, too.
“So what if we’re not in the sameplace?” he said. “It’s not that hard tocheck in with someone just to com-municate and coordinate.”
MCCLATCHY-TRIBUNE INFORMATION SERVICES
For many, working from home is more efficientBY LAURA CASEYContra Costa Times
Cheryl Haga, of Walnut Creek, Calif., works in her home office.MCCLATCHY-TRIBUNE PHOTO
AT A GLANCE
Traits of a successful e-worker› Has a supportive family.› Does not care for young children during work hours.› Has a quiet, secluded area in the home in which to work.› Has moderate need for social contact.› Is able to connect with people nonvisually.› Has strong communication skills.› Is a self-starter and self-sufficient.› Has a strong work ethic.› Is an effective time manager.› Is goal-oriented.› Is comfortable with technology.› Has a strong desire to work at home.
From chapter three of Kate Lister and Tom Harnish’s “Undress for Success: The Naked Truth AboutMaking Money From Home” (Wiley, $24.95).
WALNUT CREEK, Calif. — An iPhone and a 3G wirelesscard are major tools in the work-at-home arsenal of An-gela Smith, marketing manager at Avastar in San Mateo,Calif.
Smith works from her Hollister, Calif., home most Fri-days. While various household issues come up — the dogneeds to relieve himself or the stove needs to be cleaned— none of these distractions keep her from being pro-ductive in her home office, she said.
“Working at home is not for everybody. Some peoplejust need to have people around them to keep them moti-vated and moving forward,” Smith said. “I tend to be theopposite. I like to have people around me, but I can workalone. I work from home, I work from the road, I workfrom the train.”
Trust that she is working is important between an em-ployee and his or her boss, Smith said. Her boss lives inNew York and she assures him she’s keeping busy athome by communicating with him often and meetingspecific deadlines. She uses instant messaging software“quite a bit” and keeps all her work correspondence infiles in case she or her boss needs to reference them.
“I am actually more focused at home than at work be-cause people aren’t walking into my cubicle or my of-fice,” she said. “In general, I actually tend to forget aboutall things around me at home because I can get so fo-cused. Before I know it, it is 2 p.m., and I haven’t eaten.”
Martinez, Calif., resident Rachelle Goldenberg, a con-tract social worker, says setting up a home office dedi-cated to work was a necessity when she started workingfrom her residence. She also created a routine to keep hermotivated to work rather than goof off throughout theday.
“I set a specific time when I start working on projectsin the morning. When 8 a.m. rolls around, I start towork,” she said.
Goldenberg said working at home has been a necessityrather than a choice because she was laid off last year. Butshe said she has been rewarded with more time for herkids and a flexible schedule that allows her to, for exam-ple, take a break to watch her son’s swim meet, then worklater in the evening.
Meeting with her contractors is no problem, especiallywith today’s technology.
“I’ve used all sorts of different programs. I do meetingsover teleconference and video conference. It’s getting tobe very normal, even with people who are working in of-fices,” she said.
Goldenberg also is highly organized. She creates lists oftasks that need to be done and checks them off whencomplete.
Tools, tips improvehome-office successBY LAURA CASEYContra Costa Times
LOS ANGELES — Timm Freeman’s SantaMonica apartment has 17-foot ceilings,granite countertops, collector guitarshanging on the wall, a built-in micro-wave, dishwasher and central air condi-tioning.
All in 350 square feet.Freeman’s coffee table is also his dining
table. His desk is three steps from his sit-ting room, and three paces from his stove.
“Everything is within three steps of thenext thing,” said Freeman, 40, a graphicdesigner.
Southern California, meet the Manhat-tan-sized mini-apartment. In a regionknown for its sprawl, diminutive dwell-ings are finding a toehold among renterswho couldn’t otherwise afford to live inchoice neighborhoods.
Freeman’s apartment may be smallerthan many suburban master bedrooms,but rents in his Olympic Studios complexare comparatively small too: $1,110 amonth at the low end, and the beach isjust a mile away.
Prospective tenants need to sign up fora waiting list: The 165-unit Olympic Stu-dios has been filled since it opened in late2008. The developers are now building asimilar complex nearby, and a pint-sizedapartment project is also planned for thePalms neighborhood of West Los Angeles.
The units are about the same size as alarge recreational vehicle and have thesame design imperative: Fit as many fea-tures as possible into a small space, butdon’t make it claustrophobic.
“It’s like a Rubik’s Cube,” said Jim An-dersen of NMS Properties, which builtOlympic Studios. “It’s a geometry prob-lem.”
Freeman’s living areas — kitchen, deskarea and TV nook — flow from one spaceto the next, unimpeded by doors or hall-ways. The only interior door is to thebathroom. He climbs 14 carpeted steps toa landing big enough for his double bedand a closet. A wide ledge over his stoveand refrigerator holds some of his paint-ings.
“It feels like more than it is,” Freemansaid. “It’s just right for me.”
When Freeman’s 7-year-old son, Gear,visits, he sleeps on the fold-out couch.
“He’s got his own little space with ded-icated shelves for personal stuff,” Freemansaid.
Still, there are challenges. When Free-man held a rehearsal for his ukulele band,the Ooks of Hazzard, the nine memberstook up the length of his apartment, fromfront door to window. The backup singershad to perch on the stairs.
“It was very full,” Freeman said. Theclose quarters made it “kind of fun,” hesaid, although he hasn’t had anotherpractice since.
Freeman, who is recently divorced, alsohad to pare down his clothes and otherpossessions before moving in. Residentscan rent a storage cabinet in the under-ground garage for $60 to $100 a month,but he didn’t feel the need.
“Getting rid of stuff I didn’t needhelped me untether myself,” he said. “Itwas a gift, rather than a punishment.”
There wasn’t room to keep Freeman’scollection of 12 guitars in a closet, muchless on stands on the floor like he used todo, so he hung them on the walls. “Itturns out I like guitars hanging up like art-work instead of hidden away in a closet,”he said. “I dig it.”
MCCLATCHY-TRIBUNE INFORMATION SERVICES
Mini-apartments catching on with some rentersBY ROGER VINCENTLos Angeles Times
LOS ANGELES — Nontra-ditional families were onthe minds of the OlympicStudio’s designers.
“Families are not twoand a half kids and a doganymore,” said Wade Kil-lefer of Killefer FlammangArchitects.
Creating the smallestpossible units was a com-petitive game in the SantaMonica firm, Killefer said,with his fellow architectschallenging each other toshave off a foot here orthere on the design. Theystarted by allotting spacefor the necessities.
Their presumption wasthat most tenants wouldbe single, or a parent withone child, with a smatter-ing of couples.
Mini-dwellings are atthe frontier of a downsiz-ing movement that’s em-braced by environmental-ists, and that challengesdecades of bigger-is-bet-
ter in American homes.While Olympic Studios
is an extreme case, Amer-ican dwellings are gettingsmaller.
The median size of aU.S. home, which jumpedfrom 900 square feet inthe 1950s to 2,277 in 2007,has edged down to 2,161,Census Bureau figuresshow.
The smaller units makemost sense in places like
Santa Monica, where thecost of land is high andthere is an abundance ofjobs and commerce. Thatmeans people want to livethere, but may not be ableto afford the rents for tra-ditional apartments.
For developers, small isbeautiful because they canbuild more units persquare foot of land.
MCCLATCHY-TRIBUNEINFORMATION SERVICES
Size of dwellings in U.S. shrinksBY ROGER VINCENTLos Angeles Times
6F SATURDAY, JUNE 12, 2010 THE OKLAHOMAN | NEWSOK.COMREAL ESTATE
Father’s Day is almosthere, and you may wonderwhat do-it-yourself giftDad would love this year.Here are a few cool newtools and accessories, listedin order of price, that areworth considering.
› Final Cut 7¼-inchSaw Blade ($19.95, www.finalcutblade.com):
One way to help get thejoint between two boards tofit together perfectly is withthe Final Cut line of sawblades, which uses a pat-ented design that combinesa top-quality, carbide-tipped blade with a disk ofsandpaper on each side. Asthe blade makes the cut, thesandpaper finishes off theedges.
Previously available in10-inch and 12-inch sizesfor table saws and mitersaws, the Final Cut blade isnow available in a 7¼-inchversion that will fit mostpopular models of circular
saws, including saws withdiamond knockout arbors.The pressure-sensitivesandpaper is precut andeasily replaceable.
For a father who loves togarden or is facing a lot ofyard cleanup work, thislithium-ion cordless prun-er is compact and light-weight, and it cuts throughbranches up to a half-inchthick with the push of abutton. There are no han-dles to open and close, sothe pruner fits into tight
spots and is suited for peo-ple with limited handstrength. The pruner fea-tures a safety switch andoffers up to 500 cuts percharge. Charger is includ-ed.
Ryobi’s Noise Suppres-sion Headphones are partof their line of Tek4 lithi-um-ion battery technology.The padded headphonescan be used alone to reducethe loud noises associatedwith power tools and out-door equipment. Or switchon the electronic suppres-sion circuits to reduceharmful background noisewhile enhancing the soundof nearby speech. There’salso an auxiliary input foriPod and MP3 players. Theheadphones are impact-,dust- and water-resistant.
They run up to 24 hours ona charge. The package in-cludes headphones, batteryand charger.
It seems like it’s alwayshad to be a choice betweencorded power or cordlessconvenience, but Dremelhas brought the two to-gether with this model. Ituses a 12-volt lithium-ionbattery, and a convenientgauge lets you keep track ofthe battery life.
The 8200 has a speedrange of 5,000 to 30,000RPM, easily adjustablefrom a slide switch atop thetool. It fits all Dremel ac-cessories and attachments.It includes the rotary tool,battery, charger, case andan assortment of accesso-ries.
One innovation overBlack & Decker’s past mod-els is the PowerCommand,which lets you choose be-tween “normal” cutting toextend battery life and“boost” mode, offeringtwice the cutting power ofmost 18-volt string trim-mers when you need totackle tall weeds and othertough conditions. It does itwithout gasoline, oil,fumes or emissions.
The trimmer has an ad-justable aluminum shaft,along with a nonslip auxil-iary handle. The 9,000-rpm cutter head rotates atthe touch of a button to be-come an edger. It includesthe trimmer, a 24-volt bat-tery and a battery charger.
light and compact, so theycan fit into tight spaces fora variety of fastening appli-cations. But they often lackthe power to tackle toughjobs. Bosch takes care ofthat with its new genera-tion PS21. This driver uses a12-volt lithium ion batteryto achieve 265 inch-poundsof torque, which is morethan double that of thePS20 pocket driver thatcame before it.
It has a two-speed geartrain for driving and drill-ing, a 21-position clutchand a bright LED light forthose dark spots. It weighs1.8 pounds, and is about 5½inches in length. It takesstandard quarter-inchdrive hex bits. It includesthe pocket driver, two bat-teries, a 30-minute chargerand a carrying case.
Remodeling and repair questions?E-mail Paul Bianchina [email protected].
INMAN NEWS
Updated tools have features to make Dad happyPaulBianchina
HANDY @ HOME
DEAR BARRY: We justaccepted an offer to buyour home. An inspectionhas been scheduled, andthe buyers plan to attend.But our agent has request-ed that we not be homeduring the inspection.This seems unfair to us.We feel uncomfortablehaving people walkthrough our home whenwe are not there. If thebuyers have the right to at-tend the inspection, whyshould we have to leave?
JackDEAR JACK: Many sell-
ers share your discomfortover the invasive aspects ofa home inspection. Thethought of people youdon’t know walkingthrough your bedroom,looking into your closetsand under the sinks, with-out your supervision andoversight, can be unset-tling. But this is part of theroutine of selling a home.
It is standard practice intoday’s real estate marketfor buyers to be presentduring a home inspection.To avoid possible conflictsand misunderstandingsbetween the parties in atransaction, Realtors oftenask sellers to take a walk orgo out to lunch during thehome inspection. This al-lows buyers to freely dis-cuss the condition of thehome with their inspector.
But you are not obli-gated to leave. No one canorder you to leave yourhome. But keep in mindthe buyers are paying hun-dreds of dollars to hearwhat the inspector has tosay. Privacy in that rela-tionship means a lot.
If you decide to stayhome during the inspec-tion, let the buyers havetheir private time with the
inspector. DEAR BARRY: We
bought a bank-ownedhome and are beginning tofix it up. But we have a se-rious concern. When weremoved the old carpetsfrom the bedrooms, wefound gaps between theconcrete slab and the pe-rimeter foundation. Thiswas never disclosed to us,and we want to know whatwe can do about it. What isyour advice?
Laura
DEAR LAURA: Bankstypically have no knowl-edge of the physical condi-tions of homes they sell,especially conditions con-cealed by carpets and oth-er building components.When banks foreclose on ahome, the property be-comes a statistical entityon their books. This is whybanks, as sellers, are ex-empt from disclosure laws.
Concrete slabs typicallyshrink as they harden, andthat can leave gaps aroundthe perimeter. If you needfurther assurance, havethe slab and foundationchecked by a qualifiedhome inspector or licensedstructural engineer.
To write to Barry Stone, go to www.housedetective.com.
ACCESS MEDIA GROUP
Sellers often asked to leaveduring inspection of home
BarryStone
INSPECTOR’S IN THEHOUSE
If Anne Rice can sell 100million copies of her books,she should have no troublewith her Rancho Mirage,Calif., residence, recentlylisted for $3.3 million.
Built in 1995, the homehas a formal dining roomand living room designedfor entertaining, six bed-rooms, seven bathroomsand maid’s quarters. It is onmore than an acre in a gateddevelopment. A detachedtwo-bedroom guesthousehas a full kitchen and living
room.“The house
has been a mar-velous place towrite, to enter-tain, to do inter-views, and manyreporters andcamera crewshave been in andout for variousprograms,” Ricesaid.
Rice, 68, worked there onher last three books — thenovel “Christ the Lord: TheRoad to Cana,” the thriller“Angel Time” and a spiri-tual memoir, “Called Out of
Darkness.” She isselling becauseshe wants asmaller writer’sretreat.
The RiversideCounty, Calif.,communitymight seem anunlikely place forthe New Orleansnative and au-
thor of “Interview With theVampire” and other super-natural novels to live. But,she said, “it’s been a lovelyplace to write.”
MCCLATCHY-TRIBUNEINFORMATION SERVICES
For author, time for new chapterBY LAUREN BEALELos Angeles Times
Anne Rice
7FSATURDAY, JUNE 12, 2010THE OKLAHOMAN NEWSOK.COM
8F SATURDAY, JUNE 12, 2010 THE OKLAHOMAN | NEWSOK.COMREAL ESTATE
Rich expanses of glass inthe split-level Winchestermake this home well-suit-ed to watching ocean sun-sets, forest and lakesidewildlife, or appreciatingcountless other scenicviews.
Windows wrap aroundthree angles of a cozy ob-servatory, perched alone atthe highest level of thehome. Outfitted withbookshelves, this loftyhideaway could serve as alibrary. Add a convertiblecouch and it becomes acompact and unusualsleeping space.
A vaulted bedroom withprivate bath is a half levelabove the main living area.Group living areas, includ-ing a great room, sunroomand partially covered frontporch, are half a flightdown, and an extra-long
one-car garage is atground level. Columnsthat flank the garage door,support the deck above.
Glass double doors openonto a wide deck from thebedroom, which featureshis-and-hers closets and aprivate bath with two van-ities, oversized shower andcompartmentalized toilet.Another bathroom, withan adjacent sauna andutility room, is conve-niently close to the spa-cious great room, wheremost family activities willtake place.
By day, the sky-lightedsunroom is ideal for soak-ing up the rays. By night, it
converts to a sleepingspace, if needed.
This home is also wellsuited to being a vacationrental. And outdoorsyempty nesters might evenfind the Winchester an at-tractive plan as a full-timeresidence.
For a review plan, in-cluding scaled floor plans,elevations, section andartist’s conception, send$25 to Associated Designs,1100 Jacobs Drive, Eugene,OR, 97402. Please specifythe Winchester 30-003and include a return ad-dress when ordering. Formore information call(800) 634-0123.
HOUSE PLAN
Vacation home offerscozy observatory view
By day, the sky-lighted sunroom isideal for soaking up the rays.
Jose A. Flores, 1228 SW 27,accessory, erect, $1,400.
Chris Johnson, 8529 N Rock-well Ave., office, remodel,$1,000.
Miguel Marquez, 3916 SW24, canopy-carport, erect,$1,000.
Taun Ho, 13312 VandiverDrive, storage, erect, $1,000.
DEMOLITIONSLeroy Swain, 7300 N West-
minster Road, residence.Alpha Omega Ventures
Enterprises, 7701 Deer MeadowDrive, house.
K&M Dirt Services, 1329 NE48, vacant.
K&M Dirt Services, 3818 SRobinson Ave., vacant.
Midwest Wrecking, 15400 SE71, house.
Midwest Wrecking, 7612Jesse Trail, house.
Ramona Robbins and StanReyes, 722 SW 5, duplex.
Ray’s Trucking, 612 SW 25,residence.
David Tucker, 14835 SE 75,residence.
Bryan Gann, 8500 S Hiwas-see Road, residence.
Dionne King, 7108 NW 7,residence.
Permits
If You Have Something To SellClassified Can Do It — Call 475-3000
9FSATURDAY, JUNE 12, 2010THE OKLAHOMAN NEWSOK.COM
10F SATURDAY, JUNE 12, 2010 THE OKLAHOMAN | NEWSOK.COMREAL ESTATE
by 20 feet and is lighted. A 20-by-22-footwood outbuilding has a loft and electric-ity. The house also has a covered patio andsecurity system.
Built in 2002, it is listed for $161,900with Linda Tracy-Ryburn of ColdwellBanker Twin Rivers Real Estate. Openhouse is from 2 to 4 p.m. today. For moreinformation, call 350-3031 or 476-5319.
Nominations for Listing of the Week are welcome. Sendinformation on single-family homes to The Oklahoman,Richard Mize, P.O. Box 25125, Oklahoma City, OK 73125.Nominations may be faxed to 475-3996.
The Listing of the Week is a traditionalhouse with a gazebo, sprinkler system andother extras in Newcastle.
The 1,973-square-foot house has fourbedrooms, two baths, one living room,one dining area and an attached two-cargarage. The family room has a fireplaceand ceiling fan. The kitchen has a break-fast bar and pantry. The master bedroomhas a walk-in closet and his-and-hersbath with whirlpool tub. One secondarybedroom has a ceiling fan. The gazebo is 12
LISTING OF THE WEEK
The Listing of the Week is at 549 NE 23 in Newcastle.
Gazebo, sprinklers among home’s extras
Q. My sister wants toown a $50,000 condo inFlorida that is under fore-closure from the U.S. De-partment of Housing andUrban Development. Butshe does not have themoney. I would like to helpby buying this condo out-right. I am being asked bythe Realtor to provide a“gift letter” along with ad-equate bank statements. Isuspect this is so that thedeal will go smoothly thisway. I assume that HUDwill receive this letter.
I do not want to own thisproperty myself, and Iknow that my wife and Ican gift $13,000 each year-ly. What is the best way togo about this? Can I gift itto my sister? Will there begift taxes that she or Iwould incur? What about alifetime gift?
My sister indicates thatshe would like to repay me
this money through a loan,a mortgage at below mar-ket rate. Can this be donesubsequent to the comple-tion of the purchase?What is the process? Thisway she can also benefitfrom interest deductionsin yearly taxes.
A. In any situation in-volving legal advice, I mustfirst warn you that I’m notlicensed to practice law inFlorida. That said, I don’tsee why this cannot befairly simple. The Realtorseems to be doing thingsproperly.
Make the $26,000 gift,
the maximum exclusion,to your sister using the“gift letter” as the downpayment. Then give her a30-year mortgage at 5 per-cent interest, which ap-proximates market rate formortgages. Rates are al-ready very low.
The monthly payment,including interest, on the$24,000 is affordable. Ofcourse there are closingcosts, making the amounta little more, and there arecosts associated withowning a home, like haz-ard insurance and propertytaxes. There won’t be anygift taxes. Most of whatshe pays you is deductibleinterest to her and incometo you.
Later on, you could can-cel the mortgage, giftingthe rest as another annualexclusion.
MCCLATCHY-TRIBUNEINFORMATION SERVICES
Gift can help sister to buy condo
CharlesCarter
REAL ESTATE Q&A
THE OKLAHOMAN | NEWSOK.COM SATURDAY, JUNE 12, 2010 11FREAL ESTATE
WASHINGTON — Thoughthe Wall Street and bank-ing features of the giant fi-nancial industry reformbill taking shape on Capi-tol Hill have drawn most ofthe attention, homebuyersand mortgage applicantsshould be major winnerswhen the legislation is finally signed into law,probably early nextmonth.
Not only will the zero-down, funny-money loansand slipshod underwritingthat triggered the housingbubble and bust be vir-tually eliminated from themarketplace, but so willthe “steering” practicesused by loan officers toearn extra fees by puttingunsuspecting borrowersinto poisonous mortgages.
Conferees from theHouse and Senate are ne-gotiating the differencesbetween their bills, but onthe key consumer funda-mentals, it’s not too earlyto project the probable re-sults.
Here’s a quick overviewof what’s likely to go thepresident’s desk affectinghousing and mortgage fi-nance:
› Some new consumer-protection agency —armed with broad powersto rein in bad mortgageproducts and predatory
lending practices any-where in the country — is acertainty. The House billcreates a stand-alone in-dependent federal entity,while the Senate bill cre-ates a consumer financialproduct safety “bureau”housed inside the FederalReserve.
Rep. Barney Frank, D-Mass., chairman of theHouse Financial ServicesCommittee, said he ex-pects the conference toapprove his stand-aloneconcept. But either way,House or Senate version,consumers will for the firsttime have regulators andinvestigators watching outfor the latest scams andgimmicks in the home loanindustry.
› Uniform minimumstandards for mortgagesand underwriting practic-es. Though such bubble-era favorites as “stated in-come,” “pick-a-pay” andnegative amortizationloans are not prohibited bythe legislation, lenders will
be powerfully motivated tooffer fully documented,verified income mortgageswith down payments suf-ficient to ensure that bor-rowers have a stake in thedeal. There also will bemandatory determina-tions by lenders that ap-plicants can afford to repaythe mortgage debt, insur-ance and taxes on time.
› Prohibition of prepay-ment penalties on nontra-ditional loans that are notfully documented, fixed-rate and carry standardamortization schedules.This would prevent, forexample, the sort of“gotcha” adjustable-ratemortgages of the boomyears, where consumersfound themselves trappedinto fast-rising paymentsand heavy penalties if theytried to refinance early.Prepayment penaltieswould still be permitted onincome-verified standardloans, but lenders wouldbe required to offer alter-native financing withoutpenalties for early payoffs.
› Mandatory provisionof credit scores whenmortgage applicants areturned down. Though thisappears only in the Senateversion, it has a strongchance of ending up in thefinal bill in some form, giv-en the pro-consumer
composition of the major-ity of the House negotiat-ing team in the conference.Since lenders often placegreat weight on creditscores in their decisions,the idea here is to provideunsuccessful applicantswith the actual credit scorethat contributed to theloan turndown.
Along with the score it-self, lenders also would berequired to provide thename and contact infor-mation of the score pro-vider — typically a creditreporting agency — plusbrief descriptions of thenegative information intheir credit bureau filesthat led to the low score.Consumers already havethe right under federal lawto free credit reports whenthey are rejected for a loan,but they don’t get freecredit scores.
› Restrictions on man-datory arbitration clausesembedded in many con-tracts for mortgage andother credit. Both theHouse and Senate billscontain provisions on this.The House bill empowersthe Consumer FinancialProtection Agency to re-strict lenders’ use of man-datory arbitration require-ments if it finds them to beharmful to borrowers. TheSenate version requires the
consumer agency to con-duct a study of mandatoryarbitration clauses beforetaking any action to re-strict them. Either way,there could be importantchanges in current indus-try practices.
› Real estate appraisalimprovements. The Housebill gives the new consum-er protection agency over-sight on home mortgageappraisals, and the powerto create rules and stan-dards to guarantee “ap-praiser independence”from pressures by lenders,realty agents and others. Italso requires that once thenew rules are adopted, thecontroversial “Home Val-uation Code of Conduct”mandated last year by Fan-nie Mae and Freddie Macbe terminated. The codehas been criticized by con-sumers, realty agents,builders and appraisers forencouraging lowball ap-praisals and the use of in-experienced appraiserswilling to work for lowfees. The Senate bill doesnot have appraisal provi-sions, but a bipartisanpush is under way to con-vince conferees to adoptthe House version.
UNIVERSITY CITY, Mo. —When the giant old oaktree on their property died,Charlie and Becky Helblingdidn’t just cut it down andhaul it off.
The tree is now part oftheir bookcase, doors,staircase posts, a manteland shelving and otherpieces in their new house.
The couple found a manto mill the tree with a por-table mill on their property.The miller sawed the treeinto planks, which wereused by a carpenterthroughout the house. Thecouple also have leftoverwood to make furniture.
The Helblings said theiradventure began whenthey bought a vacant lotnext to their old house.
“We thought this wouldbe a neat opportunity tobuild a house in accord-ance to our philosophies ofliving,” including ecology-consciousness, CharlieHelbling, 48, said.
“Here was this perfectlycool tree that could pro-duce some beautiful woodyou can’t really buy today.”
He figures they saved$3,500 to $5,000 in cuttingand hauling costs.
Couple useold oak treein new houseBY MCCLATCHY-TRIBUNE NEWSSERVICES
2bd 1.5ba duplex $650mo$500 dep, move in ready.John Patterson 255-0650
1109 Northgate Terrace3bd, 2ba, 2car $850mo +dep. No smoke 206-5859
»» MWC Houses »»605-5477 Free List
203ERickenbckr3/1/1 $4953404 Willowcrk 2/1/1 $450
» Del City Houses»3120 Longridge 4/2 $7953117 Overland 3/1.5/2 $6953033 Overland 3/1/1$5954032 Thomas 3/1/2 $5954002 SE 10th 2bd $450housesforrentofokc.com
1217 MacGregor3bd 1-car ch/a $525Fidelity RE 692-1661
1301 Parkwoods Ter, 3bd1ba 1-car, ch/a $625
681-7272
V-Nice, 1 mi E of Tinker,3/1/2 ch&a, util rm, $575+$300, no pets, 732-4351
HOMES FOR LEASEwww.executivehome
rentalsokc.com3-4BRs $1000-$3000
Welcome Home877-884-7434
616 E Hillcrest 1800sf 4bd2ba 2car $1300mo $1200dep 409-7989 no sec 8
15 min to TAFB, 2 acresbarn, 3 bed, 2 bath, ch&astove, fridge, W/D,$900/M, $500/D, 1 yearlease, 386-3362.
3 bed, 1 bath, $19,900cash. Great WholesaleDeal. HURRY! 301-6495
JUST LISTED 3/2/2 onquiet cul-de-sac approx
1432' Master haswhirlpool & sep shower,walk in closet, granite
counters in kitchenopen flr plan. $139,500
Carmen 833-0106Cleaton & Assoc 373-2494
OPEN SUNDAY 2-4PRICE REDUCED!736 Cypress N.W.,
Windmill Park, 4BD,3BA, 1Liv, 2Din, Fm
178th & Piedmont Rd1/4 mi N. $269.9K
Leon 373-4820Overland Express Rlty
JUST REDUCED!Rock home on 5 ac MOL.
Approx 2485' 4bd 3baflorida rm not incld in ftg.40 x 30 wkshp & stables.
Lots of trees. Quietcul-de-sac street
$269,900. Carmen 833-0106Cleaton & Assoc 373-2494
3771 Washington Ave ECustom Built 3 Bd, 3 Ba
Office + 1 Liv + 2 Din2583Sqft (MOL) $297.5K
Leon 373-4820Overland Ex Realty, Inc
OPEN HOUSE Sunday 2-4pm. 608 NW 34th, in
Newcastle. New 2416 SqFt, 4 bed, shop on 1 Acre,
405-306-5137
New Home, 3 bed,2bath, 3 car. 1760 sf,only $169,900, 12804
NW 6th 834-5463
OPEN HOUSE, SUN 2-412421 SW 12 $124,900
3b/2b/2 car garwww.MLScomps.com
Homes in need of an"Extreme Makeover"located in Shawnee,
Luther & PadenCash Purchase Only
call for more informationWoodlake Properties
405-273-5777www.property4sale.com
6 Mos. Free Lot Rent9 communities in
metro area Conditionsapply 326-5728 for
details, til 7pm
New 3bd/2ba MobileHomes already on land
located in Shawnee,Prague, Cromwell &
Harrah (price reduced)Owner Financing
Woodlake Properties405-273-5777
www.property4sale.com
ATTN LANDOWNERS!!Own land or have familyland, a deed is all youneed for new home! Turnkey program, We do allimprovements. 1000 furni-ture package w/purchase888-878-2971 405-204-4163
56x31 double wide,4 bed, 2 full bath, 1792sf, built in 2003 on 1.29
acres, fenced, 24x14storage building.
9016 Oakwood Dr.Guthrie, OK $70,000.
(405)401-2699, 293-9188
Own/Lease9 Communities in Metro
1216 sq ft, as low as$535 Financing available326-5728 for details til 7pm