Austin Real Estate Scene

Entries from July 2007

Pending Air Conditioning Standards to Impact Homeowners Now and Later

July 29, 2007 · No Comments

Do you know your Freon from Puron- You’d better if you have central air, are looking at new air conditioning units or repairing the one you have. The Energy Department is promoting advisories highlighting new regulations that will be outlawing Freon and how it will affect you even before the phase out. < See background on Freon issue>

As the summer rolls in, many homeowners are faced with issues surrounding air conditioners. If your unit is on the blink and in need of replacement or repairs you should be keenly aware of the new government standards that are going into place that will effect your options and pocketbook.

As of January 2010, the refrigerant R 22 ( what consumers call freon ) will not be allowed to be used in new equipment. R 22 has been used as the “standard” refrigerant for many years but has been found to be harmful to our planet.

Last January new national efficiency standards took effect that will eliminate the most inefficient types of units.  These older A/C units not only cost more to service but can increase your usage of electricity by more than 50%. They also use Freon as the coolant.

At first glance most homeowners who need a new central unit will opt for the cheaper products currently on the market. < How To Select a HVAC Contractor > But the caution here is that you should pay more now to get the newer, more efficient model, rather than pay later as parts will become more expensive. The coolant in the cheaper models, now Freon, will be phased out. The average new central air units cost about $2500. For an additional $1100 consumers are being encouraged to opt for the new units that use Puron, a less damaging coolant compared to Freon.

When buying an air conditioner, it’s generally recommended to select the highest SEER system you can afford. You may want to ask your contractor to calculate the payback period in which the new system will “pay for itself” in terms of lower utility bills. Sometimes the savings are enough to partially or fully offset the cost of the new system within a few years. This is an individual calculation provided by the contractor that factors in your home’s size and the typical energy costs for your geographic area.

Do Not Fear The SEER. The efficiency of air conditioners is measured by the SEER Rating—the Seasonal Energy Efficiency Ratio. What the SEER measures is how much electricity is used to remove a unit of heat. The current rule for central air units is a SEER rating of 10, but the new standard will be 13. This means that the newer units can do 30% more work with the same electricity. Units with a SEER rating of 19 can be found in the marketplace and those under 13 are being phased out.

Other Appliances Too! New standards for window units, water heaters, dishwashers, washers and dryers also are being phased in.

The effect on the power grid during high demand is obvious and should be a welcome sign to environmentalists who fear the need for new power plants…

Some dealers are hesitant to “push” the new units because the price increase justified by the newer technology makes the unit seem more expensive.

When deciding on the new units, you will want to analyze the warranty coverage as most units have coverage for coils and compressors. But in the end you should also be able to analyze the electricity savings. If your budget however dictates an older model be aware that parts will become very expensive and the costs related to getting rid of old Freon are also escalating.

Categories: Home Safety · Nationwide Update · Real Estate Tips · Real Estate Trends · Resources

Austin Is A Hot Party Place & A Great City for the Healthy!

July 28, 2007 · No Comments

CNN ran a story about how Austin is “Haven for the healthy, paradise for the party crowd”. I always thought of it as a fun party town and a good place to exercise. There are lots of running trails, especially around Town Lake and there are tons for people who love to bike around the city. Mostly due to Lance Armstong who lives in a dream home in central Austin. There also always a good looking party crowd downtown every night. So if you want to party and meet lots of pretty people or just want to work out in a great envortarment, then check out Austin, TX.

Categories: Austin Entertainment · Everything Austin · Resources

What Isn’t Covered By Your Homeowners Insurance

July 27, 2007 · 1 Comment

Categories: Home Safety · Housing Market · Insurance · Market Update · Nationwide Update · Real Estate · Resources

Ambitous Plans for East Austin

July 26, 2007 · No Comments



Categories: Austin Condos · Austin Downtown Austin Condos · Austin Housing · Austin Housing Market · Austin Luxury Homes · Austin Real Estate · Downtown Austin · Downtown Austin Projects · Market Update · Real Estate · homes for sale in Austin texas

Cedar Park - One of the Best Family Friendly Communities

July 23, 2007 · No Comments

Family Circle magazine has named Cedar Park, which is about 25 miles north of Austin, one of the best communities nationwide for families.For its August 2007 issue, the magazine partnered with New York–based research firm On Board to look at 1,850 cities and towns across the country with populations between 15,000 and 150,000 and a high concentration of households with an average income of $65,000.

Narrowing the selections to the top ten, On Board and Family Circle then looked at criteria including cost of living, jobs, green space, health care and air quality. Cedar Park has been one of the fastest growing areas of Austin next to Round Rock. With the improving transporation system and rail coming through the area in the next few years makes Cedar Park an ideal community for families who have to work in Austin. Cedar Park home prices are still way below what you would pay for a house of similar size in most parts of Austin.

Categories: Austin Housing · Austin Housing Market · Austin Real Estate · Cedar Park · Housing Market · Market Update · Real Estate

A unique new address in the heart of Austin adjacent to Zilker Park

July 14, 2007 · No Comments

Another South Austin Condo project is underway on Barton Springs Rd. called Barton Place.

The developers are still in the design process, early stages indicate a “Hill Country Modern” look and feel which will be unique to South Austin. See an initial rendering at http://www.bartonplaceaustin.com. BartonPlace will blend the urban location with the natural pecan grove setting. Amenities will be designed for people who live active and healthy lifestyles.

BartonPlace floor plans and pricing will be released before they begin accepting earnest money contracts. Preconstruction pricing cannot be set until the building design is nearly complete. They anticipate building between 240 and 280 residences. The final count will be based upon the final size of each residence.

Construction will begin during the first half of 2008 and will take 14 to 18 months to complete. The floor plans will be available by the end of 2007.

Many of the Residences at BartonPlace will have magnificent views of Austin’s Downtown Skyline, Zilker Park and Town Lake. There will be many courtyards, green spaces and meandering walk-ways throughout the development, creating beautiful views from most of the Residences at BartonPlace.

To make a reservation you can download the reservation agreement here: http://www.bartonplaceaustin.com/pdf/BartonPlaceReservationInformation_2007.pdf

Categories: Austin Condos · Austin Housing · Austin Real Estate · Real Estate · South Austin · South Austin Condos · austin tx homes for sale

Evaluate McMansion Ordinance on July 11th at City Hall

July 10, 2007 · No Comments

As noticed previously, the Residential Development Regulation Task Force will be meeting this  Wednesday,  July 11, from 3:00 - 5:00 PM in Room 2016 on the 2nd floor of City Hall to evaluate the implementation of Chapter 25-2, Subchapter F, the new Residential Design & Compatibility Standards that went into effect on October 1, 2006 (the “McMansion Ordinance“).

Public input will be taken but limited to a maximum of four speakers so that the Task Force may have more time to deliberate any proposed revisions to the regulations. 

The agenda for the meeting is online at http://www.ci.austin.tx.us/agenda/2007/rdr_071107.htm.  

City Hall is located downtown at 301 West 2nd Street. A map is online at http://www.ci.austin.tx.us/cityhall/map.htm.

Free public parking for City Hall visitors is available but is accessed only from the Lavaca Street side. Please bring in your parking ticket so that it may be validated.   

If you would like to provide comments to the Task Force, please leave them here on the blog comments section or email them to me.Comments in hard copy may also be delivered through the receptionist on the 5th floor of One Texas Center, located at 505 Barton Springs Road. 

 The next scheduled meeting will be Friday, July 20, 3-5 pm in the Boards and Commissions Room at City Hall.

Categories: Austin Housing · Austin Real Estate · Buying Real Estate · Downtown Austin · Downtown Austin Projects · Real Estate · Resources

Long Term Rates Drift Lower for Third Consecutive Week

July 6, 2007 · No Comments

Here is the latest news on what’s happening in the mortgage market with rates and how they compare to last year’s rates at this time.

Freddie Mac (NYSE:FRE) today released the results of its Primary Mortgage Market Survey (PMMS) in which the 30-year fixed-rate mortgage (FRM) averaged 6.63 percent with an average 0.4 point for the week ending July 3, 2007, down from last week when it averaged 6.67 percent. Last year at this time, the 30-year FRM averaged 6.79 percent.

The 15-year FRM this week averaged 6.30 percent with an average 0.4 point, down from last week when it averaged 6.34 percent. A year ago, the 15-year FRM averaged 6.44 percent.

Five-year Treasury-indexed hybrid adjustable-rate mortgages (ARMs) averaged 6.29 percent this week, with an average 0.4 point, down from last week when it averaged 6.30 percent. A year ago, the 5-year ARM averaged 6.39 percent.

One-year Treasury-indexed ARMs averaged 5.71 percent this week with an average 0.4 point, up from last week when it averaged 5.65 percent. At this time last year, the 1-year ARM averaged 5.82 percent.

- Copyright © 2007 Realty Times. (www.realtytimes.com)

Categories: Buying Real Estate · Housing Market · Market Update · Mortgages/Financing · Nationwide Update · Real Estate

Austin Area Office Market Is Robust

July 4, 2007 · No Comments

Central Texas’ strong job growth, which was at a 4.1 percent annual rate in May, continues to fuel demand for office space in a tightening market where several new projects are under construction. Those projects will add more than 1.3 million square feet of space this year. Regional economic development officials are working with more than 100 companies that are scouting Central Texas for possible expansion or relocation.

The Austin-area office market continued its healthy run in the second quarter, with rents for top-tier space hitting their highest level since early 2001, according to Oxford Commercial. Though vacancies for first-class space rose from the previous quarter, when they reached their lowest level in six years, they were still down from the same year-ago quarter. Rents for Class A space averaged $29.52 per square foot in second quarter 2007, up 23 percent from $23.92 a year ago. Those companies include several that could bring between 500 and 1,000 employees, said Dave Porter, senior vice president of economic development for the Greater Austin Chamber of Commerce.

Categories: Business Growth · Buying Real Estate · Housing Market · Investing in Austin Real Estate · Market Update · Real Estate

Be Careful in this summer’s heat

July 3, 2007 · No Comments

I’ve been showing a lot of buyers homes in this summer heat. Granted we haven’t had those high temperatures yet but I know they are coming later this month in Austin, and will last until September. Unless it keeps raining like it has been the last few weeks. Some buyer’s want to look at homes all day in this heat. One couple suffered some heat exhaustion. So get’s be careful out there. Below is a good article I found on dealing with this summer’s heat and what to look for to know if you are over doing.

 Dangers of Overdoing it in the Summer Heat

With longer days, warmer temperatures, and an abundance of sunshine, it’s no wonder so many of us take to the outdoors for summertime fun. While it feels great to be outside for recreational activities and exercise in the summer, too much exertion can lead to serious health problems.

“When the temperature soars and humidity rises, it is time to take precautions to avoid dangerous health consequences such as heat exhaustion, heat stroke and overexposure to the sun,” says Dr. Sean Robinson, assistant professor of education at Argosy University/Washington DC and ACE-certified personal trainer.

Seniors, children, and people with chronic illnesses are most susceptible to heat exhaustion and stroke, however, everyone is at risk. Many tell-tale symptoms and warning signs are associated with heat exhaustion, including dry mouth, fatigue, dizziness, headache, weak and rapid pulse, and cool, clammy, pale skin. And many of these symptoms take several hours to appear.

“The early symptoms of heat exhaustion can sneak up on us,” explains Dr. Robinson. “Some people feel a bit lightheaded and weak, and might have a touch of nausea. The serious problems develop when symptoms are ignored and additional fluids are not taken right away.” Dehydration - and the resulting loss of electrolytes such as sodium – is the primary cause of heat exhaustion. Dr. Robinson advises people to stay well-hydrated and take in extra salt. “Drink even though you don’t feel like it - you can’t count on your thirst mechanism to prompt you.”

Heat stroke is the most severe form of heat illness and is a life-threatening emergency. It is the result of long, extreme exposure to the sun, in which a person does not sweat enough to lower body temperature, reaching over 103 degrees. People suffering from heat stroke may experience extremely serious medical conditions, including hot, dry, red skin; no sweating at all; disorientation, hallucinations, or delirium; convulsions; and a loss of consciousness.

“Heat stroke can occur within 10 to 15 minutes of the first symptoms. If treatment is not given immediately, permanent damage can occur to internal organs,” says Dr. Robinson. He also emphasizes that heat stroke is a medical emergency. “Call 911 or transport the victim immediately to a hospital.” While waiting for medical help, Dr. Robinson advises that an attendee to a heat stroke victim should move him or her to a cool place indoors and lower the body temperature by wrapping the victim in wet sheets, wet clothing or ice packs.

Summer is always a great season to enjoy and be physically active in the fine weather and outdoor opportunities. Knowing the signs of heat exhaustion and heat stroke, and what to do when one is exposed to these conditions, will help keep you, your family and friends healthy and safe during the dog days of summer.

Courtesy of ARA Content

Categories: Family · Real Estate · Resources