Entries in Boise Custom Home Builder (13)

Sunday
Nov052017

Homeowner Fall Checklist

Use the fall season to get your home and property prepared for Winter!

1. Stock up on winter supplies (shovels, snow scrapers, wood/pellets, emergency kits, etc.)

2. Shut off exterior faucets, drain them, and store hoses, schedule sprinkler blow out

3. Test all outdoor lighting and replace if needed

4. Test your smoke and carbon monoxide detectors

5. Remove window A/C units

6. Mow/Mulch leaves to feed your yard

7. Inspect your roof for potential leaks

Click here for more ideas!

Thursday
Mar062014

Buying vs. Building

Buying vs. Building

Idaho is enjoying one of the most rapidly rebounding economies in the United State and its real estate market is a major contributor to that trend.  Experts have predicted a healthy and robust real estate market for 2014.  But, with home prices rising a whopping 34 percent since January 2012, and a frenzy of home buying activity to go along with that, we are seeing some of the lowest housing inventory levels in decades. 

This type of activity and low inventory has led to a shortage of median priced homes in the Treasure Valley.  It is becoming the norm to have multiple offers on listings below the $200,000 price range in just a matter of a few days of the listing becoming active.  It is safe to say that demand is much greater than the supply.  This scenario is leaving home buyers with few options when it comes to finding their “perfect” home. 

An alternative to buying is building new and there are some excellent benefits to building a new home.   A new home can be customized to your exact specifications.  And, with the recent rise in housing prices, building new really isn’t that much more expensive when you actually look at the big picture and compare the two. 

Let’s examine some of the key factors to be considered when purchasing or building a home: 

Energy Efficiency

Energy costs have risen year after year and new technologies are continually being produced to combat the high cost of electricity, natural gas, and water consumption.  New homes and custom built homes employ the latest energy efficient designs, materials and technologies versus an older home built in the 80’s and 90’s.  

Newly constructed homes use energy more efficiently in two ways; First, they tend to have a tighter-sealed “building envelope”.  This means the enclosed part of the structure is better equipped to keep conditioned air and warm air from escaping the home.  This is achieved through higher R-factor insulation requirements, better windows, and Tyvek house wrap.  Second, the mechanical equipment used to heat and cool the interior of the home, and water heaters, and appliances are all high efficiency rated and contribute to less energy consumption. 

A new, energy efficient home will compliment your household budget every month.  Older homes, while charming and full of character will demand more energy usage.  You might consider energy-efficient upgrades for an existing house, but these types of home improvements can be costly. 

Interior Design & Livability

When you buy an existing home, you inherit the current color palette, light fixtures, floor coverings, counter tops and over-all design of the home.  For example, older home architects and builders spent little time designing floor plans to maximize traffic flow for family rooms near kitchens.  These older floor plans usually featured multiple segmented rooms and long, narrow hallways making the home obsolete for aging in place or accommodating people with special needs (such as wheelchairs, walkers and grab bars).  

It is important to think about your lifestyle and how you live in your home.  Are you an active family with multiple sports enthusiasts?  Then you might want a home with a mud room, larger closet and storage space to hold sporting equipment.  Older homes rarely offer these amenities and the cost to bring the interior design current can be quite expensive. 

Deferred Maintenance

When purchasing an existing home and depending on the age of the home, you can expect a certain amount of maintenance and repair will be necessary.  Every component of a home has a life span and will wear out eventually, even with the upmost care and maintenance.  However, with a newly built home, you can be quite comfortable knowing that you will not need a new roof, heating system or an expensive plumbing or electrical overhaul anytime soon.  Should a system bring problems in a brand new home, the warranty will cover any re-installs.  

There are still some great deals to be had on existing homes for sale.  Be sure to do your homework before you purchase and always get a home inspection before you make an offer.  Make a list of pro’s and con’s of the home and take into account how you and your family will actually live in the home.  If it’s going to take a lot to remodel the home to fit your family’s needs, maybe building a new home is a much better solution and it’s such a nice feeling moving into your brand new, never lived in home!

Thursday
Aug232012

From the Builder:

I hope your summer has been filled with family fun and adventure.  We still have a few more weeks of summertime and still plenty of days of sunny weather to enjoy even after children head back to school.

Our Boise-Nampa metro area sure has been making headlines over the summer.  There has been a flurry of activity in our local housing market allowing us to make many “Top Ten” lists identifying the Treasure Valley as one of the best places to live, do business and one of the fastest recoveries as far as the housing market is concerned. 

Needless to say, these rankings are definitely affecting new home construction as well.  With a median housing inventory less than 2.5 months, the supply is no longer able to keep up with demand.  We have seen a huge jump in inquiries to build new homes in just the last few months.  If this trend continues, expect to see more construction jobs become available in our area and our unemployment numbers decrease. 

The bottom line is this: Homebuilding is at its highest level in nearly four years. More homes are selling, and at higher prices.  This trend is evident in over 100 metro areas across the United States.  With traditional buyers and investors competing against one another for the purchase of existing inventory, these price increases will surely be sustainable. 

Good news indeed!

 

Jeff Hibbard

Thursday
May172012

The Benefits of Building a New Home vs. Fixing up a Bank Owned Home

A common fallacy among homebuyers is the thought that the best home values in today's market are foreclosures and bank owned properties. While there are some good deals on these types of properties, for most buyers, buying a new home is actually the better value in the long run.

What makes buying a new home a better value? For starters, when you purchase or build a new home you are protected by a warranty. If anything goes wrong, the home is covered by the builder's warranty on workmanship and materials.  You have peace of mind knowing there won't be any unforeseen out-of-pocket repair costs to absorb.

Of course, the ultimate benefit of building new is having the opportunity to design your dream home. You are the first owner and everything is pristine, sparkling, and brand new. You are able to customize the home by selecting items like finishes, paint colors, cabinetry, countertops, and flooring. Rather than making due with someone else's choices, you have the benefit of living in a home and a neighborhood that truly reflects your taste, lifestyle and personality.

Buying a foreclosure can be a gamble.  Are you prepared to roll the dice?  Most buyers don't realize there are a variety of risks associated with buying a foreclosure.  The biggest concern for any potential buyer should be the fact that properties in foreclosure are sold "as is." This means there's no warranty protection.  Even if you have a home inspector go through the home with a fine tooth comb, certain elements of a home have a limited life expectancy.  Are you prepared to replace the furnace in two or three years?  Most furnaces only have a life expectancy of 10 to 15 years tops.

Additionally, when you purchase a foreclosure you can't always be sure of the condition of the home. Many homeowners stop taking care of the property when they realize they will be losing the home. Often, maintenance issues are not immediately visible.  For example, having the water turned off for a long period of time can result in problems with seals and plumbing fixtures throughout the home. Buyers are forced to pay out of pocket to bring the home up to an acceptable standard of living.

In the Boise area, foreclosure and bank owned properties have begun to attract multiple offers, with professional investors stepping in and bidding up the prices of many below-market foreclosure listings. What initially looks like an incredible deal ends up selling at a significantly higher price. Keep in mind that many of these properties may also require a substantial additional investment after the sale to replace damaged fixtures, missing appliances, stained or worn-out carpets and dead landscaping.  After these types of repairs are made and added to the initial purchase price, the cost per sq. ft. is very comparable to that of building brand new.

The reality is it's a great time to build a home.  Lumber prices are down, interest rates are extremely attractive, and the selection of available lots couldn't be better.  When making an investment as significant as a home purchase, building a new home with a reputable builder in today's market promises the best of both worlds-outstanding value and peace of mind. 

Tuesday
Nov222011

Ground Breaking News!

Congratulations to Joe & Carol Z. for breaking ground for their new Hibbard home being built it Sweet, Idaho. 

Hibbard Construction is honored to be a part of this joyous time in your life, and to be chosen as the builder of your home.  We sincerely hope we exceed all your expectations in the building of your home.

We wish you many years of memories and happiness in your new home!