Monday, April 30, 2012

Principal Residence Exemption Filing Dates



Earlier this week, the Michigan House of Representatives voted 109-1 in support of legislation providing a fair process when it comes to their property taxes. The bill now heads to the Governor, where we expect his signature before May 1st.
 
Senate Bill 349, sponsored by Senator Dave Hildenbrand (R-Lowell) creates two Principal Residence Exemption (PRE) filing dates; one on June 1st, and the other on November 1st. Additionally, this legislation allows bank-owned properties to retain their PRE so that buyers can qualify at the lower rate of taxation. This is particularly important since foreclosures have flooded the market in recent years.

Join the Michigan Artist Gallery
For Their 15 Year Anniversary

Michigan Artists Gallery's
15th Anniversary Party
May 26th, 6-10PM
"The Mighty Miniature Show"
Featuring over 60 artists with works no larger than 7" x 7"
Live music wine and hors d'oeuvres 
Located in Suttons Bay Village

Tuesday, April 3, 2012

Office Space Available




Details
# Units: 1
# Offices: 4
Bldg Size: 2,370 SF
Bldg Class: A
Lot Size: 24,570 SF
Property Type: Office Building
Sub Type: Business Offices
Min Divisible: 1.185 SF
Max Contiguous: 2,370 SF
Use Type: Commercial Office Space
# Stories: 2
Floor(s): Ground Level
Year Built: 2007

Desc

New office condo built in 2007- only one previous tenant. Reception area, 4 offices with windows-tons of natural light, high ceilings, kitchenette and bathroom. The unit has central air conditioning and would be well suited for a dentist, or medical professional Lots of off street client parking and an unfinished basement for storage or?
Located on M22 at the north edge of Suttons Bay Village- midway up on the majestic Leelanau Penninsula in Northern Michigan.

Features

  • Like New Carpet
  • Energy Efficient Windows
  • Central Air Conditioning
  • Nice kitchenette adn break room
  • Water View
  • High Traffic & Visibility
  • Water View
  • 1165 square feet in unfinished basement included in rental- GR8 4 storage!
  • Basement Build Out Is Possible


Are Deep Energy Retrofits Worth The Cost

 How much does it cost to perform a deep-energy retrofit at a 100-year-old single-family home? Thanks to a recent study in Utica, New York, we now know the answer: about $100,000. Read more ...

Wednesday, February 8, 2012

Tantalizing Triplex For Sale - $275000

Description
Triplex
• 3 Units - 2 up / 1 main
• 3 Zone Boiler Heat
• Ceiling Fans
• Water View
• Off Street Parking
• Easy walk to school, church, shopping, restaurants and the beach

Main Floor Unit
• 3 bed/2 bath
• 1360 SqFt
• Full Kitchen
• Laundry Room
• Occupied: No

Each Upper Unit 
• 1 bed/1 bath
• 1 unit @ 675 SqFt / 1 unit @ 540 SqFt
• Full Kitchen
• Occupied: One unit
• Rental Income: $800/Month/Unit

Great opportunity 2 invest or retreat in Suttons Bay Village. Buy this property & owner occupy 1 unit. The other 2 units' rent will cover most of PITI payment. Best of all owner occupants may be able to buy with a 3.75% down FHA loan and use 2/3 of the rental income to qualify for the loan. Property can also be
used as straight rental & will return appx 9% cash-on-cash with an appx 7% rate of capitalization based on 80% LTV, 30 year fully amortizing loan @ current quoted fixed rate 4.75% with 2 points. Ask Me How!

MLS: 1733070

Friday, January 20, 2012

What Is LEED?


The move towards LEED and green building practices has been driven greatly by the tremendous benefits which are a direct result of implementing a green approach. Green buildings use key resources more efficiently when compared to conventional buildings which are simply built to code. LEED creates healthier work and living environments, contributes to higher productivity and improved employee health and comfort. The Leadership in Energy and Environmental Design (LEED) Green Building Rating System, developed by the U.S. Green Building Council (USGBC), provides a suite of standards for environmentally sustainable construction. Since its inception in 1998, LEED has grown to encompass over 14,000 projects in 50 US States and 30 countries.
LEED has grown into a comprehensive system of six interrelated standards covering all aspects of the development and construction process. LEED was created to accomplish the following:

• Define "green building" by establishing a common standard of measurement
• Recognize environmental leadership in the building industry
• Raise consumer awareness of green building benefits
• Promote integrated, whole-building design practices
• Stimulate green competition
• Transform the building market

The LEED rating system addresses six major areas:

• Sustainable sites
• Indoor environmental quality
• Water efficiency
• Materials and resources
• Energy and atmosphere
• Innovation and design process

There are different LEED versions having varied scoring systems based on a set of required "prerequisites" and a variety of "credits" in the six major categories listed above. In LEED v2.2 for new construction and major renovations for commercial buildings there are 69 possible points and buildings can qualify for four levels of certification:

• Certified - 26-32 points
• Silver - 33-38 points
• Gold - 39-51 points
• Platinum - 52-69 points

LEED certification is obtained after submitting an application documenting compliance with the requirements of the rating system as well as paying registration and certification fees. Certification is granted solely by the Green Building Council responsible for issuing the LEED system used on the project.

Here are some interesting links to explore


http://www.worldchanging.com/local/denver/archives/007100.html


http://www.greenprintdenver.org/green/LEED.php


http://www.gsa.gov/Portal/gsa/ep/channelView.do?pageTypeId=8169&channelId=-16863


http://www.learn.colostate.edu/certificates/noncredit/green-building.dot


http://www.data360.org/dsg.aspx?Data_Set_Group_Id=1302


Contact us to find or list LEED certified properties for you.

Increase Your Energy Efficiency

Unless your home was specially constructed for energy efficiency, you can usually reduce your energy bills by adding more insulation. Many older homes have less insulation than homes built today, but adding insulation to a newer home may also pay for itself within a few years.

Heat flows naturally from a warmer to a cooler space. In the winter, this heat flow moves directly from all heated living spaces to adjacent unheated attics, garages, basements, and even to the outdoors. Heat flow can also move indirectly through interior ceilings, walls, and floors—wherever there is a difference in temperature. During the cooling season, heat flows from the outdoors to the interior of a house.

To maintain comfort, the heat lost in the winter must be replaced by your heating system and the heat gained in the summer must be removed by your cooling system. Properly insulating your home will decrease this heat flow by providing an effective resistance to the flow of heat.

To determine whether you should add insulation, you first need to find out how much insulation you already have in your home and where.

A qualified home energy auditor will include an insulation check as a routine part of a whole-house energy assessment. An energy assessment, also known as a home energy audit, will also help identify areas of your home that are in need of air sealing. (Before you insulate, you should make sure that your home is properly air sealed.)

When insulating your home, you can choose from many types of insulation. To choose the best type of insulation, you should first determine the following:

• Where you want or need to add insulation
• The recommended R-values for areas you want to insulate.

Understanding R-Value

The R-value is a measure of thermal resistance used in the building and construction industry. The higher the R-value, the greater the insulating effectiveness. Under uniform conditions it is the ratio of the temperature difference across an insulator and the heat flux (heat transfer per unit area). Heat transfer through an insulating layer is analogous to electrical resistance. R-value is the reciprocal of U-value. The U-value (or U-factor), more correctly called the overall heat transfer coefficient, describes how well a building element conducts heat.

The US Department of Energy has recommended R-values for given areas of the USA based on the general local energy costs for heating and cooling, as well as the climate of an area. There are four types of insulation: Rolls and batts, Loose-fill, Rigid foam, and Foam-in-place. Rolls and batts are typically flexible insulators that come in fibers, like fiberglass. Loose-fill insulation comes in loose fibers or pellets and should be blown into a space. Rigid foam is more expensive than fiber, but has a higher R-value. Foam-in-place can be blown into small areas to control air leaks, like those around windows. Increasing the thickness of an insulating layer increases the thermal resistance. For example, doubling the thickness of fibreglass batting will double its R-value,

The R-value is a measure of insulation's heat loss retardation under specified test conditions. The primary mode of heat transfer impeded by insulation is convection but unavoidably it also impedes heat loss by all three heat transfer modes: conduction, convection, and radiation. The primary means of heat loss across an uninsulated air-filled space is natural convection, which occurs because of changes in air density with temperature.

The amount of insulation or R-value you'll need depends on your climate, type of heating and cooling system, and the section of the house you plan to insulate.
Properly insulating your home will not only help reduce your heating and cooling costs but also make your home more comfortable.