Archives for March 2012

Tour of a 260 square foot Barcelona loft

Can a 260-square-foot space actually be livable? With hidden functionality and fold-out panels, it sure can

It’s hard to say what’s more striking about this unique living space in Barcelona — the 360-degree rooftop view, the outdoor bathtub and beautiful terrace, or the cleverly hidden panels that allow for a fully functional living space. Photographer Christian Schallert happened upon this space randomly and fell head over heels for its great location and stunning roof deck. But at just 260 square feet, the tiny and barren space left plenty to be desired.

He and architect Barbara Appolloni, a friend, came up with a unique design that allows the apartment to function in different modes — each appliance and piece of furniture is tucked into a hidden panel. By opening and closing panels, Schallert can adjust the apartment to his needs of the moment, whether he’s cooking, taking a shower or sleeping.

by Churreria Photography

by Churreria Photography

Because the apartment is such a small space, there was no other option than to make it as flexible as possible. Schallert worked with Appolloni to come up with a practical design that would work for his lifestyle. "I basically had to write an exact list of all my belongings that would have to fit into the apartment," Schallert says.

The result: Everything is within reach and in its assigned space. A fold-out panel serves as a desk, panels pop open to reveal storage, and the bed pulls in and out of a large slot as needed. "It’s almost like living in a big closet," Schallert says.

by Churreria Photography

Schallert lived in this space for two years. (He still owns the home but currently lives in another part of the city.) He traveled and worked a lot, so he didn’t spend much time there. When he woke up in the morning, he immediately pushed in the bed to create a living space to welcome him home at the end of the day.

The panels and floor on this side of the unit are made of a mix of compressed wood and concrete called Viroc. The material has an industrial look but isn’t as hard as concrete. It doesn’t get too cold in the winter and works well in the summer too.

by Churreria Photography

BEFORE: Schallert wasn’t looking for an apartment when he found this space. After someone stuck a sticker on his photography studio’s window about it, he randomly decided to take a look. "I fell in love with it even though it was literally only a couple of square meters where pigeons lived," Schallert says. "I just loved the old building and this incredible 360-degree view of Barcelona."

by Churreria Photography

AFTER: Six months later, Appolloni and Schallert had transformed the unit, packing it full of multiple-use concepts. "It’s like having one house packed into a single room," he says.

by Churreria Photography

The kitchen panel is all tucked into one side of the space. An integrated fridge, an electric stovetop, a sink, a freezer, a microwave and a dishwasher have assigned spaces. At mealtimes, the dining table is pulled out along with all the kitchen appliances.

by Churreria Photography

Afterward, everything is cleaned up and tucked away. The bed is pulled out, the TV turns from the wall toward the bed and the room changes into a large hotel-style bedroom.

This remodel took about six months to complete. Because of the nature of the project, Schallert and Appolloni had to get some specific construction licenses.

by Churreria Photography

BEFORE: Although Schallert initially envisioned living in a dream loft in Barcelona’s trendy el Born district, he loved the difficulties that this bare-bones space presented. "I took the challenge and changed this pigeonhole into a James Bond kind of apartment," he says.

by Churreria Photography

AFTER: The toilet is the only private space in this apartment. It’s in a small room with a little window, behind a hidden door next to the sink. The shower glass cube and sink stay out of the way of the kitchen and bedroom modes against this wall.

by Churreria Photography

A 65-square-foot elevated balcony is just outside the bed area; the bed is pushed there when it’s stored away. When it’s time to pull it out again, Schallert simply pulls on a leather strap attached to the end of the bed frame.

by Churreria Photography

There’s another 200 square feet of terrace space up a flight of stairs from the smaller balcony. Schallert installed an outdoor tub for two and a convenient washer and dryer here. Barcelona is a sunny city, so it made sense to make the most out of the outdoor space.

by Churreria Photography

A big outdoor couch provides the perfect place to enjoy the Spanish sun. Schallert occasionally hosted dinner parties on this terrace for up to five people.

Although this space worked for Schallert, he acknowledges that it isn’t the best setup for everyone. Since he was single and able to keep all of his work things at his office (just around the corner), it was easy for him to keep everything neat and clean. "You’re practically forced to be organized. Otherwise it’s one big mess in five minutes," he says.

A Musical Retrospective of 2011

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What tops America’s home improvement list?

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Houzz has become an invaluable resource for homeowners and other consumers who are researching, planning and managing remodeling, building and decorating projects, giving us unique insight into what projects are getting the most attention, and in which regions of the country.

The Joint Center for Housing studies recently stated that home remodeling activity is expected to remain weak through the first half of 2012. Given the enormous volume of activity on Houzz, from saving and sharing ideas to researching and contacting building, remodeling and design professionals, we wanted to answer the question: in this economy, where are people focusing their home improvement efforts?

We are sharing those insights with our community in a study and infographic entitled “What tops America’s home improvement list?” released today. The data provides unique insights into the type and relative volume of planning and research activity occurring for specific home improvement projects, insights that can help guide the marketing efforts of home design professionals, retailers and manufacturers.

Some of the key findings include:

  • Americans increase their home improvement activity around closets and entryways in the fourth quarter
  • Most major metros make kitchens the top priority, but Los Angeles and Miami gave bathrooms the top spot
  • San Francisco, Seattle and Miami prefer modern or contemporary kitchens; other metros opt for more traditional styling.

More good stuff at Houzz.com

Have Home Prices Finally Reached Bottom?

Target House“Prices are bottoming now,” according to a Bank of America Merrill Lynch forecast, released this week.

In the fall, the analysts had predicted home prices would drop by 8 percent from the second quarter of 2011 through the first quarter of 2013 — but now they’re revising that forecast, realizing the housing market is stabilizing faster than they originally thought.

The analysts now predict that prices will remain flat for the next two years, as the excess foreclosure inventory is absorbed. They then expect to see a pickup in home prices by 2014.

And in the long-term, they see a big rise in housing prices. From 2012 through 2020, analysts forecast a cumulative growth of 42 percent in home prices (at 4 percent on an annualized basis).

Source: “Home Prices ‘Bottoming Now,’ BofA Merrill Lynch Analysts Say,” HousingWire (March 22, 2012)

The inbound marketing explosion [infographic]

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Seattle: Most Indicators Positive

Seattle-Beautiful-View_1600x1200_6029Tech and aerospace industries keep Seattle and surrounding cities competitive with the rest of the nation. Based on data compiled by the Seattle Market Review (March 2012), the Evergreen State shows economic growth with several bright spots.

  • Seattle ranks in the top three for tech startup jobs around the nation, according to PayScale’s “Tech Startup Hotspot Score.” PayScale takes into account median annual pay and availability of new positions. Only San Francisco and Austin beat out the Emerald City, which enjoyed a median salary of $74,900.

  • Boeing is seeing its highest levels of employment since 1999, when 82,400 men and women were employed, according to the News Tribune. At the end of February, the company employed 82,325 workers in Washington and a total of 171,921. The majority of jobs were added in WA, the center of the company’s commercial airplane production and design work.

  • Seattle’s unemployment rate fell to 7.5 percent in January, down from 7.7 percent in the month prior. Overall in the state, unemployment dropped to 8.3 percent.

What does the labor market growth mean for housing? King County’s inventory is shrinking. Fewer homes were listed for sale in February than at any time since the housing crisis started. And while the U.S. median single-family sale price fell by 2 percent in February — to $308,125 — Seattle has fared better. Its median house price went up by 3 percent to $365,000 from February 2011.

28 Ways to Customize Your Kitchen for Less

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1. Zinc-top prep table: Use a potting bench to stand in for an island; its shelf can hold pots for cooking just as easily as ones for planting. Finish it to match your cabinets, or use an accent color to make it a focal point. One we like: Living Accents bench, about $240; Ace Hardware

2. Warm wood counters: Gentle on knives and simple to install yourself, butcher block is one of the most popular—and affordable—countertop materials. Choose long, edge-grain strips or blocky end grain. A ½-inch-thick-by-26-inch-square beech slab, about $29; Ikea

3. Skirted sink: A curtain on a $7 rod handily hides cleaning supplies and plumbing and adds a welcome hit of color and pattern. Buy a fabric remnant and stitch it yourself or have a tailor sew it to your specs. Find designer prints for under $10 per yard; Joyce Fabrics

4. Pendants with patina: Repro lights can cost more than the real deals. You pay for new wiring and the ease of not having to troll salvage yards. But these days many dealers refurbish their old lights, and the search is half the fun. Find ready-to-install vintage industrial pendants like these, about $100 to $225; Portland Architectural Salvage

5. Metal backsplash: A nod to commercial kitchen backsplashes, galvanized-steel roofing forms a fire-safe barrier between the range and the wall. Make yours using Galvalume Ribbed Steel Roof Panels, about $32 per 38-by-144-inch piece; Lowes

6. Stylish score: A hanging plate rack doubles as a dramatic window treatment. Get a similar one, about $130; Plow & Hearth

Read the rest here at ThisOldHouse.com

Market Tracker: February Existing-Home Sales Up Strongly from a Year Ago

February existing-home sales declined from an upwardly revised January pace but are well above a year ago, while the median price posted a slight gain, according to the National Association of REALTORS®. Sales were up in the Midwest and South, offset by declines in the Northeast and West.

Total existing-home sales, which are completed transactions that include single-family homes, townhomes, condominiums and co-ops, slipped 0.9 percent to a seasonally adjusted annual rate of 4.59 million in February from an upwardly revised 4.63 million in January, but are 8.8 percent higher than the 4.22 million-unit level in February 2011.

Lawrence Yun, NAR chief economist, says underlying factors are much better compared to one year ago. “The market is trending up unevenly, with record high consumer buying power and sustained job gains giving buyers the confidence they need to get into the market,” he says. “Although relatively unusual, there will be rising demand for both rental space and homeownership this year. The great suppression in household formation during the past four years was unsustainable, and a pent-up demand could burst forth from the improving economy.”

According to Freddie Mac, the national average commitment rate for a 30-year, conventional, fixed-rate mortgage was a record low 3.89 percent in February, down from 3.92 percent in January; the rate was 4.95 percent in February 2011; recordkeeping began in 1971.

NAR President Moe Veissi says market conditions are improving. “Supply and demand have become more balanced in more markets, but with tight supply in the lower price ranges—particularly in the West,” he says. “When markets are balanced, we normally see prices rise one to two percentage points above the rate of inflation, but foreclosures and short sales are holding back median prices.”

The national median existing-home price for all housing types was $156,600 in February, up 0.3 percent from February 2011. Distressed homes—foreclosures and short sales sold at deep discounts—accounted for 34 percent of February sales (20 percent were foreclosures and 14 percent were short sales), down from 35 percent in January and 39 percent in February 2011.

“The bottom line is investors and first-time buyers are competing for bargain-priced properties in much of the country, with home prices showing signs of stabilizing in many areas,” Veissi says. “People realize that homeownership is an investment in their future. Given an apparent over-correction in most areas, over the long term home prices have nowhere to go but up.”

Total housing inventory at the end of February rose 4.3 percent to 2.43 million existing homes available for sale, which represents a 6.4-month supply4 at the current sales pace, up from a 6.0-month supply in January. Even so, unsold listed inventory has trended down from a record 4.04 million in July 2007, and is 19.3 percent below a year ago.

“Falling visible and shadow inventory, combined with a dearth of new-home and apartment construction during the past three years, assure that rents will continue to rise, with likely home price increases in 2012,” Yun says.

Fifty-one percent of NAR members report that contracts settled on time in February, 18 percent had delays and 31 percent experienced contract failures; the cancellation rate was 33 percent in January and 9 percent in February 2011. Contract failures are commonly caused by declined mortgage applications and failures in loan underwriting from appraisals coming in below the negotiated price.

“Many buyers are staying in the market after experiencing a contract failure and making an offer on another property, showing their determination to take advantage of the favorable conditions, but the cancellations are contributing to an uneven sales pattern,” Yun says.

All-cash sales rose to 33 percent of transactions in February from 31 percent in January; they were 33 percent in February 2011. Investors account for the bulk of cash transactions.

Investors purchased 23 percent of homes in February, unchanged from January; they were 20 percent in February 2011. First-time buyers accounted for 32 percent of transactions in February, down from 33 percent in January and 34 percent in February 2011.

Single-family home sales declined 1.0 percent to a seasonally adjusted annual rate of 4.06 million in February from 4.10 million in January, but are 9.4 percent higher than the 3.71 million-unit level a year ago. The median existing single-family home price was $157,100 in February, which is 0.1 percent above February 2011.

Existing condominium and co-op sales were unchanged at a seasonally adjusted annual rate of 530,000 in February and are 3.9 percent above the 510,000-unit pace in February 2011. The median existing condo price was $153,000 in February, up 1.6 percent from a year ago.

Regionally, existing-home sales in the Northeast fell 3.3 percent to an annual level of 580,000 in February but are 5.5 percent above a year ago. The median price in the Northeast was $225,800, down 1.9 percent from February 2011.

Existing-home sales in the Midwest rose 1.0 percent in February to a pace of 1.02 million and are 13.3 percent higher than February 2011. The median price in the Midwest was $120,500, which is 0.5 percent below a year ago.

In the South, existing-home sales increased 0.6 percent to an annual level of 1.77 million in February and are 9.3 percent higher than a year ago. The median price in the South was $138,100, up 1.8 percent from February 2011.

Existing-home sales in the West declined 3.2 percent to an annual pace of 1.22 million in February but are 6.1 percent above February 2011. The median price in the West was $195,300, up 3.1 percent from a year ago.

For more information, visit www.REALTOR.org

Efficient Light Bulbs: Green Design Will Save the World

energy-efficient-light-bulb-infographic-537x356Energy-sucking 60-watt incandescent light bulbs are still found in homes around the world, however there a variety of light bulbs out there that last longer, consume less energy, and provide up to 95% of the light output. Considering the fact that incandescent bulbs will be phased out in the near future (January 2014, to be exact), it’s time to consider replacing them with efficient alternatives. Hit the jump for an infographic explaining the different energy-efficient lighting solutions out there!

 

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