Monday, January 28, 2013


First impressions are made at the front door

Home's entrance is seldom high on remodeling priorities

By Arrol Gellner
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January 11, 2013
Have you ever been to a house where you had to skirt the gas meter or sidle around garbage cans to get to the front door? Or one where there was such a bewildering array of doors, you weren't sure which one to knock at?
The front entrance is seldom high on people's remodeling priorities. Yet, just like that old saw about first impressions, it's your home's entrance that people notice first. It's practically impossible to rectify a bad impression made at the front door.
Tract-home builders have known this for years; even in the cheapest house, they'll never cut corners on the front door. They know that a strong impression of quality here subtly colors a visitor's perception of the whole house.
For much of architectural history, front entrances have been a focal point of a home's design. In colonial New England, for example, the front door was often flanked by sidelights and topped by a pediment, setting it apart from an otherwise austere facade.
The entrance should also be clearly apparent from the street. That doesn't mean it has to be glaringly exposed to view -- just that its location should be easily deduced by an unfamiliar passerby. Architects call this principle "demarcation."
There are lots of subtle ways to demarcate a front entrance. The most common is to surround the door with an architectural form such as a pediment or other type of trim. Another traditional strategy places the door in a recess, on a projection, or under a roofed porch. You can find a well-known example of the latter on the back of a $20 bill.
Here are some thoughts for planning your own grand entrance:
  • Don't place an unsheltered entrance door flush with the front wall of the house; it'll create an unwelcoming "side door" or trailer-door effect.
  • Don't bring the path to the front door past utilities such as gas or electric meters, or past unsightly storage areas for trash or the like. Keep these kinds of features out of the visitor's line of sight.
  • Don't force visitors to walk on a driveway to get to your front door. Provide a separate walking path, or at least set aside a portion of the driveway paving using a different color or texture so it's clearly meant just for those on foot.
  • If you plan to provide a covered entrance porch, make it at least 6 feet wide -- enough for a person to stretch out both arms without touching either wall. Anything less will feel cramped and uncomfortable. Also, make the porch at least 4 feet deep (6 feet is better), or it'll feel cramped when more than one person is waiting outside the front door. A cheaper alternative to building a projecting porch is simply to recess the front door. Again, make the recess at least 6 feet wide, and not less than 2 feet deep.
  • Lastly, if your house has several doors facing the street, make sure your front approach aims your visitors toward the main entrance. Your front door may seem obvious to you, but, hey, you live there.


Thursday, January 24, 2013


'Microstudio': Is 325 Square Feet the

Future of Housing for City Dwellers?


microstudio

Unless you're in college, the prospect of living in a tiny, 325-square-foot apartment probably sounds like a nightmare. But according to a new exhibit at the Museum of the City of New York, this living situation could be the future for many single city-dwellers.

MCNY's latest exhibit, "Making Room: New Models for Housing New Yorkers," explores the future of housing in dense urban areas such as New York City. Through the exhibition of innovative new housing models, provided by architects affiliated with the Citizens Housing Planning Council and New York Mayor Michael Bloomberg's adAPT NYC program, ideas surrounding the changing demographic of cities and a need for greater efficiency were explored.

CHPC research, for example, has shown that almost half of New York City's population is comprised of single adults. But this is not reflected in the housing options and needs available to city dwellers: Only 1.5 percent of New York City's rental housing stock is made up of studios or one-bedroom apartments ready for occupancy, said Sarah Watson, senior policy analyst at CHPC. This has caused the rampant growth of illegal living situations.

"Currently, laws in New York City are still based on the demographics and living arrangements of the 1960s," said Watson. "We need to move forward."

Moving forward could take the physical form of a 325-square-foot "microstudio" apartment with transformable furniture. (See the gallery below.) Though apartments under 400 square feet are illegal in most of the city, Mayor Bloomberg is currently exploring ways in which such micro-units could be tested in New York City.

Tuesday, January 15, 2013


Real Estate Recovery: See it,
Believe it... and Then Invest in It!

Dear Wall Street Daily Reader,
A smart investor recognizes that the market is a forward-looking beast. He also knows that the market regularly scales "walls of worry," and that prices rise before everyone realizes a recovery is imminent.
The average investor? Well, he sits on the sidelines and, in turn, misses out on significant profits.

Don't believe me? Look no further than the real estate sector for proof...
Be Greedy When Others Are Fearful
Back in February, when I predicted the real estate market hit rock bottom, my inbox overflowed with venom for making such a preposterous claim. Hundreds of readers unsubscribed, too.

Of course, homebuilding stocks were already telegraphing a recovery. But nobody wanted to believe it because home prices were still falling across the country. They let the "wall of worry" blind them from the opportunity.

As I wrote at the time, though, "prices are going to be the last thing to bottom out." Well, they just officially did.

The latest reading of the Case-Shiller House Price Index went positive on a year-over-year basis for the first time in 21 months.
Now that people can finally see the real estate recovery, they're starting to believe it, too. It's not just investors, either. It's the mainstream press.

Case in point: Mentions of the phrase "Housing Recovery" in news articles went completely vertical this summer. Take a look:
The only problem? Those who were waiting to see it to believe it lost out on killer profits.

More specifically, average investors who waited for real estate prices to actually increase - instead of acting when homebuilding stocks bottomed out in October 2011 - missed out on profits of about 100%.

I guess Warren Buffett was on to something when he said it pays to be greedy when others are fearful, huh?
Double-Digit Upside Remains...

Rest assured, the purpose of today's column isn't to scold anyone for being average instead of smart. Truth is, I'm no stock market Einstein. It took almost five months of rallying by homebuilding stocks for me to wise up to the opportunity. So I'm only slightly better than average on this one.

Instead, I want to encourage you to invest in the recovery before it's too late. Especially since the latest data points indicate the recovery's gaining steam.

Take the 
National Association of Home Builders/Wells Fargo Housing Market Index, for instance. It rose for the fifth straight month to its highest level since June 2006.

This Index happens to be a reliable leading indicator of single-family housing starts. Take a look:
And wouldn't you know it? Yesterday's report from the Commerce Department revealed single-family housing starts rose 5.5%, to a rate of 535,000 homes - the fastest pace since April 2010.

As you can see, though, a huge gap still exists between the two data sets, indicating that an even more sizeable increase in housing starts is imminent.

Translation: The recovery should pick up steam in the coming months. Especially in the wake of the Fed's decision to keep mortgage rates low.

I'm not the only one who expects the real estate recovery to accelerate, either.

On TuesdayGoldman Sachs (NYSE: 
GS) issued a note to clients saying, "Our confidence in our forecast for a 20% to 30% housing activity growth for each of the next few years has risen."

Goldman's favorite homebuilding stocks are MDC Holdings (NYSE: 
MDC), KB Home(NYSE: KBH), PulteGroup (NYSE: PHM) and Toll Brothers (NYSE: TOL).

So, how do we play it? I'm convinced that spreading our bets is the smartest strategy at this stage in the recovery. By that, I mean investing in an ETF that gives us exposure to multiple homebuilders at the same time, instead of trying to focus on one or two homebuilders like Goldman suggests.

We have two options: the SPDR Homebuilders ETF (NYSE: 
XHB) and the iShares Dow Jones Home Construction ETF (NYSE: ITB). I favor the latter because it gives us more direct exposure to a real estate rebound.

How so? Well, six of the top 10 holdings in ITB are homebuilding stocks, whereas XHB only includes two in its top 10. And in terms of the total portfolio, 85.6% of the Dow Jones Home Construction ETF is invested in homebuilders and building materials stocks. The SPDR Homebuilders ETF only has 56% of such exposure.

Long story short, ITB is a purer play. Accordingly, it's rewarding investors with higher returns. Case in point: Over the last six months, ITB is up 30%, nearly doubling the returns of XHB.

Bottom line: The time to be a smart investor in the real estate recovery has passed. But all the profits have not. So don't be dumb. Now that you can see it, believe it. And then invest in it!

Ahead of the tape, 

 

Louis Basenese
Truth Seeker and Chief Investment Strategist
Wall Street Daily



Friday, January 11, 2013

Wireless IP Home Camera Security

Image of woman monitoring home on iPad.Long gone are the days of a bulky surveillance camera, expensive installation, and bulky home recording setup. With wireless technology and speedy home bandwidth the norm in most homes, you can have a video home security system up and running in no time.
Y-cam is one provider of such a service:
"A super simple system consists of HomeMonitor cameras, online account and 7 days free cloud storage. No technical knowhow is required, you don’t even need a computer, all you need is to connect the camera, create an account and you're away."
HomeMonitor lets you watch live or see recorded events from an internet-enabled computer or smartphone. Features include: Infrared night vision, multiple cameras, motion detection with alerts, secure cloud storage, and only streams video when you need it to (which helps keep bandwidth usage lower).