We have a packed show for you today with several special guests! We have Michelle Guth and Bill Young with Diversified Mortgage talking about 203K Loans and Future Value Appraisals. We also have Rod Givens, president of Alturas Homes and a chair person for the Fall Parade of Homes here to fill us in about the parade. Be sure to check out the Fall Parade of Homes: Friday, Saturdays and Sundays from 11am-5pm, September 29th-October 1st!

Seg 1


Dave Burnett:                    This is the Idaho Real Estate Buzz. I'm Dave Burnett. He is Thom Dallman, the co-owner, designated broker at Core Group Realty. Coregrouprealty.com is the website. Call 208-933-7777 to find out all about Core Group Realty, and the things we talk about here on the show.

Thom Dallman:                  We love chatting about stuffs, don't we?

Dave Burnett:                    We do. You know, real estate is constantly changing, constantly moving. And one of the things changing is some of the new properties.

Thom Dallman:                  Yeah, yeah, we've actually just got released the numbers this week for August sales and meeting price points and stuff like that, so we're really happy to see that we actually had a slight increase in inventory -

Dave Burnett:                    That's good.

Thom Dallman:                  For August. Yeah, that's good. I mean if you listen to the show regularly, you know that we've been talking about our inventory shortage and all the things that we've been kinda going through with that, and what that entails a bit. It was nice to actually see some homes coming on the market in August and having some more options out there for people and availability. You know, the caveat to this whole thing is that home prices are going up as well ... are continuing to go up, they just went up from July's median price point for Ada County was 271 thousand. And August looks like it's 278 thousand, so.

Dave Burnett:                    Is that in part, you think, due to the fact of so much new construction that's going on?

Thom Dallman:                  Yeah, I think new construction has a lot to do with that because when there's a lack of inventory, new construction becomes more prevalent because there's just not as many options out there and so people tend to gravitate towards new construction. So, you know, we're right now, this year at one of our highest percentages of sales for new constructions versus resales. So, we actually have a lot more new homes selling, which is great, and stuff like that, so. Looking forward to talking later in the show with Rod Givens from Alturas Homes and talk a little bit about new construction in the Boise fall Parade of Homes as well, so.

Dave Burnett:                    Which is coming up soon.

Thom Dallman:                  Yeah, yeah, so -

Dave Burnett:                    Well the good news is on the website at coregrouprealty.com, there is some places where you can go and see some of the new listings that you have and you can add some new ones.

Thom Dallman:                  Yeah, you can check out our featured listings on there and see some of the stuff that we have available. It has a direct link to our homesearch site as well so that you can look for the current homes. Our homesearch site's updated every 15 minutes so you're getting all the information as quick as it gets on the MLS, so it's definitely something to check out if you're in the market to find a home, or if you're just curious about what your home's worth in your area. It's a great opportunity to get on there and kinda, we have a great home evaluation tool on there, as well, where you can just submit some basic information and it'll give you a value of your home. Obviously, it doesn't, it can't tell you the condition of the house. That'll vary, but yeah [crosstalk 00:03:08] it's definitely worth checking out. Exactly, exactly, so. But in the meantime, we have a couple listings that I'd love to share. These are new ones that just came on this week, so. The first one is over in the Hobbler Place subdivision at 6948 North Prescott Avenue here in Boise. This one is a three bed, two bath, two car garage. It's all single level. It's 1,100 square feet. So a nice level home for those that don't wanna deal with stairs and so forth. So, does have garden space as well as storage shed, covered patio, family room, guest rooms. They just recently renovated the kitchen, so some great options there. And this one is coming on at 205 thousand, so.

Dave Burnett:                    Nice.

Thom Dallman:                  If you've been listening, you'll probably know that 205 thousand dollars in the Boise area is actually a really good price. You don't find a lot in that price point in Boise these days. So great opportunity once again for that first-time home buyer, for those people that wanna kinda downsize, and so forth. So even investors, this would be a great rental property, too, if you're looking to get some rentals under your belt.

Dave Burnett:                    And that's over on Prescott Avenue?

Thom Dallman:                  Yep. 6948 North Prescott Avenue.

Dave Burnett:                    So all they have to do is go to coregrouprealty.com and in that section just put in Prescott Avenue, and it'll bring it up.

Thom Dallman:                  It should, yeah.

Dave Burnett:                    OK.

Thom Dallman:                  Should be able to see it in there, so yeah. Once again you throw in the full address 6948 North Prescott Avenue, go to the featured listings page on Core Group Realty and it'll be in that list as well -

Dave Burnett:                    Perfect.

Thom Dallman:                  So.

Dave Burnett:                    Nice.

Thom Dallman:                  Yeah, talking about another great opportunity in the Randall Acres subdivision in Boise. This one's at 7830 West Cummins Avenue. That's Cummins with a C. C-U-M-M-I-N-S Avenue. This is a 976 square foot house, single level with a carport. Three bed, one bath. Point 24 of an acres. It is fully fenced with a dog run with a garden space as well. But this one's listed at 160 thousand, so -

Dave Burnett:                    Wow.

Thom Dallman:                  Once again, should go pretty quickly, should be snatched up 'cause there's just not a lot in this price point, so. And great opportunity for investors, first-time home buyer. Once again, anybody who's in that price point. It's a great price point for Boise, 160 thousand.

Dave Burnett:                    As you see the values of homes going up, you know, you talk about that first-time home buyer and Michelle [inaudible 00:05:55] could tell you more about programs for first-time buyers. But it is difficult if you're young, and you've got a job, and you look at homes, and suddenly you're looking at 275 thousand dollars, it's like oh my goodness. But to get in and get started on a home, maybe put some cosmetic improvements and then begin that process of working your way up.

Thom Dallman:                  Exactly.

Dave Burnett:                    This is a perfect starting point.

Thom Dallman:                  A great starting point, for sure. It's interesting that you should bring up married couples and stuff like that because I just read an article this week, and I'm forgetting what company put it out, but they were talking about the new stats on weddings and how much weddings are costing. The average wedding now costs about 26,900 dollars is what this report showed. So there's a start of a trend for engaged couples to take that money that they would spend on their wedding and actually buy a house first. And use that money for a down payment. Like literally, you know, parents have saved the money for their daughter's weddings, the daughter comes to them and says, you know, "Hey, can we have that money to buy a house, and you know, and then we'll just get married later?"

Dave Burnett:                    We'll go to the justice of the peace and have a first anniversary party.

Thom Dallman:                  Right? Right, so yeah, so -

Dave Burnett:                    It's not -

Thom Dallman:                  It's an interesting article, and something that I'm gonna try, or figure out a way to explore because I think that's pretty -

Dave Burnett:                    I think it's brilliant.

Thom Dallman:                  Yeah, exactly.

Dave Burnett:                    I mean, honestly. And nothing against weddings. I do music for weddings, so nothing against weddings. But you look at the investment and if you can invest that into a home -

Thom Dallman:                  Exactly.

Dave Burnett:                    You could invite all your friends over for a backyard party.

Thom Dallman:                  Yeah, exactly.

Dave Burnett:                    I mean, just maybe I'm getting older, but that just seems to make a whole lot more sense to me.

Thom Dallman:                  Yeah, yeah. I think it's an interesting trend, and yeah, like I said, I'm kinda curious to see how that plays out over the next couple years. And you know, with these increases in prices that the nation's seeing in home prices and stuff like that how often we'll see people doing that.

Dave Burnett:                    See what a change that is. And if you own a wedding site and you need it sold, you can call Thom Dallman at Core Group Realty.

Thom Dallman:                  Exactly. [crosstalk 00:08:08]

Dave Burnett:                    And we'd be happy to sell that wedding site location for you.

Thom Dallman:                  There you go.

Dave Burnett:                    I mean, again, there's plenty people in the valley for weddings traditionally to go on, but I'm curious to see if you wanted to put a blog together on that, just kinda how that affects the Treasure Valley and what's happening here [crosstalk 00:08:28]

Thom Dallman:                  Yeah, that's actually a really good idea for a blog. Yeah, I'll make sure and get that put together here in the next couple weeks, so.

Dave Burnett:                    That'll be good for you. So those are two new listings that you can find at coregrouprealty.com, the website.

Thom Dallman:                  You can see all of our listings there, featured listings, we've got a couple on there that have had some price improvements, I guess, some price reductions. So, you know, there's a couple on the North End particularly that are really great opportunities. 2409 North 21st Street. Really close to Hill Road, and Hyde Park, and everything over that way. This is a great 3,000 square foot bedroom, four-bedroom, three bath, house, listed, it's currently at 659 thousand. It's a great opportunity to have a quarter acre property in the North End.

Dave Burnett:                    Nice.

Thom Dallman:                  Yeah. There's not a lot of those bigger lots, and this one literally has so much room in the back yard that they have just kind of RV parking, they have toy parking, they have-

Dave Burnett:                    Which for the North End is to have a garage is a big deal.

Thom Dallman:                  Exactly.

Dave Burnett:                    Yeah.

Thom Dallman:                  To find something, you know, with a two-car garage, and to have the RV parking and the space in the back for your other toys and stuff is just a really great opportunity, so. Definitely, if you're in the market and/or know of anybody that's, you know, looking in the North Ends in that price point, this is a great opportunity to check out. As well as the house over at 3898 North La Fontana Way. That's La, L-A. Fontana, F-O-N-T-A-N-A. This one is at 499 thousand, and it is a great five bedroom, three and a half bath, 3,729 square feet. So, this is just right off of Bogus Basin and Cartwright. Just kinda up that direction a little bit, so. Great opportunity, great home. Well worth the visit if you are looking for the North Ends. And's a great opportunity to be close to, you know, be right there on Cartwright if you're a bike rider to jump and ride those hills.

Dave Burnett:                    That's right, they're in the foothills. [crosstalk 00:10:46]

Thom Dallman:                  Steer, you can just jump over around to Bogus Basin and head up to the ski hills -

Dave Burnett:                    Nice.

Thom Dallman:                  And yeah. It's just a great opportunity, so. Worth checking out if you're online and looking at 'em.

Dave Burnett:                    So really at coregrouprealty.com there is something for everyone, from just over 100 thousand dollars to half a million [crosstalk 00:11:02]

Thom Dallman:                  All the way up to the upper ends.

Dave Burnett:                    You gotta like that.

Thom Dallman:                  For sure.

Dave Burnett:                    We'll continue on the other side. This is the Idaho Real Estate Buzz. I'm Dave Burnett. He's Thom Dallman. Being brought to you by Diversified Mortgage and by Core Group Realty. Call 933-7777. Find out why they say, "You get more with Core".



Seg 2


Dave Burnett:    This is the Idaho Real Estate Buzz I'm Dave Burnett and Michelle Guth with Diversified Mortgage, equal opportunity lender joining us in studio again today. And you brought a special guest with you today.

Michelle Guth:  I sure did. Good morning Dave. I had an opportunity to bring in one of my partners today Bill Young, who is our regional renovation manager. He does a tremendous job, he has decades of experience doing renovation loans, and we'd thought we'd touch on the 203k program today for FHA financing that we've spoke about in several segments, so welcome.

Bill Young:           Thank you, I'm glad to be here.

Dave Burnett:    Okay, Michelle just threw a lot of numbers, and acronyms in there. FHA, what was the loan ... what is it?

Michelle Guth:  203k. We've talked about FHA on numerous occasions, which is a government program offering 3.5% down financing. You do not have to be a first-time home buyer, and along with that program they have a great option to do some rehabs to the property, which is this program that Bill's gonna touch on today called the 203k.

Dave Burnett:    Excellent, so is this, Bill, then the kind of loan that somebody's obviously buying a house that needs renovation or maybe, house flippers? Is it a loan for that kind of a deal or no?

Bill Young:           You know the application for it is multifaceted. Generally, it's finding a home that needs some work that the buyers don't wanna have to go out-of-pocket once they get in there. And we can finance either cosmetic changes to the property, or we can actually add square footage and make the home more suitable for their needs.

Dave Burnett:    So, does this need to be a home that can pass a loan? In other words, if the foundation is crumbling under it, would it qualify for this or no?

Bill Young:           Absolutely. We can fix just about anything

Dave Burnett:    Oh okay.

Bill Young:           The general rule is we want to save any transaction that's in jeopardy because of property condition.

Dave Burnett:    Okay, very good. So how often are people coming in, Michelle, for this kind of a loan? Or maybe not even knowing that this kind of loan exists?

Michelle Guth:  We get requests for them quite frequently. A lot of the times we'll have people that are even asking for the program more even so for cosmetic updates versus structural updates. With our inventory shortage that we have currently, there are some great homes out there that maybe are dated in nature and need a lot of updating between carpet, appliances, and kitchen and so forth. And this would be a good program for that as well.

Dave Burnett:    Okay so I'm trying to get my arms wrapped around what this loan would be for. Let's say there's an old farmhouse out on Chicken Dinner Road somewhere. Way out in the country. It's maybe something built at the turn of the century and really needs a lot of love. Is this the kind of loan that's perfect for that?

Bill Young:           Absolutely. When you see maybe properties are listed as cash only, they can be financed using this type of financing. So it really allows the home buyer to explore more options and maybe consider properties that they didn't think were suitable.

Dave Burnett:    Well lets kind of go over what's the difference between structural and cosmetic? Is that a good question to ask?

Bill Young:           Absolutely. So, there's two categories that take this to the higher level or more complex loan. It's based upon dollar amount of the improvements, exceeding $35,000. Or if we're doing anything structural or architectural. So, if we're adding square footage, we're messing with the tresses, or anything structural. We can repair foundations. If it requires lifting the house and rebuilding the foundation, that would be considered structural.

Dave Burnett:    Okay, so that would be structural. But just to repair, if I have a crack in it, that's more cosmetic? Or is that structural?

Bill Young:           It can fall into, as long as it doesn't exceed that $35,000, it can fall into the category of cosmetic. They term it as a limited 203k versus the standard, the traditional 203k, which allows for the structural improvements to the house.

Dave Burnett:    Okay so who makes that determination? Is it an inspector or is somebody ... Who makes that determination?

Bill Young:           Well it kind of starts with home inspection, is a good way to start. And then if it appears that we're going to either exceed that dollar amount or the type of work that's being done. So that's kind of a judgment call that I make right up front, based on the scope of work that's gonna be done to the house.

Dave Burnett:    We're talking to Bill Young who is a partner with Michelle Guth at Diversified Mortgage, and that you work together. How often do you call on Bill and his expertise?

Michelle Guth:  Oh, he's a huge resource to us. Again, he's been doing these two programs and specializing in them for years. And we will have properties in many occasions that will not meet the appraisal guidelines and this is a great saving grace for us to be able to flip it over to this type of a program so that we can save the transaction for the client.

Dave Burnett:    See, I've always wondered what happens when you have a house that ... especially an older home, you know something in the turn of the century that's not gonna qualify for your standards or loan, what you do with it. So, this kind of is the answer.

Michelle Guth:  It's a great program. I think it would be helpful as well, Bill, if you would kind of touch on how they determine maximum loan amounts when they're looking at the purchase price, along with what the cost will be to do those type of repairs.

Bill Young:           So, we're limited to the county limit for loan amount. And that determines how far we can go with the 203k. And what's that number for our county?

Michelle Guth:  It's approximately 274,000

Bill Young:           That's kind of the determining factor there.

Dave Burnett:    That would be not only the loan amount, but the ...

Michelle Guth:  The repairs, correct. We can't exceed the base loan amount.

Dave Burnett:    I'm just trying to think in my mind here, some of these older homes ... Some of them you can get for a pretty good buy because they really need a lot of love.

Michelle Guth:  They do. And in doing the calculations Bill's going to get bids and so forth and determine what is the cost to do the requested repairs. And then the caveat to it is we do have to have a future value appraisal to support the cost of the repairs along with the acquisition so that's where it can get a little more complicated.

Dave Burnett:    Future value appraisal. How do you get that?

Bill Young:           So it's very similar to a construction appraisal. Where we're taking into consideration the improvements that are to be made, and that actually creates instant equity for the clients if we're doing really quality work, which is required with all these programs. We do have to use a contractor.

Dave Burnett:    Do you keep a photo album? I would love to see before and afters of some of these homes that get these loans.

Bill Young:           I'm probably not as good at that as I should be. The contractors that work with us tend to do a better job of that. But some of them are very stunning. The transformation from an old farm house to a beautiful home is certainly breathtaking.

Dave Burnett:    Have we talked about this before?

Michelle Guth:  We've touched on the program, we have not gotten into the specifics, which is why I brought in the expert.

Dave Burnett:    Yeah, because I'm intrigued now. Just by the whole process. That's always been one of my bucket list dreams, even though I'll never do it. And that would be to restore an old farm house. I think that would just be fantastic to do.

Bill Young:           You know, consumers are not particularly aware of these programs but a lot of them do watch the home improvement shows on television. One of the most popular viewing out there. And anything that you can imagine that the home could be improved to with the newest, latest, greatest amenities can be included in these loans.

Dave Burnett:    Okay, well let’s say my real estate agent has found an older home somewhere. One that needs some love. One that needs either some structural or cosmetic, what is the process that we go through with this?

Bill Young:           So the first thing that I ask for really is to see a copy of the listing. That way I go through the photos, I see how it's listed and I get a sense of what the property would need. I'm certainly not the final say on it, but I'm the starting point.

Dave Burnett:    Okay. So would you go into Diversified Mortgage office and say "This is kind of what I'm thinking about"?

Michelle Guth:  Correct. So they'll meet with myself, one of my loan officers and we'll go ahead and go through the credit approval process to ensure that they meet the credit standards and assets.

Dave Burnett:    Just like normal.

Michelle Guth:  Exactly. And then we're going to work with Bill to go through the collateral itself to determine what is our future loan amount and purchase price going to be, based off of the, again the acquisition cost, what are we paying for the house compared to what do we have to tack onto the price to do all of the requested improvements.

Dave Burnett:    It seems like there's a lot to this. In fact, maybe we should make this a two-part segment and maybe touch on some more next week?

Michelle Guth:  Absolutely we have a secondary program I think we'll touch on next week as well, which is attached to a conventional program. Requires a higher down payment of 5% versus the FHA, which we mentioned today, which is only 3.5%, but is a great program as well. So, they both have their niches as far as what would make the most sense for the client.

Dave Burnett:    Well we have a couple minutes to go, but I do wanna point people to your website. If you just tuned in and caught part of this saying, "Wait a minute, this is what I need". What is the website there for Diversified if somebody wants to hear more about this?

Michelle Guth:  Yeah we'd love to visit with you. Visit our website at dmgloans.com or call our office at 853-7878.

Dave Burnett:    Bill Young is our guest in the studio talking about the 203k loan process. I guess I didn't prepare you for this, but I'm kind of curious so maybe we'll talk about it on next weeks show. What's the biggest nightmare you've run into as far as you've seen something and went, "Oh boy are we gonna be able to get this through" and then had a success story, does something just jump to mind on that?

Bill Young:           You know whether or not the client can qualify for the loan with the purchase price plus the renovation cost is really the only thing that kind of stands in their way.

Dave Burnett:    The home itself has never really been an issue then?

Bill Young:           I've seen everything, and repaired from the front porch falling off to sliding down a hill. Lots of great stories.

Dave Burnett:    Yeah, excellent. Bill Young who works with Michelle Guth with Diversified Mortgage. And Michelle if somebody wants to come in and get pre-qualified for a loan, how would they go about that process?

Michelle Guth:  Please give us a call at 853-7878 we encourage you to come in and sit down with us because this is a more complicated transaction, certainly not one we recommend you try to do over the phone or on the internet. That face to face interaction is going to be key.

Dave Burnett:    So again, if you have a property and it's something that ... a home that requires a little bit of love ... Okay maybe a lot of love, maybe some structural repair or just cosmetics, get ahold of Diversified Mortgage and Michelle will get you in touch with Bill and be able to see what perhaps you can do and maybe you've got that home that's kind of been a bucket list as well to go through and to work on as well. This is the Idaho Radio Buzz. We do this each and every Saturday and we'll continue on the other side. We'll continue on the other side right here with the Idaho Real Estate Buzz



Seg 3


Dave Burnett:                    This is the Idaho Real Estate Buzz. I'm Dave Burnett. He is Thom Dallman, the co-owner, designated broker of CORE Group Realty. You can call 208-933-777 Coregrouprealty.com is the website. 208-933-7777. In fact, you can try that and call right now.

Thom Dallman:                  Yeah, give it a call. There's someone standing by to answer that call and help you out.

Dave Burnett:                    Get you into the right direction ... what you need.

Thom Dallman:                  Answer any question that you may have.

Dave Burnett:                    I want to point out, again, this is not a real estate agent who will answer. It's somebody with information that if you need a licensed real estate agent, they can point you that way.

Thom Dallman:                  Will get you go to one of our specialists. For the most part, they're there to answer pretty much any question that you have on the area, website. How to navigate through the website. How to use some of the features on it and stuff like that.

Dave Burnett:                    I find it funny is that often times one of the biggest questions, especially from out of town, "What's the weather really like there?"

Thom Dallman:                  What's the weather really like?

Dave Burnett:                    Yeah, because everybody running for their life from the fire.

Thom Dallman:                  I've got some newer clients that have just moved into town within the last two years. They're all kind of hounding me, saying, hey, you promised us that the winters were mild. Last winter was not mild.

Dave Burnett:                    And you know what? We'll find out.

Thom Dallman:                  Exactly.

Dave Burnett:                    Everybody has the old apartments almanac just recently came out. Who knows?

Thom Dallman:                  Exactly.

Dave Burnett:                    Who would've figured that February would've been a nightmare here last year?

Thom Dallman:                  Exactly. So, they're standing by, and we're standing by to answer questions. As always, we talk about fun topics and different things, not just necessary real estate, but one of the things that I'd like to talk a little bit about is just kind of livability and kind of things to think about when you do buy a new home and you're kind of going to live in your home and you might want to make some changes or you might want to go out and buy furniture or do stuff like that. So, helpful hints in the livability of your home and then future resales. Some of the stuff for future resale as well.

Dave Burnett:                    Maybe we'll title this segment: Good Ideas and Not-So Good Ideas.

Thom Dallman:                  And not-so good ideas.

Dave Burnett:                    Because we all know that person. In fact, some of us may be that person that thought, "It'd be really good if we did this." And do it and it's like, "What was I thinking?"

Thom Dallman:                  Exactly, exactly. I think one of the biggest things that people get so excited and they go out and they want to buy new furniture and just fill their house with all this new furniture, but it's so easy to buy furniture that doesn't necessarily fit your space.

Dave Burnett:                    Well, it's easy when you're at the furniture store, and they've got 40,000 feet in a furniture store, that big section of the sofa looks pretty comfortable.

Thom Dallman:                  That looks pretty comfortable and that looks pretty small, but-

Dave Burnett:                    Once you get in the house, if you can get it into the room, and it's hanging in front of a door, that's a problem.

Thom Dallman:                  Exactly, exactly. So always recommend that people who get to the furniture, take some measurements. One of my favorite things to do is actually go home and find some cardboard where I can actually cut it out to the dimensions as the furniture and place it in the room that you're going to put it in just to see how it is size-wise and to make sure that you can move it around and that it fits the space. Avoid those big ugly leather sofa sectionals in a teeny tiny room.

Dave Burnett:                    I'm going to tell on myself here we bought a sectional for our TV room. I looked at the basin, how big it was, which ... Okay, that'll fit just fine. What I wasn't thinking of is how that the arm came out from the basin was a little bit bigger. So, when I opened the backdoor, it's right there.

Thom Dallman:                  It's right there.

Dave Burnett:                    It's right there.

Thom Dallman:                  Oh my gosh.

Dave Burnett:                    I figured, "Okay, the backdoor, it's my TV man cave room. I'll deal with it."

Thom Dallman:                  Exactly, exactly.

Dave Burnett:                    But could've had a little better prior thinking.

Thom Dallman:                  Yeah, for sure. Well, along the lines of furniture, too, nowadays, lot of furniture companies will allow you take kind of samples home or pillows for certain furniture. The reason for this is because lighting can change the color of stuff.

Dave Burnett:                    It can.

Thom Dallman:                  I know firsthand we had bought a couch for our home way back in the day. When we got it actually delivered and in the house, it was a greenish gray instead of just the blueish gray that looked like on the floor. So, it just did not match-

Dave Burnett:                    Didn't work.

Thom Dallman:                  ... our décor.

Dave Burnett:                    That's not only for furniture. Carpeting, flooring-

Thom Dallman:                  Rugs, artwork. I mean, they say that you should never buy a ... just go buy artwork and then try to get your house around that artwork.

Dave Burnett:                    In part because most commercial businesses have fluorescent lighting. Your home has natural and incandescent lighting and/or LEDs now.

Thom Dallman:                  Exactly.

Dave Burnett:                    It's totally different.

Thom Dallman:                  Exactly, yeah. So, that's a huge one. Just the lighting can change everything, and you get it home and you find yourself with a pink couch instead of the-

Dave Burnett:                    Instead of rose.

Thom Dallman:                  Yeah, exactly. Definitely, once you make sure that you're kind of looking at that stuff before you put it in and before you're getting it into your home. Some of the things that we talk about on kind of just remodels and kind of going through and doing home improvements and stuff like that, if you're remodeling your kitchen, be careful on those floors that you pick and don't pick dark floors that will show every single crumb. As well as on the reverse side, you don't want really super light floors that you'll-

Dave Burnett:                    Every bit of dirt.

Thom Dallman:                  Every bit of dirt shows up on. Strategically placing the appliances in your kitchen sink if you're doing that extensive remodel ... is important. Don't ever put that kitchen sink in a corner.

Dave Burnett:                    Well, hopefully, if somebody is hiring somebody, a contractor to do it, that contractor will point that out saying, "It's probably better to have your dishwasher close to the sink so you're not dragging stuff across the room."

Thom Dallman:                  Exactly, exactly. Well, yeah. I mean, you want to make sure that you're hiring contractors that are willing to do that and not just go, "Yeah, sure, whatever you want. We'll do that for you and stuff." Make sure that you're interviewing contractors, making sure you're selecting contractors that fit you and your lifestyle and that will work hard for you. It may not be the cheapest person. The cheapest person isn't always the best person. Saving money can maybe cause you headaches down the road. You just have to be really careful with your contractors. Make sure they're licensed and insured. Make sure that they come highly recommended and stuff like that. So, definitely something to make sure that you-

Dave Burnett:                    I guess another little advice ... so this comes from having a recent remodel in the kitchen. What you think just might be a little inconvenience, it's going to wind up being a big inconvenience.

Thom Dallman:                  A big one.

Dave Burnett:                    You think, "That's not that big a deal. We can live with that." Guess what? After about that 50th time that you're having to get this out of a cupboard that's that little ... it becomes a major pain.

Thom Dallman:                  Exactly.

Dave Burnett:                    So, think things through, and then think them through again, and then take somebody's advice.

Thom Dallman:                  Exactly, exactly, but not too many people's advice.

Dave Burnett:                    No-

Thom Dallman:                  Remember, this is your home.

Dave Burnett:                    ... you won't get anything done then, but-

Thom Dallman:                  Exactly.

Dave Burnett:                    ... it's not a bad idea to run it by somebody. Say, "What do you think if we did that over there?" They might go, "That's really going to become inconvenient."

Thom Dallman:                  Yeah, exactly.

Dave Burnett:                    If you thought that way, it probably would confirm it.

Thom Dallman:                  Yeah, for sure, for sure. One of the interesting things that I always see, too, especially on commercials for home improvement companies and stuff like that is the wall splotches. Painting all different colors on the wall to see which one fits better for the room and stuff like that. Highly recommended, sticking to the little pieces of paper with the colors on it, because those wall splotches that you paint now could eventually do what is known as tattooing the wall, unless you put a couple, several coats on.

Dave Burnett:                    It'll bleed through.

Thom Dallman:                  Those could bleed through. You'll see little spots there that's-

Dave Burnett:                    Somebody at your wall and go, "What was the eight little squares on that wall?"

Thom Dallman:                  Exactly. You really want to make sure that you can avoid that and just tape those little pieces of paint samples that they give out at the stores to the walls to get those colors. It's a really good suggestion. Since we're talking about painting, never paint the exterior of your house if it's brick. Painting over brick is-

Dave Burnett:                    Painting over brick.

Thom Dallman:                  Yeah, it's one of those things that pop up every once in a while that just ... it's a lot to kind of get back to the natural brick look if you do something like that.

Dave Burnett:                    There's some people listening right now going, "Hey, we painted our brick."

Thom Dallman:                  All right.

Dave Burnett:                    It may look good, but if you ever want to go back, it is a nightmare-

Thom Dallman:                  Totally.

Dave Burnett:                    ... to get rid of all that paint. So, you're either stuck painting over paint.

Thom Dallman:                  Exactly. There's a good portion of the population and buyers out there when you go to resell that are going to look at that and say like, "Man, I wish they wouldn't have painted that. I love the look of brick and stuff." So, just be wary of your house and if it has brick exterior and you're thinking about painting it. Just be aware of how that will affect some of the buyers out there. They always say that you should never paint a bedroom until you get the bedding that you want for it. It's another one of those helpful tips of livability, just because the paint and the bedding can go together, or they can clash.

Dave Burnett:                    I was just thinking about it. It's probably easier to get a paint that matches a bedspread as opposed to find that perfect bedspread that matches that avocado green that you put in the bedroom.

Thom Dallman:                  Exactly, exactly.

Dave Burnett:                    I never thought about that, so when you're going ... and I don't think there's a paint store anywhere that would mind if you brought in a comforter to match up with paint.

Thom Dallman:                  Exactly.

Dave Burnett:                    I don't think they would mind at all.

Thom Dallman:                  I don't think they would mind at all.

Dave Burnett:                    That's not a bad idea. I never thought of it that way.

Thom Dallman:                  Most comforters come with the pillowcases that match them, so you can take those pillow cases in and stuff like that.

Dave Burnett:                    Match it that way.

Thom Dallman:                  Yeah.

Dave Burnett:                    I hadn't really ever thought of that.

Thom Dallman:                  Think about your bedding and think about your furniture in a room before you rush into go in and paint. We see that a lot with people who buy homes and stuff like that. They want to kind of go in and paint accent walls and do all kinds of fun stuff before they get moved in because it's a little bit easier to paint when you don't have furniture in there. You run that risk of getting a new furniture in there and realizing that the paint color you got was just not the right color. So, I've seen people who've had to go back and repaint due to that fact.

Dave Burnett:                    To get that matched.

Thom Dallman:                  As I was kind of doing some research on this too, I ran across an interesting little comment made by someone that says, "Never drink wine while operating power tools."

Dave Burnett:                    Why?

Thom Dallman:                  Because it spoils the wine.

Dave Burnett:                    Good point. That's a good point.

Thom Dallman:                  So, I think that it's not an uncommon thing to open up a beer or to while your kind of doing some home improvement stuff on the weekend, relaxing at home. So, stay away from the power tools if you agree to do that. Use your power tools before you opened up that beer, have the beer for a reward, or wine, or whatever it is.

Dave Burnett:                    One other suggest when it comes to using power tools and building stuff and this is coming from a brother-in-law.

Thom Dallman:                  Okay.

Dave Burnett:                    There are reasons for building codes.

Thom Dallman:                  Yes, there are.

Dave Burnett:                    You adding that shed thing on the end of the house might want to be the code, because-

Thom Dallman:                  Make sure your contact planning [inaudible 00:12:05] if you do any kind of additions like that.

Dave Burnett:                    Sometimes our projects don't really come up looking quite right and if you're going to try to resell it: A) it's got to be up to code, and B) it may not look quite right attached onto the house.

Thom Dallman:                  Yeah, always check your CC&Rs too. If you are doing any kind of outbuildings and stuff like that, because back in the day, my father built a shed on land that he owned and ended up getting sued from the homeowners' association because he built ... it wasn't sufficient space away from the house. There had to be a certain amount of space from the house. So, had to go to court, and finally got ... won it. The court said, "That's just ridiculous." It was like just couple feet off. It was 30 feet or something like that. You just don't want to get yourself stuck in something like that if you have a homeowners' association watching out for those things.

Dave Burnett:                    Better to check ahead.

Thom Dallman:                  Yes, exactly.

Dave Burnett:                    Thom Dallman who is the co-owner, designated broker of CORE Group Realty will continue on the other side here on this Saturday afternoon together. This is being brought to you by Diversified Mortgage and by CORE Group Realty. Go to coregrouprealty.com or call 208-933-777. Find out why they say, "You get more with CORE."



Seg 4


Dave Burnett:    This is the Idaho radio buzz, I'm Dave [00:00:02] along with Thom Dallman [00:00:04] of core group realty. Coregrouprealty.com is the website, 933 ... No let me back that up. 208-933-7777

Thom Dallman:  Don't forget that 208.

Dave Burnett:    That is the phone number for you to call to ask any questions you may have about the program, about the show we're doing, about the website. We're about core group realty, and a customer care agent will be standing by to answer your questions and one of the questions you may have is, when's the fall parade of homes this year?

Thom Dallman:  It's coming up. It's coming up.

Dave Burnett:    It is coming up. As a matter fact a guest with us here at core group as we're talking about the fall parade of homes.

Thom Dallman:  Yeah, yeah we're really excited to have Rod [givens 00:00:40] here, the president of Alturas homes and also the chairperson for the fall committee for the parade of homes. So he's here to chat a little bit about the parade of homes coming up and give us the dates and the low down on what's happening out there.

Rod Givens:        Yeah thanks Thom Dallman. Thanks, it's nice to be here. Yeah so the fall parade of homes is coming up the end of September. It starts the 29th, 30th and 1st of October and the next two weekends. It'll be open, so basically Friday, Saturday and Sunday from 11 AM to five PM on each of those days.

Dave Burnett:    It seems like we just had the parade of homes and then here we go again, it is the fall parade of homes and tell me what all is involved for you prior to in getting this organized because for me as a consumer it's nice to go out, poke around and look at this home. Oh look at that, look at that cabin. Oh look at the paint job on that. But for you there's a lot involved in putting this together.

Rod Givens:        Yeah there's a significant amount of work that happens behind the scenes. The consumers that are out looking are seeing these products that all these builders have built and the coordination and the effort to put together the magazines, to coordinate the locations of where all these homes are going to be, and really the way the market is right now, just from the builder's perspective, getting homes completed and finished right now is more of a struggle than it's ever been. With labor shortages and all those things. And so it's a great opportunity though for consumers to look at this product that builders have put together and be able to go out and see it's a little different than the spring parade. The spring parade is a little more ... Maybe you see some larger homes and higher end homes. The fall parade is maybe a more realistic view of what a consumer can go out and buy on the market, maybe a little more affordable type quality of homes. But it's a great opportunity to see.

Thom Dallman:  Well I've always told my clients and stuff like that, that's it a great opportunity to really get the opportunity to almost interview the builders and see which builder kind of fits. We always talk about on the show about how not all builders are the right builders for everybody, and everybody has their likes and desires and what they want in a home. So it's a really great opportunity to go out there and just see what the builders are building into their homes. And find out if it's what fits your needs and your family's needs and stuff like that. So to really find that perfect builder for a person.

Dave Burnett:    So the fall parade of homes coming up at the end of the month on the 28th it will start. You mention locations and it suddenly made me think, because the parade of homes has been going on ... I'm not even sure when did it start here in the valley? Do you have a year that it started?

Rod Givens:        Oh it's been a long time. I couldn't tell you that answer but it's been a long time.

Dave Burnett:    I just remember when I came and here's a real difference, at that point I mean if you were out in the five mile area you were way out there, as opposed to now. They're getting further and further out and in part that's because just the way the growth is spread out in the area, how are locations determined?

Rod Givens:        It's basically a product of where builders are building at the time. And like you mention the growth is spreading and it's primarily spreading to the west. And so you'll see this year a lot of homes that are in the north meridian, south meridian star areas. It's pushing out to the west. There are some up in hidden springs, there's some over in the east valley over there, but there's , you’re  not seeing the concentration closer into Boise, it's getting the outskirts for sure.

Thom Dallman:  It's spreading.

Dave Burnett:    And that does create more of a challenge because there was a time where you can go and pretty much hit every ... You could hit all the homes in a weekend anyway just because of the distance, it's a little more of a challenge.

Rod Givens:        It is, yeah it is for sure. Obviously, traffic, there's more traffic. The population has increased quite a bit over the last few years and so you're seeing more traffic. But I think you'll see this year specifically with the fall parade, you should be able to hit quite a few of them. There's some concentration of parade homes in certain areas and that will be nice for consumers to be able to go and look. And I think Thom Dallman ...

Thom Dallman:  I spent one weekend in this little area, next weekend over in this area.

Dave Burnett:    I was going to say if it starts on the 28th, how long does it last? How many weekends?

Rod Givens:        So the 29th, it's three weekends, so it actually starts on the 29th, which is a Friday. And it's open from 11 to five on Friday, Saturday, Sunday for three weekends.

Dave Burnett:    So, you might want to get the map and where are those going to be available at this year?

Rod Givens:        Oh, various locations, there's a big list. I can't remember. [crosstalk 00:05:29] Off the top of my head I can't remember. I think Thom Dallman will have some obviously here at core group realty.

Thom Dallman:  You can definitely swing by here at core group realty and grab some too, we'll have some available here at the office.

Dave Burnett:    So you might want to do a little strategy and map out where you want to go and take a different location.

Rod Givens:        And you can also go to boiseparadeofhomes.com and look and there's maps. The building contractors and association of southwest Idaho started a new website for the spring parade, so some of the folks may be familiar with that website from the spring parade and that same website will operate for the fall parade.

Dave Burnett:    Nice, what can we expect this year in the fall parade of homes? Anything new, something? And I'm sure you're busy building because you have your own company, so maybe you haven't gotten out a lot. But what can we expect to see this year?

Rod Givens:        I think you'll see a lot of new innovation. That's one of the beautiful things about this market and specifically the treasure valley. There are a lot of custom builders. And when you compare that to other larger metropolitan areas, there are very higher densities of production home building and not as many custom builders. I think that's one of the things that Thom Dallman mentioned about going and interviewing builders and being able to talk to their real estate agents that represent them. Is you'll be able to see that builders here in the treasure valley have the ability and the desire to really customDalle and design a home that fits for each individual. And I think that's one of the beautiful things about this market and this valley is there are a lot of great builders that can do that. And so I think you'll see a lot of variety in product. I think you'll see in the fall parade you tend to see more of like I say, what builders typically build. The spring parade, we as builders generally all want to kind of showcase our absolute best and the biggest and newest design.  In the fall parade we might have say Alturas homes has 20 floor plans. We'll pick from one of those floor plans and we'll build a fall parade. So you'll see the typical Alturas home, where the spring parade might be a brand new home, a brand new design. But I think that's one of the nice things about the fall parade.

Dave Burnett:    So if we go ... Where is the Alturas home going to be this year?

Rod Givens:        Alturas, we'll have a fall parade of home in [inaudible 00:07:56], which is hidden springs. And in homestead subdivision, which is Lindor and floating feather [inaudible 00:08:03].

Dave Burnett:    Okay. Something to be looking for in those homes that you snuck into the program?

Rod Givens:        Oh man, we'll leave that as a surprise for the buyers. I want to make sure to be fair to all the builders for sure. I think we'll all have some new things. That's the nice thing about the parade of homes, is anytime we do a parade, we're trying to keep up with trends and for buyers, to be able to go out and see some of the new tiles and the new hardwoods and the new cabinet designs and new floor plans. The floor plans that we're building now are different than they were three, four, five years ago. And that's one of the best opportunities as a consumer to just be able to go out and preview and look.

Dave Burnett:    What's the biggest change you've seen in floor plans?

Rod Givens:        I think we're seeing a lot more open floor plan design than what we used to five, ten years ago. We're seeing different kitchen designs. It seems like for a while you used to have kind of the same L-shaped dining room, kitchen and great room. And now we're seeing a lot of inline design where it's all kind of one big room, and outdoor living space. I think that's becoming a big thing.

Dave Burnett:    That's really gotten popular.

Thom Dallman:  I can say that I notice that in a lot, in the spring parade this year. It seemed like there was a lot more open, outdoor spaces in the homes. So I'm excited to see some of the new floor plans, more [inaudible 00:09:38] have that going on as well this fall.

Rod Givens:        You know it's a misconception in this area that we have these very cold, harsh winters.

Dave Burnett:    We don't, normally.

Rod Givens:        Except for last year. That's right, no. But the reality is there are eight to nine months out of the year where that outdoor living, we have a great climate for it.

Dave Burnett:    Yeah typically you can be dining outdoors through a good part of October.

Rod Givens:        Right.

Dave Burnett:    So to go out and get a nice outdoor kitchen put out there, an outdoor dining area and a seating area around some sort of fireplace, it's ideal for this part of the country.

Rod Givens:        Yeah for sure.

Dave Burnett:    Very good, so we have the fall parade of homes coming up and it will start on the 29th and details, and once again the website for the fall parade of homes.

Rod Givens:        Boiseparadeofhomes.com I hope I said that right.

Thom Dallman:  And we'll have a link to on coregrouprealty.com too to the site as well.

Dave Burnett:    So as always if you have any questions just go to coregrouprealty.com. This is Idaho real estate buzz. I'm Dave [ 00:10:38], he's Thom [00:10:39] and we do this each and every Saturday at 2:00. Brought to you by diversified mortgage equal opportunity lender and core group realty. 933-7777, that's the phone number. Find out why they say you get more with core.


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