New home purchase considerations

This article is intended to be a primer on buying your new home. It does NOT include all the information you need to know. Do your homework. There is a lot of information readily available from a HUD certified housing counselor, on the internet and from real estate professionals. DOING …

Read More

How to hire a contractor

How to Hire a contractor Hiring a contractor can be a daunting task for many homeowners.  Contractors aren’t known for their bedside manor; homeowners feel intimidated; and contractor lingo can be confusing. Hiring the right contractor is about a lot of common issues that will be covered in this article. …

Read More

Home Inspector deal killer

THE ‘DEAL KILLER’ HOME INSPECTOR ‘Deal Killer’ is a common term used by some real estate agents, developers and contractors to describe a particular home inspector. The term itself is obviously meant in a derogatory manner. The implication is that it is the home inspector that causes a particular real …

Read More

New Construction Condo 10% holdback Legislation

THE NEED FOR A NEW CONSTRUCTION CONDO BUILDING 10% DEVELOPER SALE ESCROW HOLDBACK UNTIL THE DEVELOPER TRANSFERS AUTHORITY TO THE NEW CONDO ASSOCIATION AND ALL CONSTRUCTION COMPLETION IS VERIFIED WHY LEGISLATION? The intent of this article is to set out the case for State and/or local Municipal legislation requiring essentially …

Read More

Homeowner annual maintenance repair planning

Winter is a good time to plan ahead for next year’s household repairs. With Spring approaching many homeowners start thinking about and planning for home improvement projects. Spring and Winter are good times to budget and plan. Summer and Fall are good times to get things done. Home improvements are …

Read More

What a good home inspection should provide a Buyer

A good home inspection can serve multiple purposes. Contrary to popular believe the intent of a good home inspection is not to provide a negotiating tool for price reductions. Granted you may want to re-negotiate based on inspection findings. However, that shouldn’t be a primary goal. Some buyers get a …

Read More

Proposed CMU Ordinance – City of Chicago

This post is about the development of a proposed City of Chicago ordinance for a new disclosure form during the transfer of real property involving new and existing buildings containing any amount of CMU construction. This is an ongoing project with contributions by numerous professionals.

Condominium Reserve Study

Knowing and understanding your Condo building conditions can go a long way in saving assessments, improving building conditions and increasing resale equity. This article may help you understand why.

Is this House a good investment?

Whether a particular house is or isn’t a good investment is a complicated question that shouldn’t just be viewed from a money standpoint. Of course, its always about the money. It’s also a quality of life issue for you and your family. Read the details …

Chicago Building Code considerations

“Why does the City of Chicago need this pesky building code?” This is a question that many a homeowner has asked at one time or another. The unfortunate scenario, is that this question is often asked in frustration or anger by building owners during a remodeling job. The perception is …

Read More

Why Home remodeling projects cost so much

HOMEOWNERS AND REMODELING PROJECTS Why Homeowner remodeling projects cost so much Inexperience Thinking that each little extra cost isn’t a big deal Not keeping track of extras as the job progresses Choosing nicer quality finish components than you planned on Hiring the wrong contractor Don’t believe all you see on …

Read More

Construction Defects – Chicago

HOMEOWNERSHIP AND CONSTRUCTION DEFECTS Construction defects are one of those issues that no one ever wants to think about. Builders like to pretend there either is no such thing; it’s just a pesky misunderstanding; or it is always something another Builder does. Municipal inspectors don’t have the manpower to catch …

Read More

Buying a Condo in Chicago

CONDOMINIUM OWNERSHIP CONSIDERATIONS Ask for copies of the last few Condominium Association meeting minutes. The meeting minutes can often times be very revealing about building conditions, ownership concerns or upcoming repair costs at the property. Ask for all information as required by Section 22.1 of the Condominium Act. Your attorney can …

Read More

Home buying in Chicago

BUYING A NEW HOUSE IN THE CITY OF CHICAGO OWNERSHIP CONSIDERATIONS Water & Sewer bills: In the City of Chicago the bill comes twice a year. Bill payment varies in the suburbs. The bill may be due monthly, quarterly or semi-annual. Check with your local village to have service put …

Read More

Basement Remodeling in Chicago

Adding living space to your existing home So you’ve been looking at that open utility basement and thinking it would be a great space for an extra bedroom, bathroom and new recreation room. You aren’t the only one with those ideas. This is one of the most common major projects …

Read More

Should I buy this House?

The Home Inspection process and the question of whether or not you should buy a particular house. Often times an inspector gets asked, ‘Should I buy this house?’ This seems like a reasonable question. It is however a question I cannot responsibly answer. This question is much bigger than just …

Read More

Attic remodeling – Chicago Bungalow

City of Chicago vintage Bungalow attic rehab So you’ve been looking at that raw storage attic and thinking it would be a great space for a master suite with a wonderful spa bathroom. You aren’t the only one with those ideas. Chicago bungalows tend to have some very nice un-used …

Read More