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For Sale: Daryl Hannah's Hippie-Chic Malibu Retreat

2014-09-15 16:52:00

Filed under: News, Celebrity Homes, Lifestyle Courtesy of The Agency via ZillowDaryl Hannah's Malibu compound has a standalone master suite with a Japanese-style soaking tub and a fireplace. APDaryl Hannah By Emily Heffter Environmentalist-actress Daryl Hannah is selling her sustainable Malibu compound, a hippie hideaway suited for relaxation after an anti-fracking rally. The "Splash" and "Steel Magnolias" star has been in the news recently because of a reported romance with Neil Young. But that life change isn't likely the reason she's selling her Malibu, California, property. She listed it in 2012 for $4.995 million. Now The Agency holds the $4.25 million pocket listing for the gated 17-acre organic oasis. The property has three buildings: a house with an art studio; a standalone master suite with a Japanese-style soaking tub and a fireplace; and a guesthouse with a loft and views of the ocean. It's not your typical sleek oceanside celebrity retreat, but the home has its own brand of luxury charm, with a historic stone cottage, several gardens and beautiful stained glass. Photos courtesy of The Agency. Read | Permalink | Email this | Comments

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Space Planner Makes Room for a New Life in a Modern Home

2014-09-15 14:17:00

Filed under: Design, News, House of the DayBy Mitchell Parker While undergoing radiation treatment for breast cancer, interior designer Sarah Stacey's mother-in-law made a decision to edit down her life and get more enjoyment out of her home. "She had been living with boxes for years after downsizing and realized she wasn't going to live forever, so she wanted to surround herself with the things she loved," Stacey says. After recovering from successful treatments, she approached her daughter-in-law for help revamping her living space, which was piled high with boxes and cookbooks. Stacey's space planning proved the most beneficial, creating a bright and open layout filled with her mother-in-law's original midcentury furnishings. Midcentury Living Room by Austin Interior Designers & Decorators Sarah Stacey Interior Design After Stacey's mother-in-law downsized from a 3,000-square-foot home in Houston to her new 1,300-square-foot home in Austin, the living room had been filled with stacks of possessions that made it hard to use the space. Stacey helped clear out the room and edit her mother-in-law's stuff to create a open and airy space filled only with the pieces that mattered. "My mother-in-law has incredible taste," Stacey says. Modern Living Room by Austin Interior Designers & Decorators Sarah Stacey Interior Design A previous homeowner had done some sloppy DIY projects. The wood wall, for example, had exposed seams between the pieces of plywood that Stacey had to cover with boards. The Thayer Coggin sectional was the first thing her mother-in-law bought. It cost $16,000 but was something she had always wanted, and she thought she'd be able to pass it down to her grandchildren as an heirloom piece. Stacey found the original Milo Baughman coffee table at a thrift store for $60. "Those are going for $2,800 online," she says. Stacey used one of her mother-in-law's large Persian rugs to anchor the room and soften the raw concrete floors. She selected the pillows to add more of a feminine edge and help break up the all-white sectional. Art: Elisa Gomez; pillows: West Elm and H&M An Eames lounge chair and ottoman, which the homeowner had owned since the 1960s, creates a reading nook near the floor-to-ceiling windows. Cookbooks fill teak shelves that the homeowner also bought in the 1960s. The lighting was added by a previous homeowner. Stacey would have changed it, but the ceiling is what's called a closed envelope and couldn't be opened up. Modern Living Room by Austin Interior Designers & Decorators Sarah Stacey Interior Design Stacey created a half wall so the piano wouldn't have to sit against an exterior wall, where moisture and temperature changes might have caused tuning problems. "It's more applicable to older homes, but just to be safe," she says. Modern Living Room by Austin Interior Designers & Decorators Sarah Stacey Interior Design Stacey designed this white oak media cabinet, which helps balance the wood wall opposite. Cabinet: Honea Woodworks Midcentury Dining Room by Austin Interior Designers & Decorators Sarah Stacey Interior Design The living room opens to this dining room. Originally, Stacey's mother-in-law wanted the reading nook in the dining space and the dining table near the window by the Eames lounge chair. "It would have looked totally different. She benefited the most from space planning, I think," Stacey says. Cats had torn up the dining chairs, so Stacey had them re-corded and had the table refinished. "She had some great pieces that I was able to work with," she says. "I just had to finish things off and bring everything together." See more Rooms of the Day  Permalink | Email this | Comments

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Stressed-Out Suburb Asks If People Really Like Living There

2014-09-15 13:33:00

Filed under: News, Lifestyle Jae C. Hong/The Associated PressPeople exercise on the beach in Santa Monica, California, which won a $1 million civic improvement grant that it's planning to use to help residents feel better about themselves. By John Rogers SANTA MONICA, Calif. -- As Eileen Brown and her dog stand on a bluff at Santa Monica's Palisades Park and survey endless miles of sparkling blue ocean, clear skies and shimmering sandy beaches, she ponders how life could possibly get any better in this corner of paradise. "Really, it seems just about perfect," the Los Angeles woman concludes. There's a picturesque pier off in the distance with an old-fashioned merry-go-round that stands nearly side-by-side with the world's first solar-powered Ferris wheel. The sun is shining brightly, the temperature is a pleasant 79 degrees and a light sea breeze makes everything feel just right. But there's also loads of traffic and a high cost of living, two things that recently prompted the real estate blog Movoto to rate Santa Monica No. 2 on its Top 10 list of America's Most Stressed-Out Suburbs. To do something about that, the city of 92,000 applied last year for a Bloomberg Philanthropies Mayors Challenge grant, proposing that it create a "Wellbeing Project" to determine just how much people in this picture-postcard town really like living here. Santa Monica beat out 300 other U.S. cities in securing $1 million. This week, officials will begin asking residents how involved they are in community activities, if they know who to turn to in times of crisis, if they know their neighbors, how healthy they are, how lonely they might be and how good an education they believe their kids are receiving. Then they'll examine what changes are needed to make life better. "It's really about trying to get a much clearer understanding of who the people of Santa Monica are, what they are doing and what we can do on a local government level to help ensure people are thriving," said Julie Rusk, assistant director of community and cultural services. Some of the other four cities that won grants are going the more traditional route. Houston, for example, plans on building a better trash-collection system. Rusk says Santa Monica came up with The Wellbeing Project after the launch of its Cradle to Career Initiative in 2011. That effort, to learn how students felt about themselves, began after a tragic period that included a teenager committing suicide by throwing himself off a high-rise hotel. "What we found out was only a third of kindergarteners were really ready socially, emotionally, physically, cognitively, for kindergarten," Rusk said. In a community where more than three quarters of adults have college degrees, that was a stunning discovery. About that same time, the city learned its efforts to promote health and fitness might have gotten out of hand when residents complained that commercial trainers had turned Palisades Park into an open-air gymnasium, making it difficult to do anything else there. After months of debate, the city restricted who could use parks for commercial purposes. And on a recent weekday, there wasn't a weight machine or yoga mat in sight at Palisades Park. Instead, it was filled with people having picnics, jugglers, skateboarders, strollers, dog walkers, musicians and someone operating a bubble-making machine. If The Wellbeing Project works as they hope, city officials could tweak other public services. Brown, who loads her dog into the car a couple times a month and travels to the park to unwind, couldn't see too many things to improve. The site of numerous homeless people sprawled out in the shadow of beach-front condominiums did trouble her, however. Brown said she avoids the city's notoriously traffic-choked freeway by taking surface streets from downtown L.A. The locals cite the traffic jams, the homelessness and the cost of living as problems that make Santa Monica not quite as pleasant as outsiders think. "We're choking on gridlock from overdevelopment," says 30-year resident Tricia Crane, who complained of watching the city transform from a quiet beach town of cottage-style homes and modest two-story apartments to one of high-rise condos and apartments with high mortgages and rents. The median price of a home is $992,000. Soon, says street musician Charles Baker Jr., paradise could become the province of just the rich. "The way it's going, nobody is going to be able to afford to live here anymore," he said as he sat in the park with his keyboard. Permalink | Email this | Comments

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Good School Districts: How Much Do They Really Matter?

2014-09-15 09:19:00

Filed under: News, Buying, Home Equity ShutterstockParents hoping to both land a good home deal and give their kids a high-quality education have several costs to weigh. By Rebecca McClay Whether or not you have kids, living in a good school district can be a big deal. It's not only about better teachers, better books, and better test scores. It's also about preserving home values and ensuring faster resale rates. The quality of school districts should play a critical role in your home-buying decision -- although there are pros and cons to buying in top-notch school regions. Parents hoping to both land a good home deal and give their kids a high-quality education have several costs to weigh. Pricier homes in a strong public school district may actually be better bargains than Just because a neighborhood has a poorly ranked public school district doesn't mean that the overall quality of education there is poor. affordable homes in private-school heavy districts. Seeking good public schools: Of course, many buyers already name school districts among the key factors in their homebuying decision. Among adults who live with children, nearly two thirds (63 percent) said a neighborhood's school district would be among the most important considerations (aside from the home's price) when searching for a home. The age of the schools, the condition of their facilities, the student-to teacher ratios and, of course, standardized test scores all contribute to whether a school district is considered high quality or not. Finding private alternatives: But just because a neighborhood has a poorly ranked public school district doesn't mean that the overall quality of education there is poor. Private schools also play a crucial role in their neighborhoods. While in general, the wealthier, more educated, and more Catholic Metro areas have a higher private school enrollment, there is another catalyst behind heavy private enrollment trends -- poor public school quality. In areas with lower-quality public schools, parents are more willing to pay for private schooling in the name of a good education. In fact, private school enrollment is roughly four times higher in the lowest GreatSchools ratings districts than in those with the highest ratings, where just 4 percent of kids go to private school. Parents looking for homes in lower-rated districts but who still want quality education may need to factor in the cost of a private education, which runs well into the thousands per year. Tuition rates vary widely with top-tier prep schools averaging about $40,000 a year for fees while Catholic schools average about $7,000 per year. But the average tuition cost is $10,940, which is the same as $912 per month in mortgage payments, according to a Trulia analysis. In other words, a homeowner with a $1,326 mortgage payment on a $300,000 house who is also paying the average $912-per-month average tuition could effectively similarly afford a $520,000 house with public school education in a better quality school district. Because home prices and school tuitions vary so widely, buyers will have to calculate these differences on their own. Considering the future: Even for buyers without children, investing in a home in a good quality school district can also pay off with consistently higher resale values. Homes there tend to sell faster than homes in lower quality school districts. And during tougher economic times that trigger declines in home values, homes in better school districts usually hold their value more than homes in lower quality school districts. In other words, their home prices are more stable and can better weather another housing market crash. On the downside, these homes in better school districts tend to be more expensive. Buyers here will be paying higher property taxes, and much of that money will be allotted right back the schools. For childless buyers, that's no tax bargain. But in general, buying in a good school district does matter and, with more stability in home prices and more savings from costly private school education, it usually works in favor of the buyer. Rebecca McClay is a long-time business journalist who has written extensively on personal finance and real estate issues for a number of national publications, including MarketWatch, the Wall Street Journal and Bloomberg. She has a master's degree in business journalism from the Walter Cronkite School of Journalism and Mass Communication. Permalink | Email this | Comments

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Is Your Dog on the Insurance Blacklist?

2014-09-15 04:47:00

Filed under: News, Lifestyle, Inside Look Magnus Bråth/FlickrIf your dog's breed is blacklisted, an insurance company can refuse to write you a homeowner's policy. Your dog may be your best friend, but that adorable pit bull, Rottweiler, even a fox-faced Schipperke may be on an insurance company's blacklist of "dangerous dogs." If a breed is blacklisted, your insurance company may either refuse to write you a homeowner's policy, or write a policy that excludes any claims related to your dog. Is Fluffy on the list? Hard to know, because the list is a moving target that changes with the region, underwriter, and a particular insurance company's claim history. "If a company hasn't paid off claims on a particular breed in a while, that type of dog may be knocked off the list," says Loretta Worters of the Insurance Information Institute in New York City. "If other "When it comes to dog bites, the lawsuits go through the roof. breeds experience more problems, they'll put them on the list." Even the nightly news can propel a breed onto the bad dog list. In 2001, the media widely covered the lurid death of a San Francisco woman mauled by two Presa Canarios, thick-necked but usually docile dogs originally bred in the Canary Islands as farm helpers. "Although the Presa Canario remains a quite rare breed in North America, it now seems to appear on every prohibited dog breed list issued by the insurance companies," says dog expert Stanley Coren in Psychology Today. Insurance underwriters aren't dog haters (necessarily), but they are number crunchers and risk evaluators who recognize that dog bites accounted for a third of all insurance liability claims in 2013, amounting to $483 million in payouts -- with an average $30,000 per claim. "We'll sue each over anything," says Mark Carrasquillo, a New York City insurance broker for the past 25 years. "And when it comes to dog bites, the lawsuits go through the roof. It could be just a little nip on the ankle by a Chihuahua." Most dangerous dog lists are based on a 2002 study by the U.S. National Center for Injury Prevention and Control that looked at deaths resulting from dog bites over a 19-year period. Pit bulls and Rottweilers topped the list and accounted for half the 238 deaths where breeds were known, followed by German Shepherds and Huskies. Some surprising killers were Great Danes, known as gentle giants, and St. Bernards, who have rescued Alpine skiers for centuries. Carrasquillo says that he's seen Chow Chows and Shar Peis on dog blacklists. In fact, Carrasquillo said that he feared that he would be blackballed from getting an umbrella liability insurance policy because he owns a pit bull-mix named Max. So, on the application, he described Max as a "chocolate lab mix," and was granted the policy. "It was probably an accommodation for me because I'm a broker," he says. Permalink | Email this | Comments

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Here's How Much Home $400,000 Buys Now Across America

2014-09-13 07:03:00

Filed under: News, Buying, InvestingBy Emily Heffter At more than twice the national median home value, $400,000 will get you a mansion some places and quite the fixer-upper in others. Most places, it's enough to get you a family home. But whether your family home has a Jacuzzi tub will be determined by the home's location. Here's a look at homes around the country listed for about $400,000.  Read | Permalink | Email this | Comments

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Study: Government Wasted Millions on Border Patrol Housing

2014-09-12 11:51:00

Filed under: News U.S. General Services AdministrationThe housing development in Ajo, Arizona, that was built by Customs and Border Protection for its agents. By Astrid Galvin TUCSON, Ariz. -- The federal government wasted millions of dollars in building a housing project for Border Patrol agents in Arizona near the Mexican border, spending nearly $700,000 per house in a small town where the average home costs less than $90,000, a watchdog report found. The analysis by the Department of Homeland Security's inspector general found that U.S. Customs and Border Protection overspent by about $4.6 million on new houses and mobile homes in the small town of Ajo southwest of Phoenix. The agency has spent about $17 million for land, 21 two- and three-bedroom houses and 20 mobile homes. Construction was completed in December 2012. Customs and Border Protection paid about $680,000 per house and about $118,000 per mobile home, according to the report. The average home cost in Ajo is $86,500. The agency realized there was a need for more housing around 2008, when the Border Patrol doubled in size. There are currently about 21,000 border agents, roughly 5,000 of whom are in Arizona. In fiscal year 2004, there were about 10,800 agents, with about 2,400 in Arizona. Building in Ajo became a priority because of its proximity to two Border Patrol stations and because nearby towns lacked sufficient public services for agents and their families. [The text of this article continues below the slideshow.] "CBP did not effectively plan and manage employee housing in Ajo, Arizona, and made decisions that resulted in additional costs to the federal government," the report states. A statement from Customs and Border Protection says that while the agency agrees with recommendations made in the report, it disputes the way the inspector general calculated the cost of each house and mobile home, calling the method "comparing apples to oranges." "CBP relies on the private housing market to provide housing for its employees, except in a few extreme locations such as Ajo," the agency said in a statement released by spokesman Jim Burns. "In Ajo, CBP built urgently needed housing for employees in accordance with the approved CBP design standards and the U.S. government guidance to be used by executive agencies concerning construction of federally owned housing for civilians." He added that the agency remains committed to providing quality, cost-effective housing to frontline border security personnel and their families. The report says Customs and Border Protection did not "adequately justify" hiring the U.S. General Services Administration, a government agency, to manage the housing project, and that it overpaid the agency by about $3 million in unspent funds. CBP also increased funding for the project seven times without providing reasons for the increases or explaining how the money was spent. The government plans to build more houses in Lukeville, which is near Ajo. AOL Real Estate contributed to this report. Permalink | Email this | Comments

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Parking Spaces Sell for $1 Million at NYC Apartment Building

2014-09-12 10:44:00

Filed under: News, Buying Andrew Burton/Getty ImagesA woman walks past the construction site at 42 Crosby Street, where 10 parking spaces are priced at $1 million each. By Christin DiGangi It's common knowledge New York City is home to some of the priciest real estate in the country, but still, paying $1 million for a parking space is a little excessive. A luxury building under construction in the trendy SoHo neighborhood will offer the pricey parking spots on a first-come, first-served basis, and they cost more per square foot than the apartments above. Owning a car is often extremely expensive if you live in one of the biggest cities in the country -- there are all sorts of fees, insurance rates are generally higher, and, oh yeah, you need to find somewhere to put it. In densely populated areas, that's no easy task. If you want a guaranteed spot, you'll pay a It almost certainly costs more than any car that would sit in it.... premium. For cost reasons alone, many city dwellers choose to ditch their personal vehicles for public transportation or bicycles. For the likely tenants of this new building in SoHo, a $1 million slab of concrete is probably a small price to pay for easy access to a vehicle: The three-bedroom units will cost between $8.7 million and $10.45 million, and the duplex penthouse is $25 million (though that's nothing compared to this palace in Florida, the most expensive U.S. property on the market right now). If you think of it in terms of monthly expenses (which is how most people deal with buying property) adding $1 million to the price of these units adds just a few thousand dollars to the cost. These parking spaces aren't the equivalent to a typical home's garage, which the owner would pay for as part of a mortgage. The buyer won't own the parking space in the same way she would own the apartment -- they are being sold as 99-year licenses, allowing the owner to use the spot as long as he or she is a resident of the building. If she moves, she must sell the spot. Even for New York, where parking spaces like these sell for $136,052, according to the Times, $1 million is an eye-popping figure for such an amenity. It almost certainly costs more than any car that would sit in it, because people don't generally drive excessively luxurious sports cars in Manhattan traffic. This building stands out among other luxury properties because there are as many private spaces as residences, which the developer was able to accomplish by getting a special permit - the city usually limits parking spaces in new buildings to 35% of the units. Permalink | Email this | Comments

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For Sale: 'Ozzie and Harriet' House Gets a Modern Makeover

2014-09-12 09:10:00

Filed under: Design, News, Celebrity Homes ZillowWhen it last changed hands in 2013, the home still had the same kitchen layout as depicted on television. By Emily Heffter Rehabbed from top to bottom, this house will always be remembered as the home of Ozzie and Harriet, America's first real television family between 1952 and 1966. It also served as Ari Gold's home on "Entourage." When the Los Angeles home last changed hands in 2013 for $3.025 million, the house still had the same kitchen layout as it did on television, and Ozzie's wood-paneled "pub room" stood frozen in time. Owners since Ozzie's death say they would sometimes find a kitchen drawer open beside the sink, presumably because his ghost wanted a bowl of ice cream in the middle of the night. The developer who bought the house has redone it, bringing the 1916 Hollywood Hills home into the modern age. Selling agent Eric Lowry of Coldwell Banker Residential Brokerage-Sunset Strip says the home is not even haunted anymore. He has listed it for just under $5 million. "Everything about the house is perfect," he said. "The house looks like an East Hampton, very light and airy beach house." The remodel of the five-bedroom, seven-bath, 5,283-square-foot home replaced linoleum with hardwood floors and windows with French doors to the backyard. The pub room off the kitchen has been replaced with a more modern family sitting area. The new kitchen is all marble with Viking appliances. The remodel did preserve some of the history: The front of the house has been re-sided, but looks the same, with the iconic red door. And two doors with son Ricky's name etched in them were framed and hung in the hallway. "You won't shed the history, because the house is exactly that," Lowry said. "That was their home." Read | Permalink | Email this | Comments

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Survey: Generation Z Would Give Up Social Media to Own Home

2014-09-12 00:44:00

Filed under: News, Buying, Lifestyle ShutterstockMost teens surveyed said that to own a home they would give up social media and do double homework for a year. Can't wait to tweet this: Generation Z, those teens between ages 13 and 17, would give up social media for a year -- and even take Mom or Dad to the prom -- if those teenage sacrifices meant they could someday own a home. Who would have thunk it? Homeownership has been dropping since the beginning of the Great Recession, down from 69 percent before the bust to 65 percent now. But 82 percent of Generation Z participants -- 4 out of 5 surveyed by Better Homes and Gardens Real Estate -- think owning a home is the most important factor in Gen Z's view of the American Dream is vastly different from what their slightly older peers believe. achieving the American Dream. "Today's teens are fiscally literate and realistic when it comes to their future," says Sherry Chris, president and CEO of Better Homes and Gardens Real Estate. "It's quite profound that a generation that has never known a world without social media is willing to give up such a staple in their modern lives to achieve their dream home." Homeownership is so important to this group of kids (who can't even vote), that they're willing to sacrifice the very things that, adults think, they live for. The survey of 1,000 teens conducted in July found that Gen Z also values graduating from college (78 percent), marrying (71 percent), and having children (68 percent). Nearly all the teens surveyed -- 98 percent -- believe they will someday own a home and would be willing to make the following sacrifices now if it led to homeownership later. 53 percent would give up social media for a year and do double homework every night. 42 percent would attend school seven days a week. 39 percent would take their mom or dad to the prom. Gen Z's view of the American Dream is vastly different from what their slightly older peers believe. A recent Credit.com survey found that being debt-free was the top financial goal for young adults 18 to 24, and that owning a home fell at the bottom of their priority list. Homeownership for Millennials -- people reaching adulthood before 2000 -- has fallen to historic lows: 36.2 percent in the first quarter of 2014, down from 36.8 percent in 2013, according to the U.S. Census Bureau. Permalink | Email this | Comments

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