TOWN SQUARE | Competition between buyers in the past six months has led many to offer more than the listing price and to waive the right to make their offer contingent on an appraisal, a home inspection or financing, according to a recent report by Redfin.
TOWN SQUARE | The DCRA Contractor Rating System provides a database of architects, interior designers, general contractors and home improvement contractors that includes a rating from one to five stars based on the quality of their plan submissions and review (for architects and interior designers) and the pass/fail rate of inspections of their projects for contractors.
TOWN SQUARE | A first of its kind, national housing-justice initiative launched by a real-estate-management company provides virtually no strings down payment support for minority first-time home buyers in the D.C. area.
TOWN SQUARE | Online marketplace “Bid My Listing” gives homeowners an opportunity to make money on their home listing by uploading their information to the site and having local real estate agents bid for the listing.
ASK THE BUILDER | The shape and size of the throat of the fireplace as well as the design of the smoke shelf are of the utmost importance to ensure that all the smoke and hot gases go up the chimney rather than roll into the room.
TOWN SQUARE | Prior to starting any new project, it’s important to research the regulations and requirements within your specific region. Taking the time to understand the mandates, codes and laws in your area can save you from costly penalties in the future.
By Michele Lerner
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