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Articles filed under Real Estate

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  • Tiny house trend can spark ideas Jan 29, 2015 6:00 AM
    Tiny houses are becoming fashionable as both retreats and environmentally responsible lifestyle statements. I have been watching a variety of TV shows about families living off the grid and it reminded me to re-examine some of the hottest concepts for a getaway home.

  • Average U.S. rate on 30-year mortgage rises to 3.63% Jan 29, 2015 11:11 AM
    Average long-term U.S. mortgage rates rose slightly this week after four straight weeks of declines, while remaining near historically low levels. Mortgage company Freddie Mac said Thursday the nationwide average for a 30-year mortgage edged up to 3.66 percent from 3.63 percent last week. The new average rate is still at its lowest level since May 2013.

  • U.S. pending home sales tumble in December Jan 29, 2015 11:11 AM
    Fewer Americans signed contracts to buy homes in December, a sign that low mortgage rates have yet to coax more buyers into the market. The National Association of Realtors said Thursday that its seasonally adjusted pending home sales index fell 3.7 percent last month to 100.7. The index ended the year below its 2013 average. But the Realtors project sales of existing homes will rebound in 2015 to 5.26 million, a 6.6 percent increase from last year.

  • Gateway signs to adorn Elk Grove Village business park Jan 29, 2015 5:48 PM
    Elk Grove Village’s business park is due to receive eight gateway signs at the entrance to its business park beginning this fall.

  • Architectural embellishments add a bit of awe to decor Jan 28, 2015 6:00 AM
    Any room is just but four walls with a ceiling and a floor. What makes a room remarkable are the details. Just about every room in the world can be awe-inspiring — it all depends on what treatments and embellishments the room has or could have.

  • Geneva postpones vote on townhouse plan Jan 28, 2015 6:24 PM
    The Geneva city council has tabled discussion of a proposal to build 30 townhouses where seven houses now stand between Stevens and North streets, west of Route 31.

  • Wheeling’s proposed stormwater fee would take effect in August Jan 28, 2015 5:30 AM
    Wheeling officials are planning to start charging businesses and residents a stormwater utility fee this August. The proposed fee, showing up on water bills, would pay for projects designed to curb flooding and for the upkeep of the village's existing infrastructure. The other option would have been raising property taxes. "This has been a long time coming," said Trustee Ken Brady, who sits on the village's stormwater committee.

  • Schaumburg sets renewal policy for tax break Jan 28, 2015 1:53 PM
    Schaumburg trustees have approved specific criteria to consider the growing number of renewal requests for Cook County’s Class 6B property tax incentive for industrial businesses. These require a demonstration of significant employment and business growth, substantial capital improvement, ongoing community involvement and the need for another 12 years of reduced taxes.

  • Elk Grove officials want new group to focus on business park Jan 28, 2015 5:30 PM
    Elk Grove Village plans to disband its industrial and revitalization commission and replace it with a new group that officials hope will accelerate revitalization efforts in the village’s sprawling business park. The new group would include more owners of businesses in the park, officials say.

  • US new home sales jump 11.6 percent in December Jan 27, 2015 9:50 AM
    Sales of new U.S. homes accelerated strongly in December, a sign that home-buying may improve this year after a lackluster 2014. The Commerce Department said Tuesday that new home sales climbed 11.6 percent last month to a seasonally adjusted annual rate of 481,000. The gains were not enough to offset essentially flat home-buying over the course of 2014.

  • Wheeling Town Center delayed by ‘unforeseen’ gas line Jan 27, 2015 5:30 AM
    Construction on the $100 million Town Center — creating a long-awaited downtown Wheeling — will be delayed about three months after developers discovered “unforeseen,” underground utilities they want to relocate. But officials are optimistic the project can finally break ground by the end of the year. “We’ve got to get the shovel in the ground,” Village President Dean Argiris said.

  • Gurnee OKs $5.8 million in tax breaks for company Jan 27, 2015 5:29 PM
    Gurnee village board members have approved a multimillion-dollar tax incentive package for a technology company to relocate in a business park near the Tri-State Tollway. Village board trustees Monday night voted 6-0 in favor of what will be a combined $5.8 million in performance-based state and local tax breaks for AKHAN Semiconductor Inc. Village board members and about 25 spectators stood and applauded after the vote.

  • Cutting countertop is best left to professional installers Jan 25, 2015 12:01 AM
    Our kitchen countertop overhangs the cabinets by a half-inch, and removing the half-inch will give us just the amount of space needed to install a 32-inch-wide refrigerator. My question is what is the best way to ensure a straight cut since I have only one shot at doing this right?

  • Lighten up! Time to brighten the house with new ideas Jan 25, 2015 12:01 AM
    Drippy, dreary winter got you down? Time to brighten with ideas both practical and fanciful. Here are some ideas:

  • How can you be certain refinancing will save you money? Jan 24, 2015 12:00 AM
    How can you be certain that refinancing will save you money? Introducing the Integrated Refinance Calculator.

  • Population is growing and moving to urban areas Jan 24, 2015 12:01 AM
    Our demographics are changing — both in size and location. A recent report indicates people are gravitating inward toward the center of places rather than outward toward the edges. Cities are growuing faster than suburbs, a reversal of the previous trend.

  • Sale by owner usually means no Realtor commission Jan 24, 2015 12:01 AM
    Q. We plan to sell our home on our own and our question is: If a Realtor brings their client to see our home and they purchase it, will we be obligated to pay any commission to them?

  • Owner who does not pay assessments can be charged to fix unit Jan 24, 2015 12:01 AM
    Q. By court order, our association recently took possession of a unit from a unit owner who did not pay assessments. The unit is filthy and several appliances do not work or are missing. What can the association do about this?

  • Owner reveals reasoning behind Black Diamond name Jan 24, 2015 12:01 AM
    Rick Sperando was a licensed journeyman plumber with many years of experience working for big name companies when he decided to strike out on his own in 1999. One of his first hurdles as a business owner was to come up with a suitable company name: Black Diamond Plumbing.

  • What every DIYer should know to paint like the pros Jan 24, 2015 7:15 AM
    Painting is one of the fastest, most cost-effective ways to freshen up your home, but it's one of the trickiest for do-it-yourselfers to achieve — at least to achieve as well and as mistake-free as the pros.

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