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Articles filed under Real Estate

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  • New hotel pitch on the table in Fox Lake Aug 24, 2014 7:45 AM
    Fox Lake village officials have been courted four times since 1998 by developers looking to build a hotel on the Chain O' Lakes. The only thing the village has to show for those efforts are failed architecture plans and a hill of mud, weeds and grass overlooking busy Route 12. Mayor Donny Schmit hopes a new attempt to build a hotel on the 19-acre Sayles property near Eagle Point Road is the real deal.

  • 5 tips to know if a home equity line of credit is right for you Aug 24, 2014 7:34 AM
    Rising home values and low interest rates are a powerful combination for homeowners looking for more financial breathing room. Many borrowers are take out a home equity line of credit, which can pose risks. Here are five tips to help determine whether a HELOC is right for you.

  • Ivy-covered Geneva home is a modern classic Aug 24, 2014 5:45 AM
    When one thinks of Geneva, one generally thinks of stately, old-fashioned Victorians, Colonials and bungalows. But back in the late 1980s, one woman purchased a suddenly available lot near the downtown shopping district and built a modern home that so beautifully blended into its surroundings, people often miss it while driving by.

  • Unqualified contractor makes poor attic repairs Aug 24, 2014 1:01 AM
    Q. We had bathroom vents incorrectly installed into the attic, rather than being vented outside. We had a contractor convince us it needed to be encapsulated with a special paint, rather than fixing the problem and letting dry conditions kill the mold

  • Naperville council denies senior living in 'second downtown' Aug 24, 2014 7:00 AM
    When Naperville officials were envisioning a “second downtown” at Route 59 and 95th Street about a decade ago, space for a senior living center was part of the plan. But if the "second downtown" plans fall through and a senior living facility still wants to build there, what happens next? “It's an attractive concept, but the concept didn't work,” Len Monson, who represented Formation Shelbourne Senior Living Services, said of the original plan as he pitched plans for The Solana of Naperville to the city council on Tuesday.

  • When windows dare to go bare Aug 23, 2014 6:00 AM
    Q. Our living room is two stories high, with windows up to the ceiling. We like the light, but we’re in a new development and feel overexposed to our neighbors. Is it OK if we only curtain the lower window?

  • Manage your credit score to get the best possible mortgage Aug 23, 2014 12:00 AM
    How does one manage credit cards so as to generate the highest possible credit score? Credit scores are calculated using a variety of models that have small differences between them and generate similar, but not identical, scores.

  • Policy should govern the bidding process Aug 23, 2014 5:14 AM
    Q. Is it necessary for a board to obtain multiple bids for every project?

  • Tenant proposes a deal that shortchanges owner Aug 23, 2014 12:01 AM
    Q. I own a townhouse, which I am still paying a mortgage on. The current tenant is interested in doing a rent-to-own option. They have stated they are interested in this option only if 100 percent of the monthly payment went toward the purchase price.

  • Tackling cleanup after a storm Aug 22, 2014 12:01 AM
    Most of us do-it-yourselfers will tackle their own, or a neighbor’s, cleanup after a storm. It’s easy to go around picking up debris, tree limbs and other stuff, but if a tree is lying on your car or roof or across your driveway, there’s a right way and a wrong way to do it. Here are our best tips.

  • Don’t get frazzled when lightning strikes Aug 22, 2014 12:01 AM
    Most homeowners insurance policies will cover damage caused by lightning, but there are exceptions to the rule.

  • No rush by lenders to use new credit score Aug 22, 2014 12:01 AM
    You may have noticed the big media splash recently when Fair Isaac, developer of the iconic FICO credit score, announced the debut of a new score version that no longer would penalize consumers who have medical debt-collection issues in their credit files.

  • Home inspector overlooked faulty roofing Aug 22, 2014 12:01 AM
    Q. My house and all the others on the block have flat roofs, but mine is the only one with shingles. During the last storms, my roof leaked badly, causing interior damage, and the insurance company denied my claim because of shingles on a flat roof. This defect was not disclosed by my home inspector when I purchased the property. I was told that he is liable for this omission. Is that true?

  • Buffalo Grove named of one Illinois' safest cities Aug 23, 2014 5:40 PM
    The Village of Buffalo Grove has been named the second safest city in the state by a real estate brokerage firm. All 10 cities on the list were in the suburbs. Other Northwest and West suburbs making the list included Geneva, 3, Bartlett, 4, Roselle, 5, Lisle, 6, Glen Ellyn, 7, Glenview, 8 and Libertyville, 10. Ranking first was south suburban Homer Glen.

  • Heated driveways: Goodbye to the snow shovel? Aug 22, 2014 12:06 PM
    While the rest of the neighborhood was digging out, Alex Geier had little problem leaving his Hinsdale, Illinois, house around 7:30 each morning last winter, no matter how much snow had piled up during the night. No, Geier didn't pay some kid to shovel at the crack of dawn, and he didn't hire a private plow service. He and his family were able to navigate even snowy mornings with relative ease thanks to a heated driveway, which melts snow as soon as it hits it.

  • Realtors give advice on how to have a safe open house Aug 22, 2014 12:01 AM
    An open house can attract the perfect buyer with the perfect budget, but a stranger walking through your home when you’re not there may make you nervous.

  • After 3 years, still no buyer for Waubonsee’s Aurora buildings Aug 22, 2014 5:42 AM
    Three years after moving into a new building, Waubonsee Community College is still trying to sell its old downtown Aurora campus buildings and extended its contract with a Chicago firm to get the job done.

  • Study of possible ‘downtown’ in Buffalo Grove almost complete Aug 22, 2014 11:48 AM
    Buffalo Grove has received a draft of a study that could influence the future of a possible “downtown” on and around the Buffalo Grove Golf Course. A final draft of the study could be available by the Sept. 8 village board meeting. “The intent of the study was to determine if there was developable area, if there was a site that could be developed and what it would take in order to make that happen,” Deputy Village Manager Jennifer Maltas said.

  • Barrington developer denies poaching local businesses Aug 21, 2014 6:21 PM
    Developers behind the long-awaited retail project at Hough and Main streets in downtown Barrington are denying local building owners’ claims they’re trying to poach businesses to fill the 25,000-square-foot space.

  • Work to begin next week on Hough-Main project in Barrington Aug 20, 2014 5:40 PM
    Construction will begin Monday on a long-awaited retail development at Hough and Main streets in downtown Barrington, the village announced Wednesday. The project involves the construction of two new one-story retail buildings and 132 public parking spaces.

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