Lunch in the Park with Nick Berry/Tinderbox TOMORROW! (Friday 1) from 11:30am - 1pm WHERE:  ONB Park (corner of Fourth & Main) PRICE: FREE The Lunch in the Park music series is the perfect way to enjoy downtown while networking with your peers during your lunch break.  Business workers, residents, and visitors alike can pick up lunch from a downtown merchant and then come enjoy the live outdoor music during the first Friday of every month. Join us at lunchtime to enjoy the original music of local singer/songwriter Nick Berry/Tinderbox whose musical influences include Switchfoot, Coldplay, U2 and Vigilantes of Love Contact Jocee at 424.2986 / jocee@downtownevansville.org for more details _________________________________________________________________________     D-PATRICK FORD DOWNTOWN CRUISE IN TOMORROW! (Friday 1) from 5pm - 9pm   WHERE:  Main Street (registration at Sixth & Main) ADMISSION: FREE     From 5pm-9pm over 225 classic and show cars will be on Main Street during the D-Patrick Ford Downtown Cruise-Ins.  Each month registration begins at 5pm on the corner of Sixth & Main and there will be free commemorative dash plaques for all cars who sign up. _________________________________________________________________________   CONCERT & BIERSTUBE  BY THE WATER   BY POPULAR DEMAND, NOW ON FRIDAY AND SATURDAY!     FRIDAY AUGUST 1 Join us for a night-time concert and bierstube as Stompbox 40 website take center stage at the Downtown Riverfront. TIME: 8pm- 1am LOCATION: Riverfront Lower Plaza/Esplanade   Main Entrance to bierstube located at Riverside Drive & Main Street ADMISSION: $3.00 Must be 21 or over to enter.  Contact Jocee at 424.2986 / jocee@downtownevansville.org for more details _________________________________________________________________________ SATURDAY AUGUST 2 Join us for a night-time concert and bierstube as Slick Willy website take center stage at the Downtown Riverfront.  TIME: 8pm- 1am LOCATION: Riverfront Lower Plaza/Esplanade   Main Entrance to bierstube located at Riverside Drive & Main Street ADMISSION: $3.00 Must be 21 or over to enter.  Contact Jocee at 424.2986 / jocee@downtownevansville.org for more details   Spread the Word! Pass this on to a friend! Keep up-to-date by registering at our website If it's on Downtown, it's on DowntownEvansville.org   _________________________________________________________________________ The Riverfront Entertainment Series is a component of the Fabulous First Fridays which includes: Lunch in the Park Brown Bag Music Series (11am - 1:30pm) D-Patrick Ford Downtown Cruise-ins (5pm - 9pm) Bud Light Riverfront Entertainment Series & Bierstube (8pm - 1am)    Many thanks to our Fabulous First Fridays Sponsors: D-Patrick Ford Downtown Bud Light 103GBF, Superhits 105.3, 99.5 WKDQ, 106.1 KISSFM Evansville Courier & Press News 4U   Catch all the action Downtown on the Fabulous First Friday Weekend!   DOWNTOWNEVANSVILLE.ORG   Growth Alliance for Greater Evansville 318 Main Street, Suite 500 Evansville, Indiana 47708 812.424.2986

My wife Kathy and I are board members of the Evansville Children's Theater and we are pleased to announce that the Evansville Children's Theater will have free performances of "The Emperor's Children" for the public on Sunday, August 3rd at 1.30PM and at 3.30PM. The performances will be at the Civic Theater 717 N. Fulton Avenue. We wish the Evansville Children's Theater all the best for these and all future performances.

For more information, please read the Evansville Courier & Press article by clicking here.

Assessment –

Determining a property's value for the purpose of taxation.

Source:

http://www.plazaareaneighbors.com/index.php?pageId=423602&action=mortgage_glossary

August 2 Wildlife in the City Canoe Program! (9 a.m.) Join Canoe Evansville for an alternative look at Evansville, via Pigeon Creek. This safe-passage canoe trip takes you along the Pigeon Creek Greenway passage and into the heart of the city of Evansville. Learn about the geology, ecology, and the environmental implications of city water trails. Relax on this 5-mile trip, and find out how the Pigeon Creek corridor is an oasis of wildlife hidden to the public eye. Guided trips are offered every Saturday at 9 a.m. and every Sunday at 2 p.m. throughout the season for ages 7 and up. Trips leave from Wesselman Woods Nature Center and last an average of 3 hours. Pre-registration required ($15 per person). Call 479-0771 ext. 105 for more information.

August 3 Wildlife in the City Canoe Program! (2 p.m.) Join Canoe Evansville for an alternative look at Evansville, via Pigeon Creek. This safe-passage canoe trip takes you along the Pigeon Creek Greenway passage and into the heart of the city of Evansville. Learn about the geology, ecology, and the environmental implications of city water trails. Relax on this 5-mile trip, and find out how the Pigeon Creek corridor is an oasis of wildlife hidden to the public eye. Guided trips are offered every Saturday at 9 a.m. and every Sunday at 2 p.m. throughout the season for ages 7 and up. Trips leave from Wesselman Woods Nature Center and last an average of 3 hours. Pre-registration required ($15 per person). Call 479-0771 ext. 105 for more information.

August 6 Butterfly Bedazzaled Hike (9 to 10 a.m.) at Howell Wetlands. Experience the sights and sensations of butterflies that call Howell Wetlands home. Where do butterflies go for the winter? How long do they live? What is the difference between a monarch and a viceroy? To find answers to these and other questions, join us! Led by Debbie Goedde, Southwest Indiana Master Gardner and butterfly enthusiast. Free; donations accepted. Call 499-2952 for more information.

August 6 Toddler Tales! (10 a.m.) at the Wesselman Woods Nature Center. This nature story and craft class is for parents and children up to 5 years old. Interaction with nature is important in a child's early stages. Free; donations accepted. No reservation required. Call 479-0771, ext. 102 for more information.

August 9 Wildlife in the City Canoe Program! (9 a.m.) Join Canoe Evansville for an alternative look at Evansville, via Pigeon Creek. This safe-passage canoe trip takes you along the Pigeon Creek Greenway passage and into the heart of the city of Evansville. Learn about the geology, ecology, and the environmental implications of city water trails. Relax on this 5-mile trip, and find out how the Pigeon Creek corridor is an oasis of wildlife hidden to the public eye. Guided trips are offered every Saturday at 9 a.m. and every Sunday at 2 p.m. throughout the season for ages 7 and up. Trips leave from Wesselman Woods Nature Center and last an average of 3 hours. Pre-registration required ($15 per person). Call 479-0771 ext. 105 for more information.

August 10 Wildlife in the City Canoe Program! (2 p.m.) Join Canoe Evansville for an alternative look at Evansville, via Pigeon Creek. This safe-passage canoe trip takes you along the Pigeon Creek Greenway passage and into the heart of the city of Evansville. Learn about the geology, ecology, and the environmental implications of city water trails. Relax on this 5-mile trip, and find out how the Pigeon Creek corridor is an oasis of wildlife hidden to the public eye. Guided trips are offered every Saturday at 9 a.m. and every Sunday at 2 p.m. throughout the season for ages 7 and up. Trips leave from Wesselman Woods Nature Center and last an average of 3 hours. Pre-registration required ($15 per person). Call 479-0771 ext. 105 for more information.

August 13 Toddler Tales! (10 a.m.) at the Wesselman Woods Nature Center. This nature story and craft class is for parents and children up to 5 years old. Interaction with nature is important in a child's early stages. Free; donations accepted. No reservation required. Call 479-0771, ext. 102 for more information.

August 15 Moonlight Paddle! (6:30 p.m.) at Bluegrass F&W Area. Join Canoe Evansville for a guided paddle under the full moon at this serene natural area north of the City. $15 per person. Call 812-479-0771, ext. 105; pre-registration required.

August 16 Wildlife in the City Canoe Program! (9 a.m.) Join Canoe Evansville for an alternative look at Evansville, via Pigeon Creek. This safe-passage canoe trip takes you along the Pigeon Creek Greenway passage and into the heart of the city of Evansville. Learn about the geology, ecology, and the environmental implications of city water trails. Relax on this 5-mile trip, and find out how the Pigeon Creek corridor is an oasis of wildlife hidden to the public eye. Guided trips are offered every Saturday at 9 a.m. and every Sunday at 2 p.m. throughout the season for ages 7 and up. Trips leave from Wesselman Woods Nature Center and last an average of 3 hours. Pre-registration required ($15 per person). Call 479-0771 ext. 105 for more information.

August 16 Moonlight Paddle! (6:30 p.m.) at Hovey Lake. Join Canoe Evansville for a guided paddle under the full moon at one of the few existing remnants of a bald cypress swamp in southern Indiana. $15 per person. Call 812-479-0771, ext. 105; pre-registration required.

August 17 Wildlife in the City Canoe Program! (2 p.m.) Join Canoe Evansville for an alternative look at Evansville, via Pigeon Creek. This safe-passage canoe trip takes you along the Pigeon Creek Greenway passage and into the heart of the city of Evansville. Learn about the geology, ecology, and the environmental implications of city water trails. Relax on this 5-mile trip, and find out how the Pigeon Creek corridor is an oasis of wildlife hidden to the public eye. Guided trips are offered every Saturday at 9 a.m. and every Sunday at 2 p.m. throughout the season for ages 7 and up. Trips leave from Wesselman Woods Nature Center and last an average of 3 hours. Pre-registration required ($15 per person). Call 479-0771 ext. 105 for more information.

August 20 Toddler Tales! (10 a.m.) at the Wesselman Woods Nature Center. This nature story and craft class is for parents and children up to 5 years old. Interaction with nature is important in a child's early stages. Free; donations accepted. No reservation required. Call 479-0771, ext. 102 for more information.

August 23 Butterfly Bedazzaled Hike (9 to 10 a.m.) at Howell Wetlands. Experience the sights and sensations of butterflies that call Howell Wetlands home. Where do butterflies go for the winter? How long do they live? What is the difference between a monarch and a viceroy? To find answers to these and other questions, join us! Led by Debbie Goedde, Southwest Indiana Master Gardner and butterfly enthusiast. Free; donations accepted. Call 499-2952 for more information.

August 23 Wildlife in the City Canoe Program! (9 a.m.) Join Canoe Evansville for an alternative look at Evansville, via Pigeon Creek. This safe-passage canoe trip takes you along the Pigeon Creek Greenway passage and into the heart of the city of Evansville. Learn about the geology, ecology, and the environmental implications of city water trails. Relax on this 5-mile trip, and find out how the Pigeon Creek corridor is an oasis of wildlife hidden to the public eye. Guided trips are offered every Saturday at 9 a.m. and every Sunday at 2 p.m. throughout the season for ages 7 and up. Trips leave from Wesselman Woods Nature Center and last an average of 3 hours. Pre-registration required ($15 per person). Call 479-0771 ext. 105 for more information.

August 24 Wildlife in the City Canoe Program! (2 p.m.) Join Canoe Evansville for an alternative look at Evansville, via Pigeon Creek. This safe-passage canoe trip takes you along the Pigeon Creek Greenway passage and into the heart of the city of Evansville. Learn about the geology, ecology, and the environmental implications of city water trails. Relax on this 5-mile trip, and find out how the Pigeon Creek corridor is an oasis of wildlife hidden to the public eye. Guided trips are offered every Saturday at 9 a.m. and every Sunday at 2 p.m. throughout the season for ages 7 and up. Trips leave from Wesselman Woods Nature Center and last an average of 3 hours. Pre-registration required ($15 per person). Call 479-0771 ext. 105 for more information.

August 27 Toddler Tales! (10 a.m.) at the Wesselman Woods Nature Center. This nature story and craft class is for parents and children up to 5 years old. Interaction with nature is important in a child's early stages. Free; donations accepted. No reservation required. Call 479-0771, ext. 102 for more information.

August 30 Wetland Wildflower Hike (8:30 to 9:30 a.m.) at Howell Wetlands. Experience the sights and smells of wildflwers at Howell Wetlands on this guided tour. See a magnificent array of wildflowers, prairie grasses, and wildlife in the wetland, woodland and prairie…a quality show you can’t find anywhere else in the Evansville area. Ever seen a downy sunflower? A cardinal flower? Indian grass? Now is your chance. Join us! Led by Southwest Indiana Master Gardner/Southwest Indiana Master Naturalist Kate Lynch. Free; donations accepted. Call 499-2952 for more information.

August 30 Wildlife in the City Canoe Program! (9 a.m.) Join Canoe Evansville for an alternative look at Evansville, via Pigeon Creek. This safe-passage canoe trip takes you along the Pigeon Creek Greenway passage and into the heart of the city of Evansville. Learn about the geology, ecology, and the environmental implications of city water trails. Relax on this 5-mile trip, and find out how the Pigeon Creek corridor is an oasis of wildlife hidden to the public eye. Guided trips are offered every Saturday at 9 a.m. and every Sunday at 2 p.m. throughout the season for ages 7 and up. Trips leave from Wesselman Woods Nature Center and last an average of 3 hours. Pre-registration required ($15 per person). Call 479-0771 ext. 105 for more information.

August 31 Wildlife in the City Canoe Program! (2 p.m.) Join Canoe Evansville for an alternative look at Evansville, via Pigeon Creek. This safe-passage canoe trip takes you along the Pigeon Creek Greenway passage and into the heart of the city of Evansville. Learn about the geology, ecology, and the environmental implications of city water trails. Relax on this 5-mile trip, and find out how the Pigeon Creek corridor is an oasis of wildlife hidden to the public eye. Guided trips are offered every Saturday at 9 a.m. and every Sunday at 2 p.m. throughout the season for ages 7 and up. Trips leave from Wesselman Woods Nature Center and last an average of 3 hours. Pre-registration required ($15 per person). Call 479-0771 ext. 105 for more information.

http://www.wesselmannaturesociety.org/events/index.php

Downtown Evansville may come closer to have a grocery store on Main Street. Jan and Joe Angline the owners of Twilight Bistro plan to open an urban market store called Earth’s Comforts at Third and Main. We wish Jan and Joe Angeline all the best for this new endeavor.

Downtown Evansville coming back alive

There are nearly 250 lofts and apartments in Downtown Evansville and in the past year, 15 new shops and restaurants have been added.

For more on this story, visit http://www.14wfie.com/global/story.asp?s=8756106 

We sometimes forget that children may be more affected with a move.

The suggestions below can help to minimized anxieties children have before moving.

Helping Children With a Move

- Before moving, show the children the new home and their new room. Help them visualize where they are going by either taking them there, or showing them a video or pictures of the house.

- Keep the memories of the old home and neighborhood in a scrapbook.

- Let your children know that their friends will not be forgotten. Invite their friends over for a farewell party. Help your children write letters or postcards to their friends. Let their friends’ parents in on it for return letters.

- Make your children a part of the move as much as possible. Give them their own boxes to decorate.

- When unpacking, allow your children to unpack their “treasures” first, and they can play with the boxes while you unpack.

- Visit the new surroundings (i.e. school, church, stores, park, etc.)

- Invite their new friends over

- To help them feel in control of their new world, have them pick out a favorite restaurant, store, or activity.

- Involve your children in the same kinds of sports or activities they use to be in.

- Remember that even if you only lived in that old home for a couple of years, that place was very special in your child’s heart.

Source: http://www.plazaareaneighbors.com/index.php?pageId=siteTips&action=article&itemId=217 

 

Prairie Originated by Frank Lloyd Wright, this style can be house boxy or low-slung.

 Source: http://www.realtor.org/rmoarchitecture_guide/residentialstyles

Appraisal –

The determination of property value based on recent sales information of similar properties.

Source:

http://www.plazaareaneighbors.com/index.php?pageId=423602&action=mortgage_glossary

The home construction industry is ever changing. Although the local real estate trends differ in style from market to market, there are still commonalities that are evident in each market. The advantages in construction methods allow builders to better serve the needs of their clients. Below is a list of some of the changes that have taken place in the new home construction industry.

Then and Now: How Home Construction has Changed

Besides building homes bigger, construction has evolved drastically over the last decade. Here are just a few ways:

· Swankier modular construction. Forget thinking that modular homes are tacky, small, and amenity-free. Homes built mostly in a factory and completed on-site can be big, stylish, loaded with bells and whistles, and indistinguishable from stick-built houses.

· Better energy efficiency. HVAC systems outfitted with furnaces that have computer-controlled chambers can sense outside temperatures and adjust interior heat or cold. More windows come standard with low-E glass and vinyl-clad rather than aluminum frames for better heating and cooling transfer. Also, roof insulation has more than doubled to R-38 or R-42 from R-19.

· Greater severe weather tolerance. Houses used to be able to withstand 80- to 90-mile-per-hour winds, but with structural steel plates and rods and huge fastening systems, exterior walls now can hold them in place from the roof to the foundation footers during 120-mph storms. Metal roofs also are favored since they remain intact, unlike asphalt or fiberglass shingles that may crack.

· Healthier materials. Anything that had contained toxic ingredients in the past—paint, carpeting, adhesive, stain, or glue — has been replaced with healthier variations. Many are water-based rather than oil-based, which also has driven down costs.

· Changes in layouts. The dining room may still be alive and well, even if infrequently used, but more homes are built with a casual living space instead of a formal living room. Gaining popularity instead are first-floor master suites, gourmet kitchens, laundry and mud rooms, a shaft for a future elevator, wiring for a media center rather than a separate theater, and screened porches with the option of glass panes for three- or four-season use.

· Greater detailing. Instead of spare spaces that often look cold, many builders now fashion warm, inviting interiors with carved cabinetry, crown and baseboard molding, and lavish paint finishes.

· Radiant heat. No more surges of power to heat and cool, radiant tubing distributes heat evenly throughout a house, and can be controlled by a thermostat, and even zoned.

· Synthetic decks and porches. Manmade materials — wood chips and plastic formed into boards — are replacing wood and pressure-treated wood to save trees, cut mildew and rot, eliminate poisonous materials leaking into the soil, and make outdoor living areas impervious to weather.

· Smart wiring. With easier living a goal, improved technology now allows sprinklers, lights, audio-video systems, and security to be programmed from an office or any computer connection rather than flicked on and off at home.

Sources: Bryan Lendry, president, Brylend Homes Ltd, Jacksonville, Fla.; Orren Pickell, president, Orren Pickell, Designers & Builders, Lincolnshire, Ill.; Howie McArdle, McArdle Construction Inc., Stephentown, N.Y; Ahmed Abdelaziz, president and CEO, Omarica Home Builders, Oak Brook, Ill.

Source: http://www.realtor.org/archives/homeanddesignapr08#construction 

Ivy Tech Community College will be holding a session on foreclosure prevention on Saturday from 10.00AM to 3.00PM at their main campus at 3501 First Avenue in Evansville. For more information about the session, log on to www.877gethope.org.

For more information, read the Evansville Courier & Press article by clicking here.

Application Fee -

The fee charged by the lender to the borrower for applying for a loan. Payment of this fee does not guarantee that a loan will be approved. Some lenders may apply the cost of the application fee to certain closing costs.

 

Source:

http://www.plazaareaneighbors.com/index.php?pageId=423602&action=mortgage_glossary

With the changing of market conditions sellers have a more difficult time to get their home sold.

The average time on the market for the Evansville area is about 10 months.

This in itself is not too bad, but it certainly adds to the challenges sellers face.

The list below will help sellers to see the way buyers are approaching this market.

We hope as sellers, you will find the article of interest.

8 Quick Fixes to Increase Value

With buyers scarcer, sellers must up the ante to convince them that their property offers what many want most — top value for dollar expended. Here are eight fast fixes:

1. Buff up curb appeal. You’ve heard it before, but it’s critical to get buyers to want to look on the inside. Be objective. View listings from the street. Check the condition of the landscaping, paint, roof, shutters, front door, knocker, windows, house number, and even how window treatments look from the outside. Add something special—such as big flower pots or an antique bench — to help viewers remember house A from B.

2. Enrich with color. Paint’s cheap, but forget the adage that it must be white or neutral. Just don’t let sellers get too avant-garde with jarring pinks, oranges, and purples. Recommend soft colors that say “welcome,” lead the eye from room to room, and flatter skin tones. Think soft yellows and pale greens. Tint ceilings a lighter shade.

3. Upgrade the kitchen and bathroom. These make-or-break rooms can spur a sale. But besides making each squeaky clean and clutter-free, update the pulls, sinks, and faucets. In a kitchen, add one cool appliance, such as an espresso maker. In the bathroom, hang a flat-screen TV to mimic a hotel. Room service, anyone?

4. Add old-world patina. Make Andrea Palladio proud. Install crown molding at least six to nine inches in depth, proportional to the room’s size, and architecturally compatible. For ceilings nine feet high or higher, add dentil detailing, small tooth-shaped blocks used as a repeating ornament. It’s all in the details, after all.

5. Screen hardwood floors. Buyers favor wood over carpet, but refinishing is costly and time-consuming. Screening cuts dust, time, and expense. What it entails: a light sanding, not a full stripping of color or polyurethane, then a coat of finish.

6. Clean out, organize closets. Get sorting—organize your piles into “don’t need,” “haven’t worn,” and “keep.” Closets must be only half-full so buyers can visualize fitting their stuff in.

7. Update window treatments. Buyers want light and views, not dated, fancy-schmancy drapes that darken. To diffuse light and add privacy, consider energy-efficient shades and blinds.

8. Hire a home inspector. Do a preemptive strike, since busy home owners seek maintenance-free living. Fix problems before you list the home and then display receipts and wait for buyers to offer kudos to sellers for being so responsible.

Sources: Ernie Roth, Roth Interiors, Los Angeles; Angel Petragallo, abr, Group One, Boise, Idaho; Melissa Galt, Galt Interiors, Atlanta; Steve Kleiman, CEO, Oakington Realty, Houston; Sid Davis, Sid Davis & Associates, Farmington, Utah, and author of First-Time Homeowners’ Survival Guide (Amacom, 2007); Steve Hochman, Friendly Note Buyers, Roxbury, N.Y.; Margi Kyle, designer and spokesperson for Hunter Douglas.

Source: http://www.realtor.org/archives/homeanddesignapr08

 

Some markets are seeing a trend in the remodeling of basements as this provides increased space without having to move to a bigger home.

The costs of the conversion are lower than the purchase of a larger home.

Basement Remodels on the Upswing

As more people are staying put in their homes, rather than selling and moving to a bigger place, the basement is becoming a more important living area.

A recent survey says more people are remodeling this part of the home to make the most of every square inch of living space.

ServiceMagic.com, a company that connects home owners with pre-screened contractors, commissioned the survey. Results revealed that nationwide basement remodels rose 10 percent in the first six month of 2008 compared with the same period last year.

The most popular uses for the space are spa-like bathroom retreats, children’s playrooms, workout areas, billiard rooms, and home offices.

With an average cost of $40 to $60 per square foot - or a base price of about $35,000 - basement remodels are far more economical than an addition, says Laura Sanchez, director of internal operations at McStain Neighborhoods, a home builder in Colorado.

Source: The Denver Post, Sheba R. Wheeler (07/17/2008)

Source: http://www.realtor.org/RMODaily.nsf/pages/News2008072502?OpenDocument

 

Application –

A mortgage application requires borrowers to submit information regarding their income, savings, assets, debts, and more.

Source:

http://www.plazaareaneighbors.com/index.php?pageId=423602&action=mortgage_glossary

Mortgage Terms Glossary

Annuity -

A series of income paymnts of receipts over a period of years.

Source:

http://www.plazaareaneighbors.com/index.php?pageId=423602&action=mortgage_glossary

Evansville’s Mayor Jonathan Weinzapfel will present a balanced budget to the City Council for the fifth year in a row. With ever increasing costs across the board this is not an easy task. Read the whole story below.

Mayor/City Present 2009 Budget
Reported by: Web Producer
Friday, Jul 25, 2008 @12:05pm CST

News Release:
From: City of Evansville
City Presents Balanced Budget for 2009
Absorbs Large Increases in Fuel Costs

(EVANSVILLE, IN)- Like its residents, the City of Evansville is feeling the effects of dramatically increased fuel, utility and health insurance costs. Utility and fuel costs alone (excluding water and sewer) are projected to rise by more than $1 million in 2009. Still Mayor Jonathan Weinzapfel will present a balanced budget to City Council for the fifth year in a row.

“To offset increased costs in 2009, we have cut department operational budget requests by $1 million and capital expenditure requests by $6 million,” said Mayor Jonathan Weinzapfel. “Although other cities have begun laying off employees and cutting programs, Evansville is able to continue providing expected services through increased efficiencies. We are working leaner and smarter as we continue to prepare for the tough decisions to be made in 2010 due to expected circuit breaker losses of $3.1 million.”

The sewer operating fund experienced the largest increase overall of $4.3 million and the waterworks general fund increased by $4.1 million, both largely due to capital projects. The General Fund increased $2.7 million due to increases in health insurance, liability insurance, fuel and utilities. Health insurance claims alone are expected to increase 10% or $1.4 million. All full time city employees will be receiving a pay raise of $500 in 2009.

Before the city can finalize its budget for 2009, it must receive additional information from the state. The City is waiting for details about expected revenues from property tax levies and income tax revenues. The state has also failed to provide guidance on how much of the police and fire pension it will be taking over as a result of HEA 1001.

2009 BUDGET FINANCE COMMITTEE HEARINGS SCHEDULE

August 11, 2008, Monday, 3:30 pm, Room 302, Mayor’s Conference Room, Civic Center
3:30 pm - Review assumptions
- Review revenues
- Review miscellaneous departments
- Law
- Insurance Funds
- Personnel
- Mayor
- Finance
- City Council
- City Clerk
- Parking Violations
- Water and Sewer Utility

August 12, 2008, Tuesday, 3:30pm, Room 302, Mayor’s Conference Room, Civic Center
3:30 pm - Public Works
- METS
- Locust Hill Cemetery
- Oakhill Cemetery
- Highway Garage
- Engineering
- Urban Forestry
- Roads and Streets

4:30 pm - Various Park Facilities
Golf
Sports
Zoo

August 13, 2008, Wednesday, 3:30 pm, Room 302, Mayor’s Conference Room, Civic Center 3:30 pm - Police
- Police Merit
- Police Training

4:15 pm - Fire
- Fire Merit

August 14, 2008, Thursday, 3:30 pm, Room 302, Mayor’s Conference Room, Civic Center
3:30 pm - DMD
5:00 pm - Wrap-Up

Source: http://tristatehomepage.com/content/fulltext/?cid=17651

The University of Southern Indiana will be receiving a $ 17.6 million dollar grant for the universities Center Project. According to State Rep. Trent Van Haaften (D-Mount Vernon “This work will result in additional space for student activities and campus organizations, as well as a larger area for food services and the University Bookstore,” Van Haaften said.

This project expansion will bring numerous construction jobs Evansville.


State Okays $17.6 Million USI University Center

INDIANAPOLIS – State Rep. Trent Van Haaften (D-Mount Vernon) announced today that state budget officials have given final approval to a $17.6 million expansion and renovation of the University Center on the campus of the University of Southern Indiana (USI).

Van Haaften said members of the State Budget Committee endorsed the project during the group’s monthly business meeting today at Indiana University Purdue University Indianapolis (IUPUI).

“This is just the latest indication that the fastest-growing campus in the state of Indiana is located in Evansville, not Bloomington or West Lafayette,” Van Haaften said. “Over the past decade, USI officials have embarked on an aggressive campaign to identify the needs of their students, then expand both the types of degree programs offered, as well as the facilities that are on campus.

“The results of their good work can be seen in the increased numbers of students who have chosen to advance their education at USI in recent years,” he continued.

The project approved today will expand the current University Center into the original library building that was vacated after completion of the David L. Rice Library in 2006.

“This work will result in additional space for student activities and campus organizations, as well as a larger area for food services and the University Bookstore,” Van Haaften said.

The legislator said the renovation and expansion is expected to begin in early 2009. Funding for the project is coming from bonds, fees and university reserves.

Van Haaften noted that the University Center expansion is one of several improvements taking place at USI at this time. Other projects at various points in construction include an expansion of the Recreation and Fitness Center, renovation of the Science Center and a new facility to house maintenance and mail services. Earlier this month, ground was broken for the new Business and Engineering Center.

“USI might seem like one continuous construction zone for the time being, but the benefits that will emerge from this rush of improvements will be felt by students for many years to come,” Van Haaften said.

“Many people deserve credit for this work, but I must give particular credit to USI President H. Ray Hoops, and Cindy Brinker, USI’s vice president for government and university relations,” he continued. “They have worked diligently to articulate the university’s vision and secure the support of state government to make that vision become reality.”

Source: http://tristatehomepage.com/content/fulltext/?cid=17661 

Date: 8/2/2008 8:00 AM - 12:00 PM
Cost: Free
Location: Old Wal-Mart West
University Drive
Evansville, Indiana 47712

ITEMS TO BRING: (Please be sure items are clean & sorted)

• Aluminum cans
• Metal food cans
• Cardboard Catalogs/magazines
• Newspaper
• Mixed paper
• Glass containers
• #1 & #2 Plastic bottles

VANDERBURGH COUNTY RESIDENTS ONLY
436-7800

Weekend planner: Wiener dog racing or Romeo and Juliet?
Here are some interesting weekend events to attend. The wiener dog races are much fun. Later in the month of August, Ellis Park will have camel and ostrich races. Now that is a site to see. To read the full article, go to http://www.courierpress.com/news/2008/jul/25/web25-weekend/.  


Landfill generator to burn flare gas
Vectren has signed an agreement with Veolia Environmental Service to use the methane gas that is generated at Veolia’s Blackfoot Landfill to generate power for more than 1,500 average homes. Vectren’s Energy System Group will design, build, and own and operate the plant next to the 164-acre landfill.

By capturing these landfill gases, Energy Systems Group is helping to provide environmental benefits equivalent to the following:

• Removal of emissions equivalent to over 22,000 cars per year, or
• Planting about 27,000 acres of forest annually, or
• Creating enough energy to power more than 2,000 homes per year

This is good news for Evansville and in line with Vectre’s Green initiatives. For the full article, go to http://www.courierpress.com/news/2008/jul/25/landfill-generatorto-burn-flare-gas/. 

There is a boil advisory in effect for northern Vanderburgh County until further notice.

Boil order still in effect for several Evansville neighborhoods
Rebecca Morris
Originally published 10:40 p.m., July 24, 2008
Updated 07:42 a.m., July 24, 2008

American Water has issued a precautionary boil advisory for parts of Evansville following a water main break.

The affected area includes Oak Hill Road from Bergdolt Road to Bexley Court; Bexley Court east of Oak Hill Road to the dead end; Ivy Meadow Drive; Poison Ivy Drive; English Ivy Drive; Hedera Drive; Ridgewood Drive, including Tanglewood Drive, Clover Drive and Ashwood Avenue; Tanglewood Drive from Bergdolt Road to Ridgewood Drive; and Clover Drive from Bergdolt to Ridgewood.

People and businesses in the affected area should boil all water used for cooking and drinking for five minutes before use until further notice.

People willing to allow American Water to collect samples from their homes to help end the boil order should call 428-0568.

For more information, call 421-2130.

The boil order was issued Thursday evening.

Source: http://www.courierpress.com/news/2008/jul/24/boil-order-issued-several-evansville-neighborhoods/.

Mortgage Terms Glossary

Annual Percentage Rate (APR) -

A figure that states the total yearly cost of a mortgage as expressed by the actual rate of interest paid. The APR includes the base interest rate, points, and any other add-on loan fees and costs. As a result the APR is invariably higher for the rate of interest that the lender quotes for the mortgage but gives a more accurate picture of the likely cost of the loan. Keep in mind, however, that most mortgages are not held for their full 15 or 30 year terms, so the effective annual percentage rate is higher than the quoted APR because the points and loan fees are spread out over fewer years.

Source:

http://www.plazaareaneighbors.com/index.php?pageId=423602&action=mortgage_glossary

Here are some events for next weekend at Evansville’s Riverfront Center

BY POPULAR DEMAND, NOW ON FRIDAY AND SATURDAY!   CONCERT & BIERSTUBE  BY THE WATER   FRIDAY AUGUST 1 Join us for a night-time concert and bierstube as Stompbox40 website take center stage at the Downtown Riverfront. TIME: 8pm- 1am LOCATION: Riverfront Lower Plaza/Esplanade   Main Entrance to bierstube located at Riverside Drive & Main Street ADMISSION: $3.00 Must be 21 or over to enter.  Contact Jocee at 424.2986 / jocee@downtownevansville.org for more details _________________________________________________________________________ SATURDAY AUGUST 2 Join us for a night-time concert and bierstube as Slick Willy website take center stage at the Downtown Riverfront.  TIME: 8pm- 1am LOCATION: Riverfront Lower Plaza/Esplanade   Main Entrance to bierstube located at Riverside Drive & Main Street ADMISSION: $3.00 Must be 21 or over to enter.  Contact Jocee at 424.2986 / jocee@downtownevansville.org for more details   Spread the Word! Pass this on to a friend! Keep up-to-date by registering at our website If it's on Downtown, it's on DowntownEvansville.org   _________________________________________________________________________ The Riverfront Entertainment Series is a component of the Fabulous First Fridays which includes: Lunch in the Park Brown Bag Music Series (11am - 1:30pm) D-Patrick Ford Downtown Cruise-ins (5pm - 9pm) Bud Light Riverfront Entertainment Series & Bierstube (8pm - 1am)    Many thanks to our Fabulous First Fridays Sponsors: D-Patrick Ford Downtown Bud Light 103GBF, Superhits 105.3, 99.5 WKDQ, 106.1 KISSFM Evansville Courier & Press News 4U   Catch all the action Downtown on the Fabulous First Friday Weekend!   DOWNTOWNEVANSVILLE.ORG     Growth Alliance for Greater Evansville 318 Main Street, Suite 500 Evansville, Indiana 47708 812.424.2986

 

 

We continue to follow the trend in the housing/construction market. Although real estate is primarily a local market, trends do move through markets in one way or the other. An interesting article by Ted Cushman reveals that potential home buyers consider “green” building features more important than luxury amenities, according to the results of a Harris Interactive poll commissioned by Move, Inc. Almost half of the adults surveyed (49 percent) said features such as solar panels or energy-saving appliances were “important,” compared to just 31 percent who rated luxury amenities important.

There are numerous builders here in the Tri-State that incorporate “green” building features for their homes. Please call us at 812-499-9234 for additional information on these builders.

‘Green’ Features Beat Out Luxury Amenities in Buyer Poll

by Ted Cushman

Potential home buyers consider “green” building features more important than luxury amenities, according to the results of a Harris Interactive poll commissioned by Move, Inc., the operator of Realtor.com. Almost half of the adults surveyed (49 percent) said features such as solar panels or energy-saving appliances were “important,” compared to just 31 percent who rated luxury amenities important.

When it comes to choosing a neighborhood, buyers listed crime rates as the top concern (56 percent). But proximity to work and shopping was also rated as a major factor. While potential buyers were willing to cut personal spending and sacrifice comfort to afford a home, few respondents were willing to take on a longer travel time to purchase a home in today’s market. Just 6 percent of home buyers said they would sacrifice proximity to work to purchase a home in today’s market, while 6 percent said they would give up proximity to shopping. Only 3 percent would give up proximity to public transportation.

In any case, the data on feature and location preferences are somewhat academic in light of the survey’s finding that a large majority of potential buyers, 81 percent, say they face big financial obstacles in purchasing a home. Those barriers include high prices, lack of confidence in the economy, and, especially among younger adults, lack of income.

However, the survey revealed hope in the long run, and a strong underlying demand for houses. Almost half of respondents (49 percent) expect conditions for buying a home to improve after the next President takes office. Among those who already own a home, 44 percent said they would like to purchase a different house. And a huge majority of renters--80 percent--say they plan to purchase a home someday, with 47 percent saying they would like to make that purchase within five years.

Ted Cushman is a contributing editor to BUILDER Online.

Source: http://www.ecohomemagazine.com/news/green-building-features-beat-out-luxury-amenities.aspx#

If you ever wanted to own a houseboat but you were hesitant due to the location, you have to check out Indiana's first upscale water community at Patoka Lake Marina. The marina has been renting houseboats to vacationers for a few years. Patoka Lake Marina is taking this to the next level and they are holding an open house Friday through Sunday from 10AM to 5PM at the lake east of Jasper and south of French Lick.

For more information, visit www.patokalakemarina.com or www.patokalakeindiana.com.

You can also read the update from the Evansville Courier & Press by clicking here.

Amortization –

Literally to "kill off" (root: mort) the outstanding balance of a loan by making equal payments on a regular schedule (usually monthly). The payments are structured so that the borrower pays both interest and principal with each equal payment.

Source:

http://www.plazaareaneighbors.com/index.php?pageId=423602&action=mortgage_glossary

Adjusted book basis -

The purchase price of a property plus any capital improvements less accrued depreciation, if any, to the date of the sale.

 

Source:

http://www.plazaareaneighbors.com/index.php?pageId=423602&action=mortgage_glossary

 

Bungalow A forerunner of the craftsman style, you'll find rustic exteriors and sheltered-feeling interiors.

 Source: http://www.realtor.org/rmoarchitecture_guide/residentialstyles

 

Good news from the economic front. The credit rating of Indiana's state government has been upgraded to the highest possible AAA rating. This will mean savings for the state, municipalities and the 228 school boards who will now be able to borrow at lower interest rates when applying for a loan. The Standard & Poor's rating will also have positive impact on businesses wanting to relocate to the Hoosier state as they can see that the financial forecasts are favorable. This is good news for Indiana.

To read more, check out the Evansivlle Courier & Press artile by clicking here.

This article can be filed under the Do-It-Yourself files.
The suggestions are simple to follow and will provide you with savings at the end.

Insulate Your Home’s Windows To Save Energy

When we think about insulation we usually think about keeping our homes warmer during the winter. But, insulation is just as important in the summer months in helping to keep our homes cooler!

With the proper insulation you can save money on your cooling bills and be more comfortable in your home! Windows are a major source of energy loss, especially in older homes.

If just one of your windows has a crack as small as 1/16 of an inch you’ll lose as much warm or cold air from your home as a hole about as big as a brick! Imagine how much your losing when you combine all of the small cracks in your windows frames!

If your windows have sash locks, one way of tightening up your windows a little is by making sure the the sash pulls the windows tightly together. If there is any slack or gap in the window frames tighten the sash until it’s snug.

Weatherstripping is an excellent way to stop leakage. You can find it in various materials, but felt is probably the most common type used. It’s available in several thickness and you should purchase the one that will best fill in the amount of gap your windows have.

The weatherstripping can be attached with small tacks or it can be quickly stapled into place around your window! If the weatherstripping is too thick, it will be hard to open the windows! You can also purchase a clear weatherstripping tape that can be applied around the windows.

There are also several types of caulking that you can use to seal your windows. You can purchase caulk in tubes that can be placed into a caulking gun and you can purchase rope caulking. Rope caulk won’t shrink and it’s easy to remove, it also stays flexible.

Rope caulk is just what the name implies, it’s caulking that is in a rope or string form. You simply unroll it and place it where you need it and then you can use your finger to press it into place!

If you choose to use caulk you should purchase an acrylic latex caulk. Although, there are cheaper kinds of caulking, acrylic latex is the best suited for this type of project.

You should also remove any old caulking before applying any new caulk. And, clean the window frames throughly so that the new caulk can adhere to them. You can use turpentine, alcohol or a good soap to clean all the oils off of the frames.

When insulating your windows or doors, don’t forget to insulate the outside as well. Applying insulation to both sides of the window will double your chances of getting a good seal with less leakage.

Although, it’s a more expensive solution, storm windows are one of the best ways insulate your windows. It has been proven in studies that storm windows that fit tightly cut energy loss by around 50 percent!

A more cost efficient way to insulate windows is with plastic sheet kits. A good quality plastic kit will give close to the same results as storm windows in energy savings!

Most kits come with thin cardboard strips to hold the plastic in place, but you can increase the results by using small strips of thin boards. The cardboard strips don’t secure the plastic well enough and will allow air to escape or enter the home.

Plastic kits can be purchased that will shrink with the use of a blow dryer to make them look better and fit snugger. These types of kits also usually allow a better view of the outside since they are more clear.

If your windows are in really bad shape, you can use polyethylene sheeting. It’s a heavy duty plastic that will give a good seal, but it will almost totally block any view of the outside. This may be something you only want to use in extreme cases.

Source: http://www.handyhouseholdhints.com/go-green/insulate-your-homes-windows-to-save-energy/

Adjustment Interval -

For an adjustable rate mortgage, the time between changes in the interest rate charged. The most common adjustment intervals are one, three or five years.

Source:

http://www.plazaareaneighbors.com/index.php?pageId=423602&action=mortgage_glossary

Evansville is once again in the fore front as host city for a new Federal Emergency Management Agency community forum for a new imitative called QuakeSmart, a program designed to encourage business leaders and entrepreneurs to take action that will contain the risk to businesses and town in the event of an earthquake.

Evansville’s Disaster Resistant Community Partners will play an integral part in this forum which is put together by FEMA and Atlanta based Safe America Foundation.

The other cities chosen for this program are Monterey, Calif., Reno, Nev., and Cape Girardeau, Mo.

Evansville to host federal earthquake forum

By JOI LOUVIERE

Courier & Press staff writer 464-7419 or louvierej@courierpress.com

Monday, July 21, 2008

Evansville is among four cities chosen by the Federal Emergency Management Agency to host the first community forums for a new initiative called QuakeSmart, which is designed to encourage business leaders and owners to take actions that will mitigate damage to businesses and towns in the event of an earthquake.

"A community cannot fully recover from a damaging earthquake until its businesses have recovered," David Maurstad, assistant administrator of the Mitigation Directorate at FEMA, said in a news release.

"And it is the small and emerging businesses that are the least prepared to endure an earthquake or rebound from one."

FEMA is teaming with the Atlanta-based Safe America Foundation, which focuses on safety and disaster preparedness, to lead the QuakeSmart effort. The program's goal is to build awareness within the business community of the risk of earthquakes and to educate businesses on the simple things they can do to reduce the effect of earthquakes and support community preparedness, according to the release.

September forums are planned in Evansville, Monterey, Calif., Reno, Nev., and Cape Girardeau, Mo.

The date and location of the Evansville forum was not available late Sunday.

"By cooperating with area chambers of commerce, government agencies, business owners and operators, we hope to engage the community leadership to spearhead the effort to promote earthquake mitigation throughout the community," Len Pagano, president and CEO of Safe America, said in the release.

For further information about the program or to learn how to register for the Evansville forum, contact Henry Munford at henry.munford@safe[SR]america.org or visit www.quakesmart.org after Aug. 1.

Source: http://www.courierpress.com/news/2008/Jul/21/evansville-host-federal-earthquake-forum/

In our continued quest for safety we thought this article would be of interest in light of the extreme heat wave we are having right now.

We encourage all to be prudent when it come to dealing with the out doors and the high temperatures.

Tips for dealing with dangerous heat

Here are some tips for those who may be suffering from the heat:

— Heat trauma symptoms — Profuse sweating is the first sign of overheating. This can lead to salt imbalance and dehydration.

Heat cramps, another symptom, are treatable by drinking slightly salted water to restore fluids and salts.

Skin may become pale and clammy and breathing may become fast and shallow for people suffering from heat exhaustion. Victims may also vomit and feel disoriented. People with these symptoms should lie with their feet slightly elevated in a cool area and drink a salt-water solution.

— Heat stroke — Victims may stop sweating and their pulse may become weak; they may also lapse into unconsciousness. Victims’ body temperatures must be reduced quickly by removing their clothes and wrapping the person in wet sheets. Medical attention should be sought immediately.

Here’s some other quick tips to keep in mind as the mercury rises:

— Exercise — Exercise in the early morning hours.

— Stay hydrated — Be sure to drink plenty of liquids. Avoid consuming dehydrating beverages such as alcohol and sugary or caffeinated drinks. Also eat food high in water content such as fruit.

— Clothing — Wear light and loose clothing to keep cool. Wear sunglasses to protect eyes and use sun block.

— Children — Children should have limited exposure to the heat. Check on children when they are playing outdoors and provide them with plenty of fluids. Also never leave a child alone in a parked vehicle. Cars can heat up quickly and leaving a child alone could be deadly.

Source: http://www.courierpress.com/news/2008/Jul/21/tips-dealing-dangerous-heat

This article can be filed under the Do-It-Yourself files.

The suggestions are simple to follow and you will notice a difference when the project is completed.

Design Tips To Make Small Rooms Look Larger

you can’t always remodel to increase the size of your rooms, you can make a room appear to be larger than it is. With a few simple design tricks, you can open up those smaller spaces.

With the use of color, lighting and the right furniture arrangements you can literally trick the eye into seeing a larger room. The room just looking bigger will really seem to open up and provide extra space!

One of the best and easiest ways to make the room seem larger is with color. Most people already know that light colors make objects seem bigger, but bright colors also create the same effect.

The trick is to paint the moldings and trim with a lighter color than the walls. Darker objects appear farther off and lighter objects appear closer. With the wall just a shade or two lighter they’ll appear farther away than the trims and the room will look more spacious.

Arrange the larger pieces of furniture such as a bed or sofa at an angle. This will take advantage of the diagonal length of the room and give the eye a farther distance to follow.

Using scaled furniture is another way to optimize the appearance of space in a small room. Over stuffed furniture will take over a space, but a simple love seat or sofa will fit in great.

Chairs that have open backs and a slim style chairs are great accessories. And, if it’s a bedroom choosing an open styled headboard will open up space. The ideal furnishings for a smaller room would all be below eye level in height.

Mirrors aren’t only decorative, the rooms reflection will create a look of having a larger area. They can even add to the brightness with the reflected light from a window or lamp.

Replacing the closet doors with mirrored sliding doors will greatly increase the desired look. This works well in a small bathroom by adding mirrored doors to the vanity and even on kitchen cabinet doors.

Floor and table space can be cleared up with the use of track lighting. Track lights are easily installed and when angled toward the walls not only adds the look of space, but provides a relaxing mood lighting.

Add splashes of color to the room with your accent pieces. Colorful throw pillows, small pieces of artwork and other size appropriate pieces can compliment the room without taking up precious space.

Just keep the decorative accessories to a minimum for the best results.
A clean, neat room always appears larger, so keep magazines, books and other items hidden away when not in use.

One real good way to add storage space is with a ottoman that has built in storage. This would be a very good place to keep your magazines and books, as well as anything else that you don’t need all the time.

The more floor space you have the larger your room will look to. Choose sofas, love seats, chairs and other items that have exposed legs to open up the space underneath them.

For a really small bedroom you might want to get a futon or even a day bed. Both are multi-functional since they can be used as a sitting area during the day and then double as the bed at night. Even something as simple as not using a dust ruffle on the bed can add space!

Avoid upholstery material that has large designs. Choose either a small design or solid colors, you can always add the color with matching pillows and table doilies.

Although, following these simple design tricks won’t actually increase the size of your room, it will make you think it has. It’s quite amazing what you can trick the mind into thinking!

Source: http://www.handyhouseholdhints.com/design-ideas/design-tips-to-make-small-rooms-look-larger/

Acquisition cost –

Under an FHA loan, the purchase price or appraised value of the property plus the estimated closing costs.

Source:

http://www.plazaareaneighbors.com/index.php?pageId=423602&action=mortgage_glossary

The Board of Zoning Appeals has approved a special use permit for the first in-home art gallery in the Haynie’s Corner Arts District. This will pave the way for more galleries to be opened in the Art District and it will solidify the position of the Art District further.

We wish Tom Loesch, Jr. and Billy Hedel al the best for the future.

The following is a news release issued by the City of Evansville

(EVANSVILLE, IN) – The Board of Zoning Appeals has approved a special use permit for the first in-home art gallery in the Haynie’s Corner Arts District. City Council passed an ordinance last October which changed zoning laws within the district to allow artists open galleries in their homes.

The gallery, located at 916 SE 6th Street, is owned by Tom Loesch, Jr. who is the sales manager for artist Billy Hedel. Both moved to Evansville from New Orleans in the wake of Hurricane Katrina.

There are a few restrictions to the in-home gallery ordinance. The gallery use is not allowed to exceed 40% of the square footage of the residence or 500 square feet whichever is less. Up to three artists, one resident and two non-residents, can show their work in one home. The gallery must sell art produced on-site.

Artists who are interested in having an in-home gallery must fill out an application, go to the Area Plan Commission and pay a fee, then appear before the Board of Zoning Appeals which approves or denies the application for a special use permit.

Source: http://tristatehomepage.com/content/fulltext/?cid=16161

We congratulate Joyce Mitchell who is the grand prize winner of the 17th annual Home Run Sweepstakes. Mitchell said she has bought a ticket to support Easter Seals for the last 10 years, but had never been a finalist. Although she and husband, Bud, talked about choosing the house in the Bridlewood subdivision off Boonville-New Harmony Road if she won, Mitchell opted for the alternate prize: $100,000.

We wish Joyce and her husband Bud all the best for the future.

For more information, click here to read the article in the Evansville Courier & Press.

Evansville will have its own island on the Ohio River at Horseshoe Bend. This is especially welcomed by boaters who will be able to dock on the island and enjoy the view of downtown Evansville skyline from the island.

For more information, read the Evansville Courier & Press article by clicking here.

The information below is a good guideline of what affects your credit score. Knowing this can help you stay on track and it will benefit you when obtaining a mortgage. I would still suggest that you check with your local bank or credit union before you decide to purchase a home and see where you are with your credit score and what you can do to improve the score. Please feel free to call me at 812-499-9234 if you have any questions.


Credit scores range between 200 and 800, with scores above 620 considered desirable for obtaining a mortgage. The following factors affect your score:

1. Your payment history. Did you pay your credit card obligations on time? If they were late, then how late? Bankruptcy filing, liens, and collection activity also impact your history.

2. How much you owe. If you owe a great deal of money on numerous accounts, it can indicate that you are overextended. However, it’s a good thing if you have a good proportion of balances to total credit limits.

3. The length of your credit history. In general, the longer you have had accounts opened, the better. The average consumer's oldest obligation is 14 years old, indicating that he or she has been managing credit for some time, according to Fair Isaac Corp., and only one in 20 consumers have credit histories shorter than 2 years.

4. How much new credit you have. New credit, either installment payments or new credit cards, are considered more risky, even if you pay them promptly.

5. The types of credit you use. Generally, it’s desirable to have more than one type of credit — installment loans, credit cards, and a mortgage, for example.

Source: http://www.realtor.org/rmotoolkits.nsf/pages/buyer28?OpenDocument

By Marshall Loeb

RISMEDIA, July 17, 2008-(MCT)-If you’ve been in the market for some new furniture, you may have noticed that it’s not cheap. But this is no time to get discouraged. With a little homework, you can find some great discounts.

Here, from Consumer Reports Money Advisor, are ways to find discounts on new furniture:

- Look for closeouts and damaged items. Many times furniture that is only slightly damaged will be marked down considerably. The damage can be hardly noticeable. For example, if you can live with a small spot on a cream-colored cushion, you may find yourself a nice deal.

- Don’t be afraid to negotiate. Just because there is a price on the label doesn’t mean it’s final. Often the salespeople are willing to offer discounts to move their inventory. If you can’t haggle for a better price, you might be able to get free delivery or something extra like a mattress cover.

- Look for rebates and coupons. If you put a little time into it, you may be able to find these discounts on the Internet. They may save you up to 10% on your purchase. Websites to check include www.ebates.com, www.upromise.com, and www.retailmenot.com.

- Say “no” to the warranty. If you have to pay extra for fabric protection and extended warranties, they are probably not worth it. Most furniture makers treat fabric with a protector anyway, and the extended warranty probably doesn’t make much sense. There’s a slim chance that you will need it.

- Remember to always compare prices on the Internet before you buy. Brand names are generally easier to quote than private-label products. For these, you may want to search using model names and numbers, as well as short descriptions.

Source: http://rismedia.com/wp/2008-07-16/how-to-find-discounts-on-furniture/

Click here to learn more information about new smoke alarm laws.

Here we have an interesting floor plan in as much that it has a 41-foot wide footprint and would fit neatly on a narrow lot. The front of the home has tapered columns seated on stone veneer bases that support the roof of the wide recessed front porch. There is certainly curb appeal for a home of this size. The interior of the home is well thought out and quite spacious. Over all it is a good looking home.

To learn more, click here to view the Evansville Courier & Press article.

Adjustable Rate Mortgage (ARM) - A mortgage in which the interest rate is adjusted periodically based on an index. Also called a variable rate mortgage.

Source: http://www.plazaareaneighbors.com/index.phppageId=423602&action=mortgage_glossary

Neoclassical
Neoclassical homes exist in incarnations from one-story cottages to multilevel manses.

Source: http://www.realtor.org/rmoarchitecture_guide/residentialstyles

In light of the housing and mortgage problems, the Federal Reserve has adopted rules to protect homebuyers from the kind of loans that drove many into foreclosure.

These new guide lines will make it more difficult for some to obtain financing but it is a step in the right direction.

Fed Issues New Lending Rules

The Federal Reserve on Monday adopted rules designed to protect homebuyers from the kind of loans that drove many into foreclosure.

The new rules apply to all lenders and not just to banks supervised by the Fed. Most are expected to take effect Oct.1, 2009. Escrow requirements won’t go into effect until April 1, 2010.

Here are the new requirements:

• Prevent loans made without documenting borrower’s income.
• Require lenders to escrow money to pay taxes and insurance for risky borrowers.
• Limit and in some cases ban prepayment penalties.
• Prohibit lenders from making a loan without considering a borrower's ability to repay a home loan from sources other than the home's value.
• Insist lenders credit a mortgage payment to a home owner’s account on the day it is received.
• Brokers and others are forbidden from "coercing or encouraging" an appraiser to misrepresent the value of a home.

Source: The Associated Press, Jeannine Aversa (07/14/08)

Below is the list of Top 10 Cities to buy a home according to Forbes. Although Evansville has not made the list year we may be on the list in the future. On the positive side, Evansville is among the best 100 cities to live.

Top 10 Cities to Buy a Home

Financially, at least, the best places to buy houses are those where buying costs less than renting, tax incentives are attractive, and there’s an opportunity to build equity.

Forbes magazine surveyed the 40 largest metropolitan area housing metrics looking for cities where home prices have appreciated over the last two years. It also measured vacancy rates. And it gave extra points to cities where rents are significantly higher than a buyer would pay for the same home.

Texas dominated the magazine’s list because of its healthy job market and growing tax revenues.

Here are the 10 cities that topped Forbes’ best-places-to-buy list:

Houston
Austin, Texas
St. Louis
Philadelphia
San Antonio, Texas
Dallas
Charlotte, N.C.
San Francisco
Jacksonville, Fla.
Atlanta

Source: Forbes, Maurna Desmond (07/14/08)

Although the Tri-State are has not been affected as sever as our states to the west during the recent flooding, the Wabash River has changed course due to the sheer volume of flood waters. Emergency Management Agency Director Larry Robb says the force of the record flooding caused the Wabash River to change course. The change in direction created an island that is at least 2,000 acres. Robb says the river shortened its course by about six miles, because the channel created a bypass around some of the river's curves. Now farmers are trying to figure out how to get to the island, which contains their crops.

For more information, click here to read the rest of the story. 

Some of Evansville’s older homes are getting much needed repairs. The Front Door Pride program initiated by Major Jonathan Weinzapfel has earmarked 21 homes for improvements. This program has benefited Evansville in many ways and we applaud the Major for continuing to look out for the better of the city.

For more information, read the local articl by clicking here.

It looks like Evansville’s Starbucks stores will remain open for the time being. The Evansville locations are not on the list of store closures that Starbucks is implementing. This is good news for all Starbucks lovers.

For more information read the online article by clicking here.

There are many terms that are used in the mortgage industry and we thought it be of service to our readers to brush up on these terms.

Do not worry we will not write a book about each term – only short explanations.

We hope you will enjoy reading these.

Mortgage Terms Glossary

Acceleration clause – The clause in a mortgage or trust deed that stipulates the entire debt is due immediately if the mortgagee defaults under the terms of the contract.

Source: http://www.plazaareaneighbors.com/index.phppageId=423602&action=mortgage_glossary

This article can be filed under the Do-It-Yourself files.
The suggestions are simple to follow and will provide you with a clean bathtub at the end.

How to Clean Your Bathtub

Filed Under: http://www.handyhouseholdhints.com/category/cleaning/" \\o "View all posts in CleaningIf there is soap scum or other residue in your bathtub it is definitely time for a good cleaning. A clean bathtub will make your bathroom more sanitary and you will not be embarrassed by your bathtub when guests come over. With a few brushes and some rubber gloves you can make your bathtub sparkle like new.

Here are a few things you will need to thoroughly clean your bathtub:

• Washcloths
• Mildew remover
• Bathroom cleaner
• Scrub brush
• A sponge
• Rubber gloves
• Liquid bleach
• Old Toothbrush
• Grout brush
• Fiberglass cleaner

The first thing you should do is to clean the walls above the bathtub area. Put on the rubber gloves and spray some all-purpose cleaner on the walls above the bathtub. Let it sit for a few minutes and then wipe the cleaner off. You can remove the mildew from the grout with some tile cleaner by putting the cleaner on the grout and then with a grout brush scrub the mildew out. Now rinse the grout with water.

Here are some steps to take when cleaning your bathtub.

• Take some heavy-duty bathtub cleaner and apply it to the enamel tub and let it sit for around 5 minutes. Scrub the tub using a scrub brush applying a little pressure. Then rinse the tub.
• Scrub the soap scum that remains away using either an old toothbrush or a scrub brush. Make sure to get the areas around the drain and the corners of the bathtub. Watch out for a bathtub ring which forms when dirt and grime forms on the edges of the bathtub. If you let this bathtub ring go it will be more difficult removing it, as it will require a lot of elbow grease.
• Once you are done scrubbing rinse the entire bathtub.
• Take some non-abrasive bathtub cleaner and apply it to the bathtub. Only do this if you have an acrylic bathtub. Gently scrub the bathtub with a brush with soft bristles. After you have scrubbed the tub with the cleaner rinse the bathtub.
• After you have thoroughly cleaned the tub take some fiberglass cleaner, which is non-abrasive, and apply it to your bathtub if it is made of fiberglass. Take a sponge and gently scrub the bathtub, then rinse the tub.

Safety Tip: Always make sure that you wear rubber gloves as many of the cleaners that are used to clean bathtubs can be harmful to the skin. Make sure when using the cleaners that you careful to follow the directions. Also never mix cleaners thinking you can get your bathtub cleaner, as it may be dangerous when mixing chemicals.

Source: http://www.handyhouseholdhints.com/cleaning/how-to-clean-your-bathtub/.

Evansville's Doppler radar will be shut down for two months in early September for an upgrade at a cost of $ 700,000. The National Weather Service in Paducah, KY said that in the meantime Evansville will be covered out of Paducah, KY., Louisville, KY., and Indianapolis. The upgrade will make the Doppler radar more compatible with the rest of the agency's Doppler radar network.

We welcome any change that improves the safety of the public.

For more information, read the recent article in the Evansville Courier & Press by clicking here.

These are tax changes that will have an effect when dealing with real estate.

You may want to discuss these with your tax advisor to see which ones of these you can use for your tax return next year.

10 Tax Changes for 2008

Plan now and you’ll be in a better position to know what you’ll owe Uncle Sam this time next year.

1. More money for gas. The standard mileage deduction for business increases to 50.5 cents per mile. Note that mileage rates for medical or moving purposes fall to 19 cents per mile.

2. More money for retirement. You can contribute $5,000 to your IRA ($6,000 if you’re over 50) in 2008.

3. No breaks for sales taxes. The provision permitting taxpayers to deduct state sales taxes — a big plus in states with no income tax — expired at the end of 2007.

4. More tax breaks for retirement savings. Married taxpayers with joint income of up to $85,000 will be able to deduct IRA contributions if they file jointly; individuals with income of up to $53,000 can take the deduction.

5. Higher standard deduction. If you’re one of the two thirds of taxpayers who don’t itemize, you’ll be able to deduct $10,900 as a married couple filing jointly ($5,450 for singles) in 2008.

6. No tax on some capital gains. Joint filers whose taxable income doesn’t exceed $65,100 and single filers with income that doesn’t exceed $32,550 don’t have to pay any tax on capital gains they realize in 2008; the rate for other taxpayers remains at 15 percent.

7. More time to sell a house when you lose a spouse. Taxpayers who lose a spouse now have up to two years after that death to take the maximum exclusion of $500,000 in gain on the sale of a principal residence. The other requirements for the exclusion must have been met before the death.

8. Less money back for some hybrid cars. While buying a hybrid car can still save you taxes, the tax credit has been phased out on many popular models such as the Toyota Prius. Check out the 2008 Model Year Hybrid List at www.irs.gov before you buy.

9. Tougher taxes for kids. Children 18 and under or fulltime students up to 24 years old will pay taxes at their parents’ tax rate for investment income over $1,700. Note that this rate doesn’t apply to wages a child earns.

10. Higher cutoffs for Social Security. The maximum amount of earnings subject to Social Security tax increases to $102,000 in 2008.

Source: http://www.realtor.org/archives/lawandethicsapr08#tax%20changes

The local economy in the Evansville metropolitan area is continuing to expand. Here we have the latest indication with more businesses opening within the frame work of the Evansville Incubator. The new businesses will add considerable sums to the local economy and with a healthy economy real estate prices tend to improve as well. We wish the new owners best of luck.

To learn more, click here to visit the INdiana Business website.

Both universities in Evansville USI and the University of Evansville are striving to prepare the students for the future. These types of expansions are certainly beneficial to the university but also to the local economy in the long run. We congratulate USI for this undertaking.

To read a full article about this expansion, click here.

In our continued quest to provide safety information, we thought this article is of interest for owners of ATV vehicles.

Accidents can occur at any time, being prepared may avoid one.


ATV Safety and Regulations
Reported by: Kelli Carlisle
Thursday, Jul 10, 2008 @06:22pm CST

Not following the rules of ATV riding recently landed a Dawson Springs couple in jail on felony charges.

40-year old Derek Hammons and 24-year old Amanda Masoncup face felony charges of wanton endangerment

The couple allegedly allowed his 14-year old daughter to drive a four-wheeler with a five year old and two year old as passengers.

The five year old fell off the back and was badly injured.

Police arrested the couple--saying they violated several safety laws.

Officers are now sending a strong message to parents....

Make sure your kids are safe while riding

According to Kentucky law, all riders under 16 are required to wear head safety gear and ride ATVs appropriate for their age.

Some only allow drivers 16 and older, others 12 and up, there are even ATVs for kids as young as six.

No matter which one you let your child ride--and adult always has to supervise any rider under 16. And although a provision in 2006 required passengers to wear helmets, Carter says bikers should really ride alone.

The laws and stickers are nothing new, neither are the number of ATV accidents in the tri-state, but police hope if safety concerns don't change the way you ride, maybe the thought of going to jail will.

Source: http://tristatehomepage.com/content/fulltext/?cid=14211

There is a lot to do in downtown Evansville today. Download the flyers below to get all the details. Come and see us at the loft tour. We will be at the Plaza Downtown from 101 SE Third Street from 4.00PM to 7.30PM. See you there!

• Farmer's Market, Lunch in the Park & Loft Tour 
• Cruise-In & Concert by the Water 

There is good news for Gibson County' Toyota manufacturing plant. Toyota will move the production of its Tundra full-size pickup truck to Texas and will start to manufacture the Highlander mid-size SUV at its Princeton facility. The Highlander originally was scheduled to be built in Mississippi but will now be manufactured in Gibson County starting in the fall of 2009. The company said it was responding to changes in consumer demand and improving production efficiency and stability of its North American operations by adjusting production mix at several North American plants.

This is good news for the Tri-State area.

For more information, click here to read the article in the Evansville Courier & Press.

Evansville has been waiting for a while now for the opening of the new Amazonia rain forest at Mesker Park Zoo & Botanic Gardens. The ribbon cutting ceremony will take place on August 4th at 2.00PM and Mayor Jonathan Weinzapfel will lead invited guests through the ceremonies. The public can tour the exhibit at 9.00Am the same day.

The $ 13 million exhibit was slated to be opened at the end of July, but zoo officals had maintained that they wouldn't open until all of the roughly 250 animals from 50 species were comfortable in their new surroundings. This addition to masker Park Zoo will draw visitors from far and boost the bottom line of Evansville's tourism budget. We are looking forward to August 4th and we will visit the exhibit with our son Alberto.

For more information, click here to read the Evansville Courier & Press article.

Here are the downtown Evansville weekend events:

Click here to download event flyer!

CONCERT & BIERSTUBE BY THE WATER
DATE: Friday, July 11, 2008
TIME: 8pm- 1am
LOCATION: Riverfront Lower Plaza/Esplanade
Main Entrance to bierstube located at Riverside Drive & Main Street
ADMISSION: $3.00

MORE INFORMATION: Join us for an night-time concert and bierstube as Six More Miles take center stage at the Downtown Riverfront. Must be 21 or over to enter.

Contact Jocee at 424.2986 / jocee@downtownevansville.org for more details.  

The Riverfront Entertainment Series is a component of the Fabulous First Fridays which includes:

• Lunch in the Park Brown Bag Music Series (11am - 1:30pm)
• D-Patrick Ford Downtown Cruise-ins (5pm - 9pm)
• Bud Light Riverfront Entertainment Series & Bierstube (8pm - 12am)

We are starting a new series with an illustration of a particular home style. This series will appear very Wednesday for the next 33 weeks. We hope you will enjoy the series.

Art Deco: A vertically oriented design includes flat roofs

To learn more, click here to read Realtor.com's definition of art deco.

The Boys & Girls Club of Evansville will host a groundbreaking ceremony for its new facility at 700 Bellemeade Avenue. The new facility will have 33,000 square feet with a price tag of close to $ 5 million. The new facility will be a welcome addition to Evansville especially for all the children who will be able to spend time at the club.

For more information on this exciting project, please read the article in the Evansville Couier & Press by clicking here.

Indiana Secretary of State Todd Rokita has extended the deadline for mortgage broker companies to comply with the phase-in period of a 2007 law calling on each licensed mortgage office to employ a principal manager to supervise business affairs. The new laws are designed to curb mortgage fraud. We are in support of this measurement as it will benefit the public in general.

To read the full story from Inside INdiana Business, click here.

If you are planning to do some remodeling during the summer months, you may want to consider installing high-efficiency toilets.

According to the EPA the toilets below can save you as much as $ 170.00 per year off your water bill.

 

High-Efficiency Toilets

Source: REMODELING Magazine
Publication date: June 1, 2008

By Lauren Hunter

According to the Environmental Protection Agency's WaterSense program, each U.S. household could lower its annual water and sewer bill by as much as $170 by installing a high-efficiency toilet. Visit www.epa.gov/watersense for a list of WaterSense-approved toilets, or try other low-flow models listed here.

Mansfield.
With a contemporary design and low profile, the Prestigio 4 is attractive both for its style and water efficiency. The one-piece, pressure-assisted toilet uses just 1.1 gallons of water per flush. The maker says the water savings can qualify most buyers for water conservation rebates. Other features include the Sloan Flushmate IV flushing system, SmartClose toilet seat, a push-button actuator, and three color options.
877.850.3060.
www.mansfieldplumbing.com.

Caroma.
Offering the lowest water use of any toilet in America, according to the maker, the Sydney Smart dual-flush toilet uses just 0.8 gallons per flush, with an optional larger flush of 1.28 gpf. One of 36 WaterSense-approved toilets in the Caroma line, Sydney Smart is available in white or biscuit in 305 and Easy Height models.
800.605.4218.
www.caromausa.com.

Geberit.
Go clean and green with the Concealed Tank Carrier System, which hides the steel frame for wall-mounted toilets behind the wall, leaving only a dual-flush actuator visible. Raising the toilet off the floor helps yield a bathroom that's aesthetically cleaner, and a floor that's easier to keep free of moisture and grime. The dual-flush technology uses 0.8 or 1.6 gallons per flush, and meets all requirements for high-efficiency toilets.
800.566.2100.
www.geberit.us.

Brondell.
A quick retrofit can help homeowners save up to 50% of the water used in almost every flush of the toilet, the maker says of its Ecoflow dual-flush fixture. Ecoflow components inside and outside the tank connect to a two-button fixture that sits on top of the tank. Homeowners will use the half-flush button most often, and can use the full-flush button when necessary. The unit will run for as long as a year on two AA batteries.
888.542.3355.
www.brondell.com.

 

Source: http://www.remodeling.hw.net/industry-news.asp?articleID=713576

FRIDAY 4th OF JULY
DOWNTOWN FIREWORKS
PRODUCED BY GAGE

JULY 4 TO INCLUDE FIREWORKS, BOATS & MUSIC

Mick Conati of The Growth Alliance for Greater Evansville (GAGE) promises that the 2008 version of the annual riverfront Fourth of July fireworks display will be "better than anything we've seen in past years - and we've been fortunate to have some pretty great fireworks shows in this city."

Conati, vice president of GAGE's Downtown Development Division, said the production by Melrose Pyrotechnics, Inc. promises to be both patriotic and awe-inspiring. The show will include new displays that are more intricate and thrilling than in past years.

Melrose has taken top awards in national fireworks competitions, and the company will be sharing its winning displays with Evansville. And Evansville's riverfront is the reason the unique display is possible.

"This show is only possible because we are able to do it on the water. Evansville is among a very few locations where spectators will be able to experience such a show. You will see things you will never see anywhere else. It's like riding a roller coaster. It will shake you up and rattle you around," said Garry Poe of Melrose.

The fireworks show is free and no button is required.

A new holiday tradition is starting in conjunction with July Fourth this year. Conati said about a dozen members of the Evansville Yacht Club will parade their boats on the Ohio River along Evansville's riverfront. Decorated in the festive red, white and blue Independence Day theme, the boats will sail along the riverfront starting at 7 p.m. A Statue of Liberty replica will grace the lead boat. Holiday boat parades are a tradition in costal locations.

Pre-recorded music, presented through the sponsorship of CBS 44, starts at 6:30 p.m. A segment of patriotic music will precede the fireworks.

A few local non-profit organizations will be selling refreshments at booths along the riverfront prior to the start of the fireworks. "We'd like to expand the event next year by arranging more pre-fireworks entertainment and invite additional community organizations to become vendors," Conati said.

Conati explained that without the commitment and financial support of Old National Bank and Casino Aztar, the annual fireworks show would not be possible this year.

"Casino Aztar's passion for the community has been strong since our arrival in the city. We made a commitment to support the fireworks display in our first year in the downtown, and we have continued our support. It is one of our favorite community events. We are excited to see what unfolds this year as each show continues to be more thrilling," said Stacey McNeill, Casino Aztar's marketing director.

Kathy Schoettlin, Old National's director of marketing and communications, said, "As a community partner, Old National is proud to be the sponsor of the 2008 fireworks display. We're pleased that all community members will be able to enjoy this spectacular, patriotic show free of charge."

Free parking will be available in all city parking garages and in the Civic Center parking lot on Walnut Street.

If weather conditions delay the start of the fireworks Friday evening, Conati said he will relay information to media outlets and details will be broadcast via the riverfront sound system.

In our continued quest to provide safety tips, we thought it would be useful to review safety procedures for boats.

The Ohio River provides plenty of boating opportunities and with the upcoming 4th of July weekend, many boaters will take advantage and cruise the river. It never hurts to be prepared. We wish every one a happy and safe Fourth of July weekend.

How To Stay Safe While Enjoying Your Boat

Following a safety regimen on your boat is just as important as following one in your home. While many people have items such as fire alarms and extinguishers in their homes, they don’t think to take the same safe guards on their boats.

If your boat has a cabin it should have a fire alarm and for added safety install a carbon monoxide detector. Getting a early warning can literally save your life!

The American Boat and Yacht Council now requires that a carbon monoxide detector is installed on all new boats. Even if your boat is powered by a generator it doesn’t mean that your safe from carbon monoxide. Heating and cooking appliances and even lanterns can emit deadly carbon monoxide.

You should always carry a fire extinguisher aboard your boat no matter what size it is. For the best fire protection, make sure that there is a fire extinguisher on both ends of your boat even if it’s a small boat.

It may surprise you to know that the regular 10-BC dry chemical type fire extinguishers will only last for about ten seconds if you need to use them! They are great for really small fires or fires that you see immediately, but if it turns serious they won’t be any help.

There are also Coast Guard regulations that you must follow when choosing a extinguisher for your boat. If your boat is over 26′ long, you are required to have at least two 10-BC extinguishers onboard.

You may also be surprised to learn that even if you follow the Coast Guard regulations, you’ll only be equipped to extinguish small fires! For better protection keep at least a B-II extinguisher onboard, or better yet go for at least a 60-BC rated fire extinguisher.

Another Coast Guard regulation requires that you keep three day time use and three night-time use flares onboard if your boat exceeds 16′ in length. But, no matter what size your boat is, flares may be your only way to signal for help in an emergency.

Flares should be kept in water proof containers and make sure you check the expiration dates regularly. The flares often still work beyond their expiration dates and can be kept aboard as long as you add new ones.

Even if you and your passengers are expert swimmers, no boat should leave shore without life jackets for each person onboard. An expert swimmer will still drown if they’re injured and can’t swim!

There are three different types of life jackets, Type I, Type II and Type III. While having any life jacket on your boat is better than none at all, the right one could make all the difference in life or death!

The best type of life jacket to carry is Type I. In an emergency it can save your life literally without any help from you! It has more buoyancy than the other two types and will keep you floating face up.

Type II is a lot cheaper, but cutting corners on a life saving device isn’t the best way to save money! Compared to the buoyancy of the Type I jacket, this one only has about a third as much. It is very uncomfortable and won’t keep you floating face up in the water.

Type III life jackets live up to all the requirements of the Coast Guard, but in reality it’s only good for emergencies that happen close to shore. They do provide about the same buoyancy as the Type II jackets and are very comfortable.

If comfort is a main concern opt for manually inflatable PFDs, they are also Type III life preservers. They keep you afloat face up and are extremely comfortable to wear.

Source: http://www.handyhouseholdhints.com/cars/how-to-stay-safe-while-enjoying-your-boat/

The University of Southern Indiana is going to break ground on a new $ 31.9 million Engineering Center. The 122,500 square foot facility will serve both business and engineering program interdependently, providing shared classroom and laboratory space.

This expansion will greatly contribute to the local economy. We applaud USI for this bold undertaking.

To read more about this exciting project, click here to read the article from Inside INdiana Business.

 

Even though the age of the internet has made a lot of information accessible to all, there are still instances when the expertise of a licensed realtor is needed. Take for instance the sites that allow you to find out the home-value of your home. These sites operate on specific parameters and can not take into account any improvements you have made to your home.

There are two ways to get the value of your home. You can call an appraiser who will give you the value of your home on a fee based service, or you can call your realtor and ask him or her to prepare a market analysis for you. This service should be free and will give you the market value of your home. Please feel free to call us at 812-499-9234 for a free market analysis of your home.

Home-Value Web Sites Miss the Mark

Online home-value sites offer some useful tools, but their estimates are often wrong.

"The percentage of error on these estimates is still very large," says Delores Conway, director of the Casden Forecast at the University of Southern California Lusk Center for Real Estate. If there are not many comparable sales in one area, for example, she says, "the estimates will have huge errors in them."

Zillow.com and Cyberhomes.com rely on computer-generated automated models to estimate values. The models help compensate for the fact that many neighborhoods don’t have enough sales to generate accurate values based on experience.

But these computer models don’t reflect home condition, improvements and may not even accurately convey property descriptions.

Marty Frame, general manager of Cyberhomes.com, says the data on the site is best used as a way to form an overall impression of a neighborhood.

"Our goal is to provide you all this information and let you cherry-pick the things that are most interesting to you," Frame says. "You're going to look at an estimate and say, "that makes sense' or 'that doesn't make any sense."'

Source: The Associated Press (06/23/2008)

This article is of interest for condominium or cooperative buildings.

If the condominium association has to pay for improvements of the common areas and you are charged for it, you can ad these as expenses incurred to your property and minimize your tax exposure on eventual profits.

A Commonly Missed Tax Break

Condominium or cooperative residents often miss the fact that upgrades to the common areas of communities can affect the amount of tax an owner pays when the home is sold.

If the property is a principal residence and the owner has lived in it for two of the previous five years before the sale, a big chunk of the profit is already exempt from federal tax — $250,000 for a single person and $500,000 for a married couple.

But the seller will owe taxes on any profit beyond that, and he will owe taxes on the whole amount if the property isn’t a primary residence.

A proportional share of the amounts spent by the condo or cooperative association on improvements to the property — not simple maintenance — can be added to the amount paid for the property, or in tax lingo, “the basis.” The basis is subtracted from the sales price to determine any taxable profit.

“It surprises me that many community association owners are not aware of this tax benefit. Particularly for older home owners who have watched real estate profit build up over many years and now have a profit of more than $500,000, every dollar of capital improvements they can document is valuable,” says Benny L. Kass, real estate attorney.

Source: The Washington Post, Benny L. Kass (06/21/2008)