Stuart and Sally’s Weblog

There’s a reason…. to choose Stuart and Sally!

Black Bull Golf Community – Luxury Club Homes

A remarkable convergence of spectacular high-country terrain and refined country living has made southwestern Montana’s Gallatin Valley one of the most desirable rural retreats in the American West.Black Bull is a 378-home premier golf community established on 485 acres of the historic Leachman Ranch in Bozeman, Montana. It has the services and amenities you’d expect from a premier resort, but in a relaxed, rustic-yet-upscale atmosphere true to its roots.

Black Bull is an ideal home for the outdoor enthusiasts with abundant opportunities for fly fishing, hiking, mountain biking, horseback riding, skiing and snowmobiling in the adjacent Gallatin Range and Spanish Peaks. And, Yellowstone National Park and the Big Sky Ski Resort are just an hour away. Nearby Bozeman offers a vibrant restaurant scene and a good selection of shops and services.

Black Bull Golf Community
4711 Love Lane
Bozeman, Montana 59715

Club Home
96 Highnoon
Bozeman, MT
$1,195,000
4,059 Sq Ft
4 Bedrooms
4 Full Baths
1 Half Bath

Acreage: 485 acres (196 hectares)
Lots: 273 custom, single-family lots vary in size from one-third of an acre to one acre. Costs range from $195,000 to $650,000.
Club Homes: 105 distinctive Club Homes are inspired by Locati Architects and designed for turn-key convenience. Club Homes range from 2,200 to 4,000 square feet. Prices range from $795,000 to $1,300,000.
Golf: The 18-hole championship course was designed by former PGA star Tom Weiskopf. The quality of the course rivals that of the nation’s top golf clubs, but with the relaxed attitude that permeates everything here. Because the course is private and membership is limited, there will be virtually no need to reserve a tee time. The club features a 16-acre practice facility, which is the largest in the Rocky Mountains.
Clubhouse: At the Clubhouse, members will have access to a fine dining restaurant, a full-service pro shop, a fitness center with spa and massage services, men’s and women’s lounge areas and meeting rooms.
Swim and Tennis Center: The Swim and Tennis Center features a bar, indoor and outdoor casual dining areas, locker rooms and direct access to our hard-court tennis courts and swimming pool.
Concierge: Concierge services allow community members the opportunity to enjoy their surroundings by providing amenities such as monthly updates of activities in the area, cleaning services, floral deliveries, special event tickets, restaurant reservations, day trip planning and scheduling, and more.

 

Click here to find out about additional amenities and to connect to the Black Bull Website.

June 24, 2008 Posted by stuartandsally | Real Estate Specific | , , , , , , , , , , , , , , | No Comments Yet

Meet Stuart Tilt & Sally Uhlmann!

Meet Stuart Tilt…

Since graduating from Duke in 1978, Stuart’s career has focused on communications, sales and marketing, beginning with her work at New York City’s Wells Rich and Greene Advertising. This led to many years in advertising sales for several publishing companies including Cahners Publishing. As an account executive for the noted Ketchum Advertising Agency, Stuart’s clients included the AT&T Bell Companies.

Stuart’s career took a different path while raising her two children in Washington D.C. As the owner of her own interior decorating firm, she successfully facilitated both residential and commercial clients to find their own distinctive visual styles.

In 2001, Stuart moved to Bozeman and turned her skills in sales, marketing and interior design in a different direction – real estate. Her background has been instrumental in her success as real estate agent specializing in the high end market.

Always involved in her community, Stuart is currently a member of the board of directors for the Gallatin Valley Land Trust and has served on the Museum Ball Committee for two years and the Heart of the Valley Humane Society Board. She looks forward to continued community service in the area she now calls home. Stuart loves to entertain, fly fish, ski and move to a new “project” house every three years or so all with the help of her husband Whitney.

 

 

Stuart fishing on the Big Horn River


Meet Sally Uhlmann…

While still a teenager, Sally began designing and creating clothing for performers and major recording artists in her home town of San Francisco. She attended Antioch College before moving to Ibiza, Spain. By the age of 24, Sally had built her own fashion business as the founder and president of Salaminder, a designer clothing company. When she sold Salaminder in 1990, the firm had over 1,200 active retail accounts including the prestigious Neiman Marcus and Saks Fifth Avenue stores as well as Harrods’s in London.

During this time, newspapers from around the world did stories on this dynamic young entrepreneur who would roller skate from one end of her factory to the other.

Sally “retired” to raise and train 3-Day event horses on her ranch in Kansas. Her interest in this field led directly to her role as one of the three founders of Ariat International, now the leading equestrian boot company in the world. Utilizing her own sales and public relations background as the CEO of a clothing design firm, Sally concentrated on setting up the marketing and product introduction for the Ariat line.

As one of Kansas City’s best-known home chefs, Sally’s passion for cooking established her credentials as a writer and editor; Sally was the food editor of Kansas City Magazine and the entertaining editor for Home Design Magazine for five years.

Sally’s wide range of interests has led her to travel all over the world. It was a conference for one of her international projects that first brought her to Bozeman in 2002 and she immediately fell in love with the region and permanently moved her family to Montana the following year.

Sally has served on many civic boards and as an enthusiastic Bozeman resident, she has chaired the Museum of the Rockies Wine Classic for 2006 and 2007. The 2006 Wine Classic was the most financially successful gala in the history of Montana.

June 20, 2008 Posted by stuartandsally | About Us | , , , , , , , , , , , | No Comments Yet

Flying high in Big Sky Country

BELGRADE – When Gallatin Field General Manager Ted Mathis began working at the airport in 1981, there were 29 hangars for private planes.


ERIK PETERSEN/Chronicle Jets line the tarmac as Yellowstone Jet Center workers tend to them over President’s Day weekend, an especially busy time for the Jet Center.
Today, there are 165, including the 17 new ones built last year.

When it comes to expensive toys, private planes are right up there. A modest model costs about the same as a new diesel pickup, around $50,000, and renting one of those new hangar spaces can cost hundreds of dollars a month. And then there’s the insurance and fuel.

Clearly, a lot of people in the Gallatin Valley have a lot of disposable income.

Most of the local planes run on propellers, but 27 private jets are registered here, too, Mathis said. And they comprise only a fraction of the private jet traffic.

 

Read More…

 

June 12, 2008 Posted by stuartandsally | Local News & Updates | , , , , , , , , , , , , , , , | No Comments Yet

Bozeman & Missoula, Montana Named “Best Fishing Towns in America”

Field & Stream Magazine has named Bozeman & Missoula, Montana two of their “Best Fishing Towns in America“.

Others on the list:

  1. Glenwood Spring, Colo. The Hub of Colorado Fishing
  2. Mountain Home, Ark. The Big-Fish, Easy-Living Town
  3. Traverse City, Mich. A Freshwater Wonderland
  4. Minocqua, Wis. The Town Where Everybody Fishes
  5. Apalachicola, Fla. The Way Florida Used to Be
  6. Nantucket, Mass. The Original Fishing Town
  7. Bend, Ore. The In-Place for the Outdoors Crowd
  8. Guntersville, Ala. The Bass Fishing Mecca
  9. Morehead City, N.C. A Perfect Blend of Fresh and Salt
  10. Ely, Minn. The Gateway to the Boundary Waters
  11. Page, Ariz. A High-Desert Angling Community
  12. Driggs, Idaho The Flyfishing Hot Spot
  13. Jasper, Texas The Texas Bass Hub 
  14. Tahlequah, Okla. The Multi-Species Southern Municipality
  15. Beaufort, S.C. A Saltwater Paradise
  16. Eufaula, Ala. The Bass Lake Town
  17. Redding, Calif. Cali’s Trout Capital
  18. Montauk, N.Y. The Town Built on Striper Fishing

Congrats to Bozeman & Missoula for their Fly Fishing Greatness!

And as always: Thanks to Field & Stream Magazine!

January 24, 2008 Posted by stuartandsally | Local News & Updates | , , , , , , , , , , , , , | No Comments Yet

The Automatic Homeowner

In his follow-up book to the bestselling The Automatic Millionaire, David Bach has taken his winning strategies to the next level with The Automatic Millionaire Homeowner, a guide to assist with building wealth through real estate. According to Bach, the plan is quite simple, it works in any market, and it has been thoroughly time tested to work. For years, Americans used their investment dollars in the stock market to grow at a steady pace. When drastic changes occurred, much of that money moved to investment in the real estate market. The purchase of primary residences, home improvement projects, and the investment in second homes all witnessed steady growth as people’s wealth became heavily tied to their homes. The bottom line of Bach’s process is to buy a home, live in it, build wealth, get great tax deductions, and retire rich. Sound too good to be true? The emphasis, however, is that to truly follow this philosophy, it is not about booms and busts in the real estate cycle or timing the market to take advantage of trends, and certainly not to get rich overnight. It is understanding the fact that real estate is not a passing trend, and “as long as you’re alive, you have to live somewhere.” The real wealth building comes from a lifetime of homeownership.

Unfortunately, people often are drawn to schemes and plans with the promise of doing little and receiving much in return. Sometimes it really works, but most of the time it ends up with less than the desired effect. Buyers who flocked to speculative real estate markets to purchase preconstruction homes in order to “flip” quite often found this out firsthand. These situations are what have received much media attention while those who use real estate wisely take the back seat.

So, how do you build real wealth in the real estate market without becoming overleveraged? The key is long term commitment, making sound decisions, and putting yourself in the right mindset.

Some basic action steps to getting on the right road are included below:

Meet with a mortgage professional, whether a mortgage banker (direct lender) or a mortgage broker (independent consultant who will shop your loan with various lenders). Find someone who is knowledgeable and who you trust.

Chose the right type of mortgage to meet your personal needs. There are many options available including fixed rate, adjustable rates, low money down, etc. Ask enough questions to know the pros and cons of each type.

Get the best deal on your mortgage. Shop rates. Know your credit score. Obtain your credit reports and review thoroughly for accuracy.

Find the right home for your situation. What kind of home are you interested in? Where do you want to live? Use the internet to assist in research. Give yourself a “dream with a deadline.”

Work with a great real estate agent. The key things your agent should do for you is listen, help you find out how much you can afford, narrow your search, educate you on the market, assist with price determination and comparable properties, assist you through appraisals, inspections and closing.

Make the mortgage payment automatic. Paying off a mortgage early can save an extraordinary amount of money in interest fees. For example, splitting a monthly mortgage payment into two biweekly payments can cut 5-7 years off of the length of a 30 year mortgage and save tens of thousands of dollars in interest. The difference in your monthly budget will be so gradual, but the payoff is immense.

With negative real estate tales at the forefront in the media, Bach gives a final bit of advice to “bubble proof” your real estate plan and survive potential downturns. First, make sure you can afford your mortgage. Don’t depend on possible sources of additional income or hope that adjustable rates will not rise. Make sure you have financial resources in place to ride out a cycle. Next, think local. Always keep in mind that the national market is irrelevant to you. Then, always get the facts. Know the local market inventory, prices that homes are actually selling for, and the amount of time that homes are staying on the market. Also, never purchase just in order to “flip” the home in hopes of a quick profit. Finally, know that in most cases, time cures all. Patience is the ultimate virtue in real estate.

Robyn Erlenbush is owner of ERA Landmark Real Estate (with offices in Bozeman, Big Sky, Livingston and Clyde Park) and Intermountain Property Management. She can be reached at robyn@eralandmark.com.

Visit us at http://www.eralandmark.com/ & http://www.StuartandSally.com

Thanks to Robyn!

January 14, 2008 Posted by stuartandsally | Local News & Updates | , , , , , , , , , , , , , , , | No Comments Yet

Latest Real Estate Trends 2008

As another year winds down, it is nice to look back fondly on what has transpired in the last twelve months and also take some time to look towards the coming year with anticipation and an eagerness for what is to come. The real estate market certainly experienced an interesting year and has made more headlines than it would like to in some instances. However, in the spirit of starting a fresh year, this article will highlight some of the trends that are driving today’s real estate market into 2008.

Condo hotel sales are anticipated to be on the rise again in 2008 as financing is expected to loosen up for buyers willing to put 30% or more down. They are most appealing to those looking for a second-home option versus solely as investment properties.

Property auctions for residential homes are currently the fastest-growing segment of the auction industry. They can prove to be a win-win situation in that the sellers can often find a qualified buyer fast, and the buyers can aptly negotiate with very motivated sellers.

Housing communities are experiencing both growth and change. In the past, golf communities reigned supreme, but the emergence of many other types, including cycling, equestrian, and educational focused, among others, are seeing a surge in interest especially from baby boomers that do not have the same needs and interests as their predecessors.

Location, location, location has always been real estate’s most notable catch phrase, and that shows no signs of changing. There has been a rise in “micro markets” where a small neighborhood within a larger community is experiencing stable and/or rising prices whereas the area at large is seeing decline. Some characteristics of the well-performing micro markets include quality schools, more affluent homeowners, and higher owner-occupied rates.

Expect to continue to see a large selection of real estate “reality” shows on television. There is a natural curiosity for people to see other people’s homes and what goes on behind the front door. The only differences may be that some of the shows will become more reflective of national market changes.

Mainstream mortgage practices including sound underwriting and pricing are back in the forefront of lending. Stated-income loans and 100 percent loan-to-value financing are no longer commonplace. However, help should be on the way for buyers who were relying on subprime and Alt-A financing through Fannie Mae, Freddie Mac, and FHA financing.

“Sweetening of the deal” is on the rise in many places by sellers – both builders and owners of existing homes. Builders can use incentives such as fireplaces or other upgrade items, and all sellers can offer to pay some or all of the closing costs in order to help buyers out.

Green homes have been steadily rising with no end in sight. Anything from nontoxic construction materials to energy-conserving heating systems can help homes to sell faster to those who are seeking environmentally friendly housing. The National Association of Home Builders offers classes on building green, and private companies have begun to offer basic courses for real estate agents, home inspectors, appraisers and those in the mortgage industry.

Technology will be continually changing the feel of the real estate industry in the ways that information is collected and disseminated as well as to how property is marketed. Serving clients from all areas of the map drives these advances on a regular basis.

I hope that 2008 brings you peace, health and prosperity. Thank you for your readership and comments.

Robyn Erlenbush is owner of ERA Landmark Real Estate (with offices in Bozeman, Big Sky, Livingston and Clyde Park) and Intermountain Property Management. She can be reached at robyn@eralandmark.com.

Special Thanks to Robyn for letting us publish her article!

Published in the Bozeman Chronicle, December, 2007.

Visit us at http://www.eralandmark.com/ & http://www.StuartandSally.com

December 18, 2007 Posted by stuartandsally | Real Estate Specific | , , , , , , , , , , , | No Comments Yet

What Buyers Want

Highlights from NAR’s Profile of Buyers’ Home Feature Preferences

by Dr. Paul C. Bishop, Harika “Anna” Barlett and Jessica Lautz, NAR Survey Research

Times have changed for home sellers, and the housing market isn’t what it was. Sales of both existing and new homes are down, price appreciation has fallen from its breakneck, double-digit pace of a year ago, and the supply of homes available for sale – housing inventory – is at record levels. The mortgage market is still recovering from the subprime fallout. While owners trying to sell their homes in the current housing “doldrums” certainly face challenges, home buyers benefit from an ample supply of homes and the opportunity to find homes with features and amenities that most closely match their needs.

So how can sellers “attract” buyers to their homes. One way is to make sure that homes listed for sale offer those potential buyers the features that they really want. NAR’s recent 2007 Profile of Buyers’ Home Feature Preferences looks at those home features considered important during the search process, the presence of those desired features in the homes purchased, and in those cases when the home purchased lacks particular features, home buyers’ willingness to pay extra for them. Below we present highlights from the Profile that address those issues.

Home Features Desired Most by Potential Buyers
The most desired home feature was central air conditioning, ranked “very important” by nearly three quarters of home buyers. An oversized (two-or-more car) garage, a walk-in closet in the master bedroom, and a backyard or play area were also rated as “very important” by at least half of recent home buyers.

Repeat vs. First-time Buyers. The preference for certain home features can differ based on whether a potential buyer is a repeat buyer or a first-time home purchaser. Repeat buyers placed more importance than first-time buyers on almost all home features examined, with the exception of proximity to work and a backyard or play area. The features repeat buyers were much more likely to desire than he first-time buyers included oversized garages, a walk-in-closet in the master bedroom and a separate shower in the master bathroom. Buyers of new homes were also more likely than buyers of previously owned homes to consider most home features, including many luxury items, to be very important.

Regional and Location Differences. The importance buyers place on particular home features also varies by region. For example, while buyers in all regions rated central air conditioning as one of the top two most important features, it was very important to over 90 percent of buyers in the South and over 80 percent in the Midwest, compared to 41 percent in the Northeast, and 59 percent in the West. Buyers in the South also placed higher importance on newly built homes, porches, single-level homes and monitored security systems. Buyers in the West had a higher-than-average preference for lawn sprinkler systems, fencing, patios, and oversized garages. Fully or partially finished basements were more important in the Midwest, and reserved parking in the Northeast.

Buyers’ preferences also differ by the location of the home purchased, mostly based on the neighborhood features. Those who purchased a home in an urban area had a higher-than-average preference for being near public transportation, reserved parking, and proximity to work. Suburban home buyers indicated a higher preference for oversized garages, walk-in closets, and new homes. Buyers in rural areas were more likely than average to prefer wooded lots and a water treatment or filtration system.

Preferences by Age. Home feature preferences also vary by age of the home buyer. For example, among older buyers, features such as a walk-in-closet in the master bedroom and a separate shower enclosure in the master bathroom were more often viewed as very important; and a backyard or play area, and proximity to work and schools were less often considered as important among these buyers. Buyers over 44 years old had a higher preference for single-level homes than the younger buyers. Buyers aged 55 or older were more interested in homes that are cable or satellite TV ready, equipped with a lawn sprinkler system, and on a flat lot. Buyers over 64 years were more likely to prefer sidewalks and an air filtration system, and less likely to prefer fencing and porches.

Features in the Home Actually Purchased
Home buyers consider many features as important when searching for a home, but they sometimes need to make compromises when actually purchasing a property. Among recent home buyers who considered each of the features examined as somewhat or very important, the home purchased most likely included cable-satellite TV readiness, high speed Internet access, central air conditioning, an oversized garage, and neighborhood features such as proximity to schools, to a park or playground, and to shopping. Among the desired features least likely to be present in the home purchased were an intercom system, a water treatment or filtration system, homes with handicap accessibility features, and extra-wide doorways.

Repeat vs. First-time Buyers. There are differences on what features buyers comprised on depending on whether they are repeat purchasers or those buying their first home. Repeat buyers were more likely to purchase a home with most of their preferred features, including many luxury items. Compared to first-time buyers, they compromised most on neighborhood features, such as proximity to work, a park or playground, and public transportation. Buyers of new homes did not make many compromises on the size or luxury items, but mostly on neighborhood features.

Regional Differences. The likelihood that a preferred feature is present in the home purchased varies by region. Desired features much more likely to be present by region included intercom systems, hardwood floors, bay windows, skylights, proximity to public transportation and reserved parking in the Northeast; a water treatment or filtration system, an intercom system, and homes more than 100 years old in the Midwest; a tennis court, being near or on a golf court, porches, and a monitored
security system in the South; and lawn sprinkler systems and fencing in the West. Among the desired features, the ones much less likely to be present in homes purchased in each region compared to the national average were lawn sprinkler systems, fencing, patios, and new homes in the Northeast; lawn sprinkler systems, fencing, and monitored security systems in the Midwest; proximity to public transportation, fully or partially finished basements, and intercom systems in the South; and usable/ accessible attics, wooded lots/trees, and whirlpool baths in the West.

Age of Buyer. Recent home buyers aged 25 to 44 purchased a home with most of the features they desired. As the age of the buyer increased, the likelihood of compromises increased, particularly among those aged 65 and over, and especially on neighborhood features. For example, less than 50 percent
of buyers 65 or older purchased a single level home, despite ranking this feature as important.

“Will Pay for AC”
Home buyers value some features so much that they reported being willing to pay more for a home if that feature was present. The most frequently reported features for which buyers would be willing to pay more included central air conditioning, walk-in closets, hardwood floors, high-end kitchen appliances, oversized garages, and patios. The least frequently mentioned features for which buyers would pay extra included homes that were more than 100 years old, a tennis court, a sloping lot, being on or near golf course, and handicap accessibility. Home buyers who purchased a home without a valued feature were willing to pay the most for a waterfront property, typically an extra $4,760; a home less than 10 years old, typically an extra $3,800; and fully or partially finished basement, typically an extra $2,970.

Among buyers who purchased homes below and above the median price, the rank ordering of the features for which they were willing to pay extra changed little. However, there were significant differences in the amounts that buyers would typically pay for some of the features. For example, buyers of homes below and above the median price were willing to pay the most for a waterfront property; but among those with homes priced below the median, the typical extra amount was $3,360 and $8,240 among those homes priced above the median. For a cul-de-sac lot, and proximity to shopping or public transportation, those buyers with above median priced homes were willing to pay almost twice as much as those with homes below the median price. For features including central vacuum, high-speed Internet access, and intercom system, there was not much difference in the extra amount these two groups of buyer were willing to pay.

What Does It Mean to REALTORS® and Their Clients
The information provided in the Profile provides insights into the priorities of home buyers. For instance, sellers considering putting their home on the market may want to consider what “buyer preferred” features might be added to the home before it is listed. By so doing, the home could attract more buyer traffic, and likely increase the sales price. REALTORS® who are working with clients to sell homes can more accurately determine the “value” of each home feature and thus determine a proper listing price. The data and analysis in the 2007 Profile of Buyers’ Home Feature Preferences is another tool for real estate professionals to use as they market their clients’ homes to potential buyers.

The 2007 NAR Profile of Buyers’ Home Feature Preferences is based on a survey conducted earlier this year. The 39-question survey questionnaire was mailed to a random national sample of 40,000 home buyers who purchased a home between late 2005 and early 2007. The survey gathered information about those features that buyers considered very important when searching for a home and whether or not those features were present in the home they actually purchased.

Copyright National Association of REALTORS®, Reprinted from REALTOR.org with permission.

November 8, 2007 Posted by stuartandsally | Real Estate Specific | , , , , , , , , , | No Comments Yet

International Buyer Impact

Last month, I utilized this space to discuss the second-home market as a whole. In the meantime, the results of a very interesting survey have recently been released by the National Association of Realtors® regarding second-home purchases made by international buyers. Americans have most often viewed home ownership as a stable long-term investment, and it appears that many buyers from foreign countries agree. The survey used the time period of April 2006 through April 2007, and the results lean toward the conclusion that although the housing market in the United States has slowed down since the incredible 2000-2005 boom, our national real estate market is still a popular option for numerous international buyers.

The report highlighted the preferences of international home buyers in the areas of type of property purchased, purpose of property, median price paid, type of financing used, and where the property was located.

The profile of a “typical” international home buyer would begin with the inclination towards a detached single-family home or townhome, which is also true for U.S. home buyers. However, buyers from foreign countries tend have a stronger preference for condos or apartments than buyers from the United States, with those sales making up 22% of the homes purchased during the survey period.

As for the rationale of why a second-home is purchased in this country, a full 47% of the homes were purchased with the intent of being used simply as a vacation home for family and friends. This category was followed at 31% by being used as both a vacation home and a rental or investment property. And finally, 22% planned to use the home strictly for rental and investment purposes.

It can be estimated that the international buyers are also leaning towards some of the nicer properties in the United States. Though the national median price in 2006 for residential real estate sold was $221,900, the median price for international buyers was $299,500. And even considering that the majority of this market segment (28%) was for homes under $200,000, a full 14% of the homes were sold for over $750,000.

Like domestic buyers, the majority of foreign home buyers obtained a mortgage to purchase their second home. However, 28% of foreign buyers vs. 8% of U.S. buyers paid cash for their home. Reasons for this could be due to simply more cash on hand by the international buyers or perhaps the absence of tax benefits for carrying a mortgage in the homeowner’s country of origin.

Robyn Erlenbush is owner of ERA Landmark Real Estate (with offices in Bozeman, Big Sky, Livingston and Clyde Park) and Intermountain Property Management. She can be reached at robyn@eralandmark.com.

Visit us at http://www.eralandmark.com & http://www.stuartandsally.com

September 6, 2007 Posted by stuartandsally | Local News & Updates | , , , , , , , , , | No Comments Yet

Making a better community means construction and lots of it…

Making a better community means construction and lots of it – This is an update from JTL Group on the Downtown construction to keep you informed. Credits below.

 

BOZEMAN— Pleasant weather has settled in around Bozeman. As a result, the Main Street Makeover project has been making steady progress and the attractive new look is starting to emerge as intersections at Willson, Grand, Black and Tracy have reopened.

 

As work is completed and continues to move east along Main Street, downtown sightseers and shoppers are able to use the new handicapped access ramps and colored concrete crosswalks. The other features of the Makeover still to come include new road surface on Main Street and traffic signals.

 

All businesses remain open and fully accessible to pedestrians, parking is still available and pedestrian traffic is open, except for a few areas in fenced work zones.

 

Comments from the public at the weekly update meetings remain positive.

 

“Keeping Wallace open is excellent,” said Gary Gullickson from Heeb’s East Main Grocery. “We’ve had no customer complaints.”

 

Debbie Arkeel, a City of Bozeman representative, added, “There seems to be a lot of pedestrian traffic downtown and it appears to be moving quite well.”

 

“We appreciate the feedback we’ve gotten from both business owners and pedestrians,” said Jackie Flikkema, project manager for JTL Group of Belgrade. “Comments have been overwhelmingly positive. We appreciate that support from our community.”

 

Traffic in Main Street work zones is still moving along one lane traveling in each direction. The speed limit in this area is 25 mph. Drivers should remember that fines double in work areas and to take extra precautions while passing through the construction zone. Safe driving practices including slowing down, taking extra care to watch carefully for workers and yielding to all pedestrians in or approaching crosswalks.

 

Directional signing continues to be used at closed intersections. Until new traffic lights are up and working, stop signs will be installed at affected intersections. Vehicles will not be able to make left hand turns onto Main at those intersections. When Rouse closes, the traffic signal at the intersection will be shut down so drivers are urged to watch for pedestrians crossing there. The signal at Wallace will continue to operate.

 

There will continue to be occasional city and other construction company projects that also impact traffic in downtown Bozeman. All these projects are temporary and unrelated to the Main Street Makeover.

 

Please listen for updates on traffic control plans.

 

Companies involved with bringing the attractive new look to downtown Bozeman include JTL Group of Belgrade, Montana Lines and Bridger Signing and Supply, responsible for coordinating traffic control signs for the project.

 

Construction will take a hiatus during the Sweet Pea Festival and Bite of Bozeman.

 

Weekly progress meetings are held at 9 a.m. in the City Center Best Western at 507 W. Main in Bozeman (Bridger Room). Thanks to the Downtown Bozeman Partnership and Heeb’s for providing beverages and snacks each week. The public is invited to bring any questions or concerns to these meetings.

 

Project updates will be also be published weekly in the Bozeman Daily Chronicle and circulated to other news sources. For more information or answers to specific questions, visit www.jtlbelgrade.com or call Jackie Flikkema at (406) 388-4035, ext. 103.

 

Special Thanks to the City of Bozeman website and JTL Group of Belgrade for the updates on road construction in the Gallatin Valley.

June 26, 2007 Posted by stuartandsally | Local News & Updates | , , , , , , , , , , , , | No Comments Yet

State of the Rockies

A quick look at the parking lots of the local hardware and home improvement stores in town gives us an indication of the amount of both “do-it-yourself” and “large scale” remodeling projects taking place in this area. Homeowners take pride in where they live, and the “to do” lists for most seem to never get shorter. Whether you are sprucing up your home for resale value or just wanting to increase your current enjoyment, there is information available on which types of projects should provide a better return on your investment.

Each year, Remodeling magazine produces an annual report which compares construction costs with resale values for many of the most common remodeling projects throughout the nation. This is the 19 th year that the report has been published; however, this year’s “Cost vs. Value Report” has seen a number of improvements in the way that data is compiled as well as a change from four U.S. regions to nine. If you would like to view the entire report, it is available at costvsvalue.com for a small fee. There are a variety of factors that actually come in to play when figuring the “cost recouped” for a particular house including the condition of the rest of the home, the value and availability of comparable properties in the immediate area, and the property values as a whole in the surrounding area.

Overall, and as expected, prices for the majority of remodeling projects have risen while the actual dollars that can be recouped when selling the home have declined. This comes as little surprise due to the record breaking activity levels we have witnessed in the past several years in both home sales and remodeling. Even with the current year’s declines, the numbers are still quite impressive. Considering the increased value at the time of resale, a home improvement project may only cost 20 cents to 25 cents on the dollar. According to the report, 75 cents to 80 cents of each dollar spent on a home improvement project are actually recaptured in the form of increased equity.

Replacement projects rate high when measured by cost recouped at resale. One possible reason is energy efficiency in these times of high fuel prices. For example, replacing old windows not only saves money while still residing in your home, but also makes it very appealing to potential buyers when the time comes to sell. However, aesthetics is also a key motivator on choosing which projects to take on. The power of a great first impression is one reason to consider replacing old siding and windows.

So, which remodeling projects should you consider if return on your invested dollars is important? In the Mountain Region, which includes Arizona , Colorado , Idaho , New Mexico , Utah , Wyoming , and Montana , a few key areas stand out. Adding a two-story addition won out as the most profitable remodeling venture, with 88.3% of the cost being recouped at the time of sale, nearly 5% higher than the national average. However, it can also be one of the highest investments dollar-wise, and therefore it can be somewhat prohibitive for many. Performing a minor kitchen remodel, bathroom remodel, or finishing out a basement also were viewed as a good choice in that they all were rated just above 86% for cost recouped, which was slightly higher than seen throughout the nation. Replacing windows, either with wood or vinyl, showed strong numbers at 85-86% which was very close to the national average.

The two projects that finished at the bottom of the list for the Mountain Region are the addition of a sunroom (65.1%) and the remodeling of a home office (60.9%). These numbers were just a bit below the national averages.

Whatever the rationale for undertaking a major project, whether it is for ease of maintenance, beauty, pure enjoyment, energy efficiency or resale, it is certainly a great benefit to be able to recoup the majority of your expenses in the process. As our market conditions have changed, now is a good time to engage a reputable builder to assist you. Always ask for written bids and local current references from other remodeling projects and consult with your local realtor on which projects have the most impact in our marketplace. Using this information, along with choosing a knowledgeable builder and realtor, can assist you in making the right improvement choices and obtaining the very best price when the time to sell does arrive.

Published in the Bozeman Chronicle, June, 2007 by Robyn Erlenbush

Robyn Erlenbush is the owner of ERA Landmark Real Estate (with offices in Bozeman, Big Sky, Livingston and Clyde Park) and Intermountain Property Management. She can be reached at robyn@eralandmark.com.

For more information, please see our website: StuartandSally.com

June 25, 2007 Posted by stuartandsally | Local News & Updates | , , , , , , , , , , | No Comments Yet