HomeBlogSite Bloggers /  Joe Boylan

Joe Boylan's Colorado Springs Real Estate Blog

Up to date information on the Colorado Springs Real Estate Market!

  • Home
    Home This is where you can find all the blog posts throughout the site.
  • Categories
    Categories Displays a list of categories from this blog.
  • Tags
    Tags Displays a list of tags that has been used in the blog.
  • Bloggers
    Bloggers Search for your favorite blogger from this site.
  • Login

Blog entries categorized under Buying

Nick Timiraos at the Wall Street Journal has written a great distillation on a paper recently published by economists from Federal Reserve Banks of Atlanta and Boston. I am excited to finally see in writing what Realtors on the ground have known for a while. There are a lot of myths and misnomers in the media and the general public about the the housing bust and the subsequent mortgage meltdown. If you're interested in a realistic view of what happened to the housing market, please give this a read.

 

Twelve Facts That May Surprise You About the Housing Bust

Tagged in: finance
Hits: 1616
Rate this blog entry:
0
Continue reading 0 Comments

This is the National Association of Realtors “Nationwide Open House Weekend”. Boylan and Company is participating with two great properties.

Tagged in: open house
Hits: 1445
Rate this blog entry:
Continue reading 0 Comments

Why so many basements?

Posted by on in Buying

Here at “Boylan and Company”, we are fortunate enough to work with a lot of home buyers. There are a lot of hidden benefits to being involved with so many home buyers. The most valuable is the first hand knowledge you gain about what buyers are looking for and why. You also get some great questions, one of my favorites usually comes from people relocating from warmer climates, “Why does every house have a basement?”.

In warmer climates, Texas, Florida, California, etc... Homes are built using a method called “slab on grade”. This method consists of a concrete slab poured into a mold, directly onto the prepared dirt, much like a sidewalk or driveway. This method is very cost effective due to the lack of excavation costs.

Unfortunately, we aren’t able to use this method here in the Pikes Peak Region. The primary reason is Frost and associated Frost heaving. Frost heaving occurs when ice forms in the soil surrounding the foundation walls and expands, actually cracking or heaving foundation footers and walls.

When you build a home in the Pikes Peak Region the preferred choice of foundation is either basement or crawl space. Both of these options allow the builder to get the mostimportant parts of the foundation and home below the frost line, eliminating frost heave at the foundation. This means we have to build using the more expensive “Spread Footing Foundation”. This method consists of pads or footers of concrete, poured well below the frost line, in the Pikes Peak Region this means at least 4 feet below grade. These pads in turn transfer the loads from the foundation walls and house to the soil or bedrock below.

Forms for footers

Footer forms set well below frost line

Now we get to the crux of why we have so many basements here in the Pikes Peak Region. Crawl spaces have to be at least 4 feet deep and cannot be counted as square footage in the home. Basements on the other hand, range in depth from 8 to 10 feet and are counted in the total square footage of the home. Both a crawl space and a basement require excavation (digging). This is expensive but a good portion of that cost comes from getting the equipment and operator to the building site. Once the digging starts, the cost of going from 4 feet of unusable crawl space to 8 or 10 feet of usable basement isn’t much in the big picture. On the up side, by paying a little more on the front end, you add a large amount of cost effective square footage to the home.

Hits: 3563
Rate this blog entry:
0
Continue reading 0 Comments

Our Social Connections

Have Questions?

Copyright © 2013 Colorado Springs Real Estate | SpringsHomes.com.

Designed by Boylan and Company

S5 Box