|
.10 NORTHEASTER May 4, 79.98
<br /> .Agents worry that rules could threaten older NE -homes' charm
<br /> TRUTH IN HOUSING 90
<br /> 90
<br /> Waite Park
<br /> —from page 1 h' duesincreas I e-- Columbia Park i77,200
<br /> ' � ��'Nort e W.Va.
<br /> buyers not to buy houses in the so
<br /> 80 ST7,700
<br /> city."
<br /> Gacek said the:rules might Altho,dgh real estate,agents might worry about, 70
<br /> particularly slow Northeast sales kets,i Northeast Minneapolis 70 $67,800
<br /> future-housing mar $69.2000
<br /> because many houses are rd.good house value hews again
<br /> homeow ers hea 60
<br /> older, with "historic" character. 613 -196 '97 1998
<br /> Many buyers look for such hous- this year: average,single"family home house values 1994 -91, '96 .97 1998 1994
<br /> es planning to restore the origi- increased in nearly,every Northeast neighborhood. 80 so
<br /> nal charm they can't find in new That follows increases in every Northeast neigh- Bottineau
<br /> Marshall Terrace
<br /> houses."That's what's selling a borhood last year. 70 70
<br /> lot of these properties." 'I'The sec heast real estate agent S64,500 $60.900
<br /> "The seller won't do as good ret's out," Nort
<br /> a job to keep the character of a .'Mike Gacek said. "The old houses, with beautiful 0 $56,700 60 $53.300
<br /> 1900-era house.The buyer will woodwork,'You"can't get them anywhere else like
<br /> do a better repair job,"he said. we have here. it's driving prices up." . :0 50
<br /> "I sell a lot of houses'as is.'The I f 11 . 1 . 1 1 . 1 1994 '97 1998 .1994 195 '97 1998
<br /> buyer wants to repair them and "People are realizing that Northeast is a great 80. $77,900
<br /> can afford to. That won't hap- place to live. Crime is low,the streets arenice and -eo Holland Audubon,Park
<br /> pen. the housing quality is good." 70
<br /> Biernat, a former real estate A strong.economy and low interest rates have 70
<br /> agent,'said he's heard com- S59,000
<br /> plaints from many real estate helped increase values city-wide, he said: 60 60 $63.400
<br /> agents, but he disagrees'with The graphs at right show average values for sin- '000.
<br /> them. Homeowners need a gle family homes in each, Northeast neighborhood. 50 '95
<br /> 50 99 96 '97 1998
<br /> rental license to rent their hous- 1994 '95 '97 1998
<br /> es, and to get one, they must
<br /> pass.a housing inspection and code
<br /> make needed repairs anyway. Older houses' charm won't make some repairs if they want Gacek said he knows that city his neighborhood still has
<br /> It's unlikely,therefore,that peo- be threatened,he said,because to. Officials are still changing inspectors are supposed inspect violations, even though neigh-
<br /> ple would become landlords to the rules would allow sellers and the rule proposal, he said, but rental houses, but they already bors have complained to offi-
<br /> avoid making house repairs,he buyers to negotiate repair re- he expects that negotiating room have too much work and can't cials for months.
<br /> said. sponsibility, and buyers could to remain in the proposal. keep up.One rental property in Biernat said old houses that
<br /> change to rental are called"con-
<br /> versions." Such houses go to
<br /> % the top of the inspectors' lists,
<br /> he said, so he doesn't believe
<br /> IV rental inspections would be long-
<br /> re r 0 delayed.
<br /> Johnson t et BUR Design ( ' flteit Gacek said he knows, too,
<br /> that the new rules would allow
<br /> sociation and the Johnson Street Merchant's Association
<br /> The Audubon Neighborhood As
<br /> buyers and sellers to negotiate
<br /> have worked together to make it pos.sible for the neighborhood to hang decorative banners
<br /> some repairs,,however, those
<br /> on Johnson Street light poles between 28th and 29th Avenues.These Banners are meant to
<br /> rules add costs, time and ex-
<br /> offer a sense of community and a feeling of"Welcome to Our Neighborhood:' pense to an already-compl.icat-
<br /> ed procedure. Buyers and sell-
<br /> These two-sided,2-by 5-foot banners will have a design on them based upon the Audubon TRUTH IN HOUSING
<br />
|