Blog :: 2012
Lets face it, the way to see a beautiful waterfront property on Lake Winnipesaukee is by boat. Approaching a waterfront home from the lakeside provides one with a view of the front and not the back of the house, the dock, waterfront amenities and the shoreline. You are ultimately going to invest a lot of money in the purchase of waterfront real estate so experiencing the property from the waterside not only makes sense but its also fun!
Mitt Romneys Summer Home, Wolfeboro, New Hampshire. The gist of the blog concerned the impact on the town of Wolfeboro if Mr. Romney became President of the United States. He is not yet President, but I can tell you there has been an increased impact on the town of Wolfeboro in terms of people coming here this summer, and also in increased interest in owning real estate in Wolfeboro, known as The First Summer Resort in America and The Jewel of Lake Winnipesaukee.A year ago July I wrote a blog titled
The 'Romney Factor' on Wolfeboro Real EstateAs Realtors at Maxfield Real Estate in Wolfeboro, Carol and I have seen a definite impact because of The Romney Factor on real estate sales. We always ask people looking at properties how they found us, where they are from and what draws them to Wolfeboro. The comment we keep hearing is that they have heard so much about Wolfeboro in the news because of Mitt Romney and that helped them to decide to look in Wolfeboro for property. I recently had a man call from Bethesda, Maryland asking if there were any waterfront properties for sale near Mitts waterfront home.
A Safe InvestmentThe observation from our Realtor colleagues at Maxfield Real Estate is that we have never been so busy even during the boom times of the early to mid 2000s. The other thing weve heard from buyers is their frustration with the stock market and that there is a feeling that parking money in real estate is a more long term and safer investment for them. Why not buy in a town that a potential future President of the United States owns property and enjoys the most beautiful town on Lake Winnipesaukee. So if you too want to explore real estate in what may be the Presidential summer retreat, please contact us or search Wolfeboro properties on our website. Who knows, you may just run into the Romneys on the way to the grocery store or hardware store just a short walk from the Wolfeboro town docks.
One of the exciting things about being a Realtor is when you have the opportunity to list and promote a very unique property. Every property has characteristics that make it unique, but it is the rare property that epitomizes what the term unique stands for in real estate.
"Stonehenge of Wolfeboro"We have just listed such a property, historic "Stonehenge of Wolfeboro located in the Oldest Summer Resort in America. This summer home was built in 1907 by Isaac F. Baker as a private retreat by the shores of Lake Winnipesaukee. The home was named after the famous prehistoric observatory Stonehenge located in the English county of Wiltshire. When originally built in 1907, Stonehenge of Wolfeboro had a 360 degree view of the countryside which included South Wolfeboro Bay on Lake Winnipesaukee. The massive stone columns surrounding the house and the stone steps into the Great Room speak of a time gone by.
Outside the PropertyThis important property encompasses 26.9 acres with 3 lots of record including a separate 3.2 acre lot with 400 feet of shore frontage on South Wolfeboro Bay. Stonehenge has 7 bedrooms and was authentically restored by the present owners who recently added a tennis court, 3 pitch and putt greens, bocce, volleyball, basketball and badminton courts plus several miles of trails. Step back in time as you arrive at the estate via a long winding drive to the elegant stone entry leading to a covered wraparound porch.
Inside the PropertyUpon entering the Great Room of this splendid home admire the soaring two story fieldstone fireplace. Equally impressive are the natural bead board walls and original hardwood and pine floors, as well as the large formal dining room and updated kitchen. For outdoor gatherings, there is a second kitchen for catering on the lower walk-out level. The original 1907 stone garage will house two cars with a storage room above. Theres the opportunity to build up to two more homes on the extra 2 lots of record, with one home being by the lake and one by Mink Brook. Whether it remains as is or becomes a family compound, this stunning property is one of a kind and for the discerning buyer. Contact Steve and Carol Bush of Maxfield Real Estate for more information or to make an appointment to view this important property.
Watch a Video Tour for 9 Oakwood Road, Wolfeboro NHhttp://www.youtube.com/watch?v=nh_1yyzISRM View Listing Page on our website
In my previous blog Whats the Best Investment Youll Make Prior to Closing on a Home? Part I I identified 3 of the 8 inspections that you have the right to include as part of the purchase and sales agreement.As I mentioned previously, having a certified building inspector and septic system professional come to the property within a couple of weeks of a signed contract by the buyer and the seller is the best investment in money and peace of mind that you will make prior to closing on a property. The peace of mind that having inspections performed might save you money by the seller fixing any problem, or the disappointment after the sale of finding out about problems with the property that you didnt know existed, or if the concerns discovered are so significant it will allow you the opportunity to get out of the contract. The inspections discussed in Part I were, General Building Inspection, Sewage Disposal, and Water Quality. Here are the final 5 suggested areas listed on the New Hampshire Association of Realtors Purchase and Sale Agreement Standard Form in which a buyer, at his or her expense, have the right to have performed within a reasonable amount of time. They are;
- Radon Air Quality Because radon gas is emitted from primarily granite and we are the Granite State, it is wise to have the basement tested. It is odorless and tasteless and is impossible to detect without testing. In New Hampshire the Department of Environmental Protection recommends taking steps to lower radon concentrations when those concentrations equal or exceed 4.0 picocuries per liter in the lowest portion of a home. The cost of having the test done is approximately $100.
- Radon Water Quality The New Hampshire Department of Environmental Services recommends that homeowners take steps to remove radon from the water supply when the average concentration exceeds 2,000 picocuries per liter. The cost for having the radon in the water tested is in the $100-$125 range.
- Lead Paint Potentially the most destructive of hazardous conditions especially for children who may ingest flakes of lead paint. Prior to a home built in 1978, lead paint was used. After 1978 it was outlawed and homes were painted with oil based or latex paints. Even prior to 1960 some lead paint was known to also contain mercury. Testing for lead paint can be costly, but it is often fairly easy to visually ascertain if there may be lead paint.
- Pests More often than not the person doing the general building inspection will be able to see if there are pest problems to the property you are buying. Critters like red squirrels, bats, and carpenter ants can
- Hazardous Waste If there is hazardous waste on the property, it can be simple or complicated and the costs for remediation can vary widely. In the property disclosure, which accompanies the purchase and sales agreement, any knowledge of buried tanks, hazardous waste products, etc. must be divulged if known. A building inspector may suspect a problem based on the location of the property and history of the property or properties surrounding the property you are buying. He/she may suggest that you get someone experienced in hazardous waste site examinations.
Tuftonboro General Store and devoted to bringing traditional Irish musicians and music to the Old White Church across from their store have done it again! On Sunday, April 1st at 4:30 two performers from Cherish the Ladies, Grainne Murphy and Kathleen Boyle bring their traditional Irish sound to Tuftonboro and into this beautiful circa 1839 church. Ms. Murphy, a Boston native, plays fiddle with the flare and flash of the best of the traditional Irish fiddlers. Ms. Boyle hails from Glasgow and plays both piano and piano accordion with sensitivity and energy. They pair up to bring you music that will touch the soul, move the spirit and leave you feeling that all is well this day in Tuftonboro, New Hampshire. They will be playing music from their recent solo albums, and CD's should be available to purchase. Tickets are $18 and the doors open at 4:00. For more information contact Greg and Terri at 603.569.9859 or email email@example.comGreg and Terri Heppe proprietors of the
You've finally found that special property after months of searching. Both you and the seller have agreed on a price with the help of your Realtor. Your lending institution has pre-approved loaning you the funds if the appraisal of the property comes in at or above the agreed upon selling price. You are psyched big time! But wait! Is there anything more that you can do, should do, or must do to ensure that you've made a good investment? The answer is absolutely yes!Having a certified building inspector and septic system professional come to the property within a couple of weeks of a signed contract by the buyer and the seller is the best investment in money and peace of mind that you will make prior to closing on a property. What are the inspections that you should definitely have done? On the New Hampshire Association of Realtors Purchase and Sale Agreement Standard Form there are 8 suggested areas listed in which a buyer, at his or her expense, have the right to have performed within a reasonable amount of time. I will touch on the first 3 in this blog. They are;
- General Building Inspection - depending upon the size of the building, garage and number of out buildings this can cost anywhere from $300 to upwards of $500. For most properties the cost is $350 and takes approximately 2 hours. The inspector checks absolutely everything in and around the outside of the house, looking for any signs of wood issues, appliance issues, electrical, plumbing, roof, foundation, and generally all possible safety issues.
- Sewage Disposal - If you have a septic system on the property it is wise to have it checked by a professional. Typically the holding tank is pumped and then the inspector will inspect In this the baffles, run water from the house to see that everything is flowing smoothly. The cost can vary but typically it is $250 to pump the system, if it hasn't been done recently, and another $100 - $125 for the written inspection.
- Water Quality - It is always a good idea to have the water tested, especially if it is well water, as there could be contaminants that are of health concerns. Some of the contaminates, such as bacteria, radon, iron, lead and arsenic occur naturally. Others such as pesticides, chemicals, road salt, improper waste disposal and other contaminants can find their way into the soil and water supply due to improper handling. The State of New Hampshire has a list of certified labs, visit des.nh.gov. Also check out Water Quality Testing for Private Wells in New Hampshire. The standard cost for your water to be tested is $85-$130. To have the water tested for radon , the cost is $80. More on Radon Water Quality in the next blog. See this link for further information on the associated costs and what they test for at each level.
Having had the privilege to serve on the Great Waters Music Festival program committee, I can now say with great pride that this wonderful group of people have put together an exciting package of musical concerts coming to the Wolfeboro area starting on July 6th. Back by popular demand is Neil Berg's 101 Years of Broadway on July 6th. If you would like more information on tickets, click HERE. If you would like more information on the Lakes Region of New Hampshire, click HERE to contact Steve or Carol Bush at Maxfield Real Estate.If you saw Neil Berg during last season's concert series you will know what I'm talking about. The biggest moments of 101 Years of Broadway will be brought to the New Kingwood Regional High School auditorium, and will feature shows like Fiddler on the Roof, The Phantom of the Opera, Les Miserables and so many more. On July 13th, Great Waters Music Festival presents a free community concert, but you must get a ticket as there is limited seating, to the United States Coast Guard Dixieland Jazz Band. Once again Great Waters hosts one of our country's finest armed forces ensembles in an evening of wonderful music. The Great Waters Music Festival Chorus and Orchestra perform on August 4th. This concert will be directed by Christopher Shepard and will feature a professional orchestra supporting a chorus of exquisite voices. If you love choral music than you will not want to miss this musical event. August 10th features an evening with Andy Cooney, "Irish America's Favorite Son". With success throughout the country but more recently with a sold-out performance at New York's Carnegie Hall, Andy Cooney will entertain and sing his way into your hearts whether you're Irish or not. The Masters of Motown bring their celebration of the Motor City to our town on August 17th. Both male and female groups backed by a live band will recreate the sounds of the groups we all remember fondly; The Supremes, Four Tops, Temptations and so many more. This is a show not to be missed. We end our concert season in the most exciting way with The Manhattan Transfer on August 24th. This Grammy Award winning group came to Wolfeboro and Great Waters six years ago and the concert was sold out. They will be backed by a fantastic band and will cover the musical genres of pop, jazz, Broadway and so much more. Lastly it is such a treat to live in the Lakes Region of New Hampshire, especially in the summer months, when dedicated individuals such as those of the Great Waters Music Festival work hard to bring quality music to share with those who love coming here and living here.
For the year 2011 the Wolfeboro office of Maxfield Real Estate is the number 1 office for sales out of the eight real estate offices in Wolfeboro, and the Maxfield Alton office is the number 1 real estate office in that town for 2011 sales. Heady numbers attained in an extremely competitive business, but richly deserved!In Wolfeboro, Maxfield Real Estate was 45% ahead of the closest competitive real estate office in Wolfeboro. That's a dollar volume for the Wolfeboro office of over twenty-three million dollars in combined sales over that closest competitor. When there have been a string of difficult years in real estate sales due to the economy, why is Maxfield Real Estate able to remain a continual leader in real estate market share of transactions? The simple answer is that working for an independent family run company, with over 55 years in Wolfeboro, and with leadership that is "fair and balanced", as Bill O'Reilly likes to say on FOX, has inspired exceptional people to work in the Maxfield offices.