Blog :: 05-2017

Deed Restriction in New Hampshire, the good the bad and the ugly...ask the expert.

Deed restrictions and Covenant – good the bad and the ugly- ask the expert?

 

Many subdivisions have strict bi-laws to prevent owners from pitching a tent on their site and camping out. This Covenant comes in the form of “no” a temporary shelters provision. One step further we often see no mobile homes, or a minimum square footage requirement. These guide lines were intended to ensure a homogeneous design and value of homes in a given neighborhood. They were and are a good idea in most cases still.

With the advent of tiny homes, and the idea of lowering ones carbon foot print some (many home owner associations don’t allow clothes lines for example) of these deed restriction make certain subdivisions unsuitable for the new environmental-friendly buyers. That may offer an opportunity for a land owner thinking about completing a subdivision.

As a Realtor I have served on several subdivision boards and walked them through the town approval process… I personally would like to see less restriction required when filing for approvals. But at the same time no restrictions can lead to major heart aches between abutters.

 

I can think of a scenario where we assume people will do what is best for their neighbors, and you will quickly understand not everyone sees a vintage muscle car in parts as a lifestyle choice that doesn’t affect the house next door from selling at top dollar. So maybe not allowing unregistered vehicle to be outdoors is still a good restriction to keep on your deeds.

If you are looking to build a tiny home, a mansion, or a new subdivision in New Hampshire give me a call and let’s talk about your best options. Steve Loynd - 33 year Veteran Realtor... Ask the Expert. 603-745-3601 / steve@alpinelakes.com

 

 

New Hampshire Condominiums purchased with second home loan?ask the expert.

New Hampshire Condominiums purchased with second home loan…ask the expert.

 

A great choice for many looking for a family get away is an association managed property; this most often comes in the form of a condominium. But can also be a single family property within a home owners association.

 South Peak on Loon Mt, Lincoln NH

___________________________________________________________________________________________________________

What you need to know when seeking financing:

Fannie Mae is the Quasi-governmental entity that controls the mortgage markets in the U.S. they generally offers the most competitive rates when seeking a property loan. The down side when it comes to condominiums is they sell there note on the secondary market so the property has to be squeaky clean and vanilla in flavor.  The risk of putting your eggs in this basket is the Mortgage Originator (your loan officer) will require a condo questionnaire to be completed and reviewed by the underwriting department.

This can take a lot of time if this lender hasn’t completed a loan in this project before…and the pit falls are many.

            Deer Park , Woodstock NH

______________________________________________________________________________________________________________

 Issues that can derail a Fannie Mae loan on a condo:

1) If there is an on-site rental program, or if a simple on-line search shows one or more condo owners are advertising their units for a private rental (Air B&B or other sites)

2) If with in the entire master plan project there is any timeshare units with in the association

3) If one owner owns more than one condo and that number exceeds 10% of the total projects gross # of units.

4) Similar to above…if 10% or more are for sale (or) 10% or more are delinquent in their dues.

 

The Solution…is a portfolio loan. This is not a shady back room loan shark deal. In fact many times your same lender has in-house money they can loan on properties that your bank’s local committee can use to accommodate real estate not qualified for Fannie Mae consideration. The key here is to work with a lender that has both and can switch you to a program that works. If your independent mortgage broker can only place secondary mortgage market loans…please don’t go down that road – you’ll miss the contingency dates and can lose the property or even lose deposit money in a worse case.

    Jack O Lantern Golf Resort, Woodstock NH

_______________________________________________________________________________________________________________

 

Hire Alpine Lakes Real estate to help you buy or sell and condominium, we know what to look for, and can create a smooth transaction for all.

 

A few other helpful hints when looking at Condominiums:

 

* ask to review the minutes of the last  2 homeowners meetings, more time than not up coming special project and expenses are a topic of these meetings and a new $10,000 roof is an important factor in buying.

* ask to see the current budget and monies held in capitol reserves for future common area projects under consideration for your condo project.

* Ask about on-site pet policies, as some projects don’t allow pets of any kind, while others allow owners but not renters to have a furry friend.

 

          Forest ridge Lincoln NH

______________________________________________________________________________________________________

Call Alpine Lakes Real Estate co Inc. 800-926-5653

 

 

Exploring the real estate of the White Mountains of New Hampshire

    Forest Ridge in Lincoln & Deer Park Resort, Woodstock New Hampshire are just two of the 4 seasons recreational places to land. 

                        

Offer a view of Loon's South mountain ski slopes...or a man made swimming pond, you can't go wrong with either.       

A funny thing happened on the way to the ski slopes at Loon Mountain?

We found that we loved the white mountains in the Spring - Summer - Fall and Winter...It's not just a place to ski, it is a feeling that families seek out to reconnect and find the time to listed to each others stories.

                    

The Journey is as important as the destination. Two hours in the car on the way to the mountains can be the most important part of the trip. Parent have a captured audience, ans they sometimes reveal more about their school, friends, sports...likes and dislikes during those road trips. The Bonus of course is the recreational goals when they get to New Hampshire's best attraction...the forest.

          

Enjoy the destination, but don't forget the trip starts when you leave your driveway. See you soon in the White mountains Of New Hampshire.

   www.alpinelakes.com           real estate in the mountain 800-926-5653

    Comments

    1. No comments. Be the first to comment.

    Memorial Day Events and Open House at Coolidge Falls!

    • By
    • Posted

    With Mount Washington breaking records with its largest snowstorm in May with 33.3" of snow, we are all looking forward to warmer weather here in the White Mountains. Memorial Day Weekend kicks off our summer season and all the great attractions in the area are opening! Here at Alpine Lakes we are all excited for the upcoming Celebration of the Lupine and Dinner Train rides.

    We are also excited to host an open house at 54 Flume Road, Lincoln in Coolidge Falls on Saturday, May 27th from 11am to 2pm. Stop on by when you are in town!


    This beautiful single family home in Coolidge Falls provides you everything you are looking for! 6 bedrooms, 5.5 bathrooms, open concept with views of Loon Mountain!


    The 1st floor has an open floor plan with hardwood floors throughout the kitchen, dining room, and formal living space. Enjoy a cozy evening in front of your gas
    fireplace, with stone work around 3 sides, with a glass of your favorite beverage from your wet bar. Kitchen offers stainless steal appliances and maple cabinets.

    Next step into your den with large windows and a gas stove for extra warmth after a long day of skiing. The first floor also has the 1st of 2 master bedrooms with an en suite with a large soaking tub and double sink vanity. There is also a half bath on the 1st floor for your guests.

    On the 2nd floor there are 2 bedrooms with en suites, and 2 additional bedrooms that share a full bathroom.

    In the basement there is an all purpose rec/playroom, which can be used as a 6th bedroom, with beadboard ceiling and a full bathroom. There is also a large mudroom, laundry room (laundry shoot from top 2 floors), and a ski locker room with your very own sauna. The 2 car garage will fit all your toys.

    Two decks, one off the front with views and one off the back. The next door lot can't be built on, which gives you extra privacy. The White Mountain National Forest is your backyard!! This home comes fully furnished, so just come on up and enjoy! Membership at Village of Loon can be transferred at closing.

     

    MLS: 4627272 Price: $750,000

    Looking for other fun activities for the weekend?  Here are just a few that the area has to offer:

     
    Café Lafayette Dinner Train - Begin your two-hour, 20 mile round trip train ride with us pairing a convivial ambiance with classic cocktail offerings or one of our fine domestic or international wine selections. As we roll down the Pemigewasset River Valley at a leisurely pace, enjoy perfectly harmonized service and our beautifully plated fare highlighting quality seasonal ingredients selected and prepared on board by Chef Doug Trulson and his talented culinary team. May 27th and 28th all aboard at 5:15pm
    http://cafelafayettedinnertrain.com/

     
    Loon Mountain - Summer Activities include Ariel Forest Adventure Park, Gondola Rides, Ziplining, Bike Rentals, and much more! Memorial Day Weekend hours 10am to 5pm
    http://www.loonmtn.com/experience/summer-activities

     
    Clark's Trading Post - Watch a famous Black Bear Show, ride a Steam Train, be chased by the Infamous Wolfman, and be amazed by Chinese Acrobats! Open Memorial Day Weekend 10am to 4:30pm
    Lost River Gorge & Boulder Cave - Follow the Lost River to explore jagged rock walls, gigantic boulders, rock-strewn glacial caves, and cascading waterfalls. May and June hours 9am to 5pm.   
     
    Hobo Railroad - Travels through a naturally wooded setting along the twisting Pemigewasset River. Train rides May 27th & 28th at 11am, 1pm, and 3pm and May 29th at 11am and 1pm
    Flume Gorge - Enjoy a 2-mile self-guided nature walk through the Flume Gorge, a spectacular natural chasm. Along the walk you will discover covered bridges, amazing waterfalls, a scenic pool, and incredible mountain views.Opens for season on May 5th. Hours 8:30am to 5pm
    Celebration of the Lupine - The Annual Fields of Lupine Festival has changed and is now an Annual Celebration of Lupines. In June in the N.H. towns of Bethlehem, Easton, Fraconia, Lincoln, Lisbon, Littleton, Sugar Hill, Woodstock enjoy the blooming lupine flowers. Various events will be held throughout the month of June. 
    Sugar Hill Lupine Market - Open-Air Market. Vendors, Artisans, Events, Free Concert - June 3 and 4 from 10 am to 4 pm.

      Comments

      1. No comments. Be the first to comment.