Setback No. 375: Appraisal

Received a new appraisal yesterday. It’s better, but still short of what we needed to complete the project. For those of you who are unfamiliar with the lending process, here’s how it works:

Banks will loan you a certain amount of money based on the appraised value of your project. To keep it simple, let’s say your project appraises at $100,000. Most banks lend between 70-80% of the full value of the project. With the example above, that would be $70-$80k.

This percentage is often referred to as “Loan to Value” or LTV. Read the rest of this entry »

Good Thoughts…

Well, tomorrow is THE DAY. The bank’s appraiser will be coming by the house to do a walk-through. This will be the second appraisal of the current home and Live/Work Propoert. The number we need to hit is ambitious, BUT the new appraiser agrees that it’s valid to use duplexes as comparables.

The reason duplexes are relevant is that there are many examples of such properties around the city. Unlike ADUs, duplexes can be found throughout many neighborhoods, and finding recent sales data will be much easier.

If you’re reading this post, send some good wishes our way.

An Appraiser to Admire

I recently met with Taylor Watkins of Watkins and Associates. Taylor was referred by Beth of Living Spaces Design, as well as Renee and Lorie of Rose City Mortgage. Sadly, Taylor had an emergency come up and wasn’t able to help us with the project. However, once he’s back to full speed, I highly recommend giving him a call.

Living Spaces: Better Design, Smaller Footprint

I recently had the pleasure of meeting Eric Storm and Beth Meredith of the design firm Living Spaces. Eric and Beth stumbled across my site and invited me to lunch to discuss ADUs.

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Without going into too much detail, we had a great conversation about the ADU program, it’s shortcomings, and how the city could tweak a few things to improve adoption. We all agree that the city’s code needs some updates, and it’s good to find like-minded folks who see the potential for ADUs in Portland

What I like most about Eric and Beth is that they see the merits of small, efficient design. Their portfolio has some excellent examples of how small, organizational changes can have a profound impact on the efficacy and enjoyment of the home.

In addition to their work, the design duo have some great articles/essays on their site. Here’s one excerpt I found to be particularly compelling:

The fact is that the greenest solution is one that involves the least building possible…

Pretty courageous coming from folks who make their living from building design! Kudos! A while back I wrote an article that discussed the decidedly disturbing trend of “trophy green” - remodeling for the sake of vanity or prestige. Read the rest of this entry »

Live/Work Heroes

I’m introducing a new category to the site this week. It’s called “Heroes.” The idea is to highlight individuals, businesses, and organizations that have contributed to the project. Initially, I was going to call this category “Heroes and Villains” but decided that the “Villains” just weren’t worth my time or energy. Focus on the positive!

Superman!

Why Portland’s ADU Program is Flawed

(and how they can fix it)

Those of you following this website know that for over a year (17 months, but who’s counting?) I’ve been trying to get our ADU project off the ground. We’ve won some major battles (land use adjustments) suffered some small setbacks (NIMBY neighbors) and learned a lot about urban development.

A few months ago the magazine Portland Spaces put out a brief article on the ADU “trend” (”trend” is an overstatement, but the article did make it seem as if ADUs were the next “big thing”) Anyway, one of the points made by the article was that the permit process is so expensive (at least $7500 for permits) that ADUs fees are nearly as expensive as building a “real” house.

Which segues to my main point - building an ADU in the Portland city limits is simply too difficult, time consuming, and expensive. Read the rest of this entry »

Rubber Bricks

Found this very interesting product this afternoon - 100% recycled brick pavers made from shredded tires and plastic bottles - Made by Vast.

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Seems like a great alternative to poured concrete or traditional brick. I’ll look into pricing to see what it might cost. One of the most exciting features of this product is that the “bricks” can be cut with standard woodworking tools. Anyone who’s ever used a brick saw knows what I’m talking about!

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Did I mention these bricks are 1/3 the weight of traditional pavers? Hello deck!

Eric Strong, Craftsman

Eric Strong is an Ashland-based woodworker who specializes in one-of-a-kind furniture. One of the coolest things about his work is his commitment to using local and recycled wood. Check out his site here.

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Bench made from concrete and reclaimed fir from an old pickle barrel.

The Great Lighting Debate

The folks over at 100k House are having an interesting discussion on ceiling fans and lighting. Chad’s found some great ceiling fan fixtures (designed for industrial applications). The downside? No integrated light source.

One idea is to separate the light from fan function. Here’s an example of what we’re doing in the ADU bedroom: lights mounted on top of the closet “wash” the ceiling with light. Nice and indirect, you can still use less expensive industrial fans (click on the image for a larger view).

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Fence ‘em in!

Cute Pups

Anyone who owns dogs knows how tough it is to keep them from ruining your landscaping. We love our pups, but nothing kills a plant faster than a 90lb Saint Bernhard.
So, as part of our ongoing battle to save our vegetation, I’m designing a new fence around one of our planting beds. It won’t keep the dogs out entirely, but it should provide a degree of protection. Raina and I have discovered the trick isn’t so much to stop the dogs as it is to provide them with “paths of least resistance.”

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I’ll update as the project progresses. I’ve also included some past reference photos below. Fun fun! Read the rest of this entry »

a new studio, a new home