Home and Away Magazine by National Housing Trust

Home A WAY &

JULY 2017

l ISSUE 4

l The Modern Kitchen l Smart Home Security l Netflix and Chill l Tiny House, Big Living l More Hope for Home Ownership l Building on History

AN NHT HOUSING MAGAZINE

Home Awaits You! ...and NHT is here to help.

Ph: 876 929-6500-9 Toll free: 1-800-858-3219 (USA and Canada) 44-203-514-8816 (UK) Email: wecare@nht.gov.jm Website: www.nht.gov.jm

National Housing Trust, 4 Park Boulevard, Kingston 5, Jamaica, WI

EDITORIAL

- The Editorial Committee

illennials (also known as Generation Y) are the demographic cohort following Generation X. There are no precise dates for when this cohort starts or ends, however, demographers and researchers typically use the early 1980s as starting birth years and the mid-1990s to early 2000s as ending birth years. Millennials are living differently. They are trading stability for experience. They are seeking community more than luxury. They are delaying marriage, career tracks and all other forms of settling down. They are putting in the work to actually realise the graduation cliches; following your dreams, building the future, living an authentic life, and having a purpose greater than themselves. Thereâ&#x20AC;&#x2122;s no doubt that this group has had an impact on the housing market. Because they are opting to living differently, we in the housing industry will have to look at housing differently. There are however some challenges. Rent is too high. The community spirit millennials felt on college campuses is much harder to find as a twenty-something in the city. Moving to a rural area where there is land and cheaper housing, is not exactly their style yet a mansion in the city, is not exactly a reality.

This edition of Home and A Way Magazine is geared at understanding this mismatch between the changing lifestyles of our contributors in particular our millennials and current housing realities. Limited, out-dated and expensive housing options have led to a renewed interest in housing innovation. The result is that people are looking at options to keep rent low such as starting home ownership sooner and pooling resources to create their own community. The magazine examines phenomena such as the tiny house movement in places like New York which has taken the internet by storm. Is it likely to hit here in Jamaica? What about Smart Homes? Integrating technology in security and making that small space seem big? This edition of Home and A Way has driven home the point that the local housing market must respond to two things; understanding the needs of this generation better and creating policies and programmes to suit their needs. Home and A Way magazine, Vol. 4 is a think tank to spur and organize ideas around these two imperatives.

Happy Reading Dwayne Berbick

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Executive EditorS:

Niel Miller, Hortense Rose

NHT Writing Team: Dwayne Berbick (Editor), Rochelle Bonitto, Shauna-Gae Clarke, Cherton DaCosta, Tameka Hill, Patricia Martin-Robinson, Jillian Warren, Cordell Williams-Graham, Kashmane Golding

Special Contributors: Cherine Anderson, Shedina Powell, Jason Robinson, Dionne Rose

COMMUNICATION INTERN: Lij Smith

Photography: Kimroy White

Sales and Advertising: Eileen Dunkley-Shim eadunkleyshim@gmail.com 855-9081

NHT Sales and Advertising Coordination: Anthony Alleyne

Design and Layout: Sutherland Wade Associates Limited NHT Graphics support

Printers: MAPCO Printers

Publisher: National Housing Trust, 4 Park Boulevard, Kingston 5. 929-6500 www.nht.gov.jm , wecare@nht.gov.jm

writing prior to reproducing any article within Home & A Way.

2 4 12 16 22 26 29 30 33 38 42

48 51

58 62 66 72

Editorial Messages

CONTENTS

credits

Smart Home Security

Saving Big on Smart Homes

An Amazing Millennial to Watch Building on History

More Hope for Home Ownership Lucy 2.0

Let's Make the Best of a Nest Netflix & Chill

On the Hunt: How to navigate the housing market as a millennial The Home Gym Mom, Dad, Is it Ok if I don't move out? His Dream, It is his Dream The Modern Kitchen Tiny House, Big Living

Purchasing a Property Sooner than Later is Beneficial

NHT and JDF restore Curphey Home

Is Jamaica ready for the Tesla Solar Roof ?

75 77

MESSAGE

AMBASSADOR DR. NIGEL CLARKE

NHT CHAIRMAN

e at the NHT have long come to a realisation that millennials are changing the housing market.

One of the more obvious ways young people are impacting the residential real estate market is based on the sheer size of the cohort. In a few years, it will create a massive demand. There are two sides to this phenomenon however. Some are of the opinion that millennials are more likely to rent than buy, although they aspire to own homes in the near future. Strapped with higher debt due to student loans and struggling with lower starting incomes, they tend to hold off on big commitments such as marriage and home ownership. On the other side, their eagerness to get ahead in life will see some millennials opting to take on some of the big projects like home ownership early. As apartments become more expensive to build due to rising construction costs, homeowners have started making trade-offs between size and location. As a result, demand for studio units has been strong. The NHT has been preparing itself for their demand.

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Our 2016-2020 housing plan will see the NHT starting at least 15,000 housing solutions across Jamaica. The Trust is well on its way, with ground broken in over seven areas for construction of houses and the development of lots since the start of the year. In addition to putting housing solutions on the market, the Trust is actively reviewing its policies to put home ownership in the grasp of as many of our contributors as possible. Our young people are not being left out. This includes more attractive interest rates, housing designs and allocating solutions in our schemes for young professionals. We have also given thought to have greater diversity in the types of units the NHT puts on the market to cater to the needs of different segments of our contributor base, including millennials. Undoubtedly, this new generation of workers and prospective homeownersâ&#x20AC;&#x2122; different purchasing and lifestyle habits are challenging the old models of real estate. We at the NHT stand ready to assist in meeting their needs.

MR. MARTIN MILLER

MANAGING DIRECTOR

ou can’t hide from the links between millennials and home ownership. I find, however, that we tend to oversimplify the message. What’s certain is that millennials are getting ready to jump into home ownership. Whether now, or in the near future, home ownership weighs heavily on the minds of young people.

I must therefore commend my NHT staff for helping young people to look more proactively at home ownership. The magazine team has taken time out to research and prepare articles on the opportunities for young people in housing, and the different features they can add to their homes to make them more suitable to their lifestyles and needs.

The attention to the housing choices and needs of young people is justifiable. This generation of persons; roughly aged 18 to 34, are gradually surpassing their previous generation (the Baby Boomers our Generation X) in size and will soon become the nation’s largest generation. This means they are the prime targets for homeownership even if they have no immediate plans to own a home.

There are no easy solutions to increasing home ownership opportunities for young people who also have to contend with challenges related to student debt, access to credit and wage and employment growth. However, it is important to continue to guide them with information on new housing that is affordable to more moderate-income homebuyers. Home & A Way Volume 4 does just that.

The fact is, home ownership is not a decision made overnight, or in a few days or even weeks. It requires careful planning. This will put the prospective homeowner in a better position when they are ready to buy if they do the necessary preparatory work.

Whether you are a millennial, or know someone who is, I encourage you to digest this information and use it to inform your home ownership quest, or share it with someone who can benefit.

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Cashew Grove

!!! The Estuary

Caymanas 2

Caymanas 1

Darliston

Meadows of Irwin

Barrett Hall 1

Friendship 2

Dry Valley 1

! Windsor

Friendship 1 Perth 1A

Perth 2 ! !

¯ Heathfield Palm Estate

Eltham Farm

1:590,000

By March 2020, the NHT will have started work on approximately 15,000 housing solutions. With the Trust pursuing further public private partnerships, the expectation is that this number will significantly increase.

Galina

Ruthven Road 1

Vineyard Town

Mona Common

Arnold Road

!Ruthven Road 2 !

Ruthven Road 2

Maxfield Park

Rasta City

! !Majesty ! Gardens Phase 1A

White Wing (10 Olympic Way)

Mona Common

40 Kilometers

During the first year (2016/2017), the NHT started work on approximately 3,060 solutions; and for the 2017/2018 financial year, the NHT will start construction on another 5,737 housing solutions. Completions during FY 2017/2018 is slated to number 1,682 solutions in St. Andrew, St. Catherine, Clarendon, Manchester, St. Elizabeth, Westmoreland, Hanover, and St. James with the total housing expenditure annually budgeted at $28.6 billion.

Nashville

Rasta City

Hellshire 2

! !!! Vineyard ! Town ! !!

Ruthven Road 2

Caymanas 2

! !

Hellshire 3

Twickenham Park 4

Mary FieldCaymanas 1 ! ! !! !

Colbeck Castles 3 & 4

Sevens 1

! Colbeck Castles 1 & 2 ! Longville 2A !!Longville 3A (Housing Units)

Jacksonville

Monymusk Country Estate

Longville 4

Sheckles 1Sevens 2

Ebony Park

Minard

! ! Sheckles 2 !

NHT HOUSING PLAN PROJECTS

Barham

Shrewsbury

NATIONAL HOUSING TRUST HOUSING PLAN PROJECTS

Yeast Plant

Fontabelle ! !

Masemure

Winchester

Industry Cove

Negril Spots

Eltham Farm

! Twickenham Park 4

Green Village Country Club

! !

NHT Housing Plan Projects

Legend !

M J K

W B L s

T m p o t t

S P

YOUR DOOR TO

ew Beginnings

MORE THAN JUST ANOTHER KINGSTON ADDRESS WIHCON introduces The Lofts Apartments, Your Door to New Beginnings. Both its location and its aﬀordability make The Lofts a highly valued development and one of the most sought after housing solutions in Kingston. The Lofts is surrounded by historic buildings and their modern counterparts, attributing to this residential property’s attractiveness and sets a refreshed perspective on urban living. The area has rapidly become a beacon for the informed investor to include in their portfolio or simply to settle and enjoy living in this metropolitan area.

In addition to being in close proximity to theatres, galleries, restaurants, civic centres, numerous commercial and recreational hubs, The Lofts boasts its prime landmark as The National Stadium, Jamaica’s symbol of pride, world records and a myriad of other achievements. It’s the context within which the Lofts is sited which has inspired the first class vision of this modern development. Quality extends into each unit, which is modern yet filled with character. This makes The Lofts stand out from the crowd with first rate construction and premium designs. This gated community comes with the convenience of 24-hour security, underground parking, a clubhouse with a gym, a tennis court and a jogging trail geared towards holistic living. High level views tell a scenic story of Kingston’s waterfront, highlands, commercial and civic sprawl. The Lofts is fresh, stylish and timeless, allowing you and your new home to grow together. It’s no wonder the Lofts is, Your Door to New Beginnings.

Studios Pre-construction Prices Starting at - JMD $11,566,600* The Dormer Studio - no balcony - 578 sq ft The Gallery Studio - with balcony - 627 sq ft The Beecham Studio - with balcony - 728 sq ft Features:

15 Haining Road, Kingston 5 1(876) 754-7008 1(876) 922-6670-9 sales@wihcon.com

www.wihcon.com

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Product Feature

SMART HOME Y T I R U SEC

magine being notified the moment someone attempts to break into your home. Not by a phone call or your neighbour but via a notification to your phone. Go a step further; imagine being able to see in real time, a burglar breaching your security arrangements. Scary isnâ&#x20AC;&#x2122;t it?

Or perhaps not. The thing is, technology has drastically altered the way we protect our homes. What was previously mere figments of our imagination from a Sci-Fi movie such as X-Men, is now the reality of many individuals. The digital revolution has made its way into our homes and into our lives.

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But how has this technological revolution manifested itself? Hereâ&#x20AC;&#x2122;s a little insight.

1. 2. 3.

Real Time Monitoring: Remote monitoring is a second set of eyes on your home while you are at school or work. Whether you are on vacation, on the beautiful seven miles of white sands in Negril or skiing across the Alps, with reliable internet access you can still receive real time videos and photos of what is going on at home. Some of the systems on the market allow you to arm and disarm security systems, send fire or intrusion alerts, and stream security camera feeds. Not a bad investment isnâ&#x20AC;&#x2122;t it?

Smart Door Locks: This has been heralded as one of the simplest yet most effective in home security technology. These locks can detect your presence automatically, using Bluetooth in your smartphone or to unlock your doors for you. The better smart door locks on the market connect to your home automation system if you have one and link with other devices in your home. In fact, all your smart technologies can be integrated into one central system to manage your home security and yield greater energy efficiency. Smart locks may take the form of Bluetooth locks or Wi-Fi locks so you would want to weigh the pros and cons of each and see which works best for you. Bear in mind however, while Wi-Fi locks may offer more functionality, they are more vulnerable to online security breaches.

Home Sensors: There are numerous premium home security kits available that will be able to sense your presence and open or close the door automatically. Home sensors can be installed on doors and windows and use motion detection, winks, and waves to determine your identity. They can be controlled from a smart phone or tablet easily. Additionally, home sensor kits detect movement in hallways and rooms. When armed, motion triggers will be sent to your smart device by text or email. This way, if anyone attempts to break in, you will be alerted right away. Many home sensors also feature indoor sirens that provide visual and audio warnings when an unusual event occurs.

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Product Feature

Garage Systems: Smart garage systems make access in and out of your home easier. Not to mention safeguard your motor vehicle. They are easy to install and only require the presence of a telephone provider in your home. An app on either your iOS or Android device, allows you to determine who gets in and out of the garage when you are not at home. Forget hiding the key under a rock, under the mat or an obscure potted plant. More advanced systems will also let you know how long the garage door has been open, and come with motion sensors to protect young children and pets who might be crossing in or out of the garage while the door is being closed.

Fingerprint Scanners: This is definitely where the future meets the present. Once a fantasy for sci-fi lovers, fingerprint scanning is now becoming available to anyone of any socioeconomic background, as long as you have a smart phone or tablet. While the technology is still blossoming, fingerprint scanning devices are quickly gaining momentum. Fingerprint door locks are also becoming popular, and could be a good alternative to the aforementioned WiFi or Bluetooth door locks.

Smart Cameras: Most individuals may have experience in this area. Home security cameras are amongst the cheapest of technological devices used to safeguard your home. They are also easier to install and smarter than ever. Coupled with Wi-Fi connectivity, you can stream live feeds of what is going on at home easily. You can also save these feeds to the cloud so you can review them later, should there be a need to or pass them over to law enforcement officers where security breaches occur.

Given that the smart home industry is still in the

rather than getting caught up in wondering what

relatively early stages of development, you can

platform to pick.

expect it to keep growing rapidly. That certainly makes it an exciting and innovative time for

My advice? Start with one device -- put a camera

connected home security, but it also makes

near a door or install a connected lock. Once

it more difficult to sort through the options.

youâ&#x20AC;&#x2122;ve tried that out, youâ&#x20AC;&#x2122;ll have a better idea of

Your best bet, particularly in the DIY market, is

what you want if you decide to add additional

to focus on solving specific security problems,

products later on.

Sources: www.huffingtonpost.com, www.cnet.com 1 4 H O M E & A W AY

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Expert Article

$aving BIG on

Smart Homes

tâ&#x20AC;&#x2122;s a topic this magazine has touched

a cell phone or any other device, to the sensors

on before but when we learned that the

that control temperature and humidity in the

Jamaica Public Service Company (JPS),

house. Oh, and did I say motion sensor LED

West Indies Home Contractors Limited

lights?

(WIHCON) and G-Network Solutions had partnered to bring Smart Homes to the

It seems homes are getting smarter; being able

Meadows of Irwin in St. James, we had to go

to offer greater convenience to their owners

take a look.

and saving them a few dollars as well, given the level of energy efficiency and conservation

And there was much to see.

these homes yield.

From the outside charging port for an electric

The smart home is a WIHCON/JPSCo initiative

vehicle, the home security system with an

which brought to reality the future of housing

intercom that allows entry and exit remotely via

in Jamaica. Aisha Campbell, General Manager

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for Development at WIHCON, says “using

off or unplug a device. Now imagine that light

technology as the key driver, this home

switch being turned off automatically when

integrates automated security, lighting and

you leave the room or just all the electricity in

audio visual features which can be controlled

the house grinding to a halt the moment you

and monitored via a desktop computer or

head out the house for work.

mobile device.”

“this home integrates automated security, lighting and audio visual features which can be controlled and monitored via a desktop computer or mobile device.”

The Loxone Smart Home does that, which is what makes it of importance to JPS. As part of its “Re-imagine Energy’ campaign, the light and power company is looking to influence costumers behaviour in how they use energy. “Our customers want unique solutions and as we embrace the convergence of electricity and technology we are getting ‘smarter’ in how we do business. From smart LED

A smart home offers intelligent automation.

streetlights to smart city and of course, the

Project Manager from G-Network Solutions

Smart Home” says T’Shura Gibbs, Regional

Gary Hill says “it creates a central intelligent

Director for JPSCo’s Western Operations.

nerve centre, which is supplied via a Loxone server, from which all the appliances in the

She adds that “the Smart Home puts the

home can be controlled.” He said that up to

power in the hands of our customers. The

128 devices can be connected and controlled

Home can be tailored to individual needs,

from the system.

whether it be security, entertainment or comfort. For JPS, the most important thing

If you think about it, each device in the home

is energy efficiency as the customer now has

has its own switch, its own socket, its own

the power to control their appliances from

controls; the systems allows you to manipulate

anywhere in the world.”

each from a desktop computer or even an app on your smart phone.

Beyond energy efficiency, the smart home is able to respond to other things around the

For some it sounds lazy, but think about the

house such as weather conditions, security

times you have been too lazy to get up to turn

breaches and even leaking water pipes. Yes,

off a light switch or can’t be bothered to turn

a Loxone Smart Home can tell where exactly continued...

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Expert Article there is a leak in your home. “The home

JPSCo has achieved this goal” Mrs Campbell

represents not only smart but also sustainable

adds.

solutions” says Aisha Campbell, at WIHCON. WIHCON constructed the Meadows of Irwin

As with most technologies, it may cost a

development in St. James, and are pioneering

little up front to get you up and running.

the Smart Home concept to its customers.

The advantage of the system supplied by

“The home represents not only smart but also sustainable SOLUTIONS”

G-network solutions is that there are different packages with different aspects of the Smart Home feature based on individual taste and pocket. It’s also modular, so you could start with one room and add more features over time.

“Homeowners will be able to customize their home to include the features that best fit their

Whether you’re on the cutting edge of

respective needs. The future of housing for

technology or a slow moving digital migrant,

WIHCON is about creating convenient yet

you can take your dumb home and make it

sustainable options for our homeowners and

controlled, intelligent and smart!

the Smart Home done in partnership with

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Feature

An Amazing Millennial to WATCH! By Cordell Williams-Graham

mazing is one word which can be used to effectively sum up

With such a background, it seemed almost

the life journey of decorative

inevitable for him to step into the world of

construction

construction. However, while his summers

mogul

Yannick

Sharpe.

were taken up with construction, his days were spent at the Port Authority of Jamaica

As the relative of Micheal Millwood of Millard

where his mother worked as an administrative

Developments, it was hard to escape the pull

assistant.

of construction. As Sharpe recounts, while most teens spent their summers climbing

This maritime influence seemed a stronger

trees, going overseas or to the country, he

pull and Yannick responded to the call of the

spent his working on construction sites in

sea. After completing his stint at the Ardenne

Kingston.

High School, he went on to pursue studies at the Caribbean Maritime Institute in his quest

â&#x20AC;&#x153;I was always amazed at how my uncle and

to become a Marine Pilot, one of the highest

his team could transform literally nothing into

paid professionals in Jamaica.

somethingâ&#x20AC;? Sharpe said as he recounted how his uncle turned empty lots into some of the

Call it fate or destiny but his work at sea

most beautiful and luxurious apartments.

took him on voyages across the world which

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"Engineering your dreams with us..." - Amazing Concrete Finishes

expanded the geographic borders of his exposure to construction and reignited a spark quenched by the Atlantic and Pacific waters. “I was literally blown away by the phenomenal works of art and the striking look of the concrete walls and floors” Sharpe said as he recounted strolling through the halls of the Taj Mahal in India and the Palm Islands in Dubai. "I was determined to take this breathtaking style of construction back home and make an impact in the Jamaican and Caribbean construction industry." This led Sharpe to quit his then career focus, get certified in construction management and go in the direction of his early passion of construction. Today at only twenty six years of age Sharpe is the CEO of Amazing Concrete Finishes, a Decorative Concrete Company which transforms concrete into beautiful canvases of art. “Decorative concrete is an uprising and more affordable trend in Jamaica’s construction industry. This technique involves staining, painting, polishing or adding toppings to concrete to create beautiful finishes, bringing life and colour to concrete floors, driveways, pool decks, walkways or walls making continued...

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Feature

maintenance close to zero. We can make a concrete column look like marble, slate, wood or just about any other type of surface” Yannick said. After six years in business, the company is paving the way in decorative concrete and his work can be seen stamped, stained and or polished on the floors and walls of buildings such as the Moon Palace, Konoko Falls, Dolphin Cove and several apartment complexes throughout Jamaica. “The work we do modernizes and enhances the look of local architecture, cuts maintenance costs and raises property values and community pride significantly”, Sharpe outlined. “I am blessed to come full circle from where I started in my journey and I am always moved to see the looks on my clients’ faces as my team and I turn literally nothing into something” Yannick said smiling. Apart from the satisfaction on the faces of his clients, Sharpe identifies his ability to give back as one of the most rewarding aspects of his entrepreneurial journey. When he is not busy working for his clients, this millennial gives his time and talent to outreach projects such as Project Kase which is geared towards renovating schools across Jamaica and 360 Recycling which engages Inner City youth to improve the Jamaican landscape through recycling and construction. When asked what he envisioned for the future, the Scotia Vision Achiever and member of the Young Entrepreneur’s Association said simply: "Our vision is to make concrete great again!" His transformational work with concrete, his philanthropy and promising vision for the future of decorative concrete is therefore what makes Yannick Sharpe nothing short of An Amazing Millennial to Watch! l

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NHT Feature

BUILDING ON

HISTORY

ontinue straight man an’ when you reach the third fourth road turn left” said the burly taxi man to a bus full of confused writers of the NHT Home & A Way magazine. But we were in his territory; who

were we to doubt his very precise directions? But sure enough when we reached the ‘third fourth road’ (we later figured out these were intersections), and turned left, we could almost immediately feel our entry into the time capsule of Shrewsbury that has been well preserved. What we didn’t feel, we saw, such as buildings with their thick walls keeping out intruders as much as it was protecting what lay on their inside.

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For the last 40 years the National Housing Trust (NHT), has been travelling the length and breadth of Jamaica making home ownership dreams a reality. While the NHT continues to build a lasting legacy for decades to come, often times it finds itself in a community that has already made history. Such is the story of Shrewsbury in Westmoreland. The lands earmarked for development by the NHT, forms part of the Frome Estate. Today, there is still evidence of its sugary past which the NHT aims to protect. A Great House still exists on the site along with an old tank which residents said at one point provided water for the entire community. “It collect di water from the Roaring River man and bring it go way up the road” said the man who had casually joined our team and appointed himself our personal tour guide. His familiarity with the property was beyond helpful, telling us the different phases the land has gone through and the healing properties said to exist in the Roaring River (called the Rolling River by some) which flows through the corner of the property via a broken aqueduct. Its water cascades along the side of the road, goes underground and roars further into the community on the other side. On the property as well is a majestic cotton tree. It is said to be the oldest cotton tree in Jamaica. Some say it may even be the oldest cotton tree in the Caribbean. Forget the haunting stories you may have heard about cotton trees. From our visit, we didn’t observe anything supernatural. Just a tree being a tree; standing proud. A little eerie yes, but proud.

continued...

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NHT Feature

These features provide quite a picturesque

The upcoming development is not the NHTâ&#x20AC;&#x2122;s

backdrop for the community that will be

first foray into the community. Shrewsbury,

started at Shrewsbury when the NHT hands

Phases I, II and V delivered 615 solutions to

over the development.

the parish. The new development forms part of a total of 1,803 housing solutions that will

The NHT, in a Joint Venture with SCJ Holdings

be delivered in Westmoreland between 2017

Limited, will be developing 61 solutions on the

and 2020 by the NHT.

site. The project which is to cost approximately $120 million dollars is slated for completion in October 2017.

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The NHT, continuing to build on history. l

NHT News

More Hope for Home

Ownership

1. Improved Home Grants: •

As of July 1, 2017, NHT Home Grants will increase from $1.5 million to $2.5 million • Two contributors can benefit from a maximum Home grant of $5 million for one property • Home Grants are available to NHT’s lowest income contributors earning below $12,000 weekly and who have been contributors for at least seven years.

Effective July 1, 2017, some new NHT loan

2. Grant for Persons with Disabilities:

applicants will benefit from improvements

•

in Home Grants and 100% financing for NHT scheme solutions. There are also special benefits for persons with disabilities to include reduced interest rates and a special grant to assist with retrofitting. Conditions apply. The policy changes were announced by Prime Minister the Most. Hon. Andrew Holness during his 2017/2018 budget

A special grant of $150,000 will be made available to NHT mortgagors who are disabled to retrofit their property • The grant may also be made available to mortgagors who are responsible for relatives who are disabled (e.g. spouse, children, siblings and parents). • The individual with the disability must be residing at the mortgaged property and registered with the Jamaica Council for Persons with Disabilities

3. •

•

Reduced Rates for Persons with Disabilities: As of July 1, 2017, NHT contributors who are disabled and earn $30,000 per week or less, will access a further 2% discount in interest rates These borrowers will now benefit from an interest rate of 0% down from 4%

presentation.

4. • •

5. • •

100% Financing of NHT Schemes: As of July 1, 2017 NHT contributors purchasing units in NHT schemes will benefit from 100% financing Contributors will be able to access this incentive subject to their affordability Other Policy Changes: Other policy changes announced by the Prime Minister took effect on May 1, 2017. These include: Increase in House Lot loan limit from $2 million to $2.5 million Increase in Home Improvement loan limit from $1.5 million to $2.5 million

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Feature

LUCY 2.0 Lucy

By Tameka Hill

- I couldn’t see myself parting

from her. She was there for me during my postgraduate studies. Many times I woke up with my book on the floor and I was curled up in her ‘love’. She cushioned my head as I cried over my breakup for the 50th time. She was there when I got a job change and jumped up and down in excitement. My Lucy was there. But now, she had grown old; she showed years of wear and tear and it was time for my sofa and I to go our separate ways. So strong was my attachment to Lucy that I decided that rather than dispose or sell her, I would instead have her reupholstered. Turns out, the options were many, especially in Spanish Town were the roads are riddled with signs, words boldly written in red- “Furniture Upholstery done here.”

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I wanted to ensure that the quality was maintained, so I did my research. I looked through images of businesses’ workmanship and read all their

Lucy Before

customer reviews. Ricardo Chambers of Express Furnishing was my choice. He was welcoming and understood the sentimental value attached to a sofa which padding had been worn and its corners torn. As I showed him my new design, my fears were heightened when he exclaimed, “wow!” The problem is I have often been told my taste is bigger than my pocket and I wasn’t sure he would view it as unrealistic. As he echoed that small three letter word, my heart sank, I asked, “can you make it?” “Absolutely, it’s lovely,” he said with a broad smile. Ricardo, a university drop out who started his business two years ago, expressed that he has never told a customer “you can’t get this (design) because it is only wood and fabric and you can do anything with that.” Whilst he is open to design ideas from his customers, he highlighted that most of his clientele give him free creative rights, simply only guiding him with colours and themes. He said one of his proudest moments to date was building an outdoor furniture set for a client who, on receiving it, cried tears of joy, absolutely impressed with the design quality. continued...

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Feature

Lucy After

Chambers explained that this level of

Chambers noted it is his passion for his job

creativity comes not simply with practice but

and his daughter that keeps him going. A

with a great deal of research and preparation.

passion which has been channeled to his employees who he said are just as zealous in

“Every day I read and I look on google for

their job as he is.

ideas and when you do that it opens your mind, so when someone comes to me for

“Somebody once said that you never work

a design, I have so many images floating

a day in your life if you love what you do

around in my head to offer,” he said.

and we love what we do. Even the guys here are always excited about a new design

The Express Furnishing Boss, who’s most

and sometimes will end up working all night

frequent requests are custom made sofas

just so they can see the finished product, all

and sofa reupholstery, said most persons

because we love what we do,” he said.

have been changing the décor landscape by coming up with clean and contemporary

As they delivered Lucy to me, I was nervous,

designs. He highlighted that a change in

this was it… When I unwrapped it, I felt like a

your sofa design completely changes the

child again getting gifts under the Christmas

look and feel of the space.

tree. My eyes filled with tears, I sat and had Lucy caress my rear, it was Lucy, just in a

While he identified that one of the pitfalls

different form. I had ended up spending 3

of having your furniture custom made or

times less than I would buying a new sofa and

reupholstered is waiting time, he believes

still kept my old sofa. I will always remember

that the options you have available to you

what she looked like, but I am happy with

in your selection of what you want is a plus.

this new look and know that this is my Lucy

“Also, you get what you want and can

2.0. l

customize it to theme or colour format of your house and that is always a bonus,” he said with enthusiasm.

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Feature

Let’s Make the Best of a 'NEST'

-By Rochelle Bonitto

hether you are a young person who has purchased your first starter unit or a retiree who has downsized to a more conducive space, the fact is, at some point in life, many of us have encountered a ‘Nest’. For the sake of this article a ‘Nest’, refers to a small space or area in a home, which really should have been big for many reasons inclusive of functionality. Making the best of your ‘Nest’ requires you to see the cup half full rather than half empty. It requires you to look beyond what you see. Simply put, it requires a vision. So yes, it’s a ‘Nest’ and it can be discouraging, as it can feel cluttered and uncomfortable. Ever so often we seem to think that if a particular space is too small, there isn’t much to be done with it. The truth is everything counts in a small space and many things can be done to relieve you of that cluttered feeling. Well, I agree it’s a challenge, but the first thing to do is to start by making it seem ‘BIGGER’. Here are some easy tips to add some area to your Nest, and whilst you do these things your small space will also get its own character. Here are easy tips, use them the best way you can. continued... H O M E & A W AY

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Feature

1. Lighting. Natural lighting sends a signal to the brain. A large window that allows for natural light tells the brain that you are not in a small space.

2. Furniture. Use furniture that is raised on legs. Raised furniture gives an impression of space. Try to use glass furniture like tables and chairs, which helps to create the illusion of a larger space. Use some furniture that has the same colour as your wall. That technique will help to widen the space as the furniture would most likely be in different areas of the room. Try not to place all your furniture against the wall. Furniture placed at an angle in the room gives that element of space. Also use multifunctional furniture, meaning those with dual or more purposes to make the space functional even though it is small. It is true that most people tend to put small furniture in small spaces, but in the instance of a book shelf or any other form of ‘wall hugging’ furniture, one can safely allow this type of furniture to extend to the ceiling. This creates the illusion that the space is very tall, thus spacious.

3. Mirrors. Include mirrors, mirrors help to create a reflection, the reflection will make the room appear spacious.

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4.Exposed Shelves. Do not fill all shelves. By allowing the space to remain on the shelf, it is giving the ‘Nest’ a less clustered feeling.

5. Desks. In cases of those ‘Nests’ that are being used as offices, or part thereof, use fold in or built in desks. Desks that can be folded away helps to keep the space functional yet less cluttered.

6. Drapes. It is always good for the drapes to be the same color as the paint on the wall. Having the same color drapes will give the impression of a bigger space.

7. Ceiling. Use your ceiling as your accent. Sounds crazy, but for a small room, when the attention is diverted to the ceiling it gives the illusion that the room is bigger than it really is.

8. Windows. Leave your windows uncovered if you can, so as to create a sense of depth.

9. Flooring. How about a striped floor? Stripe floors will make the room appear endless.

10. Artwork. Despite what others may think, a single large piece of artwork is all you need in a small space to make it fancy. Sometimes in an effort to give the space character we tend to crowd it with tiny pieces of artwork. That simply adds to the crowded feeling, one large piece of artwork will do.

There we have it; some of the most creative ways of creating an illusion of space in your nest. Do you still feel challenged? If you do, then itâ&#x20AC;&#x2122;s a great challenge! Have fun, making the best of your Nest!!! l

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NHT News

NHT happenings...

1. s (Above) The Rubies:

Prime Minister the Most Hon. Andrew Holness (centre) and NHT Managing Director Martin Miller (third right), shares the stage with NHT staff who have served the agency for 35-40 years. They are (from left), Junior Folkes, Keith Clarke, Joan Waller-Walker, Noileen Junor and James Hewell.

s (Above) Prime Minister the Most Hon. Andrew Holness (centre) leads the ground breaking for 32 Serviced Lots at Darliston in Westmoreland. Also photographed are NHT Chairman Ambassador Dr Nigel Clarke (third left); Member of Parliament for Westmoreland Eastern Luther Buchanan (third right); NHT Senior General Manager, Construction and Development, Donald Moore and contractors for the project.

s (Above) NHT Chairman Ambassador Dr. Nigel Clarke has a chat with West Indies Home Contractors Limited, WIHCON General Manager Aisha Campbell. The NHT will deliver 1500 one bedroom, detached, expandable units in a joint venture agreement with WIHCON at the Estuary in St. James.

(Left) Prime Minister Andrew Holness breaks ground for 106 serviced Lots at Masemure in Westmoreland along with NHT Chairman Ambassador Dr Nigel Clarke second right); Mayor of SavLa-Mar His Worship Councillor Bertel Moore (right); Member of Parliament for Westmoreland Western Dr Wykeham McNeil (second left) and NHT Managing Director Martin Miller (right).

(Right) Residents of Longville Park in Clarendon can now feel safer with the official opening of a police station. The project was undertaken by the National Housing Trust (NHT), at a cost of $98 million

Feature

By Shauna-Gae Clarke

and

CHILL!

rom going out as often as possible (on a meager budget) to the advent of social media, Millennials are always looking for ways to stay entertained and occupied where they would otherwise become bored

and withdrawn. The need to be constantly entertained is as such, that YouTube, Facebook, Twitter, Instagram, Snapchat and a host of other social media platforms see millions of individuals across the globe becoming subscribers each day. Even on the go, individuals seek entertainment at the slightest opportunity.

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Though

the

need

for

outdoor

fun

and

excitement exists, there is also a growing trend among Generation Y, in which these individuals are engaging in more fun activities inside the home. Filling the gap where entertainment is concerned, in terms of needing to be out of the house, is a thing of the past. Now, they simply “Netflix and Chill” - at home. The term “Netflix & Chill” was coined in 2009 by you guessed it, a millennial (NoFaceNina). The use of the term indicates an invitation to entertain at home, by watching a movie and relaxing or doing some other fun activity. So how do individuals and specifically millennials entertain at home? Here are a few interesting and cost effective ideas;

A POTLUCK This is a situation in which an individual invites friends over to have dinner. The twist though, is that each invited guest is required to contribute a special dish that is already prepared. Each contributed meal must be large enough to be shared among all the guests. This is a very cost effective method of a dinner date among friends, where the need to visit a restaurant and spend a lot of money is eliminated.

GAMES EVENING This is an evening where a group of friends decide to come together at an individual’s home to play games. The host usually plans various games and fun activities for his or her guests to enjoy. Usually the host’s responsibility is to provide food and/or snacks as well. If the host has limited games and ideas, he/ she will ask guests to take one of their own. Again, this is a great way to reduce the costs involved to engage in this type of entertainment. Gaming lounges and other facilities of this nature would cost a group of friends more if they took that option. It is about hanging out with your favourite people and just having good fun – inside. continued...

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HOUSE PARTY Having a house party is another way you can provide entertainment without leaving your home. A house party can be small or large depending on your preference; a group of friends will gather at the home of the host for music, food, drinks and socialization. It is a lot less expensive to have a house party than to attend an official event where you would have to pay to enter, along with purchasing expensive food. So turn on some music on your radio/computer, add a few snacks and drinks and enjoy – while you save.

MOVIE NIGHT Going to the movies is becoming increasingly expensive. Having to purchase tickets, transport yourself to and from the movie theatre and having to purchase food and drinks can put a strain on the pocket. Still, who doesn’t love a good movie? Here is a solution for the movie lovers that will help to reduce costs; Watch movies at home and while you’re at it, invite some friends over. You can watch your favourite and latest movies by subscribing to movie streaming services like Netflix or other providers. Some websites even allow you to stream movies for free. Gather your friends, prepare some snacks, stream a movie and enjoy a night of fun.

There are many ways to entertain at home and you can come up with all sorts of ideas to add variety and spice to your day. The possibilities are endless. You will be able to save money as you have fun (Whatever you choose, include some food) and your friends will thank you for it too. l

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Expert Article

“I want it and I want it NOW!”

On the

HUNT:

How to navigate the housing market as a millennial. By Jillian Warren 4 2 H O M E & A W AY

AN NHT HOUSING MAGAZINE

is exactly how some people view the mindset of millennials. Being born in a period of advanced technology and spontaneity, it is believed the idea of “waiting” or “having patience” is foreign! Also, failing to achieve one’s expectation(s) in a particular time frame can become devastating, since this generation has had things granted by the snap of the fingers. You can make and purchase instant meals and access information in a matter of seconds, sometimes less, thanks to the internet. From instant music/movies on demand – iTunes; instant news – Yahoo, Facebook, Twitter, YouTube; Instant contact Snapchat and WhatsApp; instant money – ABM, Wire Transfer, you

FINDING THE RIGHT HOME: name it!. However, one thing that is not so instant is the journey towards one of the most important assets in an adult’s life owning a home. Acquiring a home can be a challenge for any age group in both developed and developing countries. Governments and trusts throughout the world are constantly seeking ways to meet the demand for housing for these members of Generation Y wanting to accomplish more in less time. For many, ‘coming of age’ no longer means it is time to pack and label boxes, counting down the days to ‘The Big Move’, but instead, a time to stay put, get a job and save on living expenses for a few years until they are able to afford a space they can truly call their own. The reality is many of our millennials have not had any or enough work experience, have no substantial savings and may not be able to secure funds to cover initial costs for deposit and legal fees to initiate the process. And even if they do, they may not be able to afford the monthly payments. To Generation Y, I say relentless worrying, ruminations or negatively criticizing existing systems will not help. Though you and probably most of your friends still live in a childhood room at the family home, it does not mean you cannot own your house soon, – BUT you do need a plan before you go house hunting.

I could agree with Helen Rowland that “home is any four walls that enclose the right person”, however, finding the right home is another matter. Having a good income or being a young professional is simply not enough. If you want to pursue your dream of home ownership, you need a plan. You must match your dreams with the realities around you by considering your personal position in order to successfully navigate the housing market as a millennial. You must consider:

(1) What

are your options? Of course this will depend on your personal situation or preferences. So whether you are interested in a studio, an apartment, townhouse, single family house, split level unit, semi-detached or just land, it is important for you to determine which option would be more feasible for you. Do you own land for yourself? Do you have access to or permission to develop on family land? Consider those questions. Consider as well Strata properties with shared amenities; gated communities with additional/shared maintenance costs, those that are not gated, but have some restrictions in order to maintain uniformity with the ambience of the development; as well as private property with full responsibility for maintenance/upkeep – all within the policies and guidelines of the respective Parish Councils and Associations of course! continued...

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Expert Article Do a reality check. What is really happening in the housing industry? This is so important. Be careful not to over-extend yourself to mitigate against any probable change in the economy or your personal situation. So, look at what is available on the market or otherwise – where are they located; where are they available and by whom (google search even). Think about whether you would want to live there or could it be viewed as an investment you can later convert into your ideal space. The possibility of subletting the property, or a part thereof, is also a good way to reduce the cost to you and ultimately – “paying for itself ”, while increasing in equity. For some, short term vacation rental may be an attractive alternative too which has become an extremely popular business worldwide.

(2) How

will you finance it? Now it all depends on the resources available to you. Firstly, the option of an interest free loan from a family member is fast becoming a thing of the past. But if it’s available take it. You want to, however, start a saving plan or take a loan from a financial institution. The amount you will be able to afford will depend on your income and your ability to repay.

(3) What

are the housing finance options available to you? The NHT is always the best place to start. Find out how much the Trust will lend you and thereafter, if necessary, shop around and see which financial institutions to approach to assist you in topping up your NHT loan. Several initiatives have been put in place by the government of Jamaica to assist with increasing access to as many people as possible. These include reduced interest rates for specific categories of contributors, Home Grants and 100% financing for NHT schemes subject to affordability, aimed specifically to improve access to professionals with limited resources or savings.

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"When House Hunting, the NHT is always the best place to start." At the NHT a lot has been invested to help all contributing generations to find an option that may work for them. Let’s look at the menu of policies and initiatives provided by the NHT that you could probably mix and match to find a solution just for you.

POLICIES AND INITIATIVES PROVIDED BY THE NHT HOMEOWNERS LOAN Maximum $2.5M

Not subject to a selection process or points status, but must have contributed for a minimum of one year or 2 years if you are living and working overseas

Towards purchasing a house on the

OPEN MARKET\

HOME IMPROVEMENT

(HI)

Renovate, Expand, install fence, storm shutters, Solar Panels

NON-HOMEOWNERS LOAN

Maximum $4.5M/ $5.5M for new developments or construction

Must have contributed for a minimum of one year or 2 years if you are living and working overseas

SCHEME OFFERS

(Provided/sold by the NHT) 100% financing up to affordable loan limit/selling price Subject to availability and a selection process based on points earned from contributions over the years and income band

FIRST STEP

OPEN MARKET

(Not provided/ sold by the NHT), Not subject to a selection process or points status

Unit only at a cost of $1.6M (zinc roofing) or $1.9M (slab roofing)

BUILD ON OWN LAND (BOL)

continued...

OPEN MARKET LOAN (OML) Not subject to a selection process or point status

HOUSE LOT ($2.5M) INSURANCE BROKERS JAMAICA LIMITED

INSURANCE BROKERS TO THE CARIBBEAN Any challenge, any risk, anywhere

SERVICE LOTS (SL)

UNITS (Studios, 1&2 bedrooms) etc.

CONSTRUCTION LOAN (The difference between HL amount taken and maximum affordable loan limit)

www.cgmgallagher.com

27 Harbour Street, Kingston, Jamaica T: (876) 948 6995 F: (876) 948 7230 Locations: • Montego Bay • Ocho Rios

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Expert Article POLICIES AND INITIATIVES PROVIDED BY THE NHT continued... FIFTEEN PLUS

2nd Loan â&#x20AC;&#x201C; Maximum $1.5M Not subject to a selection process, but must have received your first loan 15 years ago or more and is still a contributor

HOPE

No longer the owner of the 1st house; to assist to buy a new property

HELP

To effect repairs to existing property

In addition to all the options here, there are some initiatives to enable the process of homeownership with the NHTâ&#x20AC;&#x2122;s assistance. You may combine your NHT loan benefit with another financial institution under the JFM [Joint Finance Mortgage] facility in order to obtain the amount you will need to build, buy or repair your home. It is also possible to get assistance with finding your deposit by accessing refund amounts that are not yet due to assist with the amount through the CRTD Loan [Contribution Refund toward Deposit]. For those who opt to build, there are preapproved building plans available for units of different types and sizes for House Lots and BOL applicants. Millennials, it is like moving from printed Maps to a GPS. Put in your coordinates, and plan your next move in your mission towards homeownership. l 4 6 H O M E & A W AY

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Expert Article

t he

Home

GYM

By Patricia Martin-Robinson

t’s probably too late to start working on this

for workouts”. Since it is proven that exercise

year’s summer body! Nonetheless, fitness

not only decreases stress but also boosts brain

should be a lifestyle, not just periodic.

power (webmd.com/2008), it only makes sense

According to the Centers for Disease

that if you won’t be able to make it to the gym,

Control and Prevention (CDC), “physical

then you should get moving at home. Before

activity saves lives and promotes health”.

deciding if a home gym is ideal for you, let us

However, there are some who may agree with

hear what the experts have to say.

this but find several excuses for not getting physical. Among those are ‘I’m too tired’, ‘I never

Two fitness trainers were interviewed for this

have the time’ or ‘gyms are too expensive’. The

article, namely Roy A. Fagan, employee of the

good news is there are two words that can help

National Housing Trust (NHT) and trainer at its

to alleviate those concerns – home gym.

Gym and Anthony Kepple from Sweet Energy Fitness

(Instagram

page

@sweet_energy_

Steadystrength.com defines a home gym as a

fitness_). Both trainers agreed that before any

“small convenient spot in someone’s home.

physical activity is attempted one must first visit

This [area] can replace going to a public gym

their physician for a checkup. With that out of

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the way, you need to set a goal and focus on

which may consequently lead to hiring a

the equipment that will help you to achieve

personal trainer. This will, no doubt, cause

that goal. New equipment may be necessary

their pockets to do some heavy lifting.

as goals are adjusted. Mr. Kepple highlighted that in storing the equipment, it is preferred

Risk of injury is another concern of these

that the area be child-proof.

trainers. Improper technique and form may prove to be dangerous when working out

Convenience and time efficiency head both

alone. Kepple opined that the lack of variety

trainers’ lists of advantages of the home gym.

in equipment may lead to boredom and that

Individuals who may be self conscious when

as you increase the number of equipment,

thinking about working out in public areas will

space may become limited. While Fagan

definitely prefer a home gym setting. There is

noted that if your equipment are not insured,

also the freedom to decide on the attire and

your investment would be lost, in the case of

the time one chooses to work out. Mr. Fagan

burglary.

pointed out that time spent on commute and waiting on equipment is eliminated and distractions may be lessened. Both trainers also agreed that the home gym would be

Kitchen

The following are a list of the five must have equipment in a home gym:

cost effective in the long run, as fitness should become a lifestyle. Though money can be saved over time, “the initial cost to set up a home gym may be pricey” advised Fagan. Additionally, you

Exercise mats are essential for the home gym. They provide the necessary cushioning when doing ground exercises such as yoga or abdominal routines; and can be rolled up and easily stored after use. continued...

will be left with the maintenance cost of the equipment

and any damages to your

home (walls, tiles, etc.). One of the biggest disadvantages of working out at home is shouldered by those who are extrinsically motivated. No drive equals no dedication,

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Expert Article

Treadmill, elliptical machine or stationery bike rank second on both lists. Though some may agree that the elliptical machine is more boring and unproductive, one study has shown that it increases the heart rate more than the treadmill.

Entertainment, energy and vibes are critical for any workout area. Dr. Jeanette Bicknell (psychologytoday.com/2013) informs us that several studies have proven that listening to music during physical activity can “delay fatigue and lessen the subjective perception of fatigue. It can also increase physical capacity, improve energy efficiency … influence mood… and [improve] endurance.” All the sweat and tears would be fruitless without a proper diet. Sasha Evans, Nutrition

Resistance equipments such as dumbbells and barbells. These add to your strength training routine. They increase muscle tone and can provide a “complete body workout” added Fagan.

Coach advised that if your goal is to lose weight then it’s important that you also look at the diet. Ensure that breakfast is a must and eat in small portions. Have at least three main meals and two snacks. Try to make your snacks fruits or vegetables or even a shake. Drink water throughout the day instead of juices and drinks. Eat within 3-4 hours apart. However, if you are trying to maintain, the same applies. Though

Variable Resistance Devices and resistance bands also provide strength training. “The common features of variable resistance training machines are the presence of cables, pulleys, or other devices to create variability” (faqs.org/n.d). The latter are ideal for a home gym, as they are inexpensive, compact and easy to store.

there is no need to be as strict with quantity, it’s very important to maintain breakfast and eating small meals frequently. You have done your checkup, research and diet plan. You are now well on your way to decide if the home gym is for you. Either way, since exercise enhances life in general, you need to get moving. So even if you are unable to start buying the more expensive equipment; you can follow me and start with your exercise mat, five pound weights, music and the Kayla Itsines Bikini Body Guide. l

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Expert Article

By Cherine Anderson

"Mom, Dad is it ok if I don't move out?"

ounds familiar? If your child was born after the early 1980s, you may be wondering if you

The Jamaican real estate market responds to first-time “millennial” home buyers

are stuck with them living at home, for life. The good news is, there are some who

Most renters and first-time homebuyers who fall

are motivated to take on the challenges of the

in this group are indifferent to the term. Though

world and will enter the real estate market as

parents of millennials sometimes refer to them

renters as soon as they graduate.

as lazy and lacking in ‘house’ ambition, most will tell you they are simply not ready to assume the

But there are those, who will still ransack the

responsibility of home ownership.

refrigerator at midnight, occasionally help to pay the most inexpensive bill, like the wifi, with

This is not the 'until death do us part' generation.

no plans to leave the nest anytime soon.

Many in this group have asked ‘Who wants to commit to a house for 30 years when you could

Welcome to the world of the Millennials.

outgrow the style or the neighborhood? continued...

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Expert Article What if the house is not faithful to your

Many were not averse to renting for a long

dreams and happiness? What if you change

time, but mentioned children or marriage

your mind, right?

could change their decision. Not impressed by being told what to invest in, they tend to

Nonetheless, reaching this group is particularly

be frugal and always require supporting data.

important to Jamaican businesses especially the mortgage and multi-trillion dollar real

As a realtor who frequently serves and enjoys

estate industries. Think about it, this group has

working with clients in this group, they

two important things that make them worth

accounted for 75% of the rental transactions

the investment - age and commerce.

I closed in 2016. Nonetheless, there was an increase in a number of single women, often

A recent survey conducted by mypowerliving.

those with at least one child who became

com revealed that of a group of 50 Jamaicans

homeowners last year.

between ages 21-36 years who are currently searching for a home, 82% hold a bachelor's

Contrary

their

parent's

degree or higher. Of the group, all started their

generation,

search for a home online, very technologically

getting married much later, and

savvy, owning at least one smart device. This

have redefined what stability

group was very analytical and tend to compare

and security mean to them.

and contrast property offerings online before

They are divorcing quicker but

they step foot into their first open-house or

not fully understanding the

connected with their realtor. The majority

implications of dissolution of

put great value in reviews when searching for

marriages and how it affects

the real estate companies and even financial

home ownership.

millennials

are

institutions they want to do business with. Nonetheless, millennials are Ninety-six per cent of the group is either

somewhat traditional in their

full time or self-employed with a median net

desire for home ownership.

monthly salary between $100,000 - $150,000

While the previous generation was fascinated

Jamaican dollars. When asked if they would

with living 'uptown' in the 'big houses' this

stick with their current job to ensure that they

generation craves convenient living and access

could meet their monthly mortgage and bill

to premium real estate particularly in Kingston

commitments almost 70% of the group replied

5, 6, 8 and 10. Modern fixtures such as granite

no, with several adding that their happiness

counter tops, walk-in closets, ceramic tiles,

mattered more.

high ceilings, and pools are showing up

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more on their ‘must have’ checklists. Where

The steady rise in housing prices mean it will

the entry price for brand new 1-2 bedroom

become more challenging to actually own a

apartment is somewhere around 14 Million

home and could take 5 to 10 years, depending

dollars, first-time buyers are opting to stay at

on the purchaser’s debt-to-income ratio.

home, while they save to purchase in 2 to 5 years.

My recommendations would be a lower cost of entry into the market, somewhere around

The challenge lies in coming up with the 10%

a 3 to 5% deposit to assist first time home

deposit and closing cost. Many depending

buyers to start the process. This would be

solely on NHT entitlements may find it

beneficial to both the purchaser and the

difficult to purchase a home in their desired

government - because with home ownership

neighborhood without joint ownership.

comes land tax revenue for as long as the

Let’s face it, a 10% deposit would mean

person owns the property. While Jamaican

almost 20% out of pocket, to include the

tax code can be difficult to understand, most

closing costs, which can range between 8.5%

Jamaicans want to know how the taxes they

to 10%. Most millennial first time buyers are

pay can allow them comfort as they do this

not buying cash. And, the few that are able

thing called life. Lower statutory taxes such

to afford this (less than 2%) are generally

as transfer tax and stamp duty could have a

assisted by parents or loved ones.

positive effect on the deposit amount needed to start the home buying process. continued...

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Expert Article

Additionally,

lenders

could

assist

reducing processing fees for home loans. This could potentially put back more than a quarter to half a million dollar in the home buyers hand to start their life. While I understand that lenders are in business to make a profit, the mortgagor is stuck with your institution for another 30 years, so there will be plenty opportunity to sell other financial products related to home improvement and repair. Oh, and should I mention reducing the interest rates? l

Cherine Anderson is a real estate entrepreneur and host of Power Living a real estate show that empowers renters, buyers, and sellers in the Jamaican real estate market. Along with her mypowerliving.com team, they provide free homebuyers seminars, conferences, and webinars across the island. She is a member of the Real Estate Association of Jamaica and holds a Certified International Property Specialist designation from the National Association of Realtors in the United States. Follow her for daily real estate news and trends @ mypowerliving.

Units at The Valhalla, Graham Heights. (BELOW)

5 4 H O M E & A W AY

AN NHT HOUSING MAGAZINE

“thank

NHT Feature

you!”

FEEDBACK

YOUR SATISFACTION: OUR GOAL

Ms. Russell/Ms. Thomas, I feel compelled to write you because of a most satisfying experience I have had dealing with the Trust via Miss Tiffany Buchanan. Recently, I had reasons to sort out issues to do with my mortgage payments at the NHT. I was referred to your Customer Service department and had a most pleasant and really satisfying experience dealing with your Ms. Buchanan.

To the staff at NHT New Loans Department, A little more than 7 years ago I visited the Montego Bay office for the 1st time. I went timidly having heard stories of people trying to buy houses through the NHT. To my surprise, not even shopping at the supermarket has ever been that smooth. The rep seamlessly walked me through the steps. It was amazing! I still maintain that it is the best transaction I have ever had to acquire a major asset.

She was very knowledgeable, patient, had an eye for details, well-spoken and articulate. In addition, she kept her promise to call me back and delivered on her commitments.

Great going NHT Montego Bay! E. Riley

I am aware that the NHT is a pretty well run organization. But I didn’t know you were all this good. I am amazed that a publicly owned and operated company could rival any of our best run private sector companies.

The National Housing Trust has made what seemed impossible, possible! I wanted a big house and I am about to get it.

Please nurture and continue to invest in your staff, in particular, Tiffany. Convey to her my congratulations.

I got the money to buy the land; it was a breeze to get the construction loan. They have guided me through processes I did not even understand.

Keep up the excellent work you are all doing at the NHT. Kind regards, C. Hughes To the staff at NHT New Loans Department, I want to thank you, especially Mrs. Tracey-Ann Wedderburn, for such professional service. You guys are a cut above the rest. This is the standard by which all organisations must be kept. Pleased customer, Ms. McKenzie Dear NHT, You have assisted me to accomplish a goal I didn’t know was possible while living overseas. I am very appreciative of what you have done for me. NHT is such a great place to conduct business. Because of you, I feel I am home away from home. Thank you kindly, N. Blake Reyes

Now, as a single mother, instead of spending excessively on certain items, I use my money to cover mortgage for a 2 bedroom house. Thank you NHT staff. Blessings always! S. Christie I wish to give recognition and express my thanks to the NHT team for their assistance throughout this whole process. There was great effort exerted to maintain communication with me throughout the whole period during which I was constantly reassured of a positive outcome Thank you NHT! Yours sincerely, H. Reid-Jones

News Article

JAMAICA MORTGAGE BANK

Diaspora Home Building Services

Imagine migrating overseas to increase the

your fist, hold your chest in disbelief and slowly

likelihood of being financially capable to build

fall to the ground. You suffer a heart attack because

your dream home. You eventually identify and

your trusted partner has defrauded you and taken

purchase the land, you get your plan drawn and

your life’s savings.

passed by the relevant Parish Council and conquer all other challenges at this preliminary stage. You

Sometimes the story is a little less bizarre: Sometimes

are now ready to build and you entrust a close

there’s an actual structure on your land but nothing

relative, or friend, with your financial resources

compared to your dream or the photographs you

in order that they may monitor the process, since

had been receiving. Stories abound of persons

they are ‘closer to home’. You ask for updates and

remitting funds equivalent to the cost of two or

receive more than just verbal assurances that

three houses having the dimensions and features

things are progressing well; your trusted watchman

of the one actually constructed on their lot. What’s

sends photos to corroborate his story. Months pass

often very troubling is that no sensible answers are

and you are continuously assured that: ‘everyting

ever forthcoming from their trusted agent/family

good man’! This, of course, is until you decide to

member/friend. And the excess or squandered

make a surprise appearance to have a first-hand

funds are gone, never to be recovered!

visual of your beautiful dream home; the one you had envisioned since becoming of age to have as a

Far too often, we read or hear of these horror

number one priority; the one you worked so hard

stories involving people from the Diaspora desiring

to build; the one you hoped to retire in. You arrive

to build their home, being scammed of their hard

at your lot but to your surprise, that is what still

earned life’s savings, usually by persons whom they

remains, a lot; void, empty, no place to lay your

trusted. The Jamaica Mortgage Bank has decided to

head, save and except for the dirt which had barely

put an end to this unfortunate practice. The Bank

been cleared to the rear of the property. You clench

has conceptualized a new product, the Diaspora

5 6 H O M E & A W AY

AN NHT HOUSING MAGAZINE

Home Building Services (DHBS) geared towards persons in the Diaspora who want to construct a house in Jamaica as a place they can call home or just a place to stay whenever they visit the ‘Rock’. The DHBS features the Bank, through its technical

• Final Accounts: The Bank will provide an evaluation and recommendation of payment for final completion; Certificate of Final Completion and a final Close Out Report.

Contributor: Shedina Powell

staff, managing the entire process involved in building your home up to, and including your turning of the key to enter and enjoy the reality of your own home. This is done through the following steps, assuming you already own the land on which

For more information contact

the Jamaica Mortgage Bank

you intend to build:

• Formulation – At this stage, you and the Bank determine what your precise needs are, e.g. if you want to build from an already completed design or if you need assistance with the design and construction of your house. Depending on your need, you are provided with a list of professionals/consultants which you may engage including: Contractors, Architects, Quantity Surveyors, Land Surveyors, Clerk of Works, Attorneys-At-Law, Land Appraisers and Engineers. You are guided through the selection process such that a reputable professional/ consultant is engaged to deliver each service required on terms that are reasonable and affordable. We also provide advice on the form and conditions of contract to be used between client and consultants/contractors, as well as how and when funds are released to the various professionals/consultants in accordance with the completion of contract deliverables.

• Assessment: The Bank will do an assessment and provide an Initial Report detailing the adequacy of the drawings and all the elements to be captured. Our officers will ensure the consistency of scale; that all approvals are obtained from the relevant regulatory authorities; reasonableness of the costing, budget and cash flow projection, among other activites.

• Monitoring: The Bank will provide monitoring services on the work being undertaken by the Contractor through periodic site visits, attending project meetings and providing monthly progress reports which will inform of the quantity, quality and value of work completed, and making recommendations for payment in line with agreements.

TEL:

876-929-6350-2

Email: info@jmb.gov.jm

Website: www.jmb.gov.jm Like us on Facebook:

www.facebook.com/ Jamaica-Mortgage-Bank

Feature

His dream , It is his dream! By Cherton DaCosta

community & environment 5 8 H O M E & A W AY

AN NHT HOUSING MAGAZINE

hat dream is to see the young

The only other leadership position this Sixth

people of his community and of

Former of the top rated Glenmuir High School

Jamaica becoming more responsible

in Clarendon has ever held was that of being a

and productive. “My dream is

Student Council Representative for his 2nd Form

see everyone working together and

class. But he admits that he is a hard worker,

offering help where there is a need,”

often persuasive and good at organizing things.

said a rather shy but very confident Clay-Akile Davis the 18 year old president of the Bushy

Clay-Akile was 12 years old when he moved to

Park Phase II Environmental Club in May Pen,

the community with his parents, an older sister

Clarendon.

and a younger brother. He saw his parents being involved in community activities. They had been

In the last decade, the Social Development

like that in the community where they previously

arm of the National Housing Trust has sought

lived and so it was not difficult adapting to new

to build the governance structure of its

situations and a new lifestyle in Bushy Park II.

scheme communities. One element is the establishment of environmental clubs across

The

E-Club

president

remembered

when

these communities. Many communities like the

the Social Development Department of the

Bushy Park Phase Two Benevolent Society have

National Housing Trust started to assist with the

embraced the whole concept and so the E-Club

mobilization of residents to start the Citizens

in their community is their pride and joy.

association. “It was a man called Devon Hudson at the time who was here mobilizing the residents

Young Clay-Akile Davis felt a need to start this

to start the association. Later he spent a lot of

club. His community management group – the

time guiding us as a youth group that wanted to

Bushy Park Phase II Benevolent Society – was

make a mark in the community.”

a young group and it was showing promise of becoming one of the leading communities

Asked how the club benefits the community

developed by the National Housing Trust.

and the youth in particular, Clay-Akile in a very determined voice was quick to point out that

“When I learnt of the Trust’s drive to promote

it was a “preparation for life”. He added that

environmental awareness in the communities,

being involved helps to make an individual

I felt there was a need for my community to

more responsible and that it also promotes time

be involved. We were together as a group of

management skills thereby making the members

friends one day and the idea was put forward

more rounded individuals.

and everyone agreed to start the club. At the election held on July 7 (or 8), 2015, I was elected

Clay-Akile reasoned that it is good when young

to lead the team,” Clay-Akile said.

people join civic or community groups because continued...

H O M E & A W AY

AN NHT HOUSING MAGAZINE

Feature

others will benefit. This he said can help

build the community image, they should

in many ways. “Young people also have

be creating a “chain reaction” where the

ideas. Here in Bushy Park Phase II, we

younger ones will later in life take on the

see ourselves as a club taking on some of

roles of leadership in whatever field they

the activities that the citizens association

chose to enter.

normally does. We join up with them and work with them to get the job done. If we

The

E-Club

president

wants

see

as young people take on these community

more resources directed towards the

activities, our energies will be directed to

preservation of a better environment. For

more productive endeavours. That will lead

his community, he would love to see a

to more positive outcomes and when that

playfield developed. Personally, he wants

happens, there will be less persons going

to see a recycling project launched by his

into crime or less persons taking up criminal

club and that efforts will be made to lift

activities,” he said.

the bar higher as they pursue the goals of making their community as environmentally

It is this positive outlook that he followed

friendly as possible and play their part in

up on in his reasoning to indicate that

making Jamaica the place to live, raise

when young people like himself and those

families and do business. l

in his club continue to be role models and

6 0 H O M E & A W AY

AN NHT HOUSING MAGAZINE

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AN NHT HOUSING MAGAZINE

Feature

The

MODERN KITCHEN By Shauna-Gae Clarke

6 2 H O M E & A W AY

AN NHT HOUSING MAGAZINE

very woman today dreams of a big, luxurious kitchen with shiny granite countertops, lots of spacious cabinets, stainless steel appliances, an island and a breakfast nook and beautiful

décor to top it all off – even if she doesn’t cook. There is just something so marvelous about having that kitchen. For many women, it is one of their favourite places in the house to be. It is where life is sustained, literally.

But before kitchens became a lavish hotspot,

Steel cabinets were also dominant because

they were just a simple area at the back of a

the material became plentiful and cheap after

house where meals were prepared three times

the Second World War.

a day. In fact in centuries gone, kitchens were detached units; they were not adjoined to the home. Domestic workers and homemakers would have to prepare meals and take them over to the house to be served.

1960’s In

the

1960’s

kitchens

became

technologically advanced. They were now characterized

dishwashers and deep freezers

and

various

appliances which aimed As the decades progressed, the look, feel and

to make working in the

purpose of kitchens changed. They became

area easier. The kitchen

more modern, larger and more purposeful

is a little less colourful

over time. The evolution of the kitchen over

and contains built-in (and

the years from tiny and simple to its modern

fold-up) amenities.

day extravagant appearance is revealed.

1950’s

During this era, the kitchen was very colourful; this included its bright bulky appliances and other appliances such as refrigerators, stoves and even cupboards. Bright yellow, blue and lime green were very popular colours for the kitchen. Kitchens in the 1950’s featured the most basic facilities. Tableware was mostly plastic and the dining rooms were formal.

H O M E & A W AY

AN NHT HOUSING MAGAZINE

Feature Cooking has

from

been

scratch

diminished

as more microwavable meals were introduced. During this time, more women had jobs and so the new advanced technologies proved to be very convenient and helpful.

1970’s

During this period, the microwave was introduced. The kitchen started to expand with more storage. Appliances were state of the art and the dishwasher was no longer a luxury as everyone now had one. The kitchen still featured bright pops of colour and plastic dinner sets.

This kitchen featured metallic accents and plenty of plants. Bold pops of colours complemented neutral, black or stark white kitchens.

1990’s

Kitchens in the 1990’s featured more neutral, subtle colours, a vast contrast when compared

1980’s

by hi-tech kitchen gadgets and appliances.

thousands of kitchen appliances, equipment

At this point in time, the kitchen is characterized The kitchen is modern and technology filled. Countertops are now heat resistant and made from wood, artificial marble, granite and tile.

6 4 H O M E & A W AY

AN NHT HOUSING MAGAZINE

the

brightly

coloured

kitchens

that

highlighted the 1950’s. Technology became even more advanced with the invention of and furniture. Bulky appliances were hidden to look as though they are not there (when not in use), concealed behind the illusion of

cabinets. In this decade, the concept of

the home owner who doesn’t mind colour,

bringing the outside in was expressed with

for others, it is kept neutral and even white.

sliding kitchen doors that open up to the

Furniture and appliances are concealed as

backyard.

much as possible. Many homebuyers opt for a kitchen that is characterized by an

2000’s -

island in the middle of the kitchen or a barlike feature. This adds to the modern feel

Present Day

The kitchen is more spacious and open

and look of the kitchen.

and more focus is placed on décor and aesthetics. The style of the kitchen is more detailed and luxurious. Stainless steel is introduced

(sinks,

refrigerators,

stoves,

dishwashers, etc.) and sleek appliances are displayed on granite and marble countertops. The kitchen is for some people a reflection of status. The kitchen is one of, if not the most dominant room/area of the house; the more spacious and luminous, the better. Today, homeowners go for an open plan style kitchen in which the kitchen opens up and flows into the living and dining space. This allows for a more social space, especially when hosting dinner parties of any kind. Today’s kitchen is sophisticated and features clean lines and simple but classy décor. Bold colours are introduced by

As technology continues to advance, the look of kitchens will continue to revolutionize. The changing lifestyles and demands of the consumer will require kitchens that suit them as much as possible. New inventions will allow users even more conveniences and easier ways to prepare meals. l

H O M E & A W AY

AN NHT HOUSING MAGAZINE

Expert Article

tiny house,

BIG living By Kashmane Golding 6 6 H O M E & A W AY

AN NHT HOUSING MAGAZINE

magine fitting all your furniture, appliances

The focus of tiny homes is life simplification;

and personal items in a house as small as

spending less money on maintaining a large

a standard bedroom, which would include

house and more on life adventures. With

your bathroom and kitchen space. Could

increased costs in taxes, maintenance and

you do it or does it sound logistically

upkeep for larger properties, owners are simply

impossible? What if living in this confined

downsizing so the wanderlust in them can be

space would allow you to do that one thing you

realised. Owners of these units have sometimes

always dreamt of but could never afford? Would

opted to make these structures movable; they

you sacrifice the additional square feet?

can simply connect it to the back of their pickup and go, who needs a fixed foundation anyway?

In an era where ‘bigger

is better’, the tiny

house movement is challenging this notion by

Most popular in the United States of America,

throwing all your thoughts about dream houses

this movement is spreading across Europe,

straight through the window. Living your dreams

Canada and even Tokyo, Japan, where space is

no longer means buying the flashiest house on

a premium commodity, but could this concept

the block but rather existing in a smaller space

work right here in Jamaica?

which creates more financial flexibility to allow the owner to pursue his/her passions, goals and

Keody Thompson, Realtor Associate at Coldwell

dreams.

This also means leaving a reduced

Banker Jamaica Realty believes that it can .Tiny

carbon footprint, which for the environmentally

homes are ideal for the Jamaican landscape

conscious, is a bonus.

and “will allow for a vast number of persons to become home owners amidst rising housing

Tiny homes are usually between 80 and 400

costs due to the devaluation of the Jamaican

square feet, with the largest one being slightly

dollar”, she said.

bigger than a standard hotel room and it seems daunting to imagine that all the conveniences of

If you are interested in owning a home in

a home can fit in a space as small as this. This

Jamaica and cannot afford the large trappings

concept truly gives life to the saying “limited

of a Water Works mansion, then do not be

spaces create unlimited creativity”, because

discouraged. As a realtor, Ms. Thompson is of

there is absolutely nothing missing from these

the view that tiny homes are idyllic for “low –

houses other than additional square feet. Have

income earners who may qualify for the current

you ever seen a refrigerator double as a seat for

maximum NHT benefit of $5.5 million for new

a workstation? Check out a tiny house.

homes. Tiny homes in Jamaica are projected to cost between $5 million to $6.5 million .This is

continued...

H O M E & A W AY

AN NHT HOUSING MAGAZINE

Expert Article

especially beneficial for individuals who are

Tiny homes create an avenue for home

purchasing a home singly.”

ownership and the invigorating pursuit of lifelong dreams all at the same time. Whether

The option of purchasing or building a tiny

you intend to travel, study, learn new skills or

home in Jamaica, is not limited to low income

build big things, tiny homes create suppleness

earners, as individuals wishing to travel the

in an otherwise airtight budget and may be the

world or to pursue a seemingly out of reach

right option for you. l

dream may choose a tiny house in order to

What would you do if you could?

make a reduced deposit and smaller mortgage payments thus creating monetary flexibility. Many dream of owning a home but without the lifelong financial rigidity that may accompany the purchase and as such tiny homes are a viable option because according to Keody, they “allow developers to construct smaller, functional and aesthetically attractive homes at lower costs.”

6 8 H O M E & A W AY

AN NHT HOUSING MAGAZINE

! Attention ALL you homeowners!

SO YOU THINK

YOU OWN

Think only YOU own, occupy and eat in your Home?

YOUR HOME? 1 in 5 Homes

is or will be infested by destructive termites in the next 12 months.

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And protect your home for many years to come. Warning signs :

Get our Special Inspection and Free Estimate

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• Rainflies, winged insects • Hollowed wood/jambs • Trails from ceilings/surfaces • Droopy ceiling, paint bubbles • Grains falling onto surfaces • Dust around furniture • Infested cupboards, books • Nest/s, mud lines on trees

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Step

Walls/Furniture Treatment

Step

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Website: www.pestpagesja.net Kingston: 925-8580 Digicel 402-3448 LIME 816-5455

Portmore 988-7378

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Portland 982-2847

St. Thomas 982-2847

Expert Article

y t r e p o r p a g n i s a Purch

R E T A L N A H T R SOONE ficial! is bene

hen Monique Jones started

“I wasn’t looking to get a home at the time.

working, purchasing a home

My mom saw this apartment on the market in

was not a priority for the

Vineyard Town and she urged me to consider

20 year-old Administrative

purchasing it. I had about J$100,000 in

Assistant.

she

savings and the property was valued J$4.5

made savings a priority, on

million,” she disclosed, and pointed out that

However,

receiving her first pay cheque.

the deposit worked out to about J$450,000.

That savings came in handy three years later

With the assistance of her mother, she was able

when her mother saw a property on the market

to acquire the down payment. “If I didn’t have

and urged her to consider purchasing it.

the support of my mother, the opportunity would have passed,” she informed.

7 2 H O M E & A W AY

AN NHT HOUSING MAGAZINE

Ms Jones beamed, as she outlined how she

Now three years later, Ms. Jones has no

acquired a mortgage from the National

regrets. She is now in a higher paying job and

Housing Trust; and within six months had

can comfortably pay her mortgage.

the keys to her apartment. But, it was not all smooth sailing for the young home owner.

Kaye McKoy Ricketts, Client Relationship Specialist at JN Bank, said that purchasing a

"...I was not used to paying that lump sum out of my salary..." “My monthly mortgage was J$31,000 and I was earning slightly over a million dollars per year. And, I was not used to paying that lump sum out of my salary; therefore, it was definitely an adjustment for me,” she recalled.

property at a young age has more benefits, rather than at an older age. “You have a longer term to repay your mortgage; hence, the monthly payment is manageable; and can help you to have a better cash flow” she outlined.

...the younger home owner would be poised to pay-off their mortage prior to their retirement.

This meant curbing expenses such as: dining out and shopping less. But, she declared that

Another benefit from purchasing early, she

it was a sacrifice which she decided to make.

noted, was that the younger home owner would be poised to pay-off their mortgage

“At the time, my friends said that the monthly

prior to their retirement.

payment was too high. However, I knew that it was better to pay for your home, which will

“Therefore, it also gives you the option to retire

appreciate; rather than have an expensive car

early. When you pay off the mortgage early,

that will depreciate,” she said.

one has the flexibility to redirect their cash continued...

Expert Article

flow to other retirement savings products;

However, she pointed out that if the property

improving their property, or even purchasing

values more than the amount available

another property,” she informed. “Hence, the

through the NHT, the prospective home

benefits of starting early.”

owner can get additional funds from other lending institutions, such as the JN Bank.

That prospective home owner would be able to access J$5.5 million dollars to purchase a NHT built home...

“We offer attractive interest rates at 8.5 per cent and fast turn- around time on loan applications,” Ms Ricketts stated. “Once you satisfy all the requirements, your loan application can be approved in two to seven working days. And, if there is a delay, our Client Relationship Officer will contact you.” "JN Bank also has Client Relationship Officers, who will visit you at your convenience; and in your space, to facilitate the processing of your

Mrs. Ricketts also re-enforced that savings was

information and answer your questions," Mrs.

at the core of planning to purchase a home.

McKoy Ricketts advised.

She advised that it is best to save at least 30 per cent of your income. For example, if a

JN Bank has four mortgage centres located in

young person earning J$80,000 per month,

Ocho Rios, St. Ann; Mandeville, Manchester;

should set aside at least J$24,000 per month

Montego Bay, St. James; and in New Kingston,

over the next three years, that person would

in the Corporate Area. l

be able to acquire about J$864,000 to make down payment on a J$8 million property. That prospective home owner would be able to access J$5.5 million dollars to purchase a NHT built home, or on the open market, if he or she is a single applicant; and with a co-applicant, can access up to J$11 million in mortgage.

7 4 H O M E & A W AY

AN NHT HOUSING MAGAZINE

Contributor:

Dionne Rose JN Corporate Communications JN Bank Email: drose@jnbs.com Website: www.jnbank.com

NHT Feature

NHT and JDF

restore CURPHEY HOME

esidents of Curphey Home for ex-

Nestled in the cool climes of central Jamaica,

servicemen in Manchester have

restoration of the premises in Newport,

witnessed a great improvement

Manchester began in 2016 and was the

in their standard of living after the

result of collaboration amongst the National

property received a much needed

Housing Trust (NHT), the Jamaica Legion and

renovation.

the Jamaica Defence Force, JDF. continued...

Prime Minister the Most Hon. Andrew Holness delivers care packages as he meets and greets residents of the newly refurbished Curphey Home.

H O M E & A W AY

AN NHT HOUSING MAGAZINE

NHT Feature

“The NHT is proud to have been able to assist the Curphey Home project. The Trust realises that like other Jamaicans and people of the free world, a great debt of gratitude is owed

Before

to these persons. In protecting our democracy, these men and women have put themselves on the line,” the Prime Minister said. Meanwhile, NHT Board Director Doran Dixon, in giving remarks on behalf of NHT Chairman Ambassador Dr. Nigel Clarke, said “working in the security forces is a contribution to Jamaica that cannot be ignored. Housing the elderly

After

in Jamaica is a real challenge that again, should not be ignored. We at the NHT are

A view of the renovated facilities at Curphey Home.

happy to have contributed to improving the circumstances for both groups, through our

The

renovations

include

increased

investment in this project.”

accommodation capacity, new bathroom and bedroom facilities, renovated recreational

The Home which was founded in 1958 by

spaces and much needed improvements to

the Jamaica Legion is a place for those who

the general structure of the buildings which

survived the two Great Wars and were in need

had deteriorated over the years. Thirteen ex-

of a place to retire; but with the last major

service members currently reside at the home,

renovations taking place twenty five years ago,

most of whom are over seventy years old and

the buildings had become severely dilapidated

the improvements bring the capacity up to

and in need of major structural improvements.

thirty five. The work was undertaken as part of the NHT’s Prime Minister, the Most Hon. Andrew Holness, says the decision to renovate the Curphey Home is an opportunity to give back to those who have sacrificed so much for their country.

7 6 H O M E & A W AY

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40th Anniversary Legacy Project. l

Expert Article

By Jason Robinson

Is Jamaica Ready For The Tesla Solar Roof?

he Tesla solar roof is a wonderful, innovative technology that will revolutionize the solar industry, especially as more companies start

to produce their own solar roofs. Tesla launched their solar roof with combined Powerwall battery system in May and many were thrilled. But how excited should we be in Jamaica? Here at Solar Buzz we receive many calls regarding new technology and the solar roof has been on people's minds since the initial announcement. My response to prospective solar clients would be to not get too excited about owning a solar roof in Jamaica anytime soon, for a few reasons: continued...

H O M E & A W AY

AN NHT HOUSING MAGAZINE

Expert Article l

Not available outside USA initially: If you

go to the Tesla Solar Roof page there is a calculator. It will predict the cost of the roof but this calculator only works for US addresses. As with the Tesla Powerwall battery system, which launched over 2 years ago, demand will be high and availability will be limited to the USA until all the kinks are sorted. I have yet to come across a Tesla Powerwall battery system in Jamaica so I would not be interested in a solar roof in Jamaica for a while.

l l

New technology is expensive:

The solar roof is very new therefore it is costly.

The Tesla calculator assumes the

home would only need one Powerwall battery bank, which produces 14kWh. For a home with a family of four, the solar system would mostly likely need at least two Powerwall battery banks

On the Tesla calculator, I entered a Florida

to achieve 100% offset, so add another US$7,000

address and put the house size at 2,000sf, the

to the cost.

results from Tesla are as follow: Your Solar Roof can generate $85,600 of energy over 30 years. $85,600 Value of energy -$80,300 Cost of roof -$ 7,600 Cost of Powerwall battery +23,800 Tax credit $22,100 Net earned over 30 years

This assessment is not to discourage anyone towards the solar roof as eventually all roofs will be made of solar tiles. However until that time, conventional solar systems are at their most inexpensive levels of all time. A homeowner could buy a new roof and install a traditional solar system to offset 100% of

A 2,000sf roof would cost J$10,500,000 before shipping

and is estimated to offset 70%-100% of your electricity bill depending on usage. Florida has a solar tax credit but Jamaica has much higher energy costs so let's say these ‘even out’ for simplicity. A rough payback of this roof in Jamaica would be about 20yrs which puts us back to the early days of solar

electricity costs and payback for both in half the time of a Tesla solar roof right now. The time you spend waiting on the Tesla solar roof in Jamaica you could have bought a traditional solar system, a new roof and paid off both through your energy savings. l

when regular panels were expensive at US$2/watt compared to US$0.50/watt now. Solar did not sell in those early days because the payback was too long. Point of information, solar is very cheap now and the solar market still struggles in Jamaica! This is mostly due to the lack of and a tedious financing process in Jamaica but that’s a whole different thesis.

7 8 H O M E & A W AY

AN NHT HOUSING MAGAZINE

Contributor: Jason Robinson, Chief Executive Officer, Solar Buzz Jamaica Jamaica Solar Association Executive Board Member Email: jason@solarbuzzjamaica.com

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