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Page 1B • The Leader • November 23, 2013 • www.theleadernews.com

The Do-Over: by Cynthia Lescalleet for The Leader News A vintage home doesn’t need to be located inside an historic district to merit renovations that respect the property’s past while modernizing for today. Bungalow Revival’s 2012 transformation of the Wilson House, 716 W. 15th St., exemplifies this time-sensitive approach. The quaint cottage is one of the five featured properties on the Houston Heights Holiday Home Tour, Dec. 6-7. The memory-honoring project took the ‘20s-era interior down to its studs and slightly expanded the square footage. A reworked floor plan improved the flow between rooms by adding a central hallway and screened porch off the larger kitchen and master suite. And out front, a classic porch with updated columns catches the breeze -- as well as the attention of passers-by. Recalling the start of the project, Bungalow Revival’s president and founder, Gilbert Perez, said, “It needed serious updating,” The home had been previously redone in the nineties, county records indicate, and that was after it had been moved to its current location from Columbia Street. The 2012 overhaul back-dated the home to look original -- even where it isn’t, Perez said. “When we remodel, we are ‘period-friendly’,” he said. “We are not purists.” Today’s kitchens, for example, are a lot larger. Perez is pleased the project was able to keep and reuse the original hardwood floors, doors and as many of the windows as possible. They’re distinct, with an oversized diamond-panel occupying the upper sash. Some of the lighting fixtures are also original, though they’re been repositioned.

Memories of Home

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PREMIER PROPERTIES

Wilson House, 716 N. 15th St. (Photo by Gary Griffin.)

OPENING THE BOTTLENECK

Before the Do-Over opened up the layout, adding about 500 sq. ft., the front foyer off the porch led only to the living room. A separate dining room was off that, and beyond it, the small kitchen. Access to the home’s two bedrooms and bath was off the dining room. “It was choppy,” Perez recalls. “There were bottlenecks.” Now, a generous central hallway runs from the foyer to the back of the house. It separates the bed-and-bath side of the home from the opposing common areas, which also have opened up access to the hall and each other. To add to the sense of space, the former wall between living and dining rooms became a half-

OPINIONS

Each month, we ask a panel of Realtors and business people in the area for an opinion on a specific topic. Here was the question this month, and their answers below. Question: First, as the price of homes continues to increase in this area, have you seen a slowdown in potential buyers? In other words, are potential buyers now beginning to be priced out of the market? Second, please follow up that “yes” or “no” answer with an explanation of the following. If “yes,” do you think the price of homes will begin to correct – or lower – as fewer buyers can afford houses here? If “no,” then how much higher can the prices go? How many more years/months can prices keep climbing?

Sharon Ettinger, Keller Williams

Buyers are not priced out of markets as long as new markets keep opening up with lower prices and they are. Last years “I don’t think so” is becoming this years “let’s check it out”. As usual it is pioneering buyers that are leading this charge and transforming the city. Houston is an oil town and $100 per barrel oil is good for Houston. Oil goes down a lot and Houston housing could be impacted.

Sheree Gilbert, The Reyna Realty Group

Oak Forest and surrounding areas are experiencing a typical supply and demand scenario. While inventory decreased significantly this year, prices increased. Potential buyers are still here, however, it may be a different buyer with more buying power. Buyers are now more decisive in the search and ready to act quickly when they find a home that fits their criteria. As prices continue to increase, so will the buyer demographics change to match. We don’t anticipate a shortage of buyers. Yes, some buyers may be priced out of the new home market and must be willing to either buy a fixer-upper or search for deals in other up and coming or transitional neighborhoods. Often times the key is being willing to take a risk in being the “most expensive home on the street” in a transitional neighborhood. Prices are not expected to go down anytime soon as demand continues. The market determines prices and as long as buyers are willing to pay, sellers will ask the price.

While there may be some buyers that are pushing their upper limits with what they can afford to pay over here, there are still plenty of buyers who can afford the higher market prices we are seeing. There has been zero slowdown in demand as properties in this area literally fly off the market due to the enhanced desirability of the locale on top of the boom in construction and remodeling activity that has recently transformed our beloved area. This is as close to a perfect storm for sellers in the area as there could be and buyers I believe generally feel that the trend is just beginning so they are not afraid

see Expert Opinion • Page 2B

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EXPERT

Bryan Craft, Craft Texas Properties

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height set of glass-fronted shelving to match an existing set. New molding added to the original exposed ceiling timbers in the dining room beefed up their dramatic presence overhead. “It’s an open field,” Perez said of the results. The 10-ft. ceilings further accent the spacious feeling. Details of particular note include the use of a diamond motif throughout the home. It’s based on the original windows, but reinterpreted in such locations as the porch supports and the guest bathroom, where an extra window has been repurposed into a mirror. In the kitchen, the custom cabinets look like pieces of furniture, specifically an old ice box

see Do Over • Page 2B

Heights residents develop lakefront in East Texas

by Michael Sudhalter michael@theleadernews.com

Heights residents Stacie Cokinos and Pamela Radford never set out to be real estate developers, but they’re glad to be developing a resort property responsibly. “We discovered a beautiful property when we went to visit friends an hour north of Houston and were mesmerized by the beauty of the lake and surrounding forests,” Cokinos said of a property in Goodrich, 65 miles north of Houston on U.S. Hwy. 59. When the property, known as The Preserve at Sally Creek, became available on the lake, Cokinos and Radford thought the pristine lake would either be developed irresponsibly or spoiled by a timber company. “We stepped up and bought it,” said Cokinos, who runs an interior design company from her

Heights Office

2222 North Durham Houston, TX 77008 281.517.8760 Scott Lester - Bank Office President Margaret Vandever - Senior Vice President Amy Ritter, Banking Officer/Lender

home in the Heights. Construction Financing Made Simple. Radford said they found a way to develop the property while keeping its natural beauty intact. When Business Is On The Line “We figured out if we develop ��������� �������� about 10 percent of the land as waterfront home sites, we can www.allegiancebanktexas.com preserve 90 percent of unspoiled forest,” Radford said. “We’re developing just enough that we can afford to preserve the rest.” The property is full of Magnolia Trees and about 20 percent of the lots have been sold. They have set limits on the number of trees that can be cut from the lot. Although they’re working on a project north of Houston, both Cokinos and Radford enjoy living in the Heights. ���������������������������������� “The Heights is really the only neighborhood left in Hous����������������������������� ton that really values preservation and historic preservation,” ������������������������������� Radford said. “That’s where our ���������������������������� hearts are.”

Progress on HCC Construction Houston Community College continues to make progress in its $425 million bond program – a capital improvement program that involves 14 construction projects at all six HCC colleges. One of the nation’s largest community colleges, HCC announces an aggressive Small Business Enterprise (SBE) goal of 35 percent for the Bond Program. The college will host an SBE education and meet and greet kick-off event mid-January 2014. Most recently, HCC issued its Request for Proposal (RFP) for the Bond Construction Managers-at-Risk project. This follows decisions on construction project managers and architectural/engineering firms. HCC will announce the recommendation to award decision regarding its choice for Construction Managers-at-Risk firms in February 2014.

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