Peggy Smith

I have had several phone calls in the last couple of months from potential customers and past clients that have asked me about building. My standard answer has been, if you can find a home you like, it is better to buy than to build. But lately I have been rethinking this.

In the latest issue of Money Magazine (April 2008) there is an article (Dream It, Build It) about building your dream home. The article makes an argument stating that” now “might be an excellent time to build that home. It says that “behind the dark clouds hanging over the houseing market is a very compelling silver lining. The cost of building your dream house is coming down.”

Why would this be? Well, there are many factors, but the main one is; the cost of raw materials has dropped and contractors are not as busy as they once were. In interviewing some modular home companies I have found that the demand for modular homes is so far down that some companies are running on a skelton crew. What this means to you the consumer is; dollars are not coming out of your pocket. Money Magazine states that framing lumber is 18% cheaper thtn 18 months ago and that drywall is selling for 40% less.

Not only are prices dropping in the construction area ,but also land prices have dropped in Vermont; in some cases 48% of the asking price from 2006. This is not as true in resort areas such as Stowe. The list price of land might not have dropped, but the actual sale of land has done so. We have seen the listing price of large lots over 25 acres being dropped while the smaller lots prices have stayed the same. Overall, large or small lots have not seen a record number of sales, and this has lead to lower sales prices.

(more…)

Check out the newest book from Amazon: The Kindle.

If you don’t have one of these you are missing the best thing ever. This was the only thing I had on my Christmas list and they are so in demand that I did not get it until the middle of February. I am an avid reader and when I go on vacation my suitcase is heavy because I take so many books. I never have enough books and many times I am in countries where it is difficult to get English books;when you do find them, they are what I call “airplane novels.”

When I clicked on Amazon.com to order books for Christmas presents last December ,the above ad was on the home page. Shortly after that, I read a review of the Kindle by someone that bought one. It compared it to the Sony E book and the Kindle came out top over all E books.

Here are a few features that I find amazing:

1. You have a large selection of font sizes for every ones preference.

2.The books are sent to you over a cell line, not an internet line. This has advantages and disadvantages. As long as you are within cell service you can receive books, newspapers and magazines. However, the cell service that Amazon uses does not work at my house, even if my cellphone does. It does work in the village of Stowe so all I need to do is drive downtown, turn on my Kindle and whatever I ordered is there.

(more…)

If you are interested in finding sugarhouses in Vermont go to this website:

http://www.vermontmaple.org/

If you would like to try another great maple syrup recipe, try this one:

SUGARBUSH MOUNTAIN MAPLE MOUSSE
1 envelope plus 2 tsp. unflavored
gelatin
1/2 c. cold water
4 egg yolks, well beaten
1 c. pure maple syrup
1/2 c. light brown sugar
4 egg whites
2 c. whipping cream, chilled
Sprinkle gelatin on water; let soften 5 minutes, then set cup in pan of hot water. Stir until gelatin dissolves. Add gelatin to beaten egg yolks, mix into maple syrup and cook over medium-low heat, stirring constantly, until mixture thickens and coats spoon. Do not let mixture boil. Remove from heat and stir in brown sugar, blending well. Transfer to a large bowl and cool to room temperature. Beat egg whites until they form stiff peaks. Whip cream only until stiff enough to hold its shape. With rubber spatula, fold cream gently into maple syrup mixture. Then fold in egg whites until whites no longer show. Spoon mousse mixture into a 1 1/2 quart mold that has been rinsed in cold water. Cover top with plastic and chill at least 4 hours or until firm.

If you love this recipe, pass it on to a friend to try. Here is a way to win a jug of maple syrup:

Tell your friend to make a comment on my blog and you both might win a jug of maple syrup. Your friend has to mention your name and you have to make a comment on my blog also. Oh and you have to try the recipe.

The phone rings at least once a week with a customer who’s first words, after introducing themselves, are ” I want a deal.” My first thought, which I do not say, is; ” Then go to Florida or Las Vegas.” Vermont has been fortunate to be insulated from the housing “bust” as reported in the Burlington Free Press dated March 1, 2008 by Mark Sutkosky:

“Vermont is insulated from much of the housing crunch drama afflicting other parts of the nation, Allen said. Unlike some areas, especially places like Florida and California, Vermont does not have much of an oversupply of houses and condominiums for sale, Allen said. A large oversupply tends to drive prices down sharply.Also, speculators built a lot of housing in some corners of the nation, anticipating huge profits that failed to materialize, Allen said. Vermont experienced little speculative building, he noted.For those who can afford it, Allen said 2008 might be a decent time to buy. “Prices are high relative to historic standards, but there may be pockets of opportunity because the market is slow. They might find sellers more willing to make some concessions,” Allen said. Torpy of the Champlain Housing Trust said programs to encourage affordable housing should remain intact and fully funded.

But even with the high price of houses and condominiums, people with moderate incomes who are have done their research and are sure their finances are stable can buy a home, Torpy said. “If you go in the market and are an informed and wise consumer, you can find a good value,” Torpy said.

Most resort areas in Vermont have experienced a slowing of sales but the prices and the equity that people have in their houses remains stable. Properties over a million have been less affected because this buyer usually pays cash , or finances less than 50%. The slowest real estate sales areas are between $500,000 and $1,000,000. I beleive this is because that buyer would have used the equity from their primary home for a downpayment on their vacation home. Now they are reluctant to do so.

(more…)

I am sitting here watching it pour rain and thinking that March is one of the most maddening months in Vermont. It can be absolutely the best skiing of the year with the most spectacular sunshine and warm days on the mountain that you have ever experienced, or it can be like it is today – pouring rain. But despite the change in weather almost daily, it is one of my favorite months.

Why? Because it is maple sugaring time. The sap has begun to run in the trees, you drive down one of the roads in Stowe and you see a trail of blue lines decorating the maple trees. When I am showing people real estate they ask me what the process is to make maple syrup. Most of them know the syrup comes from trees and that it taste good.

Back in the day, as they say, the maple trees were tapped with a spigot from which a bucket was hung. Sometimes a tree could have three buckets on it at once. Oh, I forgot to mention that there are various types of maple trees but the ones that produce the syrup are sugar maples. Makes sense doesn’t it? Anyway, collecting the syrup from a full bucket meant that you had to team up the horses or start up the tractor , then with a holding tank on the back of a sled, you dump each bucket into the holding tank. Taking the holding tank full of sap back to the sugar house, it is siphoned into a larger holding tank, that feeds into the evaporator. From there it goes into the back pan where it boils over chambers to the front pan where it boils through a series of chambers until it becomes syrup.

(more…)