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ARCHITECTURAL STYLES
ART DECO
Art Deco was first presented to a large audience in 1925 at the Exposition Internationale des Arts Decoratifs et Industriels Modernes in Paris and lasted until 1939. The style was at its peak during the roaring 20's. The style saw a resurgence in the 40's and 50's. More recently, it was blended with the industrial style architecture at the beginning of the 21st century. The Art Deco period reflected what was happening in history at the time and was most influenced by the shapes of modern transportation - automobiles, streamlined trains, ocean liners, and airplanes. Round windows that resembled port holes from ships were commonly used. The new transportation era opened the world up to everyone, making travel to exciting foreign places such as Egypt, India, South America and Africa more available to everyone. Foreign influence is very evident in the linear, angular designs with sunburst ornamentation being used most frequently. Art Deco also reflected the futuristic style used in early science fiction. Linear in style Art Deco was usually highly decorative and the façade of zigzag buildings was usually adorned with geometric ornamentation from which it gets its name. This style is perceived as being modernistic, artsy, frivolous, breaking with traditional classical architecture of the period. Building materials and characteristics of Art Deco include: Metal alloy ornamentation, glass blocks, light colored building materials such as stucco and limestone contrasted with darker materials such as black granite, inlaid wood, shark skin, zebra skin, and brightly colored panels, Straight front elevations rising to flat roofs, sharply geometric door surrounds, tall windows as well as convex curves of lower metal roof lines and corner windows were typical.
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If you see yourself in an Art Deco home, call me (512.261.7887) and I'll help you find the home of your dreams.
The Bungalow
The Bungalow style seems to have originated in Bengal, India during the late 19th century when the British Empire still ruled. English officers had small houses built in the style called "Bangla." Originally built as rest houses for travelers, the houses were small rest houses. Around the turn of the century the Bungalow found a new niche and was utilized as a permanent dwelling rather than a "rest house." Researching a wide variety of sources, I offer the following characteristics: The houses were one story with tile or thatched roofs and wide, covered verandas, low-pitched roofs, gabled or hipped. Tall eaves with exposed rafters, decorative knee braces, open floor plan, 1 to 1 1/2 stories, and sometimes 2 story, built-in cabinetry, beamed ceilings, wainscot in the dining rooms, dormers, shed, hipped, or gables, large fireplace with shelves or benches. Large, covered front porches with massive columns under extension of main roof. windows were double hung with multiple lights in the upper window, and single panes in the lower window. The Arts & Crafts movement influenced the style of the American Bungalow.
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First Time Buyers >Your Principal Residence
The Federal Tax Code allows married taxpayers to exclude from capital gains taxes up to $500,000 in profits from selling a home (singles can exclude $250,000). In order to qualify for this exemption, you must prove that that the home has been your principal residence for at least two out of the last five years. The establishment of the home as a principal residence depends on the facts of each homeowner's circumstance. Here are two cases to consider.
Homeowner A has lived at 25 Pine Drive for 12 years. Although he stays at his vacation cottage in another town for up to three months out of each year (sometimes more), 25 Pine Drive is his principal residence, where he lives most of the time. When he sells the home, Homeowner A (filing as a single individual) can keep up to $250,000 in tax-free profit.
Homeowner B buys 108 Maple Street, intending to live there. He rents it out while waiting to sell his current home, where he has lived for six years. His principal residence sells at the end of two years. Homeowner B moves into his new house, lives there for three months, and then decides to travel. After a six-month trip, he regrets buying 108 Maple Street and sells it. Even though he has owned the house on Maple Street for over two years, it won't qualify as "owner-occupied", because he only lived in it for a few months. Thus Homeowner B is not eligible to claim the tax exemption when he sells the house on Maple Street.
Consult your tax advisor for advice about your particular circumstance.
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| Q |
Into what category do forty-four percent of home buying households fall?
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| A |
Forty-four percent of home-buying households are made up of married couples with dependents. |
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