Show 4 ' l' Zhel3altrakeZtibunt R EAL e: —' '7459 Classified Ads: ?rving Corn- 237-200- ESTATE 0 0 CLASSIFIEDS JUMBLE SUNDAY April 26 1992 0 Cl - 992 Older Owners Crave Younger Homes Oprah Winfrey Buys Colorado House Ranch ig two ) to 5 ut)on gs Nov - There's a surprising truism in real' The older you get the more likely you are to want a young home "People equate getting older with getting set in your ways But when it comes to housing it's one last fling to buy a new home" says Daryl Jesperson senior vice president for the Realty chain Buyers over age 45 bought nearly half of the new trade-uhomes sold in the United States last year notes Gopal Ahluwalia director of economics research for the National Association of Home Builders based in Washington DC "Basically it's a lifestyle thing People are looking for more comfort and convenience as they get older" Ahluwalia says Some say the generation now entering its 40s is particularly resistant to the ordeals of home care As people age many become irked by the kitchen faucet that won't stop leaking or the threadbare carpet demanding replacement "Whether they're downsizing or up sizing a lot of older people want easier living They want something new so they can maintain it properly in their later years" Jesperson says Sometimes older people even buy a larger or more luxurious home than they need for their own use he says How else can you explain a pair of empty nesters picking up a place with four bedrooms a three-ca- r garage or a third bathroom? You might think people would move home when their into an children are young But most people don't earn their peak income until later in life and have to compromise on housing choices while they're establishing a family Only after the children are grown and educated can some people afford the new home they've always wanted By Ruth Ryon LOS ANGELES TIMES Oprah Winfrey whose ABC talk show has been nationally syndicated since 1986 has purchased a house for $14 mil lion and 80 acres for $3 all in dmilliocn1 ii and TV-fil- were estimated to total about $39 million last STAR year will produce and host ABC's "Afters MOVES chool Specials" this season Winfrey lives in Chicago where she show produces her baby-boo- g Emmy-winnin- through her Harpo Productions backward) in the movie studio and TV complex which she also owns along with a 160-acr- e farm in nearby Indiana She bought in Telluride "because she likes to ski and snowmobile" a source ("Oprah" 88000-square-fo- it is cookie-cutte- Ellen James Martin lt 1 Real Estate A p studio m garden or if you thrive on formal dining it could be unwise to compromise r new just to fit into a house A custom-buinew home or a slightly older resale property might be better As people age their lifestyle preferences become more defined and predictable If you're over 40 you're probably quite realistic about whether you'd use a backyard barbecue or would rather play golf all weekend But if you're not sure go back over your calendar and review the last year Think about how you allocated your free time Then look for a home best suited to your interests Remember that a new home will have its own problems too Like a new car a new home should give you a number of years of worry-freuse — but only after the kinks are out Most new homes don't present serious problems Even so it can take several weeks or months to get the builder to fix the little goofs that inevitably occur during construction Pursuing your builder for these fixes can be an annoying process Consider this reality as you decide whether it's wise to buy a new home Don't purchase a new home based on the model Builders often spend tens of thousands of dollars furnishing a model home to impress prospects looking at their subdivisions But how would the same house look without the beautiful dining room set fancy silk wallpaper and sofas? All too often buyers fail to visualize a property with their own furniture and are disappointed when they move in says Jesperson the REMAX senior vice president "Remember that when you're buying the new house" he says "you're buying the steak and not the sizzle" RE-MA- X Winfrey whose rev enues front her show spelled ot said When she rented the home over New Year's at $1500 a night "she fell in love with it" he added She paid cash for the newly built home and the land where she plans to build another house within the next two years "Then the existing home will be used for guests" the source said The existing home has three master bedrooms each with a Jacuzzi tub and a massive fireplace in 5000 square feet It also has a guest house with a kitchen and a living room The home is next to a chairlift on a ski run at Telluride Mountain Village where such celebrities as Keith and Robert Carradine and Susan St James alsto own vacation getaways N new home also can be a status symbol or a reward for years of hard work and sacrifice says Betty Hegner a executive in Illinois "I think it's ego — wanting to buy a new house with all the bells and whistles" she says Home feature preferences change every decade or so If your aspirations are like those of others currently shopping the home market you'll probably place a high priority on fancier kitchens and bathrooms than are available in most resale homes Whether it's a showplace you desire or simply a environment buying a new home requires some forethought Realty specialists offer these pointers: Don't opt for prevailing features unless they match your own preferences One hot button for buyers these days is oversized bathrooms with double sinks separate showers lots of closet space and Jacuzzi baths Most buyers want a spacious country-sizekitchen with room for family meals and place little emphasis on a formal dining room Many also prefer a small yard to one requiring upkeep "We're seeing a trend away from people wanting big yards — but they still want big houses" says Pamela Shaw a sales associate for the Co 'dwell Banker realty chain Still if you picture yourself as a weekend farmer tending an elaborate RE-MA- X m e d time-consumi- e Various proposals to provide buyers with some sort of tax credit have been bandied about Capitol Hill for several years But the idea picked up some steam in January when President Bush called for a $5000 credit for buyers who purchase a home this year Congress anxious to support a issue in an election year eagerly endorsed the concept Unfortunately for the nation's would-b- e buyers the credit was first added and then later stripped from a tax bill that was vetoed by President Bush Now the housing proposal has been resurrected by two Democrats in the House of Representatives Les of Oregon and Jim Moody of Wisconsin The proposal already has nearly two dozen even though it was introduced just a few weeks ago Chances of the bill passing are "iffy" The main obstacle: AuCoin and Moody have not come up with a way to replace the estimated $12 billion that the housing credit would cost the Department of the Treasury in each of the next five years By law any bill that would reduce the Treasury's revenue must be accompanied by a plan to either cut spending in other programs or raise taxes "There are a lot of sensitive issues involved here" said Steven Driesler chief lobbyist for the National Association of Realtors "It's not just a matter of helping people buy homes The big question is who's going to pay for it?" first-tim- first-tim- e wide-rangin- Au-Coi- d high-price- g tax-cred- it e new-hom- TIMES it time-consumi- new-hom- e new-hom- LOS ANGELES Congress has resurrected a plan to give first-tim- e home buyers a $5000 tax cred- e lower-maintenan- te Peter Bogdanovich's home in the posh community of Bel Air where he lived from 1974 — after making his hit film "The Last Picture Show" — until he moved recently is on the market at $35 million Built in 1928 the Spanish Mission style hacienda was one of the first houses in Bel Air It has four bedrooms and six baths in 7115 square feet It also has a circular courtyard swimming pool cabana with a fireplace lawns and gardens Bogdanovich directed and produced the comedy film "Noises Off" which opened Friday and stars Michael Caine Carol Burnett John Ritter and Christopher Reeve Congress Renews Tax Plan For For Home Buyers n Los Angeles 4& 12000-square-fo- — r i Cold-we- 90-da- re lion The main house has solid bronze double front doors and an indoor swimming pool designed to eliminate the need for chemicals by using two ozone machines that allow oxygen to flow freely 1 real-esta- 0 '!)f 4 " -- y t ' ' - S:4or :it : 4 ---'- 1I : - it- 4010000- L' 1 ' I "31 " Ms Stoman Mr MacFarlane Mr Loving - i iber!' t 4 i 1 ' ': :::::::: 4 tAY 44:2'c:p 1 tit ' i:''e Mr Thaller Al ' ?''' 4: o' I i - - 1 CIAL---2"4"j t Mr Bliss Ms Chesley 2 0- 0- holds a Certified Residential Specialist and Graduate Realtor Institute designations Eagar & Company also recognized Gaye and Dick Peddycoart for being the company's top producers during the first quarter of the year Ms Peddycoart a member of the Salt Lake Board of Realtors Million Dollar Club is in the company's presidential circle and was in its top 10 producers in 1991 Amanda Irwin has joined REMAX Professionals as a sales agent She will specialize in sales of new designs and construction Also joining RE MAX is te - p ' Al t 4 i real-estat- 18-ye- ot ' ll :''''' ' l'f4 ! 05 q Seven new sales associates have joined the Sugar House office of Banker Premier The new associates include Dick Bliss Jane Chesley Robert Loving Jeff MacFarlane Mary Sloman Fred — Thal ler and Frank Whiteny All have recently completed a training program and Ms Chesley and Mr Thal ler have joined the company as associate brokers ' Mr Bliss graduated from the University of California at Berkeley and sings with the Utah Opera Chorus Ms Chesley is a graduate of Iowa State University Mr Loving and Mrs MacFarlane are University of Utah graduates Ms Sloman was formerly with Chilson & Associates and Mr Thaller an e busiveteran of the ness was with Eagar & Company Real Estate Mr Whitney is a founding partner of Morris Travel Janet Coleman who has been a leadsales person in Salt Lake ing City for 15 years has joined Eagar & Company which is celebrating its 30th anniversary this year Ms Coleman ' - 1 10i Actor Sidney Toler who played detective Charlie Chan in 22 movies during the 1930s and '40s owned a hilltop in the Mount Olympus area of Hollywood where he had planned to build a palace but died before he had a chance to begin grading After three years of construction a site couple who bought the and subdivided it finally completed a mansion on the three-acr- e summit and they have put that home on the market at $79 mil22-ac- -s Real Movers 1': ' 4- :i'7 4 ' — i i ( k I P31 v 1 " q" :10 A7 7 tlli 1 -" Ii ''''4 163 Mr Whitney Ms Ms Coleman Peddycoart A Certified Residential Specialist designation has been awarded by the Residential Sales Council of the Realtors National Marketing Institute to Dick Goehring Mr Goehring is a sales associate and relocation specialist for n Realtors Gloria Crawmer She has received her associate brokers license which reexperiquires three years of ence 120 hours of classroom training and passing state and national examinations Ms Crawmer also holds a Graduate Realtor Institute designation real-estat- Irwin Ms e ERA-Carlso- o z 0 rwasKr3xsrens0a r I tgIAill li 0 (3465 E) contempo 2stoiy of volley 7 IOPEN baths reduced i1259000 lAwly ' Idlers 9694101 1744663 OPEN 11:00200 300 signs to this Summit Pork contemporary dream 1179900 4141010 Chick di OPEN 1200-20- 0 241 11 (20 V) 730N SUMMIT CONDO Luxury penthouse best buy in Lion StimmM High ceilings spectacular view 24 hour security pool sauna 1102100 4474411 benaltibuseetass Mt "ji : - 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vaulted coil playhouse 535911 MIS circulas drive 69614 IMAM WIN McHugh OAK HILLS Groat lif plan for family a entertaining! 5 bairns 2 tam rms 3 baths 3 trpict Over 3900 al ff Uniquo a affordable $24490a tALS4 75655 403120 Jos loichan MUMS 2 STORY Wandefful home on &cub lot wpool tennis court 2 roc rooms lit:vary game room and much rnorol $399000 77233 Jowl Doffs 9421771 ele Selma MTN a 1 P R PSUFECTION PLUS I 2 bedroom high rise living view totally remodeled new everything! 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Donald &yammer Bautdul condo has a wogs 4 contort parking 3 bed3 bath - $74500 Great location Lorry BRICK DUMB( 2 Ftrectfside x side excellent location $66900 WM 72600 al light condition gm Great Duval $94900 MU Jeff Chien 4oct ig WWMJiMmrd4 disowning bdtms2 Lotsbaths Great 2 car COUNTRY HOMESTEAD 3 4: I litcyl 1714443 734114 JetMete Noyes !MMM!rMMMn1 á double garage fireplace fabulous Spacious main fir unit! 3 NOM Single twirm Noway condo roc room gmat wipool souncs THAN 40 0 0 - GRAYSTONVCOLONIAL PINES Dom I Joe Armstrong THE OAKS 3 TWO horn JUST tEDUCED GMAT Strtl See Sorrow viwool 5 bdon513 12 bottle conieend "tweed etel gounost klehti I som eye 3 cc r two pie wooded Sot $279000 Mae 77997 1734227 Fran Pisischer Um 3 1 1 00 010 4 ST MARS afantastic city a men an acre wpool and hit:fel spacious rmi PRESTIGIOUS ir 0 or HOME 1 1634971 baths extras! brad Undo Moist pdtms3 1115900 awes Swim Jewses Hayes I1 FotcwrIt"Inaoryzw7:11111111 PK) rxxri:rg 400 A - (110701) Seclusion in the pines lust minutes from downtownl Follow She e 110 0 OPEN 100400 I I Murray 2stary over 6300 sq ft Maple Hills dream home 850 DONNER WAY (UNIT 402) & open family room 7 bdrms 6 baths large Oak Hills luxury condo Mews off kitcPwn wooded setting gourmet kitchen 6 much professionally decorated 3 litSif 73673 much morel $329000 Please bdrms spectacular views 161 Host 2665033 coil From MIS 76052 open flow plan $i l9900 ST MORITZ STRASSI (SUMMIT we 0 EXECUINE kill 4il 1030-124- - 0 00 SWIM ACK round additional acs009 °dooms kat' nee atoms Good area los o 1304650 ciartiniolattoS70t PVil 1134611 gwwiggpf s ' iiMMIEEMnmni -- --s t —AMOMP1411011 - - Amtk |