Plans to Renovate Abita Springs Town Hall

 The Abita Springs Town Hall is a historical building that dates back one hundred years. The building is also the home to the Abita Springs Opry and is slated to be renovated. The plans for the renovation have been shared at a community meeting.

The plans for the design include a new foyer that will connect the original town hall to the town hall annex. The annex also has a history as it was once a fire station to the community. The annex serves as the office space for several departments including planning and zoning, finance and events.

The chosen architect, Ron Blitch of Blitch Knevel Architects also shared the other upgrades that will happen. The faces of the building will get a new exterior along with a larger porch and covered side gallery. Also, there will be a larger stage added for performances and space for concessions. For weddings, there will be a bride’s room now and a courtyard that will be added that will make a perfect spot for a reception garden.

This will be a great benefit for Abita Springs, and now the timeline and budget just need to be agreed upon. The rain runoff which has also been an issue, will also be remedied.

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New Construction Demand Is on the Rise

 Existing housing has become a Debbie downer for buyers in the market. The market for existing homes is still on the short end with higher home costs than in recent years. This coupled with the spiking interest rates has detoured buyers. In fact, the industry reports that homes haven’t been this unaffordable since 1984.

According to reports, the US mortgage rates have slowed a little, stopping the five-week straight of gains. There is no relief in the 30-year fixed-rate mortgage as it remains high around 7.18%. This time last year the 30-year fixed rate was only 5.66%.

Those buyers in the market are going for the new construction, making home builder stocks more desirable. The market is frustrated with the huge buyer competition and so few existing home listings which has caused massive bidding wars. This has been avoided with buyers focusing now on new construction. Home builder stocks are jumping, Pultegroup has jumped 80%, Toll Brothers 64% DR Horton up 34% and Lennar up 32%.

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September Reported A Jump in Homebuilding

 According to CNN, US homebuilding is on the rebound. This comes after the drop seen in August of what was reported the lowest levels since 2020. This can be blamed mostly on the climbing mortgage rates. 

September saw a 7% jump in new home construction housing starts. The housing starts measure new home construction and rose to a seasonally adjusted annual rate of 1.358 million. The Census Bureau predicted a rate of 1.38 million, higher than data proved.

The number of units was also lower than a year ago by 7.2% as well as the building permits at the same 7.2%. Building permits declined 4.4% in September to a seasonally adjusted annual rate of 1.473 million.

“September numbers were a mixed bag, with starts up and permits down, but both remain low by historical standards, suppressed by high mortgage rates,” said Robert Frick, corporate economist with Navy Federal Credit Union.

“Builders continue constructing smaller homes using less land, and offering incentives, but to build our way out of the housing shortage we’ll need mortgage rates well below current levels,” he said.

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What A Home Inspection Covers

 Once you find your dream home, you now need to do your due diligence before closing. Part of your due diligence is the home inspection. A home inspection is a professional evaluation of the property. There are many important parts of a home inspection, so it is important to know what is covered during a home inspection.

Foundation, Basement, and Structural Components

The foundation of your home is one of the biggest aspects that must be up to standards. A firm, sound foundation ensures a safe and long life for a home. An inspector wants to make sure your home’s foundation is in tip-top condition. In order to do this, they will look for problems with the foundation, including signs of cracking, shifting, or settling. If you have a basement, they will look for correctly installed insulation and ventilation and signs of structural damage, decay or water intrusion. Structural components in your home such as beams, posts and all load-bearing structures also need to be inspected.

Interior Plumbing and Electrical System

Your home will not run if these systems aren’t in check. When a home inspector checks these systems they will test all faucets and showers for pressure and drainage. They will also make sure there are no damaged pipes or leaking pipes. For electrical, they will make sure the electrical panel has proper labeling, ground and capacity. They will also make sure that all of the outlets, switches, and fixtures are working.

Roof and Rain Gutters

If your roof is not in working order, then you and your home is not protected from the outside elements. A roof inspection will make sure there is no damaged, missing or curling shingles. Water also needs to be directed away from your home. An inspector will make sure your flashing around your chimney and vents is installed correctly along with examining your gutters and downspouts. They will make sure there is proper drainage and no blockages.

Attic and Visible Insulation

The inspector will make sure the heating system is in working order. They will test the system and check for gas leaks or blockages in the flues.

Central Air Conditioning System

If the weather permits, the central air conditioning system will be inspected. An inspector will make sure it cools, the filters and vents are in order and there are no blockages or damage.

Windows and Doors

Another part of your home that can keep the outdoor elements outside and not in. An inspector will make sure they are insulated properly and open and close properly. They will test the windows and doors for safety. Another thing they will look for is rotted or damaged frames as well as broken locks.

Walls, Ceilings, and Floors

The inspector will check the walls for cracks, holes, or any other damaged spots. They will make sure there is no mold, mildew, or water damage along the ceiling or walls. They will make sure that the floors are level and stable with no cracks, creaking or structural issues.

Remember that having a home inspection is a must when you purchase a home. Understanding what is included in a home inspection will help you along wiht your due diligence.

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