SWMBIA Home Expo 2019

The Best In The West !

2019

PREMIER HOME IMPROVEMENT EXPOSITION Sponsored by:

MSU BRICK BREEDEN FIELDHOUSE

LIVING THRU

MARCH 23 - 24, 2019 your home remodel project

SATURDAY - 9AM-5PM - SUNDAY - 10AM-4PM

TRENDING! new styles

&

features in 2019

HOME BUYING 101 quick

&

easy tips on buying a new home

SOUTHWEST MONTANA

BUILDING INDUSTRY ASSOCIATION - BOZEMAN, MONTANA

A SPECIAL PUBLICATION OF

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March 2019 | SWMBIA HOME EXPO

HOME EXPO EDUCATIONAL SEMINARS YOUR STEPS TO HOME OWNERSHIP & IMPROVEMENT START HERE

SATURDAY - MARCH 23RD, 2019

SUNDAY - MARCH 24TH, 2019

10:30 AM New Traeger Grills Kenyon Noble

11:00 AM Affordable Housing - Bozeman Community Housing Needs Assessment City of Bozeman

11:00 AM How the Right Appliances Add Value to Your Home Fred’s Appliance

11:30 AM Home Buyers Education HRDC

11:30 AM Home Buyers Education HRDC 12:00 PM Technology Advancements + Innovation in Siding Wausau Siding Systems

12:00 PM Organic VS Conventional Gardening Kenyon Noble Garden Center 12:30 PM Woodburning Fireplaces for a Healthy Environment Bare’s Stoves & Spa

12:30 PM The Difference Between Household + Commercial Hazardous Waste & What to Do with It Gallatin County Solid Waste

1:00 PM Introducing Your New Pet into Your Household Heart of the Valley Animal Shelter 1:30PM So You’re Thinking of Building a Home - What’s the Process? Jennifer Trainer - Keller Williams

1:00 PM Getting Better Sleep Bobcat Mattress 1:30 PM What a Costco Membership Can Do For You Costco

2:00 PM

2:00 PM Credit Unions - People Helping People Valley Credit Union

2:30 PM

2:30 PM What the Duct? Indoor Air Quality in Your Home Premier Air 3:00 PM How REACH Assists in Integrating Individuals with Disabilities into the Community REACH

3:00 PM

**LIVE RAPTORS** PRESENTATION

MONTANA RAPTOR CONSERVATION CENTER

building Communities

3:30 PM Finding the Right Paints for Your Project featuring Benjamin Moore Paints Kenyon Noble

2019

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DING INDUST

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DON’T FORGET TO GET YOUR PRIZE PASSPORT STAMPED! YOU COULD WIN UP TO $3,000+ OF PRIZES FROM GIFT BASKETS TO GIFT CERTIFICATES TO YOUR FAVORITE LOCAL GETAWAYS!

SWMBIA HOME EXPO | March 2019

WELCOME

TO THE 2019

We

SWMBIA HOME EXPO!

are excited to have you as our guest at southwest Montana’s premier home improvement exposition. This year, we are bigger and better than ever, and we are proud to showcase the services the home building industry can provide you.

At the Southwest Montana Building Industry Association, we strive to make the Gallatin Valley a great place to live, work and play. The 2019 SWMBIA Home Expo is the perfect opportunity to visit with industry professionals and educate yourself at one of our many educational seminars.

The SWMBIA Home Expo has fun for the entire family with our kids area. Build a project with Kenyon Noble’s Junior Carpenters, check out live raptors, and enjoy family-friendly interactive ven-

Whether you are building, remodeling, or just curious, we think you will leave the 2019 SWMBIA Home Expo with more knowledge than when you entered. Thanks for spending some time with us.

dor booths throughout. Some special characters will be on hand plus free kids face-painting.

TABLE OF CONTENTS MILLENNIALS VIEW HOMEOWNERSHIP AS A KEY PART OF THE AMERICAN DREAM ............. 04 HOUSING REMAINS A PRIORITY FOR MOST AMERICANS ........................................ 05 REMODEL OR RELOCATE? QUESTIONS TO HELP YOU FIND YOUR ANSWER ........................ 06 MAKING THE MOST OF NEW ENERGY-EFFICIENT HOMES................................... 07 A SPECIAL PUBLICATION OF

BRYAN MORRISON, MAJESTIC CUSTOM HOMES 2019 SWMBIA CHAIRMAN OF THE BOARD

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March 2019 | SWMBIA HOME EXPO

MILLENNIALS VIEW HOMEOWNERSHIP AS A KEY PART OF THE

AMERICAN DREAM

As

the home building industry celebrates National Homeownership Month in June, new data confirms that homeownership is a key goal of millennials, who are poised to dramatically affect the housing market in the coming years.

In contrast to recent headlines suggesting that millennials are not interested in homeownership, data from the Census Bureau shows that this group is increasingly entering the housing market as first-time buyers.

In fact, the homeownership rate of millennials—at 36 percent—registered the largest gains among all age groups in 2017.

FINANCIAL BENEFITS OF HOMEOWNERSHIP

Millennials recognize the many benefits to homeownership, including the fact that homes are a primary source of net worth for many Americans. The most recent edi-

tion of the Survey of Consumer Finances revealed that the primary residence is the largest household asset.

These homes accounted for about one quarter of all assets held by households in 2016, ahead of other financial assets, business interests and retirement accounts.

OVERCOMING OBSTACLES TO HOMEOWNERSHIP

Qualifying for a mortgage and saving up for a downpayment remain primary obstacles to homeownership. To help address these concerns, Fannie Mae and Freddie Mac – through the Federal Housing Administration (FHA) – offer low-downpayment mortgage programs geared primarily toward the first-time home buyer market.

These lenders offer mortgages with 3% downpayments, allowing more creditworthy borrowers who lack the funds for a large downpayment to obtain a home mortgage.

To ensure that the financing process goes smoothly, buyers should consider pre-qualifying for a mortgage and having a financing commitment in place before shopping for a new home. Buyers also may find that

some home builders have arranged favorable financing for their customers or offer financial incentives.

TOWNHOMES CAN OPEN DOOR TO HOMEOWNERSHIP

While home builders recognize the increasing demand for entry-level homes, rising construction costs and limited lot availability create significant challenges to building smaller, single-family detached homes that are both affordable to first-time buyers and cost-effective for builders.

However, millennials have indicated they are willing to compromise on space, which makes townhouses a more affordable option for buyers ready to purchase their first homes. After experiencing a drop during the Great Recession, the share of new townhome construction has been rising since 2009. According to NAHB analysis of Census data, townhome construction in 2017 was up seven percent from 2016.

Learn more about the benefits of homeownership at the Southwest Montana Building Industry Association (SWMBIA) or nahb.org/forconsumers.

SWMBIA HOME EXPO | March 2019

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HOUSING REMAINS

A PRIORITY FOR MOST AMERICANS

E

ven as housing markets continue to recover at different rates around the country, the American Dream of homeownership remains strong. In fact, an overwhelming four-out-of-five Americans believe that owning a home is a good investment, according to a recent poll commissioned by the National Association of Home Builders (NAHB).

“Most Americans believe that owning a home remains an integral part of the American Dream and that policymakers need to take active steps to encourage and protect homeownership,” said Bryan Morrison, 2019 SWMBIA Chairman of the Board.

The survey responses highlight the many benefits of homeownership, including the solid investment opportunity. Indeed, 82 percent of respondents rate “a home for you to live in” as a good or excellent investment (the highest of six choices), far ahead of the second option, retirement accounts, at 67 percent. They recognize the fact that homeownership is a primary source of net worth for many Americans, and is an important step in accumulating personal financial assets over the long term.

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And, contrary to some concerns about Millennials rejecting the idea of homeownership, 81 percent of 18-29-year-olds want to buy a home. Some Millennials may be taking longer to purchase a home as they work to overcome the primary hurdles to homeownership.

Among those polled, 55 percent said the biggest obstacle to buying a home was finding a home at an affordable price, followed by 50 percent who cited insufficient savings for a down payment and 41 percent who reported difficulty getting approved for a home loan.

Perhaps that is why 72 percent of respondents support the government providing tax incentives to encourage homeownership. Tax benefits, particularly the mortgage interest deduction, which has been included in the tax code for more than 100 years – have been key in developing the American Dream and supporting the aspirations of countless families at all income levels who want to become established home owners.

You can learn more about the homeownership survey at nahb.org. To find out about homeownership opportunities in southwest Montana, contact the Southwest Montana Building Industry Association at (406) 585-8181 or www.swmbia.org.

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March 2019 | SWMBIA HOME EXPO

REMODEL OR

RELOCATE?

QUESTIONS TO HELP YOU FIND YOUR ANSWER

It’s

becoming clear that you’d really like a kitchen where two of you can cook at the same time. A playroom that’s not the living room. Increasingly it seems like there are too many people and not enough bathrooms. Or maybe you’re looking ahead and want your place to be more safe and usable as you age.

You’re ready to make a change and now you have to decide: Remodel or relocate?

There’s no one right answer for every situation. So before you look at houses for sale while also sketching out plans to redo your current master bath and expand your kitchen, take a look at which approach best suits your wants and cans. That way, you can decide the best option to pursue and focus your efforts toward that goal.

ANSWERING THESE QUESTIONS CAN HELP YOU SORT IT OUT: HOW DO YOU FEEL ABOUT YOUR NEIGHBORHOOD? Do your friends and your kids’ friends live there, is your favorite park or coffee shop within walking distance, are the schools a great fit for your family? Or do you keep

wishing you were closer to work, had more open space nearby, had shops within walking distance, or a bigger or smaller yard?

HOW DOES YOUR HOME COMPARE IN VALUE TO OTHERS IN THE NEIGHBORHOOD?

Would your ideal remodel make your home the priciest on the street? If you’re thinking about ease and value of resale, it’s best not to have the most high-end home around. On the other hand, if you’re more concerned that your house be comfortable and convenient for you so that you can stay there a long time, relative value may not matter as much as other factors.

HOW LONG DO YOU EXPECT THIS CHANGE TO SUIT YOU? If your house is feeling small because of kids, how old are they? How much longer do you expect them to be living there? Would converting the basement to a play room give you enough room to spread out? Does square footage per person seem totally inadequate?

OR ARE YOU LOOKING AHEAD TO RETIREMENT?

If so, will you want a smaller home, with less square footage to clean and maintain? Or are you happy with your current home’s size but would like it better configured and equipped for aging?

WHAT IS YOUR TOLERANCE FOR BEING UNDER CONSTRUCTION COMPARED WITH THE DIFFICULTIES OF A MOVE?

How many changes are on your remodeling “to do” list and how long and disruptive would the remodeling process be? Moving is costly. In addition to purchase price, there are costs for closing, fixing up your current house to sell, and making the move. And once you do move, there may also be costs for fixing up the new house.

WHAT’S THE MARKET FOR THE TYPE OF HOME YOU WANT?

How likely are you to find a place that you can afford with the features you’re seeking in a neighborhood of your choice? Check out real estate listings to get sense for what kinds of properties are available and how many choices you can expect to see in your range.

Weigh these factors and that can help you decide if a move or a renovation project is most likely to get you what you want in a home.

For additional resources on remodeling your home or buying a new home, contact Southwest Montana Building Industry Association (SWMBIA) or visit nahb.org/forconsumers.

SWMBIA HOME EXPO | March 2019

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MAKING THE MOST OF NEW ENERGY EFFICIENT

HOMES O

ne of the many benefits of buying a new home is its increased energy efficiency.

Builders are using the latest technologies to reduce household energy consumption, from improved insulation to energy-efficient appliances.

Recent analysis by the National Association of Home Builders (NAHB) shows that, on a per- square-foot basis, the newer a single-family home is, the less energy it uses. And, even though newer homes are larger, their increased efficiency means that homes built since 1999 tend to use the same or slightly less energy than homes built before 1950.

Yet, the energy-efficiency story doesn’t end with the builder – it simply starts there. To realize the greatest efficiency savings, homeowners also must do their part to use energy wisely.

In fact, even though new homes are built to be more efficient, true energy savings will depend on household behavior. That’s because the size of your household and the number of energy-guzzling appliances and electronic gadgets that you use actually have the greatest impact on your electric bill.

UNDERSTANDING YOUR HOME’S ELECTRICITY USAGE

To make smart choices about your home’s electricity usage, it’s important to understand how homes typically use energy. The amount of energy used to heat and cool a home is known as heating, ventilation and air con-

ditioning – or HVAC. Builders generally have a greater influence on the efficiency of a home’s HVAC system as a home is designed and built. In fact, more efficient HVAC equipment installed by builders – and better insulation and sealing – is a key reason for the greater efficiency of new homes.

However, non-HVAC electricity – energy used for things like watching television, charging electronic devices, and using a computer – accounts for more than 70% of a home’s total energy use. That means that most of the energy that a home uses will be based upon the behavior of the household and not the design or construction of the home.

NAHB also analyzed the impact of products usually purchased by a household on overall energy consumption, including an extra freezer, a third television, a home theater connected to a TV and a dehumidifier. The electricity needed to power these products accounted for about twice the amount of electricity required by items usually installed by a builder (e.g., ceiling fans, refrigerator and water heater).

MAKING WISE ENERGY CHOICES

The choices you make everyday about your electricity usage have the most significant impact on your new home’s overall energy consumption. And whether you live in a new or previously-owned home, you have the power to make it even more energy efficient.

HERE ARE A FEW SIMPLE NO- OR LOW-COST TIPS TO IMPROVE YOUR HOME’S EFFICIENCY: LIGHTING: One of the easiest ways to save electric-

ity is to install compact fluorescent or LED light bulbs

both inside and outside your house. This is especially important if you have an outdoor light that remains on overnight. And, start turning off lights in rooms that you are not using.

ELECTRONIC PRODUCTS: With homes using an ever-increasing number of electronic products, it’s important to turn them off when they’re not in use. This includes TVs and computers! To help save the standby power often wasted with these devices, use a power strip to turn off equipment not being used. And don’t forget to unplug small appliances and chargers when they’re not in use or if the electronic device is fully charged. These unused appliances and chargers remain in standby mode and use electricity.

APPLIANCES: Use your dishwasher and washing machine only with full loads. And, use large appliances in the early morning and late evening, when demand for energy is not as high.

PROGRAMMABLE THERMOSTAT: Consider installing a programmable thermostat, which can automatically adjust the temperature of your home when you’re away at work or asleep at night. Even small temperature adjustments can add up to big energy savings.

For more energy-efficiency tips for your home, contact the Southwest Montana Building Industry Association (SWMBIA) or visit nahb.org/forconsumers. To access the NAHB study, How Much Energy Homes Use and Why, visit HousingEconomics.com.

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