MARCH 2020
LifestylePubs.com/Meridian
HOME EDITION MERIDIAN, IDAHO CITY OF PROMISE
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LIFESTYLE LETTER
MARCH 2020 PUBLISHER
Greg Gewalt | greg.gewalt@lifestylepubs.com SALES DIRECTOR
Vince Gewalt | vince.gewalt@lifestylepubs.com
A Birthday, New Ownership, and Celebration of Meridian, our City of Promise EXACTLY A YEAR AGO THIS MONTH, THE MERIDIAN LIFESTYLE MAGAZINE WAS LAUNCHED, SERVING THIS FINE COMMUNITY. In the ensuing months, topics ranging from the arts, human interest to health and fitness were covered featuring the wonderful people and places of this growing city.
SOCIAL MEDIA COORDINATOR
Kendall Houlton | kendallhoulton@gmail.com AD DESIGNER
Whitney Lockhart LAYOUT DESIGNER
Dani Moore CONTRIBUTING WRITERS
Kendall Houlton, Hayden Seder CONTRIBUTING PHOTOGRAPHERS
Charles Knowles
Today, we would like to introduce ourselves to the community. My name is Greg Gewalt and I am the new owner and publisher of the Meridian Lifestyle publication. I am also the brother of Vince Gewalt, Sales Director and as of this March issue, the new owner and publisher of our sister publication, Boise Lifestyle. In short, the Boise and Meridian magazines are now a family publishing affair. Although new to Lifestyle Publications, my own media experience and career in marketing and print publishing will complement and augment the existing Lifestyle
CORPORATE TEAM CHIEF EXECUTIVE OFFICER Steven Schowengerdt CHIEF SALES OFFICER Matthew Perry CHIEF FINANCIAL OFFICER DeLand Shore ART DIRECTOR Sara Minor
Publications management and sales team.
OPERATIONS DIRECTOR Janeane Thompson
While taking on his new role of publisher in Boise, Vince will continue to service both Boise
REGIONAL SALES DIRECTOR Eric Williams
AD MANAGER Chad Jensen
and Meridian as Sales Director. He brings 26 years of experience working with the Treasure
WEB APPLICATIONS Michael O’Connell
Valley business community and with our combined 160,000 readership, we will continue to assist our advertisers gain maximum exposure and business growth. Vince and I look forward to meeting our loyal readers and the business community of Meridian. In the meantime, I would like to extend a special thank you to Richard and Julie Meyer and their work as the previous publisher over the past year. We hope that you enjoy our special March Home Edition, a focus on the continued growth, progress, and promise that is Meridian today.
ARIZONA | CALIFORNIA | COLORADO | CONNECTICUT | FLORIDA | GEORGIA IDAHO | ILLINOIS | KANSAS | MARYLAND | MASSACHUSETTS | MICHIGAN MINNESOTA | MISSOURI | MONTANA | NEVADA | NEW JERSEY | NEW YORK NORTH CAROLINA | OHIO | OKLAHOMA | OREGON | PENNSYLVANIA SOUTH CAROLINA | TENNESSEE | TEXAS | VIRGINIA | WASHINGTON
ON THE COVER Ashford Greens Community
PHOTOGRAPHY BY BECKY’S AERIAL PHOTOGRAPHY FOR REALTOR, MATT BAUSCHER 4
Meridian Lifestyle | March 2020
Greg Gewalt, Publisher
LifestylePubs.com/Meridian
514 W 26TH ST., KANSAS CITY, MO Proverbs 3:5-6 Meridian Lifestyle™ is published monthly by Lifestyle Publications LLC. It is distributed via the US Postal Service to some of the Meridian areas’ most affluent neighborhoods. Articles and advertisements do not necessarily reflect Lifestyle Publications’ opinions. No portion of this magazine may be reproduced in any form without written consent. Lifestyle Publications does not assume responsibility for statements made by advertisers or editorial contributors. Information in Meridian Lifestyle™ is gathered from sources considered to be reliable, but the accuracy of all information cannot be guaranteed.
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WARNING: WARNING: WARNING: THE THE CALIFORNIA THE CALIFORNIA CALIFORNIA DEPARTMENT DEPARTMENT DEPARTMENT OF REAL OF REAL OF ESTATE REAL ESTATE HAS ESTATE HAS NOTHAS NOT INSPECTED, NOT INSPECTED, INSPECTED, EXAMINED, EXAMINED, EXAMINED, OR QUALIFIED OR QUALIFIED OR QUALIFIED THISTHIS OFFERING. THIS OFFERING. OFFERING. WARNING: WARNING: THE CALIFORNIA WARNING: THE CALIFORNIA THE DEPARTMENT CALIFORNIA DEPARTMENT OF DEPARTMENT REAL OF ESTATE REALHAS OF ESTATE REAL NOTHAS ESTATE INSPECTED, NOTHAS INSPECTED, NOT EXAMINED, INSPECTED, EXAMINED, OR QUALIFIED EXAMINED, OR QUALIFIED THIS OR QUALIFIED OFFERING. THIS OFFERING. THIS OFFERING.
INSIDE THE ISSUE MARCH 2020
FEATURES 10 Meridian, Idaho City of Promise Meridian Is Destined to Expand Even Further in 2020
14 Building the Future of Meridian Introducing Local Builders Who Contribute to a Lifestyle We All Have Come to Enjoy
28 Giving the Home Buyer What They Want A Unique Lifestyle in an Eagle, Live/ Work Community
34 Investment Property Mike Kirby of First Federal
14
Bank Speaks to Treasure Valley Rental Property
28
10 34 DEPARTMENTS 4
Lifestyle Letter
8
Good Times
10
Our Town
14
Open House
32 Lifestyle Calendar 34 Financial Buzz
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GOOD TIMES 1.
2.
3.
Robert Simison Sworn in as Meridian's New Mayor After nearly two decades under Tammy de Weerd's leadership, Robert Simison, who served as de Weerd's chief of staff for 12 years, was elected in November to succeed her as mayor of Meridian. On January 7th, Robert Simison was sworn in along with three new council members, Brad Hoaglun, Jessica Perreault and Liz Strader. PHOTOS BY VALERIE GARRETT AND MERIDIAN CITY
4.
5.
6.
1. Thank you Mayor Tammy for 16 years of service | 2. Meridian Chamber Valerie Garrett with Mayor Robert Simison | 3. Tammy de Weerd swearing in new mayor, Robert Simison | 4. Jessica Perreault | 5. Brad Hoaglun | 6. Liz Strader
8
Meridian Lifestyle | March 2020
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March 2020 | Meridian Lifestyle
9
OUR TOWN
Meridian - City of Promise MERIDIAN IS DESTINED TO EXPAND EVEN FURTHER IN 2020
CHANGE IS A CONSTANT. And delicious coffee is a constant. But if the number of coffee spots per mile is an indicator of a growing town, then Meridian is definitely taking advantage of a brewmaster’s economy of scale. Like so many of America’s growing communities, the Boise Metro Area is basking in modern Kaffeeklatsches, the quintessentially ultra-cool spaces that look more New York than Small(er) Town Idaho. Many of the customers are contractors, builders and home designers who order everything from a strong cup of joe to caramel lattes, a clear sign of the Treasure Valley’s thirst for America’s favorite drink.
ARTICLE KENDALL HOULTON | PHOTOGRAPHY & GRAPHIC BY CITY OF MERIDIAN 10
Meridian Lifestyle | March 2020
One such transformation is the iconic double drive-
Fido to Storey Bark Park. The display of art and cultural
through building on E. Williams Street off Franklin and
acceptance is exhibited throughout the window displays
Main, now occupied by Mountain Timber Coffee. Formerly
of shopping centers and within galleries. And “it’s safe to
the Moxie Java and Big Star, the new owners of Mountain
walk to your car at night by yourself,” says a resident who
Timber Coffee, Stacia and Matt Taplin, have created a cool-
recently relocated to Meridian from Syracuse, NY.
road-house-vibe mixed in with some brew specialties. Both
The main draw to Meridian are the many family offer-
owners have been serving coffee from their sister flagship,
ings. The city has beautiful parks such as Settlers Park
Mocha Moose, located in Boise and in 2018, they decided
and Julius M. Kleiner Memorial Park, featuring frisbee
to jump into the Meridian market, hedging their bets on the
golf and volleyball courts, beautiful seasonal landscap-
insatiable caffeine needs of the Meridian community.
ing, ponds and play areas for children.
As the love for coffee seems unstoppable, so does the love for this growing community. Located in the heart of the greater Boise area, Meridian is destined to expand even further in 2020, with construction permits outpacing nearby Nampa and Eagle due in part to the close proximity to the city of Boise. As highlighted by Livability.com, Meridian has landed the 2019 top spot to raise a family among the Top 100 Best Places to Live ranking. According to Brad Smith, chief deputy for the Ada County Assessor’s Office, there was in 2018 an average of 13 houses being newly occupied every day in Ada County. Five of those
The main draw to Meridian are the many family offerings. The city has beautiful parks such a s S e t t l e r s Pa r k a n d J u l i u s M . K l e i n e r M e m o r i a l Pa r k , f e a turing frisbee golf and volleyball courts, beautiful seasonal landscaping, ponds and play areas for children.
houses were in Meridian - double than in any other city. Young families and retirees are drawn to Meridian
In January Meridian welcomed a new mayor, Robert
because it’s one of the safest communities in the nation.
Simison, who takes over from Tammy de Weerd who
Additionally, the area’s combination of work-life-pleasure
served the community for the past 16 years. Traffic and
balance, affordability and DIY spirit make it the perfect
transportation issues will be Mayor Simison’s two top
place for young entrepreneurs, tech startups and “work-
priorities heading into the new decade. We can expect
ing retirees” (those who retire and start new endeavors
to see some healthy debates over property taxes, infra-
or are leisurely self-employed). And as many residents
structure funding, traffic and zoning issues in this com-
can attest, Meridian is certainly a community where kids
ing year. Certainly, a fresh, strong pot of coffee may be
can be kids, playing football and skateboarding past sun-
exactly what’s needed as we welcome Spring in our
down at the McDevitt Park and where retirees can walk
beautiful community of Meridian! March 2020 | Meridian Lifestyle
11
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Meridian Lifestyle | March 2020
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OPEN HOUSE
building the future
of meridian
TOP: Brighton Homes BOTTOM: Boise Hunter Homes
ARTICLE KENDALL HOULTON
14
Meridian Lifestyle | March 2020
THE HOME BUILDERS OF THE TREASURE VALLEY ARE A BUSY LOT. Boise and its adjacent cities, such a Meridian and Eagle, are growing by leaps and bounds, attracting people from all over the country. And these future residents are in need of housing, both large and small. Thanks to the home builders of this area, attractive and architecturally pleasing residences have been developed for them. The choices are manifold and tailored to the desires of both growing families and empty-nesters, or retirees. The Meridian Lifestyle Magazine is proud to introduce you to the members of this most important trade industry, who by their talents and attention to the latest details, contribute meaningfully and significantly to a lifestyle we all have come to enjoy. (*Editor’s note: Answers edited to accommodate space limitations.)
TOP: Maddyn Homes BOTTOM: CBH Homes
CONTINUED >
March 2020 | Meridian Lifestyle
15
OPEN HOUSE (CONTINUED)
Lars Hansen, Brighton Homes
Jim & Jan Hunter, Boise Hunter Homes
BRIGHTON HOMES
Q - ARE LARGER HOMES STILL THE RAGE OR NOT? A - I would consider a large home for our market to be
Q - WHO ARE YOUR BUYERS AND WHERE ARE THEY
anything over 3000 square feet.
COMING FROM? ARE THEY YOUNG FAMILIES OR
Q - HOW DID YOU GET INTO THE BUSINESS?
EMPTY NESTERS
A - When I was 21 years old I began designing custom
A - Brighton has created a variety of remarkable communi-
homes at a small design firm while attending college. After
ties which appeal to a wide range of individuals.
graduating with my Professional Degree in Architecture, I
Q - WHAT KINDS OF UPGRADES ARE PEOPLE
worked at large architecture firms in Portland, Oregon and
LOOKING FOR?
Boise, Idaho. When the “great-recession” began in 2006, I
A - Brighton Homes believes that all homes must be three
left that company and joined Brighton Corporation.
things; well-built, highly-functional, and beautiful.
Q - ARE BUYERS LOOKING FOR AMENITIES SUCH
Q - ARE KITCHENS AND BATHROOMS STILL ON TOP OF
AS
PEOPLE’S LIST OR IS IT MULTIPLE BEDROOMS, GAME
POOLS, TENNIS COURTS OR IS THAT NOT IMPORT-
ROOMS, OUTDOOR LIVING SPACE, WINE CELLARS?
ANT WITH BUYERS?
A - Functional outdoor spaces are highly desirable. The best
A - What a “complete lifestyle” represents to an individual
approach is for builders to design homes with flexible layouts.
varies depending on their stage of life, but there are some
Q - DO BUYERS WANT ENERGY EFFICIENT HOMES
things that overlap all groups.
SUCH AS SOLAR PANELS?
Q - ARE CASH BUYERS STILL OUT THERE?
A - In Southwestern Idaho, we are fortunate to have access
A - We have had a number of buyers who have purchased
to affordable renewable energy provided by hydro-electric,
their new home with cash in the last year.
wind and solar sources.
Q - DO YOU SELL YOUR OWN HOUSES OR THROUGH
Q - HOW MUCH IS THE AVG. SQ FT COST TO BUILD
REAL ESTATE OFFICES?
A HOME TODAY VS 5 YEARS AGO? ARE MATERIALS
A - All of our homes are listed by Epic Realty in
COST GOING UP?
Meridian, Idaho.
COMMUNITY
CLUB
HOUSES,
SWIMMING
A - Over the last 5 years, land material and labor costs have increased steadily. 16
Meridian Lifestyle | March 2020
Brighton Homes Website: brightonhomes-idaho.com
Q - DO BUYERS WANT ENERGY EFFICIENT HOMES SUCH AS SOLAR PANELS? Sherburne-Marrs Homes
A - Every buyer wants to make sure their new home is efficient and we help them understand just how efficient it is. Q - ARE LARGER HOMES STILL THE RAGE OR NOT? A - One of the things we especially hear from out-of-state buyers is that they are often moving here because they want more space. Q - HOW DID YOU GET INTO THE BUSINESS? A - Our founder, Jim Hunter, is a civil engineer and worked for another home builder for 15 years. When the patriarch of that company passed away, Jim decided to start Boise Hunter Homes in 2007.
BOISE HUNTER HOMES
Q - ARE BUYERS LOOKING FOR AMENITIES SUCH AS
COMMUNITY
CLUB
HOUSES,
SWIMMING
Q - WHO ARE YOUR BUYERS AND WHERE ARE THEY
POOLS, TENNIS COURTS OR IS THAT NOT IMPORT-
COMING FROM? ARE THEY YOUNG FAMILIES OR
ANT WITH BUYERS?
EMPTY NESTERS?
A - Buyers are absolutely interested in the community ame-
A - Because we have four communities, each with different
nities. In fact, in the Treasure Valley with so many different
price points, different floor plans, and positioned in differ-
communities, the existence of such amenities are expected.
ent areas of town, we see a wide variety of buyers.
Q - ARE CASH BUYERS STILL OUT THERE?
Q - WHAT KINDS OF UPGRADES ARE PEOPLE
A - Cash buyers are not very common for us.
LOOKING FOR?
Q - DO YOU SELL YOUR OWN HOUSES OR THROUGH
A - The following are all things that we do as standard
REAL ESTATE OFFICES?
items: a large master suite, covered patio, 3-car garage, 10
A - We have a team of two dedicated agents in each of
ft. ceilings and 8 ft. doors, expansive kitchen layouts.
our communities, stationed at our model homes.
Q - ARE KITCHENS AND BATHROOMS STILL ON TOP OF
Q - TELL US YOUR STORY
PEOPLE’S LIST OR IS IT MULTIPLE BEDROOMS, GAME
A - When Jim Hunter started Boise Hunter Homes in 2007,
ROOMS, OUTDOOR LIVING SPACE, WINE CELLARS?
Jim invested in land instead of building dozens of homes and
A - It depends on who you are selling to, but we tend to find
that focus was key to our company’s continued success.
that lot size, high-quality finishes, and garage space are our buyer’s top priorities.
Website: boisehunterhomes.com
CONTINUED >
March 2020 | Meridian Lifestyle
17
Idaho Idaho Power’s Power’s Idaho Power’s Residential Residential New New Construction Construction Pilot Pilot Program Program Residential New Construction Pilot Program Idaho Power’s offers offers builders builders a cash a cash incentive incentive to build to build energy-efficient, energy-efficient, offers builders a cash New incentiveConstruction to build energy-efficient,Pilot Program Residential all-electric all-electric single-family single-family homes homes withwith heatheat pumps. pumps. all-electric single-family homes with heat pumps. offers builders a cash incentive to build energy-efficient, Building Building an energy-efficient an energy-efficient home home provides provides increased increased comfort, comfort, all-electric homes with heat pumps. Building ansingle-family energy-efficient home provides increased comfort, lower lower maintenance maintenance costscosts and and a healthier a healthier environment. environment. lower maintenance costs and a healthier environment. Building an energy-efficient home provides increased comfort, lower maintenance costs and a healthier environment.
idahopower.com/newhomes idahopower.com/newhomes idahopower.com/newhomes idahopower.com/newhomes
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OPEN HOUSE (CONTINUED)
Enzler Family, Maddyn Homes
Corey Barton, CBH Homes
MADDYN HOMES
Q - ARE LARGER HOMES STILL THE RAGE OR NOT? A - Square footage is less of the focus in the market that
Q - WHO ARE YOUR BUYERS AND WHERE ARE THEY
we focus on.
COMING FROM? ARE THEY YOUNG FAMILIES OR
Q - HOW DID YOU GET INTO THE BUSINESS?
EMPTY NESTERS?
A - Growing up my father was a builder. My summer jobs
A - We pride ourselves in meeting and appealing to a broad
were always on the construction site where I mastered
spectrum of buyers. We have built homes for local young
the shovel and any job no one else wanted to do!
couples to empty nesters.
Q - ARE BUYERS LOOKING FOR AMENITIES SUCH
Q - WHAT KINDS OF UPGRADES ARE PEOPLE
AS
LOOKING FOR?
POOLS, TENNIS COURTS OR IS THAT NOT IMPORT-
A - Most people tend to gravitate towards trim and fin-
ANT WITH BUYERS?
ish upgrades.
A - Yes. Buyers are looking for a community that feels like
Q - ARE KITCHENS AND BATHROOMS STILL ON TOP OF
home but is removed from the hustle and bustle.
PEOPLE’S LIST OR IS IT MULTIPLE BEDROOMS, GAME
Q - ARE CASH BUYERS STILL OUT THERE?
ROOMS, OUTDOOR LIVING SPACE, WINE CELLARS?
A - Yes! In the past 12 months we have seen a steady supply.
A - Kitchens and bathrooms are still hitting at number one
Q - DO YOU SELL YOUR OWN HOUSES OR THROUGH
- open floor plans next.
REAL ESTATE OFFICES?
Q - DO BUYERS WANT ENERGY EFFICIENT HOMES
A - Tayler Jade Real Estate is our real estate team.
SUCH AS SOLAR PANELS?
Q - TELL US YOUR STORY
A - Yes. Again, buyers are more educated than ever.
A - As mentioned above, my father was and still is in con-
Q - HOW MUCH IS THE AVG. SQ FT COST TO BUILD
struction. From him I learned how to work and how to care
A HOME TODAY VS 5 YEARS AGO? ARE MATERIALS
about the job I was doing. Growing up around construc-
COST GOING UP?
tion and Real Estate I became passionate about both.
COMMUNITY
CLUB
A - That’s all relative to what home you are building and what you are putting in the home. 20
Meridian Lifestyle | March 2020
Website: maddynhomes.com/
HOUSES,
SWIMMING
Q - HOW MUCH IS THE AVG. SQ FT COST TO BUILD A HOME TODAY VS 5 YEARS AGO? ARE MATERIALS COST GOING UP? A - Yes, materials and labor go up. We work closely with our partners to be efficient as possible [and] to keep costs low so that we can provide the best pricing for our buyers. Q - ARE LARGER HOMES STILL THE RAGE OR NOT? A - Some people are looking to downsize, others have Clark & Co Homes
growing families and need more bedrooms and storage. Q - HOW DID YOU GET INTO THE BUSINESS? A - Raised in Boise, Corey Barton got his early start in
CBH HOMES
the construction industry as a framer. After many years of working for several Treasure Valley builders, and in 1992,
Q - WHO ARE YOUR BUYERS AND WHERE ARE THEY
Barton began building homes in Ada County.
COMING FROM? ARE THEY YOUNG FAMILIES OR
Q - ARE BUYERS LOOKING FOR AMENITIES SUCH
EMPTY NESTERS?
AS
A - Our buyers are the young, hip crowd, the growing fam-
POOLS, TENNIS COURTS OR IS THAT NOT IMPORT-
ily looking for more room for extra feet (or paws), and the
ANT WITH BUYERS?
[empty nesters]. We see quite a bit of in-state buyers [and]
A - Swimming pools are definitely a hot commodity.
some buyers from surrounding states.
Other important community amenities are things like
Q - WHAT KINDS OF UPGRADES ARE PEOPLE
parks, nearby schools, restaurants and shopping.
LOOKING FOR?
Q - ARE CASH BUYERS STILL OUT THERE?
A - The interior design team hand selects each and every
A - Absolutely! We see a good number of cash buyers.
finish such as EVP flooring, stainless steel appliances, solid
Q - DO YOU SELL YOUR OWN HOUSES OR THROUGH
surfaces and more so that buyers have more time instead
REAL ESTATE OFFICES?
of choosing upgrades.
A - CBH has a wonderful team of in house Sales
Q - ARE KITCHENS AND BATHROOMS STILL ON TOP OF
Specialists to help buyers find homes.
PEOPLE’S LIST OR IS IT MULTIPLE BEDROOMS, GAME
Q - TELL US YOUR STORY
ROOMS, OUTDOOR LIVING SPACE, WINE CELLARS?
A - A local native to Boise, Corey started in the construc-
A - Kitchens are at the top of the list. People also ask about
tion industry as a window guy, moving onto a framer, and
office space, bonus rooms, master bedroom on the main
then working for home builders in the Boise area. Today,
level and lots of storage space!
the company that started with just one man, has grown
Q - DO BUYERS WANT ENERGY EFFICIENT HOMES
to include a real estate brokerage, HVAC company, truss
SUCH AS SOLAR PANELS?
plant, and interior finishes supplier.
COMMUNITY
CLUB
HOUSES,
SWIMMING
A - We have not seen any demand for this as it still seems to be cost ineffective.
Website: cbhhomes.com/
CONTINUED >
March 2020 | Meridian Lifestyle
21
OPEN HOUSE (CONTINUED)
Jared Sherburne, Sherburne-Marrs Builders
Dan & Emily Clark, Clark & Co. Homes
SHERBURNE-MARRS HOMES
Q - ARE LARGER HOMES STILL THE RAGE OR NOT? A - Truly varies from client to client.
Q - WHO ARE YOUR BUYERS AND WHERE ARE THEY
Q - HOW DID YOU GET INTO THE BUSINESS?
COMING FROM? ARE THEY YOUNG FAMILIES OR
A - I was brought up in the construction and new home
EMPTY NESTERS?
industry and was blessed enough to get to learn the
A - The buyers are coming from the Pacific Northwest and
building business from Mike Marrs at a young age.
California. Our attention to detail and quality seem to be
Q - ARE BUYERS LOOKING FOR AMENITIES SUCH
best suited to empty nesters.
AS
Q - WHAT KINDS OF UPGRADES ARE PEOPLE
POOLS, TENNIS COURTS OR IS THAT NOT IMPORT-
LOOKING FOR?
ANT WITH BUYERS?
A - Truly varies from client to client
A - Without a doubt!
Q - ARE KITCHENS AND BATHROOMS STILL ON TOP OF
Q - ARE CASH BUYERS STILL OUT THERE?
PEOPLE’S LIST OR IS IT MULTIPLE BEDROOMS, GAME
A - Absolutely, our clients are mostly all cash.
ROOMS, OUTDOOR LIVING SPACE, WINE CELLARS?
Q - DO YOU SELL YOUR OWN HOUSES OR THROUGH
A - Certainly kitchens and bathrooms are still at the top, but
REAL ESTATE OFFICES?
outdoor spaces seem to be a focus as well.
A - Lane Ranstrom with Epic Realty and his Team sell
Q - DO BUYERS WANT ENERGY EFFICIENT HOMES
most homes.
SUCH AS SOLAR PANELS?
Q - TELL US YOUR STORY
A - We are very rarely asked about energy efficient features.
A - A sole proprietor of Sherburne-Marrs, LLC, and a sec-
Q - HOW MUCH IS THE AVG. SQ FT COST TO BUILD
ond-generation Idaho Developer/Builder and sixth gen-
A HOME TODAY VS 5 YEARS AGO? ARE MATERIALS
eration Idahoan, building homes in the Treasure Valley
COST GOING UP?
since 1998.
COMMUNITY
CLUB
HOUSES,
A - In the last five years, building costs have risen pretty close to $100 psf. 22
Meridian Lifestyle | March 2020
Website: Sherburne-Marrs.com
SWIMMING
Q - HOW MUCH IS THE AVG. SQ FT COST TO BUILD A HOME TODAY VS 5 YEARS AGO? ARE MATERIALS COST GOING UP? A - Material costs do continue to go up, especially this Solitude Homes
year with the tariffs that were put in place. Q - ARE LARGER HOMES STILL THE RAGE OR NOT? A- Most of our clients aren’t interested in building homes
CLARK & CO HOMES
with rooms they hardly use. Q - HOW DID YOU GET INTO THE BUSINESS?
Q - WHO ARE YOUR BUYERS AND WHERE ARE THEY
A - Dan and Emily established Clark & Co Homes in 2011
COMING FROM? ARE THEY YOUNG FAMILIES OR
with the mission of bringing creative design solutions to
EMPTY NESTERS?
the Treasure Valley.
A - California and Washington and our clients are both fam-
Q - ARE BUYERS LOOKING FOR AMENITIES SUCH
ilies and empty nesters.
AS
Q - WHAT KINDS OF UPGRADES ARE PEOPLE
POOLS, TENNIS COURTS OR IS THAT NOT IMPORT-
LOOKING FOR?
ANT WITH BUYERS?
A - Millwork, engineered hardwoods, stone countertops,
A - Yes, out-of-staters love subdivision amenities.
appliances, and smart home technology
Q - ARE CASH BUYERS STILL OUT THERE?
Q - ARE KITCHENS AND BATHROOMS STILL ON TOP OF
A - Yes
PEOPLE’S LIST OR IS IT MULTIPLE BEDROOMS, GAME
Q - DO YOU SELL YOU OWN HOUSES OR THROUGH
ROOMS, OUTDOOR LIVING SPACE, WINE CELLARS?
REAL ESTATE OFFICES?
A - Kitchen & baths for sure, but media/bonus rooms are
A - We sell ourselves
also very popular. Entertaining areas in general are given a
Q - WHAT IS SOMETHING YOU PREFER NOT TO
high priority.
HEAR FROM POTENTIAL BUYERS?
Q - DO BUYERS WANT ENERGY EFFICIENT HOMES
A - We have worked hard to set our boutique building
SUCH AS SOLAR PANELS?
company apart.
COMMUNITY
CLUB
HOUSES,
SWIMMING
A - Energy is still so relatively inexpensive here in Idaho that investing in solar technology isn’t a high priority.
Website: clarkandcohomes.com
CONTINUED >
March 2020 | Meridian Lifestyle
23
OPEN HOUSE (CONTINUED)
Cody Weight & Family, Solitude Homes
SOLITUDE HOMES
Greg & Courtland Coman, Luxury Homes of Idaho
five years, we’ve seen an approximate increase of $30 a square foot
Q - WHO ARE YOUR BUYERS AND WHERE ARE THEY
Q - ARE LARGER HOMES STILL THE RAGE OR NOT?
COMING FROM? ARE THEY YOUNG FAMILIES OR
A - Buyers tend to be downsizing but families with chil-
EMPTY NESTERS?
dren are finding they get more for their money for a 3,800
A - In the past, we were getting more empty-nesters from
sq ft dual level home or in-law units for extended family.
California but we are seeing more and more families look-
Q - HOW DID YOU GET INTO THE BUSINESS?
ing for larger family homes. Also, we receive a number
A - I always knew I wanted to be in construction since a
requests for ADU’s.
young age. My father was in construction which intro-
Q - WHAT KINDS OF UPGRADES ARE PEOPLE
duced me to the business. I had transitioned from being
LOOKING FOR?
a project manager to become a custom builder.
A - Maintenance-free homes, energy efficiencies, outdoor
Q - ARE BUYERS LOOKING FOR AMENITIES SUCH
kitchens and outdoor fireplaces. We include all of these
AS
type upgrades in our custom homes.
POOLS, TENNIS COURTS OR IS THAT NOT IMPORT-
Q - ARE KITCHENS AND BATHROOMS STILL ON TOP OF
ANT WITH BUYERS?
PEOPLE’S LIST OR IS IT MULTIPLE BEDROOMS, GAME
A - Security of Community CCR’s is appealing for some.
ROOMS, OUTDOOR LIVING SPACE, WINE CELLARS?
However, clients are also interested in neighborhoods
A - Having an adequate number of bathrooms such as
that are not part of an HOA.
a 3bd/3ba is a high priority, ideally ensuite bathrooms.
Q - ARE CASH BUYERS STILL OUT THERE?
Flexible living space also remains very popular.
A - Yes, buyers are coming with cash from a sale of
Q - DO BUYERS WANT ENERGY-EFFICIENT HOMES
another property, often from California
SUCH AS SOLAR PANELS?
Q - DO YOU SELL YOUR OWN HOUSES OR THROUGH
A - Not so much - energy-efficient construction is a priority
REAL ESTATE OFFICES?
more so than solar or battery storage features.
A - We work with various real estate offices depending
Q - HOW MUCH IS THE AVG. SQ FT COST TO BUILD
on the community.
COMMUNITY
CLUB
HOUSES,
SWIMMING
A HOME TODAY VS 5 YEARS AGO? ARE MATERIALS COST GOING UP? A - The costs have remained pretty stable. Over the last 24
Meridian Lifestyle | March 2020
Solitude Homes Website: solitudehomes.com/
Luxury Homes of Idaho
LUXURY HOMES OF IDAHO
people value. Bigger isn’t always better when it comes to a custom home.
Q - WHO ARE YOUR BUYERS AND WHERE ARE THEY
Q - HOW DID YOU GET INTO THE BUSINESS?
COMING FROM? ARE THEY YOUNG FAMILIES OR
A - I started building houses in Boise in the early 90s and
EMPTY NESTERS?
I was always drawn to it. After college I worked in project
A - As of late, our clientele has consisted of mostly out of
management in New York City for 6 years and found the
state buyers looking for premier, higher end homes.
skill set was very similar and overlapped with the process
Q - WHAT KINDS OF UPGRADES ARE PEOPLE
my dad had mastered in Boise.
LOOKING FOR?
Q - ARE BUYERS LOOKING FOR AMENITIES SUCH
A - Every client is different, and different people value different
AS
things, so it really just depends on the clients personal tastes.
POOLS, TENNIS COURTS OR IS THAT NOT IMPORT-
Some common areas we’ve seen people put extra effort into
ANT WITH BUYERS?
are cabinetry, natural stone and extensive use of hardwood.
A - Again everyone is different, some people couldn’t
Q - ARE KITCHENS AND BATHROOMS STILL ON TOP OF
care less about a community swimming pool or gym.
PEOPLE’S LIST OR IS IT MULTIPLE BEDROOMS, GAME
Q - ARE CASH BUYERS STILL OUT THERE?
ROOMS, OUTDOOR LIVING SPACE, WINE CELLARS?
A- Yes, they most certainly are.
A - Outdoor living space is definitely emphasized, and we
Q - DO YOU SELL YOU OWN HOUSES OR THROUGH
are still seeing a lot of wide open plans with kitchen and
REAL ESTATE OFFICES?
great rooms sort of blending into one another.
A - Usually via real estate offices. Missy Coman real
Q - DO BUYERS WANT ENERGY EFFICIENT HOMES
estate broker at Keller Williams. They do a fantastic job
SUCH AS SOLAR PANELS?
with everything.
A - Yes, people usually want to be as efficient as possible...
Q - TELL US YOUR STORY
but not necessarily solar panels.
A - I grew up in Boise and have watched it transform
Q - HOW MUCH IS THE AVG. SQ FT COST TO BUILD
into what it is today. Our family is 5th generation (I think)
A HOME TODAY VS 5 YEARS AGO? ARE MATERIALS
Idahoan so we really really care about the direction of
COST GOING UP?
our state and more specifically our city. It’s exciting, and
A - Everything is going up. I would say it is probably 30%
we’re lucky to be a part of it. I think building a truly custom
higher than it was 5 years ago.
home is a process that should be fun for the owners.
COMMUNITY
CLUB
HOUSES,
SWIMMING
Q - ARE LARGER HOMES STILL THE RAGE OR NOT? A - Not necessarily. I think we’ve seen a shift in what
Website: http://luxuryhomesofidaho.com/ March 2020 | Meridian Lifestyle
25
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Meridian Lifestyle | March 2020
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no J. Tyler Gilma
y
ARTICLE GREG GEWALT
pO
ne |
Sotheby ’s
A JOURNEY TOWARD A UNIQUE LIFESTYLE IN AN EAGLE, LIVE/WORK COMMUNITY
28
Meridian Lifestyle | March 2020
i
on
fG
al R
ealt
GIVING B U Y E R S W H AT T H E Y WA N T ro u
rn Inte
at
REAL ESTATE SEEMED LIKE IT MIGHT BE AN EASY TRANSITION FOR J. TYLER GILMAN AFTER SEVEN GRUELING BUT REWARDING YEARS AS AN OWNER OF A RESTAURANT / NIGHT CLUB IN VIRGINIA BEACH. “I guess I thought the hours couldn’t be any Worse,” he chuckles! With a fresh salesperson’s license in hand, Tyler Gilman, a local Realtor first sold lots and vacation homes on the Outer Banks of North Carolina to families from all over the country. Gilman’s brother was already here in Boise developing a significant reputation as a custom home builder and he enticed his older brother to make the move to Idaho after several whitewater rafting trips, skiing expeditions and the promise to build him a home. Gilman started selling property across the Treasure Valley and quickly learned that he had a great interest in the land development process and bringing residential product forward to the homeowner in a way that makes the experience unique to the clientele. These efforts led to an opportunity to join the development team for a fledgling master planned community that was being proposed just over the hill from Boise. Hidden Springs was 1,884 acres in size with over half of its total land area devoted to protected open space. There would be an elaborate trail system, a charter school, a mercantile, a community garden, a library and a housing offering unlike anything seen before in Boise. With a lot of determination from a very talented team, the dream was realized, and Hidden Springs took the first-place award for the best Smart Growth Community in the United States in the year 2000 from the National Association of Home Builders. Gilman has enjoyed an extraordinary business and personal growth relationship with his current brokerage of the past 18 years. Group One, with its recent affiliation to the Sotheby’s International Realty brand and with Brad and Kalinn at the helm, provides its practitioners with a refined skill set required by developers of large-scale projects like Lakemoor, a project that Gilman refers to as “the ‘Crown Jewell’ of CONTINUED >
March 2020 | Meridian Lifestyle
29
GIVING BU Y ERS WHAT THE Y WANT (CONTINUED) the Eagle corridor!” He joined the Lakemoor development/marketing
community where you walk to work and many of the household ser-
team in 2018 and has been drinking from the firehose since! Developer
vices you need are just as close as your neighborhood pools and
Dennis Baker works to outdo himself with each new offering after the
your greenbelt access? Welcome to Lakemoor," Gilman declares!
success of Island Woods and Two Rivers and the way those com-
The current phase is known as Elevation as it describes the geo-
munities have matured over the years. “Baker’s focus on every single
graphic change from homes situated on the valley floor rising to homes
aspect of the design of the community right down to the landscaping
on the Chinden bench. As you can imagine, the views of the foothills
shows a passion for doing it right and doing it in a way that creates a
from these properties are simply magnificent. The newest phase offer-
sense of place, community and value for our residents.”
ing will be known as The Pointe at Lakemoor and this neighborhood of 16 homes will come on during the winter 2020 season. A subsequent
The vistas across the duck lined ponds to the B oise River and then to the snow-capped foothills beyond is absolutely inspiring.
phase of 32 elegant townhomes is being developed now near the sports pavilion where pickleball is all the rage. Lot sizes are definitely getting smaller as land for residential development becomes scarcer and more expensive. The Lakemoor homeowners are taking this in stride. According to Gilman, “residents are active, physical people with a passion for the outdoors. Well-designed homesites with little lawn maintenance appeals to their desire to have more time on the greenbelt, less time on the mower. There seems also to be a strong interest among our clients for a high level of amenities within the community and also within their homes; size of the dwelling has
Gilman further emphasizes, “Lakemoor is Eagle’s premier, gated,
become less a factor.” The team at Dennis Baker and Associates has
waterfront community. The vistas across the duck lined ponds to
done an extraordinary job over the years giving the home buyer what
the Boise River and then to the snow-capped foothills beyond is
they want in the way of community design and product segmentation
absolutely inspiring. There is a strong flavor of diversity in this neigh-
rather than building what the developer wants and hoping the buyers
borhood of 317 homes on 180 acres. Partially because of the strong
will show up. In that vein, Gilman remains very excited about a future
architectural controls but also because the community is “open”. You
offering in Lakemoor up on the Chinden bench that may include high-
are able to buy a homesite and bring your own builder or choose
end town homes featuring spectacular views of the Boise Front Range.
your builder from our team of the top talent in the Treasure Valley.
“I want to be a resource to the Lifestyle magazine readers as they nav-
Either way you’ll begin your journey toward a unique lifestyle in an
igate the challenges of deciding where and when with their next home.
Eagle, Live/Work Community.” The recent acquisition of T Sheets by
The building process can be a wonderful experience when you align your
Intuit has led to the construction of a sister building on the Lakemoor
wants and needs with the right community, agent, lender and contractor.”
office campus. The Luxe Theatre is open, Café Yumm, Red Bench
Gilman and his team are here to help make that process seamless.
Pizza, Stellas’ and Boise Juice Company beckon you just steps from your front door. “Wouldn’t it be awesome to live in the same
Website: https://www.grouponesothebysrealty.com/eng
COME IN AND SEE OUR NEWLY REMODELED SALON.
1965 S. Eagle Rd Ste 110 (208) 887-7955 rainsalonandspa.org 30
Meridian Lifestyle | March 2020
W H AT I F YOUR CHILD LEARNED
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2-3 CONFERENCE ON HOUSING & ECONOMIC DEVELOPMENT Boise Center
MARCH
LIFESTYLE CALENDAR
Idaho’s premier housing and economic
development
conference
nationally
recognized
features
speakers, workshops, and networking opportunities. Learn more at idahohousingconference.com.
5-8 IDAHO SPORTSMAN SHOW Expo Idaho
stay warm CO O L PEO PL E WITH YORK
Enjoy Fall inside the comfort of your home.
Idaho Sportsman Show will be an exhibition on camping shows, RV, boat & marine shows, and power sports and other adventurous events and outdoor activities. For more information: www.idahosportsmanshow.com
7 BOISE SPRING RUN
Julia Davis Park, Boise
5K, 10K, and half marathon spring race! This course is extremely flat AND fast and winds through some of Boise's most beautiful neighborhoods along the Boise River. Participants get a T-shirt, finisher medal and awards for top three male/female overall finishers for each distance. To register visit: www.springruns.com/
13 BUTTE IN BOISE - A ST. PATRICK'S DAY CELEBRATION Boise Centre
Ready for fun this St. Patrick’s Day?
721 N. Ralstin St. Meridian | 208-336-2665
advancedheatingandcooling.com
All are invited to Butte in Boise – where we’ll party like they do in Butte, home to one of the largest St. Patrick’s Day celebrations in the country! Join us and celebrate with
32
Meridian Lifestyle | March 2020
MARCH
amazing food, drinks, music, dancing,
CELEBRATING
20 YEARS
basketball and more. For more information call 208-489-3603.
I N T H E T R E AS U R E VA L L E Y
15 UNCORKED #2: LANGROISE TRIO AND WOODWIND QUINTET
Esther Simplot Performing Arts Academy
Grab a drink and mingle with the talented Boise Phil Chamber Players at the Uncorked Series! Join us at our second Uncorked concert featuring the Langroise Trio and our Brass Quintet. The College of Idaho Langroise Trio features Principal Viola David Johnson, Associate Principal Cello Sam Smith, and will feature a guest concertmaster. For more information: boisephil.org
19 SPRING FLING SALON Hillcrest Country Club
Enjoy performances by Boise Phil musicians and hear from Music Director Eric Garcia.
Two Rivers Salon & Spa | Prepared by Trademark
Ticket includes hors d'oeuvres, entertainment, and a champagne toast. For more information: boisephil.org
27-29 BOISE FLOWER & GARDEN SHOW Boise Centre
Shop for everything from outdoor furniture to sunrooms, tools, garden gadgets, iron garden art and orchids. You'll still find spectacular gardens; gardening seminars and demonstrations; a spectacular bonsai display and demonstrations to get you hooked; and much, much more. General
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T W O R I V E R SS A LO N A N D S PA
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Good for Fri/Sat/Sun $14
TWORIVERSSPA.COM
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(208) 938-9060
all Zamzows stores starting March 1st! March 2020 | Meridian Lifestyle
33
ARTICLE KENDALL HOULTON
FINANCIAL BUZZ
INVESTMENT PROPERTY MIKE KIRBY OF FIRST FEDERAL BANK ON THE BENEFITS OF TREASURE VALLEY RENTAL PROPERTIES
Many times, the property a first-time investor may be considering renting out is the property they are currently living in, and is their primary residence. The interest rate may be favorable and the balance remaining on the property may be such that they
WHAT TO KNOW BEFORE GETTING INTO INVESTMENT PROPERTY
could pull out equity to help finance their first investment property. The down payment required to purchase a new invest-
RESEARCH
ment property is typically greater than that of a primary
From a financing perspective, first time investors
home, and the interest rate is typically a bit higher due to
should research the requirements of acquir-
perceived market risk. The standard percentage down is
ing investment properties. The research might
typically 20-25% of the sales price.
include down payments requirements, cash
Lastly, cash reserves required in savings is important. Most investors require a 6-12-month cash reserve of the PITI
reserve requirements after closing and if proposed leases could be utilized in the qualifying.
(principal, interest, taxes & insurance) in the form of a liquid or semi-liquid cash account. Many factors go into being a landlord: are you going to self-manage, hire a property manager, are you emotionally equipped to deal with tenants/contracts/property upkeep and everything else that goes into maintaining a property you don’t reside in. Are you going to stick with single-family homes or branch out into 2-4 duplex properties or multi-family units?
WHICH TYPE OF MORTGAGE An owner-occupied mortgage is one in which the borrower on the loan is also the occupant of the home. An investment property mortgage is one which the borrower on the loan does not occupy the home and looks to a tenant to support the cash-flow of the payments.
It’s a great opportunity to own investment properties here
34
in the Treasure Valley as property values continue to rise
MARKETABILITY OF PROPERTY
and you build wealth through real estate. Arm yourself with
The primary items a buyer should look for would be
knowledge of the market, hire a trustworthy real estate agent
how marketable is the subject property to ensure a
who knows where investment properties may be and work
consistent occupancy by a tenant and the ability to
with a qualified lender to help guide you through the steps.
cash-flow the property in times of tenant vacancy.
Meridian Lifestyle | March 2020
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March 2020 | Meridian Lifestyle
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