10 Questions For Real Estate Agent Adam Janeiro

Adam Janeiro’s bungalow

Adam Janeiro is a Los Angeles real estate agent who specializes in older homes. He was kind enough to indulge my curiosity about buying and selling older homes, and the impact of the economy on the real estate market in Los Angeles’ historic neighborhoods.

1. 1912 Bungalow: You seem to have a passion for older homes. Where did that start?

Adam Janeiro: I grew up in Oakland California. My parents were teachers and we would often summer elsewhere. I was energized by Manhattan and bored by Montana. I was powerfully drawn to cities. On weekends, I would take BART to San Francisco, exit a station and begin walking, without plan or destination. Later, I realized I was most often drawn to those sections of the city wherein the buildings were oldest.

2. 1912 Bungalow: You work in a niche market, representing buyers and sellers of older homes. Are there any differences within this market compared to the traditional real estate market?

Adam Janeiro: The neighborhoods (wherein older homes are found) often feature a more complex web of uses, which create greater differences over smaller areas. This requires navigation and an understanding that often transcends the immediate visual experience. Also, value is often vested—or realized differently.

A thorough knowledge of the styles are essential too, because the thing that is the most unusual frequently holds the most value. An agent has to be able to identify and quantify those elements to which the most value is attached. Certain alterations, celebrated elsewhere, might have grave re-sale implications in historic districts.

3. 1912 Bungalow: You run a wonderful blog, Recentering El Pueblo. First of all, what does Recentering El Plueblo mean? What prompted you to start your blog?

Adam Janeiro: Los Angeles, and certainly the Los Angeles real estate industry, tends to be very West-centric; yet, the historic center of the city (of the Pueblo) lies elsewhere. It began not as a marketing tool—nicely it’s become a bit of one—but as an intellectual regimen, a discipline.

4. 1912 Bungalow: What is the biggest misconception about the real estate market right now?

Adam Janeiro: The biggest misconception concerns inventory. Inventory while abundant in some markets is sorely lacking in quality. Real estate reporting is frequently focused on quantity, rather than quality.

5. 1912 Bungalow: Are people putting off buying a home because they are waiting for home prices to drop further? Are people afraid to buy?

Adam Janeiro: Some are delaying, some are afraid, others are licking their chops. Some homeowners are also putting off selling too.

6. 1912 Bungalow: What advice do you have for home owners looking to sell in today’s market?

Adam Janeiro: I give different advice to each and every client, based on their singular life situation, including not to sell or not to buy—or to buy at once and sell now.

However, if one is truly interested in buying pre war housing stock (particularly pre WWI), one needs to look in all market climates and let opportunity be the driver. Because the number of available fully realized houses, with a high degree of original fabric, and sensitive, system updates, is often quite limited. I’ve represented many a buyer and seller on properties with three or four title changes in 100 years. I’ve a listing upcoming for a property owned continuously by one family since it was constructed in 1912. The inventory doesn’t always cooperate with whim, demand or macro economics.

7. 1912 Bungalow: In your experience, what are the things that most buyers desire or look for when shopping for an older home?

Adam Janeiro: Integrity, that is, a high degree of originality; and, a sympathetic context. Some degree of conformity, some basis for district status.

8. 1912 Bungalow: What are the biggest mistakes homeowners make when upgrading older homes? (Changes that decrease the resale value of their home)

Adam Janeiro: One—stucco over wood siding. Two—window replacement.

9. 1912 Bungalow: Lets say you just bought an older home and it needs some work, or maybe a lot of work. Where should you spend the money?

Adam Janeiro: Water is the destroyer of homes, and its occurrence must be managed; be it, a good roof, grading or gutters or French drains, supply lines and drains.

10. 1912 Bungalow: You have been restoring your own bungalow. What are some of the projects that you have tackled? Do you have any house projects going on right now?

Adam Janeiro: The list is too numerous. In December I’ll install a copper drip edge and continue some weather proofing projects using rigid insulation. I often experiment with products, if only to discuss applications with clients. In fact, I’m hoping to acquire a preservation worthy property—a project house in 2009, to continue my mission and my education.

Thanks Adam!