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Real Estate | Homes For Sale, Real Estate Listings, Realtors, Real Estate Agents

Boulder County Real Estate CEO Roundtable With Stephanie Iannone

Boulder home market ‘healthier’ as appreciation rate declines

Courtesy of BizWest Media

BOULDER — The rate at which single-family homes appreciate in Boulder is slowing down, and more homes are becoming available on the market, pointing to a “healthier” residential market in the city by the Flatirons.

DB Wilson, broker associate with Re/Max of Boulder, said the rate at which home prices have appreciated has dropped from 14 percent a year ago to between 5 percent and 6 percent now.

“That’s healthier,” he said, but added that there isn’t much available for sale below $550,000 in Boulder.

“We’ve lost the low end,” he said during BizWest’s CEO Roundtable on real estate and construction held Tuesday at the offices of Berg Hill Greenleaf & Ruscitti LLP.

He said the number of home sales are up, the time on the market is shorter, and the market still favors sellers, pointing out there is about 3½ months of inventory, still below the ideal six months of inventory.

Wilson said home prices historically appreciate steeply in four-year cycles.

“We are in the last year of a four-year period,” he said. “But I don’t expect prices to go down … they will likely level off.”

The median home price in Boulder exceeded $1 million in May, and was in the high $900,000s in June.

Stephanie Iannone, owner and managing broker of Housing Helpers, said the number of offers a seller may expect is declining.

“Higher prices are making it harder to qualify for a mortgage,” Iannone said. “Only 26 percent of the inventory is below $400,000 in Boulder County.”

David Sinkey, president and CEO of homebuilder Boulder Creek Neighborhoods, has found his sweet spot — building ranch-style homes for empty nesters in the $300,000 to $400,000 range.

“We can’t build enough product,” he said. But he is also finding success in building and selling homes for active adults that command $900,000 to $1.2 million.

Sinkey agreed with Wilson that there is no good answer for dealing with affordability.

Cost of construction, rising taxes

The problem facing homebuilders — and commercial developers — is the rising cost of construction.

In the commercial sector, it is affecting lease rates for tenant finishes of commercial and industrial buildings, as are increasing property taxes driven higher by assessed building valuations.

Jorge Espinoza, broker associate and principal at The Colorado Group, said several factors are affecting the increasing cost of making improvements for tenants tenant finishes made by landlords — lack of skilled labor, increased material costs and the city of Boulder’s new energy code. The code, Espinoza said, requires landlords to bring an entire building to the new code when the project reaches a certain percentage of a building’s assessed value.

Some of these improvements are not being done if tenants aren’t willing to absorb the added cost in the lease.

“It’s creating a big struggle in negotiating, Espinoza said. “It all depends on what the landlord is willing to do — sometimes, it’s take it or leave it.”

Lynda Gibbons, CEO of Gibbons-White Inc., said those taxes can reach $5 per square foot, and the city’s parking requirements for a new project can add $2 to $3 per square foot to a lease.

Gibbons, who was an investor in and handles leasing for Pearl West, a mixed-use development in downtown Boulder, said the city’s push to “make (industrial) parks more fun” by incorporating more amenities in the parks such as restaurants, coffee shops and places for social meetups is “weakening the core.”

Becky Gamble, CEO of Dean Callan & Co., said park owners have benefitted from this. “That’s where smaller companies can go when they can’t afford to be downtown anymore.”

Jeff Wingert, president and chief operating officer of W.W. Reynolds Cos., said subleasing office and industrial space has been in a slowdown mode for at least a year, but sees signs of life.

“East of 28th Street, there has been a fair amount of activity picking up the last two to three months,” Wingert said.

Developing industrial buildings on speculation is paying off for most right now.

Developers are leasing-out spec buildings before they can complete them in the Colorado Technology Center in Louisville.  Andrew Freeman, principal of Freeman Capital Management, said he expects the park to be built-out in the next couple of years.

Keith Burden, principal and managing broker of Burden Inc., said his company’s new light-industrial building in Gunbarrel designed for smaller companies leased out quickly, adding that lease rates for industrial space has hit a new high.

Chris Jensen, principal of Vista Commercial Advisors Inc., said not all builders can gain the financing needed because of increased building costs.

“Lenders and builders are having a harder time agreeing on projects,” Jensen said. “Cost of construction along with increased cost of building permits in many cities, as high as $50,000 per house, creates a challenge. … It’s blowing up deals.”

Sinkey added that new codes requiring fire-suppression systems can cost $10,000. “I don’t see that coming down,” he said.

Reshaping the shopping center

The type of brick and mortar retail businesses in shopping centers is making a monumental shift, moving from soft and hard goods to food and entertainment venues.

“Food is the new anchor category,” said Allen Ginsborg, managing director and principal at NewMark Merrill Mountain States, the group that converted the enclosed Twin Peaks Mall into The Village at the Peaks, an open-air center that is predominantly made up of eateries and entertainment.

Another prime example is the Village at Burlington shopping center in Longmont. At one time, its two anchor tenants were an Office Depot and a Sports Authority sporting-goods store.

It now has as anchors, The Wild Game, an entertainment center that includes bowling, a bar, arcade and live music space, and The Jump Craze, an indoor trampoline park that will open in mid-August, said Burden, who owns and manages the Village at Burlington.

While Ginsborg said retailers are in a state of reconsolidation,  Stephen Tebo, founder and owner of Tebo Development, hasn’t had a problem keeping his retail properties totaling 350,000 square feet leased. He said he has only two spaces vacant, one of 1,400 square feet and another of 1,700 square feet.

“There isn’t a lot of retail being built,” Tebo said. “There has been turnover of prime spaces. We had five open up within two blocks of each other, but we were able to fill them fairly quickly.”

Participants

Keith Burden, principal/managing broker, Burden Inc.; Jorge Espinoza, broker associate/principal, The Colorado Group; Andrew Freeman, principal, Freeman Capital Management; Becky Gamble, CEO, Dean Callan & Co.; Lynda Gibbons, CEO, Gibbons-White Inc.; Allen Ginsborg, managing director/principal, NewMark Merrill Mountain States; Stephanie Iannone, owner/managing broker, Housing Helpers; Chris Jensen, principal, Vista Commercial Advisors Inc.; David Sinkey, president/CEO, Boulder Creek Neighborhoods; Stephen Tebo, founder/owner, Tebo Development Co.; DB Wilson, broker associate, Re/Max of Boulder; Jeff Wingert, president/COO, W.W. Reynolds Cos. Moderator: Christopher Wood. Sponsors: Justin Dodge and Liz Castro, EKS&H; George Berg, Becky Rigo and Peter Schaub, Berg Hill Greenleaf Ruscitti.

 

Boulder County Real Estate

Mistakes Newbies Make with Real Estate Investing

When investing in Colorado real estate, avoid the stock market mentality. Buying a Colorado home to turn into a rental property isn’t a get-rich-quick strategy, but a long-term approach for building wealth and passive income.

With real estate investing fever and a hot rental market in Colorado, it’s easy to get carried away. Just as the stock market doesn’t behave the same way over the decades, the housing market is also unpredictable. By working with a solid property manager and choosing the right Colorado home that draws a reasonable market rent off the bat, you avoid some of the real estate investing nightmares.

Buying a home you hate

Don’t buy an investment property if it’s a home you would not personally want to live in for at least two years. Oftentimes, investors save on capital gains taxes by moving into their rental homes for at least two years before selling. On other hand, the home has to appeal to renters. The goal is to avoid high tenant turnover with an attractive property that can produce passive income for 5 to 10 years or longer.

Going into it without cash reserves

Another common mistake is to take out money from retirement accounts to put the 20 percent typical down payment on an investment property. Oftentimes, investors don’t keep enough cash reserves. Make sure you have enough money for basic costs such as property management, maintenance and a few large expenditures such as A/C replacement.

Forgetting it’s a business

Owning a rental property in Colorado is a business. Even if you don’t want to play the “bad guy” when collecting rent or enforcing a lease, treat your Colorado real estate as though it’s your business. A good property management company helps you stay on track. After buying your first rental property, consider investing in more. Give yourself at last a year or two to make sure your real estate investing plans are successful.

According to a piece by forbes.com, investors often make renovations that don’t pay off in the long-term. Avoid the urge to constantly upgrade. Consider hiring a professional interior designer before selling or renting out your home. As an investor, rely on other people to help you reach your goals.

If you are interested in learning more about purchasing investment property in Colorado contact the experienced real estate agents at Housing Helpers of Colorado to learn more.  303-545-6000

Colorado Among Hottest 10 Housing Markets

As we approach the presidential inauguration, demand for homes continues to increase throughout the country, in a recent real estate market trend. Although this trend is taking place nationally, multiple sources report that the trends continues to be particularly hot in Colorado.

Recently, Realtor.com reported that two Colorado cities, Denver and Colorado Springs, were among the countries’ hottest real estate markets last month. Denver came in at number six and Colorado Springs in 14th.

In particular, home buying interest became strong throughout the country after the election. Often the winter months are a slower season in real estate, particularly in snowy climates like Colorado, but this year the market shows no signs of slowing down. Nationally and locally, this is due to a few trends:

  • Mortgage rates increasing. After years of remaining low, mortgage rates recently started going up, with plans to continue to rise over 2017. Would-be homeowners hope to buy now before the rates increase further.
  • Snapping up the remaining inventory. Buying may be getting more popular in Colorado and nationwide, but housing stock isn’t increasing. Many people are buying homes now to make sure they get the ideal house for their needs.
  • Better weather. In Colorado, the weather has been warmer and sunnier than usual, particularly last fall and early winter, so more home buyers were willing to brave the elements and go house hunting.

Even with the busy market in Colorado, now is still a great time to buy your next home. According to Denver Business Journal, while inventory may be down, single family home sale prices remain steady. Denver also has the second highest appreciation values of home values in the country, making a home a great investment. But be sure to buy soon, before mortgage rates increase and inventory further shrinks.

For your Home Buying needs in Colorado contact Stephanie Iannone 303-641-7484

Real Estate Trends 2017

Real Estate Trends That Will Shape 2017

Whether your in the market for Colorado real estate or not, if the last quarter of 2016 is any indication of the future than 2017 is sure to be filled with surprises!

One thing that no one expected, from Donald Trump’s win of the 2016 Presidential Election, was a stock market rally and 10-year Treasury bill rate increases. In 2016, low-interest rates and improving wage growth helped boost the U.S. Housing Market.

However, as of November 25th, the 10-year Treasury rate grew to 2.36 percent, up from  1.83 percent the day before the election. This has increased the national average of a 30-year fixed-rate mortgage to 4.02 percent, up from 3.47 percent, for the same period. However, this is not the only national trend that will affect real estate in 2017.

2017 Real Estate Trends

1. Walkable Communities – Simply put, a walkable community is one that is friendly to walk. Notwithstanding, much of this real estate trend is driven by a desire to live in a healthy and environmentally sustainable town or city.  Buyers are seeking neighborhoods in which there is a reduced reliance on automobiles, with easy access to work, shopping, and entertainment.

2. Use of Unmanned Aerial Vehicles – Proficient real estate agents are always looking for new technologies and ways to make properties stand out. Since the advent of the internet, there have been many new ways to present homes for sale, and having them stand out in the crowd. A growing new real estate trend is the use of drones to create aerial video tours of properties.

3. The End of Starter Homes – A growing number of Millennials, those born between the early 1980s and the late 1990s, are anticipated to acquire their first house in 2017. The housing crash caused many to become hesitant to buy. However, the delay into the market has empowered many to prepare by paying down student debt and saving for a down-payment. The resulting real estate trend is that many are choosing something more than just a starter home.

4. Increased Mortgage Rates – As stated, the Trump Presidency has started to push the interest rates up for fixed-rate mortgages. This is because of the link between fixed-rate mortgages and the 10-year Treasury. However, adjustable-rate mortgages are more closely linked to the Federal Reserve rate.  The Fed just raised rates in December and experts predict this real estate trend will continue to slowly raise rates through 2017.

5. Easier Mortgages – According to the Mortgage Credit Availability Index, acquiring a mortgage loan is easier today than it has been for the last 8 years. This is a result of more availability for low down-payment loans and jumbo loans. Banks are starting to loosen up and seem more willing to work with buyers. As the economy continues to grow, this trend should continue.

We expect the strong Colorado housing market to be one of the real estate trends that will continue in 2017.   With rents and home prices both on the rise it will be a challenge for buyers and renters as sellers and Landlords will stay in the driver seat.

As we embark on an exciting new year here at Housing Helpers Colorado we wish all of our friends and clients peace, prosperity, and our sincere thanks.   We look forward to helping you with your real estate needs in 2017!

Colorado Real Estate Agents 

Colorado Fall Real Estate Housing Helpers

The Fall Real Estate Market in Colorado

If you’re in the market for a new home, you should know that fall is an especially good season for buyers in the real estate market. That’s partly because of the simple law of supply and demand. According to MSN Money, need to move into a new home before the school year starts. If you’re trying to sell a house, that means there’s less demand, a fact that puts buyers in the driver’s seat and leaves more room for negotiation.

Another plus for buyers? Home prices tend to fall slightly after the busy summer real estate season. If a seller that listed his home last spring or summer still hasn’t sold it, he may consider reducing the price, or at least negotiating some concessions to keep a potential buyer on the “line”.

If you’re looking for a home in the fall, it’s likely you don’t have school aged children, so there are no hard and fast deadlines pressuring you. Sure, you may prefer to close on a house before the holiday season, but it’s not the same as having to. If you can get a better deal by waiting awhile, chances are you will.

One caveat to this rule concerns vacation homes. If you’ve rented a home for a period during the summer and love the area, you may be at a slight disadvantage. A seller knows when he’s got a home that’s worth more simply by virtue of its location near a prime vacation spot, and because of skiing, Colorado often has more than just summer vacationers — they’ve got the winter ski crowd too.

Still, buying a vacation home in the off-season has the advantage of letting you get to know what the area is like when it’s not crowded with tourists and vacationers, and if it’s a second home, you can always rent it out during prime seasons, so it might just be a win-win situation for both parties!

As with all things real estate, it’s much easier to navigate the Colorado real estate market with a trusted and experienced expert by your side.   Call Housing Helpers real estate group and let us guide the way!  303-545-6000

Real Estate Agents          Boulder Real Estate 

 

 

Real Estate Tips: 4 Steps to Prep Your House for Sale

When you think about putting up your house for sale, you might think about things like determining the list price and choosing and hiring a real estate agent. Although these things are certainly very important, however, there is one other critical thing that you need to focus on — preparing the house itself. These are a few essential steps that you’ll need to take if you’re wondering how to prep a house for sale.

1. Get Rid of Clutter

First and foremost, you’ll want to get rid of clutter. Not only is this good for ensuring that your home is open house ready, but it’ll also be nice to get rid of unwanted items before you pack and move to your new home. Eliminating as much clutter as possible will help your home look neat, clean and spacious when your realtor shows the house, so donate, sell or throw away as much as possible. If there’s anything left that is making the home look cluttered but that you don’t want to get rid of, consider renting a storage unit for temporary storage until the house is sold.

2. Put Away Personal or Valuable Items

Along with decluttering, you’ll also want to eliminate personal and valuable items from your home. You don’t want to worry about sentimental items or valuable items being broken or stolen when the house is being shown, and you also don’t want the home to look too much like your family’s house when potential buyers are taking a peek. Take down personal family portraits, children’s drawings and artwork and particularly unique items that aren’t universally attractive. Then, consider putting away jewelry, expensive art or decor, breakable items that have sentimental or financial value and other similar items. You can store them in the above-mentioned storage unit if necessary.

3. Clean the Entire House…Thoroughly

Whether you consider yourself to be a slob, a neat freak or something in-between, your home is going to need a good scrubbing. Once you move out a lot of items, you might find dust and dirt that you weren’t aware of. Plus, your home is going to need to be more than just everyday clean when your real estate agent is showing the house. Your friends and relatives might not inspect your closets or your light fixtures when they come over, but potential buyers will. You don’t want the home to look messy or dirty, which could be a big turn-off. Some might even see it as a sign that you and your family have not taken good care of the home in the past, even if this isn’t true.

If you can’t bring yourself to really get scrubbing, if you don’t have enough time to do it, or if you don’t feel confident that you’ll get your home clean enough for an open house on your own, consider hiring a professional cleaning company. It can be well worth the cost when you chalk it up to the expense of selling your home.

4. Stage It

Once your home is decluttered and spotless, you’ll have one more step to take before it will be ready to put on the market — staging it. This can be simple or in-depth, depending on a few things, such as the condition of your home. Staging might involve simply rearranging your existing furniture to make the home look as spacious as possible, or it could involve painting the walls in neutral colors and investing in a few inexpensive decorative items to make it look its best. Your real estate agent can look at your home and talk to you about how to best stage it for the local market.

As you can see, there are a few critical steps to follow if you want to get your home ready for the real estate market. Then, if you need additional help with your relocation, such as finding the perfect home or apartment, and for more real estate tips contact the real estate agents at Housing Helpers.

Looking for a Colorado real estate agent?  

Check out my website at:   Stephanie Iannone 

Colorado Real Estate, walkable neighbrohoods

A Guide To The Most Walkable Neighborhoods In Colorado

Walkable neighborhoods aren’t just good for your health, they also build a sense of community. According to Walk Score, people who live in highly walkable areas weigh 6 to 10 pounds less and spend more time doing community activities.

Many Colorado residents are now searching the real estate market for walkable neighborhoods. A residential area is considered walkable if it’s close to shops, restaurants, schools and parks. The more errands you can run without having to use a car, the more walkable it’s considered. It also helps if they’re well connected to urban centers by bike paths and transit lines. 

With 300 days of sunshine a year and views of the snow-capped Rockies, who wouldn’t want to be outside in Colorado as much as possible?

If you’re looking for neighborhoods like this, we’ve got you covered. Here’s a guide to some of the state’s most walkable residential areas:  

Stapleton

The Stapleton community, just 10 minutes north of Denver, was designed for walkability. Built on top of 4,700 acres that once served as the Stapleton Airport, the community was master-planned as a hybrid of classic downtown neighborhoods and modern, energy-efficient construction. The community already has over 22,000 residents and now contains: 

  • 10 neighborhoods
  • 13 schools
  • 50 parks and 47 miles of bike trails
  • 100+ Retail stores
  • 50+ Restaurants
  • Commercial office buildings 

Stapleton is also connected to downtown Denver by a commuter rail and bus line at Central Park, making it easy for residents to use public transportation to get around. 

Click here to see listings for apartments and houses in this area.  

Prospect New Town in Longmont

Located on the eastern edge of Longmont, Prospect New Town has a concept similar to the Stapleton Community, but on a smaller scale. The entirety of the planned neighborhood fits on 80 acres that used to be a tree farm, and is designed so that all residents are within a five-minute walk of the community’s amenities, which include: 

  • Shops
  • Restaurants and cafes
  • Office buildings
  • Swimming pool and parks
  • Free concerts and food truck nights

Prospect is distinct in that it aims to marry a small-town feel with a funky urban vibe. Strolling through the streets of Prospect, you’ll see a mix of modern artists’ lofts and single-family farmhouses. A downside is that outside of its 80 acres, this neighborhood isn’t well-connected to other city centers. You have to drive to reach downtown Longmont, Boulder, or Denver. 

Click to see property listings in Longmont Colorado

Whittier in Boulder

Boulder has a number of walkable neighborhoods, but Whittier is one of the best situated. This historic district was established in 1859, and is home to some of the oldest homes in the city. Whittier is on the east side of central Boulder, which puts it right downtown and close to both commercial centers and outdoor spaces.

Apartments and homes in the Whittier neighborhood are within walking distance to: 

  • Pearl Street mall
  • Parks
  • Schools
  • Restaurants
  • Retail stores
  • Boulder Farmer’s Market
  • University of Colorado

Because Whittier is so well positioned, it’s also one of the city’s most desirable neighborhoods. Expect to pay more to live in this highly walkable area.  

Click here to see property listings in Boulder Colorado 

Wash Park in Denver

Washington Park is a popular neighborhood in South Central Denver because of its proximity to restaurants, shops and outdoor spaces. Named for the 161-acre park it surrounds, the neighborhood offers residents the opportunity to enjoy Denver’s green spaces and lakes as well. 

If you live in Washington Park, you’ll get to enjoy being close to: 

  • Cherry Creek 
  • Schools
  • Recreation centers
  • Shopping
  • Restaurants and cafes

While the neighborhood has a nice mix of historic homes and newer builds, the price point can be restrictive as real estate is in high demand. 

Click here to see listings for apartments and houses in Wash Park Denver.  

Olde Town Arvada

Downtown Arvada receives a high walking score compared to the rest of the neighborhoods in the Denver suburb. The historic olde town district is a hub of locally owned businesses, including:

  • Restaurants
  • Retail stores
  • Beauty shops
  • Banks
  • Fitness centers
  • Healthcare facilities

A new commuter rail is being installed in Arvada to make it even more commuter friendly to residents who live in Denver. The good news is, this area remains somewhat of a hidden gem with lower costs compared to some of the other Denver suburbs.

Click here to see listings for apartments and houses in Arvada Colorado

Lowry in Denver

Lowry Field is just 20 minutes east of downtown Denver, making for a quick and easy commute to the city. Some interesting history surrounds this parcel of land. It was an airforce base for more than half a century, and also a summer get-away for President Dwight Eisenhower and First Lady Mamie Eisenhower during the 1950s. Now, however, it’s been redeveloped into a mixed-used community that offers amenities like: 

  • Parks and open space
  • Amphitheaters
  • Golf Course
  • Shops
  • Restaurants
  • Grocery stories
  • A beer Garden

Keep in mind that some neighborhoods in Lowry are more walkable than others. Look in neighborhoods adjacent to the Lowry Town Center District if you want to be within a short walk to the shops, bars and restaurants.

Click here to see our listings for apartments and houses in Lowry’s neighborhoods

Belmar in Lakewood

The Belmar district is a shopping and dining center in downtown Lakewood. It was built in 2004 to revitalize the old town village center, and it’s since grown to occupy 22 blocks in the city. Amenities in this community include:

  • Restaurants and cafes
  • Shops
  • A movie theater
  • A bowling alley 
  • Summer concerts and ice skating rink in winter
  • Art galleries

Residents who live in Lakewood within walking distance of the Belmar district also enjoy easy transportation to downtown Denver, making it a great option for commuters. 

Check out our available listings for homes in Lakewood

When it comes to finding the right house and the best neighborhood, there is no substitution for visiting the area to see first-hand if amenities that matter most to you are close by.

For more information on the best neighborhoods in Colorado, contact Housing Helpers at 303.545.6000.

Denver Leads as a Hottest Home Market 

Making the life-changing transition from renting to owning follows major research and decision-making. One of those choices is your home buying location – and what better city to buy a home than Denver, which was ranked the no. 1 hottest real estate market for 2016?

The top home markets across the nation were rated based on Zillow’s Home Value Index (ZHVI) Forecast, recent income growth and low unemployment rates. Denver took the top spot with 5 percent forecasted home value growth throughout the next year and a low 3.1 percent unemployment rate across the entire metro area.

The hottest submarkets include Delmar Parkway, Highline Villages and Centretech in Aurora with Ruby Hill placing high among neighborhoods in the entire metro.

Before packing your bags and relocating to Denver, future home buyers need to crunch the numbers and learn about their buying power. Developing a housing budget helps determine whether it’s best to rent or buy a home in Denver, assisted by the breakeven horizon – or the number of years it takes for buying to become cheaper than renting the same home.

Cost of buying in Denver

The median home value in Denver is $343,800, an impressive 15.3 percent rise from one year ago. If a homebuyer were to put 20 percent down on a median-priced home in Denver, or $68,760, assuming a 30-year fixed loan at a 3.508 percent interest rate, they would pay $1,647 per month. The total mortgage payment includes principal and interest ($1,236), insurance ($67) and taxes ($377).

Cost of renting in Denver

Assuming you’re looking to rent an apartment in Denver at a median value, you would pay $1,959 per month. In the wider Denver metro, renters pay a median $1,977 per month. Compared to the national median of $1,388 per month, rental rates in Denver are costlier, but keep in mind Denver is a buzzing city and U.S. medians include rates from towns across the entire country.

When does buying outpace renting?

While the example mortgage payment of $1,647 per month is lower than the median city rent rate of $1,959 per month, it is still cheaper to rent first when accounting for the down payment of $68,760. In addition, the cost of buying goes beyond monthly mortgage rates to encompass closing costs and the general fees of homeownership, like maintenance.

In Denver, the breakeven horizon as of the last quarter of 2015 was 1.7 years, a 0.09 rise from the year prior. So, if you’re planning to stay in a home longer than 1.7 years it’s more cost-effective to buy.

Overall, if you have the recommended 20 percent down payment ready, buying a home in Denver now could be a great investment opportunity. However, this is assuming you perform the proper home buyer due diligence.

Keep in mind, you typically don’t need 20 percent upfront to buy a home (depending on your lender pre-qualifications), but a heftier down payment ensures a lower interest rate. If you aren’t quite financially prepared to buy, renting below budget to save before those 1.7 years are up is your best bet in the meantime.

By Jennifer Riner, Zillow

 

Denver Real Estate Agents        Colorado Rentals 

The Boulder Real Estate Market Appeal

Nestled against the foothills of the Rocky Mountains in north central Colorado, beautiful Boulder is home to the flagship campus of the University of Colorado. With an educated population, plenty of opportunities for outdoor fun and eclectic neighborhoods, the city has always been a desirable place to live.

The Boulder Real Estate Market varies from stunning single family homes on The Hill to trendy town houses on the way north to Lyons.  Rental homes and apartment communities pepper the areas around the University campus. Table Mesa has quiet lanes with ranch ramblers and fenced yards. Residences not far from pedestrian-friendly Pearl Street Mall are clustered along leafy streets. Mapleton Hill homes are large, elegant and rich in character.  Tiny homes are popping up here and there. Boulder’s real estate offers something for nearly everyone.

The city of Boulder takes its quality of life seriously, so enforcement of building regulations is an ongoing effort.  Home lots smaller than 35 acres cannot be subdivided.  Limiting new building heights is the norm.

Environmentalism has always had a home in Boulder.   When it comes to “green” practices and real estate, the city encourages rooftop solar panel installation as a way to reduce dependence on the local energy company.

Active and engaged, residents know that they live in a special place. Whether they are tech start-up employees, entrepreneurs, college professors or writers, they work to keep their neighborhoods clean, safe and inviting.

Today, the median Boulder home price is $591,950, a nearly 24% increase over a year ago.    This price is definitely on the high side, but for many people who live in this progressive, appealing city, it is a price worth paying.

For more information about the Boulder Real Estate market contact one of our award winning Boulder Real Estate Agents today at 303-545-6000.

 

Boulder Real Estate Agents         Stephanie Iannone Realtor

 

5 Key Things to Look For in Your New Home

When looking to buy your first home, you’ll have a lot on your mind; between pricing, location, and the actual house itself, you may find yourself overwhelmed with details. As you look at potential homes, then, be sure to consider these five key items in order to ensure you’ll soon have the residence and the lifestyle of your dreams:

  1. Structure 

Viewing homes for sale can become a battle of first impressions; don’t let it be. As you imagine yourself in each room, remember that paint, scuffs, and dirt can easily be fixed. What can’t be fixed so simply is the house’s structure: is the wiring all in place? Foundation solid? Appliances up-to-date? Take note.

  1. Layout

Remember that you’ll be living in this space, and imagine your day-to-day activities. Will you find it comfortable in these potential homes to travel from the kitchen to the living room, from to the bedroom to the bathroom? Will it feel natural to move throughout the house, or are the spaces more difficult to navigate than you’d prefer?

  1. Temperature

Consider the home’s potential in all seasons, no matter when you buy: will it be drafty and cold in the winter? Will it trap heat in the summer? A property’s age can play into this, but it’s also important to note the effectiveness of the heating and cooling systems, as these can be expensive to replace, and having the right home temperature can make all the difference in your comfort.

  1. Natural light

You’ll be spending the bulk of your time in your home, so windows–direction they’re facing, placement, and size–are real factors to consider. You’ll want to have the optimal amount of natural light for you in your home, which is something that is easy to pass by in the inspection phase of home-buying. Consider what time of day you’ll have the most light, and how it will affect you in your potential new home.

  1. The kitchen

The kitchen’s appliances, features, and layout are all important to consider, especially if you’ll be eating in frequently. Many kitchen updates can become costly, and you’ll likely want to have as smooth a move-in as possible; a kitchen with the amenities you desire is the perfect start. (In addition, if you ever plan to sell in the future, a good kitchen is the number-one selling point for home buyers!)

With these five quick points considered, you’ll find yourself much closer to knowing if the property you’re viewing could become the home for you.

 

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