Good Loan News

 

Here are two recently-announced pieces of really good news for home buyers.

• The Colorado Housing and Finance Authority recently raised the income limit for their down payment assistance program to $115,600.

Now more people can get help with a down payment.

• Fannie Mae and Freddie Mac raised their conforming loan limits so that more people can use a conforming loan and not be forced to use a ‘jumbo’ loan.

Contact us if you would like to hear how these pieces of news could help you.

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Beautiful Main Floor Condo in Fort Collins!

2133 Krisron Rd #E101 presenting a rare main floor condo, centrally located in Sidehill. This well-kept unit offers numerous upgrades; hardwood floors, granite counters, upgraded maple cabinets, Tile back splash, stainless steel appliances, 2 bedrooms, 2 baths, full size washer & dryer, custom paint, a cozy tiled fireplace and central AC, all overlooking open space and the pool. There is one covered parking space. Incredible location close to shops, entertainment and recreation. This is a truly special place. Contact Will Flowers for your private showing at (970) 227-0640 for more information or click the link below for more details.

http://windermerenoco.com/listing/88768837

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Well Maintained Ranch Style Home in Evans!

The bones of this ranch home in Evans at 3834 Belmont Ave is well maintained with only one neighbor with vacant land to the south. Very large kitchen with tile floors, and two living rooms! Great big backyard. Home is close to shopping, with easy access to Highways 85 and 34. Roof will be new before closing. Seller has loved living in this home for a long time, and it’s ready for your vision to make it your own. Come see it today! Contact Paul Hunter for your private showing at (970) 673-7285 for more information or click the link below for more details.

http://windermerenoco.com/listing/88746714

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Fantastic Cul de Sac Home in Fort Collins!

This fantastic home at 3927 Gardenwall Ct is at the end of a cul-de-sac in the popular Waterglen neighborhood features an open floor plan with vaulted ceilings and fireplace. Your new home is move-in ready. All three bedrooms, including a great master suite are on the second floor. Enjoy the large fenced back yard adjacent to a sprawling green area, while relaxing on the large stamped concrete patio. Close to I-25 and Old Town. A beautiful home and excellent value! Contact Jon Holsten for your private showing at (970) 237-2752 for more information or click the link below for more details.

http://windermerenoco.com/listing/88744179

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Wonderful Semi Custom Home in Loveland!

Wonderful home at 1065 Tupelo Drive in the heart of Northeast Loveland. Semi-custom 3 bed/2 bath w/ partially finished basement on 1/3 acre. Home features a living room w/ gas fireplace and natural stone surround, master bedroom with en-suite 3/4 bath & large eat-in kitchen. Covered back patio is great for relaxing or entertaining. Basement is partially finished with gas fireplace and room for a work shop. Walk to elementary and middle schools & close to everything. Home has only had 1 owner and has been treated with care! Contact Aaron Pearson for your private showing at (970) 646-3035 for more information or click the link below for more details.

http://windermerenoco.com/listing/88718648

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Wonderful Semi Custom Home in Loveland!

Wonderful home at 1065 Tupelo Drive in the heart of Northeast Loveland. Semi-custom 3 bed/2 bath w/ partially finished basement on 1/3 acre. Home features a living room w/ gas fireplace and natural stone surround, master bedroom with en-suite 3/4 bath & large eat-in kitchen. Covered back patio is great for relaxing or entertaining. Basement is partially finished with gas fireplace and room for a work shop. Walk to elementary and middle schools & close to everything. Home has only had 1 owner and has been treated with care! Contact Aaron Pearson for your private showing at (970) 646-3035 for more information or click the link below for more details.

http://windermerenoco.com/listing/88718648

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Beautiful Craftsman Home in Fort Collins!

This beautiful Craftsman home at 2138 Yearling Dr near Jessup Farm in Bucking Horse comes with 4 bedrooms, 3 bathrooms, an office, 3 car tandem garage + 220 service, and a full unfinished walk-out basement. The kitchen includes 42 inch cabinets, SS appliances, walk-in pantry and pot filler. Upgraded hardwoods and gas fireplace in great room. Sitting area in master bedroom in addition to a spacious loft, Jack and Jill bath between 2nd and 3rd upstairs bedrooms. Plantation shutters, upscale lighting and hardware throughout. Enjoy the pool and ideal access to trails! Contact Tricia Muraguri for your private showing at (970) 217-6345 for more information or click the link below for more details.

http://windermerenoco.com/listing/88710031

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HQ3?

The Front Range may have lost out on Amazon’s HQ2, but that doesn’t mean their company won’t affect our economy.

Denver was in the running for Amazon’s massive new second headquarters that supposedly would bring 50,000 new high-paying jobs and $5 Billion of investment.

In the end Amazon chose to split the headquarters among two East-Coast cities and many in Colorado breathed a sigh of relief.

But they are will continue to be an economic force in our state.

Over the past two years, Amazon has greatly expanded its footprint in Metro Denver, opening up a sorting center in Aurora, fulfillment centers in Aurora and Thornton, a Prime Now center in Denver and a new delivery center in Centennial.

They will soon have 3,000 workers here and that number is expected to grow significantly.

 

 

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5 Home Improvements That Will Boost Your Property Value

A home is the largest investment most people will make in their lifetime, so when it comes time to sell, homeowners often wonder what they can do to get the most return on their investment. Many have the misconception that remodeling is the way to go, but that isn’t always the case. Rather than going all-in on upgrading your home, you should know which home improvements are worth it, and which ones aren’t.

We’ve sifted through the research and come up with a quick list of five home improvements that’ll help buyers fall in love with your home when it comes time to sell.

1. Add a little curb appeal 

Curb appeal is critical. As the name suggests, it’s the first thing buyers see when pulling up to the front of any home so it needs to be in nearly pristine condition. Start with the garage door for the most immediate return. According to Remodeling Magazine’s 2018 Cost vs. Value report and Money.com, the cost of updating your worn builder-grade garage door with an upscale steel model is about $3,470, and it’ll boost your home’s value by 98.3 percent of the installation price, which means you’ll lose about $60 when it’s all said and done.

Landscaping can also go along way for a minimal upfront investment. Six rounds of fertilizer and weed control will set you back about $330, but when it comes time to sell, you’ll see an ROI of about $1,000 according to a survey by the National Association of Realtors.

Other improvements you can easily make to your curb appeal include:

  • Pressure wash the exterior
  • Liven up your front door with a fresh coat of paint
  • Replace hardware such as doorknobs and knockers
  • Install updated house numbers
  • Make your walkways pop with new greenery or flowers
  • Plant a succulent garden
  • Update your porch lights
  • Add a little charm with window flower boxes
  • Stage your porch

 

2. Install hardwood floors 

Installing or upgrading hardwood floors is pretty failsafe as most buyers love it. Ninety-nine percent of real estate agents agree that homes with hardwood floors are easier to sell, and 90 percent of agents say that they sell for a higher sale price, according to the National Wood Flooring Association. Similarly, research from the National Association of Realtors shows that 54 percent of homebuyers are willing to shell out extra cash for homes with hardwood.

As for your return on investment, NAR’s 2017 Remodeling Impact Report projects that homes that already have hardwood floors will likely see 100 percent return. On the flip side, installing hardwood flooring pays off almost as well with a 91 percent return on investment. It can cost about $5,500 to install, and it’s projected to add about $5,000 to the home value. These estimates may vary depending on the type of flooring you install.

 

3. Upgrade your kitchen

According to the National Association of Realtors, real estate agents believe that complete kitchen renovations, kitchen upgrades, and bathroom renovations will add the most resale value to a home (in that order). However, complete kitchen renovations can be costly and unnecessary. In fact, kitchen remodels have some of the worst return on investment stats. Remodeling Magazine’s 2017 Cost Vs. Value report found that a mid-range kitchen remodel cost exceeds its resale value by more than $21,000, and that number more than doubles in an upscale remodel. Rather than spend a ton of cash and weeks (or months) on renovating, put a little elbow grease and a small budget into it.

Instead of doing a full renovation, focus on these smaller updates:

  • Clean
    • Organize your pantry
    • Use a little Murphy Oil Soap and hot water on all of your cabinets
      • Polish cabinets with Howard Feed-In-Wax
      • Tighten all hinges
    • Clean grout and tiles
    • Shine your sinks and hardware until you can see your face in it
    • Deep clean your stove
  • Give your kitchen a fresh coat of neutral paint
  • Update lighting fixtures, and replace light bulbs
  • Spring for a new cabinet and door hardware
  • Make your countertops look new
  • Upgrade your appliances

 

4. Go green

Today’s younger generations are embracing eco-friendly living, and millennials are leading the pack. According to the National Association of Realtors’ 2018 Home Buyer and Seller Generational Trends Report, millennials make up the largest segment of buyers, holding strong at 34 percent of all buyers.

When it comes to attracting buyers who are willing to pay top dollar, going green makes sense. A Nielson study found that, of more than 30,000 millennials surveyed,66 percent are willing to shell out more cash for conservation-conscious, sustainable products. Depending on where you live, consider installing solar panels, wind turbines, and eco-friendly water systems.

No matter where you live, attic insulation replacement and weather stripping are safe bets. Attic insulation replacement was a top home improvement upgrade last year, and homeowners saw a 107.7 percent return on the investment. Weather stripping, a fairly inexpensive DIY project, costs, on average, about $168 nationally.

 

5. Create a summer retreat

Homes with pools can fetch a higher selling price if done properly. There are in-ground pools and above-ground pools. To truly add value, you’d want to go with an in-ground pool. It’s a permanent investment that costs more upfront, but above-ground pools don’t really add anything to a home other than a nice personal oasis from hot weather.

Pools cost about $1,000 on average to maintain between the seasonal openings and closings, necessary upkeep and utility bills, according to Houselogic.com and financial consultant Dave Ramsey’s website. Some buyers might not be up for that cost. However, pools can help sell a home especially when you live in a higher-end neighborhood where everyone has pools and in warmer climates like Florida, Arizona or Hawaii.

Ramsey wrote that a well-marketed in-ground pool can boost a home’s value as much as 7 percent, but he stresses the importance of making sure the style of the pool matches the house and surrounding property. Be sure that any pool doesn’t completely consume the outdoor space. Pools that make sense locationally and complement the property are the best. If the pool is just an expensive eyesore, it’s probably better to remove it.

With these upgrades, your home will surely see a higher price tag when you go to sell because, as the numbers show, buyers swoon for an outdoor retreat, a like-new kitchen, classic hardwood flooring, and green upgrades.

 

Our guest author is Sarah Stilo, the Content Marketing Coordinator for HomeLight, which helps pair homebuyers with agents. They can be found at HomeLight.Com.

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83 Miles Per Hour

 

Pretend you have been driving on the Interstate at 100 miles per hour. 

Also, pretend you have been doing that for a long time.

Now pretend you slow down to 83 miles per hour.

How would that feel?

It would probably feel slow, right?

83 miles per hour is a 17% decrease from 100. It may feel slow, but it’s still pretty fast.

How does this relate to real estate?

Well, the market has been moving fast for a long time.

It’s been going 100 miles per hour for at least two years (some would argue even longer).

We’ve recently seen a 17% change in terms of number of transactions that are occurring.

There were 17% fewer sales in October 2018 versus October 2017 in Metro Denver.

It feels slow because we’ve been driving so fast for so long. But, our market is still moving.

For example, prices are still up. So, remember, that it’s all relative.

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