Enormous Equity

Hot off the press is the Core Logic Homeowner Equity Report.  This is their quarterly look at what is happening with homeowners’ equity across the country.

Here are the staggering numbers coming out of their research:

  • Collectively, U.S. homeowners with mortgages have realized a $1.5 Trillion gain in equity over the last 12 months.
  • Only 2.8% of all mortgaged properties have negative equity meaning the home is worth less than the loan amount.
  • In Colorado, just 2.5% of homeowners have negative equity.  For comparison, the percentage in Louisiana is 10.7%.

This research is one of many reasons why we don’t see any sort of impending housing crisis like we experienced in 2009.  In the fourth quarter of 2009 for instance, 26% of all homeowners had negative equity.

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Homebuilder Headaches

The National Association of Home Builders recently surveyed their members to ask them about the challenges they currently face and the challenges they expect to face.

 

Far and away, the biggest headache for homebuilders right now is the rising cost of building materials.

 

96% of the survey respondents cited this as a significant problem they faced in 2020 and 89% believe it will be a significant problem this year.

 

It turns out that builders are not only concerned about building material costs, but also the availability of those materials.

 

78% said availability was a significant problem last year and 80% said that it will be a significant problem in 2021.

 

Due to increasing materials costs, we notice builders locally having to raise their base prices significantly in order to keep up with rising costs.

 

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Simple Bathroom Upgrades

The thought of upgrading a bathroom often brings to mind large-scale renovations, demolition, and hefty price tags. Even projects like replacing a backsplash or repairing tile can be more involved than you might think. However, it’s possible to give your bathroom a makeover without breaking the bank (or your back). Whether you’re looking to just freshen it up or make it feel like your own personal spa, these simple projects can help take your bathroom to the next level.

Upgrade your Décor

If you want to make a big splash without spending big money, consider upgrading your bathroom with new décor. A fresh coat of paint on the walls or a bold, patterned wallpaper can completely change the character of the space, while accent pieces like a new shower curtain and towel racks can reinforce your color choices. Installing shelving is a simple, functional tactic that gives dimension to your walls. Whether it’s in the shower, above your toilet, or beside your vanity, a shelf can save surface space while helping to tie the room together.

Upgrade your Tub

Upgrading your tub doesn’t have to mean buying a replacement. Simply refinishing your tub will have it looking brand new and helps you save money. Over time, tubs accumulate cracks, dings, and discoloration due to mold, but refinishing can cure these imperfections right away. Start by removing all hardware from the tub. Sand the whole surface, fill in any cracks or holes with putty or epoxy, then sand them smooth. Apply multiple layers of primer and topcoat, give it a buff, and enjoy your brand-new bathtub.

If refinishing your tub is too much to handle, consider simply touching it up. Fill in any cracks and apply a fresh line of caulking around the surface. After this is done, shop around for new tub hardware to polish off your cost-effective bathtub makeover.

Upgrade Your Vanity

With just a few tweaks, you can turn your vanity area from a mirror with counter space to an impactful centerpiece. Instead of going all out with a new cabinet install, simply replacing your cabinet hardware and drawer pulls can make a big difference. Think of ways your new hardware can reinforce the style of your bathroom. Match them with your shower rod, faucet, and showerhead to make your bathroom more eye-catching.

Your vanity also offers a great opportunity to add some color to your bathroom. Giving it a fresh coat of paint will help to liven up the space at a low cost. For wooden vanities, a re-stain is a great way to give them new life. Start by removing the doors and drawers. Apply wood stripping to all surfaces, then let them sit for the recommended time. Now you can begin to scrape away the old finish. Sand down all surfaces and apply the primer before staining the wood. Once your stain settles in, apply a second coat and your vanity will be good as new.

Finishing Touches

Well-organized surfaces and compartments will help to create serenity in your bathroom. Whether it’s in the shower, the medicine cabinet, or below the vanity, look for multipurpose organizers that help cut down on bathroom clutter and save space. Add in natural elements like bamboo and river rocks to make your bathroom feel like a soothing sanctuary.

 

For more ideas on affordable home makeovers, check out our tips for upgrading your bedroomhome office, and kitchen.

The post Simple Bathroom Upgrades appeared first on Fort Collins Real Estate | Fort Collins Homes for Sale & Property Search.

Simple Bathroom Upgrades

The thought of upgrading a bathroom often brings to mind large-scale renovations, demolition, and hefty price tags. Even projects like replacing a backsplash or repairing tile can be more involved than you might think. However, it’s possible to give your bathroom a makeover without breaking the bank (or your back). Whether you’re looking to just freshen it up or make it feel like your own personal spa, these simple projects can help take your bathroom to the next level.

Upgrade your Décor

If you want to make a big splash without spending big money, consider upgrading your bathroom with new décor. A fresh coat of paint on the walls or a bold, patterned wallpaper can completely change the character of the space, while accent pieces like a new shower curtain and towel racks can reinforce your color choices. Installing shelving is a simple, functional tactic that gives dimension to your walls. Whether it’s in the shower, above your toilet, or beside your vanity, a shelf can save surface space while helping to tie the room together.

Upgrade your Tub

Upgrading your tub doesn’t have to mean buying a replacement. Simply refinishing your tub will have it looking brand new and helps you save money. Over time, tubs accumulate cracks, dings, and discoloration due to mold, but refinishing can cure these imperfections right away. Start by removing all hardware from the tub. Sand the whole surface, fill in any cracks or holes with putty or epoxy, then sand them smooth. Apply multiple layers of primer and topcoat, give it a buff, and enjoy your brand-new bathtub.

If refinishing your tub is too much to handle, consider simply touching it up. Fill in any cracks and apply a fresh line of caulking around the surface. After this is done, shop around for new tub hardware to polish off your cost-effective bathtub makeover.

Upgrade Your Vanity

With just a few tweaks, you can turn your vanity area from a mirror with counter space to an impactful centerpiece. Instead of going all out with a new cabinet install, simply replacing your cabinet hardware and drawer pulls can make a big difference. Think of ways your new hardware can reinforce the style of your bathroom. Match them with your shower rod, faucet, and showerhead to make your bathroom more eye-catching.

Your vanity also offers a great opportunity to add some color to your bathroom. Giving it a fresh coat of paint will help to liven up the space at a low cost. For wooden vanities, a re-stain is a great way to give them new life. Start by removing the doors and drawers. Apply wood stripping to all surfaces, then let them sit for the recommended time. Now you can begin to scrape away the old finish. Sand down all surfaces and apply the primer before staining the wood. Once your stain settles in, apply a second coat and your vanity will be good as new.

Finishing Touches

Well-organized surfaces and compartments will help to create serenity in your bathroom. Whether it’s in the shower, the medicine cabinet, or below the vanity, look for multipurpose organizers that help cut down on bathroom clutter and save space. Add in natural elements like bamboo and river rocks to make your bathroom feel like a soothing sanctuary.

 

For more ideas on affordable home makeovers, check out our tips for upgrading your bedroomhome office, and kitchen.

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Summerfields Ranch!

5569 Quarry Street is a fantastic ranch-style home in the popular Summerfields at Timnath Ranch community. One of the builder’s most popular floorplans, this home includes wonderful upgrades to include hardwood floors and custom blinds. The sprawling kitchen, boasting granite slab, newer stainless appliances, and counter space galore, opens to the great room with a gas fireplace! Separate dining area and office with French doors. Spacious master suite w/ 5pc. bath. Huge unfinished basement for future expansion. Large patio for entertaining in the full landscaped back yard. Oversized 2-car garage. New furnace and humidifier. Two nearby parks, amazing neighborhood pool & clubhouse with workout facility. Poudre School District! Contact Jon Holsten at (970) 237-2752 for your private showing for more information or click the link below for more details.

http://windermerenoco.com/listing/127899272

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Homestead Heights Home!

2237 76th Ave Ct is a fantastic 4-bedroom home in West Greeley’s popular Homestead Heights neighborhood! Featuring a spacious floor plan, this well-maintained home boasts a sprawling kitchen with plenty of storage, along with separate dining and family rooms. All four bedrooms, including the large master suite, are on the upper level. Unfinished basement for future expansion. Entertain or relax in the fully fenced backyard. Tandem 3-car garage. Close to most any service this great community has to offer! Contact Jon Holsten at (970) 237-2752 for your private showing for more information or click the link below for more details.

http://windermerenoco.com/listing/126609393

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Centennial Farms Ranch!

1534 S Cattleman Drive is a fantastic 5 bedroom ranch-style home on a cul-de-sac in Milliken’s popular Centennial Farms neighborhood! Featuring a wide-open floor plan with vaulted ceilings, this home boasts a sprawling kitchen with plenty of storage opening to the spacious great room with a bay window. Three bedrooms and a bath on the main level, with two additional bedrooms, bath, rec room and flex space in the beautifully finished basement. Newer roof, furnace and windows. A great home in a vibrant community! Contact Jon Holsten at (970) 237-2752 for your private showing for more information or click the link below for more details.

http://windermerenoco.com/listing/127503730

 

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Modern 2 Story!

3928 Fig Tree Street in Wellington, is a beautiful 2 story home with modern finishes and upgrades. Great floorplan flows in to the upgraded kitchen. Bedrooms are all upstairs with a full master bath. Unfinished basement for future addition of equity. Under contract immediately. Contact Paul Hunter at (970) 673-7285 for your private showing for more information or click the link below for more details.

http://windermerenoco.com/listing/126536646

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Modern 2 Story!

3928 Fig Tree Street in Wellington, is a beautiful 2 story home with modern finishes and upgrades. Great floorplan flows in to the upgraded kitchen. Bedrooms are all upstairs with a full master bath. Unfinished basement for future addition of equity. Under contract immediately. Contact Paul Hunter at (970) 673-7285 for your private showing for more information or click the link below for more details.

http://windermerenoco.com/listing/126536646

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Days of Inventory

In the residential real estate industry, inventory is typically measured in months.

 

For example, the definition of a “sellers’ market” is when there is less than 4 months of inventory on the market.  Meaning, at the current pace of sales, it would take less than four months to sell all the homes currently for sale.

 

Today it makes more sense to measure inventory in days instead of months.

 

Here is the number of residential properties currently listed for sale in each market:

 

  • Larimer County = 255
  • Weld County = 261
  • Metro Denver = 1,645

 

Here is the current pace of sales in each market:

  • Larimer County = 10/day
  • Weld County = 10/day
  • Metro Denver = 112/day

 

So, at the current pace of sales, this is how long it would take to sell all the residential properties currently for sale in each market:

  • Larimer County = 26 days
  • Weld County = 27 days

Metro Denver = 15 days

measuring

 

At Windermere Real Estate we are taking Safer at Home and Social Distancing very seriously.  Our people are following our Safe Showings protocol, staying connected to their clients, and providing help wherever needed.

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