Investment Home Opportunity

1212 Walnut Ave, Loveland is an amazing opportunity to have an investment property, flip or rehab for your own. This unique, mid century ranch has great bones, some original features and sits on over a 1/4 acre lot with no HOA or metro. Two full kitchens! BOTH a large detached two car garage with shop, as well as a one car attached garage and shed too. Perfect for RV, boat and other toy storage. Located in the county, but conveniently located in west Loveland, easy access to the mountains. Unique two sided wrap around, glassed in deck. Multiple patio areas & additional deck to relax and enjoy the mountain view. Call Nancy Harwood at (970) 449-2652 to schedule your private tour or click here for more information. 

 

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Investment Home Opportunity

1212 Walnut Ave, Loveland is an amazing opportunity to have an investment property, flip or rehab for your own. This unique, mid century ranch has great bones, some original features and sits on over a 1/4 acre lot with no HOA or metro. Two full kitchens! BOTH a large detached two car garage with shop, as well as a one car attached garage and shed too. Perfect for RV, boat and other toy storage. Located in the county, but conveniently located in west Loveland, easy access to the mountains. Unique two sided wrap around, glassed in deck. Multiple patio areas & additional deck to relax and enjoy the mountain view. Call Nancy Harwood at (970) 449-2652 to schedule your private tour or click here for more information. 

 

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South Fort Collins Gem

Welcome Home to 635 Stoney Brook Road! Check out this well priced and well-maintained home in desirable South Ft. Collins. This is the perfect starter home or investment property. This home has an open layout, 4 bedrooms, 2 1/2 baths and a well landscaped backyard for those summer BBQ’s. Showings to start Friday July 16, 10:00 am. Go and show until Sunday July 18, 2:00 PM.All offers Due by 3:00 PM Sunday, July 18. Acceptance by 6:00 PM Sunday July 18. Contact Lindsey Crisanti at (970) 420-4498 to schedule your private tour or click here for more information. 

 

 

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Rare Investment Property!

GRANDFATHERED AIR BNB AND STR LICENSE. 1601 Westview Avenue is an investment opportunity/income property one block from City Park & near CSU. Live upstairs and rent Air BNB or rent both for income. Location does NOT get better for this home or this opportunity. Main + Upper levels boast a fabulous kitchen, separate dining room, large sunroom, beamed living room with wood-burning FP & 2 bedrooms/1 baths. Lower level = turn-key 2 bedroom/1 bath air bnb with coded kitchenette and large hangout space. With pullout, sleeps 6. All of this on a large cul-de-sac lot with mature trees, garden area, large deck, flagstone patio and storage shed. Attract FOCO relocations, CSU visits, Ski Trips, Brewery Tours, etc. Lower level=$100/night and upper level=$120/night conservatively. Contact Karen Catt at (970) 699-2857 for your private showing for more information or click the link below for more details.

http://windermerenoco.com/listing/126246747

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Fabulous Investment Property!

The owners have decided on an offer and we’ll update status as soon as we have everyone’s signature on the counter. Great Opportunity in desirable South College Heights!  605 Dartmouth Trail is right in the center of Mid-Town Ft Collins and just blocks from shopping, entertainment, the Mason St corridor and only minutes from CSU and Downtown! This home does need a lot of work. The owners have had mold and asbestos professionally mitigated and the demo work is already done here. This property is being sold “As-Is” through a family trust and is priced accordingly. Call for your private showing at (970) 215-1573  for more information or click the link below for more details.

http://windermerenoco.com/listing/122693388

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Dream Investment Property in Fort Collins!

Central Fort Collins for a great price! Well maintained home in Warren Farm, this is NOT one that backs to Horsetooth. Currently leased for $1750 per month through July of 2021, so it’s a great plug and play investment property. Contact Paul Hunter at (970) 673-7285 for your private showing for more information or click the link below for more details.

CLICK HERE FOR MORE DETAILS

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Dream Investment Property!

Fantastic, well-maintained ranch-style duplex at 60 W Nelson Avenue, in growing Keenesburg! Each side features a 2 bed/2 bath unit, with a spacious main level, boasting a great kitchen, living room, separate dining and powder bath. Both bedrooms and laundry are in the basement. Fully fenced low-maintenance back yard with private patio. One car attached garage for each unit. One side is currently on a month-to-month lease. The other is vacant. Awesome investment property with great cash-flow potential. 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/112917752

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So you bought an investment property, now what?

Image Source: Christopher Harris on Unspash

Investing in a home is a great way to build passive income but earning from your investment will take a little groundwork to become a well-oiled machine. This is your beginner’s guide to owning an investment property so you can set up that foundation properly to avoid future headaches.

 

Make sure it’s livable

It’s important to start with your home inspection before you start making plans. Use the inspection report to prioritize the maintenance issues.

Before a tenant moves in, make sure the home is livable. Handle the important items that affect the livability of the property, either now or in the near future. If the inspector noticed a leak in the roof or holes that could lead to infestation, take care of those first. Other maintenance issues to prioritize are the fuel and the hot water source.

If your city has inspection and registration requirements, be sure to cross check those inspection checklists with your current property. If the property wouldn’t pass now, make sure it will pass by the time the city sees it.

 

Upgrade the space

Once your property is in livable condition, it’s time to upgrade. If you have any left-over budget after the necessities are handled, consider adding a bedroom or a bathroom where you can find the space. These rooms heavily impact the rental price, and the more you have the higher the price. If there’s no space for another bed or bath, think about finishing the basement or upgrading some of the appliances to make the property more attractive to potential tenants.

Use similar properties in your neighborhood as your inspiration. These units are your competition, think about what you can add, or even take away, that would help you compete. Ask yourself what about your home is unique and in what ways does that affect your rentability? If every unit in your area has hardwoods, how can you make your carpeted home appealing? Maybe new carpet? Or is switching to hardwoods, or vinyl laminate that looks like wood, worth it?

 

Market it to future tenants

You need two things in your listing: 1) Great Photos 2) An Amazing Description

After you’ve perfected the property, it’s time to tell potential tenants that it’s available. Creating the listing is essential in drawing eyes on the unit so you can show it to as many people as possible.

Renters looking to move are quick to make their first impression of a property with thumbnail photos on a map. So, take lots of great, bright, photos of the entire place to showcase the amenities and show potential tenants what it looks like, then choose the best photo to be the first in the lineup. Remember to get the lighting is just right to show every corner of the listing. Dark photos scare tenants away, making them think the unit is dingy and dirty. Light and bright photos show a clean home that’s move-in ready. They can imagine themselves living there a lot easier than in dark and cramped looking units.

Next, they’ll read the description. This is again where other listings in your area can help you.

Read other listings to structure your description and to draw inspiration on what tenants might think is important. Find the selling points and emphasize those above the unique features, especially if those unique features are obvious in the photos.

 

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Is the Condominium Lifestyle Right for You?

 

Condominium homes are a great, low-maintenance choice for a primary residence, second home, or investment property. This alternative to the traditional single-family home has unique issues to consider before buying, as well as unique benefits.

Increasingly, condos are not just for first-time homebuyers looking for a less expensive entry into the housing market. Empty-nesters and retirees are happy to give up mowing the lawn and painting the house. Busy professionals can experience luxury living knowing their home is safe and well-maintained while they are away on business.

If you are considering buying a condominium for a home, here are a few things you should know:

 

Condominium basics:

With condominiums, you own everything in your unit on your side of the walls. Individual owners hold title to the condominium unit only, not the land beneath the unit. All owners share title to the common areas: the grounds, lobby, halls, parking areas and other amenities. A homeowners’ association (HOA) usually manages the complex and collects a monthly fee from all condominium owners to pay for the operation and maintenance of the property. These fees may include such items as insurance, landscape, and grounds up-keep, pool maintenance, security, and administrative costs.

The owners of the units in a condominium are all automatic members of the condo association. The association is run by a volunteer Board of Directors, who manage the operations and upkeep of the property. A professional management company may also be involved in assisting the board in their decisions. The condo association also administers rules and regulations designed to ensure safety and maintain the value of your investment. Examples include whether or not pets are allowed and the hours of use for condominium facilities, such as pools and work-out rooms. Should a major expense occur, all owners are responsible for paying their fair share of the expense.

The pros and cons of condominium living:

The condominium lifestyle has many benefits, but condominium ownership isn’t for everyone. Whether living in a condominium works for you depends on your current and planned future lifestyle. By necessity, condominium associations have a number of standardized rules. You need to decide whether these regulations work for you or not. Here are some points to keep in mind if you’re considering condominium living.

Convenience: People who love living in condominiums always cite the convenience factor. It’s nice to have someone else take care of landscaping, upkeep, and security. Condominium homes are often located in urban areas where restaurants, groceries, and entertainment are just a short walk away.

Luxury amenities: May condominiums offer an array of amenities that most homeowners couldn’t afford on their own, such as fitness centers, clubhouses, wine cellars, roof-top decks, and swimming pools. Lobbies of upscale condominiums can rival those of four-star hotels, making a great impression on residents.

Privacy: Since you share common walls and floors with other condominium owners, there is less privacy than what you’d expect in a single-family home. While condominiums are built with noise abatement features, you may still occasionally hear your neighbors.

Space: Except for very high-end units, condominiums are generally smaller than single-family homes. That means less storage space and often, smaller rooms. The patios and balconies of individual units are usually much smaller as well.

Autonomy: As a condominium owner, you are required to follow the laws of the associations. That means giving up a certain amount of control and getting involved in the group decision-making process. HOA bylaws vary greatly from property to property, and some people may find certain rules too restrictive.

 

Things to consider when you decide to buy:

Condominium homes vary from intimate studios to eclectic lofts and luxury penthouses. The right condominium is the one that best fits your lifestyle. Here are a few questions to ask to determine which condominium is right for you.

How will you use it? 

Will your condominium be your primary residence? A second home? An investment property? While a studio may be too small for a primary residence, it might be a perfect getaway. Also, consider how your lifestyle may change over the next five to seven years. If you are close to retirement, you may want to have the option of turning a vacation condominium into your permanent home.

What amenities are most important to you?

Amenities vary location to location. Decide what you want, and you can be assured of finding it. Most urban and resort condominiums have an enticing array of extras, from spas to movie screening rooms to tennis courts.

What are your specific needs?

Do you have a pet? Some associations don’t allow them; others have limitations on their size. Most buildings will have a rental cap, so be sure to know what that cap is if you’re buying as an investment. Parking can also be a major issue, especially in dense, urban areas. How many spaces do you get per unit? Do you pay extra if you have more vehicles?

Cost: Condominium homes typically cost less than houses, so they’re a great choice for first-time buyers. However, because condominiums are concentrated in more expensive locations, and sizes are generally smaller than a comparable single-family home, the price per square foot for a condominium is usually higher.

 

Finally, once you’ve found a property you like, examine the association’s declaration, rules, and bylaws to make sure they fit your needs. The association will provide you with an outline of their monthly fees and exactly what they cover so you can accurately budget your expenses.

Ask to review the association board’s meeting minutes from the past year to get an idea of any issues the association is working on. An analysis of sales demand and property appreciation compared to like units may help ensure that you make the best possible investment.

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Terrific Unit in Midtown Fort Collins!

This terrific third-story residence at 3400 Stanford Road in Midtown Fort Collins is well-maintained and move-in ready with new flooring throughout! Classy great room with fireplace and access to the balcony. Super convenient access to restaurants, shopping, entertainment, and the MAX transit system. Fantastic private residence or investment property! Awesome unit and an excellent value! 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/101157200

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