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What Do HOA Fees Pay For?
No one likes paying their HOA fees, but that pesky bill comes every month! I despise paying my gigantic HOA fee as much as any other condo-dweller, but it has come to my rescue on more than one occasion. Next time you have to fork up several hundred to your Homeowners’ Association, try to remember everything it’s doing for you…
You don’t have to be Ruler of Rubbish
HOA fees often cover some basic expenses, such as trash removal, water, and sewage upkeep. I don’t know about you, but I’m more than happy to pass any sewage-related hiring along to my Homeowners’ Association. Not sure what your fee covers? Simply ask!
Things always look lovely
The cost of your HOA likely goes toward…
Your Guide To Sending Your Kid to a Great School No Matter Where You Live!
Live Urban Real Estate believes that all children deserve a high-quality education. With Denver’s unprecedented residential listing shortage and continually booming popularity, some families are having difficulty finding a home within their preferred school zone. Often, buyers find themselves focusing more on finding a home they love while remaining in their budget and are unable to even consider what school zone the property is in. This can lead to disappointment and frustration, when future educational plans seem all but dashed.
But, we see a real opportunity for educational improvement amidst this low-inventory housing market. With all types of families moving into…
Denver’s hot real estate market isn’t just inflating home prices, it’s ballooning rental fees as well! If you’re considering buying a rental property, you’re onto something. High rental demand in and around Denver has created a landlord friendly market, just waiting for cashflow savvy investors. With these 10 simple steps to buying a rental property, you’re on your way to cashing-in passive income.
Find a Neighborhood Close to the Action (But Not in the Heart of it)
You don’t want to pay top dollar for a rental property and home price is all about location. In order to capitalize on the business of a city center while keeping purchase cost low, look to the outskirts of your closest city and avoid trendy neighborhoods.
Great news coming out of the Colorado state legislature yesterday. As the Denver Business Journal reported, "After years of failed negotiations, business leaders and Democratic Colorado legislators finally have reached an agreement to move forward a bill that will reform construction-defects law."
With rising home prices and increasing concern about the lack of affordably housing in the Denver metro area, the bill aims to jump-starting what is largely a non-existent condominium construction market. Our data for the first quarter of 2017 illustrates the current condo market.
"Condominiums now make up less than 3 percent of the new housing stock in Colorado, and builders say they are unwilling to build because current law makes it too easy for…
By Katie Bassett, Trulia (A verified Guest Post)
Dwindling home inventory and a surge in home prices have created a daunting cloud over those living in Denver. Instead of exploring home buying options, many Denver residents continue to write monthly checks to their landlord and throw money into the renting abyss, without seeing any investment gain.
If you’ve found yourself in this quandary, now is the time to change your perception. While buying a home in Denver may seem counterintuitive in the current economic landscape, there are multiple factors that actually make buying a home in Denver favorable. Instead of teetering on the home buying fence, wary of market conditions, those interested in living in Denver should take advantage of the…
by Lon Welsh (Verified Guest Author)On Sunday, April 16th, The Denver Post published an article which predicted median prices across northern Front Range of Colorado will fall 20 percent from 2019-22, according to Location Inc., a geographic research and real estate data firm. “At some point, the fundamentals are, ‘Can people afford to buy it, and what are their alternatives if they can’t afford to buy?’ ” said Andrew Schiller, CEO of the Connecticut firm. “Prepare for a reversal.”
Is a Denver Real Estate Market Reversal Imminent?
If you are a research company with a new product to promote, the most reliable way to get a lot of very free publicity is to make dire predictions about doom in the future. As they say in the publishing business,…
Myth: I missed the best investment opportunities and the party is over.
Realty: Your gut feeling is right, but you can still recreate almost the same returns as the investors who bought in the downturn. It is not too late!
On the graph below the purple line represents someone who purchased two homes in 2011 ($25,000 down in total). They did pretty well for themselves and the properties are now worth $855,000 with an annual income of $41,600. We all wish we did that! But it is not too late.
If you really want to start investing in real estate, you can recreate a similar effect to the downturn by buying one place now, waiting 4 years, refinance, and buy a second property. That scenario is represented by the dotted blue line. In the end, you would have a
Move in ready 1940s bungalow or row-home lot perfect for redevelopment in Denver's trending West Colfax/Sloans neighborhood.
Hot hot 'hood walking to Sloans Lake redevelopment and Highlands hotspots. Rent while you formulate redevelopment plans, or make this recently remodeled home yours. U-RH-3a zoning on a 6,250 lot offers development options in a rapidly transitioning neighborhood. The home's features include 2 bedrooms, 1 bath, hardwood floors throughout, recently updated kitchen and bath, stainless steel appliances, double-paned windows, central AC, sprinkler system and more. Going carless? No problem. A mere two blocks from light rail and only a block to the bus stop. Close proximity to bike trails, green space, Sloans Park Burger, coffee…