Category Archives: Real Estate News
I recently attended the ribbon cutting ceremony for the Micah Project. The Micah Project will provide permanent housing for disabled, veterans and low income individuals. The Micah Project is part of The Inn Between. The Inn Between is one of my favorite local organizations as it helps local residents with a hand up through transitional housing and other assistance programs. The Micah Project is amazing in that a number of local churches, organizations and individuals have come together to make a difference in our community to provide permanent housing for up to 14 people in need. It is inspirational to see how our community has come together for this project. I am so grateful to live in a community where there are such wonderful people donating time, funds, and skills to help one another.
If you’d like to know more about The Inn Between and/or the Micah Project, please visit their website at www.theinnbetween.org. If you’d like to donate, in any way, please do so.
We all know the local real estate market has appreciated A LOT over the last 2-3 years. Home appreciation goes a long ways to increasing our equity in the home. Another way to increase equity is to pay down the mortgage. In the past, during the economic downturn, millions were plagued with homes that were not worth what they paid for them. My husband and I were one of those with a rental property in Arizona. The rent did not cover the mortgage, even with a substantial down payment. That negative cash flow each month is not what we intended with an investment property. So, I said, “Let’s sell it”. Wrong. The home’s market value was $60,000 less than we had paid for it. So, we had to find a way to cover this difference between the mortgage and the rent received each month until the home either appreciated enough and we could sell it, or we could raise the rent enough to cover the mortgage. I know many people found themselves in the same situation with investment properties and primary residences. Fortunately for us, the home has now appreciated to much more than we paid for it. And, we were in a position to be able to handle the negative cash flow at the time.
It’s good news (see below) that this trend has begun to correct itself. Of course, in areas of economic growth, this is more likely to be the case.
I’m happy to say, living in Boulder County, that our primary residence has appreciated quite a bit. However, I’m also happy to say, we just paid off the mortgage!! Yeah! This feels like true financial freedom. The extra cash flow each month will be used wisely to expand our retirement portfolio. Paying off a home is a huge milestone for all homeowners.
Call me if you are interested in the market value of your home.
More Properties Are Equity-Rich Than Ever Before
The number of American properties that are equity-rich has reached an-all time high of 14.5 million, or according to new third quarter 2018 data from property data tracking firm Attom Data Solutions.
An equity-rich property is defined as one where the combined estimated amount of loans secured is 50 percent or less of the property’s market worth…Read More
Hmmm, no garage? I see so many folks who do have a garage and don’t put their car inside as they have other toys and stuff stored there. I know we can expect a lot of changes in transportation options now and in the near future. But, I still like my garage, even if it isn’t for my car. What do you think?
The technology to power driverless vehicles is already here, and greater tests of autonomous vehicles are already hitting the roadways. And as autonomous vehicles are spread around and the popularity of car-share programs rise, housing analysts are already calling on the death of the garage in residential homes…Read More
I thought you might enjoy a variety of articles for this post, so check out the links below.
Isn’t fall the greatest time of year in Colorado? Whether you’re outside taking in the sights or…Read More
We are excited to announce that WK Real Estate has been awarded “Best Real Estate Company” and…Read More
Today’s housing market is vastly different than the bubble market of 12 years ago. Here are four key differences…Read More
If you’re selling your home, here are some ways to make a great first impression…Read More
One of the things I really enjoy about viewing homes, especially remodels or new construction, is finding out “what’s in, and what’s not.” I love this article about the 5th wall. Most of us ignore the ceilings in our home, except to paint them a basic, neutral color. Check out some of these examples! What fun! I love these ideas. You can update a room with some of these simple changes.
Stunning Ceilings: The Latest Eye Candy for the Fifth Wall
Source: REALTOR® Magazine
Ceilings are too often the plain Jane element of a listing, but this element your listing’s structure can assume a starring role and transform a space with minimal effort and expense. Learn about your clients’ options, from millwork to lighting, different shapes, paint, and even wallpaper.
Ceilings have long reflected architectural, economic, and other influences of the day. In early American homes, low ceilings were favored to keep spaces warm, even if they made them feel a bit claustrophobic. During the Victorian era, high ceilings—at least nine feet high and often higher—were embellished, integrating handcrafted cast-plaster ornaments, stencilling, and other decorative treatments…Read More