BlogFun FactsWindermere Real Estate September 11, 2020

Forbearance Falls

The number of loans in forbearance just fell to their lowest level since mid-April.

 

This is good news for the real estate market.

 

Less and less people are seeking payment relief on their mortgages.

 

The number of loans currently in forbearance stands at 7.16%.

 

This news coincides with the U.S. Unemployment Rate falling to it’s lowest level in 5 months as more people are getting their jobs back.

 

The economy has added back roughly half of the 22.2 million jobs that were lost in March and April of this year.

waterfall

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BlogCommunityFoundationWindermere Foundation September 9, 2020

Electronic Device Drive!!!

Device Donation

ChildSafe needs our help! Join us, through the Windermere Foundation, in an to benefit Childsafe.

One of the many challenges of the pandemic is getting support out to children that are currently benefiting from Childsafe services. Many children are home with their abusers during these days of quarantine. We are in need of iPads, tablets or old computers with internet and video capabilities to help these children get the support/services they need.

Please drop off your old devices at either the Windsor or Fort Collins Windermere offices. All equipment will go through a professional cleaning and memory clear. Thank you in advance for your help in this project. Donations are being accepted until 9/25/2020. #AllInForCommunity #WindermereFoundation

**Don’t have a device to donate? ChildSafe also accepts financial donations. Just click on the link below!! **

https://www.childsafecolorado.org/donate/

BlogVirtual TourWindsor Real Estate September 8, 2020

Governor’s Farm Ranch!

You won’t want to miss your chance to see this incredible ranch home on a large corner lot in Governors Farm. NO HOA, no metro district and within walking distance to schools, restaurants, Windsor Library, Eastman Park and so much more! 609 Meadow Drive Winsdor, CO features a finished basement, a large covered back patio and a beautifully maintained backyard that’s perfect for BBQ’s and sunsets, this home is in great condition and surely won’t last long in this hot market! Main floor master with a private master 3/4 bath. Beautiful main floor hallway bathroom redone in 2020. All new stainless steel kitchen appliances and new CertainTeed Class 4 Impact Resistant Shingles roof replaced in 2019! Don’t miss out on this incredible opportunity and get in a showing as soon as possible! Contact Meaghan Nicholl at (970) 497-9045 for your private showing for more information or click the link below for more details.

https://windermerewindsor.com/listing/113632857

BlogFun FactsWindermere Real Estate September 4, 2020

New Home Surge

Sales of new homes have jumped to their highest levels in 14 years.

 

The annualized rate of single-family new construction homes is now at 901,000 according to the new Census Bureau report.

 

This means that across the U.S., at the current pace of sales, there will be almost 1,000,000 new homes built and sold over the next 12 months.

 

This pace is 36% higher than one year ago and the highest it has been since the end of 2006.

 

Given the low inventory levels of previously-owned homes that most of the Country is experiencing, this uptick in new home activity is welcome news.

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BlogLiving September 1, 2020

Preparing for the School Year at Home

Virtual Learning

Image source: Shutterstock

For those whose children will be taking classes online or participating in remote learning this school year, keeping the following tips in mind will help create an at-home learning environment that prioritizes health and learning, while being able to adjust to this year’s unknowns.

A home cannot fully replace all that a formal school classroom has to offer. However, what it lacks in traditional classroom appeal it makes up for in comfort and familiarity. Prepping your home to take on this additional role will help set your child up for success during what will be a unique academic year for many.

Set the tone

One of the best ways to set your children up for success this school year is to get them excited. It is important to communicate that this school year, even with all its unknowns, is an exciting opportunity for new and creative ways to learn and grow. Helping your child understand the unique learning possibilities your home provides will get the school year off to an enthusiastic start.

Create a space 

Establishing a designated space for school at home is important for a child’s ability to focus and to associate a space with learning. How you create a classroom environment will depend on your home and your needs. If your child is most comfortable in their room, try incorporating their classroom setup there. Depending on your child’s age, it may help to have toys or familiar room objects nearby. However, if your child is distracted by their own room, it may be better to set up elsewhere to help them focus, such as a nook or office.

Allowing your child the freedom to make the space their own will help stimulate their imagination, which is vital to their learning and enjoyment of school.

Wherever the home classroom is, be sure that area has minimal distractions, maintains a strong internet connection, and is well-stocked with school supplies within reach at all times.

Back to school

To maintain a sense of normalcy, keep your family’s back-to-school traditions intact this year, such as picking out school supplies, back to school clothes shopping, and everyone’s favorite first day of school photo. These ceremonies of preparation for the school year will build excitement while bringing some familiarity to those final days of summer.

Establish a routine

Just as adults have discovered new routines to parallel the shift to remote work, children need a shift in their daily flow to mirror the change to remote learning. The rigor of their school schedule will determine how much flexibility you have in putting together a routine.

Stay active, incorporating movement breaks throughout the day to make up for the lack of physical activity. Plan out times away from their computer screens to differentiate between work and playtime.  It’s recommended that children move at least 60 minutes a day, so prioritize exercise and movement, going outside when possible. This change of scenery is a helpful intermission for children. It gives their eyes a rest from their screens and returns them to their learning space feeling refreshed and revitalized.

Granted, your ability to facilitate your child/children’s preparedness and monitor their continued learning is based on various factors like your work schedule and what resources your school district is providing for at-home learning. No matter your household’s situation, taking these factors into consideration where possible will help set your student(s) up for success.

BlogFun FactsWindermere Real Estate August 28, 2020

Price Report

The Federal Housing Finance Authority just released their most recent quarterly report which tracks home price appreciation in the top 100 metropolitan areas in the U.S. plus appreciation in individual states.

 

Some significant findings from the report:

 

House prices have risen for 36 consecutive quarters, or since September 2011.

 

House prices rose in all 50 states and the District of Columbia between the second quarters of 2019 and 2020.

 

The top five areas for annual appreciation were:

1) Idaho 10.8%

2) Arizona 9.1%

3) Washington 8.6%

4) Utah 8.1%

5) New Mexico 7.7%.

 

Idaho has been the leading state for the last 7 quarters.

 

Colorado showed annual appreciation of 4.4%.

 

The areas showing the lowest annual appreciation were:

1) West Virginia 1.1%

2) North Dakota 1.1%

3) District of Columbia 1.4%

4) Illinois 2.5%

5) Alaska 2.6%.

 

House prices rose in 99 of the top 100 largest metropolitan areas in the U.S. over the last four quarters.

 

Annual price increases were greatest in Honolulu, HI, where prices increased by 11.7%.

 

Prices were weakest in San Francisco, where they decreased by 0.3%.

Plane

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BuyersColorado Housing August 26, 2020

Buying with Your Pets in Mind!

Pets

Image source: Canva

For many of us, pets play a central role in our home life, so taking into account what is best for them when buying a home is important for both their happiness and that of your entire household.

Your neighborhood

When looking for homes that are well suited to both you and your furry companion, consider the area surrounding the home. If your pet is an indoor/outdoor animal, it’s important to examine the hustle and bustle of the neighborhood. If your pet spends time outside, a busy neighborhood could be dangerous, and depending on the level of traffic, he or she may need to be on a leash at all times.

How conducive is the neighborhood for taking your pet on walks? If you frequently walk your pet, look for neighborhoods with sidewalks. If your pet enjoys being off-leash, consider prioritizing homes with green belts, parks, trails, or designated off-leash areas nearby. It’s also a good idea to identify where the local emergency pet centers and veterinarian clinics are to insure there is sufficient medical care for your pet in proximity to where you live.

Your House

  • Size: Is the house big enough? Depending on the type of pet, or breed of animal, space may be the most important factor in picking a pet-friendly home. If you are moving into a bigger space than you were in previously, understand your pet will likely take to the additional room differently. On the flip side, if you are downsizing, be mindful of how it might impact your pet.
  • Yard: If you have a pet that spends time outside, it’s important to pay particular attention to the yard. Is it large enough? Does it have a secure fence? Is there easy access between the home and the yard?
  • Flooring: Pet-friendly flooring can be tough. Surfaces that can be repaired or refinished when scratched are typically the best options for homes with pets. Sealing additional layers will build up the resistance to damage from paws, claws, and general pet wear and tear.
  • Carpet: Cats are notorious for clawing and scratching at carpet, and dogs are infamous for bringing the outdoors in with them. Consider carpeting of a lesser quality in the area where your pets spend most of the time, or search for carpets that are stain-resistant and easy to clean.
  • Stairs: Older pets and multileveled homes are at odds. Consider the age of your pet and how active you expect them to be so that you don’t find yourself in a position where you’re having to carry your pet between floors.

HOA?

When looking at a home, ask whether or not it is a part of a Homeowners Association and what restrictions may apply to the property. For instance, certain HOA developments limit the number and/or type of pets per household.

Most pet owners take the needs of their pets seriously. In fact, in a recent Realtor.com survey, 75 percent of the respondents said they would not accept an otherwise perfect home if it didn’t meet the needs of their pet. When it comes down to it, prioritizing your pet when buying a home not only insures your pet’s well-being, but that of your household, as well.

BlogVirtual TourWindsor Real Estate August 25, 2020

Beautiful Windsor Lake Views

Be the first to enjoy the unique experience of waking up to breathtaking views of Windsor Lake at 610 Cedar Street. Located in Windsor’s Downtown District you will have immediate access to restaurants, shopping and entertainment. Each unit offers high-end finishes, over-sized double pane windows in almost every room, and a charming patio to enjoy Colorado’s beautiful summer evenings. Contact Justine Marx at (970) 775-4030 for your private showing for more information or click the link below for more details.

https://windermerewindsor.com/listing/101145034

BlogJohnstown Real EstateVirtual Tour August 20, 2020

Wonderful Two Story in Johnstown!

Welcome home to this beautiful updated and well-maintained home at 482 Territory Lane in Johnstown. This home features amazing curb appeal, updated laminate flooring throughout the main floor, stylish updated paint throughout the entire home, 4 bedrooms all on the upper level perfect for a family, and a beautifully landscaped back yard with a large established garden. The exterior has been recently painted and the front porch has been updated to make this home really stand out!! Contact Brooke Kern at (970) 980-8349 for your private showing for more information or click the link below for more details.

https://windermerewindsor.com/listing/113183083

Buyers & SellersColorado Housing August 20, 2020

Empty Nesters: Remodel or Sell?

Empty Nesters

Your kids have moved out and now you’re living in a big house with way more space than you need. You have two choices – remodel your existing home or move. Here are some things to consider about each option.

Choice No. 1: Remodel your existing home to better fit your current needs.

  • Remodeling gives you lots of options, but some choices can reduce the value of your home. You can combine two bedrooms into a master suite or change another bedroom into a spa area. But reducing the number of bedrooms can dramatically decrease the value of your house when you go to sell, making it much less desirable to a typical buyer with a family.
  • The ROI on remodeling is generally poor. You should remodel because it’s something that makes your home more appealing for you, not because you want to increase the value of your home. According to a recent study, on average you’ll recoup just 64 percent of a remodeling project’s investment when you go to sell.
  • Remodeling is stressful. Living in a construction zone is no fun, and an extensive remodel may mean that you have to move out of your home for a while. Staying on budget is also challenging. Remodels often end up taking much more time and much more money than homeowners expect.

Choice No. 2: Sell your existing home and buy your empty nest dream home.

  • You can downsize to a single-level residence and upsize your lifestyle. Many people planning for their later years prefer a home that is all on one level and has less square footage. But downsizing doesn’t mean scrimping. You may be able to funnel the proceeds of the sale of your existing home into a great view or high-end amenities.
  • A “lock-and-leave” home offers more freedom. As your time becomes more flexible, you may want to travel more. Or maybe you’d like to spend winters in a sunnier climate. You may want to trade your existing home for the security and low maintenance of condominium living.
  • There has never been a better time to sell. Our area is one of the top in the country for sellers to get the greatest return on investment. Real estate is cyclical, so the current boom is bound to moderate at some point. If you’re thinking about selling, take advantage of this strong seller’s market and do it now.

Bottom Line

If your current home no longer works for you, consider looking at homes that would meet your lifestyle needs before taking on the cost and hassle of remodeling. Get in touch with a Windermere Real Estate broker to discuss the best option for you.