At Home Colorado - Boulder County Edition

REAL ESTATE

Real Estate News, Open Home Listings, Homes for Sale, Rentals and More!

Colorado Home & Real Estate | AtHomeColorado.com

Oakwood Homes Launches New Phase of Green Valley Ranch in Aurora

Quick Guide and Featured Open Homes

Ask Angie’s List: How Can I Improve The Lighting in My Home

Real Estate: How to Begin the Home Buying Process

Looking for a home? View comprehensive listings of local open houses taking place this weekend from all across the area.

Whether you’re looking to add ambiance and task lighting – or simply to swap out a few outdated fixtures – these ideas will help to inspire lighting upgrades in every room.

If you’re ready to begin the home buying process, there are several pointers to keep in mind as you navigate our current competitive market.

January 31 - February 1, 2020

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REAL ESTATE NEWS COLORADO HOME AND REAL ESTATE

CONTRIBUTING WRITERS Steve Brown Michaela Phillips Rick Jacquemard Cathy Hobbs Duane Duggan Emma Castleberry Diana Crandall Katie Laughridge ADVERTISING CONSULTANTS Thais Hafer, Toni McNeill ADVERTISING DIRECTOR Mary Romano SPECIAL FEATURES COORDINATOR Greg Stone

At Home is an advertising supplement of the Boulder Daily Camera and Longmont Times-Call. ©2020 Prairie Mountain Media.

ADVERTISE To advertise in At Home or to promote your open house visit AtHomeColorado.com/Advertise, call Thais Hafer at 303.473.1456 or Toni McNeill at 303.684.5329.

EDITORIAL & EVENTS

To submit a story idea, calendar event or press release, e-mail athome@dailycamera.com or athome@timescall.com.

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The Group Inc.’s Larry Kendall named to Colorado Business Hall of Fame DENVER – Realtor. Innovator.

Bank director. Author. Teacher.

Philanthropist. Larry Kendall has worn many hats over his 50-year business career. Now he gets a new one: Hall of Famer.

A co-founder of The Group Inc. Real Estate in 1976, Kendall was inducted on Thursday into the Colorado Business Hall of Fame. With the honor, he joins a number of Business Hall of Fame laureates from Northern Colorado including Ken Monfort, Bob Everitt, Bob Tointon, Bill Farr, Kathryn Hach-Darrow and Tom Gleason.

Under Kendall’s leadership – for many years he held the president and/or chairman roles before retiring in 2016 – The Group Inc. became one of the country’s leading real estate firms with its unique collective ownership model. The Group Inc. is annually among the nation’s top-ranked firms for agent productivity. Starting with 12 founding partners, the firm has grown to about 300 employees and Realtors, now totals more than $1.8 billion in annual sales, and has a hand in 26 percent of real estate transactions every year in Northern Colorado.

Kendall is also the co-creator

Larry Kendall

of the Ninja Selling System, a sales method now used by nearly 90,000 real estate professionals around the world. His book Ninja Selling: Subtle Skills. Big Results was an Amazon best seller and earned the Axiom Business Book Awards Gold Medal as the best new sales book for 2018. He continues to lead Ninja Selling training seminars.

Kendall served for 25 years on board of directors for FirstBank Holding Co., retiring in April 2019. In that time, he missed only one board meeting. He served on the board’s audit committee, and also trained more than 700 FirstBank officers in Ninja Selling.

“The most important impact he’s had on our community comes through his leadership, mentorship, and his contributions to causes near and dear to his and Pat’s heart,” said Group Inc. President Brandon Wells, also referring to Larry’s wife Pat Kendall. “They have transformed our region forever and have left a lasting legacy.”

Among his accomplishments, Kendall has been recognized as 2006 Colorado Realtor of the Year and 2007 Alumni Fellow at his alma mater Kansas State University. He holds the Leading Real Estate Companies of the World® Lifetime Achievement Award and shared the National Multiple Sclerosis Society’s Hope Award with his wife. He was previously chair of the Fort Collins Chamber of Commerce, and an instructor in Colorado State University’s College of Business.

The Group Inc. Real Estate is an employee-owned company, founded in Fort Collins in 1976. The company has six locations across Northern Colorado. For more information visit thegroupinc.com or call 970.223.0700.

With more young renters than buyers, apartment boom continues

By Steve Brown The Dallas Morning News With more younger Americans renting than buying homes, apartment builders expect their current construction wave to continue.

Last year, builders started more than 381,000 multifamily homes across the country.

And construction of apartments is expected to increase in both 2020 and 2021, according to the National Association of Home Builders.

“2019 may have been best year of apartment construction,” Robert Dietz, chief economist with the builders association, said at this week’s industry meeting in Las Vegas. “Our forecast is that

apartment construction should continue to remain in the 380,000 to 400,000 annual range.”

Builders are rushing to add apartments in markets across the country to meet demand from young residents.

Before the Great Recession, more than 75% of newly formed U.S. households were buying homes.

Now, more than 75% of new, younger households are renting, said Danushka NanayakkaraSkillington, an analyst with the homebuilders association.

“Student loans and auto loans continue to increase,” Nanayakkara-Skillington said.

“These two types of loans crowd out home purchases for the younger households.”

Apartment construction. (Photo: Shutterstock).

Nationwide homeownership rates have never recovered to where they were before the recession, when more than 69% of Americans owned a home.

“We don’t anticipate the homeownership rate to go up to the 69% or 70% level,” Nanayakkara-Skillington said.

“We think the new equilibrium is around 64% or 65%.”

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MORTGAGE

How to begin the home buying process Interested in finding the perfect home? If you’re ready to begin the home buying process, there are several pointers to keep in mind as you navigate BY MICHAELA our current PHILLIPS competitive Guaranteed Rate, Inc. market.

Whether you’re a first-time buyer or you’re ready to upgrade, the tips we share here will help you prepare for landing a nest you love.

Be ready to leap There’s a housing shortage in many areas of the country, which poses a challenge for buyers. In this white-hot market, it’s crucial to be ready to make a move as soon as you find the ideal property. Before you even begin looking for homes, be sure that your credit score is in order and the necessary documentation is on hand. Here are a few additional steps to take to ensure that

you’re prepared to move forward quickly: Shop around for loan options Finding the right mortgage loan can pose a significant challenge.

While a down payment of at least 20 percent is required to avoid the added expense of Private Mortgage Insurance (PMI), plenty of other options are available to make homeownership possible. If you’re a first-time buyer, an FHA loan may be a desirable possibility to explore. Many lenders offer this type of financing, so be sure to ask potential lenders about special programs for first-timers.

If you’re planning to buy a home in a rural area, a USDA loan allows no money down. Lenders that offer USDA loans can be a bit more difficult to find, but they’re out there.

Team up with a local real estate agent When you’re on the hunt for your ideal residence, an experienced Realtor is a must. Realtors play an essential role in the home-buying process, and it’s doubly important

to find someone local. An agent who’s familiar with the area you’re interested in will likely have in-depth knowledge of nearby neighborhoods so you can explore multiple options.

Consider a longer mortgage term While a 15-year mortgage is a great option for those who feel confident in their ability to make larger payments, a conventional 30-year mortgage has its own set of benefits. Many potential buyers are interested in a 30-year mortgage, as this loan product allows for maximum flexibility.

Your monthly payments will be lower than that of a 15-year mortgage and you’ll enjoy the stability of a fixed interest rate. A 30-year mortgage makes it easy to plan for the future since the payments are predictable.

Michaela is the Vice President of Mortgage Lending at Guaranteed Rate, Inc. Contact Michaela at 303.443.6292, e-mail michaela. phillips@rate.com or visit michaelaphillips.com.

NMLS: 312874.

In this white-hot market, it’s crucial to be ready to make a move as soon as you find the ideal property.

(Photo: Tom and Sini / Pexels).

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705 Hover Street $675,000

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MTN VIEWS & 1.35 ACRES in LONGMONT! + NICE 2607 sq. ft. ranch style home, 4 bedrms, 3 baths AND 1600 sq. ft. garage/shop w/hoist, evap cooler & 2 wood stoves + 14x22 outbldg, greenhouse & fruit cellar. Irrigation Water Included.

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each office independently owned and operated.

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ASK THE EXPERT

Additional inspections After signing a contract to purchase a home one of the first and most important steps that happens is the home inspection.

BY RICK Depending JACQUEMARD on the size of Flatirons Home the home a Inspections standard home inspection will cost between $300 and $700. There may also be other things to consider that could be specific to your home and could be an additional expense.

Your inspector and/or real estate professional can make suggestions as to which might be useful in your case. These additional inspections include but are not limited to: Radon testing is performed on most homes that have contact with the ground, be it a basement, crawl space or slab on ground.

The test equipment will have to be in place for a least 48 hours.

In most cases your home inspector can do the test. Radon is a radioactive, colorless, odorless, tasteless gas and is the second leading cause of lung cancer after cigarette smoking.

A sewer line scope to determine if the main sewer line is damaged or obstructed. These scopes can usually be done at the same time as the general inspection but buy a separate contractor. A sewer scope is a video inspection of the sewer line leading from the house at or near the foundation and connecting to the publicly owned sewer line or septic tank.

Heating and air-conditioning systems and roofs are typically covered in a general home inspection. However, if your inspector suspects there are problems or if the systems are older, they may suggest an evaluation by a system specific professional.

If you are purchasing and older home and plan on doing renovations, you may want to have some things tested for asbestos. Homes built between

1930 and 1950 may have insulation or vinyl flooring that contains asbestos as well as those with ceiling texture done prior to 1978. In basements, you might find boiler pipes wrapped in asbestos insulation.

Asbestos in a home is not hazardous if it is not disturbed.

Homes built in the 1960s or early 1970s may have aluminum wiring that may need evaluation by an electrician. Although properly maintained aluminum wiring is acceptable, aluminum will generally become defective faster than copper due to qualities in the metal.

The presence of lead is another test performed on older homes. If you are planning on performing renovations, repair or painting projects that disturb the paint in homes built before 1978 it is recommended to have the paint tested for lead. Some supply water pipes in homes built before the 1930s were made of lead, especially the main water supply pipe. If the home was built prior to then a water quality test would

be prudent.

Surface sampling for mold may be useful to determine if an area suspected of having mold has been adequately cleaned or remediated.

However, since no EPA or other federal limits have been set for mold or mold spores, sampling cannot be used to check a home’s compliance with federal mold standards A few other “add-on” items that may be considered are, photovoltaic and thermal solar systems, swimming pools, hot tubs, additional out buildings and methamphetamine lab testing.

Ultimately, spending a few hundred dollars before committing to your home purchase is a small price to pay to know all of its systems are in good working order. Consult your Realtor to determine which, if any of these additional inspections would be advisable.

For more information on home inspections contact Rick Jacquemard, at 720.280.3544, e-mail rick@flatironshi.com or visit flatironshi.com.

Open Saturday 11am-1pm & Sunday 1pm-3pm

FEATURED AGENT KAREN BERNARDI

The Bernardi Real Estate Group 303-402-6000 karen@bernardigroup.com

2342 Pine St. • Boulder This 3BR, 2BA 1700-square-foot home is conveniently located within walking distance to everything in central Boulder (from Pearl Street to Whole Foods and 29th Street Mall to the Goose Creek Path).Enjoy the seclusion of the upper level master suite,which includes a study area, four storage closets, and a balcony. Downstairs there are two bedrooms, as well as a spacious mudroom/ laundry room with an attached hobby room or study. Property includes a newer back deck, shaded yard, as well as off-street parking and generous storage shed.

This 1940’s home has central Heat and AC, as well as a gas fireplace to keep things cozy.

$989,000 Amanda G. Lovato, Realtor www.lovatorealestate.com

303-717-6069 4

AT HOME COLORADO

Read Karen’s At Home profile at: www.athomecolorado.com/karen-bernardi

OPEN SATURDAY 11AM - 1PM 911 Pierson Ct., Windsor $429,000 Ready to move in, like-new Galen model now available in Windshire Park, huge corner lot on cul-de-sac! Near schools, dining, shopping, neighborhood pool, park and easy access to I-25. Study on main level. Kitchen with granite countertops, island, espresso cabinets, stainless appliances; refrigerator and washer/dryer stay! Master bedroom has views of the Rockies; all bedrooms are on upper level with laundry. Large stamped concrete patio with plenty of space for BBQ and entertaining.

Enclosed fenced backyard. Oversized garage with epoxy flooring...it’s all waiting for you!

Stef Erion Broker Associate 970.415.7598 www.steferion.com

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REAL ESTATE NEWS

Chris Crew rejoins ERA Tradewind LONGMONT – Chris Crew re-joins ERA Tradewind Real Estate as the newest member of its team of professionals. Crew worked for an research and development company as an accounting manager for 11 years, before entering into real estate.

She managed a small credit union for three years and remained on its board of directors for three additional years. In 1999,

Crew received her real estate license. Later Crew went into the mortgage lending field for a period of time, and then returned back to real estate in 2014. Crew also has worked in property management for three years.

“I will work hard for buyers purchasing a first-time home, investment property or a second home, as well as assisting sellers in the process of selling or relocating,

and investors looking to purchase investment properties,” says Crew.

Crew has been married for 39 years to her husband and has two wonderful daughters and two granddaughters. She loves spending time in the mountains and fishing.

To reach Chris you can call 303.772.9620 or visit ERA Tradewind at 601 S. Bowen St. in Longmont.

RE/MAX of Boulder welcomes Rich Bland BOULDER – Rich Bland was born in Boulder Community Hospital and raised in the foothills up Boulder Canyon. He graduated from Boulder High School in 1991, then headed to Santa Barbara to study music and photography.

After college, he took music and photography around the world, working guest entertainment jobs in Micronesia, then island-hopping through Indonesia, Thailand and Japan. Adapting to bartering systems in developing countries and living off little helped him to sharpen his negotiation skills,

taught him human compassion, and greatly broadened and finetuned his communication skills.

After a couple years, he returned to the U.S. and moved back to Boulder where a local singer and friend helped him get a job in property management. He loved his job for 16 years before finding his true passion: selling homes in the Boulder County area. With solid marketing and organizational skills, along with a large, trusted network – and help from his wife, who is an artist, home stager and painter – he has found a perfect

Dave Wagner 720-244-0980

Chris Crew

formula for bringing top value to clients and their home sales.

Rich currently lives in Boulder with his wife and dog, and enjoys backcountry skiing, hiking, photography, traveling and writing music during his off hours.

His designations include Certified Negotiation Expert (CNE) and Pricing Strategy Advisor (PSA).

Contact Rich at 303.819.6549, e-mail richb@boulderco.com or visit boulderco.com.

Rich Bland

2020

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Thinking of Moving?

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MID-CENTURY MODERN 800 Willowbrook Rd BOULDER $2,975,000, 4 Beds, 5 Baths, 3864 SqFt

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~1 ACRE WITH POOL 5808 Knoll Crest Ct BOULDER $1,900,000, 6 Beds, 7 Baths, 5840 SqFt Stewart Ward 303-704-7774

OLD WORLD MEDITERRANEAN HOME 844 Union Ave BOULDER $1,850,000, 6 Beds, 6 Baths, 5028 SqFt

MODERN LUXURY 1/2 DUPLEX 3700 Ridgeway St BOULDER $1,045,000, 4 Beds, 3 Baths, 4167 SqFt

PRIME LAKEFRONT PROPERTY 291 Alpine Dr NEDERLAND $975,000, 4 Beds, 4 Baths, 2924 SqFt

SOPHISTICATED "SMART" SANCTUARY 1100 Juniper Ave BOULDER $2,650,000, 4 Beds, 6 Baths, 5336 SqFt -3 n1 Su n e Op

CROWN JEWEL OF PROSPECT 905 Neon Forest Cir LONGMONT $1,199,000, 3 Beds, 3 Baths, 4424 SqFt

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UNIQUE NO TRAFFIC LOCATION 1362 Golden Eagle Wy LOUISVILLE $951,000, 5 Beds, 4 Baths, 3625 SqFt Zachary Epps 303-520-0070

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NEW PRICE 1521 9th St BOULDER $1,050,000, 3 Beds, 2 Baths, 2210 SqFt Andy Sepac 303-875-2006

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IMMACULATE & SPACIOUS HOME 1990 Amethyst Dr LONGMONT $809,900, 5 Beds, 4 Baths, 4445 SqFt Nicollette Scieszinski 608-436-6880

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PROSPECT CLASSIC 1017 Neon Forest Cir LONGMONT $799,000, 4 Beds, 4 Baths, 3056 SqFt Suzy Williamson 720-491-9885

NORTH BOULDER BUNGALOW 1545 Norwood Ave BOULDER $795,000, 2 Beds, 2 Baths, 1100 SqFt Greta Tesalona 303-717-3826

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GREAT NEW LISTING 2509 Dahlia St DENVER $785,000, 4 Beds, 3 Baths, 3050 SqFt Sheri Brown 720-323-6821

BEAUTIFUL RANCH IN ARAPAHOE RIDGE 3159 Stevens Cir N ERIE $775,000, 4 Beds, 5 Baths, 4466 SqFt Margie DeBakker 303-915-6815

WAITING FOR YOU 2337 Sandpiper Dr LAFAYETTE $730,000, 3 Beds, 4 Baths, 3175 SqFt Thomas Pringle 303-921-2668

TWO STORY BEAUTY 2925 Gemini Loop BROOMFIELD $730,000, 6 Beds, 5 Baths, 4349 SqFt

GREAT LOCATION 4200 Greenbriar Blvd BOULDER $589,000, 3 Beds, 3 Baths, 1382 SqFt

PRIMO LOCATION IN TANTRA LAKE 919 W Moorhead Cir D BOULDER $519,500, 3 Beds, 2 Baths, 1334 SqFt

MOUNTAIN VIEWS FROM PORCH 756 Brookside Dr LONGMONT $449,900, 5 Beds, 3 Baths, 3590 SqFt

LIGHT & BRIGHT TURN KEY CONDO 4207 Monroe Dr D BOULDER $395,000, 2 Beds, 1 Bath, 968 SqFt

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AT HOME COLORADO

Boulder 303.499.9880

Downtown Longmont 303.651.3939

On Walnut 303.442.3180

Nederland 303.258.7020

4770 Baseline Road Suite #220 Boulder, CO 80303

1911 11th St #200 Boulder, CO 80302

512 4th Avenue Suite 101 Longmont, CO 80501

286 N Bridge Street Nederland, CO 80466 DAILY CAMERA / TIMES-CALL

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DESIGN RECIPES

10 tips for a calmer home

By Cathy Hobbs Tribune News Service

warmth and coziness to a space. Consider warm, shades of brown, green, yellow and red.

For most people, home is the place where a day starts and ends.

Instead of the home being a place of clutter and chaos, how can you truly make it an oasis? The key in essence is to create a sense of calm, which can be achieved in different ways. Here are our top 10 tips.

8. Open the windows. Natural light not only impacts moods, it helps enhance lives.

9. Add candles. Nothing signals calm and relaxation more than candles.

1. Create cozy areas. Create a relaxation area in your home specifically dedicated as a place to recharge.

Greenery and green elements add a sense of nature to indoor environments.

2. Find a relaxation focal point. Even if you don’t have a fireplace for everyone to gather around, you can still rearrange your space to create a focal point that can serve as the hub of relaxation activity. This could be done as simply as creating a cozy room, or an attractive communal table.

(Photo: Design Recipes/TNS).

3. Infuse scents. In nature each season brings a

fresh fragrance and scent.

Fragrance can also help provide a sense of calm.

Consider infusing calming scents into your home such as lavender, mint, juniper and sage.

5. Provide comfort. When in doubt, add a cozy throw or plush pillows.

4. Incorporate nature. Natural elements such as wood can help warm a space.

7. Integrate a neutral color palette. Adding earth tones goes a long way to add

6. Use greenery. Succulents, trees and plants can help improve overall indoor air quality.

10. Unplug. Electronics usage is not only distracting, but a counterbalance to relaxation. Carve out a section of your day for device-free “me” moments.

Cathy Hobbs, based in New York City, is an Emmy Awardwinning television host and a nationally known interior design and home staging expert with offices in New York City, Boston and Washington, D.C. Contact her at info@cathyhobbs.com or visit her website at cathyhobbs.com.

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For those ready for what’s next

5240 2nd Street, Boulder, Colorado | $1,850,000 | Open Saturday & Sunday from 11-1 Listed by: Barb Silverman | 303.886.5329 | livsothebysrealty.com

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695 11th Street, Boulder

6082 North 79th Street, Niwot

NoBo contemporary craftsman sits on an over-sized lot on coveted Juniper Ave. Designed to maximize light and combine indoor and outdoor spaces. $3,595,000 Michael Hughes 303.359.6627

Wonderful location, a mecca for the arts, theater and dining. A gateway to tremendous hiking and biking. 5 bedrooms, 8 baths and 7,040 square feet. $2,995,000 Barb Silverman 303.886.5329

Luxurious 4,600 sq ft home with amazing mountain views on 2+ acres with bonus 2,400 sq ft shop.

Prime location minutes to Boulder & Longmont! $1,900,000 Nick Duncan 303.596.5030

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Build your dream home on 63 acres of beautiful land with spectacular panoramic views in Estes Park. $1,300,000 Eric Breslin 303.919.1685

Enjoy expansive views of Devils Backbone, Rock Mtn and Estes Park from this gorgeous 5 bedroom, 4 baths and 2-car garage. 4,900+ sq ft home with pool. $1,200,000 Eric Breslin 303.919.1685

Beautifully maintained MartinAcre ranch home.

5 bedrooms,3 baths with 2,182 sq ft.Open & updated floor plan with great a backyard & 1-car garage. $825,000 Chris Angelovic 720.438.9232

1050 Walnut Street, Suite 100 | Boulder, Colorado | 303.443.6161 | livsothebysrealty.com

Member of the Exclusive

© MMXIX Sotheby’s International Realty Affiliates LLC. All Rights Reserved. Sotheby’s International Realty Affiliates LLC fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each Office is Independently Owned and Operated. Sotheby’s International Realty and the Sotheby’s International Realty logo are registered (or unregistered) service marks licensed to Sotheby’s International Realty Affiliates LLC.

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REAL ESTATE

Why invest in real estate?

Most people consider their single-family home they live in as an investment in real estate.

In fact, when they fill out a financial

BY DUANE statement, it is DUGGAN even listed as an Realtor and Author asset. It’s true RE/MAX of Boulder that the home will likely go up in value over the years, and as the loan is paid off, it could represent a significant part of a person’s net worth. However, in the truest sense of the word, the personal residence is really a liability rather than an investment.

Think about it: for your home, you are paying the mortgage payment, taxes, utilities, maintenance, etc. It all adds up to a pretty good amount of money being expended each month with no money coming into the equation from the property. It really is a liability.

Now think of a single-family rental property. If you have an amortizing mortgage on it and the rent pays the mortgage and expenses, each month you build equity via principal reduction.

Eventually rents go up and the property becomes free and clear.

It produces cash flow that you can use for buying groceries or daily purchases, for example.

Potential for appreciation Residential real estate has proven to be a good investment over the years. Over the long term, values have continued to rise in Boulder County. However, there certainly have been times when market conditions have slowed sales and prices dipped. An old saying says, “Buy real estate and wait.” In Boulder County, if you bought in the 1980s, you would have bought and waited. In the 1990s, appreciation was much stronger, and a profit could be made after only waiting a short time.

Then the new century arrived.

Even with the Great Recession of 2007 to 2012, Boulder real estate stayed strong. As an example, here is a graph below of how prices in Baseline Subdivision have changed since the turn of the century. I like using Baseline Subdivision as an example because almost all the houses started out January 31 - February 1, 2020

$638,140 or a gain of $138,140 on the same $100,000 investment.

As you trade up, it is important to keep your equity position at a level that allows you to survive downturns in the rental market.

Residential real estate has proven to be a good investment over the years.

(Photo: Tierra Mallorca, Unsplash).

as three-bedroom, one bath, onecar garage and 1,000 square feet.

Baseline Subdivision is located just north of Baseline and east of 30th Street.

Baseline Subdivision Houses, City of Boulder, Colorado • Year 2000 Average Price $238,700 • Year 2010 Average Price $340,273 • Year 2015 Average Price $495,250 • End of 2019 Average Price $654,437 In 1978, as a new Realtor®, I witnessed these homes selling for $27,000. I remember buyers telling me there was no possibility they could ever break $30,000 so they refused to invest. There is never a guarantee of what the future will hold, but the history has been strong.

Job growth drives appreciation The primary reason appreciation occurs is job growth. If job growth is occurring, new families move and need a place to live. When job growth stops, the real estate market will level off. Job growth is even more important than interest rate levels on the overall market.

Lower interest rates will stimulate the local move-up market. If someone doesn’t have a job, it probably doesn’t matter what the

interest rate is.

Debt reduction Every month when a payment is made on a mortgage, a certain amount goes towards principal reduction. If one of your goals is to own real estate free and clear with no mortgage payment, a payment schedule can be created on a 30-year loan that will pay off the loan in whatever timeframe is desired. In the case of an investment property, rent is covering the mortgage payment.

Each month that goes by, the tenant is helping pay off the loan and equity builds.

Leverage The concept of leverage is what is known as using “other people’s money” or OPM. When investing in real estate, it makes the most sense to get a loan for a good portion of the purchase price. To illustrate an example of leverage, let’s say you had $100,000 to invest. You then used that money to purchase one $100,000 condominium. If the real estate market were appreciating at 5% a year and you held the property for five years, the condominium would be worth $122,347 or a gain of $22,347. Now let’s say that, instead, you took that same $100,000, put $20,000 down on each of five $100,000 condominiums. You now own $500,000 worth of real estate.

If the market appreciates at the same 5% per year for five years, your real estate would be worth

Tax break Everyone should consult a tax advisor on how ownership of real estate will affect them personally.

The 1986 Tax Reform took away many of the major benefits of owning real estate and made real estate “pay for itself.” Today, there is no “doubling declining depreciation”. We still have depreciation, but it is subject to income limits and other rules.

Depending on how someone fits in with the IRS rules, they could potentially get a tax break for a property’s depreciation.

Depreciation is a tax concept whereby you get a write off, but don’t have to spend the actual dollars to get it. For example, on a $100,000 purchase, an accountant may choose to declare 80% of the value as depreciable.

You can’t declare the whole value as depreciable because some of the value is attributed to land and land doesn’t “depreciate.”

Therefore, in this example, $80,000 would be depreciable.

Under the current IRS rules, you can take the $80,000 and divide it by 27.5 years for an annual depreciation deduction of about $2,900. In addition to depreciation, real estate taxes and other expenses of the property can offset rental income. The bottom line is that real estate, in the early years of ownership, will show a loss, which results in a tax deduction and tax savings. There are limits as to the amounts that can be deducted due to real estate losses. Depreciation can also be “recaptured” at time of sale, which means that there is a higher taxable gain. You need to consult a tax advisor to determine how all the IRS rules will affect you personally.

Cash flow In the early years of ownership, especially in Boulder, it is difficult to achieve immediate positive cash flow. In other words, when a property is first purchased, the rental income probably won’t CONTINUED - See Invest In Real Estate, Page 16.

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COVERPROFILE

Oakwood Homes launches new phase of Green Valley Ranch in Aurora

In addition to stellar location and amenities, the energy efficiency of the homes at Green Valley Ranch is something homeowners are sure to love. (Photo: Oakwood Homes).

By Emma Castleberry for At Home Colorado

O

akwood Homes has launched the next phase of the master planned community Green Valley Ranch in Aurora. Green Valley Ranch in Aurora is a community made for those who want it all. The neighborhood’s prime location just 20 minutes east of downtown Denver boasts close proximity to the airport; numerous shopping centers and restaurants; the newlyopened, luxurious Gaylord Hotel; and the coveted Aurora school district and metro area. The Aurora Highlands is one of the most popular and fastest-growing housing areas in the region and Green Valley Ranch Aurora is in the center of it all. “It’s all here,” says Kyleigh Shaw, marketing manager for Oakwood Homes.

“Everything you love about Green Valley Ranch is now in Aurora.”

One of the gems of this special community is the lush and impressive Green Valley Ranch Golf Club. The award-winning 10

AT HOME COLORADO

A roof top deck is a unique feature that is offered in Oakwood Homes’ Carriage House collection. (Photo: Oakwood Homes).

18-hole course hosts the CoBank Colorado Open each year. This club is also home to the First Tee of Green Valley Ranch, which provides golf programs for youth 5 to 18 years old.

Green Valley Ranch is offers to an impressive spread of shopping and dining options, including

the new Ebert’s Terrace at Green Valley Ranch Golf Course.

Frederick J. Ebert drafted the first map of the Colorado territory, which was issued in 1862. A surveyor, civil engineer and politician, he invested in the stock and dairy business, and one of his farms used to be located on the

land around Green Valley Ranch.

The new restaurant Ebert’s Terrace celebrates local Colorado farms with a creative menu that features native ingredients like Bjorns Colorado Honey, Aspen Ridge Beef and River Bear American Meats. While dishes like Deep Fried Ribs and Whipped Mozzarella Toast might draw eager diners to Ebert’s, it’s the environment that keeps them coming back: the terrace overlooks the golf course and provides expansive vistas of the Rocky Mountains.

All of these amenities are already constructed and open, ready for the residents of Green Valley Ranch Aurora. New residents also have planned amenities to look forward to.

These include new parks and trails, as well as a brand new school.

In addition to stellar location and amenities, the energy efficiency of the homes at Green Valley Ranch is something homeowners are sure to love.

With their Oakwood EnergySmart Guarantee, Oakwood Homes ensures that their homes are above industry standards when it comes to water efficiency, energy usage, and, as a result, cost savings for the homeowner. Oakwood also makes a unique effort to reduce waste during the home building process by pre-building walls, floors and trusses.

Oakwood Homes offers three collections at Green Valley Ranch Aurora, with options for first-time home buyers to forever-home buyers and everyone in between.

The three collections are Carriage House, Meridian and Horizon.

The Carriage House collection at Green Valley Ranch Aurora features two and three story homes, many situated on desirable, quiet cul-de-sacs.

Starting in the low $300s, homes in this collection feature an exclusive option for additional outdoor living and mountain views. “Our roof top decks are a unique feature that we offer in our DAILY CAMERA / TIMES-CALL

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Both ranch and two-story homes are available in the Meridian Collection and all homes boast state-of-the-art energy efficiency features. (Photo: Oakwood Homes).

Carriage House collection,” says Shaw. “These homes offer that extra ‘wow’ factor with some of the best Front Range views.”

The low-maintenance Carriage House models are available in seven floor plans with up to 2,210 total square feet. The smallest of the Carriage House Collection is the Chaise, a two-bedroom, 2.5 bath totaling about 1,200 square feet. The Volante is the largest floor plan in the Carriage House Collection, and it can feature up to four bedrooms and 3.5 baths at more than 2,200 square feet.

Each Carriage House floor plan includes a garage, a porch and/or

patio, and a fireplace in the great room.

The Meridian Collection at Green Valley Ranch Aurora offers classic, timeless designs for the traditional homeowner.

Both ranch and two-story homes are available in the Meridian Collection and all homes boast state-of-the-art energy efficiency features. Six floor plans are available in the Meridian Collection, starting with the Apex floor plan at just over 1,400 square feet. This ranch-style home can include as many as five bedrooms and four baths, with a variety of options

for personalizing the basement, laundry room and master bathroom. The largest of the Meridian Collection, the two-story Summit floor plan can include as many as seven bedrooms and five baths spread over more than 3,700 square feet. Homes in the Meridian Collection start in the mid $300s.

The Horizon Collection also features traditional home sites with ranch, two- and three-story floor plans. Each of the five floor plans available in the Horizon Collection features the option for a basement, and the largest of the plans spans more than 4,000

square feet with the option for up to nine bedrooms. The Horizon Collection starts in the high $300s.

“We have something for everyone,” says Shaw. “We offer ranch to three-story homes, low maintenance living and the traditional homesite. It just depends on what the buyer is looking for.” Green Valley Ranch Aurora is located east of E-470 and south of 56th Avenue. New models of all three collections will open in April. For information, visit oakwoodhomes.co/ communities/green-valley-ranch.

MAKE ONE OF THESE GREAT PROPERTIES YOURS! 138 Acres of Vacant Land!

Overlooks Pinewood Reservoir!

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4151 Wilderland Way, Loveland $925,000 • MLS# 877823

With 5 Approved Building Lots 138 Acres of Vacant Land bordering Devils Backbone Open Space! Only 15 minutes to Downtown Loveland but feels like a world away! Call for more details or to schedule a tour!

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Large 3/4 Acre Lot!

Carter Lake Live/Work Opportunity!

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79 Green Mountain Drive $465,000 • MLS# 900115

3 Beds • 2 Baths • Total Sq. Ft. 1992 Take a look at this quaint cabin sitting on

2800 Kyle Circle $625,000 • MLS# 898211

5 Beds • 4 Baths • Total Sq. Ft. 3943 Come see this home in desirable Bonnell

half an acre overlooking Pinewood Reservoir

West! Features main floor office, main floor

lcoated less than 30 minutes from all the

laundry, main floor master with walk in closet

conveniences that Downtown Loveland and

and 5 piece master bath, and backs up to

the surrounding area has to offer!

neighborhood open space!

North Shore RV Park and Store $1,200,000 • MLS# 871670

3 Beds • 4 Baths • Total Sq. Ft. 2820 Opportunity abounds at the North Shore RV Park & Store with multiple streams of income with potential for more! Schedule your showing now to see this Live/Work property in the Carter Lake area!

Co-listed with Rico Devlin 970-413-1182 • rico@lcrealestategroup.com

I AM YOUR MOUNTAIN PROPERTY SPECIALIST!

970-231-4172 • jfeeney@c3-re.com My marketing can get your property sold…Contact me now and receive a FREE market analysis!

www.RealEstateInNorthernColorado.com Information deemed reliable, but not guaranteed. © 2017 C3 Real Estate Solution, LLC.

January 31 - February 1, 2020

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ASK ANGIE'S LIST:

How can I improve the lighting in my home?

Bathroom Lighting in your bathroom isn’t just a matter of style – it’s also a matter of safety, to keep you and your guests from stumbling or slipping. Ambient, general lighting is important for illuminating the room, and task lighting near the sink, where grooming takes place, can help you look your best every day. Dimmable lights can be helpful for nighttime illumination.

Or, consider low-wattage lighting that’s automated to turn on with a motion sensor. Avoid harsh, hot lighting right above or next to the bathroom mirror – it can glare and create shadows.

Changing up the lighting home is a simple but effective way to make your home more attractive and more comfortable. (Photo: Dreamstime/TNS).

By Diana Crandall Angie’s List Lighting is an important, yet often overlooked, design element that can impact the look and feel of your home. Fortunately, it’s also one of the easiest to update!

Whether you’re looking to add ambiance and task lighting – or simply to swap out a few outdated fixtures – these ideas will help to inspire lighting upgrades in every room.

Living room Apart from the kitchen, there’s perhaps nowhere else in your home more highly trafficked than the living room, and none more versatile. It’s a place to

entertain loved ones, relax with popcorn and a movie or take a well-deserved nap. Each of these activities calls to mind a different type of lighting: Table lamps near seating areas can layer nicely with a hanging fixture or two, like a chandelier or pendant lighting. To highlight the natural architecture of a room, consider cove lighting or strategically placed recessed lighting.

Dining room A stunning chandelier or sophisticated pendant can make for an engaging focal point in your dining room. And additional lighting, such as recessed lighting and sconces, can add layering to fill out the room. Installing

dimmers will allow you to set the mood for any type of meal, from holiday gatherings to a romantic evening for two.

Kitchen Kitchens need bold, bright light that isn’t appropriate for other parts of the house. In addition to general overhead lighting, there are options for different types of lighting that can make cooking more fun and highlight certain features. Properly placed task lighting, such as under-cabinet lighting, for example, can help with meal prep and cleaning.

And purposeful accent lighting will focus attention to unique architecture, cabinets and artwork.

Bedroom The bedroom is a place for winding down and relaxing; it’s also the room where there’s ample space to be creative with lighting.

You’ll want to layer lights in ways that light up the entire room. Wall sconces are perfect for lifelong bookworms, while tape lights, which are similar to rope lights, can set a laid-back mood.

When it comes to lighting, a simple fixture swap can be a DIY job or one for a handyman. But if you’re installing or upgrading electrical components, it’s a good idea to call a licensed electrician for help. You can typically expect to pay between $150 and $810 to have lighting fixtures professionally installed, via the Angie’s List Pricing Guide.

Diana Crandall is a reporter for Angie’s List, a trusted provider of local consumer reviews and an online marketplace of services from top-rated providers.

Visit AngiesList.com.

Drive traffic to your open house Increase your exposure with AtHomeColorado’s Open House Quick Guide. The targeted buyer promotion includes a print listing, online interactive listing with driving directions, alerts and Facebook marketing.

To place your listing, visit:

openhomes.athomecolorado.com (scroll to the bottom for the order link).

12

AT HOME COLORADO

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THE PATRICK DOLAN TEAM OPEN SAT 1-3

OPEN SUN 11:30-2

2006 JOSLYN PL, BOULDER

4685 13 TH ST, BOULDER

3 BD � 2 BA � 1,791 SQ FT � OFFERED AT $579,000

1 BD � 1 BA � 627 SQ FT � OFFERED AT $140,762

Unique single-family home! Exterior maintenance included!

PERMANENT AFFORDABLE HOUSING IN HOLIDAY!

JUST SOLD!

JUST SOLD!

824 CYPRESS DR, BOULDER

1111 MONROE DR D, BOULDER

5 BD � 5 BA � 4,689 SQ FT � SOLD FOR $1,465,000

2 BD � 1 BA � 968 SQ FT � SOLD FOR $380,000

Beautifully remodeled on a .3 acre lot in Country Club Park!

Brand new windows, carpet and paint! Great location & views!

Thinking of buying or selling? Contact us today: 303.441.5642 • patrick-dolan.com PATRICK DOLAN January 31 - February 1, 2020

KELLY ATTERIDG

KAROLYN MERRILL

BRYCE DOLAN

ATHOMECOLORADO.COM

13

OPEN HOUSE lIST YoUr open hoUSe Boulder

QUICK GUIDE

VISIT openhomeS.aThomecolorado.com or call 303.473.1456, 303.684.5329 2342 pine St $989,000 Saturday 11:00 AM-1:00 PM Amanda Lovato Lovato Properties (303) 717-6069

2055 Kohler drive $1,395,000 Sunday 1:00 PM-4:00 PM Brigitte Furst 8Z Real Estate (720) 244-4411

695 11th Street $2,995,000 Saturday 11:00 AM-2:00 PM Josh Jackson LIV Sotheby’s International Realty (303) 993-9371

2342 pine St $989,000 Saturday 11:00 AM-1:00 PM, Sunday 1:00 PM-3:00 PM Amanda Lovato Lovato Properties (303) 717-6069

5240 2nd Street $1,850,000 Saturday 11:00 AM-1:00 PM Barb Silverman LIV Sotheby’s International Realty (303) 886-5329

Brighton

1167 ravenwood road $999,000 Saturday 11:00 AM-1:00 PM Brian Sundberg RE/MAX of Boulder (303) 931-5483

5240 2nd Street $1,850,000 Sunday 11:00 AM-1:00 PM Barb Silverman LIV Sotheby’s International Realty (303) 886-5329

1287 elder ave $999,999 Sunday 11:00 AM-2:00 PM Elliot Pappas WK Real Estate (970) 214-2667

5808 Knoll crest ct $1,900,000 Saturday 10:30 AM-12:30 PM Stewart Ward RE/MAX Alliance On Walnut (303) 704-7774

1287 elder ave $999,999 Saturday 12:00 PM-2:00 PM Tracy Zaik WK Real Estate (303) 859-7271

5230 2nd St $2,350,000 Saturday 12:00 AM-3:00 PM Julie Meko Compass (303) 931-6555

1521 9th St $1,050,000 Sunday 1:00 PM-3:00 PM Andy Sepac RE/MAX Alliance On Walnut (303) 875-2006

5230 2nd St $2,350,000 Sunday 12:00 AM-3:00 PM Julie Meko Compass (303) 931-6555

4090 old Westbury ct $909,000 Saturday 1:00 PM-3:00 PM Michelle Trudgeon Goodacre & Company Real Estate (720) 272-9547

2665 Stephens road $1,100,000 Saturday 1:00 PM-3:00 PM Digger Braymiller RE/MAX of Boulder (720) 234-6390

2420 10th Street $2,450,000 Saturday 1:00 PM-3:00 PM Marybeth Emerson Colorado Landmark (720) 394-1997

3862 campo court $909,000 Saturday 12:00 PM-3:00 PM Alan Quiller Compass Realty (303) 818-7417

973 poplar avenue $1,200,000 Saturday 1:00 PM-3:00 PM Kristin Kalush compass (303) 809-1717

2420 10th Street $2,450,000 Sunday 12:00 PM-2:00 PM Marybeth Emerson Colorado Landmark (720) 394-1997

3159 Stevens cir n $775,000 Saturday 11:00 AM-1:00 PM Margie DeBakker RE/MAX Alliance (303) 915-0864

385 pearl Street 7 $925,000 Sunday 1:00 PM-3:00 PM Digger Braymiller RE/MAX of Boulder (720) 234-6390

2304 pearl Street $1,300,000 Saturday 2:30 PM-4:30 PM Patrick Brown Compass - Boulder (303) 819-2374

715 Forest avenue $2,695,000 Saturday 1:00 PM-3:00 PM Kristin Kalush compass (303) 809-1717

3159 Stevens cir n $775,000 Sunday 11:00 AM-1:00 PM Margie DeBakker RE/MAX Alliance (303) 915-0864

530 mohawk dr 76 $465,000 Saturday 11:00 AM-2:00 PM Jitka Siguenza WK Real Estate (415) 314-8839 2006 Joslyn pl $579,000 Saturday 1:00 PM-3:00 PM Karolyn Merrill RE/MAX of Boulder (303) 817-2827 5032 coventry ct $680,000 Saturday 1:30 PM-3:30 PM Stewart Ward RE/MAX Alliance On Walnut (303) 704-7774 1545 norwood ave $795,000 Saturday 1:00 PM-3:00 PM Greta Tesalona RE/MAX Alliance On Walnut (303) 717-3826 5472 pueblo place $810,000 Saturday 11:00 AM-1:00 PM Louis Scirrotto RE/MAX of Boulder (720) 560-6701 1077 canyon Blvd. 207 $825,000 Saturday 1:30 PM-3:00 PM John Hickey RE/MAX of Boulder (303) 588-5295

14

AT HOME COLORADO

4524 mount princeton St $415,000 Saturday 1:00 PM-3:00 PM Judy Pitt WK Real Estate (303) 541-1937

Broomfield 16719 canby Way $740,000 Saturday 11:00 AM-1:00 PM Kim Hawksworth Thompson Daviau Realty (301) 437-5907

denver 5871 Beeler Street $470,000 - $490,000 Saturday 12:30 PM-2:30 PM Barry Remington WK Real Estate (720) 373-9297 2509 dahlia St $785,000 Saturday 1:00 PM-3:00 PM Sheri Brown RE/MAX Alliance (720) 323-6821

erie 920 eichhorn drive $504,900 Saturday 11:00 AM-2:00 PM Chris Ermold RE/MAX Alliance (720) 839-4354

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OPEN HOUSE lIST YoUr open hoUSe Firestone 10818 cimarron Street $325,000 Saturday 10:30 AM-12:30 PM Pat Kahler LoKation Real Estate (303) 589-5752 10818 cimarron Street $325,000 Sunday 10:30 AM-12:30 PM Pat Kahler LoKation Real Estate (303) 589-5752 11096 cherryvale Street $444,500 Saturday 12:00 PM-2:00 PM Amy Darcy LoKation Real Estate (303) 725-3756

Greeley 2338 76th ave ct $380,000 Saturday 12:00 PM-2:00 PM Lauren Massa C3 Real Estate Solutions (970) 290-2395

lafayette 928 cimarron drive (Sales center) Starting at $449,900 Saturday 11:00 AM-5:00 PM Tracy Carruth Markel Homes (720) 324-8350 928 cimarron drive (Sales center) Starting at $449,900 Sunday 11:00 AM-5:00 PM Tracy Carruth Markel Homes (720) 324-8350 675 amelia lane (Sales center) Starting at $434,900 Saturday 11:00 AM-5:00 PM Marlita Lazo Markel Homes (303) 651-9565 675 amelia lane (Sales center) Starting at $434,900 Sunday 11:00 AM-5:00 PM Marlita Lazo Markel Homes (303) 651-9565 January 31 - February 1, 2020

QUICK GUIDE

VISIT openhomeS.aThomecolorado.com or call 303.473.1456, 303.684.5329 2337 Sandpiper dr $730,000 Saturday 1:00 PM-3:00 PM Thomas Pringle RE/MAX Alliance (303) 921-2668

longmont

louisville

niwot

1344 Snowberry lane $734,900 Saturday 1:00 PM-4:00 PM Lisa Wade RE/MAX of Boulder (303) 489-6241

6860 peppertree dr $925,000 Saturday 1:00 PM-3:00 PM Deborah Read Fowler DRF Real Estate (720) 378-1217

422 atwood Street $320,000 Saturday 11:00 AM-2:00 PM Kate Kelley WK Real Estate (303) 775-9250

1362 Golden eagle Wy $951,000 Saturday 10:00 AM-1:00 PM Zachary Epps RE/MAX Alliance (303) 520-0070

5801 Grandville avenue (Sales center) Starting at $599,900 Saturday 11:00 AM-5:00 PM Roz Pinon Markel Homes (720) 583-2170

1362 Golden eagle Wy $951,000 Sunday 11:00 AM-1:00 PM Zachary Epps RE/MAX Alliance (303) 520-0070

5801 Grandville avenue (Sales center) Starting at $599,900 Sunday 11:00 AM-5:00 PM Roz Pinon Markel Homes (720) 583-2170 1017 neon Forest cir $799,000 Friday 3:00 PM-6:00 PM Suzy Williamson RE/MAX Alliance (720) 491-9885 1017 neon Forest cir $799,000 Saturday 11:00 AM-3:00 PM Suzy Williamson RE/MAX Alliance (720) 491-9885

loveland 106 n pamela St New Homes From The $600’s to $700’s Friday 9:00 AM-5:00 PM Bill Orton LC Home (303) 587-4085 106 n pamela St New Homes From The $600’s to $700’s Saturday 9:00 AM-5:00 PM Bill Orton LC Home (303) 587-4085 106 n pamela St New Homes From The $600’s to $700’s Sunday 9:00 AM-5:00 PM Bill Orton LC Home (303) 587-4085

1017 neon Forest cir $799,000 Sunday 12:00 PM-2:00 PM Suzy Williamson RE/MAX Alliance (720) 491-9885

106 n pamela St New Homes From The $600’s to $700’s Tuesday 9:00 AM-5:00 PM Bill Orton LC Home (303) 587-4085

1990 amethyst dr $809,900 Saturday 11:00 AM-1:00 PM Nicollette Scieszinski RE/MAX Alliance (608) 436-6880

7244 W cr 12 $1,589,000 Saturday 1:00 PM-3:00 PM John Simmons C3 Real Estate Solutions (970) 481-1250

6082 n. 79th Street $1,900,000 Saturday 12:00 PM-2:30 PM Evelyn O’Neill LIV Sotheby’s International Realty (970) 903-6119

7244 W cr 12 $1,589,000 Sunday 1:00 PM-3:00 PM John Simmons C3 Real Estate Solutions (970) 481-1250

7201 Spring creek circle $1,275,000 Saturday 1:00 PM-3:00 PM Neil Kearney Kearney Realty Co. (303) 818-4055 7205 Spring creek circle $1,290,000 Saturday 1:00 PM-3:00 PM Lydia Moy WK Real Estate (303) 731-9513 8955 little raven Trail $1,599,999 Saturday 1:00 PM-3:00 PM Deborah Read Fowler DRF Real Estate (720) 378-1217 6745 niwot hills dr $2,500,000 Saturday 1:00 PM-3:00 PM Deborah Read Fowler DRF Real Estate (720) 378-1217

Severance 39958 hilltop circle $910,000 Saturday 12:00 PM-2:00 PM John Simmons C3 Real Estate Solutions (970) 481-1250 39958 hilltop circle $910,000 Sunday 12:00 PM-2:00 PM John Simmons C3 Real Estate Solutions (970) 481-1250

Superior 2031 dailey lane $725,000 Saturday 12:00 PM-2:00 PM Donald Elm Private Party (720) 470-2267

ATHOMECOLORADO.COM

15

Invest in real estate (continued) WHY SHOULD I USE A REALTOR ? ®

It pays to use a REALTOR® Homes sold with a Realtor sell for an average of 11% more than the average For Sale By Owner home.

For more real estate tips visit AtHomeColorado.com.

cover the mortgage payment and all the expenses. If the cash flow is about break-even on a month-to-month basis, after taxes and appreciation factors are considered, the overall cash flow is positive. After owning the property for several years, rents should go up while the mortgage payment on a fixed rate mortgage stays the same (except for increases in taxes and insurance), and the monthly cash flow increases.

Liquidity-conversion to cash Real estate is not a “liquid” investment compared to many other investments available.

If someone needed to sell a property to generate cash, market conditions will dictate how marketable a particular property will be. Generally speaking, individual housing units, whether single family or condo, have been readily saleable in our marketplace. However, one does not need to sell a property in order to generate cash. If you have owned the property for a while and its equity has increased, you can refinance your loan to pull cash out. With refinancing,

you don’t have to pay any selling expenses or pay any tax on the cash pulled out. The money can be used for daily expenses, other investments, or for the down payment on another rental property.

Single family home for appreciation In Boulder, rents compared with value don’t create much cash flow.

So why do people still buy them as investments? They hope that the appreciation rate will cause the value of their house to increase so much that the monthly cash flow may not be important to a particular investor. In Boulder, that has proven to be the case over time.

Multi-units for cash flow Typically, a single-family residence will have a higher gross rent multiplier. The gross rent multiplier is simply the annual gross rent compared to the purchase price. The lower the gross rent multiplier, the greater the return for the dollar invested.

The greater the number of units in a building, the lower the gross rent multiplier typically is. When

trading a single-family for multiunits you usually won’t see much change when moving up to a fourunit. The best increase in cash flow comes when making the jump to 20-plus units in one location.

Real estate has proven to be one of the best wealth building investment opportunities. Most people just don’t make the first step to get started. Consult with your Realtor, tax advisor, mort gage lender, and attorney to work out a plan that’s right for you.

Duane Duggan has been a Realtor for RE/MAX of Boulder in Colorado since 1982 and has facilitated over 2,500 transactions over his career, the vast majority from repeat and referred clients.

He has been awarded two of the highest honors bestowed by RE/MAX International: The Lifetime Achievement Award and the Circle of Legends Award.

Living the life of a Realtor and being immersed in real estate led to the inception of his book, Realtor for Life. For questions, e-mail DuaneDuggan@boulderco.com, call 303.441.5611 or visit boulderco.com.

OPEN HOUSES openhomes.athomecolorado.com Open Saturday 12pM-2pM 11096 Cherryvale Street, FireStOne $444,500

Open Sat & Sun 10:30aM-12:30pM 10818 CiMarrOn Street #305 FireStOne - $325,000

Pat Kahler Berry Darcy Kahler Team (303) 589-5752 patriciakahler@gmail.com www.PatKahler.com

Sunny & bright upper level condo w/attached 2 car garage. 2 Bdrm, 2 bath, lovely dining space & separate laundry room. Gorgeous makeover w/ remodeled kitchen & baths. New granite, marble, custom tile, fixtures, carpet & laminate flooring.

Cozy gas fireplace has fun tile & wood detail!

A delightful place to call home! hosted Saturday by pat Kahler (303) 589-5752

hosted Sunday By John nichols (303) 386-2128

Open Saturday 11AM-1PM

Amy Darcy, Realtor Berry Darcy Kahler Team 303-725-3756 amycdarcy@gmail.com www.PatKahler.com

Attractive home in pristine condition! New laminate & carpet on main level. Open kitchen w/island, pantry, all appliances.

Living room w/gas FP. Private master suite w/5-Pc bath, W/I closet. Main floor 2nd bdrm/office and bath. Huge finished bsmt w/rec room, 2 bdrms, family room, full bath & storage.

Extended covered rear patio, fenced yard w/xeriscaping & view of open space. 3-car tandem garage. Solar panels included. Near Imagine Charter School, park, shopping, commute. Quick closing possible!

512 Olympia Ave., Longmont - $439,900

Former Model Home with designer built-ins, bay windows, cathedral ceilings, gas log fireplace. Kitchen has been remodeled with granite counter tops and new back splash. 5 Piece master bath. New ceiling fan in living, new light fixture in entry way, new light fixture in eat-in area. Tile counter tops in master and powder room. Brand new carpet throughout November 2019. Large lot with a nice patio. New Senior Community going in behind property.

Brand new roof as of 1-2020. Quick possession possible.

MLS# 878568

Johnnie David

303-588-2714

lIst YoUr open hoUse 16

AT HOME COLORADO

VIsIt openhomes.athomecolorado.com or call 303.473.1456, 303.684.5329 DAILY CAMERA / TIMES-CALL

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STYLE AT HOME

Choose Valentine's Day decor with love

By Katie Laughridge Tribune News Service Valentine’s Day is approaching and as a lover of seasonal decor I am thrilled that the shop has pops of my favorite red and white goodies. They remind me of all the fun I had during our classroom Valentine’s Day parties as a kid, like decorating valentine boxes and handing out cute cards to my fellow classmates (or maybe it was all the sweets I got to take home after). It can be easy to veer into cheesy decor territory with something as whimsical and lighthearted as Valentine’s Day, but with the proper approach I find it to be a fun and festive time of year that is perfect to cheer up your home after the bulk of winter holiday decorations have been put away.

If I could only choose one thing to have out during this holiday, it would be a vase full of tulips.

I adore having stems out around the house to add a pop of color and freshness, especially when the weather is dreary. The vibrant reds and soft blush hues instantly

Add a table element that can act as a gift for dinner attendees so they can bring a little bit of decor back to their own homes. (Photo: Handout/TNS).

warm up any space and put a smile on everyone’s face. They are the perfect thing to replace any remaining greenery and pinecones lingering on mantels and tabletops. I thought they looked especially sweet in our checkered red-and-white container. A tin caught my eye during Christmas,

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and I think I will transition it into our summer red, white and blue as well.

In fact, a lot of the textiles we use during Valentine’s are ones we tend to transition into other times of year. A red plaid tablecloth is a timeless addition that can go from romantic dinner for two to

a summer picnic and back to a jolly Christmas. Just highlighting a few delicate heart accessories can bring some festive flair, perfect for February fun.

I was especially excited by the stone heart containers we used for a tabletop. Finally, a way to make a box of chocolates last past the last bite! I love adding a table element that can act as a gift for my dinner attendees so they can bring a little bit of decor back to their own homes. Wouldn’t this be a perfect takeaway for friends during a Galentine’s dinner?

At the end of the day (or season) there is no “right” way to decorate for a small holiday.

Whether you like a display that shouts your love of festivities or one that subtly blends with your year-round decor, all that matters is that you have fun and get your creativity flowing.

Adapted from nellhills.com.

Katie Laughridge is the owner of Kansas City interior design destination Nell Hill’s. For more information, contact Katie at info@nellhills.com.

Steve Altermatt Boulder’s #1Realtor

Steve sells more homes in Boulder than any other Realtor or real estate team!

UNDER CONTRACT

4682 Ingram Court Well maintained & nicely updated 4BD, 2 BA, 2,001 four-level home on a 1/3 acre lot. Enjoy the large kitchen with SS appliances, a gas range. Hardwood floors on the main & upper levels with in-floor radiant heat.

LOCAL NEWSPAPER

$775,000

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937 Roxwood Ln, Unit A One level living! Well maintained 1,719 sqft, 3 BD, 2 BA, townhome including a Master suite, close to schools, restaurants, parks, trails, golf course, and the East Boulder Rec-center!

$579,000

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1717 Spruce Street #1 Well kept and adorable 995 sqft, 2 BD, 1 BA, 2-story condo in the heart of downtown Boulder. Private front yard and patio, mature shade trees, new w/d installed in unit, one reserved parking space off alley.

$525,000

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HOME

Starting a home remodeling project 7 tips for choosing a qualified contractor (Family Features) – Outside of the home itself, remodeling is typically one of the largest investments you can make as a homeowner. While some projects can be tempting to tackle yourself, many larger-scale projects may require hiring a qualified professional.

Because remodeling your home is a big undertaking, it’s important to take steps to ensure the professional you hire to perform the work is qualified to complete it to the highest standards of quality and integrity.

Consider these tips from the experts at the National Association of the Remodeling Industry to help you make an informed decision when hiring a remodeling contractor.

Get recommendations One of the best ways to find qualified, professional help is through word-of-mouth referrals. Ask your relatives, friends, neighbors or co-workers

– particularly if they’ve recently renovated their own homes – if they have any previous experience with companies they would recommend. Also consider searching online for reviews of companies in your area.

Stay local It’s often best to consider established local remodeling companies first, as they are typically more compelled to perform high-quality work, which allows their businesses to thrive and remain in the community.

Local professionals are also likely to know permit requirements and building codes in your city or county, which can change from year to year.

Follow your design aesthetic Whether your home features a mid-century modern, contemporary or farmhouse design style, it’s critical to choose a remodeler who is knowledgeable in the construction and design of the style of your home.

Additionally, a company that

specializes in remodeling kitchens may not be suited for a bathroom or bedroom project.

Ask for licenses and insurance Many states, but not all, require contractors to be licensed, bonded and insured. Ask for copies of licenses and insurance certificates for any remodelers you’re considering to make sure they’re current. Most states also require contractors to carry worker’s compensation, property damage and personal liability insurance for their crews. Contact your state or local licensing agencies to ensure the contractor meets the minimum requirements.

Check references Once you’ve narrowed your list of potential contractors, ask for a list of references you can contact and a portfolio of work. A typical reference list includes 10 or more jobs with dates as well as the customer’s name, address and phone number, and a portfolio should also contain at least 10 projects with photos of the space

before work began, during the project and after completion. If possible, also consider visiting a current job site to see first-hand how the contractor operates.

Search for violations or complaints Because you can’t always rely on a portfolio or references, it’s important to also check with your local consumer affairs office or the Better Business Bureau to ensure there are no complaints on record for the contractors you’re considering, which may help further narrow your list.

Compare apples to apples While a number of different factors goes into every remodeling project, be sure all contractors you solicit bids from are using the same scope and quality of work requirements. Discuss any significant variations in price or timelines and be wary of any substantially lower estimates.

Find more tips for selecting a contractor at remodelingdoneright.com.

Open Saturday and Sunday 11aM - 1pM 634 Wagon Bend Rd, Berthoud $468,000 Open space behind & on the side of this amazing 2-story home with Mountain Views! Located near shopping and easy access to US-287! Open kitchen w/island & granite countertops; wood flooring on main. Cuddle up to the stone fireplace or host football games! Covered patio and Plenty of space in backyard for BBQ’s to entertain!

Fully enclosed fenced backyard waiting for pets!

Basement has rough in for bathroom and is waiting for your creativity! Three Car Tandem Garage for your toys!

Community park and trails waiting for you!

Sharon Cook 970-679-9900 scook@nocorealty.com

Stef Erion Broker Associate 970-415-7598 stef@steferion.com

Professional Home Inspections For Home Buyers and Sellers www.flatironshi.com

720-280-3544 rick@flatironshi.com

“Peace Of Mind Every Time”

FEATURED AGENT Elliott Apartments are located in a historic residential neighborhood in Longmont, Colorado. Just two blocks from beautiful main street Longmont, Elliott Apartments has easy access to shopping, restaurants, and entertainment.

Offering 1, 2, and 3 bedroom apartments.

418 Emery St. Longmont • (303) 772-6452 18

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Realtor® at RE/MAX Lokation Alliance Real Estate 303.589.5752 patriciakahler@gmail.com patkahler@remax.net Read Pat’s At Home profile at: www.athomecolorado.com/pat-kahler DAILY CAMERA / TIMES-CALL

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303.466.3636 BoUlder/Broomfield/longmont or 970.635.3650 loveland or frontrangeclassifieds.com Lost Water Mineral SAN JUAN DEL CENTRO APARTMENTS Something?

Want to purchase 2, 3 & 4 Bedroom Apts Found minerals and other Available Now - Apply Today oil/gas interests.

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Real Estate

**INCOME RESTRICTIONS APPLY** Applications by Request. Call, Write or Stop by

Send details to: P.O. Box 13557, Denver, CO 80201

FAIR HOUSING NOTICE All real estate advertising in this newspaper is subject to the Federal Fair Housing Law which makes it illegal to advertise a preference limitation or discrimination based on race, color, religion , sex, handicap, familial status, or national origin, or an intention to make any such preferences, limitation or discrimination.

This newspaper will not knowingly accept any advertising for real estate which is in violation of the law. Our readers are hereby informed that all dwellings advertised in this newspaper are available on an equal opportunity basis. To complain of discrimination, call The Colorado Civil Rights Office at 1-800-262-4845/ HUD at 1-800-669-9777.

Rentals

Furnished 1BR Condo Cottonwood Park in Niwot: Ground Level, Remodeled, Fireplace, A/C & Storage. No Pets.

No Smoking. Lease Required. $1100/month, all utilities included.

303-817-2596

Foothills Apartments in Loveland: 2BR 1BA-$1050/month, water, sewer & trash included, Washer & Dryer in Unit.

No Pets. 1 Year Lease.

970-669-7850

Foothills Apartments in Loveland: 2BR 1BA-$1050/month, water, sewer & trash included, Washer & Dryer in Unit.

1BR in Quiet Building NEAR CU: $760/month, No Pets. No Smoking.

303-494-4568. RENTED

Equal Housing Opportunity

Move-in asap at Hunter Creek of Boulder, own bed / bath in 2bed/2bath well furnished w/ many amenities.

Owner's son & dog also in condo. text / email for more info.

On CL too. terri.mullan@gmail.co m (917) 299-7984

No Pets. 1 Year Lease.

970-669-7850

PLACE YOUR AD Apts $845 Duplex $1,145 Condos $1,045 Houses $1,595 Call PMP Realty 303-776-RENT (7368) www.pmprealty .com

3100 34th St , Boulder, CO 80301 303-442-0230 Hours of Operation: Monday-Friday 9am-6pm

Call 303-466-3636 or 970-635-3650.

Nice Country Living 2BR 7910 W 120th, Broomfield $1800/mo + $1000 dep.

N/P/S. 303-423-8814

PLACE YOUR AD Call 303-466-3636 or 970-635-3650.

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EZ Credit fix if needed Call/text for details Ron 303-428-9377 www.StopRent.com

Spacious & Bright w/ Private Entrance, 1BR, Full Bath, W/D in unit. $1200/mo, utils incl + deposit. 303-856-4635.

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now for a free LOST & FOUND ad.

Call Room for Rent in Sober Living Home in South Longmont. $600/month to month. No Pets. No Smoking. 720-218-5587 Rooms in Longmont: Near Open Space, Shopping & Bus, W/D & Off Street Parking. Non Smokers Only. $440$600/mo + dep & 1/4 utils, Direct TV & Wifi.

For more info, Call Jeff at 720-495-5053

303-466-3636 970-635-3650 719-275-5300 888-355-0935

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EMPTY YOUR GARAGE Have a Garage Sale this week.

Call 303-466-3636, 970-635-3650, 719-275-5300 or 888-355-0935

JOBS. WHEELS. HOMES. STUFF.

FIND IT. SELL IT. FAST. January 31 - February 1, 2020

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RECENTLY LISTED HOMES

ERIE | 907 QUINTANA LANE

BOULDER | 845 14TH STREET

BOULDER | 7086 INDIAN PEAKS

BOULDER | 2128 PEARL STREET B

4 BR * 5 BA * 5284 TSF (900976) * $669,000

5 BR * 3 BA * 3204 TSF (902302) * $1,400,000

4 BR * 6 BA * 5667 TSF (902305) * $1,998,000

3 BR * 4 BA * 1665 TSF (902307) * $1,590,000

UNDER CONTRACT

OPEN SATURDAY 1:30 - 3 PM

UNDER CONTRACT

BROOMFIELD | 16026 SWAN MTN.

BOULDER | 2425 FOREST AVENUE

BOULDER | 1077 CANYON 207

BOULDER | 6757 WHALEY DRIVE

4 BR * 5 BA * 4790 TSF (902346) * $725,000

4 BR * 3 BA * 2804 TSF (902413) * $1,125,000

1 BR * 1 BA * 1010 TSF (902429) * $825,000

4 BR * 4 BA * 3785 TSF (902534) * $1,449,000

COMMERCE CITY | 12813 E. 108TH

SUPERIOR | 2169 EAGLE 12-2169

BOULDER | 6120 HABITAT DR. 15-3

BOULDER | 1655 WALNUT ST. 103

3 BR * 3 BA * 2856 TSF (902540) * $429,000

2 BR * 2 BA * 1224 TSF (902564) * $349,900

2 BR * 2 BA * 906 TSF (902580) * $337,900

2 BR * 2 BA * 2190 TSF (902595) * $1,545,000

UNDER CONTRACT

OPEN SUNDAY 1 - 3 PM

BOULDER | 1355 SCRUB OAK CIR.

BOULDER | 3133 BELL DRIVE

BOULDER | 385 PEARL STREET 7

BROOMFIELD | 15100 LANTANA

4 BR * 2 BA * 2052 TSF (902603) * $890,000

3 BR * 3 BA * 1436 TSF (902618) * $509,000

3 BR * 2 BA * 1612 TSF (902639) * $925,000

6 BR * 5 BA * 4857 TSF (902714) * $998,000

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2425 Canyon #110 | 1320 Pearl 20

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