SEPTEMBER 2-3, 2022 ATHOMECOLORADO COM | ATHOME 1 Open Homes and Virtual Tour Quick Guide Looking for a home? View comprehensive listings of local virtual tours and open houses taking place from all across the area Tenant in Common (TIC) Real Estate Investments If you want to invest in real estate at any stage in life and not be encumbered with any of the day to day issues of being a landlord, a TIC investment could be worth checking into. How Can Home Electrical Upgrades Improve My Life? Home electrical upgrades can seriously boost your comfort and enjoyment of your home Here are four simple paths to better living through electricity MARKETING FEATURE REAL ESTATE Real Estate News, Open Home Listings, Homes for Sale, Rentals and More!
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A Marketing Feature of Submit your news, briefcase or events to gstone@prairiemountainmedia.com.Toadvertise,call303.588.8433.
At Home Colorado is a Marketing Feature that is produced weekly by the Boulder Daily Camera and Longmont Times-Call.
CALENDAR “Tipi to Tiny House: Hands-On Homebuilding” exhibit Now through Jan. 8, 2022. www.longmontmuseum.org Boulder Home Professionals Leads Group Sept. 5, Noon to 1 business.boulderchamber.com/p.mevents
Colorado Native Plant Society 2022 Annual Conference Sept. 17-18, 9 a.m. to 5 2022-annual-conference2/#!event/2022/9/16/conps-events/event-calendar-https://conps.org/home-2/p.m.
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DIRECTOR Mary Romano Greg Stone
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Westminster Tree Limb Recycling Sept. 10, 8 a.m. – 10001 Alkire St. Free (Westminster residents only)
CONSULTANTSADVERTISING Thais Hafer Toni McNeill
2 ATHOME | ATHOMECOLORADO COM SEPTEMBER 2-3, 2022 CONTRIBUTING WRITERS
ATHOMECOLORADO.COM
& REAL ESTATE
LONGMONT – WK Real Estate has announced the addition of Broker Associate, Joshua Legare to its Longmont office. Born and raised on the Florida gulf, Joshua is a traveler always looking for his next adventure As the friendly neighbor to lend a hand, dog dad of two rescues, leader in his church, and loving husband to a patient wife, he loves to be of service. Thanks to his extensive experience in sales and marketing, and his years spent in rehabilitative massage, he is skilled in guiding others through stressful situations while applying a personal touch customized to your real estate needs. Being in the community with a broad network of lifestyle and professional resources, Joshua is your personal and comprehensive guide to and through your life’s next adventure. Joshua Legare can be reached at 720.325.7394 or email at jlegare@wkre.com.
Pruning For Strength, Health, and Beauty with Mikl Brawner Sept. 11, 1 to 2:30 product/sun-sep-11-pruning-fwww.harlequinsgardens.comp.m/ormikl-brawnerstrength-health-and-beauty-with-
WK Real Estate welcomes Joshua Legare
BOULDER – Jeannette Ross moved to Colorado with her son, Benjamin, in 2004 from Missoula, Montana after falling in love with our beautiful state and the Front Range She has over 20 years of real estate experience and is known for her true dedication to the people she works with and the deep relationships she has developed as a Jeanetteresult.knows and respects the importance of home and community and how buying and selling real estate affects the personal and financial aspects of her clients’ lives. Her expertise, tenacity, patience and optimism are vital to her clients achieving their real estate goals. Jeanette specializes in new home construction as well as residential, ranch and land sales. For her enthusiastic hard work and stellar productivity in new home sales in Colorado, Jeanette was awarded the prestigious Home Builders Association of Metro Denver MAME Award in 2021, which recognizes those who have aspired to top achievements in the industry In addition, what makes Jeannette an exceptional Realtor is her background as an experienced entrepreneur, having established, owned, and operated her own home furnishings and accessory store. Being a business owner nurtured her incredible work ethic, extensive knowledge about marketing and finance, extraordinary customer service, and resourcefulness. Her store also reflected her enduring passion for interior design and decorating. Her eye for design enables her to recognize the important features and potential of spaces – and consult with clients about how they can stage or improve their properties to maximize the sale price.She received her Bachelor of Science in Nursing from Oregon Health and Science University and has dedicated her entire professional career to caring about and helping others with empathy as their devoted advocate.Whennot helping her clients transition to new homes, Jeannette enjoys spending her time with family, reading, hiking, exploring our state, volunteering for a horse rescue, browsing farmer’s markets and gardening. To contact Jeanette, call 406.546.8804 or JeannetteR@boulderco.comemail
RE/MAX of Boulder welcomes Jeanette Ross
Applications Open for the Colorado Master Gardener Program and Green School
By Kristen Anderson Colorado State University Extension, Boulder County Everything has its time in the garden, and that’s true in the CSU Extension office as well. From answering questions from the public at local garden centers or teaching classes to residents and community gardeners, the Master Gardener program has lots of volunteer opportunities toSept.offer!1 is the day applications for the Colorado Master Gardener (CMG) program and registration for the Colorado Gardening Certificate (CGC) program are live statewide on the Colorado Master Gardener website programapplicantsapplicationsbeginning!Oct.colostate.edu.https://cmg.extension.Theapplicationseasonends14,buttheprocessisjustCountiesacceptingareabletomatchwiththeirparticularneeds.TheymaythenextendtheinvitationforaninterviewtojointheprogramAftertheinterviewprocess,invitationstojointheapprenticeclassforthefollowingseasonareextendedbymail,emailorperhapssingingtelegramThetrainingcoursebeginsinJanuaryandendsinAprileachyear.Everycounty’sMasterGardenervolunteerprogramhastheirownpersonalflavor,butalltheregistrationand
HOME&GARDEN
From answering questions from the public at local garden centers or teaching classes to residents and community gardeners, the Master Gardener program has lots of volunteer opportunities to offer (Photo: Shutterstock)
SEPTEMBER 2-3, 2022 ATHOMECOLORADO COM | ATHOME 3
FEATURED AGENT KAREN BERNARDI The Bernardi Real Estate Group 303-402 6000 karen@bernardigroup.com Read Karen’s At Home profile at: www athomecolorado com/karen bernardi ExperienceIsn’tExpensive, It’sPriceless! Over 32 Years Serving Boulder, Larimer and Weld Counties. Call Diane Today! w w w . d i a n e s t o w . c o m 512 4TH AVE, STE 101 LONGMONT 80501 (303) 651-3939 Each office independently owned and operated.diane@dianestow.com Diane Stow ABR CRS GRI SRES CNE 303 775 3338 Call Diane Today! An Agent you can trust with Over 3,000 Homes Sold!
online coursework is consistent statewide. The same can be said for the Certified Colorado Gardener training. Not every county offers a CMG volunteer program or accepts Apprentices every year, but if your county is listed on the CMG website as accepting applicants - you’re in luck!What’s the difference between a Certified Colorado Gardener and a Colorado Master Gardener? Volunteering. CMG Apprentices successfully completing the training course are launched into their first year during which they are required to complete volunteer service hours with the program. After the apprentice year, Master Gardeners are offered a wide array of continuing education topics and varied volunteer opportunities around gardening in Colorado. Again, each county has different needs, but helping their community answer home horticulture questions is central to the Extension Master Gardener Program nationwide. The job of a Master Gardener is to support Extension’s horticulture staff in reaching the public (our staff is excellent but there are only so many places they can be at once). What is Green School? Extension staff and course instructors are knowledgeable professionals in the field and truly care about helping their students absorb the course content throughout the 15 week session. Coursework covers Botany, Soils, Integrated Pest Management, Weeds, Entomology, Plant Pathology and more. Some counties hold supplemental local labs or classes in the particularly dense topic areas. Weekly quizzes and live review sessions are an important part of the coursework, and participation is highly encouraged. At the end of the training session all students take a final exam. For CMG volunteers, though, the learning is just beginning. Every volunteer shift brings with it the opportunity to learn more about home horticulture, research the answers to questions previously unconsidered and discover a new horticultural area of interest. For those who opt for training only (Colorado Gardening Certificate) and do not apply for the volunteer program, successful students passing the final exam will receive a certificate once Green School has been completed. We hope they frame it and display it proudly on their office or garden shed wall. In addition, many employers in the Green Industry support their staff attending and completing the online, selfpaced course to strengthen their horticultural know-how. Whether your interest is in learning for the sake of learning, furthering a career in the Green Industry or a passion for solving plant problems while sharing the love of gardening with your neighbors, now is the time to get started. Visit applicationsnowcmg.extension.colostate.eduhttps://throughOct.14thforanddetails.
be just the ticket to feeling less strained.
The advantage is that owners can pool their equity to afford a more expensive property.
For a real estate investor nearing
As a type of ownership on a small scale, TIC can be used by couples, family members, or unrelated friends to own a home, and proceeds from the sale of the home are divided between them based on ownership percentage When applied as an investment on a large scale, TIC has a maximum number of 35 partners. In most cases, it would include you and 34 others.
Advantages of a TIC
• TICS are usually put together by experienced professionals with substantial resources; however, they are not without risk.
A TIC is an ownership arrangement in which multiple investors co own an undivided property and each investor has a percentage ownership.
• There is no personal management by the investor.
• Investors can reinvest into another TIC project after the first TIC project sells.
• Capital gains taxes might be deferred in an IRS Section 1031 Exchange if the TIC is the right fit relative to debt and value.
What is a TIC?
It is a syndicated investment that allows partners to own larger scale, high quality residential or commercial properties with professional property management, accounting, and asset management.Adeedisheld by the TIC owner so it still meets the requirements of an IRS Section 1031 tax deferred exchange for property held for investment Tax, legal, and financial planning professionals should be consulted for advice to review the exact numbers relative to matching old debt and value with the new characteristics of theETICventhough it is still considered real estate, you won’t find licensed real estate agents selling TICs A TIC investment is treated like a security so real estate agents are not licensed to sell shares in a TIC property. Opportunities for TICs are usually found through licensed securities dealers or appropriately licensed financial planners.Usually only accredited investors are allowed to invest in TICs. Again, it is necessary to work with the appropriately licensed professionals to determine exact qualifications In general, an accredited investor must meet the qualifications of earned income in the prior two years of $200,000 for a single person or $300,000 for a married couple, OR a net worth of over $1 million either as a single person or with a spouse (not counting the value of a person’s primary residence).
Disadvantages of a TIC
• It is not a liquid investment
• The individual investor has no control over the property or associated risk factors.
DUANE DUGGAN
Likewise, if you want to invest in real estate at any stage in life and not be encumbered with any of the day to day issues of being a landlord, a TIC investment could be worth checking into.
TIC properties can be residential or commercial real estate including apartment complexes, shopping centers, office buildings, corporate headquarters, etc. Basically, any kind of real estate is permitted.
• It typically provides stable monthly income with a reasonable rate of return on the investment • The investor gets the benefit of any appreciation when the TIC property sells
4 ATHOME | ATHOMECOLORADO COM SEPTEMBER 2-3, 2022
The investor will not control the decision as to when the TIC property will be sold or exchanged with another.
otretirement,hethoughtfcontinuingtomanagepropertycanseemburdensome.ATenantInCommon(TIC)investmentcould
REALESTATE Tenant in Common (TIC) real estate investments
• Investors considering investing in a TIC typically need to be prepared for a long term investment and one that it is usually more difficult to liquidate quickly. Before investing in a TIC, it is important to research management performance and track records of those offering TIC investments Appropriate tax, legal, and financial consultations should always be obtained Duane has been a Realtor for RE/MAX of Boulder since 1982. 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.
A Tenant in Common (TIC) investment is an ownership arrangement in which multiple investors co own an undivided property and each investor has a percentage ownership (Photo: Unsplash)
SEPTEMBER 2-3, 2022 ATHOMECOLORADO COM | ATHOME 5 Each office independently owned and operated Lafayette 303.497.0588 109 N Public Rd Lafayette, CO 80026 Louisville 303.666.6500 225 W South Boulder Rd Louisville, CO 80027 Downtown Boulder 303.442.3180 1911 11th St #200 Boulder, CO 80302 Downtown Longmont 303.651.3939 512 4th Ave #101 Longmont, CO 80501 Nederland 303.258.7070 286 N Bridge St Nederland, CO 80466 WANT MORE INFORMATION? Check out these homes and many more at: tinyurl.com/BoCoFeatured OpenFriday3-5 AMAZINGEQUESTRIANESTATE 4302 Nelson Rd LONGMONT $3,875,000, 4 Beds, 3 Baths, 3041 SqFt Kevin Murray 303 818 9249 MODERNHOME,BREATHTAKINGVIEWS 237 Big Springs Pt NEDERLAND $2,900,000, 4 Beds, 4 Baths, 3536 SqFt LUXURY&LOCATIONALLINONE 1989 Beacon Ct BOULDER $1,999,000, 3 Beds, 4 Baths, 2149 SqFt NATURELOVER'SDREAM 0 Eagle Wy BLACK HAWK $1,800,000, 40 26 Acres OASISINPARK LIKESETTING 1882 Singing Waters Ct BERTHOUD $1,100,000, 3 Beds, 4 Baths, 2427 SqFt UPPERTABLEMESALOCATION 2750 Emerson Ave BOULDER $1,050,000, 3 Beds, 3 Baths, 1842 SqFt PRIVATEMOUNTAINRETREAT 667 County Road 68 NEDERLAND $995,000, 3 Beds, 3 Baths, 3076 SqFt IMMACULATEINMATURENEIGHBORHOOD 2519 Eagleview Cir LONGMONT $900,000, 5 Beds, 5 Baths, 3734 SqFt OpenSat11:30-1:30 BRANDNEWREMODELINSIDE&OUT 2740 Meadow Mountain Trl LAFAYETTE $899 000 4 Beds 3 Baths 2342 SqFt Cheryl Shatz 303 570 0949 OpenSat1-3 REMODELEDONOPENSPACE 324 Peerless St LOUISVILLE $799 000 4 Beds 2 Baths 2080 SqFt Tom Precourt 303 921 9080 SPACIOUSMTNHOMEON13ACRES 98 Button Rock Rd LYONS $739,000, 5 Beds, 2 Baths, 2462 SqFt OpenSun1-3 INDIANPEAKHOMEREDUCED 382 Fern Lake Ct LAFAYETTE $699 000 3 Beds 3 Baths 2424 SqFt Jamie Zimmerman 303 807 1302 SPACIOUSFLOORPLAN 645 Pitkin Wy CASTLE ROCK $615,000, 4 Beds, 3 Baths, 4037 SPACIOUS&MOVE INREADY 10515 Sunburst Ave FIRESTONE $585,000, 6 Beds, 4 Baths, 3450 SqFt BEAUTIFULHOMEONSPACIOUSLOT 1612 Whedbee St FORT COLLINS $575,000, 3 Beds, 2 Baths, 2027 SqFt LIGHT&BRIGHTBI LEVEL 1005 Malory St LAFAYETTE $575,000, 3 Beds, 2 Baths, 1440 SqFt SPACIOUSLOCK&LEAVE 500 Yuma Ct FORT COLLINS $535,000, 3 Beds, 3 Baths, 2824 SqFt HISTORICCHARMERINWHIGHLANDS 3725 Federal Blvd DENVER $520,000, 3 Beds, 1 Bath, 1530 SqFt TOWNHOMEINQUIETNEIGHBORHOOD 1084 Artemis Ln LAFAYETTE $449,000, 2 Beds, 2 Baths, 1515 SqFt OpenSat1-3 DON TMISSTHISOPPORTUNITY 2201 Calais Dr 6 B LONGMONT $425 000 3 Beds 2 Bath 1546 SqFt Tom Pringle 303 921 2668
Denver housing market pendulum swinging quickly toward buyers
By Aldo Svaldi
/ Saturday,
Boulder JCC,
Ave., Boulder (cornerofArapahoeandCherryvale) EXPO THROUGH THE GENERATIONS Broomfield Enterprise Daily Camera | Times Call
PRESENTED BY:
6 ATHOME | ATHOMECOLORADO COM SEPTEMBER 2-3, 2022 REGION
Nearly all of the 100 largest housing markets moved more in favor of buyers in July, with the biggest shifts coming in Boise, Idaho; Phoenix; Colorado Springs, and Austin, Texas, which has seen a 71% jump in home prices during the pandemic, according to Knock’s inaugural “Buyer-Seller Index.” Three overheated and expensive California markets have now fully entered the buyer’s camp — San Diego, San Francisco and San Jose. By July 2023, about 15 of the 100 largest housing markets are projected to favor buyers. Of the top 10 metros most in favor of buyers come next summer, Colorado Springs is expected to rank third and Denver eighth, according to the index.
To the Aging at Altitude Expo program, call 303 473 1420 or email jill@dailycamera com a.m. to p.m. Oct. 22 6007 Oreg
The Denver Post (TNS) Metro Denver’s housing market has quickly shifted from a strong seller’s market to neutral and could end up solidly in the buyer’s camp by the middle of next year, if not sooner, according to a new index from real estate financial tech firm Knock.“Denver is now a neutral market. Prices are getting softer We think it is headed to a buyer’s market,” said Sean Black, co-founder and CEO of Knock, a New York-based “Power Buyer” that helps consumers make cash offers on homes.
Laredo Highline neighborhood, ZIP code 80011, is photographed in Aurora, Colorado on Friday, Aug 26, 2022 (Photo: Hyoung Chang/The Denver Post/TNS)
Steve Danyliw, a member of the DMAR Market Trends Committee, said the average sales to list price sellers received peaked at a very high 107% in April. By July it was 100.8%, evidence that competition was waning.“That concept of a lot of buyers paying over the asking price is over,” Danyliw said. So too are the days where sellers refused to budge on requests from buyers. A separate survey of 449 sellers by Realtor. com found that nine in 10 sellers had accepted buyer-friendly terms and four in 10 accepted contract contingencies, a sign that buyers were gaining more power. No sellers had refused to make repairs requested by buyers.“The combination of higher mortgage rates and prices have noticeably cooled demand over the first half of the year. In addition, as more homeowners have been listing their properties, rising inventory is motivating more of them to resort to price cuts in order to successfully close transactions,” said George Ratiu, manager of economic research at Realtor.com in a Blackstatement.saidhe doesn’t think the housing market is in a recession, as some analysts have argued. But the market is moving so quickly that sellers may fail to realize they no longer have the advantage they once thought.
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Black said markets that have the highest prices and the biggest run-up in prices are most vulnerable to a reversal. The metros most likely to remain solidly in the seller’s camp are those with a median home price below $300,000. Strong seller markets remain in place in Fayetteville, N.C.; Winston Salem, N.C.; Little Rock, Ark.; Savannah, Ga.; and El Paso. The Knock index weighs six measures, including the ratio of the average sales price to list price, number of homes sold, inventory of listings, median days on market, median sale price and the rolling supply of homes in a given month. Those measures have recently shifted direction in metro Denver after a strong run in favor of sellers during the pandemic. The inventory of homes available for sale rose by nearly two-thirds between May and June and the number of homes sold fell 12.4%, while monthly price gains flattened, according to the Denver Metro Association of Realtors. Between June and July, home sales fell 21.2%, the inventory rose 21.5% and median sales prices fell 2.5%.
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SEPTEMBER 2-3, 2022 ATHOMECOLORADO COM | ATHOME 7 BOULDER OFFICE: 303.443.2240 LONGMONT OFFICE: 303 776 3344 wkre.com 1287 Armstrong Drive Longmont Open Sun. 12-2pm $740,000 3 bed + Office, Updated & Move-in Ready www 1287 wkre.com Michelle Trudgeon: 720-272-9547 8857 Prairie Knoll Drive Longmont Open Sun. 1-3pm $1,520,000 Frank Lloyd Wright Inspired Custom Home! www 8857 wkre.com Dennis & Jann Culver: 303-618-3366 3095 Stanford Avenue Boulder Open Sun. 12-2pm $1,975,000 Brilliant views! Solid brock ranch Sobo home. wwwk.3095 wkre.com Mike Harris: 303-501-3621 4200 County Road 19 Fort Lupton 3 Bed, 3 Bath $2,685,000 Ranch-style on 16 acres with beautiful views! www.4200.wkre.com Jim Green: 303-775 2553 811 S Bross Street Longmont 4 Bed, 2 bath $549,000 Low maintenance ranch home in Longmont! www.811.wkre.com Barry Remington Team: 720-373-9297 2113 Brooks Way Longmont New Listing! $695,000 4bed/4bath in Watersong at Creekside. www.2113.wkre.com Pamela Kruteck: 303-641-7703 7270 Dry Creek Road Niwot 3 Bed, 3 Bath $850,000 Come and See! Niwot 2 story 1/3 acre +trees. www.7270.wkre.com Judy Pitt: 303-541-1937 12506 County Road 19 Platteville 5 bed, 5 Bath $2,250,000 Incredible 7300+ sq ft ranch on 5 acres. www.12506.wkre.com Jim Green: 303-775 2553 8850 N County Line Road Longmont 7 Bed, 9 Bath $3,600,000 Luxury home with barn on 35 Acres!! www.8850.wkre.com Dennis & Jann Culver: 303-618-3366
HOME
It’s no wonder why those who live here stay and why our the area is coveted as a place to relocate to.
O
From open space, land use and sustainability policies to forward-thinking and compassionate human services programs, our city and town governments help foster a vibrant, healthy and active community.
NEW COMMUNITIES
BOULDER 1 Velo Condos Builder: Thistle Velo LLC BROOMFIELD 8 Baseline Colorado Builders: Boulder Creek Neighbor hoods, Meritage Homes, Thrive Home Builders 7 Vive on Via Varra Builder: Meritage Homes ERIE 22 Coal Creek Commons Builder: Century Communities 23 Colliers Hill Builders: Boulder Creek Neighbor hoods, KB Home, Richmond Ameri can 20 Compass Builder: Lennar 21 Erie Commons Builder: Boulder Creek Neighborhoods 24 Erie Highlands Builder: Oak k g wood Homes 27 Erie Village Builder: Porchf f g ront Homes 18 Flatiron Meadows Builder: KB Home, Taylor Morrison, Toll Brothers 26 Morgan Hill Builder: Lennar 19 Rex Ranch Builder: Taylor Morrison 25 Westerly Builder: McStain Neighborhoods, SLC Homes, Wonderland Homes 28 Wild Rose Builder: Lennar FIRESTONE 9 Barefoot Lakes Builder: Brookfield Residential, Creekstone Homes, Lennar, Richmond American Homes
BOULDER, BROOMFIELD & LONGMONT AREA
ur region is home to more than 300,000 residents and includes some of the most diverse, natural landscapes and sustainable development along the Northern Front Range of Colorado.
Here we highlight a selection of the area’s new home communities and which builders are building where.
FREDERICK 10 Seasons at Silverstone Builder: Richmond American Homes LAFAYETTE 15 Blue Sage Builder: Mark k g el Homes 16 Avalon Meadows Builder: Von’s Colorado Concepts 17 Silo Builder: Cornerstone Homes 14 Silver Creek Builder: Markel Homes LOUISVILLE 13 North End Builder: Markel Homes SUPERIOR 3 Downtown Superior Builder: Thrive Home Builders, Remington Homes 4 Heights at Downtown Superior Builder: Toll Broth h p ers 5 Lanterns at Rock Creek Builder: Boulder Creek Neighborhoods 6 Montmere at Autrey Shores Builder: Koelbel 2 Rogers Farm Builder: Boulder Creek Neighbor hoods LONGMONT 11 Highlands at Fox Hill Builders: Dream Finders Homes, Landmark Homes 12 Parkside Builder: Coast to Coast Development For a more in-depth and interactive map, visit: AtHomeColorado com/ NewHomeMap Are we missing a new home community? Email us at: athome@dailycamera.com
8 ATHOME | ATHOMECOLORADO COM SEPTEMBER 2-3, 2022
SEPTEMBER 2 3 2022 ATHOMECOLORADO COM | ATHOME 9 NEW HOME COMMUNITY MAP 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 SAVING MADE EASY! greenlightsavings.com
10 ATHOME | ATHOMECOLORADO COM SEPTEMBER 2-3, 2022 Information deemed reliable, but not guaranteed. © 2017 C3 Real Estate Solution, LLC. 970-231-4172 • jfeeney@c3 re.com I AM YOUR MOUNTAIN PROPERTY SPECIALIST! My marketing can get your property sold…Contact me now and receive a FREE market analysis! www.RealEstateInNorthernColorado.com This property would be a perfect mountain get-away or possibly even a year round residence. There’s one bedroom on the main floor and an additional bedroom space in the loft area that’s perfect for guests. There’s a large deck space where you can sit and enjoy the sounds of nature and the Miller Fork Creek below. There’s over 2 acres of property to explore and the Dunraven Trailhead is close by for trail access into the nearby National Forest and Rocky Mountain National Park! The Retreat is only about 20 minutes from Estes Park and 35 minutes into Loveland. Or purchase this property as your second home as its only an hour and half drive from Denver International Airport! By appointment only. Schedule your showing today! Mountain cabin in the popular Retreat area of Glen Haven! 1052 Streamside Drive, Glen Haven | $450,000 2 Bedrooms • 1 Baths • 1,150 Total Sq. Ft. • MLS# 973991 Make This Amazing Property Yours!
By Ilyce Glink and Samuel J. Tamkin, Tribune Content Agency
A: It’s good to know somebody is paying attention to the idea that prepaying your mortgage can save you tens of thousands, if not hundreds of thousands of dollars over the life of the loan. In general, she has the right idea. Prepaying your mortgage is a smart way for most Americans to build wealth. Every payment repays a bit of the loan balance. Prepaying speeds up that process, saving you interest as you only get charged interest on the loan balance that’s outstanding.Mosthomeowners have the vast majority of their wealth in their homes. One argument against prepaying is you’re locking up your cash in a relatively illiquid asset. That’s true, but you can usually take out a home equity loan or do a cash-out refinance, if you need to be more liquid. In the meantime, you’re saving money. In a time when inflation is extremely high, prepaying your low-cost mortgage may not be the best idea. Millions of homeowners refinanced when interest rates were at historic low levels over the last few years and now have extremely low monthly payments. If you refinanced and got an interest rate of 2.5% or 3% on a 30 year fixed-rate loan, you may be able to earn substantially more than that by investing the money in a variety of assets, including I-bonds, which pay above the rate of inflation, or in the stock market, which is currently in a bear market but may still offer better long-run returns. So, when does it make sense to prepay your mortgage? Right now, interest rates on a 30-year fixed-rate loan are bouncing between 4.5% and 5.5% for consumers with credit scores over 760 or 780. If your credit score is lower, you’ll pay even more. That’s twice as high as interest rates were in 2021. Still, some people are buying homes. If you do buy a home and have a higher interest rate, prepaying your mortgage might make some sense, unless you have a better place to put the cash. Or, you’re just scraping by financially If you really can’t sleep at night because you’re allergic to debt of any kind, then go ahead and prepay your mortgage. We also think that if you’re nearing retirement, and will be living on a fixed income once you get there, prepaying your mortgage is a smart move. In retirement, you may not want a mortgage payment to deal with on top of property taxes and higher overall living expenses given the inflationary times. Freeing up cash flow as you head into your post-work life makes sense. In inflationary times, rising prices can mess with tight budgets. Rather than spending extra money to prepay a lowcost mortgage, you’re better off socking away or investing that cash to help cover escalating costs over the next few years until inflation gets under control. Your mother is probably experiencing this every time she goes to the grocery store or looks to fill up her car with gas. She’s worried about you, even though retirement is probably at least a decade away She knows, because she’s in her 80s, that life can be long and full of surprises, some of which will be less than pleasant. She probably also knows that having enough cash on hand can help get you through tougher times. But you can manage all of this without spending extra cash when your mortgage payments are virtually interestfree. Overall, we like the idea of prepaying your mortgage. We’ve done it and we love being mortgage-free.Butrightnow, if your mortgage carrying costs are low and fixed, don’t mess with that. Focus on saving as much as you can and continuing to assure your mom that you are doing fine. Ilyce Glink is the author of “100 Questions Every FirstTime Home Buyer Should Ask” (4th Edition). She is also the CEO of Best Money Moves, an app that employers provide to employees to measure and dial down financial stress. Samuel J. Tamkin is a Chicago-based real estate attorney. Contact Ilyce and Sam through their website, bestmoneymoves.com. (C)2022 Ilyce R. Glink and Samuel J. Tamkin. Distributed by Tribune Content Agency LLC.
SEPTEMBER 2-3, 2022 ATHOMECOLORADO COM | ATHOME 11
REALESTATEMATTERS In a time when inflation is extremely high, prepaying your low-cost mortgage may not be the best idea We Simplify Digital Marketing. Call 303.473.1400.
Q: My mother is in her late 80s and is of an era where owing money is not a good thing. She regularly reads your column and keeps insisting that I should pay down my home loan. She has even offered me money to do that. My interest rate is less than 4%. Is she right?
Marketing Feature B
As the largest, most established and one of the last remaining family owned and operated real estate companies in Boulder County, WK Real Estate has been helping area residents achieve goals of homeownership, real estate investment and building wealth since 1976. The company’s leadership, staff and associates know how important these legacy events are to maintaining our strong communities and that is precisely why WK supports these events financially and with volunteerism.
BolderBoulder 10K Alice Swanson, director of sponsorships for the BolderBoulder in 2022 knows first hand what kind of impact that the BolderBoulder and its sponsors and volunteers have on something so important to the community “Since its start in 1979, over a million participants have experienced America’s All Time Best 10K. The economic impact the “WK Real Estate helped us provide free transportation from the parking lot to the festival, and when you ’ re seeing about 10,000 people come through the gates in one night, and it’s the first experience your attendee has at your event, it’s one of the most important parts,” said Samantha Calhoon, Rhythm on the River program coordinator, City of Longmont (Photo courtesy: David Harwi)
12 ATHOME | ATHOMECOLORADO COM SEPTEMBER 2-3, 2022
COVERPROFILE
WK Real Estate supports our strong communities through financial support and volunteerism
oulder County is best known for the gorgeous mountain and Flatirons views, abundant outdoor activities, award-winning restaurants, craft beer and local communities that blend city amenities and culture with a passionate outdoor lifestyle. We are all fortunate to call Boulder County home. Home is more than where you park your car, cook your meals and rest your head at night. Home is where people come together to create community, and the residents of Boulder, Longmont and the cities and towns in Boulder County do that in a number of special ways.
A famous movie line is “if you build it, they will come.” When communities plan and hold significant events, people come together, and municipalities are better for it in so many ways. In Boulder County, spring and summer bring the BolderBoulder, July 4th celebrations – including Ralphie’s Independence Day Blast, Rhythm on the River in Longmont as well as the Boulder County Fair to name a few. Over the years these key events have served to unite residents and visitors in the spirit of community, and that in turn reinforces the stability, safety and appeal of our communities.Homeownership also plays a vital role in helping to build strong, stable communities. In addition to facilitating a healthy local economy through taxes, research shows that homeownership provides many social benefits such as increased volunteerism, improved health and lower rates of certain types of crime
The City of Boulder, Boulder Convention and Visitors Bureau, the University of Colorado and WK Real Estate are working hard to plan a “new and improved” event for the community in 2023 WK will also be present as a sponsor and participant in Longmont’s Unity in the Community this month, celebrating the arts, culture, people, civic leadership and businesses that make the city of Longmont one of the fastest growing areas along the Front Range According to the Longmont Chamber of Commerce “Unity in the Community is about creating community connection and Longmont pride ” Our nation’s founding fathers linked the notion of property ownership to security and overall happiness. Today homeownership is still the cornerstone of the American Dream – it provides individuals and families with emotional and financial stability and, historically, boosts wealth through equity and appreciation over time. The housing market directly benefits local economies through construction and manufacturing, as well as the goods and services that homeowners purchase in their communities.Whenaspiring homeowners and home sellers work with locally owned real estate professionals, like WK Real Estate, even more resources are funneled back into the local communities by the associates that live, work and play here. It’s not hard to see that locally spent dollars come back in the form of things like sidewalk and road improvements, more hiring for first responders and teachers, and recreation areas and facilities for all to enjoy, all of which make huge differences in a community.WKassociate Lynne McDougal says it best “WK’s sponsorship of events like Bolder Boulder is such a good fit as we are a local, hometown company who has also grown and expanded from our humble beginnings 46 years ago. WK also has global reach but maintains our hometown values of service to our clients and community.”
WK staff member Janelle Cliff was an integral part of WK’s volunteer crew. “WK’s participation in local events is a significant reason why I joined their brokerage. There are many real estate companies out there that are successful, but for a local, Boulder based company to volunteer its time and money into local charities and actively want to be a part of the local community events such as Rhythm on the River made the decision for me.” More local events plus the involvement of local companies equals local benefits
For more information on WK Real Estate and its community involvement, visit scrwww.wkre.com/our-story#community-oll.
The combination of signature events, sponsorship and volunteerism elevates communities, and there are many more local events that define our area that WK Real Estate is also involved in Ralphie’s Independence Day Blast at CU’s Folsom Field has been on hiatus since 2019 due to pandemic restrictions and recent fire danger.
SEPTEMBER 2-3, 2022 ATHOMECOLORADO COM | ATHOME 13 race has on the community is huge – more than $8 million – but the impact it has on the people who look forward to the race and Memorial Tribute each year is priceless. And 43.4% of participants are Boulder County residents.”
WK broker associate and volunteer Lynne McDougal was integral to the race’s Legends of the Lawn contest. “This contest was a perfect fit for WK to sponsor The cheering spectators in their yards, the lawn displays and entertainers – all important to what makes the BolderBoulder the BolderBoulder – and local folks like us. At WK it is our intention every day to be of service to our clients and community, and I am proud that WK is one of the sponsors of the Bolder Boulder!”WKnewcomer Katie Kuosman affirmed “The Bolder Boulder is very dear to my heart, in large part because of the wonderful memories I have of participating in it with friends and family throughout my childhood. I couldn’t be happier with my decision to join WK, and WK’s decision to sponsor the BolderBoulder event only further affirms that WK is an organization that cares deeply about engaging with and giving back to the Boulder community.” Rhythm on the River (ROTR)
This Longmont summer staple is another Boulder County event that draws both locals and visitors to the second largest city in Boulder County, for the 25th time in 2022. As Samantha Calhoon, program coordinator for the event and City of Longmont describes it “ROTR is special because Longmont is special It’s diverse, scenic and fun – all of which we try to reflect with Rhythm on the River.” Rebecca Weihe from WK’s Longmont office agrees “Longmont is a special place that provides so many cultural and community events throughout the year to its residents. Events like Rhythm on the River bring joy, pride and connection for Longmont to everyone who participates. As the community grows in love and excitement for the events Longmont puts on, the community as a whole flourishes!” The temperature topped 100 degrees for the 2022 event but that didn’t deter participants and volunteers from enjoying the musical entertainment and food and visiting the many small businesses’ booths.
“We simply could not produce the BOLDERBoulder at this high level people expect without the support of our sponsors and we love working with and partnering with local businesses such as WK Real Estate,” said Alice Swanson, director of sponsorships for the 2022 BolderBoulder (Photo courtesy: BolderBoulder 2022)
As far as the volunteers, Ms. Swanson emphasized “their involvement was fantastic... everything from their activation with the Legends of the Lawn Contest to the volunteers that helped us so much during the race. To sum up this partnership – two iconic companies in our community coming together to help make tradition return.”
Is the housing market about to crash?
The U.S. housing market may be starting to slow down, but it is still hot. Double-digit appreciation is commonplace. Many sellers are still giddily sifting through multiple offers, and frantic buyers continue to pay more than asking prices — sometimes by $100,000 or more. Yes, the real estate party remains in full swing, far longer than anyone expected.
The National Association of Realtors says prices of existing homes soared 14.8 percent from May 2021 to May 2022 — and topped $400,000 for the first time ever Prices are up a whopping 45 percent since the coronavirus pandemic began in March 2020, according to NAR data.But how much longer will the party last? Consumers may be starting to worry, based on online search data: More people are searching “housing crash” and similar terms now than at any time since 2007, according to Google Trends data. And this week, Fitch Ratings warned of “some regional home price corrections” in overheated areas. But the rating agency didn’t predict widespread price drops. “Despite the prospects of a home price correction, Fitch deems a housing market crash akin to the Great Financial Crisis highly unlikely,” the company said. “The main reasons are because housing inventory is still constrained, and existing homeowners who have benefited from low mortgage rates are unlikely to sell their properties.” Is the housing market going to crash? The last time the U.S. housing market looked this frothy was back in 2005 to 2007. Then home values crashed, with disastrous consequences. When the real estate bubble burst, the global economy plunged into the deepest downturn since the GreatNowDepression.thatthehousing boom is threatened by soaring mortgage rates and a potential recession, buyers and homeowners are asking a familiar question: Is the housing market so hot that it’s about to crash? “The one thing that I keep getting asked over and over is, ‘Is this a bubble?’” says Phil Shoemaker, president of originations at mortgage lender Home Point Financial. “If you look at what’s going on with home price appreciation, it feels bubble-ish. But if you look at the fundamentals behind it, it’s hard to say it is.”
For months, housing economists have been predicting that the housing market would eventually cool as home values become a victim of their own success. Home prices have risen far more quickly than incomes, creating an affordability squeeze, and mortgage rates have doubled since August 2021 Despite those potential drags on prices, home values keep soaring. The hottest metro area in the U.S. is Punta Gorda, Florida. Home prices there soared 34.4 percent from the first quarter of 2021 to the first quarter of 2022, according to the National Association of Realtors. Other fast-appreciating markets include Ocala, Florida, up 33.8 percent, and Ogden, Utah, up 30.8 percent. Experts say price appreciation is ‘worrisome’Thenightmarish memories of the last boom and bust remain fresh in the minds of homeowners, economists, lenders and Realtors. With home prices rising sharply in the past year, the latest boom is creating no shortage of concern.
(Photo:
One sign that we are not in a housing bubble: Builders can’t build quickly enough to meet demand Dreamstime/TNS)
“Prices are clearly accelerating at a pace that could become worrisome,” says Ken H. Johnson, a housing economist at Florida Atlantic University. Doug Duncan, chief economist at mortgage giant Fannie Mae, acknowledges concerns about
Here’s what experts are saying
REALESTATE
14 ATHOME | ATHOMECOLORADO COM SEPTEMBER 2-3, 2022
Indeed, the foundations of this housing market look far more stable than those of 15 years ago. The supply of homes for sale remains near all-time lows, and borrowers are more creditworthy than ever Existing home prices
By Jeff Ostrowski Bankrate.com (TNS)
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REALTORS
16 ATHOME | ATHOMECOLORADO COM SEPTEMBER 2-3, 2022 the stability of the housing market. In the past, big runups in home prices have been a recipe for trouble. “Our view is that house prices are somewhere in the 15 percent range above what the long-term fundamentals suggest,” Duncan says. “So it’s a reason to ask, ‘Is there a Meanwhile,problem?’”Greg McBride, CFA, Bankrate chief financial analyst, says a price plateau is more likely than a sharp fall. “While the recent pace of home price appreciation isn’t sustainable over the long run, that doesn’t mean prices are at risk of a sharp drop,” says McBride. “Real estate prices can move in big spurts — like now — and then show relatively little change over a period of years. A plateauing of prices is the more likelyHoweveroutcome.”,because mortgage rates have essentially doubled since August 2021, some housing economists expect a modest decline in prices.
apartments. 418 Emery
• Builders can’t build quickly enough to meet demand: Homebuilders pulled way back after the last crash, and they never fully ramped up to pre-2007 levels. Now, there’s no way for them to buy land and win regulatory approvals quickly enough to quench demand. While they are building as much as they can, a repeat of the overbuilding of 15 years ago looks unlikely “The fundamental reason for the run-up in price is heightened demand and a lack of supply,” McBride says. “As builders bring more available homes to market, more homeowners decide to sell and prospective buyers get priced out of the market, supply and demand can come back into balance. It won’t happen overnight.”
restaurants,
• Demographic trends are creating new buyers: There’s strong demand for homes on many fronts. Many Americans who already owned homes decided during the pandemic that they needed bigger places, especially with the rise of working from home. Millennials are a huge group and in their prime buying years. And Hispanics are a young, growing demographic keen on homeownership.
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entertainment.
Longmont •
• Inventories are near record lows: The National Association of Realtors says there was just a 2.4-month supply of homes for sale in September. In February, that figure fell as low as a tiny 2.0-month supply. The lack of inventory explains why buyers have little choice but to bid up prices. And it also indicates that the supply-and-demand equation simply won’t allow a price crash in the near future.
• Lending standards remain strict: In 2007, “liar loans,” in CONTINUED - See Page 23
Matthew Pointon, senior property economist at Capital Economics, wrote in a June note that he now projects home prices to fall about 5 percent by mid-2023.Theculprit? Mortgage rates rising above 6 percent. Still, Pointon sees a slowdown rather than a collapse for the housing market. “The prevalence of fixed-rate mortgages, tight credit conditions and a relatively healthy labor market still rules out a price crash,” Pointon wrote.National Association of Realtors Chief Economist Lawrence Yun agrees that no crash is imminent. There’s just too much of an imbalance between supply and demand for home values to crater. “I would not be surprised if some markets do see some minor price declines,” he said in lateHoweverJune., Yun said any declines are likely to be small –and healthy for a market that has seen intense pressure on affordability. Yun pointed to Phoenix as a place where price appreciation has defied gravity, and where a minor correction wouldn’t cause widespread economic pain “Could it fall 5 percent? Certainly yes,” Yun said. “Even if prices were to decline, say, 5 percent in Phoenix, is that a concern? Absolutely not.” 5 reasons the housing market is not about to crash So are we headed for a housing crash? Housing economists agree that no painful crash looms on the horizon “We don’t have a bubble,” says Logan Mohtashami, lead analyst at HousingWire. “We just have unhealthy home price growth.”Duncan agrees that the sharp rise in home values, while unusual, isn’t a sign of a bubble. “It’s hard to find an argument that says it will fall apart,” he says.Yun notes that home price to-income ratios have returned to eye-watering levels not seen since 2006. “Of course, the situation is much different,” he says. “But we should be mindful of this condition ” Housing economists point to five compelling reasons that no crash is imminent.
SEPTEMBER 2-3, 2022 ATHOMECOLORADO COM | ATHOME 17 303.444.3177 klrealty.net team@klrealty.net Boulder’s Independent Real Estate Professionals 0000 Xxxxx Xx $0,000,000 Lorem ipsum dolor sit amet, tamquam verterem ei sit Ferri propriae in pri, ei alii malorum vel, vix ad tota regione sensibus Et alienum interpretaris, est 0000 Xxxxx Xx $0,000,000 Lorem ipsum dolor sit amet, tamquam verterem ei sit Ferri propriae in pri, ei alii malorum vel, vix ad tota regione sensibus Et alienum interpretaris, est 0000 Xxxxx Xx $0,000,000 Lorem ipsum dolor sit amet, tamquam verterem ei sit Ferri propriae in pri, ei alii malorum vel, vix ad tota regione sensibus Et alienum interpretaris, est 0000 Xxxxx Xx $0,000,000 Lorem ipsum dolor sit amet, tamquam verterem ei sit. Ferri propriae in pri 0000 Xxxxx Xx $0,000,000 Lorem ipsum dolor sit amet, tamquam verterem ei sit Ferri propriae in pri 0000 Xxxxx Xx $0,000,000 Lorem ipsum dolor sit amet, tamquam verterem ei sit. Ferri propriae in pri 0000 Xxxxx Xx $0,000,000 Lorem ipsum dolor sit amet, tamquam verterem ei sit Ferri propriae in pri 0000 Xxxxx Xx $0,000,000 Lorem ipsum dolor sit amet, tamquam verterem ei sit. Ferri propriae in pri 0000 Xxxxx Xx $0,000,000 Lorem ipsum dolor sit amet, tamquam verterem ei sit Ferri propriae in pri 0000 Xxxxx Xx $0,000,000 Lorem ipsum dolor sit amet, tamquam verterem ei sit. Ferri propriae in pri 9849 Isabelle Rd $4,400,000 Commercial greenhouse and residence on 31 acres in two parcels. 1700 sq ft house, 2744 sq ft barn, 42000 sq ft in greenhouses with high-tech automated systems. 8582 Yellowstone Rd $2,950,000 Magnificent working farm of 60 acres in northern Boulder County 3-bed, 3-bath residence in a serene setting. 3 large outbuildings, outdoor arena and a pivot. 5926 Saint Vrain Rd $2,950,000 Unique 24-acre property Custom ranch-style home with a walk-out MIL suite 5991 Nelson Rd $2,200,000 35 acres in rural Boulder County Building Lot Determination in hand Water rights. 1225 Hartford Dr $1,750,000 Remodeled 4-bedroom home complete with a 1-bed, 1-bath ADU in Table Mesa 621 1st Ave Call for Details 4-bed, 4.5-bath executive rental in Lyons. Recently updated, ADA friendly 228 Courtney Dr $525,000 2400 sq ft well-maintained home with shaded and private backyard. In Loveland. 0 County Road 7, Lots A and B $1,275,000 14-acre building lot in 2 parcels. Water tap and power paid for Sewer in road 10141 Yellowstone Rd $2,875,000 5-acre gated estate with a luxurious, 3-bedroom, custom built home Sweeping views. 95 Rowell Dr $2,800,000 Very private 35-acre estate in Spring Gulch, 16 mins from Lyons. Thoughtfully designed home of 4550 sq ft with 3 beds and 4 baths. NewListing ForRent
DESIGNRECIPES
For those looking for an alternative to black, consider blue. Whether deep and dark or light and bright, blue is a versatile choice In many instances, you can also use blue to add richness and glamor while not overwhelming a space.
1. Use shades of blue with white undertones such as turquoise or powder blue in spaces that may not receive a lot of light.
Shades of blue
3. Consider blue as a choice for inspiration furniture such as desks, side tables and artwork.
4. Choose blue in bathrooms and spaces where you wish to incorporate a feeling of water, such as vacation and beach homes.
By Cathy Hobbs Tribune News Service (TNS)
Looking for interesting and innovative ways to incorporate the color blue into your home? Here are some top tips.
2. Incorporate blue to create a soothing and calm environment.
5. Experiment with layering different shades of blue in a space, for example, through the use of artwork, accessories and textiles like rugs. 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 cathyhobbs.com.
18 ATHOME | ATHOMECOLORADO COM SEPTEMBER 2-3, 2022
Blue art pieces make a strong statement in this dining space (Photo: Scott Gabriel Morris/TNS)
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By Paul F. P. Pogue Ask Angi (TNS) When you think about hiring an electrician, you’re probably thinking about maintenance or basic jobs, like installing a ceiling fan or fixing a busted circuit breaker But many high end jobs requiring an electrician can seriously boost your comfort and enjoyment of your home. Here are four simple paths to better living through electricity: Install home automation Smart home technology lets you use your voice or tap your phone to activate your home’s essential systems, such as lights, HVAC and televisions. But smart home systems get, well, smarter with every passing year and continue to integrate more and more functions. Even your shades can be pulled up automatically, and apps allow you to monitor energy consumption in real time to increase efficiency “Before long, smart homes will be able to encompass virtually every aspect of our lives,” says Angi Interior Home Expert Rachel Zepernick. “They can save time and increase efficiency in ways you might not have even thought ofTyet.”alkto an electrician specializing in home automation to find your options. Installation labor cost on home automation averages $800 Wire a home theater Are you a movie buff, or just love the idea of bingeing your favorite Netflix series on the big screen? That 70-inch television is a great start, but to re-create the entire movie theater experience, hire a pro to install a booming surround-sound system with hidden wires that makes you feel like you’re right in the middle of the action. The electrical labor for this task will cost between $200 and $800. “The sky’s the limit when you install a home theater,” Zepernick says. “You can install something small for your family or really splurge on a larger setup suitable for entertaining. Look for an electrician specializing in this kind of work so that they can handle the specific details.”
A home theater is one of the most elaborate entertainment upgrades you can install, but it pays off in luxury (Photo: Dreamstime/TNS) OPENHOMES.ATHOMECOLORADO.COM OR CALL 303.473.1456, LIST303.684.5329 YOUR OPEN HOUSE Open House Sat., Sept. 3rd 11AM 2PM 2101 Santa Fe Dr, Longmont 3 Bed • 3 Bath • 2 Car • $599,950
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Welcome to this updated two-story home on a huge corner lot in Pleasant Valley! Bright open floor plan with updated kitchen and baths, new hickory flooring throughout the main floor, new interior and exterior paint and more. Upstairs you will find three bedrooms and a spacious loft overlooking the living room. The loft is currently used as an office, but could be converted to a 4th bedroom! An unfinished basement is perfect for extra storage. The backyard is designed for entertaining and features a large deck and pergola with a removable screened ceiling for hot days! A separate patio area features a fire pit and raised irrigated vegetable and herb gardens Newer roof, two car garage with overhead storage, fully fenced yard. Property is across from the neighborhood pa.
And of course, once you’ve installed the audio-visual system, improve my life?
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ASKANGI How can electrical upgrades
20 ATHOME | ATHOMECOLORADO COM SEPTEMBER 2-3, 2022
SEPTEMBER 2-3, 2022 ATHOMECOLORADO COM | ATHOME 21
Generate your own power
Advertise your garage or yard sale with FrontRangeClassifieds.com • 10-line, 4-day ad • Online ad • Choose your community AD PACKAGE INCLUDES: ONLY $25 PLACE YOUR AD Call by 12 noon Tuesday for publication in Colorado Hometown Weekly and Broomfield Enterprise; call by 2 p.m. the day prior for publication in Daily Camera, Colorado Daily, Times-Call or Reporter-Herald. 303.466.3636 Boulder/Broomfield/Longmont 970.635.3650 Loveland/Northern Colorado or visit FrontRangeClassifieds.com $590,000 1379 Charles Drive, Unit D9 | Boulder 2 Bed | 2 Bath | 1,695 Sq. Ft. DAVID SCOTT 303 588 8358 Two Colorado Legacies United. Slifer Smith & Frampton is proud to acquire, and provide an exciting next chapter for, iconic Boulder Valley brokerage Colorado Landmark Realtors. This exceptional group is synonymous with unparalleled integrity and top tier service in their home market, and we are thrilled to welcome them into our growing Slifer community
You can lower your power bills (sometimes even to zero) and improve your environmental footprint by installing solar or wind-based power systems. Depending on the size of the installation, renewable energy can fulfill some, most or even all of your energy needs. Such systems represent a significant investment — between $18,000 and $34,000 in most cases However, residential renewable energy can also claim a generous tax credit if you hurry. Systems installed in 2022 can receive a 26% tax credit, which drops to 22% in 2023. This credit expires at the end of next year. “If you’re thinking of installing renewable energy, you’re leaving money on the table if you wait until after 2023 to do it,” says Angi Exterior Home Expert Scott Reid “State and local tax credits are also available, so talk to a tax pro to find out what’s available to you.”
you can focus on luxuries like theater-style seating and recliners. Talk to a furniture pro to find out your options. The total theater experience at home costs an average of $17,000.
Upgrade surge protection
Your circuit breaker provides protection for your house against most surges. However, a serious burst of energy — such as a lightning strike on your home — can overwhelm the panel and devastate your wiring and appliances, causing thousands of dollars (or more) in damage. A surge protection power strip offers a bit more protection, but not much For the best shield against fried electronics, consider a whole house surge protector on your electrical panel. They cost around $300 to install but provide peace of mind against major power spikes. Tweet your home care questions with #AskingAngi and we’ll try to answer them in a future column or visit angi.com.
22 ATHOME | ATHOMECOLORADO COM SEPTEMBER 2-3, 2022 QUICK GUIDEOpen House // Virtual Tour
LONGMONT 2201 Calais Drive, 6 B Sat.,$425,0001to3 p.m. Tom (303)RE/MAXPringleAlliance921-2668 1379 Charles Drive, Unit 8D Sat.$590,000&Sun., 2 to 4 p.m. David Scott Slifer Smith & Frampton (303) 588-8358 2101 Santa Fe Dri ve Sat.,$599,95011a.m. to 2 p.m. Regan Sample EXP Realty LLC (720) 438-5585 1287 Armstrong Drive Sun.,$740,000Noon to 2 p.m. Michelle Trudgeon WK Real Estate (720) 272-9547 1662 Hideaway Court Sat.,$929,00011a.m. to 1 p.m. Donna Fox 8Z Real Estate (720) 771-5965 8857 Prairie Knoll Drive $1,520,000 Sun., 1 to 3 p.m. Dennis & Jann Culver WK Real Estate (303) 618-3366 4302 Nelson Road Friday$3,875,0003to5 p.m. Kevin (303)RE/MAXMurrayAlliance818-9249 LOUISVILLE 324 Peerless Street Sat.,$799,0001to3 p.m. Tom (303)RE/MAXPrecourtAlliance921-9080 LOVELAND 1221 Wrangler Way Sat.,$975,000Noon to 2 p.m. Jim Green WK Real Estate (303) 775-2553 NIWOT 7368 Dry Creek Road Sun.,$1,125,0001to3 p.m. Susan RE/MAXBacaof Boulder (720) 434-9142 (scroll
to the bottom for the order link).
THIS WEEK’S OPEN HOUSES/VIRTUAL TOURS // OPENHOMES.ATHOMECOLORADO.COM BOULDER 830 20th St., #205 Sat.$325,000&Sun., 1 to 3 p.m. Maureen McCarthy RE/MAX of Boulder (303) 817-1282 5875 Orchard Creek Lane Sun.,$925,0001:30 to 3 p.m. Andrew (303)RE/MAXMullerofBoulder434-6633 315 Arapahoe Ave., #201 Sun.,$1,350,00011a.m. to 2 p.m. Pamela Griffin Pamela Griffin Realty (303) 931-5321 755 Pinehurst Sun.,$1,595,0001to3 p.m. Susan RE/MAXBacaof Boulder (720) 434-9142 820 16th St. Sat.,$2,650,0002to4 p.m. Keith Mcquillen WK Real Estate (303) 589-1432 3007 10th St. Sat.,$3,695,0002:30to 4:30 p.m. Susan RE/MAXBacaof Boulder (720) 434-9142 BROOMFIELD 905 W. 8th Ave. Drive Sun.,$560,000Noon to 2 p.m. Mia ColoradoNess Landmark (720) 273-7567 DENVER 3747 Yates St. Sat.,$795,000Noon to 2 p.m. Mia ColoradoNess Landmark (720) 273-7567 LAFAYETTE 382 Fern Lake Court Sun.,$699,0001to 3 p.m. Jamie (303)RE/MAXZimmermanAlliance807-1302 2740 Meadow Mountain Trail Sat.,$899,00011:30 a.m. to 1:30 p.m. Cheryl (303)RE/MAXShatzAlliance570-0949
Increase your exposure with At Home Colorado’s Open House / Virtual Tour Quick Guide. The targeted buyer promotion includes a print listing, online interactive listing, alerts and Facebook marketing. Drive Traffic to Your Home Listing To place your listing, visit: openhomes.athomecolorado.com
It depends on how much money you earn versus how much you pay out in debts and expenses each month. Many financial advisors recommend the 28/36 percent rule of home affordability, which states that you should spend no more than 28 percent of your gross monthly income on housing expenses, and no more than 36 percent on total debt. Bankrate’s home affordability calculator can help you crunch the numbers What is a good credit score to buy a house? Different minimum credit scores are required by lenders for different types of mortgages. However, a score of at least 620 is typically required for a conventional loan — and if it’s as high as 740, all the better Successful borrowers today tend to have outstanding credit, with a typical score of 786.
• Illinois had the highest foreclosure rate of any state in May, at one foreclosure filing for every 2,000 housing units, according to ATTOM. It’s followed by New Jersey, where one in every 2,346 homes are in some stage of foreclosure.
• Home sales fell 8.6 percent from May 2021 to May 2022, the National Association of Realtors says. The median house price reached $407,600 in May 2022.
• Homes’ rate of appreciation, per NAR, was 14.8 percent from May 2021 to May 2022.
Housing market (continued)
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• A total of 30,881 U.S. homes had foreclosure filings –default notices, scheduled auctions or bank repossessions – as of May 2022, according to ATTOM Data Solutions.
SEPTEMBER 2-3, 2022 ATHOMECOLORADO COM | ATHOME 23 which borrowers didn’t need to document their income, were common Lenders offered mortgages to just about anyone, regardless of credit history or down payment size. Today, lenders impose tough standards on borrowers — and those who are getting a mortgage overwhelmingly have stellar credit. The typical credit score for mortgage borrowers in the third and fourth quarters of 2021 stood at a record high 786, the Federal Reserve Bank of New York says. “If lending standards loosen and we go back to the wild, wild west days of 2004-2006, then that is a whole different animal,” McBride says. “If we start to see prices being bid up by the artificial buying power of loose lending standards, that’s when we worry about a crash.” • Foreclosure activity is muted: In the years after the housing crash, millions of foreclosures flooded the housing market, depressing prices. That’s not the case now. Most homeowners have a comfortable equity cushion in their homes. Lenders haven’t been filing default notices during the pandemic, pushing foreclosures to record lows in All2020.of that adds up to a consensus: Yes, home prices are pushing the bounds of affordability But no, this boom shouldn’t end in a bust. “I’m not worried about a housing bubble,” says Ralph McLaughlin, chief economist at financial technology firm Haus. com. “The fundamentals are all there – low supply combined with growing demand for homeownership – to suggest the overheating we’re seeing in the housing market is not based on animal spirits but on an unfortunate and coincidental series of market forces over the past year” FAQs When will the housing market crash? Actually, economists do not think it will. Housing economists point to five main reasons that the market will not crash anytime soon: low inventory, lack of newconstruction housing, large amounts of new buyers, strict lending standards and a drop in foreclosures. When will housing prices drop?
• Lenders repossessed 2,857 U.S. properties through completed foreclosures –known as “real estate owned,” or REO – in May 2022. Illinois had the most REOs at 350, followed by Michigan’s 249, according to ATTOM.
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Key housing market statistics
Home prices have been rising sharply for years And while the heated market may cool down a bit, it’s not likely to experience an equally sharp drop soon. Greg McBride, CFA, Bankrate’s chief financial analyst, says a plateauing of prices is more likely than a steep fall. Matthew Pointon, senior property economist at Capital Economics, also expects a slowdown rather than a freefall, predicting a 5 percent drop by mid-2023.
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