Solar: One Home Owner’s Exploration

Team CHR Improvements

A home owner recently called one of our agents for input. He and his wife were thinking about adding solar panels to their home. It turned into a fascinating conversation over a three-week period and resulted in identifying key factors to consider in making this decision. Here’s the summary of issues to contemplate: Environmental Care: Climate change is a controversial topic, but it …

A Robot Might Buy Your House

Team CHR Improvements

“Sell your home, skip the hard parts.” That was the headline on the one-page flyer that arrived in a friend’s mailbox the other day. You may have received one. It was from a company that offers to buy homes for cash directly from an owner. Quick close. Avoid the supposed hassle of putting it on the market. Companies like this are …

Off-Market Sales Detrimental to Sellers Bottom Line

Team CHR Improvements

You want to sell your house. A friend or co-worker or a Nextdoor posting informs you about someone looking to buy in your area. The potential buyer looks at your place and wants to buy it. This may sound like an appealing scenario. You can avoid the time and expense of hiring an agent, prepping your house for the market, …

Protect Yourself from Rampant Wire Fraud

Team CHR Improvements

Imagine this scenario: You’re buying a house. You get an email from your real estate agent telling you to wire the down payment of $91,000 to a title company right away. She tells you she’s tied up in meetings and can’t talk at the moment and will explain details later but tells you you need to get that money wired immediately …

Metro Denver Economy: Robust and Diverse

Team CHR Improvements

Rapidly rising prices can create an artificial bubble if fueled by irrational exuberance. On the other hand, a strong upward price trend can be created by healthy market fundamentals. The latter is the case when it comes to home prices in metro Denver over the last six years. The robust increase in home values has not occurred in a vacuum. …

Rethinking Cost vs. Value for Home Remodeling Projects

Team CHR Improvements

Hanley Wood Media Inc. publishes a study each year in Remodeling magazine on the cost of various home improvement projects and the estimated value added to a property from each project.  The study provides a wealth of information and is well worth downloading, which you can do from the website costvsvalue.com. The download is free, but you’ll have to provide them …

Renovate, Remodel, Repair 

Team CHR Improvements, Selling

Renovate, Remodel, Repair Call it renovating, call it remodeling, call it updating. On every street in every city and every town in North America somebody is doing it. Many don’t give enough thought to whether they are investing wisely on the project. Most people assume that money spent on the house is money well spent. Some projects are clear winners …

Home Sales Increase as Rates Edge Upwards

Team CHR Buying, Improvements, Market Trends, Selling

The first two months of 2017 saw an increase in home sales over the same period last year. The combined number of home sold in the January-February time frame is 4.42% higher than a year ago. We are also seeing home price appreciation beginning to moderate. The 12-month moving average appreciation rate shows a 9.48% increase over the last year, lower …

BUY A HOUSE … PAY FOR COLLEGE

Team CHR Buying, Improvements, Selling

No surprise…..college education is expensive! Forbes reported in 2015 the average public college cost $28,000 per year and a private university runs almost $60k. If you have young kids who will be attending college ten to fifteen years in the future, even the public college option might be running $240,000 for a 4-year degree. SHOCKED?! Let’s look at a way …

A Big Leap

Team CHR Buying, Improvements, Market Trends, Selling

January homes sales made a big leap from January of 2016. That was a bit surprising since 2016 was a record setting year for residential home sales. We had 3,019 homes change hands in the seven-county metro Denver market in January and that is an 8.32% increase from the number that sold in January last year. Here’s even better news: …