Blog • November 28, 2018

Energize Your Home This Winter With Bright Hues

by Philip Cooper

Bright hues are eye-catching, confident and cheering — so if winter’s got you feeling less than energized, why not tap into the power of bright colors to lift your spirits and your decor? Read on for 10 reasons to give bright, zesty hues a try in your home this winter.

Bright Hues 1: Bronwyn Poole by Touch Interiors, original photo on Houzz

1. Bright hues help with the whole rising and shining thing. Zingy brights are like caffeine for your space. If you’ve been dragging on these dark winter mornings, perhaps a colorful bedroom makeover would help things along. Artwork, pillows and a throw can be easily swapped out now, and again when you feel like a change.

Bright Hues 2: Bronwyn Poole by Touch Interiors, original photo on Houzz

2. Bright hues are playful. Lighten the mood at home with fun, colorful pieces, like the oversize geometric artwork and bright blue vintage rug shown in this space. Colors this bold are packed with personality and perfect in spaces where you host parties or play with your kids.

3. Bright hues are a winter palette cleanser. Been feeling oversaturated by red, green and woodsy decor? Acid brights can act as a refreshing palette cleanser. Clear away the holiday decor and start fresh with a clean, crisp pairing of white and brights.

Bright Hues 3: Emma Blomfield, original photo on Houzz

4. Bright hues are mood boosters. Bright, bold colors are undeniably cheerful. Even if you typically shy away from bright hues, consider making an exception in the winter. The infusion of color can be a great pick-me-up!

5. Bright hues are gutsy. Claim your space and make a statement with a big decorating move, like bold wallpaper or a bright, graphic rug. Bright hues exude confidence — perfect when you are looking to make a fresh start in your life.

Bright Hues 4: Tobi Fairley Interior Design, original photo on Houzz

6. Bright hues offer contrast to the gray outdoors. Dismal weather got you down? Cheer up your foyer with sunshine yellow. Spaces with large windows can also become a bit of a downer when the skies are cloudy — refresh a living room or kitchen with sunshiny hues to counteract the gloom.

7. Bright hues bring a dash of romance. From the shiny red of London buses to the bright turquoise of a zippy Italian scooter, the colors of a place are often one of the most memorable parts of traveling. Bring back a bit of the romance of your favorite destinations with a collection of colorful travel photos on the wall. Or pick up colors from your most cherished places in smaller doses — like bright buttons on a dapper gray armchair.

Bright Hues 5: 50 Degrees North Architects, original photo on Houzz

8. Bright hues can help you feel more productive. Give your home workspace a jolt to keep yourself sharp and focused. Try a brightly hued desk chair or filing cabinet, or arrange your bookshelves in rainbow order. Even a vase of bright blooms and a new pen cup on the desk can do the trick!

Bright Hues 6: Reiko Feng Shui Design, original photo on Houzz

9. Bright hues wake up winter white. If your winter decorating scheme tends towards pure wintry whites and subtle glints of metallic hues, consider punching things up with a bright accent or two. In the space shown here, a cluster of pillows and a glamorous chandelier dripping in turquoise beads transforms a plain landing into a jaw-dropping one.

10. Bright hues give you a taste of spring when you need it most. Why wait for the first daffodils, when you can have a wonderfully bright yellow door right now? Stop trudging through winter waiting for spring, and treat yourself to springy colors today.

By Laura Gaskill, Houzz

Blog • November 27, 2018

6 Extreme Interior Paint Makeovers

by Philip Cooper

Today we’re looking at how paint has changed your rooms, from the kitchen to the bedroom, from the living room to the laundry room.

Makeover 1: Stephanie Van Dyke, original photo on Houzz

AFTER: Houzz user Stephanie Van Dyke’s newly dark living room walls.

Makeover 2: Before Photo, original photo on Houzz

BEFORE: Van Dyke wanted to switch up these light walls. The new colors are Ralph Lauren’s Smoked Glass and Tibetan Jasmine. “The Smoked Glass is a beautiful, dynamic color that changes throughout the day,” she says.

Makeover 3: Before Photo, original photo on Houzz

BEFORE: Houzz user and blogger c2marsha did not have much love for this pale green color in her bedroom. “The old pale green color just felt really stale and boring; we wanted something bolder but not bright or harsh,” she says.

Makeover 4: c2marsha, original photo on Houzz

AFTER: “We chose Behr Bitter Chocolate for our master bedroom, which sits on the second floor of our Dutch colonial in Minneapolis,” she says. “We didn’t want our room to feel too feminine or masculine, and we wanted it to feel like it fit us well, which made it very difficult to pick a color!”

The rich brown brought in a modern touch that works with their mix of vintage and traditional pieces.

Makeover 5: Before Photo, original photo on Houzz

BEFORE: Maple trees surrounding the house and the colors on the walls made Houzz user hellovijp’s home in Quebec City very dark inside.

Makeover 6: hellovijp, original photo on Houzz

AFTER: Because one room flows into the next and the spaces were lacking cohesion, hellovijp painted the entire floor the same color, SICO’s Portobello #6185-41. It really lightens things up while keeping the look warm.

Makeover 7: Before Photo, original photo on Houzz

BEFORE: Amanda Haytaian wanted a fresh look for her living room; pink walls and a dated fireplace were no longer working.

Makeover 8: Amanda Haytaian, original photo on Houzz

AFTER: She brought the pink into the room via smaller accents. A beautiful new coffered ceiling and marble fireplace surround freshen up the space. The walls are Benjamin Moore’s Etiquette in matte, and the trim is Benjamin Moore’s Steam in semigloss.

Makeover 9: Before Photo, original photo on Houzz

BEFORE: Becky, of the blog this is happiness, had been dreaming of a whiter kitchen.

Makeover 10: Becky, original photo on Houzz

AFTER: “It’s still a work in progress, but we took our very dark kitchen to a cheerful, bright white,” she says. Kwal acrylic paint in Pure Snow did the trick.

Tip: She recommends having the cabinets spray painted to avoid brushstrokes.

Makeover 11: Before Photo, original photo on Houzz

BEFORE: “This laundry room is a great example of white not making a poorly lit, windowless room light and airy; it just made it gray, dingy and scuff-marked,” says Cathy Zaeske.

Makeover 12: Cathy Zaeske, original photo on Houzz

AFTER: Going for an industrial chic look, she chose a new pendant light and Sherwin-Williams’ high-gloss 6076 Turkish Coffee. The new room is much better at inspiring the homeowners to want to do their laundry.

By Becky Harris, Houzz

Fun facts • November 26, 2018

How We Rank

by Philip Cooper

Here’s how the largest Colorado cities rank on the most recent Federal Housing Finance Authority’s quarterly report. They study the appreciation rate in 245 metropolitan areas all over the country.

City Rank Appreciation

Boulder 65th 8.76%

Colorado Springs 15th 11.54%

Denver 30th 10.16%

Fort Collins 85th 7.51%

Grand Junction 58th 9.01%

Greeley 45th 9.51%

Fun facts • November 25, 2018

The Wellington Explosion

by Philip Cooper

What if we told you there is a real estate market that has seen a 300% increase in sales volume in only 5 years?

What if we told you that market was right in our back yard?

The market is Wellington and what is happening there is extraordinary.

Because price increases in Fort Collins have eliminated virtually all options for the sub $300,000 buyer, Wellington has become a very popular place to buy a home.

In June of 2012, the average price there was $185,000. Today it is $300,500!

In 2012 there were 222 residential sales in Wellington. This year is on pace to eclipse 500.

Yes, Wellington has exploded and we don’t see it slowing down anytime soon!

To see homes that are for sale in Wellington, just click here: www.WindermereNoco.com/WellingtonHomesForSale

Fun fact about Wellington:

The Town of Wellington was an oil, coal and agricultural hub throughout the 1800s and became a stopping location for wagon trains, travelers, and military movement between Cheyenne, Wyoming and Fort Collins, Colorado. The town was founded in 1902, incorporated in 1905 and named after C.L. Wellington, an employee of the Colorado and Southern Railroad.

Around the same time the population began to grow in Wellington, woolly mammoth remains were discovered by a construction crew while digging foundations for new homes. The remains were carefully excavated by a University of Colorado team while residents watched with excitement. Unfortunately, after being taken back to the University for further examination, the tusks were dropped and shattered on a floor. In recognition and remembrance of this event, the subdivision where they were found named a street Mammoth Circle.

Wellington maintained a population around 500 throughout the 20th century and grew to about 1,000 until the early 2000s. Today, Wellington is home to a population of nearly 8,300 residents.

Fun Facts & Image Source: www.townofwellington.com

Economy • For Buyers & Sellers • November 24, 2018

Why Owning a Home is Such a Smart Investment

by Philip Cooper

After succumbing to the “Great Recession” ten years ago, the stock market has made a comeback. So, does that mean you should forget about buying a new house and invest in stocks instead? The answer to that question, say experts, depends on your investing savvy, your financial discipline, your age, and your current financial situation.

The first question you need to ask yourself is, “Am I disciplined enough to invest in stocks?” According to two professors who recently studied 30 years of personal-finance performance, you need to be someone with exceptional financial discipline if you want to earn real money in the stock market. Or, you could simply buy a house.

When you buy real estate, the down payment and monthly mortgage payments force you to set aside a significant amount of your earnings on a regular basis. It’s automatic. But if you can’t summon the same discipline to invest that same amount of money in the stock market on an equally regular basis, then stocks are probably going to be a losing proposition, according to the professor’s study.

“We find that if people don’t invest all the money, actually about 90% of the time, you’re better off buying real estate,” says Professor Eli Beracha, co-author of the study.

Other issues that make stock investing risky

Investing guru James Altucher wrote a column in The Wall St. Journal titled, “8 Reasons You Stink at Trading Stocks.” In it, he argues that most non-professionals don’t have the investing savvy required to be successful in the stock market. Here are a few telling excerpts:

“Nine out of 10 people think they are above-average drivers. Nine out of 10 people think they are above-average investors. Both are mathematically impossible.”
“Most people sell at the bottom and buy at the top—the opposite of what you want to do as an investor—because they let emotions get in the way of patience and strategy.”
“It’s really hard to own stocks. It’s not just picking a stock and watching it go up 1,000%. It’s buying it and sometimes watching it go down 80% before it ends up rising 20% above your purchase price. It’s waiting. It’s patience. Psychology is at least 80% of the game. And knowing when to sell? Even harder.”

Age matters

When you’re young, many financial advisors encourage investing in things like individual stocks. With a long career ahead, you have time to wait for any bad investments to turn around before you may really need the money. But once you’re a little older, with a family, and starting to focus on your financial future, that’s when advisers recommend you buy things like real estate—a conservative investment with a long history of stable, predictable earnings.

The type of loan you choose also makes a difference

If you want to both own a home and invest in stocks, consider a 30-year home loan, which will significantly reduce your monthly payments and leave you with extra money for playing the market. (Just remember the tradeoff: You’ll end up paying thousands of dollars more in interest over the life of the loan.)

If you don’t have a burning desire to play the stock market, choose a 15-year home loan. You’ll pay less interest over the life of the loan, you’ll build equity faster, and, obviously, you’ll be mortgage-free 15 years sooner.

The tax advantages of owning real estate

As a homeowner, you’re entitled to a bevy of tax benefits you don’t get as a stock investor. You can deduct your mortgage interest and property taxes from your annual tax return. Plus, depending on your circumstances, you could also get a deduction or credit for any home-office expenses, moving expenses, capital gains, any “points” used to lower your interest rate, and more.

One caveat: investing in real estate takes time

No matter what some of those reality TV programs show, buying a home should not be viewed as a get-rich-quick scheme. But if you think you’re ready to put down roots for as long as seven years, chances are very good that any home you purchase will appreciate significantly during that time (even if the economy runs into some bumps along the way).

The non-financial benefits

Of course, not all of the benefits of owning a home are financial. For most Americans, their home is a source of tremendous pride, comfort, security and freedom. Most of us also use our homes to showcase our personality, through paint colors, furnishings, landscaping, yard signs, holiday decorations and so much more.

Yes, the stock market is on an upswing currently (depending on the week), but if you want an investment with a long-term track record of consistent returns—plus tax breaks and a variety of personal perks—you may want to buy a home instead.

If you have questions about the buying or selling process, or are looking for an experienced agent in your area, connect with us here.

Fun facts • Market News • November 23, 2018

What’s Starting?

by Philip Cooper

Here are some interesting stats from our friends at Metro Study who study new home activity along the Front Range.

• New home starts are up 14% compared to last year – this is really good news and is helping to relieve the shortage of housing inventory

• Every product type saw an increase in starts compared to last year (single family, town-home and condominium)

• Condominiums saw the largest increase in starts by a long shot, up 112% over last year- this is excellent news for first time buyers and those looking for product in lower price ranges.

For Buyers & Sellers • November 22, 2018

How Neighborhood Affects Home Value

by Philip Cooper

Whether you’re buying or selling, accurately pricing a home requires professional assistance from someone who knows the neighborhood.

The “estimated” home prices you see posted online can be off by tens of thousands of dollars – not because they’re dishonest, but because the computer programs generating these guesstimates don’t take into account the current condition of a house, the amenities that are included, the qualities of the surrounding neighborhood, and so much more.

A real estate agent’s appraisal will not only consider the selling prices of surrounding properties, as the online services do, but also take into consideration a host of other criteria. For instance, when it comes to assessing the surrounding neighborhood, the following factors can often significantly affect the market price of a home:

School quality

The quality of neighborhood schools has a dramatic impact on home price, whether buyers have school-age children or not. In the most recent study on the subject, researchers from the Federal Reserve Bank of St. Louis found that above-average public schools (those with math scores 4.6 percent better than the average) increased the value of nearby homes by 11 percent (or an average of $16,000) in the St. Louis area.

A park within walking distance

Parks are so important to families today that simply having one within a quarter mile can increase the value of a house by 10 percent, according to a new study from the University of Pennsylvania’s Wharton School.

Stores nearby

The impact that retail areas have on home values depends on the type of community. According to a study recently released by the Massachusetts Institute of Technology, homes in urban areas sell for six percent to eight percent more than average if they’re within a quarter mile of a retail cluster (shops and restaurants). However, in suburban communities, it’s the homes that are a mile from any retail centers that sell for the most (homes located closer than that actually sell for 8 percent less than average).

Freeway access

Because we’re a car-oriented society, most people are willing to pay more to live within a couple miles of an on-ramp to a major highway or freeway, which saves gas and speeds commute times. However, if the home is located too close (within a half mile of the freeway), the associated noise and air pollution can push the price in the opposite direction.

Vacant lots in the vicinity

Being surrounded by vacant land can be a good thing in rural areas, but it’s usually a negative for urban homeowners. A recent Wharton School study found that higher concentrations of unmanaged vacant lots in an urban neighborhood drag down the values for surrounding homes by an average of 18 percent.

Proximity to nuisances and environmental hazards

Two recent studies (one from an Arizona assessor’s office, the other by the University of California Berkeley) show that homes located near a landfill or power plant usually sell for four to 10 percent less than more distant homes. The same can usually be said for homes located too close to manufacturing facilities – especially those that make lots of noise or produces noxious odors.

Neighborhood foreclosures

According to a recent study by the Massachusetts Institute of Technology, the value of a home decreases by one percent for every foreclosed home within 250 feet of it. Why? The lower sales prices of foreclosed homes can quickly drag down the neighborhood’s comparable prices. Plus, the owners of these properties usually don’t have the money or interest in maintaining them after they go into foreclosure, which can create an eyesore for all the other homes in the vicinity.

Percentage of homeowners

Are there more owners than renters living in the neighborhood? If so, property values are usually better than average. Homeowners tend to take better care of their property than renters or landlords, which improves the curb-appeal for the whole community.

Public services

Some communities have a wealth of quality public services available to them – including regular street cleanings, scheduled street repair, graffiti removal services, landscape maintenance, neighborhood beautification efforts, and more. Needless to say, homes lucky enough to be located in those areas typically command higher property valuations.

Home sellers can use these factors to justify a higher asking price. Buyers can use them to try and negotiate something lower. However, when it comes to attaching specific dollar amounts, that is something best left to your real estate agent, an objective professional with a deep understanding of the local market.

If you are looking for an experienced real estate agent, connect with us here.

Sellers • November 21, 2018

Home Staging Tips

by Philip Cooper

DIY Home Staging Tips:

With a little time, effort and imagination, you can stage your home to showcase its best features, sell it faster and get top dollar.

Clean up, pare down, and toss out: By simply getting rid of excess furniture and clutter, you can make any room look larger and more inviting.

Make it professional, not personal: Remove family photos, mementos and other personal items from the space. This not only eliminates clutter, it helps potential home buyers envision their lives in the space.

Re-purpose rooms: Do you have a “junk” room? You can transform a liability into an asset by turning an underused space into a reading nook, a craft room, a yoga studio or a home gym. Just clean it up, add a coat of paint, some furniture and the right accessories.

Lighten up: Light, airy rooms look bigger and more welcoming. You can create a pleasing effect by using the right wattage bulbs and multiple light sources. The right window treatments can also have a big impact. Choose fabrics that are light and gauzy, rather than dark and heavy.

Try a little color: Paint is the cheapest, easiest way to update your home. Stick with warm, natural hues, but try darker colors for accent walls and to highlight special features. You can give old furniture new life with a coat of shiny black paint—and freshen up the front door with a bold, cheerful color.

Add some decorative touches: Art, accessories, plants and flowers breathe life into a home. Make rooms more inviting with accessories that are carefully grouped, especially in threes. Pay attention to scale, texture and color. Bring the outdoors in with plants and flowers.

Picture-Perfect Staging:

When it comes to looking for a home most people start on the internet. The photos in your property listing can make a powerful first impression. According to a recent Wall Street Journal article, professional photos can increase home views up to 61%. Make sure your home is “ready for its close-up” by following these simple guidelines before the photographer shows up.

For exterior photography:

· Make sure no cars are parked in front of your house or in your driveway.

· Sidewalks and streets should be cropped out

· There should be up-close and angled shots, as well as long shorts that emphasize space.

· Clear away or trim vegetation blocking the front door or path to the door.

· Make sure lawns are mowed, hedges clipped, etc.

· Remove evidence of pets.

· Put away children’s toys.

· If you are selling a condo or town home, such amenities as tennis courts, a gym, a garden patio or clubhouse should be photographed.

For interior photography:

· Make sure your house is spotless, windows are clean and rooms are decluttered.

· Repair all visible damage, e.g., bad water stains, gouges, chipped paint.

· Drapes and blinds should be open and lights on.

· Remove trash cans, close toilet seats.

· Use floral arrangements in kitchens and dining rooms.

· Make sure that interesting details and attractive features—e.g., wood floors, a carved mantel, marble counter-tops and ornamental tile backslashes, etc. – are photographed.

Sellers • November 20, 2018

Pricing your home to sell

by Philip Cooper

When it comes time to sell a home, most people want the property to sell quickly for the highest possible return. Setting the correct listing price is the most important step in reaching this goal. Price a property too low and it might sell quickly, but you could pocket less profit. Set it too high and you run the risk of pricing yourself out of the market.

Why overpricing a home is risky

Some sellers want to list their home at an inflated value, believing that they can always lower the price down the road if needed. But this can be a risky strategy. New listings generally get the greatest exposure in the first two-to-four weeks on the market, so setting a realistic price from day one is critical. If a home is priced too high, your strongest pool of prospective buyers is eliminated because they think it’s out of their price range. Conversely, buyers who can afford it will compare it to other homes that have been fairly priced and decide that they can get more home for their money elsewhere.

Once it has been decided to reduce the price, you’ve unnecessarily lost time and money. Your strongest prospective buyers may have found another home, while the over-inflated price could result in a negative impression among agents and buyers who are still in the market. Not to mention, reengaging buyers after those first critical few weeks can be very challenging. As the saying goes, “time is money”; so the longer a home is on the market, the lower the selling price will likely be in relation to the initial listing price.

Setting a home price too high has other costs

When a home languishes on the market, the seller loses in a number of ways. Each month the home goes unsold, is another month of costs to the owner in mortgage payments, taxes, and maintenance—expenses that are not recovered when the home is sold. Furthermore, until the house is sold, the owner is on hold and can’t move forward with whatever plans prompted the decision to sell. If the seller is still living in the home, it can also be fatiguing to keep the property in ready-to-show condition month after month.

How to set the right price for a home

It’s not easy to be objective about your own home. That’s why it’s best to have a real estate professional work with you to set a reasonable price. According to a study done by the National Association of REALTORS®, homes that were sold using a real estate agent netted an average of $25,000 more than those without agent representation.

There are a number of factors that your agent will consider when determining a sales price for your home. Here’s a quick overview.

- Comparable sales. One of the best guides to pricing your home is knowing what recent buyers were willing to pay for similar homes in your area. So, one of the first things your agent will do is prepare a Comparative Market Analysis (CMA). A CMA is a written analysis of houses in the community that are currently for sale, homes that have recently sold, and homes that were offered for sale but did not sell. While no two homes are identical, the report highlights only homes that most resemble yours. The CMA will include details about these properties, such as the number of bedrooms and baths, square footage, noteworthy amenities—and the listing price and sale price. The report will also include the Days on Market (DOM) for each property, which is the number of days it took to sell the home once it was listed. The CMA helps determine a price range that will be appropriate for your home.

- Unique property features. Since no two homes are exactly alike, looking at comparable sales is just one part of the equation. Many properties have distinctive features that add to their overall value when it comes to pricing. The importance buyers place on different features can vary by region, but examples might include a particularly pleasing view, artisan-quality interior detailing, outdoor entertaining space, or exceptional landscaping.

- Current market conditions. The real estate market is constantly fluctuating, and those cycles have a direct impact on pricing. Here are some of the market conditions an agent may consider when evaluating how to price a home:
  - - Are home prices trending up or down?
  - - How quickly are homes selling?
  - - Is the inventory of homes on the market tight or plentiful?
  - - Are interest rates attractive?
  - - How is the overall economy performing? Is the local job market strong or in decline?

Other factors that can impact pricing include the condition of the home, seasonal influences (i.e. summer versus winter), condition of surrounding neighborhood, local amenities, and how quickly the seller needs to move.

There are a lot of factors that go into setting a home’s sales price, but it’s by far the most critical step in the overall selling process. The best course of action is to look to your real estate agent for guidance; they have the experience and market knowledge that will help you achieve your goals and reach a desired outcome that best fits your individual needs.

Sellers • November 19, 2018

Sellers: Making the Most of your First Impressions

by Philip Cooper

As the old saying goes, you only have one chance to make a first impression. If you’re selling your home, it’s true, except that there are several impressions to be made, and each one might have its own effect on the unique tastes of a prospective buyer. I’ve worked with scores of buyers, witnessed hundreds of showings, and I can summarize that experience down to this: a tidy and well maintained home, priced right, listed with professional photographs, enhanced curb appeal and onsite visual appeal will sell fastest. We all know first impressions are very important, but the lasting impressions are the ones that sell your home. It’s not easy, but if you can detach a little and look at your home from a buyer’s perspective, the answers to selling it quickly may become obvious to you.

The very first impression your home will make is through its web presence, whether on Windermere.com, the MLS, Craigslist or any multitude of websites. Fair or not, the price is typically the very first thing people look at, and it will be the measurement by which your home is judged. You can always adjust to the right price later, but the impact is lost. It will take something dramatic to get a buyer to reassess the way they feel about the value of your home.

Closely following price are the listing photos. According to this recent article in the Wall Street Journal, professional photos will not only impact your first impressions, it may also make a difference in the final selling price. Great photos might even overcome those initial price objections. Does the exterior photo capture your home at its hi-res best? Does the accompanying text enhance or distract? Online, your home has only a few seconds to capture the home buyer’s attention. If it doesn’t, they’ll click the “Back” button and resume their search. The goal is to have buyers excitedly calling their agents to arrange a showing.

Another old saying is “Location, location, location,” and sure enough, the first live impression of your home is the location. Forget this one; you can’t move your home. There’s not much you can do about location, right? Actually, there is one thing you can do: price it right from the start.

Let’s move on to the first time a buyer sees your home as they pull to the curb out front. Go stand out at the curb and look at it the way you would if you were shopping for a home. Sometimes, a couple hours of labor and $100 worth of beauty bark can be worth thousands in the sales price. I’ve had buyers choose not to get out of the car when we pulled up to a home that they had once been excited to see.

Likewise, I’ve had buyers say they’ve seen enough simply by peaking into the front door. The nose trumps the eyes when it comes to the first impression when entering the house. Buyers get more caught up in the details. Once the home shopper is inside, it’s easy for them to get distracted and focus on something that seems to have nothing to do with the structure they will be buying, from a dirty dish in the sink to a teenager’s bedroom that’s been decorated in posters and/or melodrama. Do everything you can to set a positive lasting impression. The buyer may look at dozens of homes. What is your strategy to convince them to make an offer on yours?