Get Saving with Spring Break Deals! Save up to $20 off flights & hotels with promo code BREAK20 Book Now!

Housing in 2018: Where Are Home Values Headed?

via Housing in 2018: Where Are Home Values Headed?

Meeting about an assisted living facility we have under contract with a potential investor who has "8 million" currently earning a "guaranteed 5%", the inevitable subject of overvaluation came up, to which my response was, not quite.

Buoyed by many positive trends, such as the nation's first Olympic museum, projections of our being the nation's cyber security capital, expansion of direct flights to and from the Colorado Springs airport and more, there's also this:

 

http://www.corelogic.com/about-us/researchtrends/corelogic-home-price-insights.aspx?WT.mc_id=crlg_171205_C6yzN#

Historically just a few years behind the Denver MSA, which may have plateaued as of this writing, it seems the Colorado Springs market has up to 5 years of upswing left.

Specializing in locating, analyzing, acquiring and management of quality rental assets, we are standing by and have significant experience helping investors build long-term wealth with real estate. Please contact us at 866-6REALTY or 303-242-2980 for the personalized attention you deserve.


A Better Return on Investment

[wysija_form id="1"]

According to Remodeling's 2016 Cost vs. Value Report, you'll recoup an average of 64% of what you paid for a renovation if you sell your home this year.

Source: 10 Home Renovations That Offer the Best (and Worst) Return on Investment - Real Estate News and Advice - realtor.com

Return on Investment

We've previously discussed Return on Investment (ROI) about how much more (or less) than an asset's cost it is (or will be) worth at resale. It went a little something like this.

ROI

OK. The same concept of ROI applies, perhaps but not always on a lesser scale, to the effect of improvements made after purchase to the resale value of that asset.

Many (not all) buyers want gorgeous granite, jacuzzi tubs, bedroom fireplaces and similar creature comforts. And where these add great value...prestige, will they amount to a dollar for dollar increase in financial value? It depends.

Remodeling Values

It's never good to have the most expensive house in the neighborhood. First, they can stand out like the a Taj Mahal near Quonset huts. Gaudy is definitely not good, IMHO. Worst, pride in ownership can be a bitter pill to swallow when no one cares how much that Italian marble tub cost. When it comes to comparable values, a tub's just a rub-a-dub-dub. Sorry, couldn't resist.

Quickly. What is relatively worth more, adding attic insulation or a bathroom that will relieve congestion come school time? Before we tell it, understand you'll recoup about 67% of improvements on average. Drum roll, please...

Attic insulation, by a long shot of 2:1. Sad but true. Dollarphotoclub_81671951 - Down Payment Assistance

Rehab Loans - Pennies from Heaven

So be careful what you ask for, you might not get it. Unless it's help to pay for remodeling projects on that would be perfect home were it not for the host of improvements needed to make it your castle, whether necessary or not.

With Fannie Mae's and Freddie Mac's HomeStyle Renovation and FHA's 203k loans, it is relatively easy to turn that ugly house into the nosy neighbor's bane of existence.

Energy Efficiency Assistance

How about we add energy efficiency upgrades to our efforts and receive up to $8,000 in help to do so?! This is HOT! No pun intended. Learn more here.

Thanks for reading. Let us know how we can help?


Energy Efficiency Assistance

Dollarphotoclub_72894076 - energy efficiency small

Energy Efficiency Assistance

As an incentive for new and existing homeowners to buy homes with high energy efficiency ratings or make upgrades (furnace, insulation levels, windows, etc.) to an existing home, the state of Colorado is offering up to $8,000!Dollarphotoclub_81671951 - Down Payment Assistance

Qualifications

  • New or existing homes (existing homeowners OK)
  • Lender must reserve the incentive amount before closing
  • Energy upgrades completed within 120 days of purchase

Additional Down Payment Assistance Programs

There are hundreds, if not thousands of extra programs that help with adapting homes for folks with disabilities, down payment. closing and other costs. Check them all out here!


Hot Properties 01/13/16

Hot Properties

 

 

 

 

 

Download the PDF file .


Return On Investment (ROI)

 

RE ROIReturn on Investment (ROI)

According to Investopedia, ROI measures the amount of return on an investment relative to the investment’s cost. To calculate return on investment, the return of an investment is divided by its cost with the result expressed as a percentage:

ROI

Real Estate ROI PPAR Average_Median Sales Price Chart dec 2015

Compared to precious metals (silver, gold), stocks and bonds, at 6.8% real estate provides the highest ROI on a national scale. Not to be confused with ROI, consider the Pikes Peak market saw a 8% increase in average sales prices from December 2014 - December 2015.

Make Money When You Buy

Not that it is risk free, but with variables such as appreciation, comparative property values, income history and such accounted for with relative certainty, in real estate it is said the money is made at the time of purchase, not so much at its sale. It is no wonder more millionaires have been made in real estate than anywhere else and with careful analysis, you could be the next!

Hot PropertiesWith access to every home listed in the area, we analyze and maintain a database of properties sold as-is which include short sales, estate sales and bank owned properties available at all times. Just click the image to the left for your free download.

Thanks for reading. We look forward to serving your current or future real estate needs.


Sell Your House For More

[wysija_form id="1"]

Every homeowner wants to make sure they maximize the financial reward when selling their home. But, how do you guarantee that you receive greatest value for your house? Here are two keys to insuring you get the highest price possible. 1. Price it a LITTLE LOW. This may seem counterintuitive...

Source: Sell Your House For More


Sell Your House – Fall 2015

[wysija_form id="1"]

Slide1

[wpdm_package id='3208']

With our incredible guide to selling your house, you will learn expert strategies that will help sell your home faster and for more profit including:

  • Five reasons it really is a good idea to sell in the fall
  • The importance of using an agent
  • Pricing it to sell from the beginning
  • And more!

Don't miss out on one of the last opportunities we'll have this year to sell your house. Download your free guide today!


Buying A Home SCARY

Residential Growth Still Strong

Residential development continues to expand.

Source: Economy Watch: Residential Growth Still Strong—Especially Apartment Development | Multi-Housing News Online


Mortgage Rates at 6-Month Lows

PartnershipMortgage rates continued lower today, largely getting caught up with yesterday's underlying market movements. Lenders were likely being cautious due to prospects for volatility in today's trading, not to mention the increased volatility seen on Tuesday and Wednesday. All things being equal, rates will

Source: Mortgage Rates Back Down to 6-Month Lows

[wysija_form id="1"]


s2Member®
Social Media Auto Publish Powered By : XYZScripts.com