10 Ways to Increase Your Home’s Value

Small House on Stacks of Hundred Dollar Bills Isolated on a White Background.

Whether you want to sell your home now, or well… never, it is always a good idea to increase the value of your home.  Here are 10 smart ways to maintain and improve your home value.

1)  Let There Be Light – Lighting can enhance a home’s appeal in many ways.  Soft lighting brings warmth to empty spaces, while high wattage bulbs can make small spaces feel larger.  If your home doesn’t get enough light, solar tubes are an attractive and energy-efficient way to bring in natural light (and are much cheaper than skylights!)

2)  Don’t Procrastinate on Care and Maintenance – Before you undergo the costly vanity upgrades, like your new custom kitchen, do the necessary stuff first… like fixing leaks, insulating the attic, fixing problematic gutters, replacing old windows, and such.  I know it’s not fun, but these items will quickly increase the value of your home, as well as make it much easier to sell.

3)  Do Your Pruning and Landscaping – Unruly trees and bushes can block the front view of your home and if they can’t see it, they won’t buy it.  Landscaping does make a difference as well.  Often, spending a few hundred dollars can bring you much larger returns.  Not to mention, if you don’t maintain your large trees, fallen branches could cost a great deal in damages.

4)  Create Space – Open-floor plans and large spaces are quite popular these days and buyers want homes to “flow.”  So, check with a structural engineer and knock down that non-structural wall!

5)  Upgrade Your Front Entry – If your home does not have an overhang or awning over the front door, many buyers notice immediately.  No one wants to be in the rain while shuffling for their keys.

6)  Replace or Repair Your Flooring – Replacing the flooring will often pay returns during your home sale.  If replacement is not necessary, like in my home where Pottery Barn wishes they had my original hardwood floors, a few well-placed nails can help to eliminate squeaks.  It is also very worth it to replace broken tiles.

7)  Do Some Cheap and Easy Bath Upgrades – If you are ready to sell your home, but don’t want to do a costly bathroom overhaul, spend $500 on a bathroom facelift.  Remove rust stains, apply fresh caulk, update doorknobs and cabinet pulls, clean the grout… probably wouldn’t hurt to get a new toilet seat!

8)  Neutral Wall Colors – Most brokers recommend neutral wall colors.  I do if you already need to update your paint.  If your more colorful paint is fresh and you genuinely think there are many people who would appreciate it, go ahead and try to sell.  Before I was a realtor, I sold my home and my realtor recommended I repaint my walls neutral colors.  I did, and when I stopped by my former house several months later to see if the new owners had a piece of my mail, they had painted my living room almost the exact color that it was before I changed the paint to neutral!  On the flip side, most realtors have had buyers who didn’t want to purchase a home because of the paint color and they couldn’t visualize the home repainted.

9)  Eliminate “Potential Issues” – Have a friend come over and let you know everything that pops out about your home that could potentially be wrong, such as a broken step or way outdated wallpaper.  If buyers see too many issues that raise their eyebrows, they will be more hesitant to make an offer.

10)  Green, Green, Green – Green homes sell faster and for more money.  Make sure you have proper insulation.  If your heating, air conditioning, or water heater need to be replaced, new ones are often 30-40% more efficient, and even more so when you purchase ENERGY STAR appliances.  I always point it out to my clients when homes have new heaters and water heaters, because it is something they won’t have to worry about for a few years.

Is a 203(k) Loan Right for You?

green paint and paint supplies ready to do home improvement

FHA’s Streamlined 203(k) program permits homebuyers and homeowners to finance up to $35,000 into their mortgage to repair, improve, or upgrade their home. Homebuyers and homeowners can quickly and easily tap into cash to pay for property repairs or improvements, such as those identified by a home inspector or an FHA appraiser. Homeowners can make property repairs, improvements, or prepare their home for sale.  Homebuyers can make their new home move-in ready by remodeling the kitchen, painting the interior or purchasing new carpet.

This could be very useful for you if you don’t mind buying a home that may not be move-in ready or would like to have the home customized to your taste… that’s right, the kitchen and bathroom would be designed by you.  For those of you who are passionate about sustainable living, the 203(k) loan could utilized to do green upgrades, such as energy-efficient windows, ENERGY STAR appliances, high-efficiency furnace with sealed ductwork, and solar panels.

The Section 203(k) program is FHA’s primary program for the rehabilitation and repair of single family properties. As such, it is an important tool for community and neighborhood revitalization, as well as to expand homeownership opportunities.

Note:  It is recommended to use a 203(k)-approved contractor for improvements.

Conscious Real Estate Partners with PlatteForum

platteforum-photo

Conscious Real Estate is proud to announce a partnership with award-winning Denver nonprofit, PlatteForum. PlatteForum is an innovative nonprofit arts, youth-development, and urban artist-in-residence program in Denver that teams underserved youth (K-12) from around the Denver metropolitan area with contemporary master artists in intensive, structured, and long-term creative learning environments.

In 2002, Judy Anderson and Mark Smith (East West Partners) co-founded PlatteForum in Denver, Colorado, to address diminishing access to the arts in public schools and provide a place for artists to have the time and support to create new work.  Youth work side by side with resident artists to collaboratively plan, produce, and exhibit a body of work in an environment in which artistic excellence is highly valued.  Through the creative process, PlatteForum gives hope and direction to underserved youth who collaborate with master artists from around the world.  This experience transforms the lives of the youth, the artists and the community.

PlatteForum welcomes the public to their events, it’s a great place to volunteer, and creative workshops are led by professional artists… with cocktails, or you can make a donation.  As always, you can remind your friends and family that when they sell or purchase a home through Conscious Real Estate, 10% of our agent’s commission can go to PlatteForum to help underserved youth and lend to the vibrancy of our community.

Colorado Energy Saving Mortgage Program – 2013

 

Hands holding clear green meadow with sun battery block, wind mill turbines and countryside house. Concept for ecology, alternative energy, freshness, freedom. Green fields collection.

On May 28, Governor Hickenlooper signed into law the Colorado Energy Saving Mortgage Program.  Under this program, a homebuyer purchasing a new or renovated Zero Net Energy (ZNE) home is eligible for an $8,000 reduction on financing the total cost of their home mortgage.  A ZNE home produces as much energy as it consumes.  A new or renovated home that has a HERS rating greater than HERS* 0, but less than HERS* 50 will also receive a mortgage reduction incentive.

In addition to the mortgage incentive, homebuyers will benefit from lower energy bills, which can be used to offset the cost increase of a ZNE home.  For example, $30,000 in improvements on a 2,200-square-foot home after the $8,000 incentive would require an additional $94.53 in mortgage payments each month.  However, the monthly energy savings would be $154.00.  That’s a net savings of $59.47 a month.

Under this new program, a homebuyer can receive an $8,000 incentive and purchase a zero net energy home that is worth substantially more at a lower annual cost than an equivalent non-ZNE home.

With this attempt to move our Colorado housing market to ZNE homes, this movement should create more construction jobs, as well as increase state and local government tax revenue.  According to the analysis conducted by Architecture 2030, each $1 million in incentives will generate:  $16.22 million in direct spending, $16.49 million in indirect and induced spending, and $1.92 million in state and local government tax revenue.

*The HERS Index is the nationally recognized scoring system for measuring a home’s energy performance.  The HERS Index Score can be described as a sort of miles-per-gallon (MPG) sticker for houses, giving prospective buyers and homeowners an insight as to how the home ranks in terms of energy efficiency.  A HERS Index of 100 represents the energy use of the “American Standard Building” and an Index of 0 (zero) indicates that the building uses no net purchased energy.  The lower the value, the better.

Conscious Real Estate Partners with Yard Harvest

 

Fruit apples red

A good nonprofit seeks to solve problems with creative solutions.  Denver nonprofit, Yard Harvest does just that.  Yard Harvest connects with local homeowners who have a surplus of produce on their fruit trees and vines.  Volunteers harvest the produce, leave a portion with the homeowners, and deliver the rest to daycare centers, homes for the elderly, community kitchens, and other charities that serve people around Denver who are at risk of going without fresh, healthy food.  They also partner with organizations that conduct educational workshops with the produce, providing much needed skills such as canning, cooking, and otherwise preserving and preparing fresh, healthy food.  In 2012, they delivered 3000 pounds of fruit to a variety of organizations.

If you would like to participate in the efforts of Yard Harvest, you can register your yard for harvest, volunteer, or donate.  Or, if you know of a nonprofit who could distribute the fruit to people in need, you may contact Yard Harvest to receive produce.  As always, if you or someone you know is buying or selling a home, Conscious Real Estate contributes 10% of every commission to nonprofits, and we would love the opportunity to support the efforts of Yard Harvest.

Tips on Making a Home Firewise

firewise-infographic

I am deeply saddened by this year’s Black Forest Fire in Colorado Springs.  As a real estate agent, I like to help people find their home and it cuts me deeply to see people lose their homes.

While fire-proofing a home in its entirety is unlikey, efforts can be made to make a home more “fire-wise.”  Several options are available when building a new home, or even when renovating a home.  Everything from landscaping to building materials to detailing and systems affects how your home performs in a fire.

Some important factors to consider when living in a heavily-wooded, fire-prone area are:

-Landscaping

-Non-combustible exterior finishes

-Tempered Glass Windows

-Sprinklers (Interior and/or Exterior)

-Controlled Ventilation System

-Fire-safe detailing

For more information, click here.

If you would like to help the victims of the Black Forest Fire, the Care & Share Food Bank of Southern Colorado is helping people who have lost their homes.  The Red Cross is running shelters for the victims of the Colorado wildfires and are asking for financial donations.  The Pikes Peak Community Foundation is also taking donations, for the group’s Emergency Relief Fund, which will benefit non-profits, first responders, and other agencies providing local disaster relief.  For pets affected by the fire, the Humane Society of Pikes Peak says it currently has the volunteers and resources it needs to help families and pets, but monetary donations will help pay for rescues and other needs.

Please take care.

Rocky Mountain Highs – Information for Summer Hiking in Colorado

dogs-and-me-from-back-remixed
    One of the many qualities that makes Denver such an amazing city to call “home” is our close proximity to the beauty of the Rocky Mountains.  Perhaps that’s one reason the Denver economy and housing market have outpaced those in states given what a desirable city we live in!
     As summertime temperatures bring and end to much of our snow pack and the mud season that temporarily follows, now is the perfect time to begin getting out and taking advantage of all that make the Rockies so majestic–particularly as wildflowers begin to bloom and long summer days await.  The Rockies are quite impressive indeed and boast more land mass above 10,000 feet than any other state, in addition to the Continental Divide and 55 peaks exceeding 14,000 feet–know commonly as “14ers” among locals, of course.
For those ambitious enough to want to conquer any of Colorado’s 14ers, you’ll definitely want to be in good physical condition, carry proper layers of clothing and plenty of water, and get an early start to avoid afternoon thundershowers. Detailed directions, trailhead information and current conditions can be found on the “official” 14ers website.

Man stands alone on top of a mountain

    If wanting to enjoy the beauty of the great outdoors a bit closer to home, there are plenty of scenic hikes to enjoy right in our own backyard that range from relaxing to challenging.
     And if you prefer the company of your 4 legged friends, there are quite a few off-leash trails that are dog friendly in the Denver area.  Boulder County also has a number of off-leash hiking trails for dogs who have received a “green” tag from the local Animal Control for demonstrating basic dog obedience and call/response capabilities.
     Finally, another great resource for those of you seeking maps, trail books, or detailed in-person information on day or overnight hiking trips is the US Forest Service Desk located within the REI flagship store downtown Denver.
     We hope to see you all out there enjoying a trail soon!

Denver Housing Market – Summer 2013

The houses

As our much anticipated summer kicks off, the Denver housing has become increasingly hot! 

Anyone currently buying a home in the Denver market no doubt has noticed how quickly things are selling, with multiple offers being made and accepted within a day of two of listing.  Many recent home sales have sold above asking price as the result of bidding wars.  All of this is the result of an influx of new home buyers and a shortage of sellers within the local market.

Denver’s Chief Economist, Jeff Romine, reports that 12,250 new jobs were created in 2012, unemployment has dropped almost 2% since 2011, construction is on the upswing, and consumerism has shown significant evidence of an increase.  Oh yeah, and he reports that Denver’s housing market is among the strongest in the nation with home values up 8.3% from last year.  Yes, Denver’s economy has improved. 

In fact, Denver’s economy never took as hard a hit as many U.S. cities during the recession.  Couple this with the fact we have a fun, healthy city adjacent to the majestic Rocky Mountains attracting a population of active professionals, and it should be no surprise that housing demand has been on the rise. 

So… what does this mean for home buyers and sellers?

For buyers, “sleeping on it” may not be the best approach to deciding on whether to submit an offer on your dream home.  I have had recent experiences with clients who saw a home they loved only to have missed out on the opportunity by simply taking a night or two to think things over.  It is imperative to be pre-qualified for financing and have earnest money available to submit an offer immediately when the right home presents itself.  Buyers will also gain a huge benefit by having a realtor represent them who has access to industry databases that provide immediate updates with new listings and comparable sales data that may not be available on public sites.  To the extent that bidding wars have become commonplace, having a realtor advise you utilizing their familiarity with market statistics may also prove key in making a reasonable and successful offer.  Buyers should also be aware that mortgage rates have increased recently as a result of a strengthened national economy and that there is speculation the Federal Reserve Board is contemplating an increase to the prime rate, meaning that historically low interest rates could soon increase.

For sellers, the strengthened economy, increase in local housing demand and prices, and short supply has created the most seller-friendly environment Denver has seen in ages!  Yet not many people are selling their homes.  Perhaps Denver’s home-owners haven’t received the memo that housing prices have surged 10-20%, or remain hopeful they will continue to appreciate.  Maybe the recession has made people more cautious, so they are reluctant to sell and upgrade to a larger home and mortgage payment.  Maybe folks finally got the color of that accent wall right and they don’t want to mess with a good thing.  Whatever the case, prices have continued to rise and comparable statistics from recent sales over the year or so may not be applicable to current valuations, making it important that you work with a knowledgeable real estate professional.  It is also possible that rising housing prices could eventually plateau given the influx of new large scale construction occurring in the Denver metro area, such that increased housing prices may not continue indefinitely and there has never been a better time to sell.

If you are considering buying or selling, I’d look forward to discussing your situation and assisting you in any way possible. Please call Allison at 303-908-9873 or email [email protected]

10 Easy Ways to Green Your Home

Conceptual green grass house isolated on white

There many ways to green your home, but maybe you don’t have the time and money to implement all of them.  If you are short on time and/or money, here are some ways you can improve your energy bills quickly.

Choose Energy Star Appliances

If any of your appliances are more than ten years old, the EPA suggests replacing them with Energy Star appliances.  Appliance use comprises about 18% of your homes total energy bill, with the refrigerator using 6% just by itself.  (If you still have the old fridge running in the garage, the EPA states that getting rid of it could save you 150 dollars a year!)  Energy Star appliances use 10-50% less energy and water than standard models.  Energy Star’s website reports that if just one in ten homes used energy-efficient appliances, it would be equivalent to planting 1.7 million new acres of trees.

Control the Temperature

Almost half a home’s energy consumption is due to heating and cooling.  Each degree below 68 degrees Fahrenheit during colder weather saves 3 to 5% more heating energy.  78 degrees is recommended for warmer weather.  A programmable thermostat will make these changes for you automatically.  Also, consider a new furnace.  Today’s furnaces are about 25% more efficient than they were in the 1980s.  (Also, look for Energy Star furnaces.)  Clean your furnaces air filter monthly during the winter.  During hot summer months, shade your east and west windows and delay heat-generating activities such as using the dryer until evening.

Save Water

Placing an aerator on your faucets will cut your water consumption by 50%.  Install low-flow toilets, which use only 1.6 gallons per flush, compared to 3.5 gallons per flush for pre-1994 models.  If your toilet is an older model, adjust your float valve to admit less water into the toilet’s tank. Behavioral changes also add up quickly: using a broom instead of the garden hose to clean your driveway can save 80 gallons of water and turning the water off when you brush your teeth will save 4.5 gallons each time.

Clean Green

This may cost more, unless you choose to make your own household cleaners.  However, it’s worth it.  I personally have always gotten headaches from using conventional household cleaners. Choosing environmentally friendly cleaning products — and removing toxic ones — goes a long way towards ensuring a home with fresh, clean air. Clean air renews and rejuvenates; it doesn’t pollute our lives or the environment. Living in a less toxic home, removed from neurotoxic chemicals, improves sleep and concentration, makes babies less fussy, and gives a sense of well-being. Your household’s toxic burden on the environment will be significantly reduced by following these steps, and this too can bring peace of mind.

Utilize Energy-Efficient Lighting

According to the Department of Energy, if every American home replaced just one incandescent light bulb with one Energy Star CFL bulb, we would save enough energy to light 3 million homes for year, save 6 million in annual energy costs, and prevent 9 billion pounds of greenhouse gas emissions per year equivalent to those from about 800,000 cars.

LED light bulbs are even more energy-efficient and long-lasting than CFL bulbs, though have been slower to catch on due to cost.  But if you think of this way, if you place an LED bulb in your child’s room when your child is an infant, you probably won’t have to change the bulb until your child goes to college.

Use Less Paper

Remove yourself from junk mail lists. Each person will receive almost 560 pieces of junk mail this year, which adds up nationally to 4.5 million ton. About 44% of all junk mail is thrown in the trash, unopened and unread, and ends up in a landfill. To stem the flow into your own home, contact the Direct Marketing Association’s Mail Preference Service at P.O. Box 643, Carmel, NY 10512, or download the online form.  Buy unbleached paper. Many paper products, including some made from recycled fibers, are bleached with chlorine. The bleaching process can create harmful byproducts, including dioxins, which accumulate in our air, water and soil over time.  Also, carry reusable bags to the store to avoid using paper or plastic store bags.

Choose Green Options for Hardwood Floors

Bamboo is considered an environmentally friendly flooring material due to its high yield and the relatively fast rate at which it replenishes itself. It takes just four to six years for bamboo to mature, compared to 50-100 years for typical hardwoods. Just be sure to look for sources that use formaldehyde-free glues.

If you live in Colorado, an even greener option is beetle-kill pine.  If you have been to the mountains in the past few years, you will have noticed an immense amount of trees killed by beetles.  This wood is completely usable for flooring and has beautiful grays and blues running through the grain of the wood.  Also, you don’t have to worry about the energy costs to ship it from another country; it’s right here.

Reduce plastics

Each year, Americans throw away some 100 billion polyethylene plastic bags — from grocery and trash bags to those ultra-convenient sandwich bags. Unfortunately, plastics are made from petroleum — the processing and burning of which is considered one of the main contributors to global warming, according to the EPA. In addition, sending plastics to the landfill also increases greenhouse gases. Reduce, re-use and recycle your plastics for one of the best ways to combat global warming.

Use Healthier Paint

Conventional paints contain solvents, toxic metals and volatile organic compounds (VOCs) that can cause smog, ozone pollution and indoor air quality problems with negative health effects, according to the EPA. These unhealthy ingredients are released into the air while you’re painting, while the paint dries and even after the paints are completely dry. Opt instead for zero- or low-VOC paint, made by most major paint manufacturers today.

Garden Green

First, use compost instead of synthetic fertilizers. Compost provides a full complement of soil organisms and the balance of nutrients needed to maintain the soil’s well-being without the chemicals of synthetic fertilizers.  Healthy soil minimizes weeds and is key to producing healthy plants, which in turn can prevent many pest problems from developing to begin with.

Use native plants as much as possible. Native plants have adapted over time to the local environment and support native animals. They also use less water and require less of your attention.

Stop using chemical pesticides. American households use 80 million pounds of pesticides each year, according to the EPA. These toxic chemicals escape gardens and concentrate in the environment, posing threats to animals and people, especially children.

If you are in Colorado, opt for xeriscaping.  A xeriscape promotes creative approaches to water conserving landscapes by helping people improve their landscapes and to reduce the need for water, maintenance and other resources.  For most of the western United States, over fifty percent of residential water used is applied to landscape and lawns. Xeriscaping can reduce landscape water use by 60% or more.

Conscious Real Estate Loves Denver Farmers’ Markets

Fresh assorted vegetables in boxes on farmer's market

As we kick-off the summer, one of the many things we have to look forward to are the numerous farmers’ markets held throughout the Denver metro area.  Conscious Real Estate loves farmers’ markets, as they provide a great opportunity to pursue healthy living through fresh and organic food, while supporting our local farmers and the “locavore” movement—which benefits our environment by lessening the distance produce travels from its source and increased organic farming.

In addition to fresh produce, farmers’ markets also offer plenty of delicious baked goods and craft foods, and other unique specialty items of interest along with various entertainment and family-friendly festivities.  Farmers markets also provide a great way to explore the character of neighborhoods which you might be considering for a new home.

The following are a list of Denver area Farmers’ Markets worth a visit!

Cherry Creek Fresh Market

When: Saturdays, May 4 – October 26, 8am – 1pm & Wednesdays June 19 – September 25, 9am – 1pm.

Where: E.  1st  Ave & University Blvd., Denver

 

City Park Esplanade Fresh Market

When: Sundays, May 12 – October 27, 9 am – 1 pm

 Where: E. Colfax Ave. & Columbine St., Denver

 

Highland United Neighbors Farmers’ Market

When: Saturdays, June 1 – October 12, 9 am – 1 pm

Where: 1500 Boulder St., Denver

 

South Pearl Street Farmers’ Market

When: Sundays, May 19 – November 3, 9 am – 1 pm

Where: On the 1500 block of Old South Pearl St., between Florida Ave. and Iowa Ave., Denver

 

Stapleton Farmers’ Market

When:  Sundays,  June 16 – October 13, 8:30am – 12:30pm

Where: Founder’s Green next to the intersection of E. 29th Ave. and Roslyn St., Denver

 

The Market at Belmar

When: Sundays, June 2 – August 15, 10 am – 2 pm

Where: Alaska Dr. and Teller St., just east of Alameda Ave. and Wadsworth Blvd., Lakewood

 

Littleton Farmers’ Market

When: Wednesdays, 10am – 3pm, June 12 – October 30

Where: Aspen Grove, 7301 S. Santa Fe Dr., Littleton

 

Highlands Ranch Farmers’ Market

 When: Sunday, 10 am – 2 pm, May 5 – October 27

Where: HR Town Center, 9288 Dorchester St., Highlands Ranch

 

Wheat Ridge Farmers’ Market

When:  Wednesdays, 10am – 3pm, June 13 – October 24

Where: 4252 Wadsworth Blvd., Wheat Ridge

 

Aurora Farmers’ Market

When:  Mondays, 10am – 3pm, June 17October 28

Where:  Havana Exchange, 2712 S. Havana, Denver

 

Boulder Farmers’ Market

When:  Saturdays; 8am-2pm, from 1st Saturday of April to 3rd Saturday of November

Wednesdays; 4pm-8pm, from 1st Wednesday of May to 1st Wednesday of October

Where:  13th Street, betwen Canyon and Arapahoe, Boulder