Fossil Lake Beauty!

Home Sweet Home! 5762 Round Rock Ct Fort Collins, CO has a wonderful, bright, open floor plan nestled on a cul de sac in desirable Fossil Lake. Meticulously maintained by original owners, this home is absolutely pristine and move-in ready. Gorgeous custom touches and convenient built-ins throughout. Updated eat-in kitchen with island opens to 2-story family room w/ gas fireplace. Home features five bedrooms plus main floor study and separate dining room. The fully finished basement expands the living space w/ family room, flex room, storage area and kitchenette. Enjoy Colorado evenings on the large Trex deck in the professionally landscaped private backyard w/ gas fire pit. The neighborhood has pool, clubhouse and easy access to Twin Silos Park, PSD schools, shopping and restaurants. New roof, water heaters, AC, furnace, appliances, carpet, blinds, paint. Call for your private showing at (970) 310-4876  for more information or click the link below for more details.

http://windermerenoco.com/listing/113120085


Posted on August 26, 2020 at 4:40 pm
Kelly Swift | Posted in Blog, Fort Collins Real Estate, Virtual Tour | Tagged , , , , , , , , , , , , , , , , , , ,

Buyer Contemplation

New research from the National Association of Home Builders:

The number of Americans contemplating purchasing a home in the second quarter of 2020 is nearly the same as 2019’s second quarter, according to NAHB’s Housing Trends Report.

At this time last year, 12% of Americans considered buying a home. Today the number stands at 11%.

The same goes for first-time prospective buyers, where 58% considered buying a home in the second quarter of 2019 and 59% are considering it in 2020’s second quarter.

In the second quarter of 2020, Millennials are the generation most likely to want to buy a home (19%), even slightly higher than a year earlier (17%).

Boomers, on the other hand, are the least likely, with the share planning a home purchase falling from 7% to 5%.

Across regions, the share of respondents who are prospective home buyers is unchanged in the Northeast (10%) and South (12%), essentially flat in the West (13%), and just slightly lower in the Midwest (down from 11% to 9%

At Windermere Real Estate we are taking Safer at Home and Social Distancing very seriously. We are following Safe Showings protocol, staying connected to clients, and providing help wherever needed.

Millennial Couple In a House


Posted on July 28, 2020 at 3:18 pm
Kelly Swift | Posted in Buyers, Economics 101 | Tagged , , , , , ,

Rate Meaning

Mortgage interest rates have hit another record low this week.

Mortgage applications for purchases just hit an 11-year high.pale blue house with siding on a large lot with traditional windows and shutters in a subdivision in the suburbs on a bright sunny blue sky day

Rates are at a level that many people could never have imagined.

Here’s something that is surprising to many people…

Rates are 1.5% lower than they were just two years ago.

Here’s what that means for buyers…

Pretend someone is looking at a $500,000 home and they will have a 20% down payment.

The difference in monthly payment is $320 between two years ago and today.

Obviously that is a significant amount of money.

Imagine what a person could do with $320 per month.

The fact that rates are at record lows is one of many reasons that the market is so strong right now and prices continue to appreciate at healthy levels.

 


Posted on June 19, 2020 at 2:10 pm
Kelly Swift | Posted in Economics 101, Mortgage | Tagged , , , , ,

How Will COVID-19 Impact the Housing Market?

Throughout this crisis, you most likely have a lot of questions about how COVID-19 is impacting the housing market. We want to make sure to provide you with the most information that we can so you can know what to expect when buying or selling your home.

How Is the Economy Going to Be Impacted by COVID-19?

During the past few weeks, the federal government has enforced that non-essential businesses either move to work remotely or shut down completely. Throughout this past quarter, there was a large growth in the economy in January and February. Towards the end of this quarter, things decided to slow down because of businesses closing. In the next quarter, the economy is expected to contract. In order for the economy to still grow and sustain, congress needs to approve a fiscal stimulus. This includes giving loans to small businesses in order to function throughout this period of closures.

How Will the Economy Recover From COVID-19?

The economy will eventually recover from a potential recession. The question is whether or not the recovery will be on a “V” shaped recovery or a “U” shaped recovery. A “V” shaped recovery means that the economy goes down quickly then it recovers quickly. A “U” shaped recovery means that the economy goes down, languishes down for a while then slowly recovers. According to Windermere Chief Economist Matthew Gardner, the second half of this year will be significantly better than the first half.

How Does COVID-19 Affect Housing?

Home sellers are becoming increasingly cautious about listing their homes, meaning that the amount of listings is likely to decrease the remainder of this quarter and even into the next. They want to make sure that proper precautions are taking place before strangers enter their home. However, this doesn’t mean that every market nationwide will be as greatly impacted by COVID-19 as others. On the other hand, homebuyers have a different perspective than home sellers. They want to take advantage of the low mortgage rates. Those with sturdy jobs throughout this time are more likely to move than those who are still at risk of being laid off. People who have to take money out of the stock market to purchase a home are also less likely to purchase a home at this point as well. There will likely be a 10-15% contraction in home sales across the market.

Will Interest Rates Be Affected?

While interest rates did drop significantly a few weeks ago, they actually increased this past week. Many people were refinancing their homes, causing these interest rates to suddenly increase. It is still very likely that interest rates will drop again in the coming weeks.

What Will the Next Several Weeks Look Like?

The weeks and months to come are expected to be very difficult; however, there is a light at the end of the tunnel. Different markets will be affected in different ways, but many of them are only going to experience short term problems. Casinos and resorts are likely to take a larger hit because people will not be able to visit them. The second housing market will also likely take a hit because those are discretionary purchases. Our best advice is to continue to support small businesses if you have the means by buying gift cards and ordering out in order to support the industries affected.

This is an uncertain time for everyone in the world, but the best thing you can do is educate yourself. Understand where the economy stands and where it is expected to go, so you can make the best decisions for yourself and your family.


Posted on May 27, 2020 at 6:07 pm
Kelly Swift | Posted in Investing | Tagged , , , , ,

5 Small Things You Can Do to Improve Your Home Office

Amid the COVID-19 Pandemic, many of us now find ourselves working from home. While it’s hard to complain about the commute, working from home can be an adjustment. For example, you may find yourself doing tasks around the house and suddenly you’ve missed several important emails. If you feel like you need some help being more productive while working from home, here are five tips to improve your workflow.

Add Light

The best kind of light is natural light. Try setting up your workspace by a window. If that’s not possible, add a desk lamp or floor lamp to brighten your space. Not only will it help with visibility; it brightens your mood, which helps you to be more productive.

Declutter

Remove distracting clutter. Take everything off your desk that you don’t need. Store it elsewhere or use shelves on your wall to display it.

If you find yourself cleaning throughout the day, set aside time specifically for these tasks. If you’re still waking up at the same time you did when working at the office—which studies show is a great strategy when working from home—using your would-be commute time to tidy up helps avoid those periodic distractions.

Bring the Outdoors In

Bringing plants into your home is beneficial for productivity and health alike. Greenery is a natural mood booster and gives life to a room. Plants naturally purify the air, helping you breathe easy as you make your way through the workday. Try arranging both hanging and potted plants to improve the mood around your workspace.

Change Your Chair 

A chair that’s too tall, too short, or not comfortable is a fast track to back and shoulder problems that inhibit your workday and linger afterwards. Being in a stationary position for hours at a time requires the right kind of support to stay productive. Features to look for in a quality office chair include proper lumbar support, sturdy wheels, and an adjustable base that allows your shoulders to relax and your feet to rest flat on the floor.

Add Decor

It’s important to keep your home office professional and dedicated to your work. However, adding personal touches to the space will help you feel at ease. Position your work computer and phone front and center with any related work tools close by and handy. Adding pictures of loved ones, artwork, and inspirational quotes will help inspire you to generate ideas while working productively.


Posted on May 12, 2020 at 2:11 am
Kelly Swift | Posted in Housing Trends | Tagged , , , , , , , , , , , , , , ,

Four Holiday Décor Trends to Inspire You This Season

The holiday season is here and for many of us, that means it’s time to deck the halls. If you’re looking for some inspiration and a place to start, here are some ideas that are certain to get everyone in the spirit. 

 

A Tree of a Different Color

For many, there’s nothing more quintessential during the holidays than a Christmas tree decked out in ornaments. But acquiring a tree can be challenging and expensive. Moreover, housing a tree consumes time and space. That’s why we love the idea of an alternative tree. There are plenty of options you can buy online or create yourself using things you probably already have around the house. And if you miss the smell of a real tree, try a scented candle or essential oils.

The Season of Lights

There’s something perpetually charming about twinkling lights. Whether you’re wrapping them around your front porch or adorning your fireplace mantle, extra lights deliver a warm glow during the holiday season. Getting creative and adding light to otherwise unexpected places, including bookcases, around headboards, or even in glassware, is a great way to keep everything looking merry and bright.

Act Natural

Not all holiday climates are built alike. If you’re expecting a white Christmas, you’re probably used to pine trees and winter brush, but for those of you located in regions where the mercury doesn’t drop, sprinkling in natural elements can transform your home into a wintery oasis. Holly and pine needles add a traditional touch, or consider a wreath of olive branches with some sleigh bells interspersed.

Bring it All Home at Dinner

When decorating for the holidays, don’t forget the table! A sprig of holly adds a festive touch to your place settings. And instead of the traditional centerpiece, try placing candles in glass vases or mason jars to give your tablescape that added touch of holiday pizzazz.


Posted on December 9, 2019 at 10:10 pm
Kelly Swift | Posted in Homeowners, Housing Trends | Tagged , , , , , , , , ,

Remodel for the Most Resale Value

What’s the best remodeling project for your home? The answer, in part, depends on where you live. Every year, Remodeling Magazine evaluates which projects bring the most return at resale in different markets around the country in their “Cost vs. Value” report.  For the purposes of this blog, we are focusing on the Pacific states (WA, OR, CA, AL) and the Mountain states (MT, ID, UT, CO, NV).

According to Remodeling Magazine, these are the six top projects in those two regions that currently have the best return on your investment when it comes time to sell. To see the full report, click here.

Garage Door Replacement

The project with the most return from Washington State to Nevada? A new garage door.

In the Pacific States, replacing your garage door will cost an average $3,785, but will increase your resale value by $4,686, recouping 123.8 percent of what you paid for it. Homes in the Mountain States will also benefit from a garage door replacement, recouping 98.6 percent of their costs.

Due to its size, a garage door can have a big impact on a home’s curb appeal.  But adding to your home’s aesthetic is only one advantage; the warranty that comes with the new garage door is also a selling point for potential buyers who can trust that they likely won’t have to deal with any maintenance issues in the near term.

Manufactured Stone Veneer

As long as the new stone veneer is consistent with your neighborhood’s overall look, this siding is the second-best project across the Pacific and Mountain states.

Stone veneer can replace your home’s existing siding, adding a fresh, modern look that conjures a cozy vibe all the way from the street, before buyers ever step foot inside. Along the West Coast, it can recoup 110.4 percent of the cost when you sell, and Mountain states will recoup 96.5 percent of the cost.

Wood Deck Addition

While building a deck might seem like a big undertaking, it’s actually a pretty cost-effective way to positively impact your home’s resale value. Pacific states can expect to pay around $15,000 and Mountain states just above $13,000, but they’ll see 87.8 percent and 74.3 percent recouped respectively when they sell.

Adding a deck extends the living space of your home and provides even more area for entertaining, relaxing, and enjoying the outdoors.  Whether you choose a natural wood deck or a low-maintenance composite deck, you can pick from a variety of styles based on the lay of your land and the areas of your backyard you wish to highlight.

Minor Kitchen Remodel

No need to move walls or appliances around, a minor kitchen remodel will do the trick to recoup 87.1 percent of the cost in the Pacific states, and 80.3 percent in the Mountain states.

An outdated kitchen can go from drab to fab and become a focal point with a fresh palette. Replace the cabinet doors with new shaker-style wood panels and metal or metal-looking hardware. Switch out the old counter tops with laminate that matches the new look. Think about adding a resilient flooring option, then finish the project with a fresh coat of paint to the walls, trim, and ceiling.

Grand Entrance

Looking to improve your curb appeal and create an entrance that guests and homebuyers won’t soon forget? Add a fiberglass grand entrance. This project involves replacing a standard-sized front door with a larger opening with dual sidelights (glass panels). Typically costing around $8,000, Pacific states will see 85.1 percent of that recouped in the sale, and Mountain states will see 71 percent.

Siding Replacement

Depending on the size of your home, replacing the siding can be an expensive undertaking. However, it’s a project that comes with high returns. For Mountain states, sellers can expect 75.4 percent of the costs recouped, and Pacific sellers will see 84.3 percent.

Not only is siding one of the first things a buyer sees, but it also serves as an indicator of the overall health of the home. Broken or damaged siding could mean that there are other problems with the home, such as pests and rot. Replacing old siding is a cost-effective way to boost your home’s curb appeal and ensure buyers are going to walk through your front door.


Posted on December 7, 2019 at 4:37 pm
Kelly Swift | Posted in Homeowners | Tagged , , , , , , , , , , , , , , , ,

Grateful For

Here’s something to be grateful for…

Colorado’s healthy real estate market!

The research continues to show that there is no better place to own real estate over the long term than right here in our own backyard.

The Federal Housing Finance Authority tracks real estate prices in close to 300 markets across the Country. We frequently use their Home Price Index as a trusted source to study the market.

According to their data, Colorado ranks as the #1 state for home price appreciation over the long term, better than any other place.

We are thankful for that!


Posted on December 2, 2019 at 6:47 pm
Kelly Swift | Posted in Colorado Economy | Tagged , , ,

Why You Should Buy a Home at the End of the Year

If you have ever thought about owning a new home, the last two months of the year are usually the best time to make that happen.

Here’s Why…

Many builders have year-end goals and sales quotas to hit. If they have a “standing inventory” of homes that are completed but not sold, they are typically motivated to sell these homes by the end of the year.

This dynamic can be especially true for publicly-traded builders who are even more motivated to hit year-end sales numbers.

Up and down the Front Range there are beautiful new homes in fantastic neighborhoods. The builders of these homes may be happy to make concessions and provide incentives as long as you close by year-end.

We just recently helped a buyer with a very compelling incentive package from a builder which included a lower price, additional landscaping and window coverings.


Posted on November 27, 2019 at 8:41 pm
Kelly Swift | Posted in Northern Colorado Real Estate | Tagged , , , , ,

So you bought an investment property, now what?

Investing in a home is a great way to build passive income but earning from your investment will take a little groundwork to become a well-oiled machine. This is your beginner’s guide to owning an investment property so you can set up that foundation properly to avoid future headaches.

Make sure it’s livable

It’s important to start with your home inspection before you start making plans. Use the inspection report to prioritize the maintenance issues.

Before a tenant moves in, make sure the home is livable. Handle the important items that affect the livability of the property, either now or in the near future. If the inspector noticed a leak in the roof or holes that could lead to infestation, take care of those first. Other maintenance issues to prioritize are the fuel and the hot water source.

If your city has inspection and registration requirements, be sure to cross check those inspection checklists with your current property. If the property wouldn’t pass now, make sure it will pass by the time the city sees it.

Upgrade the space

Once your property is in livable condition, it’s time to upgrade. If you have any left-over budget after the necessities are handled, consider adding a bedroom or a bathroom where you can find the space. These rooms heavily impact the rental price, and the more you have the higher the price. If there’s no space for another bed or bath, think about finishing the basement or upgrading some of the appliances to make the property more attractive to potential tenants.

Use similar properties in your neighborhood as your inspiration. These units are your competition, think about what you can add, or even take away, that would help you compete. Ask yourself what about your home is unique and in what ways does that affect your rentability? If every unit in your area has hardwoods, how can you make your carpeted home appealing? Maybe new carpet? Or is switching to hardwoods, or vinyl laminate that looks like wood, worth it?

Market it to future tenants

You need two things in your listing: 1) Great Photos 2) An Amazing Description

After you’ve perfected the property, it’s time to tell potential tenants that it’s available. Creating the listing is essential in drawing eyes on the unit so you can show it to as many people as possible.

Renters looking to move are quick to make their first impression of a property with thumbnail photos on a map. So, take lots of great, bright, photos of the entire place to showcase the amenities and show potential tenants what it looks like, then choose the best photo to be the first in the lineup. Remember to get the lighting is just right to show every corner of the listing. Dark photos scare tenants away, making them think the unit is dingy and dirty. Light and bright photos show a clean home that’s move-in ready. They can imagine themselves living there a lot easier than in dark and cramped looking units.

Next, they’ll read the description. This is again where other listings in your area can help you.

Read other listings to structure your description and to draw inspiration on what tenants might think is important. Find the selling points and emphasize those above the unique features, especially if those unique features are obvious in the photos.


Posted on November 22, 2019 at 1:00 pm
Kelly Swift | Posted in Investment Properties | Tagged , , , , , , , , , , , , , , , , , , , , , , ,