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New Custom Home

1270 Fallen Tree Road: Don’t miss this brand new custom home in the established Woodmoor neighborhood! This beautiful home sits on almost 3/4 acre fully treed lot for that wonderful Colorado style living. This rancher has the perfect layout as it greets you with a formal dining room, office space, and open concept great room with floor to ceiling fireplace!

You’ll love the gourmet eat-in kitchen with its beautiful quartz counter tops, Kitchen Aid appliances, gas range, tile back splash, under cabinet lighting, large breakfast nook, and backyard access.

The main level finishes off with vaulted ceiling master bedroom with a gorgeous 5 piece master bath and walk in closet, second bedroom, and full bath, and main level laundry with mudroom!

The basement is where the fun begins with an enormous rec room with another stone fireplace, half bath, granite topped wet bar that includes mini fridge and wine fridge! There is also two additional bedrooms with Jack ‘n Jill bathroom, and a large bonus room if you just need that extra space for hobbies or storage.

Even the over-sized 3 car garage won’t disappoint with hot and cold water spigot and 8 ft tall garage doors for all the toys! No detail was missed with granite counter tops and custom tile work in all bathrooms, engineered 6 1/2″ oak hardwood floors on the main level, central vac, trex decking out back with gas line for the grill, fully landscaped with sprinkler prep and dual zone furnace with A/C + humidifier!

Close to I-25, shopping, schools, parks, and neighborhood lake! You’ll even have plenty of options at The Country Club at Woodmoor with its 18-hole Championship Golf Course, 4 heated hard-indoor tennis courts, indoor and outdoor swimming pools, a full-service bar and grill, and fitness center offering yoga, pilates, spin classes, Nordic Skiing and More!

Click here for more information

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Stunning Property Loaded with Upgrades.

2933 Del Mar– Check out the loaded home boasting remodeled bathrooms, new furnace, water heater, and electrical panel! Main level living with hardwood floors throughout including main level to include the master and second bedroom. Enjoy the updated kitchen with new maple cabinets, new counter tops and walkout access to the back patio. Bright and open basement has tons of flexible space with a great room and two additional bedrooms. Huge backyard, mountain views, storage shed and more. See it today!!!

Conveniently located for work or recreation close to HWY-24 providing easy access to the mountains, as well as I25 and with it Denver and Pueblo. Enjoy the great Colorado outdoors with lots of local parks and golf courses. Close to downtown with a variety of restaurants and entertainment.

http://719-539-1000https://www.buywithbrandon.com/property-details/2933-DEL-MAR-CIRCLE-COLORADO-SPRINGS-CO-80910/6335309/68/

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Renting or Owning, What Is Better for You?

In a real estate market where home prices are rising, many have begun to reexamine the idea of buying a home, choosing instead, to rent for a while. But often, there is a dilemma: should you keep paying rent, knowing that rent is rising too, or should you lock in your housing cost and buy a home?

Let’s look at both scenarios and analyze the pros and cons of each:

Renting

With the housing market crash in 2008, many homeowners lost their homes and became renters. According to Iproperty Management, “the number of households renting their home … rose from 31.2% of households in 2006 to 36.6% in 2016”.

Some choose to rent because it is more convenient for their lifestyle. Those whose job requires frequent moves need the flexibility that a 6-12 month lease agreement gives them so they can move to their next assignment!

Many renters believe that renting is cheaper because they do not have to pay for maintenance and repairs. (Not true! Landlords work those expenses into your rent and other fees). Another reason many rent is that they feel like they cannot afford the down payment and closing costs required to buy a house, due to their inability to save much after paying their monthly expenses.

That can be true! Nearly 1 in 4 renters spend at least half their household income on rent. In 2017 the “severely” burdened renters’ rate was 24.7% with 24.9% reporting they were “moderately” burdened.

Renting or Owning, What Is Better for You? | MyKCM

Renting also brings some financial disadvantages. Homeowners can take advantage of tax deductions that let them claim their property taxes and mortgage interest. Additionally, there is a big risk that your rent will go up every time you renew your lease, as we know the median asking rent has been increased steadily since 1988!One of the major challenges with renting is that you don’t have a space to call your own. When you rent, you are paying your landlord’s mortgage, and therefore they are the beneficiaries of the equity gained from paying that mortgage.

Now let’s explore the other side: Homeownership

In the past, we have mentioned the many financial and non-financial benefits of becoming a homeowner. So, let’s just focus on the one big difference between renting and owning, the ability to lock in your housing cost!

Assuming you will have a fixed-rate mortgage, your costs are predictable! You will know exactly what your mortgage payment will be for the next 15-30 years. The homeownership rate in 2018 was 64.4%, and has been on the rise. Those households locked in their housing cost rather than wait for their landlord to raise their rent again!

What are the disadvantages of owning a home? Well, it is a long-term financial commitment! It is not easy to pack quickly and move. You will need time and good planning to do it in a short amount of time.

You need to save your money! Getting a mortgage requires a down paymentclosing costs, and moving expenses. Again, that will require some savings and planning!

Unless you have a homeowner’s association (HOA) (and you pay an HOA fee) or a home warranty, you will be responsible for maintenance and taking care of the home. This may range anywhere from regular landscaping to major repairs.

Bottom Line

Like everything in life, there are pros and cons. What is better for you depends on your situation! If you are interested in becoming a homeowner and want to discuss the pros and cons, let’s get together to help you review your current situation and answer any questions you may have!

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How Home Ownership Delivers Unsurpassed Family Wealth

There are many financial benefits to homeownership, but probably none more important than its ability to create family wealth.

How Housing Matters is a joint project of the Urban Land Institute and the MacArthur Foundation. It is an online resource for research and information on how homeownership contributes to individual and community success.

Their article, The First Rung on the Ladder to Economic Opportunity Is Housing, explains the importance of homeownership to a family’s financial health. In that article, they simply stated:

“The ladder to economic success can stretch only so high without the asset-building power of homeownership.”

To this point, National Association of Realtors’ (NAR) Economists’ Outlook Blog revealed in a recent post:

“Housing wealth contributes positively to the homeowner’s and children’s economic condition, because home equity can be tapped for expenditures such as investing in another property (which can generate rental income), home renovation (which further increases the home value), a child’s college education, emergency or major life events, or expenses in retirement…

Housing wealth (or net worth or equity) is built up over time via the home price appreciation and the principal payments that the homeowner makes on the loan.”

Here is a graph showing the build-up of wealth over time:How Homeownership Delivers Unsurpassed Family Wealth | MyKCMJust last month, NAR’s Chief Economist, Lawrence Yun, explained that even though home appreciation has slowed, homeowners are still building wealth:

“Homeowners in the majority of markets are continuing to enjoy price gains, albeit at a slower rate of growth. A typical homeowner accumulated $9,500 in wealth over the past year.”

Later in life, this wealth is crucial…
This wealth is important to a family’s retirement plans. In a recent report from the Joint Center for Housing Studies at Harvard University titled, Housing America’s Older Adults 2018, they revealed that a renter 65 years old or older has a net worth of $6,710. Meanwhile, a homeowner 65+ years old has a net worth of $319,200. That huge difference will allow for a dramatic upgrade in one’s lifestyle during your retirement years.

Bottom Line
Homeownership builds wealth. This, in turn, allows families to have more and better options when it comes to their children and their life in retirement.

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The Feeling You Get from Owning Your Home

We often talk about the financial reasons why buying a home makes sense. But, more often than not, the emotional reasons are the more powerful and compelling ones.

No matter what shape or size your living space is, the concept and feeling of home can mean different things to different people. Whether it’s a certain scent or a favorite chair, that feeling of safety and security you gain from owning your own home is simultaneously one of the greatest and most difficult to describe.

Frederick Peters, a contributor for Forbesrecently wrote about that feeling, and the pride that comes from owning your own home.

“As homeowners discover, living in an owned home feels different from living in a rented home. It’s not just that an owner can personalize the space; it touches a chord even more fundamental than that.

Homeownership enhances the longing for self-determination at the heart of the American Dream. First-time homeowners, young or old, radiate not only pride but also a sense of arrival, a sense of being where they belong. It cannot be duplicated by owning a 99-year lease.”

Bottom Line

Owning a home brings a sense of accomplishment and confidence that cannot be achieved through renting. If you are debating renewing your lease, let’s get together before you do to answer any questions you may have about what your next steps should be, and what is required in today’s market!

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The Impact Staging Your Home Has On Your Sale Price [INFOGRAPHIC]

Some Highlights:

  • The National Association of Realtors surveyed their members & released the findings of their Profile of Home Staging.
  • 62% of seller’s agents say that staging a home decreases the amount of time a home spends on the market.
  • 50% of staged homes saw a 1-10% increase in dollar-value offers from buyers.
  • 77% of buyer’s agents said staging made it easier for buyers to visualize the home as their own.
  • The top rooms to stage in order to attract more buyers are the living room, master bedroom, kitchen, and dining room.
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Renovated Ranch Home Close to Downtown

This property has closed!

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905 Columbine Avenue– Main level living at it’s finest! Inside this ranch home you will find new paint, flooring throughout. The kitchen and bathrooms feature new counter tops and updated cabinets.
Enjoy the new kitchen boasting slab granite, glass tile back splash and stainless appliances.
Master suite features a luxury bath, walk-in closet, and backyard access.
2 additional bedrooms as well as a two bathrooms.
High end steel built home was constructed with 2×8 walls giving higher capacity for wind and snow loads which all help you save on your insurance quote.
The newly terraced backyard offers plenty of gardening opportunities with city and Pikes Peak views with plenty of privacy.
Close to downtown with plenty of shopping, dining, and entertainment opportunities. Easy access to I-25 makes Denver a quick trip.
https://www.buywithbrandon.com/property-details/905-COLUMBINE-AVENUE-COLORADO-SPRINGS-CO-80904/8963608/68/
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NOT Owning Your Home Can Cost You a Lot of Money!

Owning a home has great financial benefits, yet many continue to rent! Today, let’s look at the financial reasons why owning a home of your own has been a part of the American Dream for as long as America has existed.

Realtor.com recently reported that:

Buying remains the more attractive option in the long term – that remains the American dream, and it’s true in many markets where renting has become really the shortsighted option… as people get more savings in their pockets, buying becomes the better option.”

What proof exists that owning is financially better than renting?

1. In a previous blog we highlighted the top 5 financial benefits of homeownership:

  • Homeownership is a form of forced savings.
  • Homeownership provides tax savings.
  • Homeownership allows you to lock in your monthly housing cost.
  • Buying a home is cheaper than renting.
  • No other investment lets you live inside of it.

2. Studies have shown that a homeowner’s net worth is 44x greater than that of a renter.

3. Just a few months ago, we explained that a family that purchased an average-priced home at the beginning of 2018 could build more than $44,000 in family wealth over the next five years.

4. Some argue that renting eliminates the cost of taxes and home repairs, but every potential renter must realize that all the expenses the landlord incurs are already baked into the rent payment– along with a profit margin!!

Bottom Line

Owning a home has always been, and will always be, better from a financial standpoint than renting.

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Home Updates To Make Every 10 Years

Owning a home is a big investment and staying up to date on your home’s maintenance is vital. The Platinum Group, REALTORS knows that no matter how much you love and care for your home, things are bound to become outdated and will need repairs or fixing – especially when you hit the ten-year mark. In order to keep your house in the best condition, the best real estate agents in Colorado Springs have listed some updates you should consider making every ten years. If you keep up with your homes updates and maintenance, it will give you an upper hand if you ever decide to sell your home.

Replace Hot Water Tank

A water heater may not show any symptoms before it starts to leak or before it stops working, so it’s important to keep track of how old your water heater is. If the manufacturer date isn’t shown, then you may find it embedded in the serial number. A water heater that has been in use for about ten years should be replaced.

Get New Carpet

The average medium-grade carpet only has a life expectancy of about ten years. That number, of course, depends on many factors including high traffic areas and pets. Your carpet may last longer, or it may need replacing sooner than ten years. Signs that your carpet needs to be replaced includes rips and tears, stains, and odors that won’t go away no matter how many times you clean it. Even if your carpet doesn’t have any of these signs, it may just look old and worn out after a certain amount of time. Updating your flooring can never hurt.

Buy A New Dishwasher

Your dishwasher is similar to your water heater. It’s a good idea to replace your dishwasher after about ten years. Upgrading to a newer energy efficient dishwasher will help save money and will pay for itself over time. You should replace your dishwasher sooner if your dishes aren’t getting clean, buttons on the control board are not responding, or there are cracks in the tub.

Replace Washer and Dryer

The common washer and dryer have an average lifespan of about 8 years. If either appliance is older than 8 years and is still functioning properly, you should consider yourself fortunate. You should think about replacing your washer and dryer to prevent any leaks or malfunctions.

Repaint Inside and Outside

There is no exact science as to when you should repaint your home. It all depends on your home’s paint color, where you live, and what kind of weather you experience. If you live somewhere that is humid and gets a lot of rain or snow, then you’ll need to repaint more often than if you live in an area with no weather. Some people will repaint areas inside the house that are used more frequently every 3-5 years to keep it fresh. But if you haven’t painted in a few years, now is the time to do it.

Re-Caulk Showers, Bathtubs and Sinks

Re-caulking really gives you the most bang for your buck. Whether it hasn’t been high on your priority list, or you recently bought a ten-year-old home, you should go ahead and re-caulk the shower, tubs, and sinks. This is something you can do yourself and it has a significant impact on those areas.

Purchasing a home is a big investment and the best real estate agents in Colorado Springs want to make sure that your investment is protected. Whether you’ve been in your house for ten years, or you are considering purchasing a house that is more than ten years old, you should consider making these improvements and staying on top of any maintenance. If you’re looking to buy a new home or even sell your current home, let us know how we can help!