Myths About Retiring in Colorado
If you’re thinking about retirement and Colorado is on your radar, you need to consider the drawbacks as well as the advantages. Maybe you get altitude sickness and are concerned about acclimating to a high-altitude city. Maybe you really prefer the ocean to the mountains. There are reasons to think twice, but there are also a lot of myths about retirement in Colorado. Here are a few to lay to rest.
1. Colorado Has Very Harsh Winters – Some mountainous areas of Colorado do get a lot of snowfall – but there are a lot of areas, like Pueblo, that for the most part, have mild winters where the temperature rarely drops below 30 degrees Fahrenheit.
2. Colorado Has Blistering Summers – Colorado has a lot of desert areas. Deserts get hot. Barring a heat wave, however, many parts of the state enjoy summers that rarely see the temperature go above 80 F.
3. Most of the Affordable Places in Colorado are Full of College Kids – While it’s true that places like Colorado Springs and Fort Collins are college towns, they also have a lot to offer to Baby Boomers, including other retirees in increasing numbers.
4. Nothing Necessary is Close By – Many nonresidents think that when it comes to Colorado, the nice areas are far from civilization, and the services retirees need, such as medical care, are a long drive away. Granted, if you want to really get away and isolate yourself from civilization, you can pull it off in Colorado. However, you can live in a town or small city and still live close to nature. Grand Junction, overlooking Colorado National Monument, or Fort Collins in the Rocky Mountain foothills are both great examples.
5. Colorado Has Lots of Nature, But Little Culture – In addition to the state’s rich cultural history, it’s cities and towns offer cultural experiences, including theater, art, and symphony. Even a small affordable city like Greeley is an arts hub, thanks to its proximity to the University of Northern Colorado.
6. Altitude Issues – While it may take a little time to acclimate, living at a high altitude is not bad for you. In fact, Colorado’s high-altitude regions have impressive longevity ratings, with a low rate of cardiac deaths and some cancers. However, be sure to wear sunscreen – high altitudes means higher exposure to ultraviolet rays.
Residential Construction Up in First Quarter 2015 in Denver
Residential construction contracts awarded in metro Denver are up nearly a third in the first quarter of 2015 compared with the same period a year earlier, according to a report from Dodge Data & Analytics.
Residential construction contracts, which cover single-family homes and apartments, rose 32 percent from $711.3 million in the first quarter of 2014 to $939.8 million in the first quarter of 2015.
Non-residential building construction contracts increased 16 percent, from $432.9 million to $501.8 million during the same period. That category covers a wide range of structures including office, retail, hotels, warehouses, manufacturing plants, schools and churches.
Metro Denver is bucking the national trend of flatter construction spending. Year-over-year, U.S. construction spending is up only 2 percent.
Mistakes That Decrease The Value Of Your Home
When you’re getting ready to sell your home, you don’t want to make any mistakes that can decrease the value of your home. However, sometimes sellers unintentionally do. That’s because what a buyer sees as a mistake is not always the same as what a seller considers a mistake. But when you’re selling your home, you’re hoping for a meeting of the minds. Let’s uncover some of the mistakes that sellers make that inadvertently potentially decrease the value of their home.
Following trends. This is a tricky one because we all can get caught up in liking design that are trendy, but if you follow a trend that quickly dies, you’ll find you will not be impressing the buyers. If this trend is difficult to change, it could decrease the value when you put your home on the market. That’s because buyers will think about how much money they have to put into the home to fix the trendy mistake. So, certainly make your home your style, but if you have plans to sell it in the future, think about how renovations may impact the sale of your home.
Not maintaining appliances. Yes, you most certainly can sell a home “as is” meaning in the condition that the buyers initially see it. But having lots of issues and repairs needed will decrease the home’s value. Cleaning up appliances will convey the home is important. If they’re completely messed up, it’s worth replacing them. It should go without saying that not maintaining the entire home is a huge way to decrease its value.
Not keeping it cool. If you want buyers to hurry in and out of your home, overheat them and you’re sure to have them running for the door. Make sure on hot days the home is aired out so stale air can escape. Stifling, hot, muggy homes are not fun to tour. Turn the AC on to a comfortable temperature to ensure your potential buyers take their time to really see your home. If you don’t have AC and it’s blazing hot, use ceiling fans and open windows. Also, having some nice cold water or lemonade available will likely encourage buyers to stay a little longer at an open house.
Not sweating the small stuff. Okay, you don’t have to “sweat it”, but you do have to care enough to end to even the smallest of issues such as fixing a faulty light switch or replacing burned-out bulbs. Buyers go through homes and turn on lights, flick switches, open closets, cabinets, drawers, and even look in medicine cabinets. Keep small things like these in good working order. It’s easy to do and it can help lead to an overall better opinion of your home.
Going wild with color. You may like lively colors but, generally speaking, buyers like paint that is neutral. That’s because it’s like a blank canvas which, upon moving in, they can paint it the way they like it. Extra bright or non-traditional colors can scare them off. So opt for something other than funky purple walls and shag green carpet.
Remember, avoiding some of these mistakes can help prevent buyers from thinking your home should be worth less than you do.
Written by Phoebe Chongchua