Denver Area Real Estate News & Market Trends

You’ll find our blog to be a wealth of information, covering everything from local market statistics and home values to community happenings. That’s because we care about the community and want to help you find your place in it. Please reach out if you have any questions at all. We’d love to talk with you!

Denver Real Estate Blog Kenna Real Estate

July 9, 2020

COVID-19 Tips for Managing your Home Improvement Project

COVID-19 Tips for Managing your Home Improvement Project

COVID-19 and the nationwide lockdown it’s inspired has definitely thrown a wrench into the home improvement plans of many homeowners. Now that states are beginning to relax restrictions, though, how can you keep yourself and your family safe while still making progress on your projects?

Keep in Touch With Professionals

Many construction companies have remained open throughout this crisis, as the building and maintaining of key infrastructure is essential. Most have closed to residential clients, though, and once they allow homeowners to book their services again, the wait is likely to be astronomical.

The best thing you can do if you’re planning to start or finish a large scale project is to reserve a professional’s time now. Ask them what their schedule looks like over the next few months, how many clients they intend to take on, and if anything will change as they continue to exercise precautions.

It’s better to have work on the books now, even if some things are still up in the air, than to wait until there’s a mad dash of homeowners wanting their postponed projects completed.

Take Photos to Help With Planning

If you haven’t hired a contractor to tackle your home improvement project, you may be wondering how to even get started. One thing to try would be to search something like “roofing contractors near me”. While many are still observing lockdown protocols, you may find local businesses that are willing to help you plan.

Take photos of the area you want to improve or remodel. If you’re looking to have your roof replaced, for example, get photos of your current roof, each side of your home, anything close by that may make fitting a new roof difficult, and the supporting structures your current roof sits on.

Then you can search through all the great nearby contractors and companies to choose one that works for you, give them a call, and ask if they’d be willing to use your photos to help plan out a future project.

Take Safety Precautions

If your contractor agrees to come out -- as some might now that restrictions are being relaxed in certain states -- make sure you’re taking precautions regardless of whether or not they are, too. Wear a mask that’s thick enough to protect you and keep at least six feet between yourself and any workers. If something needs to be signed off on, use your own pen, or bring some kind of wipe to disinfect a stylus or the back of a tablet. Wipe down door handles and any surfaces that were touched, too.

It may seem excessive, but doing these things on top of finding a company that’s taking all the necessary precautions will go a long way toward keeping your family safe.

Shop Locally Whenever Possible

If you can’t get someone to work on your home improvement projects right now, you may be tempted to DIY. Painting is always a popular choice and a great way to affect the mood in an interior that’s become stale. Changing the light fixtures also does a lot to open up a room and make your house feel less claustrophobic. Even full renovations are technically possible during this time, so long as you stock up on the proper materials.

As tempting as it is to run down to the nearest chain hardware store and get everything you need, you’re far more likely to put yourself at risk while there. Employees may not be wearing PPE, aisles probably aren’t one way, and even if there’s a cap on the number of people inside, you’ll probably be surrounded by people in the checkout line or the store itself.

If you find yourself in need of tools or supplies during or right after lockdown, why not visit a small, local hardware store instead? These locations will have less room to social distance, but they’ll also have far fewer customers, and employees who are likely to observe good mask-wearing practices. They’re in need of the support, too. A large corporate chain can keep itself open. Even if one location closes, there are hundreds more. A mom and pop hardware store relies on local business, something coronavirus has absolutely decimated. So if you have to be out and shopping, make sure you’re supporting small businesses!

There may be a lot of uncertainty in the world right now, but there’s no reason you can’t still plan and execute home improvement projects that will make your space look and feel better than it’s ever been.

July 9, 2020

Home Appraisal and Divorce

Home Appraisal and Divorce

Home Appraisal and Divorce

The marital home is usually the most valuable asset that needs to be divided up during a divorce, so it is essential to find out its true value. One of the first steps that you will need to take in order to divide up your assets is to arrange a home valuation.

Why Do You Need a Property Appraiser During a Divorce?

Finding out the value of your joint assets is an important step when you are getting a divorce. It is important to know how much your property is worth so that you can divide your assets up fairly and legally. You will need to discuss the legal aspects of property division with your divorce lawyers. The terms you agree on will be set out in your divorce agreement, but for many couples in Colorado it will be necessary to split up joint assets such as the marital home.

You will have various options for dividing your shared property. You may want to sell your marital home and split the proceeds between you. Alternatively, one of you may want to buy out the other’s share of the equity in order to remain in the home. If one of you will retain ownership of the home, then you may need to work out its value in order to ensure that the other receives a corresponding share of your other joint assets in exchange. The value of the property may also be taken into account when assessing your financial situations and deciding on maintenance payments. Whatever you decide to do with your shared real estate, it will be necessary to get an estimate of its value.

An appraisal will provide the most accurate estimate of the current value of your property, so it is worth hiring an expert to perform this service during your divorce. The appraisal will ensure that you are able to negotiate a fair divorce settlement through your lawyers, in mediation, or in court.

Choosing a Property Appraiser for Your Divorce

You can get a basic idea of the value of your property by looking at the listings for similar homes in your area, but there can be big differences between homes that seem outwardly very similar. It is also important to remember that many properties will sell for less than their asking prices, so considering the property listings alone won’t give you an accurate estimate of how much your property is actually worth.  

A better way to find out the true value of your property when you are divorcing is to hire a property appraiser. As well as giving you an accurate estimate of the value, it might also be a requirement for your divorce negotiations, especially if you have to go to court. Your divorce lawyer or a court official may ask you to have the property appraised before any decisions are made about the division of your joint assets.

Depending on your situation, you may be able to choose a property appraiser together with your ex-partner, or you may each want to hire your own expert to value the property. The results of the two appraisals can then be compared. In most cases, the appraisers will suggest similar values for the property so you will know that you have a reliable estimate for what your home is worth.

Whether you are hiring a property appraiser together or you want an independent expert to check on the value, it is important to ensure that you are choosing a Licensed Appraiser who is familiar with the local property market. You will need a Certified Residential Appraiser to assess the value of your home and any other property that you own together. Only a licensed appraiser can perform a residential appraisal in Colorado.

Home Appraisals and Divorces

Getting a Home Appraisal

A home appraisal is an expert assessment of how much your property is worth. It is a key step in selling any kind of property as well as in dividing your assets during a divorce. If you do go on to sell the property, the appraisal will enable you to set a reasonable asking price. Potential buyers will also want to arrange their own property appraisals in order to ensure that they are not overpaying for their new home.

Arranging a home appraisal in Colorado is a straightforward process. Once you have identified a licensed appraiser who knows the area well, you will simply need to arrange a date for them to visit the property in order to perform the appraisal. During this visit the appraiser may take measurements and draw up a floorplan of the property. The current state of the property will be assessed along with any upgrades or renovations that you have performed since it was last on the market. The appraiser will also research the local property market and any relevant documentation in order to give you an accurate estimate of what your home is currently worth. You should provide details of any work you’ve had done on the property, such as having a new roof fitted or upgrading the HVAC system. It is also helpful to share any relevant plans or surveys of the property.

It is a good idea to consider if there is any work that needs doing on the property before you arrange the appraisal. If there are any repairs or maintenance work that you’ve been meaning to complete, then this will be a good time to do it. Although minor issues won’t have much impact on the property’s value, it is a good idea to ensure your property is at it’s best before having it valued or putting it up for sale.

In some cases, you may also need an estimate of the property’s value at the time of your marriage. For example, if one of you already owned the property before you got married, this might need to be taken into account for the settlement. The original value of the property (at the time of the marriage) and the current market value may both need to be estimated in order to work out how much value the property has appreciated. The increase in value may be considered a joint asset even if the property remains in one partner’s name. You will need to consult with your divorce lawyers to find out how your assets will be divided according to Colorado state law.

If you do need to find out what the property was worth at the time of your marriage then your appraiser will be able to look at documents such as the property deeds, inspection records or any old photographs that reveal the condition of the property at the time of your marriage, as well as historical real estate data from the area. It can be helpful to use the same appraiser for both past and current valuations as this will usually save some time. The appraiser will be more familiar with your property and can perform both appraisals together.

You will receive an appraisal report that includes an accurate estimated value for the property and some information about how this estimate was made. You should take a look through the report in order to ensure that it is accurate. The report should tell you about the sales of comparable properties in your area and what factors increased or decreased the value of your property in comparison to these other homes. If you have any questions about the appraisal then you can talk to your appraiser.

What Happens Next?

Once you know how much your joint property is worth, you will both be in a better position to make plans for your futures. Many couples who are divorcing in Colorado will want to sell their joint property and split the proceeds. However, there are other options to consider once the appraisal has been performed. One of you may wish to buy out the other in order to remain in the property or to retain the home in exchange for other assets. You might also want to consider delaying the sale in order to have work done that could increase the value of the property or for personal reasons, such as enabling your children to remain in the home until the end of the school year.

Knowing the market value of your property will help you to make these decisions. It will also enable you both to make plans for the future, especially if you will be using the proceeds to buy new properties. The appraisal will give you a guide price for the property that can help you to make these important financial decisions. You will have a better idea of how much the property could make if you decide to sell it now. You will also know how much it will take to buy out your ex-partner’s equity in the property if you want to stay in the family home.

The appraisal will tell you how much the property is worth now, but it is important to remember that any changes to the property or in the local real estate market could change its value.  For example, the appraisal report could help you to identify any work that could be done to increase the value of the property before you sell.

When you are ready to take the next step, you should get in touch with your realtor so that the property can be listed. Properties in Colorado are often in great demand, but the realtor will be able to give you personalized advice on your property and to help you to get the best price for your home. 

Fill out this form and we will contact you 

     

 

Posted in Buyers, Sellers
July 9, 2020

Real Estate Appraisal: How To Know The Value Of Your Property

<p><strong><img src="/uploads/agent-1/AdobeStock_319205301.jpeg" alt="Real Estate Appraisal" width="822" height="528" /></strong></p> <p><strong>Real Estate Appraisal:</strong></p> <p>Whether you're planning to sell your home or just curious to know what it's worth, you can find out with a simple evaluation. However, if you're planning to put your home in the market, it's best to learn and understand how to determine the value of your property. That way, you'll know whether an offer is fair or the assessors are giving you the right appraisal.</p> <p>Don't rely on your neighbor's property value when trying to put a value on your own. Instead, you can follow the tips below to get a more accurate value or appraisal of your property.</p> <p><strong>1. Seek Professional Help of A Home Appraiser</strong></p> <p>The first method that you should consider to know the value of your property is to hire a professional <a href="https://txhomeappraisers.com/">home appraisal service</a>. Availing the services of professional home appraisers is a trustworthy method of getting your property valued. You can rely on the expertise of the appraisers as long as you choose the right firm.</p> <p>This is how a home appraiser will value your property:</p> <ul> <li>A home appraiser will first gather data from multiple listing services. He will factor in the location, lot size, room sizes, number of beds and baths, home's square footage, and the like.</li> </ul> <ul> <li>After compiling and comparing data, the home appraiser will do a cost summation when determining the value of your home. In this approach, the appraiser uses a similar property in estimating the cost of the building, its depreciation and the expected repair or improvement costs.</li> </ul> <ul> <li>Another approach that home appraisers use is sales comparison wherein the home appraiser compares the selling prices of similar properties in the same location. This approach uses local property listings and public records from sellers, owners, and real estate professionals. However, no two properties are the same. Therefore, the comparative value arrived will be altered to suit your property.</li> </ul> <ul> <li>When your property is made for investment and commercial purposes, home appraisers may use an income capitalization approach. Here, your property's value will depend on the net operating income (NOI) and the revenue capitalization or multipliers. Getting an accurate NOI will depend on your property's gross potential income (GPI), less collection, and vacancy losses.</li> </ul> <p><strong>2. Use A House Price Index Calculator</strong></p> <p>Wherever your property is located, you can quickly <a href="/property-valuation.php">know the value of your home</a> by using the house price calculator that the state offers. For instance, the Federal Housing Finance Agency (FHFA) has House Price Index (HPI) data which will give you estimated depreciation or appreciation in value of various properties.</p> <p>Since HPI calculators automatically calculate your home value, you just need to go into the HPI site and fill up the necessary details. You'll need to input the city where your home is located. Then, enter the purchase price of your property and choose the number of years you want it to factor. Some HPI calculators will even allow you to compare values with other states.</p> <p>Most calculators will give you a graph where you can see the price appreciation or depreciation of your property after filling the necessary details. Although it's an estimation of how much your property is worth, you can use it as a basis to know if selling your property is worthwhile or not.</p> <p><img src="/uploads/agent-1/AdobeStock_179362486.jpeg" alt="Real Estate Appraisal" width="822" height="549" /></p> <p><strong>3. Do A Comparative Market Analysis</strong></p> <p>Although it may seem complicated, you can learn how to do a <a href="https://www.investopedia.com/terms/c/comparative-market-analysis.asp">comparative market analysis</a> to put a value on your property. Especially when you're in the real estate industry, using a CMA should be one of your fortes.</p> <p>Here's how you can make a DIY CMA:</p> <ul> <li>The first task is to gather all relevant data on your property. The more characteristics you know, the more accurate an estimate you&rsquo;ll get from CMA. Aside from the location and number of rooms in your property, details like interior finish and other extraordinary features must be inputted.</li> </ul> <p>&nbsp;</p> <ul> <li>Aside from that, you'll also need recent comparable sales, which includes sales of similar homes. Here, you'll need more than four or five properties sold within the last year to compare with. You'll need the most recent data. Thereafter, use data of properties currently being sold.</li> </ul> <ul> <li>Another factor that will affect your property's value is the micro-trend around it. This means that you need to consider the happenings in your neighborhood. For instance, if your area has ongoing commercial developments, your property's value may go up since it may be near commercial establishments.</li> </ul> <ul> <li>After getting all the necessary information for your CMA, you&rsquo;ll know the current, previous, and historical sales value of similar properties. Arrange the values from the highest to the lowest. This will be the price range prediction of your property.</li> </ul> <p><strong>Conclusion:</strong></p> <p>Now that you know how to calculate the approximate value of your property, you can make a wise decision whether to put it for sale or wait for a little while. By hiring a professional home appraiser, you can leave it to the professionals and focus on your work. The appraiser&rsquo;s report will give you the value and explain how that figure has been calculated. If you don't want to hire a professional, you can do a quick calculation using an HPI calculator. Alternatively, you may want to learn to use CMA so that you can figure out the value of your property on your own

Real Estate Appraisal:

Whether you're planning to sell your home or just curious to know what it's worth, you can find out with a simple evaluation. However, if you're planning to put your home in the market, it's best to learn and understand how to determine the value of your property. That way, you'll know whether an offer is fair or the assessors are giving you the right appraisal.

Don't rely on your neighbor's property value when trying to put a value on your own. Instead, you can follow the tips below to get a more accurate value or appraisal of your property.

1. Seek Professional Help of A Home Appraiser

The first method that you should consider to know the value of your property is to hire a professional home appraisal service. Availing the services of professional home appraisers is a trustworthy method of getting your property valued. You can rely on the expertise of the appraisers as long as you choose the right firm.

This is how a home appraiser will value your property:

  • A home appraiser will first gather data from multiple listing services. He will factor in the location, lot size, room sizes, number of beds and baths, home's square footage, and the like.
  • After compiling and comparing data, the home appraiser will do a cost summation when determining the value of your home. In this approach, the appraiser uses a similar property in estimating the cost of the building, its depreciation and the expected repair or improvement costs.
  • Another approach that home appraisers use is sales comparison wherein the home appraiser compares the selling prices of similar properties in the same location. This approach uses local property listings and public records from sellers, owners, and real estate professionals. However, no two properties are the same. Therefore, the comparative value arrived will be altered to suit your property.
  • When your property is made for investment and commercial purposes, home appraisers may use an income capitalization approach. Here, your property's value will depend on the net operating income (NOI) and the revenue capitalization or multipliers. Getting an accurate NOI will depend on your property's gross potential income (GPI), less collection, and vacancy losses.

2. Use A House Price Index Calculator

Wherever your property is located, you can quickly know the value of your home by using the house price calculator that the state offers. For instance, the Federal Housing Finance Agency (FHFA) has House Price Index (HPI) data which will give you estimated depreciation or appreciation in value of various properties.

Since HPI calculators automatically calculate your home value, you just need to go into the HPI site and fill up the necessary details. You'll need to input the city where your home is located. Then, enter the purchase price of your property and choose the number of years you want it to factor. Some HPI calculators will even allow you to compare values with other states.

Most calculators will give you a graph where you can see the price appreciation or depreciation of your property after filling the necessary details. Although it's an estimation of how much your property is worth, you can use it as a basis to know if selling your property is worthwhile or not.

Real Estate Appraisal

3. Do A Comparative Market Analysis

Although it may seem complicated, you can learn how to do a comparative market analysis to put a value on your property. Especially when you're in the real estate industry, using a CMA should be one of your fortes.

Here's how you can make a DIY CMA:

  • The first task is to gather all relevant data on your property. The more characteristics you know, the more accurate an estimate you’ll get from CMA. Aside from the location and number of rooms in your property, details like interior finish and other extraordinary features must be inputted.

 

  • Aside from that, you'll also need recent comparable sales, which includes sales of similar homes. Here, you'll need more than four or five properties sold within the last year to compare with. You'll need the most recent data. Thereafter, use data of properties currently being sold.
  • Another factor that will affect your property's value is the micro-trend around it. This means that you need to consider the happenings in your neighborhood. For instance, if your area has ongoing commercial developments, your property's value may go up since it may be near commercial establishments.
  • After getting all the necessary information for your CMA, you’ll know the current, previous, and historical sales value of similar properties. Arrange the values from the highest to the lowest. This will be the price range prediction of your property.

Conclusion:

Now that you know how to calculate the approximate value of your property, you can make a wise decision whether to put it for sale or wait for a little while. By hiring a professional home appraiser, you can leave it to the professionals and focus on your work. The appraiser’s report will give you the value and explain how that figure has been calculated. If you don't want to hire a professional, you can do a quick calculation using an HPI calculator. Alternatively, you may want to learn to use CMA so that you can figure out the value of your property on your own.

Posted in Buyers
July 9, 2020

Top Hints On Maintaining Your House Exterior

Top Hints On Maintaining Your House Exterior

Whenever summer is close, we start fussing with cleaning out homes to prepare them for the hot season. However, it’s not only the interior that is in need of refreshment! The exterior look of our house is far more appealing for a good wash after winter. Besides, certain renovations might be needed like re-painting the faded walls. If that’s your situation, don’t forget to take a look at the guide about paints that might be helpful 

So prepare a brush and a hose, and check out the list of basic chores that will make your house shine!

 What to Do to Make a House Shine

In fact, not any house will need a top to bottom cleaning. Sometimes it will be more than enough to quickly rinse the terrace and wash the windows, and your family harbor will look sweet and cozy again. However, several must-do things exist that must be taken care of anyway.

  1. Clean the exhausts from the dryer

Blocked ventilation doesn’t only prevent proper air circulation, it is also a huge fire hazard! So to make sure that everything is fine, clean it to make all the exhaust to come out of the dryer. If it so happens that no or little dust coming out, then probably the vent is already stuffed. As an option, try to vacuum the vent.

  1. Check the deck

If your house has a deck, always double-check that it’s doing well. The least what could be done is to wash it to remove the dirt left from winter snow and autumn rains. However, loose boards, decay, or cracks must be repaired once noticed. Like that, nobody will hurt themselves accidentally by stumbling over the broken deck, and it won’t get ruined further.

  1. Check windows

During the winter, our windows get stuffed with dry leaves, dust, and all sorts of debris. That is why take some time to clean the gutters and the window wells thoroughly (and wash the glasses, too). 

  1. Get to the roof

No, we are not asking you to climb to the rooftop! A far safer way of checking the roof exists. Just take a binocular and inspect it from all the sides. If you see that several tiles must be renewed, ask for a professional, but like this, you’ll be also able to notice any serious issues.

  1. No cracks!

Sometimes, cracks appear around the doors and windows. Those cracks make the vent system run less effectively, besides, they will easily let water and moisture inside which may lead to various damages of the walls, doors, etc.

If you find any, just apply caulk to fix them.

  1. Mind the driveway

Look for any holes or other damages on the driveway to your house, and fix them ASAP. At least, you’ll make your car’s life easier! And the general look of the yard will be much better.

Remember to check your house both from inside and outside for any issues that must be fixed after each winter, and your home will always look great and be safe!

July 9, 2020

3 Legitimate Ways to Make Money Investing in Real Estate

Make money from houses3 Legitimate Ways to Make Money Investing in Real Estate

The world of real estate can seem intimidating to some, and while many understand the principle behind it, a lot might see it as a risk. However, virtually anyone can get started with real estate, and it’s much less complicated than many might imagine. You have all sorts of options open to you, whether you want to make some residual income, make a quick flip, or have a reliable store of value. Let’s take a look at some of the ways that you can make money investing in real estate. 

Home Flipping

Home flipping is when you buy a home that you feel is underpriced and sell it fast for a profit. A lot of people assume that flipping automatically has to involve major repairs, but that’s not always the case. In some cases, you might only need to make some minor esthetic adjustments to significantly increase the perceived value of the property.

Another thing you could do is work with local home investors. For instance, you could find great deals and sell it back to companies who will transform these units. Local home investors like SFL Partners, for instance, purchase homes in the South Florida area to renovate and turn into rental properties. They could help take some properties off your hands and make the sale process much easier and faster. Local home investors will usually have an offer for virtually any type of property based on a specific formula. If you can constantly make great finds, this could be a way to get a steady stream of income.

Become a Landlord

You also have the option of becoming a landlord. One of the things that make it a great option is that you’ll be able to get some leverage as you get equity on the properties you buy, which will allow you to make more investments. However, being a landlord is a lot of work, and not everyone is ready for it. There’s also the issue of dealing with bad tenants and vacancies.

Be a Landlord

Land Development

Land development is another great option that many people think is out of their reach for some reason. But land development is more accessible than some might imagine. Being a developer is about finding pieces of land that you can develop, and build on them, simple as that. You can decide to start small with a single-family unit or go for multi-housing complexes or condos.

However, you will have to get familiar with zoning laws, and what makes a plot of land desirable. You'll have to consider things such as utility, soil, and water conditions, for instance. You’ll also need to learn a bit about housing design and construction management, entitlements, and sales.

These are all ways any investor can get in the real estate game. All of these options have their pros and cons and could be more suited for one person than another, so make sure that you look them over in more detail, and see which one would be the best for you.

July 9, 2020

Steps to Selling Your Home That Can Be Done Virtually

 

Colorado was one of the first states to begin reopening, despite the strict lockdowns that were placed on the Denver Metro Area during mid-March to April. While the state is allowing many businesses to operate under strict guidelines—one ski area included—we’re still a far way away from returning to normalcy. 

Real estate in the area has been moving along despite the pandemic, and a lot of it has to do with the fact that we’re able to use tools to sell virtually. This goes from finding an agent, to creating a listing, and even to showing your home. The experts at Kenna Real Estate in Denver have put together some tips for selling your home virtually

Find an agent and make a plan

Finding a good real estate agent is more important than ever. This is for two reasons. To start, the safety of everyone involved in the home sale should be everyone’s top priority. You’ll want an agent who can work to minimize contact with others involved as much as possible. This person will work to set up online showings, meet with buyers over the phone or video chat, update listings remotely, and work with other parties to ensure that everyone involved is protected. The second reason is that some financial experts believe that the United States is moving towards an economic recession. Thankfully, the market is picking back up, but millions of people are still unemployed nonetheless. Find an agent who has experience selling in a slow market. 

Once you find an agent who exemplifies skills and a want for safety, work with them to create a plan. Do a walkthrough of your house, discuss a good and fair price point, and begin to develop a listing. Ask them for their opinion on how to properly stage the home, how to take good pictures, and what DIY improvement projects can help increase the home’s value. 

Stay on top of social media and your listing

With people still continuing to stay home, social media platforms are seeing a good amount of popularity. Be smart with targeting your audience and don't make mistakes such as fabricating details or skirting around issues with the home. Be open and honest. 

When creating posts or updates, be intentional with the keywords that you use. Talk about the features of your home that are likely to stand out. For example, if the home has a nice backyard, you can use adjectives like beautiful or gorgeous to describe the garden. 

Host a virtual open house

During the process, host a virtual open house using Zoom or a similar platform. The good news is, with Zoom, you can have as many people present as possible—masks not required! Start with a virtual open house, and if you have people who express serious interest, offer to give them a virtual tour before scheduling an in person one. Not only does this help protect you, but it also helps protect everyone else involved in the process. 

Luckily, Denver continues to be an increasingly popular city, and you shouldn’t run into too many issues selling a home here even during a pandemic. As Realtors in Denver, Colorado, our goal is to make the selling process as easy and safe as possible. Contact us today to learn more!

Steps to Selling Your Home That Can Be Done Virtually

Posted in Sellers
July 9, 2020

Regulating The Quality Of The Air In Your Home

Regulating The Quality Of The Air In Your Home

 Even in a large, industrial city like Denver, the air inside a home can be more polluted than the air outdoors. As we spend up to 90% of our time indoors, making an effort to regulate the air quality can ensure the air is healthier to breathe and, in the long-term, less damaging to the fabric of the building. Well-maintained HVAC systems and adequate ventilation will reduce excess moisture, while filtering dust and allergens from very dry air can help to minimize health issues.

Filtering Dry And Dusty Air

Mold spores, pollen and animal allergens are commonly found in our homes, and, in Colorado, the dry climate can cause more dust to be present in the air. If left to contaminate your home, these particles can cause irritation and allergies, and generally have a detrimental effect on your health. Air purifiers and other filtration systems can reduce the amount of dust and airborne allergens by trapping particles and removing them from the atmosphere. In order to be most effective, any filtration or ventilation system should be fitted with good quality filters that are kept clean and well-maintained. An air filters delivery coupon will help you to invest in high quality filters that will keep the air in your home free from pollutants.

Removing Excess Moisture

Despite the dry climate, homes in Denver can still be at risk from too much moisture in the air. If left unchecked, excess moisture can cause wood and brickwork to become rotten or corroded. Cooking, bathing and drying clothes all create steam, and poor insulation and ventilation can keep it trapped in the home. A level of humidity between 45% and 50% is thought to be high enough to offer optimal comfort but low enough to prevent the growth of mold. To achieve this, a dehumidifier can be used in areas such as kitchens and bathrooms where condensation often occurs. However, a regularly cleaned and serviced HVAC system should help to control the level of moisture in the home, as furnaces reduce humidity with dry heat and air conditioners lower the moisture in the air as it is cooled. 

Managing air quality can make a real difference to the health of your home and its inhabitants. In very dry air, allergens in dust can cause health problems, and too much moisture will damage the structure of your home. Air purifiers and dehumidifiers can help with specific problem areas, but a well-maintained HVAC system with clean, good quality filters should be adequate to keep levels of moisture and ventilation well-balanced.

July 9, 2020

Easy DIY Air Conditioner Fixes

DYI Air Condition fixes

Do it Yourself Air Conditioner Fixes

It’s but normal to seek the help of an HVAC professional whenever we encounter problems with our air
conditioning system. After all, we’re not trained HVAC technicians, and we always have that fear that
we’ll do our AC units more harm than good if we do the tinkering ourselves.
However, there are some air conditioning problems that we can fix ourselves, especially if we’re the
type who likes doing things the DIY way. That’s why whenever our AC system acts up, the smartest thing
to do would be to do your own troubleshooting first, and you might just be able to fix it without calling
an air conditioning service and spending for repairs.

Take a look at some of these air conditioning problems that just might turn out to be easy DIY AC fixes
for you.

AC system is not turning on

You’ve been pressing the power button a few times, yet nothing happens. Before you pick up that
phone to call your trusted HVAC company, make sure that it’s not a circuit breaker that just got tripped.
You wouldn’t want the embarrassment of having to call in a technician only to have him do nothing
more than just flip the breaker switch back on.
Just turn the breaker switch on yourself, and if nothing happens, that would be the time to call an HVAC
technician.

AC is not producing cool air

There could be many reasons why an AC unit is not cooling the room anymore. One of the most
common reasons is problems with airflow, which is commonly caused by a dirty air filter.
Aside from causing airflow issues, dirty air filters also make an AC unit work harder to cool the room,
and that can make your energy bills rise more than it should.
So if your AC’s not making cool air, check the air filters and if they’re filthy, clean them or better yet,
replace them with new ones.
If the air filter’s clean or new and you still can’t feel cold air coming out of the vents, then you should
turn the problem over to an HVAC professional because the problem could be bigger and way beyond
your capabilities.

Frozen unit

Just because an AC unit produces cold air doesn’t mean freezing up is part of the package. On the
contrary, an air conditioner that ices up could be an indication of an airflow problem.

So all you have to do—initially at least—is thaw the unit by turning it off and leaving the ice to melt. If
you want faster thawing, then you can always turn the unit on and set to fan. As for the airflow part of
the problem, cleaning and replacing the air filters ought to do the trick.
Still, an AC unit freezing could be an indication of more serious problems that you cannot DIY. It’s
possible that the unit is low on refrigerant. Worse, however, would be a refrigerant leak, which can be
dangerous. Either way, only an air conditioning technician is adequately trained and equipped to deal
with this sort of problem.

Condenser not releasing heat properly

Your AC system typically has an outside unit tasked with releasing the heat drawn from inside your
home. When your AC is having problems cooling the air inside, it’s possible that the outside unit is very
dirty or the area around it is filled with debris.
We understand that the outside unit is often forgotten, but you should always check it because weed,
dirt, or debris like leaves or broken tree branches could be covering it, making it hard for the outside
unit to expel the heat and cause problems with its operation.
You can also clean the outside unit by hosing it down with water. However, if you’re worried you might
do things the wrong way, you can always call for your trusted AC technician to do it for you.
Always keep in mind that DIY air conditioner fixes are only recommended for the simplest problems, like
the ones listed above.

If you notice signs like burning smells, clattering, thumping, and hissing sounds, then waste no time in
turning your system off and calling an HVAC services company for repairs. You can be sure that those
signs are indicative of much more severe problems, and you wouldn’t want to do anything about them
lest you make it worse. Only skilled, properly-trained, and experienced air conditioning specialists
should touch your AC unit when it’s acting up this way.

July 9, 2020

The Hidden Costs of a Real Estate Transaction?

What are the Hidden Costs of a Real Estate Transaction? Be an Informed Buyer and Seller

The real estate industry can be a scary and confusing place for newbies. Even those with experience in the industry can still find it confusing to either buy or sell a home, as rules can differ from state to state, lending institutions all have their own protocols, and then there are the requests of the seller or buyer you are working with. Another thing that can come as a real surprise to both buyers and sellers are the hidden costs of a real estate transaction. These costs can be relatively small and minor, or quite high, even climbing into the thousands.

So, how can you be an informed buyer and/or seller? You can start by familiarizing yourself with the most common hidden costs.

Researching the Property Title

The last thing you want to do is enter into a real estate deal or transaction without first checking the title of the property. What this means is that you research who has the legal right to own the property and therefore sell it. Unfortunately, there can be liens or hidden claims on a property, which takes ownership out of the property owner's hands.

So, what’s the best way to check the property title? Hiring a title company like Bay Title Company is a great way to ensure the research is done correctly. This of course can be a hidden cost, as not everyone is aware of this essential step.

Homeowners Insurance

Homeowners insurance is absolutely essential to have, as it protects not just the property but the contents of the home. Obviously, this will range in price based on a number of factors such as the location of your home, the size of your home, the value, the value of the contents, and how much of a deductible you’re willing to pay.

Closing Costs

Then there are the closing costs, paid by buyers, which typically amount to 2-5% of the value of the house. This is something that buyers don't usually realize or remember to factor into the overall price of the house.Buyers need to be sure that the closing costs don't end up pushing them over their maximum budget allowance, so giving yourself that cushion from the start is wise.

So, what do these costs include? Typically it can include such things as recording fees, title insurance, mortgage origination fees, notary fees, surveys, and more.

Property Taxes

While this isn't part of the purchase price, it is important to factor that into the process. Property taxes are typically paid monthly and will vary based on location and the size and value of your property. For those purchasing a house for the first time, property taxes can be quite the shock, as some are very high.

It’s also important to note that property taxes aren’t a static expense. Your property will be re-assessed on a regular basis, often once a year, and that can result in higher property taxes. You need to be prepared for this scenario and be able to work it into your budget.

Not Just a Simple Transaction

The more you learn about a real estate transaction, the less simple and straightforward it can seem, and the hidden costs start to reveal themselves.

Posted in Buyers
June 9, 2020

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FHA Case # 051-963650. Property sold as is with all faults, no post-closing repairs will be made for any reason .Please refer to the Property Condition Report (PCR) and the Property Condition Summary (PCS) in HudHomeStore.com for potential disclosure items.Go to www.HomeTelosFirst.com or HudHomeStore.com to learn more about this home and how/who can bid. No one may alter or occupy property until after closing and funding. Trespassers will be prosecuted by the seller!

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