Quick Tip Tuesday: Top 5 Most-Desired Home Improvements

According to a recent survey of 2,000 homeowners conducted by HSH.com, when couples were asked what home improvements would make their marriage happier, these were the top 5 results.

 

What are your most desired home improvement projects?

 

#5 – Man Cave

man cave

While the “man cave” received the least praise overall, it was the most-voted-for renovation by male participants.

 

#4 - His & Hers Walk-In Closets

15.23 percent of participants say his & hers walk-in closets would make their marriages the happiest. Of the 1,001 females surveyed, after a dream kitchen, this was next highest on their list.

15.23 percent of participants say his & hers walk-in closets would make their marriages the happiest. Of the 1,001 females surveyed, after a dream kitchen, this was next highest on their list.

 

#3 - Finished Basement

finished basement

Couples again had their children and themselves in mind when they said a finished basement would contribute to the happiness of their families.

 

#2 - Bigger Yard

A bigger yard was the renovation with the second highest number of votes. Couples also agreed a bigger yard would make their kids happier, rather than a bigger house.

A bigger yard was the renovation with the second highest number of votes. Couples also agreed a bigger yard would make their kids happier, rather than a bigger house.

 

#1 – Dream Kitchen

According to the survey, couples agreed that a dream kitchen would make their marriages the happiest.

According to the survey, couples agreed that a dream kitchen would make their marriages the happiest.

 

 

 

Here are the results:

1. Dream kitchen – 23.39%

2. Bigger yard – 19.06%

3. Finished basement – 16.46%

4. His & hers walk-in closets – 15.23%

5. Man cave – 13.72%

 Via Chicago Tribune

Infographic: October 2014 Market Update for Sloan’s Lake

Sloan's Lake - Denver, real estate infographic

Now that fall is upon us, we will see less construction activity. That will be nice for those who have activity around you, yes?

 

Sloan’s Lake sales in September showed the typical slowing signs of the later summer months with 11 sales and total volume of $4,567,900. Compare this with September 2013 of 19 sales in Sloan’s Lake for $7,248,778. So in September this year the average sale was $415,000 and 2013 was down at $381,500. This doesn’t surprise me as we have had such a tight inventory this year that we have lower number of sales, but at a higher average sale. Average number of days till under contract was also reduced in 2014. It’s been a great year for sellers, but also good for buyers, as buyers are seeing pretty quick equity gains.

 

September ended the 3rd Quarter, so it is good to take a peek at 3rd Quarter comparisons. This year in the 3rd quarter, total sales was 40 and $17,244,049 in volume and at average price of $431,000. Last year in the 3rd quarter of 2013, there were 68 sales, $27,208,728 in volume and an average price of $400,128. So you can see that the September sales pattern of 2013 and 2014 matches that of the quarterly data. There were fewer homes selling, but at higher prices.

 

What I find interesting is that we now currently have 5 Sloan’s Lake properties listed about at $1 million and above. And we have one under contract at $1.1 mil. Whereas in the 3rd Quarter 2013 our top seller was $790,000. Currently of the 33 properties Under Contract, 11 are over $500,000 and 22 of the 40 homes that are Active but not under contract are listed at $500,000 to over $1 mil. In fact, the highest sales price in all of 2013 was $826,474 but was listed at $699,989.

 

And don’t leave out the lower listings. They are doing great, going under contract quickly and at record pricing per square feet. This is really a wonderful time to sell.

 

The million dollar plus homes are either complete scrapes and new builds or very strong pop tops. It appears as though builders in Sloan’s Lake have lots of confidence in our sweet little market. Why shouldn’t they? Colorado economy in general is doing well and Sloan’s is ripe for modern new builds to view our beautiful lake, mountains and downtown skyline. Whether you are ready for a million dollar home or a quaint historical dwelling Sloan’s Lake has personality and location to offer.

 

At the end of the year, say end of November into the new year, we should see the normal cooling real estate trend: fewer listings [can that be possible!] and it may take a bit longer to sell. Just simply the reality of less sellers wanting to be showing their home and moving during the holidays… and less buyers wanting to do the same. However, if you want to buy or sell I wouldn’t let the normal trend scare you. If as a buyer you found you were overbid a few times, this might be a perfect time for you to seriously be home shopping – you will have less competition.

 

Touch base with me if you would like to buy or sell, or if you simply want to know the value of your home based on comparisons.

 

Enjoy our beautiful fall and remember to winterize!

 

Follow on Facebook at Highlands Pulse!

 

 I am only a call or email away from providing you assistance. I’d be more than happy to discuss the current market’s activity, show homes from the current inventory and help you with any of your real estate needs in the neighborhood. You can always reach me at 303.883.5856 and Brenda.Meyers@8z.com.

Weekly Snapshot: Highlands Oct. 9 – 15

DenverSnapshot

 

For information on what’s newly listed or just sold in your neighborhood, click on the link below.

 

Lower Highlands

New Listings – 8

Sold – 2

 

West Highland

New Listings – 0

Sold – 5

 

Sloan’s Lake

New Listings – 6

Sold – 2

 

Sunnyside

New Listings – 1

Sold – 4

 

Berkeley

New Listings – 5

Sold – 8

 

Have any questions? You can reach us at 303-543-3083 or clientcare@8z.com.

 

Properties Sold in Berkeley: 3rd Quarter 2014

For monthly market stats and the inside scoop on our community please visit HighlandsPulse on Facebook!

 

Here is a brief overview of the 64 sold listings from this market over the past three months in Denver’s Berkeley neighborhood in Highlands. For more information for what has sold, go to HighlandsPulse.com

 

2nd Quarter Stats:

 

Single Family Homes
Total Number 64
Average Sold Price $431,663
Median Sold Price $395,000
Average Days to Contract 30.5
Average Square Footage 1,952
Average Price per Square Foot $236.39
**Multi-Unit not included in summary

 

For more information on what has sold, go to HighlandsPulse.com

8z Real Estate HomeSpotter app takes house hunting on the go:  It’s like Radar for Real Estate!

 

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Contact Your Market Expert:

 

I am part of our Highlands community. Visit our online community, HighlandsPulse.com, for the inside scoop on what neighbors care about most. Like us at Facebook.com/HighlandsPulse

 

Carrie Craig

8z REALTOR®

303.519.9099

carriecraig@8z.com
CarrieCraig.8z.com

 

Contact Your Local Lender:

I am your local lender with years of experience in this Denver market. Apply online to get prequalified at 8zMortgage.com.

 

 

8z Office Address:

8z Real Estate Highlands Denver

2525 16th St #225

Denver, CO 80211

Weekly Snapshot: Highlands Oct. 2 – 8

DenverSnapshot

 

For information on what’s newly listed or just sold in your neighborhood, click on the link below.

 

Lower Highlands

New Listings – 8

Sold – 3

 

West Highland

New Listings – 4

Sold – 1

 

Sloan’s Lake

New Listings – 5

Sold – 1

 

Sunnyside

New Listings – 5

Sold – 0

 

Berkeley

New Listings – 2

Sold – 5

 

Have any questions? You can reach us at 303-543-3083 or clientcare@8z.com.

 

Quick Tip Tuesday: Update Your Walkway/Driveway

A big portion of curb appeal is in the walk up to the house. Here are some ideas/options to update your walkway and driveway!

 

Screen shot 2014-10-06 at 10.34.10 AM

 

Materials:

  • Crushed stone and gravel are inexpensive and easy to install, though the gravel will scatter and need replenishing from time to time. Gravel paths and driveways are also difficult to keep cleared of snow. A path or drive made of gravel alone costs about $1 per square foot.
  • Concrete is long lasting (15 to 30 years and beyond) and smooth, and has a modern look. It does tend to crack in cold conditions and does not take well to patches and repairs. A new poured concrete path or driveway costs around $3 to $4 per square foot.
  • Asphalt has more give than concrete, making it a good choice for cold climates, and is easily patched and repaired. However, asphalt breaks down more quickly, sometimes requiring repairs or replacement within five years, even in a mild climate. An asphalt topcoat runs about $2 per square foot; a new asphalt driveway (including a base layer of gravel and several coats of asphalt) costs $3 to $6.50 per square foot.
  • Cobblestone and pavers are the longest-lasting option — a cobblestone driveway or walk can last 100 years or more! They are also by far the most expensive options and require the most work initially to prepare the area and lay a foundation for the stone. Repairs are fairly easy with both; you can replace individual stones as needed, making upkeep costs relatively low. A cobblestone path or drive costs $12 to $30 per square foot installed.

 

 

How long it will take:

  • Crushed stone and gravel can be installed in a single day.
  • Both asphalt and concrete can generally be installed in one weekend. You can use your new asphalt driveway within 24 hours, but concrete takes about seven days to cure before you can drive on it.
  • Cobblestone takes longer to install than the other options — up to a week for a large cobblestone drive. Mortar between stones is usually set and ready to be walked on in about 24 hours.

 

 

 

This week’s QTT is brought to you by Houzz. For more information head over there.

 

 

 

 

Weekly Snapshot: Highlands Sept. 25 – Oct. 1

DenverSnapshot

 

For information on what’s newly listed or just sold in your neighborhood, click on the link below.

 

Lower Highlands

New Listings – 7

Sold – 5

 

West Highland

New Listings – 3

Sold – 3

 

Sloan’s Lake

New Listings – 6

Sold – 5

 

Sunnyside

New Listings – 4

Sold – 4

 

Berkeley

New Listings – 4

Sold – 4

 

Have any questions? You can reach us at 303-543-3083 or clientcare@8z.com.