Are HOAs Good for Resale Values?

One question I often get from home buyers is: Are HOAs good for resale values or are they just another expense. The answer is that it really depends on the HOA and on your particular needs and wants.

Many HOAs offer access to a pool, parks, trails or other community ammenities. Some HOAs may include trash pick up or other services into your bill. You’ll need to calculate all of the amenities and weigh that against the monthly or quarterly cost. 

You often hear people complain about their HOA or saying they want to live somewhere without an HOA. Sometimes an HOA can try to enforce rules that may include keeping your trash cans out of sight, not having vehicles outside or even the care of your landscaping. They are trying to keep a clean and good looking neighborhood but of course, not everyone likes the HOA getting up in their business.

SO, an HOA can be a great thing if they provide amenities that you desire and they also ensure that the neighborhood is clean and looking good. This will help you sell your home. If the entire neighborhood looks good it should increase the value of your home. However, if you have an RV you want to park in the driveway, an HOA may not be for you. 

Is HOA good for resale vales

Best Upgrades to Add to Your Home to Increase Your Return

When you purchase a new construction home you will have the chance to pick out some upgrades. If you are careful with the upgrades you choose, you can add a lot of value to your new home. However, you can spend a lot of money on upgrades that won’t yield a higher return or could actually hurt the resale of your home.

Always choose light colors. Right now white and gray colors are really popular. White or gray cabinets are more popular than black or wood cabinets. Also, light colors make the room look larger.

The best things you can add to your new construction home to add value are extra bedrooms or additional bathrooms. Beyond the number of bedrooms or bathrooms, the next thing to consider is larger more updated kitchen or bathrooms. These things will bring a higher return.

Choosing specific upgrades that aren’t highly valued by everyone will not have the same effect as items that almost everyone else values.

Before you add a lot of upgrades to your home think about how popular those items will be when you resell the home. This will change the expense these items into an investment.  

Why is it Important to Work with a Dedicated Full Time Agent?

For some reason it feels like everybody has a real estate license. You probably know 6 or 7 real estate agents. Obviously they are not all the same and there is one important distinction that you should consider: Are they a dedicated full time real estate agent or is this something they do on the side?

It is relatively inexpensive to get a real estate license but really hard to get your business to be successful. Because of this, many people get their license then only work part time at real estate because they need their regular job to survive.

Reasons to Hire a Full-Time Realtor:

1. In this market the good houses move fast. You have to be able to move quickly to be competitive.

2. The market moves quickly. If your realtor isn’t writing offers regularly or watching for all new properties, you are at a disadvantage.

3. Negotiations often happen in the evening when people are off of work. If your Realtor waits tables or tend bar at night, how is that going to work?

4. Showings, inspections, walkthroughs and closings will all need to happen during regular business hours. If your chosen real estate agent works a desk job how is that going to work?

5. If your real estate agent doesn’t need to work because of a spouses income or other situation how dedicated are they going to be to drop everything to save a deal?

I don’t want to make it awkward at the next family reunion with Uncle Joe but this is the largest financial decision that you may make in your lifetime. Make sure whoever is working as your real estate agent has some experience, knows what they are doing and will be available to help when you need it.

If you are considering buying a home or if you need to sell your Northern Colorado home, make sure you hire a Realtor who will be able to guide you through the entire transaction and won’t cost you money or lose a deal. 

 

Full time Agent

Is Home Staging Worth it?

Home staging has been all the rage in the Real Estate community for a while. Still I have home sellers ask me all the time: Is home staging worth it. Well, the data shows that home staging makes a major impact on the speed at which a homes sells and also increases the sales price versus homes that are not staged.

Studies show that homes that have been professionally staged sell 33% to 50% faster than similar homes that are not staged. Also, Realtors who were surveyed stated that staged homes sold for 1% to 5% more than non-staged homes.

If that is the case, home staging is definitley worth it. You don’t have to remove all of your furniture and replace everything with a truck load of staging furniture. You could simply have a home staging consultation where a home stager makes suggestions for removing clutter and using the items you have in a better way to highlight the good things about your home.

home staging

If you have more questions about selling a home in Northern Colorado reach out to Andy Hawbaker directly at 970-203-5066.

What is a Home Warranty? How to Take the Risk Out of Home Ownership?

Buying a home can be pretty nerve racking. You not only have the mortgage payment but now you have to pay property taxes, homeowners insurance and any updates or repairs. The repairs are the part that are hard to budget for. You never know when a hot water heater is going to go out or the furnace is going to stop running. But don’t worry, you can buy a home warranty. A home warranty will take some of the risk of being a homeowner.

If you are wanting to reduce your risk of home ownership, look into buying a home warranty. This can help save you a lot of money and it will definitely reduce the stress of being a homeowner. 

*Andy Hawbaker is a Realtor with 8z Real Estate in Windsor, CO. Text Andy at 970-203-5066 with any questions about home ownership.*

When is the Best Time to Buy a Home for a Great Deal?

I’ve gone to YouTube to answer Real Estate Questions in under a minute. Today’s question is: When is the best time to buy a home for a great deal? 

Yes, this is a common question. Everyone wants a great deal on a home or at least they don’t want to overpay for a new home. So, is now a good time to buy a home or will waiting for next year, next spring, or next winter be better?

I want to emphasize one quote from this video on homebuying tips: If you ask anyone their biggest regret regarding real estate, it is almost always the home they didn’t buy. When I think back at properties I saw years ago but didn’t buy, every single one of them is worth far more money now.

Don’t wait to buy a home. You can’t play the real estate market the way you play the stock market. If this home purchase is for something you are going to live in, buy now and make it a home. If you are buying for an investment, buy now, get some renters in there and watch the value grow. The 2021/2022 real estate market is not a bubble. 

If you have quetions about Northern Colorado Real Estate including Fort Collins, Loveland, Windsor or Greeley; reach out to Andy Hawbaker at 970-203-5066. 

Do I Need to Use a Realtor When Buying A New Construction Home?

You’re buying a brand new home from a builder. The construcion company has a sales person on site who is quick to pull out a contract. Home buyers in this situation often ask: Do I need to use a realtor for new contruction? We’ll answer that in this video.

The quick answer is Yes. In the state of Colorado construction companies are allowed to use their own contracts. They do not have to use the standard contracts approved by the state. Homebuyers rarely read the contracts and you can guess who it favors. In fact, builders often times hire realtors to work in their sales office but they ask them to pause their real estate license so they aren’t required to follow the code of ethics and all of the rules.

Hiring a Realtor to have your back can save you a major headache. Your Realtor will know the right questions to ask and will review the contract for read flags. Your Real Estate Agent can walk you through the whole process and will keep you up to date and on track.

Hiring a Realtor for a new build home doesn’t cost you any money. The builder pays the buyer agents fee. It doesn’t increase the money you pay at all. So this is an opportunity to have someone involved in the transaction who has your back for no additional cost.

There are many benefits in buying a new construction home. When you do get into a new construction contract you’ll want a Realtor on your side. Remember, when you are buying you work with a Realtor for Free.

Bonus Content: 3 Extra Costs to Consider When Buying New Construction.

Andy Hawbaker is a licensed Realtor in Windsor Colorado. He would be happy to discuss your home buying needs and how to work with a new construction home. If you are buying or selling in Northern Colorado, reach out to Andy Hawbaker at 970-203-5066. 

New Construction Home

What if I Sell My House Before I find A New Home?

Here is a major concern that I hear all of the time from homeowners who are considering selling their home. If I sell my home too fast where will I go? Don’t worry, there are many ways that we can set up a real estate transaction so you won’t be homeless.

When the market is a hot and fast moving as it has been the last few years, houses seem to go on the market and sell right away. Sellers rarely will accept a contract contingent on selling your home in a hot Real Estate Market so you have to be ready to move quickly. Watch the video for some ideas:

If you are considering selling a home in Northern Colorado reach out to me through this website or text me at 970-203-5066 to discuss some options. If you are really concerned about when you will go, let’s discuss mortgage bridge loan options, cash buyer programs and post closing occupancies. 

Post Closing Occupancy

3 Ways to Hassle-Free Home Selling. Sell Your Home Quick & Easy.

It’s time to sell your home but you don’t want to waste time with the hassle of selling your home? No problem. This video has some quick tips for hassle-free home selling. There are some options to sell your house without any showings but there are also ways to sell your home for top dollar in a short period of time which will accomplish both making home selling easy and getting you a nice return on the property.

It’s become very common to sell your home to an ibuyer but should you sell your home to Zillow? If you are working with a professional Realtor, they should be able to coach you through selling your home quickly without having to take less money from a large investment company. 

Some things I would suggest for a quick home sale:

  1. Price it right. Pricing too high will push away potential buyers.
  2. Stage it. Good staging sells homes faster and for more money.
  3. Great photography. Online photos get people to houses for more showings.
  4. Hold open houses. Get as many people to the house as possible and make sure potential buyers see that many other people are interested.
  5. Promote the listing. Get as many eyes on it as possible.
Easy Home Selling Tips

For more information about selling your Northern Colorado home text me at 970-203-5066. Or for more information on Andy Hawbaker, visit the About Me Page.

If I Sell My Home, Where Will I Go? – Real Estate Questions Answered

In a hot sellers market I get this question a lot from people thinking of selling their home. If I sell my home, where will I go?

This real estate question comes up a lot because it is a real fear of home sellers that their home will sell so fast and they won’t have time to find a new home. Don’t worry, you won’t be homeless. There are many ways to work a transaction to give you time to find a home. 

The concern starts with the realization that in a hot real estate market it is really hard to buy a home contingent on the sale of your current home. One easy solution to that is a Bridge Loan. Text me because I have a great option for bridge loans.

Outside of adjusting your financing, it is pretty common to request a Post-Closing Occupany where you stay in your home after closing for 30 to 60 days. In a really hot real estate market the buyers may let you stay in your home rent-free for that time which can really help out on your home search and since you’ve already closed you have the cash to make stronger offers on the home.

This is just the beginning. There are a lot of ways to structure a transaction to give you time to buy a new home. As a last resort, you could get a short term rental. 

Text me at 970-203-5066 and we can talk through the details of your particular situation.

*Andy Hawbaker is a licensed Realtor with 8z Real Estate in Windsor, CO.*

house for sale