9 Things that Devalue a Neighborhood

9 Things that Devalue a Neighborhood

I recently read an interesting article about home prices and what can make a home more or less valuable.  Below is the list of nine top things which devalue a property or neighborhood, and my commentary on each:

1. Bad School District - I completely agree with this one.  Families with school age children are especially sensitive to being in a top rated school district and to not being in a bad one.  Even the nicest home in a poor district will be hard to sell at top dollar.

2. Located near a strip club - I sort of agree.  We don't have a ton of strip clubs here in Colorado Springs, and of the few that do exist they are far enough away from the houses that values are not drastically affected.

3. Area with a high rent concentration - I agree. If the majority of houses in a particular area are rentals, buyers think the neighborhood may not look as appealing. They assume tenants will not properly upkeep the homes. And apartments buildings which border a backyard are considered a drawback as well.

4. Homeless shelter nearby - Sad as this is, I have to agree that it will affect the value of a home.

5. Located near a cemetery - We have a few cemeteries in Colorado Springs.  The houses nearby are not directly affected so long as one cannot see the cemetery from them.  If the cemetery is across the street, then yes the value is affected.

6. Funeral home nearby - I don't agree with this one. I have not seen a drop in neighborhood values because a funeral home is in the area.

7. Power plant/lines visible - I know from experience that those large overhead power lines do negatively affect a property's value. Some of them even make a buzzing noise which makes buyers nervous. It doesn't matter how nice the home is...if near a large power plant or power lines, buyers will consider it less valuable.

8. Near a shooting range - I disagree with this one making a home less valuable. Here in Colorado shooting ranges are quite common. Most are indoors where you cannot hear the shooting noise from outside. And the outdoor ranges are not near housing.

9. Near a hospital - This one is on a case by case basis. Example: we have that nice, new Penrose Hospital near Powers and Woodmen. It's a lovely facility and has not negatively impacted house values in the nearby neighborhoods at all. But if you consider the older Penrose hospital downtown, that one is right across from a bunch of homes. When those ambulance sirens go off at all hours of the day, this makes the nearby houses less appealing.

If you are home shopping and want my opinion on the neighborhoods you are considering, don't hesitate to contact me. I am always happy to share information.

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Just Listed - Land with 360 degree views & rock formations

Just Listed - Land with 360 degree views & rock formations

Lot 5

When you think of Colorado, this piece of land could be the state's official postcard. 1.67 acres of land in Cripple Creek Mountain Estates Community with rock formations and to die for views. Community benefits include, Fitness Center, heated Indoor Pool, Library and playground. For more information, visit www.goldencyclecircle.com, or give me a call.

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The 2016 HBA Parade of Homes

The 2016 HBA Parade of Homes

One of my favorite local "real estate" events is put on by our local Housing and Building Assocation (HBA) annually in August. It's cool because we get to see 30+ homes in all price ranges, new design innovations, colors, staging, furnishings, floor plans, etc!

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The public can enter all of these homes with one ticket, purchased though the HBA or at local Safeway and Albertson's grocery stores For $10. Anyone under 18 is free... I think that's still true anyway. 

BIG CHANGE... Okay, sort of... They are normally open 17 days from a Friday through Sunday for just over 2 weeks. Well, this year they are open Wednedays through Sundays only, August 3-21... So kind of 3 "long weekends". I'm sure many weekdays are not well attending so in order to give the builders and their hosts/hostesses a bit of a break on Mondays and Tuesdays. 

If you have any questions, please feel free to visit www.springsparade.com to include ticket, builder, house info. Have fun!!!

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Just Listed in Briargate! 2130 Summerset Drive Colorado Springs CO 80920

Just Listed in Briargate! 2130 Summerset Drive Colorado Springs CO 80920

This spacious townhome is centrally located in Briargate near shopping, parks and the Air Force Academy!  The immaculate upper level features gorgeous flooring throughout an open kitchen, formal dining room and living room complete with a gas log fireplace. The kitchen has plenty of cabinets and counter space as well as a large island.

The master suite has a walk-in closet, 5-piece ensuite bathroom, and its own private deck.  The master bedroom shares the upper floor with a second bedroom, also with a walk-in closet and adjoining full bathroom.  The laundry room is conveniently located upstairs with soaking sink, hanging space and cabinets included!  Downstairs you’ll find a 3rd bedroom with adjoining bathroom and walk-in closet, a spacious family room with a walk-out to the back yard, and a wet bar with fridge. An upper level deck off the living room has stunning views of the Front Range and a gas line for an outdoor grill if desired.  The attached 2 car garage has a wall of cabinets with a work space.  Storage space available throughout this home will amaze you. This home has AC and carpet was replaced July 2016.  HOA provides exterior maintenance, trash and snow removal.

For more info, visit: https://www.springshomes.com/mls/5429202-2130-Summerset-DR-Colorado-Springs-CO-80920 or give me a call.

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New Listing in Fountain - 6850 Woodstock St Colorado Springs CO 80911

New Listing in Fountain - 6850 Woodstock St Colorado Springs CO 80911

Nice starter home in Fountain. This sweet home near Fort Carson and Peterson welcomes you as soon as you drive up. The main level has vaulted ceilings, beautiful flooring, a large kitchen and nook which could be your formal dining room, 2 bedrooms and a full bath. Downstairs has an open family room, another bathroom, laundry room, 3rd bedroom and room for a 4th bedroom! The expansive backyard may be what steals your heart. Fully fenced, with a good-sized deck boasting room for open storage under the deck, and yard ready for anything! Hurry to see this one, it is a dream starter home!

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