As the great recession rolled across American we saw a trend in which multiple generations began living in the same home together.
That trend has not abated today and we now see one in five families in American living in a multigenerational household with grandparents, parents and children — or even parents with just adult children. It most cases it brings forward a sense of family that we have not seen since American was a much more rural society. One of the problems a family may face when pursuing a common home can be found in both the financial and legal systems which are focused narrowly around the concept of single nuclear family housing.
Here are a few things that should be understood or considered as a family attempts to establish a multigenerational home.
The bottom line is that you need to make sure you have a clear understanding of how your desire to live together will be impacted by the rules of laws of a community. Further you will need to work through how moving in together might impact your future financial situation.
If you would like to know why Northern Colorado is a great place to consider setting up a multigenerational household here is some further information that we have written on this subject.
Come talk to us if you have questions.
Set magnificently in the foothills west of Loveland, this 10 acre property offers a custom built bi-level with walk-out lower area. It has wonderful foothill views from all windows and outside the home there are several wonderful areas to relax and enjoy the sunrises and sunsets — including a hot tub for star gazing in the darkness of a rural setting.
Upon entering the home you are greeted by a unique oak staircase. It has an open floor plan; wrap-around deck; 2 brick fireplaces; large newly remodeled country kitchen with new cabinetry, awesome stainless steel appliances and a high end gas range. The home also offers the option of an eat-in kitchen space or a large dining room for entertaining. Its wonderful skylights, vaulted ceilings and a special open design from upper to lower level add to the uniqueness of this home.
Call John directly at 970-412-1657 for more info on this great property!
This beautiful two story four bedroom home sits in the wonderful friendly neighborhood of Blackbird Knolls.The home has a spacious open feel, efficient kitchen with stainless steel appliances, beautiful hardwood flooring, and a large back yard with an extensive play area. Nearby one will find a great park and biking and walking trails. To top it all off Bodecker Lake is nearby to enjoy fishing, kayaking and paddle boarding!
All neighborhood schools are minutes away, including the popular Loveland Classical School. It is MOVE IN READY!! For more information or a showing please contact us.
See the Virtual Tour here:
Check out what is going on in Northern Colorado in July!
July 4th – 4th of July Community Celebration: Fort Collins
“The Fort Collins 2018 4th of July celebration begins with a traditional Independence Day parade at 10:00 a.m. The parade will travel west on Mountain Avenue, beginning at Meldrum Street and ending at Jackson Avenue. Please note that there will be street closures in the area of the parade and parking may be limited in some areas. In the evening, the celebration continues at City Park with live music and fireworks. Local bands will perform from 4:15 p.m. until 7 p.m. The Colorado Swing Band will perform from 4:15-5:15 p.m. followed by Guerrilla Fanfare Brass Band from 5:45-7 p.m. The Fort Collins Symphony, led by Maestro Wes Kenney, will play from 8:15 p.m. until the fireworks are scheduled to begin around 9:35 p.m. Independence Day concludes with the traditional fireworks display over Sheldon Lake in City Park. The fireworks display is scheduled to begin at 9:35 p.m., depending on wind and weather conditions.” More Info!
July 4th – Celebrate 4th of July: Lafayette
“Join us as we Celebrate the 4th of July at Waneka Lake! Enjoy an old fashion July 4th with Food from Abo’s Pizza, Suburban Wiener, Uturn BBQ and Butcher and the Blonde. Beer-Uturn, Cider-Stem Ciders & Wine Garden (fees apply). Kids’ Activities including Free Face Painting, Fees Apply for Bungee Trampoline, Bounce House and more. From 4:00pm-8:00pm Free concert featuring Chris Daniels and the Kings Free Fireworks show at dusk. No shuttle service provided. Parking will be on the surrounding City Streets. Please be considerate and don’t block driveways. Only service animals allowed in the beer garden area.” More Info!
July 4th – Independence Day Fireworks in Longmont
“For the best view of the fireworks, park at a nearby shopping center and either walk to the fenced area in front of the Jack Murphy arena or watch from anywhere within a one mile radius of the fairgrounds. Handicapped accessible parking will be available at the fairground’s Nelson Road (south side of facility) entrance. Handicapped parking permits will be required.” More Info!
July 4th – Celebration at North Lake Park: Loveland
“Voted one of the top 22 fireworks shows in the nation by USA Today! Located at the corner of Taft Avenue & 29th Street in northwest Loveland, North Lake Park also offers one of the area’s finest outdoor entertainment venues at the Norma & Lynn Hammond Amphitheater. Constructed and dedicated in 1996 by the Loveland Rotary Club, the City of Loveland, and many local philanthropists, this “state of the art” facility offers exceptional acoustics surrounded by grass seating. For the July 4th festivities, there will be close to 20,000 spectators gathered in this area!” More Info!
July 13th to July 15th – Estes Park Comic Con
“Coming July 2018, the comic world ascends to the little mountain town of Estes Park. The doorway to the Rocky Mountain National Park will be overcome with artists, celebrities, and the kings and queens of the comic world. Come join us as we celebrate everything nerd! From geekchic to the old school as we all come together to experience and relive worlds we all love and cherish together. Convention Trade Show, Celebrity meet and greets, Fun Family Games and a Mini Carnival.” Tickets & More Info!
July 21st to July 22nd – Pearl Street Arts Fest: Boulder
“A celebration of visual arts unlike any other. More than 100 artists from around the country gather to display and sell fine art ranging from jewelry and painting to sculpture and upcycled art. The event includes children's activities, interactive performances and more!” More Info!
July 26th to July 29th – Fort Collins Fringe Festival
“The Fringe Festival is a live, performance-art festival. With everything from theatre to magic to dance to film to puppetry to music to circus and fire-breathing, there is something for everyone at the Fort Collins Fringe Festival.” Schedule & More Info!
July 27th to July 29th – RockyGrass Festival: Lyons
“Late every July the small mountain town of Lyons, Colorado becomes the center of the bluegrass universe as generations of legends and future-legends and Festivarians converge under the red rock cliffs of the St. Vrain River. Originally founded by Bill Monroe and members of the Colorado Bluegrass Music Society, today's RockyGrass is known internationally as one of the great traditional bluegrass festivals. After 2014's rebirth celebration — held just 10 months after historic 500-year floods devastated the town of Lyons — RockyGrass has become a symbol of Lyons' strength and resiliency.” More Info!
The stock market has given me indigestion over the last several years. In 2008 when we had the worst economy that we have seen in our lives, the market crashed and small local and large national banks went out of business. What did real estate do during that time? Prices dropped 2.2% nationally and were more or less stable locally for single-family homes. Earlier this year in February, the Dow Jones dropped about 4% in one day – one never knows day to day what it will be doing in the next 24 hours. Real estate prices in Northern Colorado have continued to rise at around 8% this year according our local statisticians. This is higher than normal as prices have risen on the average about 5% during the last 10 years.
When I look at my stock market portfolio and compare it to the investment I have in real estate, I am far more comfortable with my real estate holdings. We purchased our home in 2010 for $313,600. Today, based on several online estimates and comparative properties I have looked at in the MLS system, its current estimated worth is around $515,000 - other properties, especially moderately priced rental properties, have increased like this as well. Our home has grown steadily in value and I feel confident it will hold its value – increasing proportionately along with other property in the unique NoCo market.
The average rate of return on what I consider to be conservative mutual funds has been around 4.67% for the last 20 years. The stock market in general has provided about a 10% return historically. But, if the market drops precipitously like it did in 2008, and you need to draw monthly income off your investments, you might never recover a significant portion of the money you lost because of these withdrawals associated with devalued stock investments. The long term outlook for real estate investment in NoCo remains very positive.
Current economic conditions are pushing interest rates up, so now is a great time to think about investing in real estate. You will sleep better at night if you do. We can help you with that – please contact us.
“An opportunity to taste the “Quality of Life” in Louisville. Come and enjoy excellent food served by our fine restaurants, craft booths, kids entertainment and informational booths from local merchants. You won’t want to miss the Louis-Palooza, which features local bands performing at the Steinbaugh Pavilion. The Louisville Farmer’s Market will be also be open during the Taste!” More Info!
“The Taste of Fort Collins is a Northern Colorado Tradition – a community celebration with family-friendly activities that are perfect for Northern Coloradans’ active lifestyle. Taste of Fort Collins continues to benefit the Eyeopeners Kiwanis Club of Fort Collins Foundation in its charitable activities in the community. This three-day festival offers attendees food from local and national restaurants, entertainment from regionally and internationally acclaimed musicians, and an eclectic display of fine artisans work as well as the region’s best crafters.” More Info!
“A summer of love and ambition under the stars kicks off June 9. Epic love stories, family dramas and laugh-out-loud fun are coming to the Colorado Shakespeare Festival this summer. On the heels of its wildly successful 60th season, the nation's second-oldest Shakespeare festival is set to focus on hidden gems and modern classics in 2018.” Tickets & More Info!
“This summer marks a milestone anniversary for this annual sell-out destination event, as the 1940’s WWII Era Ball celebrates its 10th year of transporting guests back to simpler times through music, costumes, a pin-up girl contest, food, drinks, and dancing. Returning for this momentous occasion is the world’s most popular and sought-after big band, the Glenn Miller Orchestra. Swing dancers will heat up the dance floor under a canopy of movie set lights while cigarette girls hand out rations. Attendees will have the opportunity to have their photos taken with WWII planes and military vehicles, stop by Casablanca's Rick's Café, mingle with WWII re-enactors, and dance the night away, all while enjoying top entertainment from the era.” Tickets & More Info!
“The 21st Annual Father’s Day 5k is back and better than ever with all new venue and course at the Foothills Mall in midtown Fort Collins. Come out and celebrate all the Dads in your life with a family friendly 5k followed by a post-race party filled with local beer, good food, and live music!” Registration & More Info!
The 29th edition of the award-winning Colorado Brewers’ Festival returns to Downtown Fort Collins on June 22nd, 23rd, and 24th, 2018! The weekend festivities feature 150+ Colorado beers, 40+ Colorado breweries, food vendors, artisan exhibitors and 10+ hours of live music on the Choice Organics Stage in Washington Park!” More Info!
“In the heart of historic Downtown Estes Park, at the intersection of Elkhorn (the main street) and MacGregor Avenues, the Midsummer Festival has celebrated our cultural heritage for over 25 years. Be inspired by the rich cultural heritage of Scandinavia. 80+ Artisans, organizations, and performers share our cultural heritage through food, crafts, demonstrations, and entertainment.” More Info!
“The Lyons Good Old Days Celebration is an occasion to celebrate the rich history of the town and enjoy the people, places and activities that makes Lyons such a special community. Good Old Days is a longstanding, highly anticipated outdoor community event that has it all including live music on the main stage, Food & Beer Garden, car show, and a weekend full of local talent and entertainment. And don't miss the Lyons River Run 5K, which kicks off the festivities! Free!” More Info!
May 5th – Estes Park Rotary Duck Race Festival
“Join the fun in Estes Park for the 30th Annual Estes Park Rotary Duck Race Festival on Saturday, May 5, 2018. We will launch thousands of yellow rubber ducks at 1 p.m., but the fun will begin at 8:30 a.m. with a Duck Waddle Fun Run and continue at 10 a.m. with a park full of activities and food for families. For a donation of $20 to the charity you select on our Duck Race Adoption Form, you will have the chance to win prizes, from travel vouchers to gift certificates to local merchants.” More Info!
May 5th to May 6th – Northern Colorado Cinco De Mayo Festival: Ft Collins
“A Celebration of Family Culture and Community! Join Us For… Food Vendors | Beer Garden | Live Band’s | Merchandise Vendor’s | Art’s & Craft Vendor’s | Zumba in The Square | Kidzone Area | Mariachi’s | Aztec, Ballet Folklorico Dancer’s | Inflatable Bounce House and Slides | Face Painting | Human Water Ball Pool | Home Depot Kid’s Workshop and MORE! The celebration of this annual fiesta provides an excellent means of education and sharing of cultural diversity among our communities. Events planned for 2018 are geared for all ages and people of all ethnic backgrounds. We hope you can join us for 2 days and nights of fun filled events for the entire community!” More Info!
May 12th to June 17th – Colorado Governor’s Art Show: Loveland
“The 27th annual Governor’s Art Show - the largest fine art show to exclusively feature Colorado artists - will bring together 56 of the state’s most talented artists, Legacy Artists, Sandy Scott and Jill Soukup, and thousands of visitors for a month long-exhibit at the Loveland Museum/Gallery. The art show has established itself as one of the top two art shows in the state, and among the many reasons Loveland is at the heart of the arts in Colorado.” More Info!
May 19th – ArtWalk 2018 Longmont
“ArtWalk transforms the downtown for two fabulous nights each year and offer the public a chance to experience more than 10 live musicians, live performances, see art being created by local artists, view the work of over 20 visual artists, engage in children's art activities, and experience Historic Downtown Longmont in a fun, festive atmosphere.” More Info!
May 25th to May 28th – Boulder Creek Festival
“For over a quarter century, the Boulder Creek Festival® has been the unofficial kickoff to summer in Boulder. Widely considered Boulder County’s favorite event, the Festival includes three days of festivities featuring a large variety of events, activities, food and entertainment unique to the Boulder community. The Festival is free to the public and features something for everyone: 9 separate event areas with 500 vendors showcase everything from community arts and crafts to healthier alternatives and technology while 4 performance stages feature a spectrum of music and dance. The festival also features carnival rides, food and beverage vendors, and the signature event: rubber duck race down the creek! Join us over Memorial Day Weekend 2018 for the 31st Annual Boulder Creek Festival®, the best event in Boulder!” More Info!
May 28th – BolderBOULDER
“The BolderBOULDER has grown to become one of the largest and most highly acclaimed 10K’s in the world. Almost 1.2 million runners, joggers, walkers and spectators of all ages have gathered over the years to create a spectacle that defies description. Each year we host 50,000+ participants and 70,000+ spectators at Folsom Field for what we like to call the biggest and best Memorial Day celebration on earth. The BolderBOULDER is still locally owned and operated, and our dream continues. This event has taken on a life that we never quite envisioned, and it rewards us every year beyond measure. We hope you will join us to celebrate fitness, our country and this great state of ours, Colorado.” Registration & More Info!
May 28th – 39th Annual Colorado Run: Ft. Collins
“Celebrate Memorial Day with the 39th Annual Colorado Run on a brand new date & a brand new course! The Colorado Run has moved to Memorial Day with a beautiful race courses & great post-race party. This is an event for everyone, whether you are walking with friends, running for an award, or even sprinting towards the finish line for the post race food.” Registration & More Info!
May 31st to June 3rd – Cirque de Soleil presents: Corteo – Loveland
“After thrilling more than 8 million people worldwide, CORTEO will embark on a new journey starting in March of 2018 as the same enchanting production, but now in arenas, giving more people the opportunity to enjoy a Cirque du Soleil show in their own town. CORTEO, which means cortege in Italian, is a joyous procession, a festive parade imagined by a clown. The show brings together the passion of the actor with the grace and power of the acrobat to plunge the audience into a theatrical world of fun, comedy and spontaneity situated in a mysterious space between heaven and earth. The cast of CORTEO includes 51 acrobats, musicians, singers, and actors from all around the world.” Tickets & More Info!
Buying a home in Colorado is without a doubt a great investment. Colorado ranks sixth in home price appreciation in the U.S. for 2017 with an annual appreciation of 9.76 percent (and a 59 percent increase over the last five years). That rate of return is a tremendous way to watch your money grow.
However, buying a home can be a daunting task under current market conditions for buyers. Lack of inventory is a serious constraint on sales volume in all NoCo Markets.
Here is what we are facing according to the Multiple Listing Service Summary Reports:
Recently we did a market analysis for a client of homes priced at around $325,000 in the Fort Collins area. We found 73 homes with similar parameters that had been sold since October 2017. Of these, 22 sold for less than asking price, 16 sold for more than asking price and the rest - approximately 1/2 of the homes - sold for asking price. Generally the above and below asking price sales were within a few thousand dollars of the actual asking price.
If a broker finds an available home that their buyer likes, then the above information indicates the buyer needs to have been prepared to come to the table with a strong offer. It is extremely important that the buyers have been carefully pre-qualified for a loan - or better yet fully qualified for a loan by a top notch mortgage lender.
Being fully qualified for an appropriated loan or having an all-cash offer are the two best scenarios that will turn the head of any seller, but a large earnest money deposit also signifies a buyer is serious too.
In summary, homes simply aren’t on the market for very long. The reality is that there are fewer homes for buyers and they go under contract quickly, which make purchasing a home very difficult for buyers. A buyer needs to have a good broker who knows when homes are listed as well as their up-to-the-minute status. We would be glad to visit with you about how we successfully negotiate the purchase of homes in this extremely tight difficult market. Please contact us so we can help you find that home you have been wanting.