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Happy New Year

by The Colorado Springs Group™
Happy New Year
 


"Cheers to a New Year and another chance for us to get it right."
- Oprah Winfrey
 

 

Jessica Laude
The Colorado Springs Group™
1755 Telstar Drive
Suite 300
Colorado Springs, CO 80920
 (719) 799-3686
 Info@ColoradoSpringsGroup.com
 
www.Colorado SpringsGroup.com
 

Emergency Ready Kit

by The Colorado Springs Group™

The Federal Emergency Management Agency (FEMA) recommends that all Americans have some basic supplies on hand in order to survive for at least three days if an emergency occurs. It is recommended that the Ready Kit should be assembled well in advance of an emergency.

The concept is to be able to survive for at least 72 hours until local officials and relief workers arrive on the scene. The disaster could be wide-spread and involve a lot of people that makes it difficult for relief workers to reach everyone immediately.

  • Water, one gallon per person per day for at least three days
    Fema ready logo2.jpg
  • Food, at least a three-day supply of non-perishable food
  • Battery powered or hand-crank radio and a NOAA weather radio with tone alert and extra batteries for both
  • Flashlight and extra batteries
  • First aid kit
  • Medications (prescription and basic)
  • Whistle to signal for help
  • Dust mask to help filter contaminated air and plastic sheeting and duct tape to shelter in place
  • Moist towelettes, garbage bags and plastic ties for personal sanitation
  • Wrench or pliers to turn off utilities
  • Manual can opener for food
  • Local maps
  • Cell phone with chargers, inverter or solar charger
  • Family and emergency contact information
  • Extra cash
  • Emergency blanket
  • Pet supplies if necessary

Click here for a print version of this list and additional items to consider adding to an emergency ready kit. The American Red Cross has a suggested list for first aid kits and has other items available for purchase at their online store.

Forced Savings

by The Colorado Springs Group™

One of the big banks has a voluntary program available that transfers $100 each month from your checking account to your savings account. In five years, the account owner would have over $5,000 because of a type of forced savings. 

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Similarly, when a person buys a home with a standard amortizing loan, each month, a part of the payment is used to reduce the principal loan amount. Amazingly, over $4,000 would be applied toward the principal in the first year of a $250,000 mortgage at 4% for 30 years. In five years, the loan amount would be reduced by almost $25,000 through normal payments.

The other dynamic that is in play is that while the unpaid balance is being reduced, appreciation causes the value to increase. The difference between the two makes the equity grow even faster. Three percent appreciation on a $250,000 home would increase its value in five year by almost $40,000.

A 30-year mortgage of $250,000 will be paid for in 30 years. At an average of 3% appreciation, the asset would be worth about $600,000. If you continue to rent, the asset belongs to your landlord instead.

Many experts believe that the homeowner benefits from the forced savings of amortization and the leveraged growth that takes place in the investment. It has been observed in the tri-annual Consumer Finance Survey by the Federal Reserve Board that homeowner’s net worth is considerably higher than that of renters.

Happy Holidays

by The Colorado Springs Group™

 

happy holidays.jpg


Wishing you and your family a safe and happy holiday.
 

 

Jessica Laude
The Colorado Springs Group™
1755 Telstar Drive
Suite 300
Colorado Springs, CO 80920
 (719) 799-3686
 Info@ColoradoSpringsGroup.com
 
www.Colorado SpringsGroup.com
 

2015 November Sales Activity

by The Colorado Springs Group™

Broken down by area to give a better prospective on the results for November. Single Family & Patio Homes

Black Forest: 6 Sales for a total dollar volume of $2,485,500

Briargate: 64 Sales for a total dollar volume of $21,292,274

Central: 52 Sales for a total dollar volume of $10,620,028

East: 46 Sales for a total dollar volume of $9,708,300

Fountain Valley: 102 Sales for a total dollar volume of $20,726,300

Falcon - Peyton: 58 Sales for a total dollar volume of $15,920,166

Marksheffel: 25 Sales for a total dollar volume of $6,924,114

Northeast: 69 Sales for a total dollar volume of $17,402,089

Northwest: 26 Sales for a total dollar volume of $9,267,700

Northgate: 25 Sales for a total dollar volume of $9,846,770

Old Colorado City: 26 Sales for a total dollar volume of $6,811,751

Powers: 75 Sales for a total dollar volume of $17,944,858

Southeast: 38 Sales for a total dollar volume of $6,305,650

Southwest: 37 Sales for a total dollar volume of $11,114,300

Tri-Lakes: 33 Sales for a total dollar volume of $13,855,678

West: 13 Sales for a total dollar volume of $3,358,900

"Based on information from the Pikes Peak REALTOR Services Corp. ("RSC"), for the period 11/1/2015 through 11/30/2015.  RSC does not guarantee or is in any way responsible for its accuracy.  Data maintained by RSC may not reflect all real estate activity in the market."

More Equity... More Options

by The Colorado Springs Group™

The more equity in your home, the more options you have. Since equity is determined by the difference between value and what is owed on a property, when homes lost value during the Great Recession, homeowners’ equity decreased.

Equity-250.jpg

 

Negative equity occurs when the value is less than the mortgage owed. According to CoreLogic, 91% of all mortgaged properties have equity and only 4.4 million properties remain in negative equity at the end of the second quarter in 2015.

A homeowner, who qualifies, can release part of their equity by refinancing the existing loan and taking out additional cash or by getting a home equity loan. The benefits include:

  • To get a lower rate on your current mortgage
  • To finance capital improvements on your home
  • To payoff higher interest rate debt such as credit cards or student loans
  • To purchase items that would not have deductible interest like personal cars, boats, etc.

It could be as simple as waiting for positive home equity so owners can move to another home without having to pay out-of-pocket expenses to sell their home.

Two Things Everyone Needs to Know About Plumbing

by The Colorado Springs Group™

The first thing every homeowner needs to know about plumbing is how to turn the water off in case of an emergency. It’s like having a fire extinguisher; you hope you never need it but you want it just in case you do.

Plumbing-250.jpg

 

Generally, the cutoff is in the front of the home. There may be a separate cutoff box on the owner’s side of the meter. If not, the owner needs to be able to open the water meter and turn it off there. This will require a water meter key which can be found at a local home improvement store and a wrench. Once you have the key, practice opening the meter door and check out how the shutoff valve works. Then, put the key in a quick and easy place to find when you need it.

The second thing a homeowner needs is a recommendation of two good plumbers. Having a backup name is always good in case your first choice can’t make it when you need them.

Some homeowners prefer to go the do-it-yourself route. There are plenty of DIY videos on the Internet but having the name of a good plumber if the job gets out of hand can be the tool that saves the day.

Our business puts us in touch with some of the most reliable and reputable service providers and we’re willing to share their names with you. Regardless of whether you “do it or delegate it”, being familiar with the basics can be very helpful.

Displaying blog entries 1-7 of 7

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The Colorado Springs Group™
6665 Wild Indigo Drive
Colorado Springs CO 80923
(719) 799-3686

Kevin & Jessica
The Colorado Springs Group
6665 Wild Indigo Drive
Colorado Springs, CO 80923
(719) 799-3686