May Newsletter

May brings warmer weather, mountain biking and more inventory! Up ever so slightly from last month, the spring housing market continues to keep us on our toes. Mortgage rates have climbed 1.5% since the beginning of the year, which is the highest quarterly jump in 28 years. I truly believe Colorado will remain a desirable place to live, so homebuyers should still pursue buying here – it’s a playground year round! And with more and more people being location agnostic, working remotely from a destination that you choose for your lifestyle, instead of just your work, well this couldn’t be a better choice in my opinion. Mike and I have followed this advice this month and headed down to Canon City to work where we love. Mike is helping our friends renovate a cabin on their beautiful property near Royal Gorge Colorado. When complete, they’ll Airbnb the space to get closer to their financial goals. Have questions about setting up a similar situation? Don’t hesitate to reach out!      

Market Snapshot 

With rates rising and inventory still low, the market continues to be a bit nutty. Here’s a snapshot of the single family houses in neighborhoods I’m keeping my eyes on for myself, as an investor, and clients. 

Arvada 

Median Closing Price over List – 102.9% (sold price divided by the list price)

On average, houses sold in 4 days for $682,776

City Park & Park Hill 

Median Closing Price over List – 107.6%

On Average, houses sold in 7 days for $1,546,308 

Preparing our Airbnb so we can Travel for a Month 

I’ve been using Airbnb to travel and host since 2009! Last summer Mike and I purchased a truck camper and ever since have taken road trips where we rent out our primary via Airbnb – which makes us money while we travel. While gone in Canon City – a total of 27 days – we’ve rented the house out for a total of 22 days. Here’s how I prepared: 

Coordinated with the cleaner – I self Manage our Airbnb and  use a local cleaner that speaks limited english. I created a cleaning checklist, in Spanish, along with the turnover dates in between guests that I print out and give to her. She doesn’t use Venmo, so I pre-wrote checks with the dates of cleaning, so she wouldn’t have to wait for payment. 

Trash, Recycling, Plants & Hot Tub Maintenance – To ensure trash & recycling gets put out, I printed out the schedule to include in the house manual. We also pay a neighbor to come water the plants and maintain the hot tub maintenance while away. 

Stock Paper Supplies & Amenities – Before we left, I bought extra toilet paper, paper towels, bars of soap, conditioner & shampoo so guests would be well-stocked since there are 3 different groups staying while gone!     

Tips & Teachings

Small consistent improvements have been on my mind lately – and I’ve been thinking about the massive change that can come from continuously implementing them. Here are some tips and resources I’ve been utilizing lately! Have questions or want help or guidance moving forward with some of these concepts? Don’t hesitate to email me!  

Questions about real estate investing?
Don’t hesitate to reach out!

HappyHomescoltd@gmailcom
484-883-3481

Published by happycatie

It all began 20+ years ago, in high school, when a boy met a girl and fell in love. Big parties, summer vacations, a big red jeep. Happiness came easy and was plentiful. Ah, but youth is wasted on the young and so the boy and girl went their separate ways.... Fast forward through college, first & second apartments, trips around the world, motorcycle accidents, moves to different cities, jobs and more jobs, starting a company, falling for two horribly wrong people which led to two broken engagements, then reuniting with each other, moving to Colorado, starting another business together. Yup, that about sums it up. Oh That leaves us, Catie & Mike, 20+ years later. We saw the world apart & now are venturing through, exploring happiness together. From creating new tastes in the kitchen, to venturing to new countries, hiking, biking or skiing, tourino craft brews, entertaining friends and family, to upgrading the house, or flipping and gutting an investment property, it's us, enjoying the ride. We're not making up for lost time, we're just not losing any more of it. And so our happy adventures begin...Follow us at happyandweknowit.com

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