| Happy June! Summer is officially here in Colorado – although it’s been a really wet spring. Property tax assessments came out recently and most are up considerably. Find information about the assessments for Jefferson County or Denver. My friend, mentor and fellow investor Anson Young filed a really informative video that dives into this. In other Real Estate News, the Colorado Supreme Court ruled that landlords must provide 30 days’ notice of an eviction for federally supported housing units, a requirement that Congress enacted in the early COVID days that had never expired. The landlord association said, “Permanently extending this time to 30 days will necessarily result in additional delays and expense in regaining possession of rental properties and hence in lost rental income, and will also result in delays in the turnover of properties during a time of severe housing shortage.” As for the Denver Market, below are some high level stats: Arvada new listings are down 24% year over year and days on market are up 230% while prices are down 6% year over year Wheat Ridge new listings are down 22% year over year and days on market are up 260% while prices are down 7% year over year Lakewood new listings are down 22% year over year and days on market are up 220% while prices are down 3% year over year If you or someone you know is thinking about buying, selling or if you’re interested in what your home is worth, let’s connect! | |
| Off-Market Investment in Lakewood, Colorado Address: 1671 S Wadsworth Blvd, Lakewood, Colorado Off-market property available in dynamic Lakewood location! The move-in home has been recently renovated with major updates including new energy efficient windows, renovated bathroom, new water heater, new vinyl flooring throughout the downstairs, frontage fencing and a new garage door. Sewer line has been cleaned and is in good shape. Close to shops and restaurants at Belmar, large Kendrick Lakes park, trails along Bear Valley and Heritage Parks, close to highways for mountain access, and amenities in the area to enjoy. It’s been operating as a short-term/mid-term rental – P&L available for serious inquiries. Home is being offered off-market for $520 – comps are in the $560K range. The home can be sold fully-furnished.If you’re interested, know of anyone who might be, feel free to forward to them or shoot me an email – happyhomescoltd@gmail.com | |
| How Much Does it Cost to Rent? I recently spoke with someone moving to Denver, who wanted some perspective on neighborhoods. Not quite ready to purchase, they were interested in renting – so I dug into how much it cost to rent in some of the coolest neighborhoods in the area: Old Town ArvadaOld Town Arvada is near and dear to my heart, as Mike and I live walking distance from the lively scene! From Breweries (DBC & New Image are favorites) to coffee shops (Bluegrass Coffee & Bourbon which also doubles as an amazing bar! ) and restaurants to frisbee golf courses, parks and the Ralston Creek Bike path! Median rent for a 1-bedroom $1,295 (as of April 2023) Highlands/West HighlandsRestaurants galore, art galleries, city views from rooftop bars….The Denver Highlands is a fabulous neighborhood for walkability and vibe. There are three distinct areas that make up this area – Highlands Square, Tennyson St and LoHi. Median Rent for a 1-bedroom $2,073 Berkeley (near/on Tennyson)The Berkeley neighborhood, especially Tennyson St, is urban sprawl in all its glory! Artisan pizza, coffee shops that you can curl up in, patio bars that have happy hours with amazing people watching and adorable shops. Median Rent for a 1-bedroom is $1980 Sloan’s Lake/Edgewater Mountain views with city feels, Sloan’s Lake has become quite a hot spot. The lake allows boating, and Paddle Boarding and there’s a paved 2.6 mile loop around the lake. And if you get thirsty, Odell Brewing Co and Joy Ride Brewing can quench your thirst! Hungry little fella? Head to the Edgewater Public Market to try more than 15 food stalls with food from around the world, then stroll the cute shops or hang in Roger’s Bar. Median Rent for a 1-bedroom: $1,575 LoDo If you’re more of a city go-er, LoDo may be the spot! While it’s Denver’s oldest neighborhood, it’s got some of the city’s newest vibes. From Larimer Square to Union Station, there are tons of hip digs to visit. Median rent for a 1-bedroom is $2,440 Cheesman ParkSmall but mighty Cheesman Park neighborhood has a little bit of everything. Great restaurants, the Denver Botanical Gardens, ice cream parlors and coffee shops. Median rent for a 1-bedroom $1599 Golden , ColoradoNamed for the discovery of gold in the mid-nineteenth century, Golden is now a vibrant scene of natural beauty and hip scenary. From hikes on North and South Table mountain to floating down the clear creek in the summer Median rent for a 1-bedroom $1695 If you’re thinking about moving or know someone moving to Denver, let’s connect! | |
| Tips & Teachings I’ve been really going inward lately, not spending as much time on social media, really thinking about the things I’m saying Yes to, as well as the things I’m saying No to…or just not partaking in at all. I’m sharing some quotes, articles and podcasts I’ve listened to over the past few weeks that have echoed this. Money does not change things, it unmasks them. -Henry Ford If there’s an option, always choose to hang with the optimist. Think about time as an investment, so you can be more mindful of when and where you spend it. Here are a few podcasts I’ve listened to that I found extremely helpful in my business, finances, life! Enjoy! Goal Diggers: Use This 4-Part-To-Do to Manage Your Time Better Erika Taught Me: Are Your Relationships Healthy? Stacking Benjamins: Is Being Great Holding You Back? |
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| Have Questions? Reach out to happyhomescoltd@gmail.com about real estate investing or if you’re looking to buy or sell! |