Christine Leete Colorado Realtor

Christine Leete Colorado Realtor I am a licensed real estate agent in Northern Colorado! "Allow Me To Make Homeownership A Dream Come True for You!"

Colorado Real Estate Agent - Real Estate Services

Local Real Estate Market Update for August 2022 in Larimer County, CO.
09/29/2022

Local Real Estate Market Update for August 2022 in Larimer County, CO.

Fall candles are the perfect way to make your home feel and ready for the season! What’s your go-to favorite candle?
09/29/2022

Fall candles are the perfect way to make your home feel and ready for the season! What’s your go-to favorite candle?

It’s time for a change.We know, we know: you’re thinking about all the work and effort that goes into renovating your ho...
09/28/2022

It’s time for a change.

We know, we know: you’re thinking about all the work and effort that goes into renovating your home. But don’t let that stop you from making a change. Because sometimes a small update can make a big difference in how you feel about your space—and how much you enjoy spending time there!

09/28/2022

Reduce Stress - Calm your busy mind!

Short-Term vs Long-Term RentalsOver the past few years, there has been a lot of excitement about owning a short-term ren...
09/28/2022

Short-Term vs Long-Term Rentals

Over the past few years, there has been a lot of excitement about owning a short-term rental as part of an investment portfolio. This marks a dramatic change from the traditional long-term rental model. As more travelers utilize vacation rentals instead of hotel chains for their trips, you may be wondering if owning a short-term rental may be the right situation for your
needs.

Short-term rentals have caused a stir in many communities. Many full-time homeowners do not like having these properties in their neighborhood.
Unruly vacationers often bring a party atmosphere to their quiet streets and some cities have banned them completely. In other areas, they are severely
restricted in their use.

Another consideration is the amount of time a short-term rental will take to manage. Unlike their long-term counterparts, short-term rentals often
require more repairs and maintenance as the tenants do not treat these properties as their homes, as long-term tenants do. Short-term rentals also require someone to be available 24/7 to address any needs of the guests.

Of course, you can hire a property management company to handle these issues, but that will cut into profits and average 20%-30% of rents.

Short-term rentals can have a larger return on investment than long-term rentals, but they come with more work. They also have significantly higher
vacancy rates, advertising costs, cleaning, and maintenance costs. On the other hand, having a vacation property you can enjoy yourself may tip the scale. There is no one-size-fits-all approach to real estate investing.

Consider what works for you and make the best choice for your goals.

Building Equity With a Home Improvement PlanYour home is typically the largest financial investment you’ll ever make.Ove...
09/24/2022

Building Equity With a Home Improvement Plan

Your home is typically the largest financial investment you’ll ever make.

Over time, we expect the equity to increase through increasing property values and a decreasing mortgage balance. While homeowners recognize the need to maintain the home in good condition, one of the best ways to maximize your home equity is to create a plan for ongoing improvements and updates.

Often the interest in a remodeling project results from either an unexpected windfall or financing for a specific project but by planning for ongoing
improvements, any homeowner can engage in updates to stay current with market trends.

As tastes change, homebuyers are attracted to new features. Outdoor kitchens, great room configurations, and home offices are just a few of the trends from the past few years. More timeless desires include more square feet, chef’s kitchens, and spacious bathrooms. To stay ahead of trends and build equity, smart homeowners should build a plan for continuous improvements.

In addition to developing a fund, build a road map for upgrades and enhancements. Consider the life span of major systems, such as the roof or HVAC systems; is end-of-life a good time to switch to solar energy?

Kitchen styles change dramatically every 10 years on average. Start saving for a kitchen style change on the same schedule. Can be a complete
remodel or simply a new countertop.

You may not plan to sell your home for years, but things change. No one wants to consider listing a home that is outdated, taking the financial hit
that comes with it. Now is the time to plan for regular updates to build equity, and you’ll enjoy the benefits of the changes too.

Inflation is Rising – Should I Still Buy a Home?World events and government spending has led to soaring inflation. The F...
09/23/2022

Inflation is Rising – Should I Still Buy a Home?

World events and government spending has led to soaring inflation. The Federal Reserve has only one tool in its arsenal to curb and reduce this trend – raising interest rates. While contemporary home buyers are accustomed to interest rates in the 2-4%, older homeowners remember being excited to get one as low as 8%. As yet, we have no indication such a drastic increase is necessary, home mortgage interest rates are creeping
up and potential home buyers may be asking if they should still try to buy a home.

One of the first things to consider is affordability. A higher interest rate will impact the amount of the loan each buyer can qualify for, potentially
reducing their spending power. Yet, home prices are also beginning to soften, so it’s possible that this correction will reduce any possible impact
from rising rates.

Secondly, home ownership has been a strong hedge against inflation historically. Buying a home locks in the cost of the largest budgetary portion
of your expenses – your housing cost. As the cost of living continues to increase, rents will also rise, continuing to add pressure to an already
strained household budget.

Finally, things change. Recessions do not last, home prices eventually rise, and home mortgages can be refinanced. Most homeowners move every
5-7 years and so potential home buyers should plan for this timeframe when making decisions.

Is this still the right time to buy a home? Inflation does have an effect, but it does not necessarily mean that one needs to hold off on a good home
purchase.

You know what they say: “Fall is the best season of all.”It’s true. Fall is, in fact, one of the most beautiful times of...
09/22/2022

You know what they say: “Fall is the best season of all.”

It’s true. Fall is, in fact, one of the most beautiful times of year (especially if you live in a place with changing leaves). But that doesn’t mean it’s all sunshine and rainbows—fall can be a bit of a wild ride for real estate agents and their clients.

So check out our advice on this graphic and let us know if you agree!

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