Tag Archives: appreciation

The Truth About Replacement Vs. Resale

The Reality of Remodel Vs.Resale

By Michael Hughes December 19, 2009

When home owners remodel they improve their property.  The reality is that improvements while good to enhance the sale of a home will not result in a higher price for the property.  The best ROI is a new front entry door replacement at about 128% return and the poorest return being a home office remodel with a return of 48%.  Conventional wisdom says that bathrooms and kitchens are the most popular rooms to remodel. Check this out to see what investments in different areas will return.

Midrange Projects              Job Cost            Resale Value            Cost Recouped

Basement Remodel                  $62,067              $46,825                               75%

Bathroom Remodel                  $16,142               $11,454                                71%

Major Kitchen Remodel            $57,215               $41,260                               72%

Upscale Projects

Bathroom remodel                   $52,295             $32,196                                 61%

Siding Replacement                 $13,287            $11,112                                  83%

Major Kitchen Remodel            $111,794          $70,641                                63%

Questions? Need help with Real Estate?  We can help you.  Call or write today.e-Mail michael.hughes@sothebysrealty.com Direct 303-359-6627 Visit our Website: www.bolderrealestate.com Visit us at Facebook http://www.facebook.com/home.php#/pages/Boulder-CO/Boulder-Real-Estate/205684724655?ref=ts

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Filed under Boulder Economy, energy efficiency, Fuller Sothebys International Realty, insulate, real estate, recycle, Remodel, reuse

Boulder Colorado–One more thing to be thankful and grateful for

Gratitude unlocks the fullness of life. It turns what we have, into enough, & more. It turns denial into acceptance, chaos to order, confusion to clarity. It can turn a meal into a feast, a house into a home, a stranger into a friend. Gratitude makes sense of our past, brings peace for today, and creates a vision for tomorrow.” – Melody Beattie

On the street people are talking about the local real estate market improving.  Scott Smith said “When the full recovery begins, it will probably begin here.”  Citing Boulders’ continued strength in attracting new businesses, strength in the energy industries, will continue to stabilize Boulders’ economy.   Even the most talked and debated business in town has boosted the commercial space real estate sector-yes Medical Marijuana.  Housing affordability is at an all time high and as always interest rates will fluctuate throughout 2010.  The last real hurdle to economic recovery is the reinstatement of consumer confidence from the lows that they sit at today.  As the economy improves people will relax and consumer confidence will rebound.  Happy Thanksgiving!  May 2010 be blessed with great momentum.  Cheers!

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Greatest City on the planet: Boulder, Colorado

Greatest city on the planet;  Boulder, Colorado!

By Michael Hughes November 25, 2009


We have so much to be thankful for; we live in the most beautiful Colorado town on the planet.  We have enviable weather where many people walk or bike to work or class.  The blue skys, the crisp mornings, the wonderful running, biking, hiking, climbing are awesome .  World class restaurants, chefs and foodinistas.  Life is supposed to be fun!  Boulder!

Parts of the movie “Sleeper,” with Woody Allen, were filmed at the National Center for Atmospheric Research and at the clam shaped “spaceship” house along I-70.

Running, walking and bicycling are so highly regarded in Boulder that sometimes the city plows the Boulder Creek path before they plow the streets! Priorities!

The well known television show Mork and  Mindy utilized a house in Boulder on Pine St. for the exterior shots of the characters home.

Baseline Road is a significant east-west route to both Boulderites & cartographers, as it marks the 40th parallel on world maps. The total length of Baseline Road is about 38 miles.

A 1992 survey by the Centers for Disease Control found that Colorado had fewer overweight people per capita and more people who exercise than any other state.  Because we have numerous opportunities to workout and move our bodies.

A Colorado Daily poll found that seven out of ten Boulderites own bicycles. Another guidebook states that Boulder’s bicycle count is approximately 93,000 – almost equal to the total population!

The Chautauqua Auditorium is an all-wood structure built in 1898. In the evening, when the Colorado Music Festival musicians stop playing, you can often hear the rafters-dwelling owls hooting along with the music.

The Flatirons got their name by pioneer women who said they looked like flat, metal irons used to iron their clothes.

Flagstaff Mountain was named for the flagpole that sits on top of the summit, which was visible when Boulder was first settled, as it was a completely treeless plain.

Scott Carpenter, a NASA astronaut, grew up in Boulder. He named his space capsule after his home on Aurora and 7th St. The capsule was Aurora 7.

The University of Colorado at Boulder’s buildings are built with red sandstone, quarried in nearby Lyons.

With majors Coors, Anheuser-Busch this area has become the largest beer-producing area  in the world. Not to mention the microbreweries (Boulder Beer, Walnut Brewery, Left Hand, nearby Oskar  Blues and many more).

Robert Redford was a janitor at The Sink, before moving on to become famous!

Boulder has more used bookstores per capita than any other city in the country.

Boulder’s going to the dogs! Recent visitor counts to Boulder Mountain Parks found a ratio of 1 dog to every 5 visitors.

Every year, Boulder Mountain Parks core area receives 1.8 million visits.

In 1967, Boulder became the first city in the United States to tax itself for funds to be used specifically for the acquisition, management and maintenance of Open Space.

The Hotel Boulderado was named by combining Boulder and Colorado so no visitor would ever forget where they had stayed.

Best of Boulder

Boulder has won more accolades than any other city in America for its recreation, culture, health, business climate and overall quality of life.

2008

America’s Smartest City – Forbes magazine, February 2008

The West’s Greenest Restaurant – The Kitchen – Sunset magazine, March 2008

Top 10 World’s “Greener Cities” – Urban Land Green magazine, Spring 2008

#5 in “Top 25 Best Green Places to Live” – Country Home magazine, April 2008

Top Pick for Food & Wine Vacations – Organic/Veggie – Orbitz, April 2008

Top 25 Destinations in the US – TripAdvisor, April 2008

Top 100 Destinations in the World – TripAdvisor, April 2008

#3 in “Top 10 Cities for Masters Runners” – Masters Athlete magazine, May 2008

The 10 Brainiest Places to Retire – US News and World Report, May 2008

#8 in “Top 25 Small Cities & Towns for Art” – AmericanStyle magazine, June 2008

America’s Top 5 Cities for Cycling – Bicycling magazine, June 2008

2007

#8 in “Top 10 Cities for Artists” – BusinessWeek, February 2007

Top Triathlon Town – Inside Triathlon magazine, April 2007

#7 in “Top 25 Best Green Cities” – Country Home magazine, April 2007

#5 in “Best Cities for Empty-nesters” – Kiplinger’s Personal Finance, June 2007

Top 10 Hottest New Restaurants – Bon Appetit magazine, June 2007

#8 in “Top 25 Small Cities & Towns for Art” – AmericanStyle magazine, June 2007

#3 in “Top 10 Rooftop Bars” – Sunset magazine, July 2007

#6 in “Top 10 Farmers’ Markets” – EatingWell magazine, August 2007

Best Places to Retire – US News and World Report.com, August 2007

#1 “Top Small-City College Destination” – Denver Business Journal, October 2007

#4 “11 Most Bicycle-Friendly Cities in the World” – Virgin Vacations.com, Nov. 2007

Top 10 Best New Restaurants – 5280 magazine, December 2007

Contact me today if you or anyone you know needs real estate help….
e-Mail michael.hughes@sothebysrealty.com Direct 303-359-6627 Website:www.bolderrealestate.com

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