Tag Archives: construction

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

Future Jobs Near Boulder-ConocoPhillips

Future Jobs Near Boulder-ConocoPhillips

Written by Michael Hughes            December  12,  2009

ConocoPhillips has said that their 20-year plan calls for the employment of more than 7,000 people a workforce that will include current employees and new hires at the site. The center will be looking at the next generation of transportation fuels and they will research, algae, wind power, photo voltaic, clean diesel, biomass and hydrogen fuel cells. There will eventually be a learning center to train employees from more than 40 countries. CP also signed a $5 million, multiyear, sponsored research agreement with a Colorado biofuels center including University of Colorado-Boulder to find new ways to convert biomass into low-carbon transportation fuels.  Among the first projects in the renewable energy portfolio will be the research and utilization of converting algae into renewable fuel. This is the separation and purification of lipids that are taken from algae, and can then be sent to oil refineries to be processed into gasoline. Algae have a rapid growth rate, but it doesn’t take food away from people or livestock – which is currently what is being done when farmers sell their corn crops to produce ethanol. The algae could even be grown in hostile environments such as deserts where nothing else will grow.

ConocoPhillips on November 12, 2009 submitted construction plans for its 450 acre campus in Louisville, a bedroom community of Boulder.  ConocPhillips plans to build 1.6 million square feet of office, research, support services, food outlets, childcare and hotel space. Some of the buildings will reach 95 feet or around 5 stories.  215 acres will be slated for open space. The initial phase of the construction is scheduled to be ready by 2013.

The attraction to being near Boulder is so clear.  It is an exclusive collection of lifestyles, fitness, climate, location, geography, the university, schools, the town’s character, the education level, and its rich and varied population.  Boulder is the best place in the world to thrive.

Contact me today if you or anyone you know in Boulder or the surrounding area needs real estate help or for just a quick question e-Mail michael.hughes@sothebysrealty.com Direct 303-359-6627 Website: www.bolderrealestate.com

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Filed under Boulder Economy, employment, Fuller Sothebys International Realty, green, Green Built, real estate, Tax Credit

The Top Ten Reasons Your House is Not Selling (Reasons 7,6 and 5)

The Top Ten Reasons Your House is Not Selling (Reasons 7,6 and 5)

By Michael Hughes November 20, 2009

 7.         Reason number seven your home is not selling is you have an inept listing agent. The agent doesn’t screen potential buyers to see if qualified. They have no idea when the best time of year is to put your type of home on the market, what % of homes sold in your area in your price bandwidth, how many buyers are in the market, in your price range, or how many months of inventory are currently on the market. They are not internet savvy and there is no written global marketing plan. They do not give you feedback immediately after showings and communication may be lacking. They have no intention of doing any more than the 3 P’s. PUT a sign in the ground, PLACE it in the MLS and PRAY it sells! Call me for an appointment. I will show you how we market homes the Sotheby’s International Realty way.

 6.         Reason number six your home is not selling is, there is a Surplus of homes on the market and yours is not the best in the price bandwidth. What to do? Talk to me to find out the quantum number of buyers in the market around your price bandwidth and if you are properly priced for your demography.  If you’re trying to sell in a flat market, you’re not only competing against all pre-owned homes in the same demographic but also vacant new construction as well.

 5.         Reason number five your home is not selling is Ineffective marketing. Do you have a written marketing plan? I do. Computers and the Internet also have changed the face of real estate. According to the National Association of Realtors, today more than 89% of all home buyers start their search on the internet. The best real estate agents are computer-savvy. Having your listing on numerous websites is a particular boon when working with an out of town buyer who is up at 2 am in southern California and can’t sleep and is surfing the internet because he was just transferred here to be the new CEO of Google in Boulder. Suffice it to say that if your real estate agent isn’t listing your home online through the company web site, the local MLS, and numerous other internet sites (at least 50-100 well known and branded websites) you may not be getting the exposure necessary to find a buyer.

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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