Archive for October, 2007

5 Things Homeowners Can Do for the Environment

Sunday, October 15th was Blog Action Day.  The goal was for bloggers worldwide to post about the environment.

 
Just because Blog Action Day is over, however, doesn’t mean we should stop talking about the environment.  Here are five simple but effective things homeowners can do to make their lives more earth-friendly.

 

#1: Recycle.  It used to be that recycling was a luxury only the wealthiest homeowners can afford.  Not so anymore.  Recycling has become much more affordable, and there are a number of different services (and levels of service) to choose from.  Alternatively, many communities provide recycling dumpsters where you can drop off your recyclables, usually at no charge.

 

#2: Convert to electronic billing.  Many credit card companies, lenders, phone providers, and other businesses now offer electronic billing.  Instead of getting paper statements, you will get an email statement or an email reminder to check your current statement online.  You can usually pay online too, which saves paper on not only statements, but also on unnecessary checks and envelopes.

 
#3: Landscape to use less water.  You may have already seen the Denver Water signs around town: the “Use Only What You Need” campaign.  Frequently these signs are displayed on residential properties, where homeowners have landscaped with water conservation in mind, choosing rock beds, mulch, and low-maintenance shrubs over thirsty gardens.

 
Whether or not you want that square, orange sign displayed in your yard, the goal behind the campaign is noteworthy: Use less water on superfluous things such as landscaping, so that we have more (and longer-lasting) water for the things that really matter.

 
#4: Use less water inside the house, too.  Conserving water doesn’t have to be limited to the Great Outdoors.  Inside the house, you can use less water in a number of ways: Wait to do laundry or run the dishwasher until you have a full load, turn the water off while you are brushing your teeth or handwashing the dishes, and put a time limit on your showers.  Conserving water will benefit not only Mother Earth, but your bank account, too!

 
#5: Buy energy-conserving appliances.  I’m not saying you should run right out and spend thousands of dollars on new appliances.  However, appliances do need replaced periodically.  Most appliances can be found in energy-friendly varieties for about the same price.  Front-loading washing machines have also become popular, as they use considerably less water than the traditional top-loading kind.

 
As homeowners, we are in a unique position: We have control over things such as the kinds of landscaping we do and the types of appliances we buy.  We also have greater access to opportunities such as recycling, which can be difficult to get service for renters – particularly those living in apartments.

 
Doing things for the environment doesn’t have to be time-consuming or costly.  Simply making a few lifestyle changes, such as those listed above, can go a long ways toward preserving the environment for future generations.

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Colorado Real Estate Market stats for September 2007

The residential market is still showing signs of slowing, the total amount of homes sold slid by 25% to only 3,737.  The average sold price of residential homes feel 6% to $278,615 from $329,783 last month.

 

In the condominium market we only saw a total of 3,453 properties go under contract almost 20% less then last month.  Only 2,928 solds a 25% decrease from last month. 

As we head deeper into the winter months the market begins to slow and it becomes a great opportunity for anyone look for a home.  Search for

Colorado real estate at www.coloradohomehelper.com

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Real Estate Market in Aspen, Colorado Still Going Strong!

Recently, I discussed how the real estate slump has had little effect on the second home market in Colorado.  At the end of September, the Denver Post ran an article that supports this theory: The real estate market in Aspen is still going strong!

The gist of the article is that although real estate sales in Colorado’s Pitkin County fell a little bit in August, the sales for the year is still up from last year.  If that doesn’t sound promising enough for you, note also that 2006 was a record-breaking year, totaling $2.64 in real estate sales.  Sales for 2007 seem to be poised to set a new record.

The article also indicates that Pitkin County’s neighbor, Garfield County, has experienced a rise in real estate sales: Garfield’s August 2007 sales beat out the August 2006 sales by 30 percent.  Needless to say, that’s quite an increase for a country that is supposedly suffering a devastating housing market slump!

As you can see, the real estate slump depends mostly on where you stand.  From the point of view of Colorado mountain counties such as Pitkin and Garfield, the market looks pretty darn good right now!

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Good, Bad, Ugly in Investing in Real Estate

Investing in real estate is a tricky business as there are pros and cons involved. While it is possible to make a lot of money in real estate it is also possible to lose it all. The biggest disadvantage with investing in real estate is that there are no guarantees. 

Many times in nice areas to live real estate will not go down. But this is not the case everywhere. The real estate market fluctuates and while it can go up and you can profit from it can also drop where you will lose money and the real estate will not be worth as much as it was when you bought it.  

A good thing about investing in real estate is that the payment you make every month is fixed. There are no landlords to deal with and you do not need to worry about coming up with the rent, which can change. The mortgage company you use can also be lenient when you are going to repay your loan.  

It may be the case that your taxes go up. But this can be a good thing as your property may be increasing in value. You will also have various tax benefits if you own your own home. There are many things such as home repairs, mortgage interests, and taxes, which you can write off.  

One of the better things about investing in real estate is that you can enjoy your investment. This is unlike other investments such as stocks or bonds. You can decorate your home, fix it up, and do pretty much anything you want with your investment. By doing things like these you can also increase the value of your home.  

One of the bad things about real estate investment is that the property can be foreclosed on. If you can’t afford the property it can be taken from you. You can avoid this by budgeting properly and keeping a close eye on your mortgage statement. You also will have to deal with lenders and banks, which can get tiring.  

Owning a home is never easy. This is one of the major drawbacks to investing in real estate. You have to maintain the home, pay the bills on time, and worry about your investment. Owning property is not easy but it can be one of the most profitable as well as enjoyable investments.

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