The Smartest Home Improvement Investments

This year, some of the smartest home improvement investments are also the least expensive for homeowners. The National Association of Realtors, NAR, has posted the results of the 2009 Remodeling Cost vs. Value Report and they show small-scale exterior projects not only enhance curb appeal, but are the most profitable at resale.

On a national level, 80 percent of projects were exterior replacements that cost less than $14,000. Steel door replacements, midrange and upscale siding and window replacements, as well as wood deck additions are some of the most profitable projects.

2009-2010 Remodeling projects that are most profitable
Below are the top ten projects in the Mountain region that recouped the most value at resale. The chart shows the average cost of the project and how much it recouped. More projects and information can be found at:  www.Remodeling.HW.net.

Project                                      Cost of Job               Resale Value             Cost Recouped

Entry Door Replacement (steel)     $1,138                  $1,265                       111.2%

Siding Replacement (vinyl)              $10,284                $8,222                        79.9%

Window Replacement (wood)         $11,156                  $8,888                       79.7%

Deck Addition (wood)                       $10,608                 $8,395                      79.1%

Window Replacement (vinyl)          $10,239                 $8,006                        78.2%

Basement Remodel                         $58,743                 $45,170                     76.9%  

Minor Kitchen Remodel                   $20,805                $15,944                     76.6%

Attic Bedroom                                $46,239                $34,902                     75.5%

Major Kitchen Remodel                $55,336                 $40,382                     73.0%

Roofing Replacement                   $17,727                 $12,531                     70.7%

  

 

Source: Remodeling Cost vs. Value Report 2009-10.

Luxury Highmark Condos Going to Auction on March 12!

The Foreclosure Clock is Ticking!!!!   Located at the corner of Village Drive and Apres Ski Way is the 23 unit, elegant Highmark Condo complex.  Opened in 2008, in a prime location just across the street from the ski in/out One Steamboat Place.   Fifteen of these developer-owned condos are going to be auctioned, one will be absolute.   I showed them to some clients from Chicago this past Friday and they fell in love with the superb finishes, like 9′4′ volume ceilings, crown molding, 8′ panel doors with fluted casings & rosettes, 8′ tinted insulated douple glazed french doors onto balconies, high-tech communication outlets with category five data, video/audio, tv and telephone lines.  Gourmet kitchens include custom raised-panel cabinetry with European-style hinges, under counter task lighting, slab granite countertops,  top of the line applicances like GE Monogram Gas Range, built-in side-by-side refrigerator with ice & water dispenser, built-in convection double ovens…etc.  All condos come completely, magnificently furnished.  Amenities include concierge, stand-by shuttle, heated indoor & outdoor swimming pools, spa, private state-of-the-art health & fitness club, secure heated under-building parking garage, owner’s club room with fireplace, game tables, large high-def TV.   What a great opportunity!  For more information regarding the property and how to register for the auction, feel free to give me a ring or email.

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1325 Dream Island Plaza #68 Steamboat Springs, CO

Like Pleasant Surprises???

Cute as a button, this 3 bedroom/1 bath mobile home is like new.  Immaculate in every way, ready to move in .  Great curb appeal from the welcoming red brick pavers to the new redwood-stained front porch.  Remodeled in 2009 to include a new roof, hot water heater,cabinets, carpet, wood flooring,light fixtures, paint and storm windows. New stove, microwave and almost-new refrigerator.  Window A/C unit included. Store all your Steamboat toys in the 10 X 16 storage unit.  Shadow box fenced yard for your pets.  Financing Available.

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 Purchase Price-             $37,500
 70%  Financed                $26,250
 Principal and Interest   $525.00 per month
 7.25% interest for 60 months. 

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1426 Harwig Circle Steamboat Springs, CO

Live in Aspen View Estates

This wonderful, aspen-covered parcel is perfectly located between downtown and the ski area in the highly sought after Aspen View Estates subdivision.   A fairly level building site is ready to go with sewer/water taps pd, soils test done, plan exam fees paid, survey and even the house plans are included. This is a south-facing lot, so take advantage of passive solar and no need to worry about that dreaded north-facing driveway.   Such a rare find within the city limits at this price! Take advantage of Steamboat’s current Buyer’s market.         Sale priced to sell at $325,000.

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23130 Schussmark Trail Stagecoach, CO

Spacious Stagecoach Townhome For $179,900….

This is a one-of-a-kind opportunity to purchase a large 4 bedroom townhome at foreclosure/short sale pricing without all the bank hassles. Why pay more?   This is the best of the best buys in Stagecoach.  First home Buyers…take advantage of that $8,000 tax credit.  Savvy investors…If you’ve been watching our market, you know that this is a true buy.  This unit is immaculate with lots of natural light, but could use some cosmetic updating in the kitchen and baths.  Enjoy breathtaking views of the valley, lake and surrounding mountains when you have your morning coffee.  As you know, the beautiful Stagecoach area with all of its Summer and Winter activities, sells itself.  The exterior siding of Bldg 1 was remodeled in 2005. Low Association dues.  Pets are welecome.

 

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29325 Oak Dr. Steamboat Springs, CO ****Bank Owned Land****

 

Elk River Estates

Calling all bargain hunters…This is the ultimate sunny building site with fabulous views and gentle slope.  Why live in the boonies?   Have the feeling of seclusion and wide open spaces, but with all the creature comforts.  Very private location on the end of a cul-de-sac.  Elk River Estates is a horse-friendly subdivision within 4 miles of Ski Town U.S.A.  A true buy, for it is the only buildable parcel over 5 acres, under 375K within 5 miles of the city limits. This property is priced to sell now at $230,000!  Alpine Bank financing is available for qualified borrowers.

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2524 Copper Ridge Dr. Steamboat Springs, CO

Live/Work/Play in Steamboat Springs                              

This is your perfect business/home combo in Steamboat Springs. Twelve ft roll up door in warehouse to accommodate large vehicles, with double doors opening  into finished office area.  Convenient half bath is located downstairs.  Living space is the ultimate with warm hickory flooring throughout, solid oak doors, cabinets and trim, slab granite countertops and travertine tile in main bath and entryway. Pets welcome. This is an end unit in a very quiet complex. Priced to sell now at $299,000.

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2800 Eagleridge Drive Steamboat Springs, CO

The Meadows At Eagleridge

It’s time to maximize your Steamboat memories.  Have it all…short walk to ski and ride, take a dip in the heated pool and hot tubs, then relax with your  glass of wine on the  huge, huge patio which is perfect for intimate or large gatherings.  Plenty of room for all the family and friends with this open floorplan, 2 bedroom plus den and three full baths. Park your car in the heated parking garage and leave it, for the on-call shuttle bus is at your service. Why lug or ship your winter or summer gear?  Simplify your vacations and store everything in the large owner’s closets.  If you seek Steamboat to relax or play…or both, this is your new Steamboat residence.

Offered At $499,900

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2900 Whistler Rd. #104 Steamboat Springs, CO

Shadow Run 1 Bedroom/1 Bath Condo For $175,000

Here it is…An affordable Steamboat mountain condo right on the free bus route.  Own a part of Steamboat! This is one of the lowest priced Shadow Run units available. Partially furnished,  and it has a full stocked kitchen.  Some remodeling done.  Washer and Dryer in the unit.  Just a short walk to ski & ride. Enjoy the pool and hot tubs too. Pets are fine for owners.  What a fantastic opportunity to purchase now while there are still 100% financing options available…Why wait?  Why rent?

 

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1560 Pine Grove Road Steamboat Springs, CO

The Pine Grove Business Center…The Center Of It All For Your Business…

Excellent Visibility In The Mountain Area.  Located on busy Pine Grove Road in Steamboat Springs, CO the Pine Grove Business Center is a professional office condominium building within walking distance to shopping, dining and the Yampa Valley Medical Center. Ten percent down is all that is needed to own your office suite with Small Business Administration financing.   What an excellent opportunity to have your business suite customized to fit your needs.  Price includes basic tenant finishes ready to move in.  Physicians, dentist, attorneys, accountants…Your perfect business location. The Pine Grove Business Center is located on the free bus route and beautiful Fish Creek. Top it off with Steamboat Ski Area views. Each office suite has its own separate entrance with a private deck or patio. Compare what you are paying to lease and call for details.  Immediate Occupancy. Two units sold… better hurry.

Offered At $399,900 and $445,000

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