Exclusive Steamboat Properties

Archive for February, 2010

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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