Tag Archives: property

New Horse Property for Sale in Castle Rock.

New property listing in Castle Rock.

South Metro Denver Real Estate Experts!

1063 Clarke Ct Castle Rock, CO 80109

For complete pictures go to our presentation here

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For more information on this property call Tom

Tom Calhoun CDPE, CRS, GRI
Re/Max Alliance Castle Rock
303-663-9335

Contact Tom Today!

303.663.9335

horse_prop

Email me: wecansell@me.com

TheRealEstate4U.com


Interpreting 11/11/11!

Today only comes around once a century! Read and explore common interpretations of today’s date and the number 11 over at paradigmsearch.hubpages.com! This article provides a synopsis of the possible implications of the 11/11/11 date singularity and of the number eleven, followed by a quick metaphysics experiment.

Read more here: paradigmsearch.hubpages.com!

Happy 11/11/11!

If you are interested in buying or selling residential property in Centennial, Castle Rock, Denver, Sedalia, Highlands Ranch, or Franktown give me a call at 303.663.9335!


Federal Funding for Denver’s FasTracks

USDOT provides $1 billion for Denver RTD’s Eagle P3 commuter-rail project

The federal funding agreement will cover about half of the project’s $2 billion cost, according to LaHood. The agreement clears the way for construction to begin on the Gold Line, the project’s western segment, which will connect Denver Union Station to Wheat Ridge and pass through northwest Denver and Arvada. The Gold Line will feature seven stations.

Read on here: progressiverailroading.com

RTD’s FasTracks should make it easy to commute to and from downtown Denver from the front range. Another great reason it’s a great time to invest in a residential Colorado property!


Buying is Cheaper than Renting in Most US Cities

Not sure whether to buy or rent? According to this article from CNN.com, buying a residential home is cheaper than renting in over 74% of America’s 50 biggest cities!

Read on:

Buying is Cheaper than Renting in Most US Cities

By Les Christie
August 16, 2011

NEW YORK (CNNMoney) — Home prices have taken such a beating and demand for rental units has increased so much that it’s now cheaper to buy a two-bedroom home than to rent one in most major U.S. cities.

According to real estate web site Trulia, buying was cheaper than renting in 74% of the country’s 50 largest cities in July. In just 12% of the cities, including New York, Seattle and San Francisco, renting was cheaper. In the remaining 14% of cities, renting was less expensive but close to the cost of buying.

In addition to a continuing decline in home prices, rock-bottom interest rates have added a lot of weight to the buy side of the scale. The overnight average rate for a 30-year fixed was just 4.19% on Monday, according to Bankrate.com. A 15-year fixed averaged just 3.43%.

Add in the tax perks of home ownership and for those who can afford it (and who can actually qualify for a loan), it certainly is a buyer’s market.

“It’s a personal decision, of course. But if you have a steady job and you are planning to stay for seven years or more and have enough cash to put 20% down and enough left over for seven or eight months of expenses, you’re better off buying in most places,” said Daisy Kong, a spokeswoman for Trulia.

Top buyer’s markets
Las Vegas offered the most compelling buy-side math, Trulia’s survey found.

Prices there have plunged more than 59% from their August 2006 peak, according to the S&P/Case-Shiller home price index.

The median price of a two-bedroom, two-bath condo or townhouse is about $60,000, according to Trulia, a ratio of only six times the median annual rent of a similar rental apartment, which is $9,700.

Monthly mortgage payments on a median-priced Vegas condo would come to only $256 on a 30-year, 5% interest loan. Even factoring in property taxes and common charges of roughly $300 a month, the monthly amount is still much lower than the $810 in monthly rent they would pay on a similar place.

Detroit, according to Trulia, is another metro area where buying is better. The median price for a condo or townhouse is about seven times annual rent. Home prices in Mesa, Ariz. and Fresno, Calif. also clock in at seven times rent.

Arlington, Texas, Sacramento, Calif., Phoenix and Jacksonville, Fla. all had buy-rent ratios of eight, Trulia said.

Top renter’s markets
Even though rents average $2,980 a month in New York (the highest of any of the 50 markets), it’s still the best city for renters, according to Trulia’s survey.

Paying for the same kind of two-bedroom Manhattan apartment would cost 36 times as much, nearly $1.3 million.

Big money towns
One surprising place where renting is cheaper is Ft. Worth, Texas; buying exceeds renting costs by 32 times. Part of the reason is there are relatively few condos in the city and they tend to be upscale and costly. That, combined with low rents of about $9,500 a year, make renting cheaper.

Omaha, Neb., where buying is 27 times annual rents, Seattle and San Francisco, which both clock in with purchase prices that are 24 times rents, and Kansas City, at 22 times rents, are other places where renting makes financial sense.

Should you rent or buy?
The buy-rent calculation is just one part of the decision-making process. Other factors include:

•How long you plan to stay. If you’re not keeping the home for several years, transactional costs of buying and selling (e.g; commissions, closing costs) can wipe out any buying edge.
•Whether you have cash for closing. It’s not easy to find banks willing to lend more than 80% of the cost of a home. That means buyers have to come up with 20% down, plus closing costs. On a $200,000 home, that’s $40,000.
•Whether you can cover all the homeownership costs. It’s not just the mortgage: There are property taxes, insurance, heat, utilities and regular maintenance.
•Whether you can claim the tax advantages of homeownership. Mortgage interest is deductible and can shave a lot off tax bills but this benefit accrues mostly to high income earners with substantial mortgage payments. Many borrowers claim the standard deduction on their taxes and so derive no savings from the deduction.
Even where it’s cheaper to rent, it doesn’t necessarily mean renters will come out ahead, according to Ken Johnson, a real estate professor at Florida International University and co-author of a new study on whether it’s better to buy or rent.

“Paying off a mortgage is a kind of forced savings,” he said. Each check homeowners write lowers the balance they owe and increases the value of their property holdings. That, unlike cash in a bank account, is not easy to tap.

Where the jobs are
Homeowners have to go through a lengthy and costly process to access it by taking out a home equity loan or a cash-out refinance — actions they tend not to take unless there’s a specific need.

Depending on where they live, renters may save on monthly expenses but, unlike the forced savings of mortgage payments, they won’t have anything to show for their monthly payments in the way of savings.

Ultimately, however, the decision whether to buy or rent depends on each person’s situation and their plans for the future.

While buying a home may be an attractively cheap option these days, many mortgage holders have found out the hard way that the joys of homeownership can turn sour should the unexpected strike.

Source: money.cnn.com


Colorado Gardening in the Fall

Don’t let fall stop you from gardening in Colorado!

SALAD DAYS: A Lettuce Garden for the Fall

By Niki Hayden
From: frontrangeliving.com

Every summer, devoted vegetable gardeners anxiously hover over their tomatoes hoping they’ll ripen before a north wind blows in. While fretting over unripe fruit, we overlook the real star of the autumn garden: the lettuce crop. For the price of one head of lettuce in the supermarket, we can buy a seed packet and indulge ourselves in exquisite young lettuces for months.

Lettuces germinate quickly and prefer cool days and nights. They’ll germinate fast in our late summer days and stay crisp and leafy because they can avoid hot days, which encourage bolting. And while lettuces do require evenly moist soil, there’s less evaporation during cool temperatures.

If you’re concerned about water consumption, clever gardeners have discovered ways to water and mulch gardens that will cut down on the water bill. Drip irrigation is perfect for veggie gardens. But that should go together with mulch. Carol O’Meara, who works for the Colorado State Extension office in Boulder, lays down a few sheets of newspaper in between rows of vegetables. Then she piles on a layer of grass clippings. Her mulch decays by the time she is ready to till it in.

Lettuces do require a soil with some nitrogen and most Colorado soils are high in potassium, but low in nitrogen. That doesn’t mean that you have to dump heavy fertilizers into your garden. Lettuces only require leafy growth and a modest amount of nitrogen will serve that purpose. At one time, gardeners tilled in cow manure as the answer. But that has changed.

Today’s commercially prepared cow manure comes heavily salted. This is the consequence of cows that are fed heavy amounts of salt to produce meat and milk. The salt is concentrated in their urine and that is deposited on the manure. If you want to use animal manures to build up humus in your garden, try to find horse or llama manure, which will be of a much higher quality.

I’ve given up on using animal manures in the garden. I don’t have access to horse manure, and trying to make sure that manure is well composted to prevent an E-coli infection in the garden is more trouble than it’s worth. I’ve discovered other kinds of organic fertilizers are just as good and much easier. If you like to use animal products, there’s always blood meal, which bypasses the manure problems, or fish emulsion. Either will attract pets, if that’s a concern for you. But I’ve discovered that composting waste from fruit, vegetable peels and leaf debris in the yard adds humus and nitrogen. There’s also one approach so easy and worthwhile that every vegetable gardener should use it.

That’s the cover crop that you sow once the garden is through. Right after you’ve harvested your lettuces and it’s too frosty to be gardening, sow a quickly germinating cover crop like annual winter rye—far faster to germinate than other cover crops. This green manure will add nitrogen to your soil when you till by spring. It also prevents erosion when winds kick up in January. And it has no problems associated with any animal byproduct.

Once you’ve assessed your soil and water conditions, the easiest part is planting the seeds. This is one crop that you can sow directly into the garden. Lettuces are from the sunflower family and require some light to germinate. Sprinkle them where you want them and lightly dust soil on top, only enough to thinly cover the seeds but not prevent light from filtering through. Water lightly to dampen but not enough to wash away the seeds. In a few weeks they’ll be up and you can begin harvesting the tiny leaves for a mesclun salad, or wait until they are more mature and harvest an entire head.

Once you’ve tried a basic leafy lettuce, perhaps a mesclun mix, consider some of the heirloom lettuces and buttercrunch varieties. You’ll discover heirloom lettuces with red veins and crinkled leaves, oak-leaved lettuces with a distinctive shape, Romaine spears that last longer than most lettuces and tender head lettuces. The variety is dazzling.

Too often, the leafy clan has been overlooked as stalwarts for a Colorado garden because either they bolt quickly in hot weather or require too much water. If you’ve decided against greens for these reasons, try growing your lettuces in a partially shady area of your garden. That area may be too shady for nearly every other vegetable, but perfect for lettuces. And, as for water consumption, lettuces are at their best in spring and autumn when rain is more likely a part of our weather pattern.

It’s hard to imagine a crop that will give you more exquisite produce for the time and effort you exert. Next time you peruse the seed aisles, notice the varieties of greens. A nation of salad lovers has taken greens to new levels. And so should you.

Once you’ve discovered success with your greens, it’s time to try dressings. Here are a few. These dressings are based on four parts of oil to one part of vinegar or lemon juice. You may add more or less vinegar or lemon juice to suit the tartness you like on fresh greens. Each recipe will serve a salad for four people.

Sherry Vinegar with Mustard and Honey

4 tablespoons olive oil
1 tablespoon sherry vinegar
½ teaspoon Dijon mustard or another tart mustard
1 teaspoon honey, any kind
½ teaspoon salt
Mix all together and pour onto washed greens just before serving.

Vinaigrette with Asian Flavors

4 tablespoons canola oil
1 tablespoon rice vinegar
½ teaspoon soy sauce
1 garlic clove crushed
1 slice fresh ginger, crushed
½ teaspoon honey
1 tablespoon sesame seeds, toasted
Mix together well and allow to steep for at least 15 minutes. Remove the garlic and ginger and then pour onto greens, tart greens like mizuna, arugula and spinach will go well with this dressing. It’s also great over a main dish like grilled or poached chicken breasts.

Lemon Dressing with Fresh Herbs

4 tablespoons olive oil
1 tablespoon lemon juice
2 tablespoons minced herbs: chives, cilantro, parsley, basil are good choices
1 garlic clove, cut in half
Salt and pepper to taste
Mix all together and let the dressing sit for about 10 minutes. Remove the garlic clove and pour over the salad. This is good with mixed greens and even a pasta salad.


Did you know…

Did you know that House Bill 09-1091 requires a carbon monoxide detector in every Colorado residential property as of July 1, 2009?

A detector must be installed in every home that is heated with fossil fuels, has a fireplace, and/or has an attached garage. For more information on this House Bill, you can access it through the Colorado Department of Public Health and Environment’s website here.

You can purchase a carbon monoxide detector at your local hardware store or order it online from Home Depot or Amazon.

And just like your smoke detector, don’t forget to check your batteries at least once a year!

Enjoy the remainder of your holiday weekend, and keep it a safe one!


Find Your Property Value!

Hello and welcome to September!

Get ready for fall, and find your home’s property value using realestate.com’s Home Price Check!

This is included under my Real Estate Resource links in the right-hand column, so you can easily access it anytime!

Here’s to a good month!

Tom Calhoun
303.663.9335