Author Archives: PowersProperty

Find Energy Incentive Programs in Your State With This Huge Database

Category : News

By Kristin Wong
Lifehacker

It pays to save energy. You can get a number of rebates, credits and other incentives by making energy-efficient upgrades to your home. This huge, interactive database lists all of them by state.

The government, and some utility companies, offer savings for certain energy upgrades. You might get a discount on CFL bulbs, for example. Or you might get a rebate for installing solar panels. It depends on where you live, and what’s offered.

DSIRE.org includes all of the energy-related incentives and policies that exist in the U.S. and its territories. The homepage is an interactive map. Hover over your state, and… [[READ MORE…]]


Housing costs soar in Denver; legislative effort to reduce cost fails

Category : News

BY
Fox31 Denver

The fastest-growing housing market in the country is Denver, according to a survey. And the cost of rent is also hitting new highs in the city.

Many people are being priced out of the market because of the soaring costs.

One effort designed to lower prices cost failed in the Colorado Legislature when the Construction Defects Bill was… [[READ MORE…]]


Denver Home Prices Jump Highest In The U.S.

Category : News

DENVER (CBS4) – Denver home prices are through the roof. In fact, the latest numbers show home prices in Denver jumped higher than any other city in the country.

The Standard and Poor’s/Case-Shiller home price study shows Denver home prices jumped 10 percent. That’s a 10 percent gain over February’s year-to-year prices.

[[READ MORE…]]


Median rent in Denver area jumps 13% in 2015

Category : News

Article by Reporter with the Denver Business Journal

Median rents in the Denver metro area increased by 13 percent year-over-year in the first quarter, and average rents climbed 12 percent, according to the latest data from the Apartment Association of Metro Denver.

The median rent for all sizes of units metro-wide hit $1,158 per month in the first quarter, up from $1,021 in the same period of 2014. Average rent increased to $1,204 per month from $1,073.

“It’s important to look at both median and average rent, because the overall average rent of $1,204 is being skewed to some degree by the newly constructed Class A buildings,” said Mark Williams, executive vice president of the Apartment Association of Metro Denver.

[[READ MORE…]]

 


Top 8 Reasons Why Denver Rents are Mile-High

Category : News

The average 1-bedroom is $1,180 per month!?

Rental prices are continuing to increase in the Denver metro area.  According to ApartmentList.com, prices have increased 9%.

ApartmentList.com also said Denver metro rents jumped 1.5 percent in March alone!

 

Check out some great information they’ve put together on stats:

Top 8 Reasons Why Denver Rents are Mile-High

 


What Makes Us Different

Category : Blog

What Makes Us Different

Whether you’re looking to sell your existing home or investment property or are looking to buy your forever home or a new investment, our goal is to make the home buying and selling process an easy one for our clients. We will handle your transaction with the utmost professionalism and care.  We understand how tough times can come upon anyone and that’s why we are dedicated to helping sellers first and foremost – we want to help before it’s too late.  Some have given Real Estate Investors a bad image, and have sadly taken advantage of many people in the area. We want to change that image! We desire to be the leading trusted real estate investment company in Colorado. We believe in people before profits, and desire to see a win-win situation for everyone involved!  We value honesty and integrity above all.  We don’t believe in taking advantage of sellers in difficult situations. If we can’t find a solution, we’ll help you find someone who can.

We embrace technology because it can streamline and automate much of the home buying and sellingPPSFBBanner851x315 process, cutting back on the time and frustration involved in buying your next home or selling your current one. We use a state-of-the-art business management system, keeping our business extremely organized and efficient so that we’re able to spend less time shuffling paperwork and more time helping our clients through one on one interaction.

Real Estate Solutions For Everyone

Category : Blog , News

Powers Property Solutions is dedicated to helping homeowners in distressed situations, and building better communities through the power of redevelopment.  We are dedicated to the development of successful real estate solutions for traditional sellers, home buyers and investors. We have expertise in all aspects of real estate and can help you buy, sell, or invest in properties at prices that are tailored to meet your goals, and if we can’t help, we’ll find someone who can!

WHY WE DO WHAT WE DO?PPSLogoFinal

We understand how tough times can come upon anyone and that’s why we are dedicated to helping sellers first and foremost – we want to help before it’s too late.  We understand that there are far too many individuals and companies who diminish the perception of real estate investors and we want to demonstrate that we are there for you.  We desire to be the leading trusted real estate investment company in Colorado.  We believe in people before profits.  We believe that honesty is, in fact, the best policy.  We don’t believe in taking advantage of sellers in difficult situations.  We value our integrity, and helping others, and if we can’t find a solution, we’ll help you find someone who can.
PROBLEM PROPERTY AND NEED TO GET OUT? 
If you’re behind on payments and facing foreclosure, we can help. If you have an inherited property that you just don’t want, are going through a divorce, have a rental that you want to get rid of, or just don’t want to make the type of repairs that the property needs, we can buy it. We can make you a fast, fair cash offer and can typically close in less than 30 days. Visit our seller page to learn more.

Tips for Getting a Mortgage

Category : Blog

Are you considering buying a Denver area property as a second home or investment? Perhaps you are looking for a small cottage or apartment where you can escape for vacation, or maybe you want to have another home closer to family. Maybe you want to rent out your second property and make a steady income from your investment. Whatever the reason, a second piece of real estate can be a fantastic investment. However, sometimes getting a mortgage on your second home can be a challenge.

Generally, a mortgage lender will have tougher standards for second home loans than primary home loans. This is because usually when you are buying a second home your finances will be stretched thinner and you will have less money to spare because you are already paying a mortgage on your primary home. This will mean that your second home mortgage can be harder to get and might have a higher interest rate.

crop_sm_money_treeHere are some tips to keep in mind that will help you to get the best mortgage on your second property: Build up a decent amount of savings. Your mortgage lender will want to be able to see that you have a large amount of savings so that you will have enough to pay for the mortgage even if you were to lose your job.

Pay off any credit card debt. Many lenders will be hesitant to approve your second home mortgage if they see that you have a lot of debt on your credit card. They will want to see that you have a low debt to income ratio so that you will be able to pay back the loan.

Use the first mortgage as a good reference. If you have always made your payments on time and you are most of the way through paying off your first house, you could ask someone from your current mortgage company to vouch for you. The lender for your second mortgage will be reassured that you are a reliable person to loan money to.

These are just a few tips to keep in mind in order to make getting a mortgage for your second property as easy as possible. To find out more about investing in Denver area properties, contact us at inquire@powerspropertysolutions.com or phone us at 303.888.2260. 


Questions to Ask Your Home Inspector

Category : Blog

When you buy a Denver area home, you need to know exactly what you’re buying. Imagine how frustrated you’d be to find out that the hot water heater isn’t working—in the middle of a shower! This is why you should have a home inspection before you buy your home. A home inspection is an important part of buying your home. Before you hire a home inspector, ask candidates a few questions to make sure you hire a trustworthy inspector.

  1. What does your inspection cover? Not all inspections are the same. Ask for copies of previous home inspections so you can see exactly what they will check inside the Denver home. If you are concernedcrop_sm_iStock_000020859290Small about something specific, like a leaky faucet in the bathroom, mention that to the inspector so they can check it out.
  2. Are you licensed or certified? If you live in a state that licenses home inspectors, ask to see their license. At the very least, choose a home inspector who belongs to American Society of Home Inspectors. This shows a level of professionalism and education that you can trust.
  3. What kind of report will you give me? You should expect a written report detailing what the inspector found. Most inspectors will give you a typed report within a week of the inspection. Make sure the inspector will be available to explain anything on the report that doesn’t make sense to you.
  4. Will I be able to attend the inspection? If the inspector refuses to let you be present during the home inspection, find someone else. This is your chance to know exactly what you are buying and what potential repairs you or the seller will have to make.

Powers Property Solutions can help guide you through the home buying process and even connect you with a great Realtor! Let us help you find your new Denver area home. Call us today at 303.888.2260 or email us at inquire@powerspropertysolutions.com.

LINKS:

  1. Home inspection – http://en.wikipedia.org/wiki/Home_inspection
  2. American Society of Home Inspectors. – http://www.ashi.org/
  3. Easy household repairs. – http://home.howstuffworks.com/home-improvement/repair/5-home-repairs-you-should-do-yourself.htm

What if Your Teenager Doesn’t Want to Move To Your New Denver Home?

Category : Blog

You’ve got a new job offer across the country and you are planning to pack your things, buy a Denver home and make the big move. However, when you tell your 17 year old daughter your plans, she lets out a mournful wail and cries that it is not fair. How can you possibly take her away from all of her friends, her favorite hangout spots and the cute boy she just started seeing?

Moving house is a difficult transition and it is even more traumatic for teenagers. The teenage years arecrop_sm_angry-teen an important stage where young adults establish their individuality and independence and during this time their social circle is extremely important to them. Being removed from that against their will can make any teen feel sad, confused, angry and resentful. Also, fitting into a new social scene in a different location can be a challenge for a teen that might be singled out as the “new kid”.

How can you help your teen during this transition so that the experience will be easier on them?

How to Help Your Teen Move

Here are some tips that will make the experience of moving house a little bit easier on your teenager:

  • Give them as much notice as possible so that they have time to adjust to the idea of moving. They will feel like they have enough time to say goodbye to their friends and close a chapter of their lives.
  • Try to schedule the move around the school calendar, as moving in the summer is much less disruptive to your teen’s life than relocating in the middle of the school year.
  • Make sure that they have ample time to spend with their close friends before they leave and once you arrive, understand that they might go through a grieving process of missing their old pals.
  • When you get to your new home, make sure that your teen has plenty of ways to keep in touch with their old friends, such as an internet connection and a cell phone plan.
  • Encourage your teen to get involved in the community of your new hometown, such as joining sports clubs or attending events. This can help them to make new friends.

Links:

Anger: http://everydaylife.globalpost.com/talk-angry-teen-5913.html

Making new friends: http://www.lifehack.org/articles/communication/how-to-make-a-bunch-of-new-friends-in-any-new-city.html

Teens having a job: http://voices.yahoo.com/5-reasons-why-teenagers-after-school-331714.html?cat=25