2012 SMALL INCOME PROPERTY REVIEW

2012 SMALL INCOME PROPERTY REVIEW

is complete and ready for your review.

Call Keith at 303-202-2221 for your copy

and/or a list of all the 2-4 unit sales near your property!

Another One Sells!

4101 Kipling St Wheat Ridge 80033

SOLD! SOLD! SOLD!

Get ready for a great new Restaurant!

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Downtown Littleton

Location, Location, Location! SOLD! SOLD! SOLD!

5563 S. PRINCE ST., LITTLETON CO 80120

Bring your hammer and paint bucket for this older multi-unit that currently needs some updating. Great access to almost everything! Parks, restaurants, shopping, entertainment! 1.5 blocks to Main Street & Downtown Littleton! 3 blocks to Santa Fe! 5 blocks to Light Rail.  Consider the possibilities!

Live & work at home. There is Prince St frontage with alley access to an office space & two rentals. Originally was a Duplex. One on main floor & one in basement. Main floor is 2 bedrooms; basement is 1 or 2 bedroom. The garage is rented separately at $175.00. Priced to Sell at $229,000. Contact me for more information.

Keith A. Hurtubise
RE/MAX 100 Inc.
Certified Distressed Property Expert
Broker Associate
Registered Real Estate Appraiser (Inactive)
710 Kipling St., Suite 110
Lakewood, CO 80215
303-232-4444 office
303-202-2221 direct
303-232-6919 fax office
303-942-3451 e-fax
303-808-8202 mobile
keithabees@aol.com www.keithabees.com

Get Best Bang for Your Buck on Renovations

Most homesellers want to get the most for their money at the closing table.

 Whether you’re looking to sell right away or in a few years, several sound renovation investments are worth the money, according to HGTV real estate expert Heather Unger, a Sales Associate with RE/MAX Central Realty in Lake Mary, Fla.

Here are her renovation suggestions:

• Rev up curb appeal - A green lawn and fresh exterior paint are sure ways to attract potential buyers. Plant colorful flowers or hang flower boxes from windows, repair cracked walkways and choose a neutral, pleasing exterior color to maximize your home’s appeal.
• Upgrade the kitchen - This is where you’ll get the best return on your investment. Buyers want granite countertops, stainless steel appliances, modern cabinets and hardware and updated light fixtures. Think IKEA kitchen: modern and functional. For the average kitchen in a 2,000-square-foot home, you’ll spend $8,000 or more for basic upgrades.
• Redo the bathrooms - After kitchens, bathrooms are the next places to get the best bang for your buck. Granite countertops, modern faucets and light fixtures and tile floors are popular with buyers. The more you can do yourself, the more money you’ll save. Expect to spend about $3,000 or more. You can save even more by buying store floor models for sinks and vanities, or going to granite bone yards for materials.
• Add space - If you have the money, consider adding square footage to your home by finishing your basement, expanding the master closet or knocking down some walls to create a more open floor plan.

Low-budget options
Don’t have time or a ton of money for major renovations? Don’t worry, says Laura Smith, a Sales Associate with RE/MAX First in Baton Rouge, La. A clean, clutter-free home goes a long way for many buyers, says Smith, who has appeared on HGTV’s "Bang for Your Buck."

Here are Smith’s tips:

• Make your home smell incredible. Get your air-conditioning unit professionally serviced and cleaned. Most companies charge under $150, and it goes a long way in removing household odors and allergens. Also, use plug-in fresheners and fabric deodorizing sprays.
• Steam-clean the carpets - Instead of replacing carpets, call a professional to have them steam-cleaned and watch the transformation. You will be delighted to see that steam-cleaning the carpets (price depends on carpet area) is money well-spent.
• Remove clutter - Check your closets and donate old clothes, shoes or other items that you haven’t used in the past year. Buyers want to see storage space; this goes for the other closets in your home, as well as garages, if you’re having showings, remove all personal photos and clear off all appliances and knickknacks from countertops and display shelving.
• Create an outdoor living space - Adding a sense of comfort to your patio, deck or backyard adds value to your home. Stage your patio or deck with a table and chairs, as well as an outdoor rug, lively plants, some colorful flowers or a small fountain. Get rid of unsightly weeds and keep the lawn mowed and presentable.

Contact Keith at 303-808-8202 for help in preparing your property for sale!

Keith A. Hurtubise
RE/MAX 100 Inc.
Certified Distressed Property Expert
Broker Associate
Registered Real Estate Appraiser (Inactive)
710 Kipling St., Suite 110
Lakewood, CO 80215
303-232-4444 office
303-202-2221 direct
303-808-8202 mobile

Denver Apartment Market- Rents Higher- Vacancy Lower

The Denver Apartment Market continues with Vacancy Rates remaining low at about 5% and rents rising.

In the 4 counties that I track 2-4 Unit Small Income Property Sales, Arapahoe County has the highest Vacancy Rate 5.5% with Jefferson at only 4%.

Vacancy rates by 4 Counties were:

Adams, 4.9 percent.

Arapahoe, 5.5 percent.

Denver, 4.8 percent.

Jefferson, 4.0 percent.

The monthly average rent increased in Denver County by $75 compared to last year. The highest rents were in Denver, with Adams County bringing up the rear.

Average rents by 4 Counties were:

Adams, $906.

Arapahoe, $956.

Denver, $1,005.

Jefferson, $919.

The current vacancy rate is tied for the lowest vacancy rate in any quarter since the first quarter of 2001. The low vacancy rates allow Small Income Property owners to raise rents but the economy has kept some in check.

For more details check out John Rebchook's Blog - Inside Real Estate News .

Keith A. Hurtubise
RE/MAX 100 Inc.
710 Kipling St., Suite 110
Lakewood, CO 80215
303-202-2221 direct

New Medicare tax creates incentive for home sales

New Medicare tax creates incentive for home sales