It’s never to late to start planning for retirement, here are 50 Tips to get you going!
Buy Now Here’s How…
Wouldn’t it be nice to purchase your next home and move in THEN sell your previous home?
That is how the few who have cash do it BUT it can be done with leverage.
FIRST Your income must be sufficient to meet the debt ratio limit of having 2 house payments in addition to your other debts. SECOND You need the minimum down payment to purchase the next home. Here are some good sources for that down payment: Borrowed from an existing line of credit on your current home Borrowed from a 401(k) Liquidated from an IRA (some will allow these funds to be repaid within 60 days without penalty - check with them) Cash on hand Gift from a relative Here are some benefits of buying now and selling later: Non-contingent contract increases your chances of getting your offer accepted No need to leave your home for showing appointments since the home will be listed for sale when it is vacant When vacated then cleared out and cleaned up, your home has a better chance of selling and can be professionally staged with Pinette Realty Group's assistance No rush in moving - close on the new home and then perform any updates or remodeling before moving in Many more.... Should you desire to Buy Now/Sell Later, feel free to contact KC Harney w/Universal Lending at 303-799-9100 to discus your options. Nicole Pinette is a seasoned professional with over 20 years of experience and can help you get the home you want. You Can Buy Now! 303-683-4837
RTD Light Rail Southeast Extension
Starting this spring RTD Light Rail plans to start work on the construction of the Southeast Rail Extension. It will extend the E & F lines from the current Lincoln station 2.3 miles ending at the RidgeGate Parkway End-of-line Station by the S. Havana St. & I25 Exit. There will be three new stations Kiss-n-Ride at Sky Ridge Ave. near the medical center, another at the future Lone Tree City Center and a 1,300 space park and ride at RidgeGate Parkway.
The project is expected to cost $233.1 million and will be paid for as follows. $92 million will come from Federal funding, $28 million from local business
associations and businesses in the southeast metro Denver area, the remaining cost will come directly from the RTD budget from funds that were already allocated.
The two phased project had been awarded to Balfour Beatty Infrastructure Inc. (BBII) to design and build the 2.3 mile-long Southeast Rail Extension from Lincoln to RidgeGate Parkway. The decision took place during the Board of Directors meeting July 28, 2015. Design will begin during the fall with construction expected to start in spring 2016.
Did You Know?
If you live within this coverage area in Highlands Ranch you can schedule RTD’s Call-n-Ride to pick you up at your home and bring you to any of the RTD’s stations for as little as $1.30? Discounts Apply.
Increasing Insurance Rates in Colorado
What’s Causing It The Increasing Insurance Rates and What Can We Do As Consumers?
Have you noticed any increase in your costs for Auto and Homeowners Insurance in Colorado over the last two plus years? If you have not, you should feel lucky. You should also know that what is happening in the areas of loss for both products is not a carrier problem, it is an industry problem. That means if you have not seen large increases in your cost of insurance, you most likely will very soon. Prior to the last two years Colorado may have seen annual rate increases of 2 to 12 %, on average. The increasing insurance rates were due to an average increase in losses, as well as the cost of labor and materials. Over the last two to 4 years, the increases have been from 2 to 92%, depending on the area of the State you live in. For Homeowners Insurance the most susceptible areas are that of the Front Range, which is the Wind and Hail Belt of Colorado. Colorado is second in the nation to Tornado-Struck Oklahoma for Catastrophic Claims. The losses also include the Wildfire claims that occurred in 2012 and 2013. We saw a total of 1,105 homes destroyed in the High Park Fire, Waldo Canyon Fire, and Black Forest Fire. The Flash Flood Event in September of 2013, which affected 17 Counties in Colorado is not a factor in most of the increases due to Flood Insurance being a Federal Program, for now. That may be changing soon with recent Federal Legislation being voted through to allow Private Carriers to Underwrite the coverage. 90% of all property loss claims in the State of Colorado are Roof Claims due to Wind and Hail Storms. Your roof is the most important part of the underwriting of a homeowner’s insurance policy for your closing. The roof cannot just pass a pre-purchase inspection, but must also pass an inspection done by the Insurance Carrier themselves. And, the all popular 5 Year Roof Certification does not help a roof pass, that is in actuality a roof with only 5 years of life left. Remember, if a Sellers Roof has un-claimed hail damage, a claim can still be filed with the Sellers Carrier, and the roof repaired or replaced before or after the closing. The key is not to be left with a roof on a house that you just purchased, that is bad or out of code. It is then most likely going to be your dime to fix it.
So what has changed from the Insurance Carrier stand point due to the Catastrophic Wind and Hail Losses? Two major changes are occurring to the policies. Either the carrier is doing a mandatory percentage deductible, such as 0.50 to 2% of the dwelling coverage amount, or they are no longer paying for replacement cost of the roof, after the roof is a certain age. The age depends on what type of roof you have. The most common roof, which is Composition Asphalt Shingle, normally has replacement cost for the first 10 to 15 years of life. After that the coverage goes to the depreciated value, with no recoverable depreciation available. Other types of more durable roofs, such as Metal, Concrete, and Tile, have up to 20 years of replacement cost coverage before the roof goes to the depreciated value. You will have to check with each individual carrier for the coverage that they offer. Make sure that the coverage the Agent is telling you that you have is in the verbiage of the policy language, or included as a Rider to the Policy.
As for why our Auto Insurance Rates are being so affected, just one thing comes to mind, distracted driving. The death rates on our roads in Colorado are up 17% over last year. When you combine distracted driving with a much higher rate of speed when impacts occur, we have fewer people surviving impact accidents. The other bleeding that is happening is the losses from 16 to 22-year-old drivers. As of last year, the Company that I represent had loss ratios for 16 to 22-year-old drivers of greater than 350%. That means the insurance carrier is losing $2.50 for every $1.00 of premium being collected. For Colorado specifically, due to our low unemployment rates, we are seeing more drivers and more vehicles of value on the road than ever before. That equates to an increase in the average dollar amount of each claim.
The difference between the increases for the Auto Insurance and the increases for the Homeowners Insurance is, we can fix our driving and what is happening on our roads through education to help slow increasing insurance rates, and becoming more responsible drivers on our roads. We cannot prevent hail storms. There is a reason why there are so many Personal Injury Attorney’s in our State, and most States.
For more information, please contact Brian Dee Counterman, LUTCF
Allstate Insurance Agency Owner in Littleton Colorado
Renovating your home can be a stressful and expensive endeavor. How much should you spend? Who should you trust? Who’s the best contractor/architect/designer/etc. in town? If you find yourself asking these questions as you consider a renovation, you may want to consider a renovation coach.
Expert opinions Renovation coaches are a recent trend in home remodeling. Think of it as a project manager for your home renovation—someone who is great at working with contractors and vendors, and at keeping things running smoothly and moving forward as your renovation progresses.
Worth the investment? Renovation coaches can handle projects of any size, and can be involved as much or as little as you like. They’re especially useful for managing bigger projects that involve several vendors and contractors, but they can also be helpful in simply recommending the best and most reputable companies for your specific project. If you don’t know who to hire to remodel your kitchen or basement, a renovation coach can be a huge asset.
Finding the right coach There’s currently no national directory or association for renovation coaches, but it’s a fast-growing profession and chances are there’s a great one in your area. Take to the internet to find some coaches in your area—Houzz and Google are a good start. Vet several candidates and reach out to past clients to find the coach that can help you get the most out of your renovation.
Pinette Realty Group is excited to announce our new property management division!
We are taking our desire to provide service excellence to the residential rental market. Our market knowledge combined with an experienced property management professional is a winning team! So if you or someone you know has a home to rent, give Katy a call 303-346-4559.
1145 Mulberry Lane, Highlands Ranch, CO Offered at $365,000
Location, location, location! This Meticulously maintained 3 bedroom 4 bath Richmond home backs to open space and is perched on a hill with panoramic mountain views! Featuring extensive hardwood floors, upgraded fixtures, custom paint, vaulted ceilings and a nicely finished basement, this home is in move in condition! Out front relax on the covered front porch, or enjoy endless views from the deck or patio in the large backyard. The kitchen offers 42” cabinets, a spacious eat-in area and steps down into a large, cozy family room with a gas fireplace and brick surround! Located within 2 blocks of Town Center, shopping, restaurants and El Dorado Elementary School, but quietly nestled in the interior of the neighborhood with easy access to miles of hiking and biking trails.
This diverse and eclectic home is located in the much–desired Denver neighborhood of Platt Park and offers many upscale exclusives. Sleek Granite tiles lie throughout the main level with Slate tile in entryway and glass inlays within the entry wall to accompany this stylish home. With two sets of double French doors opening to the patio, you can enjoy grilling on the included barbeque with a dedicated gas line. Custom design and construction of this contemporary duplex include features such as heated walkways, soaring window accents, dual patterned carpet, exposed concrete, 8 inch steel girder construction and sleek angled walls. Custom–programmable lights allow you to set the mood in this modern home with the touch of a button. The 2nd bedroom resides in the full finished basement with a private full bath, two closets and storage space. The Master suite is a retreat in itself with vaulted ceilings, private patio and Juliet balcony, custom tiled bath with jetted tub and contemporary fixtures, glass block lighting, granite countertops and a bowl sink. The Master also host additional space for a retreat of office space. Close to Light Rail, Platt Park and Historic Old Pearl Street what more could you want!