Lone Tree Market Statistics for the Week

The median list price this week in Lone Tree is $949,900. The average price per square foot is $206. The average days on market was 186.
26% of the properties on the market had a price decrease. 8% of the properties were relisted.
The median house size is 4,698 and the median lot size is .25- .50 acres. The median number of bedrooms is 5.
Did you know that Shelley Bryant specializes in Lone Tree Real Estate and luxury homes and has a niche of selling homes that didn’t sell the first time they were on the market.
Villa Realty serving Lone Tree and Highlands Ranch
http://www.villarealtydenver.com

5 Creative Ways to Improve Your Home’s Ambiance

When you first moved into your home, the walls may have been white with beige carpeting. Although this decor choice is classic for nearly every rental and brand-new home, you don’t have to live with the neutral colors. In fact, there are simple ways to improve your home’s ambiance with just a few creative changes. Take a look at these exciting ways to transform your home and customize your space with flair.

Try Vintage Furniture
Your home’s ambiance isn’t just dependent on paint color and flooring choices. In fact, it also depends on your decor selections. The furniture is a focal point of any living room. Purchasing brand new furniture limits your budget because of high costs, so you might be inclined to buy a basic beige couch. Think outside of the box, and shop around some vintage stores in your area. You can find upholstered chairs, love seats and other items for incredibly low prices. The fabrics that you’ll encounter will be distinct too. Older items tend to have decades-old patterns that can improve a home’s ambiance with one quick glance. As you narrow down your furniture selections, however, be sure to have the item cleaned before you take it home. Vintage furniture can have a lot of dust because of its age.

Decorate Your Glass
Your glass can also take on a decorative look when you try stained glass film. This cover for your windows should be used in strategic ways. Ideally, it should be used as an accent instead of a full-coverage decor option on every window. Select a window that has a high-traffic volume around it. Choose a stained glass film that has complementary colors to your interior. Clean the window and apply the film with strict attention to bubbles forming along the way. In many cases, the stained glass film comes with a tool that helps you smooth out these bubbles. When you carefully apply it, the film should last for many years. The sun shines through the colors and creates a dramatic effect across any room in the home.

Go Green with Indoor Plants
Although you could try artificial plants indoors, they still won’t have the same effect as real plants. Add real plants to your home in nearly every room. There are so many varieties that work well in any shaded area that the choices are endless. Along with adding a distinct look, you also benefit from better air quality. Your home has certain pollutants that leech off of paints, woods and other materials. Plants are constantly absorbing carbon dioxide and expelling oxygen. During this process, the plants also absorb toxins that you’re otherwise breathing in. Choose plants designed as shade-loving or indoor species, and give them a home that they’ll love. Water them regularly and they should flourish.
Lighting Your Rooms with Flair
It’s possible to make any room look fresh and inviting with the right lighting concept. Improve your home’s ambiance with wall sconces along a hallway. You’ll free up valuable floor space with lights hanging off of the walls. You may even use sconces along a living room wall as accent points. Many families are also starting to use glass doors inside their home because of the wonders they do for in-house lightning.

When you want to add a distinct decor point to your kitchen, look for drop-down lamps. These lamps hang from your ceiling and culminate with a subtle lampshade and bulb a few feet above your working surface. Add two or three of these lamps just above your kitchen island, for example. You’ll always have enough light to cook by while adding a creative look to your home. In fact, you might want to connect the kitchen and dining room on a decorative scale with matching hanging lamps. All of these fixtures will draw attention and spark conversations among friends.

Shelve It
Improve your home’s ambiance by increasing your storage space and making a decorative statement too. Add floating shelves under staircases or along living room walls. Use them to store books, but also add in quirky collectibles too. The shelves should appear functional and interesting simultaneously. If you keep a lot of collectibles in boxes within the garage, free up that space by placing them on display. You may have forgotten what’s hidden out there.
When you add shelves to any wall, be careful about the chosen location. Each shelf should be carefully attached to the wood studs or beams inside the walls. Use a stud finder or hire a handy person to install the shelves. You want them to be as sturdy as possible for all of the weight that they’ll carry.

To realize your dream home, create a budget first. Look at the maximum cost that you can afford for your purchases, and try to stick with that amount. When you go shopping for materials, you can be more selective about your choices. With smart material purchases, you can buy more for your home’s enhanced ambiance.
By Mikkie Mills

Shelley Bryant
303-521-7085
www.villarealtydenver.com

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Finding Good Tenants

How to find good tenants
Congratulations on purchasing your first rental property! The papers are signed, the taxes paid. You’ve even had the walls repainted and the carpet steam-cleaned. It’s all ready for someone to move in and start making that cash flow.
But hold on just a second. Even if they do pay on time, a bad tenant can make your landlording experience a nightmare, whether it’s through being a nuisance about fixes and conditions, indifference or damage to the property, or even police calls and legal issues.
But what can you do to increase your odds of finding a decent tenant? We turned to some online experts for help.

Clarkhoward.com has a handy, short article that cuts to the chase.
Obviously you’ll want to perform a background check, but two pieces of advice stood out.

First, be sure you – the owner, not a property manager – meet the prospect in person. From the article:
Seeing your prospective renter in person can give you some important indicators as to whether or not they will respectfully inhabit your home. You’ll get a sense of their cleanliness by seeing what they drive and the gut feeling you get about them is priceless. It takes very little time to conduct a walk through so make sure you don’t miss this.
Second: Make money a (slight) barrier by taking a high deposit.
One key tip is to never make the deposit the same as their monthly rent obligation. For instance, if the rent is $1,000 you should ask for $1,200 as a deposit. If you ask for the same deposit as the rent amount your tenant will likely assume that it covers their last month’s rent. You don’t want that.
A high deposit also separates the wheat from the financial chaff. If they have trouble coming up with something close to the monthly rent upfront, when they should be actively trying to impress you, there’s a good chance it’s going to happen again down the line.
Forbes has another good article. This one wisely opens with the idea of creative, appropriate marketing, which includes targeting the type of tenant you’ll want.
Real estate writer Ilyce R. Glink offers this advice:
Know of a rental building known for great tenants? Slip your marketing materials into the lobby, Glink suggested. Or, even better, if your current tenants are great, they may have some great friends.

“Offer a cash bonus if the departing tenants find you a new tenant,” Glink said.

Another sage bit of advice from the Forbes article: don’t always make it all about money. Just because two twentysomethings offer a larger deposit or higher monthly rate doesn’t mean they’re going to be better tenants. A nice, young family who may need to pay a little less per month could wind up paying off big time at the end in the form of a lack of repairs and neighbors who still like you.

Article Written by Matt Lemmon.

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http://www.villarealtydenver.com

“Big house on little loooooot…”

Okay, so Chris Farley probably wasn’t much for gauging the real estate industry, but his famous moment in Tommy Boy sort of applies to a recent trend in recent new-home construction. According to the multiple sources, they’re getting bigger and more expensive, while the lots they sit on are getting smaller.

Zillow has a helpful post outlining the trend, which is just that – a trend. Much of the country, including most of the high-priced spots in New England and the west coast, have seen little growth in lot size OR home size since the late 1990s. Another strip, from the Mississippi/Alabama coast up through Michigan, have seen lots sizes AND home sizes increase. But another chunk, including parts of the southwest and the Middle Atlantic seaboard down through Florida, have been trending toward larger houses on smaller lots.

The National Association of Realtors also recognizes the trend in a recent article:

Some of the increase is due to builders catering more to the luxury market and moving away from building homes for first-time buyers. “They haven’t made more starter homes in recent years mainly because of land prices, construction costs, and lack of available mortgages for less-affluent buyers,” The Wall Street Journal reports. First-time home buyers tend to bring the average size of new homes down since they tend to live in smaller homes than move-up buyers.

Some other interesting tidbits from the NAR post:

The average new home was 2,720 square feet up nearly 400 sq. feet from the 2008 financial crisis.

25 percent of homes have garages built to hold three-plus cars.
Half of homes constructed in 2015 had four or more bedrooms.
The average price of a new home was $351,000… up $100,000 since 2009.

The upshot, according to an article from the Wall Street Journal:

Prices are going up, as well, making new construction less accessible for first-time homeowners.

Shelley Bryant, Villa Realty, 303-521-7085