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February 2017

Found 15 blog entries for February 2017.

By Ryan Poppe - Last Updated: Tuesday, February 28th, 2017.

January Market UpdateExisting home sales reached the highest level seen since all the way back in 2007, according to new data from the National Association of Realtors. Overall sales jumped 3.3% in January compared to just one month prior, brining the seasonally adjusted annual rate to 5.69 million. 

Like in recent months, steady job gains, rising consumer confidence, and slight wage increases are all contributing to the strong market conditions we’re enjoying, even despite increasing mortgage rates that have been on the upswing since just after the most recent presidential election back in the early fall. 

It’s worth noting, however, that the recent surge in sales can also be attributed to many home buyers likely accelerating the purchase of a new home to avoid further

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By Ryan Poppe - Last Updated: Sunday, February 26th, 2017.

Durango homes with a view of the mountainsEvery market in the country features homes that come at premium. In markets along the coastline, waterfront homes and condos tend to be the most expensive properties listed. In big cities, condo buildings with luxury lifestyle amenities are usually somewhere near the top of the list. Here in Durango, however, most home buyers will find listings that offer stunning views of La Plata County’s spectacular mountainous landscape to be among the most expensive.

The listing price for every individual home is based on much more than just views, of course, but there’s no doubt buyers are willing to pay to a premium to fully enjoy the beauty of Durango’s gorgeous natural landscape. But as a potential home buyer, it’s always up to you to determine just how much

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By Ryan Poppe - Last Updated: Saturday, February 25th, 2017.

Durango Tiny HomesAlong with improving outdated building codes and various energy efficiency standards, the local building department is also taking a closer look at the standards for tiny house construction, which seems to be growing in popularity throughout Durango real estate, La Plata County and even the rest of Colorado as well.

In recent years, tiny houses have become significantly more common, especially among young home buyers who are finding it difficult to keep up with rising home prices across the board. In addition, various municipalities are also embracing tiny home building as a way to quickly expand housing inventory at a time when demand is also soaring.

But as more tiny homes are being built, the building industry has also recognized the need for

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By Ryan Poppe - Last Updated: Friday, February 24th, 2017.

Spring Cleaning TipsAlthough February isn’t over quite yet, the spring season is right around the corner, meaning it’s time to start thinking about all those annual spring cleaning chores that most of us fate doing. If you’re planning to sell your Durango home this spring, cleaning up around the house will be an essential part of the process. But even if you aren’t planning to move, there’s no better time to get your home in order than the first sign of spring. So if you’re ready to give your home a top-to-bottom cleaning, here are a few tips to help you make the most of your time and effort: 

Start with the ceiling fans and fixtures 

Fans, ceiling lights, and chandeliers are easy to forget when cleaning a home, which means this is a perfect place to begin the spring

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By Ryan Poppe - Last Updated: Thursday, February 23rd, 2017.

Tierra Verde Townhomes For Sale - Durango CONew construction typically comes at a premium in Durango, especially at a time when inventory is low and demand is high. But for local buyers interested in a conveniently located, maintenance-free place to eventually call home, some terrific new options just recently hit the market. 

Now actively pre-selling and available on the MLS are Tierra Verde townhouses at Three Springs, which represent phase 6 of this highly desirable housing community.

Offering potential buyers single-level living with open layouts, high 9-foot ceilings,  and plenty of attractive interior finishes like stainless steel appliances and oversized walk-in closets in the master bedrooms, townhouses for sale at Tierra Verde feature just about everything you could want in a modest

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By Ryan Poppe - Last Updated: Wednesday, February 22nd, 2017.

Paying for Home MortgageWhat is the minimum down payment on a house? When buying a home, one of the common "rules" is to save up 20% of the purchase price as a down payment. Many people erroneously believe that it's just not possible to get a good mortgage without placing 20% down.

A better question would be, what is a good down payment on a house? For home buyers who don't have that amount of money available or don't want to take draw down their savings or investments, it's not always necessary to have 20% as your calculated down payment. Many conventional loans can be obtained for 10% or even 5% down, FHA requires 3.5% down, and some USDA loans are zero-down programs. So, is there ever a time where putting less down can make sense?

Remember to ask a lender and/or

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By Ryan Poppe - Last Updated: Monday, February 20th, 2017.

In case you haven’t heard, there’s going to be some changes coming to the home building industry in La Plata County in 2017, which could impact new construction home buyers in a variety of ways. 

As noted by the Durango Herald, the county building department finally unveiled plans to upgrade building codes that date all the way back to 2003, which above all, should help increase energy efficiency in new homes by at least 15%, according to most reports. 

Despite the added cost it could add to some new home prices, though, most home builders and industry experts believe the updated codes will have very little impact on the overall market given Durango and much of the surrounding La Plata County area is already a hotbed for premium upgrades and other

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By Ryan Poppe - Last Updated: Sunday, February 19th, 2017.

New Home Construction DurangoDespite housing inventory all over the country at a surprisingly low level, new home starts dropped back in January, according to new data from the U.S. Commerce Department. The decline, however, comes just one month after a fairly substantial gain in single-family home starts, which were up by nearly 2% back in December.  

There’s also been a sizable decline in multi-family construction lately as well, which dropped nearly 8% back in December. But even with this most recent slowdown, it’s worth noting that new home construction overall has increased by a whopping 10.5% within the past year, all while demand for new housing is showing no signs of a slowdown anytime soon. 

According to the same information released by the Commerce Department, the

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By Ryan Poppe - Last Updated: Wednesday, February 15th, 2017.

Looking for Repair Issues in Home The average home inspector charges a few hundred dollars for a complete property inspection and report. Buying a home can cost quite a bit of money upfront, so can you skip the home inspection to save some cash? The numbers say you really shouldn't.

Getting a home inspection before buying lets you know if you're making an investment in a great home or a lemon that will end up costing you more in repairs down the road. Think of it as having a trusted mechanic look over a car's engine before you drive it off the lot – an expert pair of eyes is a big benefit to help you look under the hood to understand the things you might not know much about.

Specifically, here are a few reasons you should never skip the home inspection before you commit to

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By Ryan Poppe - Last Updated: Sunday, February 5th, 2017.

How Ready Are You to Buy a Home in Durango?When it comes to finding a new place to live in Durango, spotting a home you like is often the easy part. Believe it or not, some statistics say that nearly 80% of buyers know within the first five minutes whether or not they like a place, and with so much information available online these days, if you’ve even reached the point of scheduling a showing for an available home on the Durango real estate market, chances are it checks off a lot of boxes on your predetermined wish list at the very least. 

But because buying a home is such an important financial decision, it’s critical you do all your homework before making an offer and signing on the dotted line, which will help ensure you’re truly making the best possible choice for your unique situation. 

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