According to the Daily Camera article, Boulder Eyes “Menu” Of Benefits Developers Can Trade For Extra Building Height, “In 2015, amid high tension over the pace and look of new development in Boulder, the City Council approved a two-year moratorium limiting the construction of tall buildings in most parts of the city, and vowed to use those two years to assess the relationship between height, density and benefit to the community.” Fast forward to the present and the two years are about to expire so the City Council voted to extend the moratorium until July 16, 2018. In my opinion, the future of real estate development in Boulder is rising up, so to speak, to become one of the biggest game changers in the history of the City Boulder. Yes, indeed. In the near future, the skies above downtown Boulder will be pierced with taller new construction properties. Perhaps this negotiation is for the sake of community benefit… whatever that becomes, or for more affordable housing… as long as it is spread throughout all Boulder neighborhoods. This “menu” is an interesting concept. I support most of the new construction and affordable housing projects in Boulder, and I believe that the sleepy college town of years past needed a face lift. That facelift is about to reach a crescendo. If you are a developer and want to “supersize” your project you may need to negotiate with the City Council for a #5, as well as, smother it with some community benefit, and suck it down with a big gulp of affordable housing. Source Article
The City of Boulder has determined that the short-term rental movement has reached a level of sustainability and new regulations need to be carefully considered. In the Daily Camera article, “Boulder Eyes New Regulation Of Short-Term Vacation Rentals”, a new framework is highlighted which proposes that short-term vacation rentals in Boulder would be limited to people renting their principal residence under an ordinance under consideration by the City Council. In other words, investors would be restricted from buying a home in Boulder in order to continuously lease short-term using services such as AirBnB and VRBO, etc. Boulder City Council plans to review several proposals this week. Source Article
As the parent of a 6 and 8 year old, I have experienced long periods of time where subtle changes in growth are barely noticable on a daily basis. However, every so often my children experience a massive growth spurt, to the point where their pants are much too short and their faces are noticably thinner. I miss the days when they were infants and toddlers, but cherish every day of the present and embrace it as an opportunity for personal growth. Similarly, as I travel throughout downtown Boulder and beyond, there is a noticable transformation that is occurring right now with respect to the new commercial projects and residential real estate developments. As these projects rise up out of the ground, they seem to be well designed and are transforming the neighborhoods in a positive way. The fact that some of these developments are slightly taller than the surrounding buildings does not seem to have a negative effect on the appearance of the city block. In fact, couple these taller developments with the newly constructed neighborhood parks, the redesign of Central park in the heart of Boulder, hotels under construction, as well as, the new Google campus directly across the street from the Boulder transportation project and you can feel the excitement in the air. So whats the problem? According to Sean Maher in the Daily Camera article, “What is Boulder Afraid Of?”, “these buildings don’t detract from our historic district. On the contrary, they define its character.” Source Article
Estate planning can be extremely challenging, as it requires much forethought and careful consideration of financial burdens and tax liabilities. Considering gifting your home to your children? According to the Marketwatch.com article, “How to Give Your home to Your Children Tax-Free”, there is a method to the madness and a well thought out strategy could save you and your children a lot of money. Source Article
I provide my children with a weekly allowance if they make their beds and pickup their rooms on a daily basis. It not only teaches them to respect their personal space, but enhances their experience everytime that they step foot into their rooms. It is a well known fact that a neatly made bed makes the whole room appear more organized, despite what is lurking behind the closet door. Similarly, Boulder planners have been discussing the possibility of a University Hill National Register Historic District. This would provide property owners with an opportunity to apply for and receive financial assistance when considering improvements to the exterior of their investments. According to the Daily Camera, Boulder city council is considering a local historic district designation for this commercial area in an effort to help control the appearance of these facades. It is true, not every property owner has “good taste”. Both of these designations would assist with providing an incentive to property owners to improve the appearance of their buildings and increase the value of their investment at the same time. Simultaneously, I feel that a greater effort should be made to enhance the streetscapes by cleaning the stains from the sidewalks, as well as, adding large planters with seasonal flowers and contemporary art from CU students or local artists. Source Article
In a recent study by CoreLogic, Colorado ranked highest for home price growth in last 12 months. The report revealed that “At 8.4%, Colorado saw the strongest growth, followed closely by Texas at 7.8% and New York at 7.6%.” In Boulder, there is a lack of inventory which is creating high demand and competing offers. Typically, there are at least 5-10 homes listed for $500,000-$1,500,000 in most Boulder neighborhoods. Today, many of these neighborhoods possess as few 1-3 listings, with a surplus of properties priced at $1,500,000-$4,000,000. However, spring is just around the corner and I anticipate an influx of new listings to satisfy the pentup demand. Keep in mind, well maintained properties situated on a desirable lot will sell the quickest and for the listed price or higher. If you want to succeed, my advice is to be prepared and understand the market so that you will have an opportuntiy to compete, if necessary, for the home of your dreams. Source Article
The Boulder real estate market has been very strong over the past few years, and the rental market is even stronger. Typically, tenants are paying a premium for a downtown Boulder real estate condo. In this Marketwatch article titled, “The $700,000+ Mistake Nearly 6 in 10 Millennials May Make”, a argument is made that the percentage of homeownership of young professionals is declining and it is costing these Millennials a lot of money. Source Article
Since the Great Recession of 2008, low down payment loans were difficult to obtain. However, lenders are now beginning to loosen their requirements in order to make home ownership affordable to more buyers. If you have been thinking of buying your first home, or have considered buying rather than paying rent every month, this is your opportunity to purchase a home. Source Article
The Daily Camera building lot will be transformed into a project with contemporary and historic appeal. According to the Daily Camera newspaper, “Karlin Real Estate, property owner of 1048 Pearl St. and 1023 Walnut St., and its development team submitted a second site review application for EleventhandPearl, a 160,000-square-foot building with office, retail, restaurant and art-house theater uses.” I am looking forward to watching this transformation and experiencing the ongoing metamorphosis of the west end of Pearl Street.
At Downtown Boulder Real Estate, I have created a flexible, innovative, and independent boutique real estate firm. It is understood that you possess the technological resources to explore the Boulder real estate market from anywhere on the planet. As your real estate advisor, I am highly motivated to assist you with this exploration. I possess the knowledge and tools to execute our plan from a laptop computer, iPhone, or your kitchen table. Using this approach, I have devised an exciting and successful strategy to navigate the real estate landscape and achieve my clients’ investment goals.
Fantasy shopping the mega mansions on WSJ.