According to the Daily Camera article, Boulder Aims To Start Construction At Ex-BCH Site In 2019, “One of Boulder’s most significant redevelopment projects is beginning the slow morph from a rough vision to a concrete plan”. I am looking forward to learning more about this new development in the near future. It is a remarkably large parcel of land, located in a highly desirable and established neighborhood. The impact of these decisions will be profound for the adjacent homeowners and businesses. On a side note, the City rejected a homeless advocates request to use the current buildings as housing for Boulder homeless population. Source Article
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
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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
Boulder, CO (PRWEB) March 25, 2015
“Downtown Boulder Real Estate LLC (DBRE) is celebrating its 5-year anniversary this year. The boutique real estate brokerage, founded by Patrick Westfall in 2010, optimistically looks towards the future as Boulder continues to expand and evolve.
DBRE specializes in the buying and selling of single family homes, condos, townhomes, and lofts in downtown Boulder neighborhoods. Patrick Westfall prides himself on his ability to match clients with their Boulder dream abodes. His listings range from downtown Boulder penthouses and mountain properties with acreage, to palatial estates, all of which are sure to please.
Downtown Boulder Real Estate LLC is located in the iconic Boulder landmark First National Bank building, right off of Pearl Street and Broadway. The historic location, built in 1918, remains an excellent base of operations for the reality as they look towards the future. When asked about this milestone for his business, founder Patrick Westfall stated, “The last 5 years have been an amazing journey. I will never forget turning the key to open my new office.”
According to Westfall, “I focus on providing a full service client experience that seamlessly integrates the real estate process into my clients’ daily life.”
Downtown Boulder Real Estate LLC is excited to offer the property search process on mobile devices, flexible scheduling, clear and consistent communication via text and email, as well as electronic signatures for real estate documents. This tech savvy approach is designed to offer maximum support and transparency, while creating an efficient and positive user experience. Boulder is fast becoming a tech hub and DBRE is mirroring that in their innovative services.
Westfall, a University of Colorado graduate and Boulder resident since 1997, has made it his mission to bring the best of Boulder to his clients. Because of his deep ties to the area, Westfall is able to connect potential Boulderites to their dream properties. For the next five years and beyond, DBRE is ready to be the gateway into superb lots and locations and the best neighborhoods in Boulder. Learn more about Downtown Boulder Real Estate LLC and their constantly updating list of Boulder properties at downtownboulderrealestate.com, by phone at (303) 579-0469, or by email at patrickwestfall(at)downtownboulderrealestate(dot)com.”
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