The beginning of a new year comes with endless possibilities, and while many of us are committing to health, wellness, career, and relationship resolutions, some of us have real estate on the brain.
Are you planning a move or a home improvement project this year? Home improvement projects can be exciting because you get to see your ideas come to life as you create the home you’ve always dreamed of. On the flip side, home improvement projects can be stressful. Aside from potential disagreements with your significant other about what colors and finishes to choose, (or, in my case, an opinionated 4-year-old who wants unicorns everywhere), you might also be concerned with how the changes will affect the value of your home.
As real estate agents, we get a lot of questions about the impact of renovations on an eventual selling price. These can be tricky questions to answer. We want you to love your home, which means adding your own style and personality into the finishes and décor. If, however, you’re also thinking about resale value, you might need to nix the hot pink toilet or shag carpet wall.
So which projects should you consider? According to HomeAdviser, the updates that will add the most value to your home are:
- Increasing light and space: Opening up the floor plan, vaulting the ceiling, enlarging windows or doorways, or adding usable square footage can give a sense of “breathing room.”
- Adding curb appeal: Fresh exterior paint, new landscaping, a manicured lawn, front porch furniture, and well-maintained driveways and sidewalks make your home inviting and suggest that it is well cared for.
- Creating a home office: A designated office, especially one that doesn’t decrease bedroom count, is a hot commodity as more and more companies offer employees the ability to work from home.
- Adding a deck or patio: Many homeowners see outdoor living space as a must-have amenity. A well-planned deck or patio can add a lot of enjoyment to a home.
- Painting the interior: A new paint color can completely change the look and feel of a room. Even applying a fresh coat of the same color (assuming it’s an appealing color) can make a home look newer and cleaner because, let’s face it, kids and pets do a number on walls, doors, cabinets and trim.
- Updating the kitchen and/or bathroom: Kitchens and bathrooms sell homes! Whether you do a full gut job or just paint the cabinets and install new hardware or countertops, an updated kitchen or bathroom is always a good move as long as you pick finishes that are broadly appealing and stay within an appropriate budget. A $100,000 kitchen renovation in a $300,000 home won’t get you a good return on investment.
- Finishing the basement: This option can incorporate multiple value-add items. Usable space? Check. Add a bathroom? Check. Add a bedroom? Check. Add a home office? Check. Like the kitchen reno, just make sure you don’t outprice your home or neighborhood.
No matter what home improvement project you’re planning this year, it can be helpful to get input from a professional. Feel free to reach out to our team if you have questions about added value or potential return on your updating investments. We’re happy to provide insight, offer tips, recommend designers and contractors, or run a Comparative Market Analysis of your home with and without the upgrades, all free of charge. Give us a call or send us an email. We’d love to help.
Now, onto this week’s Real Estate listings
This week, 10 new listings hit the market in Stapleton. The listings range in price from $269,900 to $1,100,000 and include both single-family and multi-family homes.
Take a look at this gorgeous Infinity Balboa Home. It’s loaded with upgrades like herringbone Carrera marble backsplash in the kitchen, custom built-ins throughout and dual shower heads in the master bath. The versatile floor plan offers a dedicated office, 3 bedrooms + loft upstairs and a finished basement with bonus room, wet bar and 4th bedroom. The front patio overlooks the 35th Avenue greenway in Central Park North while the backyard provides a private oasis. With its attached oversized 2 car garage and close proximity to parks, pools, light rail, shops and restaurants, this home capitalizes on convenience. Listed by Meredith Kemler of RedT Homes.
There were 9 homes that went under contract this week in Stapleton. Of those 9 homes, 6 were on the market for less than 1 week. So, if you see a listing you like, make an appointment to view it ASAP!
Currently in Stapleton there are only 33 properties listed for sale. All but 7 of these are resale homes.
Spec & New Build Options
If you’re open to buying a new build but don’t want to wait 6-24 months, there are a handful of spec homes available. These homes are either move-in ready or currently under construction. If you prefer to hand select all the finishes and build from the ground up, there are still some lots available. Check out the links below for more information on available spec homes and dirt lots.
- David Weekley homes – Single-family and attached homes in Bluff Lake and North End.
- Infinity “Alto” homes – Modern 3-story homes in North End.
- Infinity “Luxe” homes – High-end single-family homes on large lots in North End.
- Infinity “Vive” homes – Modern single-family homes in North End.
- Lennar “NextGen” homes– 3-4 beds upstairs, a 4th bedroom in the mother in-law apartment, 3 car garage and large unfinished basements in North End.
- Parkwood “Beacon Hill” – Townhomes in North End.
- Parkwood “Painted Ladies” – Traditional 3-story single-family homes in North End.
- Thrive “Element” homes – Income qualified homes.
- Thrive “North End Rows” – Townhomes in North End.
- Thrive “Vita” homes– Traditional street-facing homes in North End.
- Wonderland homes – Single-family and attached homes in Bluff Lake and North End.
- StapletonDenver – Check out this website for a full list of builders in Stapleton. Keep in mind that some of these builders do not currently have lots available but may release more lots later this year.
Inventory is continuously updating so if you’re interested in any of the homes in this week’s update, or if you’d like to schedule a showing, send me an email at email@example.com or feel free to call/text me at (720) 633-6282. If you have a topic you’d like to see covered on Stapleton Scoop, let us know. Have a great weekend.
Feature Image Photo Credit: Inboundwriter.com
Disclaimer: Our Friday real estate updates are meant to be a “roundup” type post where we discuss all listings in Stapleton, not just our own. It’s our way of making sure we follow the market closely and we share it with the Scoop readers because we know many of you like to track real estate in the area as well. Many of the listings in these posts are not our company’s listings and we wanted to mention that here to make sure it’s clear. Thanks for reading the Scoop!