Living January 31, 2024

Simple Ways to Conserve Energy at Home

Whether you want to use less energy to reduce your carbon footprint or your monthly costs, there are plenty of easy ways to conserve the electricity and natural gas you’re using in your home. Energy conservation can be as simple as closing your curtains, changing a light bulb, turning down your thermostat, or closing the fireplace damper. Many of the most inexpensive solutions quickly pay for themselves in conservation, which you ultimately benefit from when you get your power bill.

 

Do Your Chores During “Off Peak” Hours

One of the biggest ways you can conserve energy is to take advantage of “off-peak” hours. This is a step that everyone can take because it simply involves shifting your use of major appliances, such as ovens, washing machines, dryers, and dishwashers, to a time when the demand on the power supply is lower.

Check with your power company to see if they have peak hour rate changes and adjust your schedule as you can to do your laundry and dishes during the off-peak times.

And when it’s time, upgrade your large appliances to Energy Star products for the most efficient and use of your power.

 

Small Changes in Your Laundry Cycle

Another way you can save energy is by washing your clothes in cold water and only running full loads. This reduces the need for your machine to heat the water and has the double benefit of keeping your clothes in good condition for longer, further reducing your textile waste when you don’t have to replace your clothes as often.

To speed up the clothes drying process, add a dry towel or two to your machine to soak up excess moisture. Another option is wool dryer balls which not only help clothes dry faster, but you can also add drops of your favorite essential oils in place of single-use dryer sheets, which cause dust build up in your dryer vents and add to the landfill.

It’s also important to keep to a maintenance schedule with your washer and dryer. Clear out the lint trap after every load and make sure the dryer hose and vent are clear. Clean the filter on your washer once a month to keep things running efficiently.

More: Saving in the Laundry Room

 

Heating and Cooling Tips

Heating and cooling systems account for almost half of home energy consumption but luckily there are several easy ways you can reduce your home’s demand.

Conventional measures, such as setting back your thermostat, are effective at lowering your energy use and costs. In fact, the Department of Energy estimates you can save 10 percent on your power bill if you turn your thermostat temperature down by 10 degrees for eight hours a day. Here are a few ways you can reduce energy consumption and save money:

  1. Experiment with the temperature that you’re most comfortable with to determine if you can keep your thermostat set to a lower temperature.
  2. Set a schedule on your thermostat to change the temperature of your home when you’re asleep or not home, in the winter set it lower, in the summer set it higher.
  3. Close your blinds and shades to keep the air from escaping through the windows, and to keep the sun from heating up the air inside your home.
  4. Keep the fireplace damper closed unless you have a fire burning. Leaving the damper open can cause drafts and heat loss throughout your house.

It’s also important to keep your HVAC system clean and maintained. Change your furnace filter frequently, clear out any dusty ducts, and keep the air in your home clean with air purifiers. Doing so will enable your heating system to run more efficiently and be more cost-effective.

 

Update Your Lighting

It’s estimated that lighting accounts for 15 percent of your overall home energy bill, so another way you can conserve, other than turning the lights off when you leave a room, is by using energy-saving light emitting diodes (LEDs).

LEDs use about 90% less energy and last up to 25x longer than incandescent lightbulbs. They’re available in a number of shapes, sizes, and tones, making it an easy replacement for almost any bulb in your home. When shopping for LEDs, look for those with the Energy Star label on them—this ensures that you’re purchasing a product that has been approved by the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy (DOE).

More: How to Find the Right Lighting For Your Home

 

For more information about energy conservation, please visit www.energystar.org.

 

Originally Posted by Meaghan McGlynn

Living October 25, 2023

9 Options to Remove, Hide or Play Down a Popcorn Ceiling

Don’t love your popcorn ceiling? You’re not the only one stuck with some unwanted stucco overhead. There are many options for moving on from it, but not all of them are equally effective—or equally easy. To help you decide how to address your popcorn problem, here are some top ways to remove, cover or distract from stucco ceilings.

 

A bathroom with a popcorn ceiling and decorative tile.

The Kitchen Source, Houzz

 

History of the Popcorn Ceiling

From the 1950s to the 1980s, so-called popcorn ceilings (with their prickly stucco texture resembling the popular movie theater snack) were a major architectural staple in America and many other nations. Eventually the asbestos commonly used in the application was found to be toxic, and demand severely dropped. However, a textured ceiling does have its advantages. It reduces echoes and hides ceiling plane imperfections, which is why it’s still used (in asbestos-free formulations) today, as shown in the bathroom here. Despite its practical uses, popcorn ceilings, for many people, are considered an unfashionable eyesore, especially with contemporary demand for “clean lines.” Also, popcorn ceilings can gather dust and be difficult to clean or repaint, which means they don’t always age beautifully. But don’t worry. You’ve got plenty of options.

 

A living room with a popcorn ceiling and traditional interior design with blue tile vases and lamps and a modern glass coffee table.

Gia Interior Design, Houzz

 

Ceiling Scraping

The good news is a sprayed-on stucco coating can be scraped off to reveal the original ceiling surface, a process usually known simply as “ceiling scraping” or “stucco removal.” A specialist typically does this because (here’s the bad news) the process can be somewhat costly at around $1 to $2 per square foot. It’s a messy, labor-intensive process, hence the high cost.

Also, in some cases, the results may not achieve the crispness of a ceiling that had not been stuccoed in the first place, especially if the stucco has been painted over, which greatly complicates the removal process. Even in the best cases the exposed ceiling will typically require at least some smoothing and patching to create a more even and crisp final product, which makes this an extensive and relatively challenging undertaking for DIYers.

While ceiling stucco no longer uses asbestos in modern applications, homes built before 1980 (or even in the early ’80s while old stucco products were still stocked) may include asbestos. If there is any doubt, a professional asbestos test should be conducted before any resurfacing, which could release heavily toxic dust.

Ceiling Replacement

One of the simplest alternatives to scraping is removing and replacing the ceiling drywall. Alternately, you can have the ceiling layered over with new drywall. The drop in the ceiling plane will often be minimal, and this method can encase asbestos rather than releasing it into the air, delaying the issue, if not resolving it. Re-drywalling a ceiling will cost closer to $4 to $6 per square foot, but the results will be more predictable.

Covering Stucco

Speaking of layering, there are many other materials besides drywall that can be installed over a popcorn ceiling, many of which add extra personality to a room.

Beadboard

Classic beadboard makes a charming ceiling treatment, and not just in a rustic cottage. Painted white, the subtle texture of beadboard paneling works well in traditional spaces or modern ones, adding a layer of depth in an unconventional place. Panels of beadboard often cost less than 50 cents per square foot, making this a very affordable option, especially for handy DIYers. For a contemporary twist, try finishing the ceiling in a gloss paint, as shown here. This slow-drying finish will take more labor to complete, but the results have incredible depth and elegance.

 

A bedroom with beadboard, a common alternative for a popcorn ceiling.

Spinnaker Development, Houzz

 

Warm Wood

If you’re not into painted beadboard, try multitonal wood for a rich, inviting treatment that’s great for a den or sitting area. Contrast it with white molding and crossbeams, or let the wood speak for itself. This approach works well with rustic decor, as a gentle touch in a modernist space or somewhere in between.

 

A kitchen with a warm wood ceiling, white cabinets, and shiny hardwood floors.

Bravehart Design Build, Houzz

 

Pressed Tin

Whether you use true pressed tin tiles or a fiber substitute, this classic ceiling look recalls speak-easy style and makes a great cover-up for a kitchen ceiling. You can paint it white or pale gray to keep the look breezy, or an inky dark hue (like charcoal or navy) for moody atmosphere. Or choose a metallic finish for extra sheen and drama. Many companies now provide faux pressed tin and other panel systems specifically designed to cover stuccoed or damaged ceilings. They typically cost $1 to $5 per square foot. To have a professional install these materials for you, expect to pay several hundred dollars extra.

 

A bedroom decorated with pressed tin and modern decor.

The Morson Collection, Houzz

 

Other Options

  • Lighting: Sometimes the best way to deal with ceiling stucco is to de-emphasize it, and smart lighting choices can go a long way toward that. Notice how the lighting hitting this stucco wall emphasizes the texture. Great when the effect is desired. To avoid highlighting unwanted ceiling stucco, choose lights that aim downward, rather than upward or outward, so light is cast on beautiful surfaces below and not on your ceiling itself. Try pot lights, or semi-flush-mounts (or pendants) with an opaque shade to aim light downward rather than multiple directions.
  • Paint: Ultimately, the best way to deal with a popcorn ceiling may simply be to learn to live with it. Think about it: How many people do you know who live with popcorn ceilings? I bet you can’t specifically remember who has it or doesn’t, because unless a ceiling is highlighted, we don’t typically spend much time looking at it.

Try painting the walls and the ceiling the same color to blur the lines between them, and then create drama at ground level to draw the eye down. You’ll soon forget about your stucco altogether.

By Yanic Simard. For more information , visit Houzz: How to Decorate Your Ceiling

 


Featured Image Source: Getty Images | Image Credit: ucpage

Buying October 12, 2023

Buyer Beware: Is That House For Sale Haunted?

A trope as old as horror movies: a family moves into a beautiful house that they bought for well under market value. They’ve put all their savings into the move, and they’re looking for a fresh start. When they meet the neighbors and other townsfolk, they quickly learn that there’s a history to the home they weren’t aware of.

At first, it’s easy to chalk these abnormal experiences up to common symptoms of buying a fixer-upper. The children hearing noises in the closet and the dad’s inexplicable sleepwalking spells are thought of as nothing more than stress and anxiety from the move. It’s only when things get out of hand that the family finally realizes the extent of the haunting.

Buyer Beware: Is That House for Sale Haunted?

While sharing a home with the supernatural can be a selling point for some buyers, it’s quite the opposite for others. In fact, a 2017 survey by realtor.com® found that 33% of people were open to living in a haunted house, 25% would consider it, but 42% said it was a dealbreaker. So, how do you make sure you’re fully informed about a home’s history? Knowing the right questions to ask is the first step.

Ask to See the Seller Disclosure Form

In the famous 1991 case Stambovsky v. Ackley, the new homeowner Jeffrey Stambovsky won a lawsuit against the previous owner for not disclosing the history of hauntings.

In this case, the previous owner had published stories about the family’s experiences in Reader’s Digest and their local newspaper. In her writings, she explained several interactions with ghostly beings in the home, including finding that her children had been given rings that would later disappear, bed shaking, and conversations with the floating specters.

The court took this evidence and ruled the “defendant is estopped to deny [the ghost’s] existence and, as a matter of law, the house is haunted.” This case set the standard for future seller disclosures. In this instance, they found that the history of the home and the seller’s experiences in it would have influenced the marketability. Therefore, omitting these facts was unfair to the buyer.

Thanks to Stambovsky v. Ackley, nowadays sellers in many states are obligated by law to disclose information that impacts a property’s marketability.

 

A dilapidated white house with boarded-up windows, dirty siding, and two chimneys

Image Source: Getty Images – Image Credit: shaunl

 

Research the History of the Home

In 1991 when Mr. Stambovsky bought his haunted house, the internet wasn’t what it is today. Now you can learn all about a home’s history before you make an offer. Search the address and town name to start. Keywords like “haunted,” “ghosts,” and “news report” will help you detect whether there’s been any paranormal activity associated with the property.

Ask Your Agent and the Neighbors 

This is where neighbors come in handy. When you find a home you want to pursue, contact the neighbors to see what they know about the home’s history. The same goes for your real estate agent; he or she can reach out to the listing agent to see if there is anything troubling you should know about prior to buying. While many states don’t require sellers to disclose paranormal activity or deaths in the home, if asked, all real estate agents must, by law, answer truthfully.

To learn more about how to protect yourself as a buyer, learn more about common real estate contingencies and the role they play in making an offer on a home:

Making a Contingent Offer: Common Real Estate Contingencies

Originally Posted by by Meaghan McGlynn


­­­­­­Featured Image Source: Getty Images – Image Credit: ysbrandcosijn

Virtual ToursWindsor Real Estate September 14, 2023

Cul-de-sac Living at a Great Price

Tucked away in a quiet cul-de-sac in the heart of Windsor, you will find this rare opportunity to own a home in NOCO for under 400k! As you step inside, you’ll be captivated by the spacious living area and updated kitchen. This well-kept RANCH offers multiple areas for entertaining- a living room and family room. The screened in porch faces the backyard complete with MATURE LANDSCAPING, Raised garden beds, a dog run, and 2 storage sheds. The location couldn’t be better! This home is just minutes from local schools, downtown Windsor, shopping, and a block from the neighborhood park. 551 Sycamore Dr is a true gem. Don’t let this opportunity pass you by! Call (970) 396-7233 to schedule a private tour or click here for more information.

BuyingLiving September 6, 2023

What to Do After Moving Into a New Home

Nothing beats the feeling of buying a new home. You’ve worked hard with your agent to find the right home for you, you’ve worked with the seller to finalize the deal, and you’ve signed all the paperwork to transfer ownership. Congratulations! Everything has led to securing your new home, so now that you’re officially moving, what do you do next? Here’s a quick guide to the move-in process to help you get settled into your new home.

Moving Day

The day you move, you’ll be juggling all kinds of timelines at once. You’re coordinating with movers, arranging for trucks to be picked up and dropped off, and making sure that nothing gets damaged in the process. The best thing you can do on this chaotic but exciting day is to be available. Being on hand at your new home to answer the mover’s questions will help speed up the process.

It helps to have a checklist of your important items to make sure nothing has gotten lost during the moving process. Check these items off one by one as the movers bring them in. Next, you’ll want to confirm that the utilities have been turned on and are ready for use. Check all lights, smoke detectors, appliances, CO2 alarms, your home security system, fire extinguishers, etc. Finally, install new locks and make sure your keys work properly.

 

A Black heterosexual couple sits smiling on the living room floor of their new home after moving in. There are boxes on the hardwood floor around them. The woman jokingly holds a piece of cardboard that arches over the couple imitating a roof over their heads.

Image Source: Getty Images – Image Credit: skynesher

 

What to Do After Moving In

  • Clean and Unpack: Before you start emptying your boxes, it’s a good idea to wipe down the surfaces to keep your items from getting dirty. A full deep cleaning of your home may not be in the cards just yet since there’s still plenty of moving to be done, which inevitably brings more dust and dirt in the house.
  • Childproof and Pet-Safe Home: If you’ve got little ones and/or pets, this is the time to set up their accommodations. Learn more about how to properly childproof your home so your kids can feel like it’s home sweet home from day one. When preparing to house your pets, keep in mind that some cleaning methods are more pet-friendly than others.
  • Setup and Organize: Now it’s time to get everything in its right place. Organize room by room, storing items in logical places where you won’t forget them as soon as they’re stowed away. The first rooms you’ll want to tackle are the bedrooms, bathrooms, and kitchen. These are the rooms you’ll need the most during the first few days in your new home, so having them put together will better position you to tackle the rest of the house. Getting your closets, bathroom cabinets, and kitchen drawers organized from the start will make for a more enjoyable moving process.
  • Update Your Information: You’ll also want to update your address everywhere it’s applicable as soon as possible, consider setting up mail forwarding to ensure you don’t miss any important mail in the meantime.

For more information on the moving process, visit our comprehensive Moving Checklist, available as a interactive webpage and downloadable PDF here:

Moving Checklist

 

Originally Posted by Sandy Dodge


­­­­­­Featured Image Source: Getty Images – Image Credit: FreshSplash

Living August 28, 2023

How to Design Small Spaces at Home

The truth is, the average size of apartments in the U.S. is shrinking, and studio and one-bedroom apartments are becoming more prevalent (rentcafe.com). This means knowing how to design for small spaces has never been more important. Whether you’re not quite ready to purchase a home or you’re looking to downsize, the creative possibilities are endless for maximizing square footage at home without sacrificing comfort or style. Let’s dive into some of the ways you can transform your home by making the most of your space.

Small Space Design Ideas

Multifunctional Furniture

All your essential items have to go somewhere, but how do you find a right place for everything without taking away from the rest of your home? Multifunctional furniture can be a lifeline for finding storage space without cluttering your home. Explore ottomans that have compartments to stow blankets, magazines, and other living room items. Folding desks can also ease the burden of storage without getting messy. Thanks to items like these, you can avoid investing in an outside storage unit just because you have limited square footage at home.

 

A living room with minimal decorations that show how to design a small space, with elements of multifunctional design throughout the open living room including a multi-purpose couch and a convertible shelving unit.

Image Source: Getty Images – Image Credit: KatarzynaBialasiewicz

 

Maximize Vertical Space

Fortunately, there’s more space available to you than the floor surface area of your home. Storage can be arranged vertically with items like hanging shelves and drawers. This can be especially helpful in the kitchen, where getting items up and away from the more cluttered areas within reach will clear counter space and make the space feel more open and inviting. Wall-mounted magnetic strips for knives and hanging racks for pots and pans can clear significant space.

 

A White woman with short greying hair reaches for kitchen items on her open shelves above her countertops.

Image Source: Getty Images – Image Credit: enigma_images

 

Embrace Minimalism

When you move into a smaller space, you’ll be faced with a question: what do I really need? With only so much room available, this is the perfect opportunity for an exercise in minimalism. Paring down your possessions will reduce clutter and make the smaller spaces in your home feel roomier. Consider purchasing a bed with built-in storage drawers, which can eliminate the need for a bulky dresser in the bedroom. Get creative with floating shelves to lessen the need for large bookshelves and credenzas. Though these are common furnishings, they take up space and tend to dominate smaller rooms.

 

An airy and minimalist living room with a small coffee table and hardwood floors with neutral color palette of cream, taupe, and blue shows how to design a small corner that looks lived in and stylish.

Image Source: Getty Images – Image Credit: Aleksandra Zlatkovic

 

With a touch of creativity, you can transform your home’s interior while maximizing your square footage, and most importantly, making your home feel more like you.

 

Originally posted by Sandy Dodge

Virtual ToursWindsor Real Estate August 19, 2023

Winter Farms Open-Concept Ranch

Welcome home to 642 Denali Court, a ranch-style house situated in the desirable Winter Farms neighborhood! This property boasts a bright and open layout, with 3 beds/2 baths, & 2 car garage. A giant unfinished basement offers endless possibilities for a custom remodel or extra storage. Enjoy mature landscaping within the privacy of a fully fenced yard. Looking to get out? Parks, Downtown Windsor, Windsor Lake, Historical Museums, and the Farmers Market are easily accessible by bike and walking paths. You won’t want to miss out on this move-in ready home! Call (970) 396-7233 to schedule a private tour or click here for more information.

 

LivingMarket Updates July 13, 2023

How to Reduce Your Interest Rate: Mortgage Buydowns

When mortgage rates are up, prospective buyers can often feel like they’re at a disadvantage as they go about securing a home loan. Fortunately, there are ways to lower your interest rate to make your monthly mortgage payments more affordable.

What are mortgage buydowns?

A mortgage rate buydown is a form of financing that allows you to secure a lower interest rate on your mortgage by paying more money upfront in the form of discount points, also known as mortgage points, at closing. Each discount point is equal to one percent of your total loan amount. Especially attractive in times of high mortgage rates, buydowns are offered by sellers, builders, or lenders depending on the transaction. There are two main types of mortgage interest rate buydowns: permanent and temporary.

Permanent Mortgage Buydowns

With a permanent interest rate buydown, typically the borrower, seller, or builder will contribute to the cost of buying down the rate permanently. In this situation, the borrower qualifies at the bought-down rate for the life of the loan.

Temporary Mortgage Buydowns

A temporary interest rate buydown provides cash flow for the borrower during the temporary period, but they still qualify at the higher note rate. Typically, the seller or builder will contribute to the cost of buying the rate down temporarily.


Use our Home Monthly Payment Calculator to experiment with different down payments, principal amounts, interest rates, taxes, and more for any listing price.

 

How do temporary mortgage buydowns work?

Temporary mortgage interest rate buydowns have their own unique structure. Below are three common types:

  • 1-0 Buydown Mortgage: The borrower gets a 1% discounted interest rate for the first year.
  • 2-1 Buydown Mortgage: The borrower gets a discounted interest rate for the first two years of the loan. The first year, the interest rate is 2% lower, decreasing to 1% lower the second year.
  • 3-2-1 Buydown Mortgage: The borrower gets a 3% discounted rate the first year, dropping to 2% in the second year and 1% in the third year.

Although they share certain characteristics with adjustable-rate mortgages (ARMs), temporary mortgage buydowns are slightly different. ARMs initially have a fixed interest rate period. Once the adjustable-rate period kicks in, both the interest rate and monthly payments are subject to change. With buydowns, the buyer’s interest rate doesn’t change; either the seller or lender covers part of the interest payments as outlined by the buydown’s structure.

 

A man and woman homeowner couple discuss the terms of a mortgage buydown program with their mortgage broker in a modern office setting.

Image Source: Getty Images – Image Credit: kate_sept2004

 

Should I permanently buy down my mortgage?

Though buying down your mortgage interest rate permanently can make the payments more affordable, if you are contributing to this cost, make sure you can withstand the heavier financial load before proceeding. It also depends on how long you plan to live in the home. For example, if you plan to move shortly after buying, the short-term savings on your mortgage may not yet break even on your upfront costs by the time you’re ready to purchase again.

Pros of Mortgage Buydowns

  • Savings on monthly mortgage payments
  • A lower rate means you could qualify for a higher loan
  • Discount points = prepaid mortgage interest, which is often tax-deductible

Cons of Mortgage Buydowns

  • Higher upfront costs of buying a home
  • If payments increase, higher risk of foreclosure
  • Less cash available for remodeling, home improvements, etc.

 

A home office desk is filled with materials for a full day’s work; a full coffee cup, a smartphone, paperwork, and a laptop with a mortgage loan application form on the screen.

Image Source: Getty Images – Image Credit: cnythzl

 

How much can I save with a mortgage buydown?

Here’s an example of the savings you could see with a 3-2-1 temporary mortgage buydown. Let’s say you qualify for a 30-year mortgage with a $400,000 loan amount at an interest rate of 7%. With a 3-2-1 buydown, you’d pay a 4% interest rate the first year, 5% the second year, and 6% the third year. From year four on, you’d pay 7%.

 

Purchase Price Down Payment Loan Amount Interest Rate APR Loan Term
$500,000 $100,000 $400,000 7% 7.125% 30 years


3-2-1 Temporary Mortgage Interest Rate Buydown

 

Year 1 Year 2 Year 3 Years 4-30
Interest Rate 4% 5% 6% 7%
Number of Payments 12 12 12 336
Monthly P&I Payment $1,909.66 $2,147.29 $2,398.20 $2,661.21
Total PITI Payment $1,909.66 $2,147.29 $2,398.20 $2,661.21
Monthly Reduction $751.55 $513.92 $263.01

  • Calculations provided by Penrith Home Loans
  • Temporary buydown cost as % of purchase price 3.67%

 

With this structure, you’d save $9,018.60 the first year, $6,167.04 the second, and $3,156.12 the third, for a total three-year savings of $18,341.76.

Living June 12, 2023

Your Guide to Going Solar

To reduce your carbon footprint, increase your household’s sustainability, and add value to your property, solar power may be right for you. Understanding how solar works and how to maximize its benefits are key first steps in your journey to becoming a solar energy-producing household.

How does solar power work?

The technology that turns your house into a solar energy-harnessing hub is called photovoltaics, more commonly known as PV. PV works by fielding direct sunlight and absorbing its photons into the solar panels’ cells, which then creates electricity that provides energy for your home. This energy reduces your home’s output of carbon and other pollutants, which translates to cleaner air and water.

With the sun as your power source, the majority of the power generation occurs during the middle of the day, making summer the highest producing season. Rooftop panels work best when they are exposed to sunlight, free of shade or shadow from nearby trees or structures. Given the sun’s east-to-west path, south-facing roofs are best-suited for maximizing your solar power. To see if your roof is set up for success, consult a mapping service or solar calculator to establish your roof’s suitability. If your roof isn’t up to standard, you can explore alternatives such as ground mount solar installations and community solar gardens.

Components of Solar Power

  • Solar Panels: Capture the sun’s energy
  • Inverter: Converts the sun’s energy to a form that powers devices
  • Racking: The foundation that holds your solar system in place
  • Batteries: Store the energy generated
  • Charge Controller: Controls how quickly the batteries charge

 

A brick home with solar panels covering its steep roof.

Image Source: Getty Images – Image Credit: hansenn

 

What are the benefits of solar power?

Sustainability: Having a renewable source of energy coursing through your home reduces your household’s carbon footprint by converting a significant portion of your home’s energy to solar power.

Save Money: How much money you save by going solar depends largely on how much energy your household consumes and the energy output of your solar panels. The cost of solar power has steadily decreased over time, so you are more likely to save as time goes on. For information on state incentives and tax breaks, explore what options apply to your home by visiting DSIRE (Database of State Incentives for Renewables & Efficiency®).

Utilities: Whether your utility company charges a flat rate for electricity or charges variable rates throughout the day based on electricity production—i.e., higher rates in the afternoon, lower rates at night—solar power offsets the price you are charged for electricity. It becomes even more valuable during those higher-rate periods or during seasonal fluctuations in utilities costs.

Sell Solar Power Back: Homeowners can sell their solar energy back to utilities through “Net-metering” plans. When your power generation rate is greater than your household’s consumption rate, the end result on your electric bill is a net energy consumption. Refer to DSIRE for region-specific regulations and policies.

Home Value: Studies have shown that buyers are willing to pay more for homes with solar panels. The Appraisal Journal, published by the industry-leading appraisers association The Appraisal Institute, found that homes with solar PV systems increased their home value by $20 for every $1 saved on utility bills annually.

Although the right solar solution looks different for each household, what remains true across the board is that solar power creates more sustainable homes while increasing home value. Taking all this information into your solar power plans will help to improve your home’s renewable energy output and reduce your carbon footprint.

 

Originally posted by Sandy Dodge

Fort Collins Real EstateMarket UpdatesWindsor Real Estate May 8, 2023

TAX ASSESSMENT TIME

By statute, properties in Colorado are re-assessed every two years and owners are given their new Assessed Valuation in early May.

This year, many Colorado property owners are surprised by the amount their property’s value went up in just two years.

An important reason why many increases are substantial is based on the timing of comparable sales.

By statue, each County will only consider comparable sales used for the valuation between 7/1/2020 and 6/30/22.

This particular 24-month period happens to be one of the most active and robust real estate markets in history.

It can also be confusion that a new valuation received in May 2023 is based on comparable sales from way back in 2020, 2021 and the first half of 2022.

If you do plan to protest, comparable sales during that same 24-month period are the only ones which can be considered.

You may have questions about your new valuation and you may want to protest.

In any case, we are happy to help you.

Simply reach out to me!