Archives for December 2012

Recap of my year, NYE Happenings! by Ryan Levander

I have lived and seen quite a bit of the US in the quarter century I have been occupying oxygen for. I grew up in the frozen conservative tundra that is North Dakota, moved out to the free spirit liberal city that is Asheville, North Carolina. And visited many, many cities inbetween the two! 

I have learned a lot about community in the latter part of my years. Community is what makes a city function to it's fullest potential. Community is the choice to a home more than just where you see your family. Community is, Fort Collins. 

That being said, I've lived here for one year and feel VERY welcome in the community of Fort Collins. There is such a good mix of everything to do in the Front Range. The musical scene is fantastic, the food is local and second to none, the arts scene adds depth to Old Towne, and the outdoor activites year-round are endless. But without the people, everything I just mentioned is cool, nothing more. When you add awesome people to get out and have fun with it becomes, well…home! Thanks NoCo, I definitely have many homes away from home! 🙂

Later on this week I'll put up some of my favorite photos of the year in the Community section under "Galleries". I took over 5,000 photos this year, each one better than the next. NoCo is just so beautiful! 

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**Ok, let's get to the gravy for tonight! So much going on…

…"First Night Fort Collins" is an event kicking things off at 5pm in Old Towne. The kid shows start at 5pm, all other ones start at 6pm. Get there early so you can see the shows you want to see! You can buy a pass for the whole event (Over 100 performances!). More information on that here: First Night FoCoFireworks will also be apart of the night! 

Musically it's going to be a great night…

…Fierce Bad Rabbit will be playing at Hodi's Half Note debuting their latest album drop, The Maestro and The Elephant. Doors open at 9pm, show starts at 10pm! 

Nationally renound Folk/Indie band Elephant Revival will be playing at The Aggie tonight as well. They are close to home, having originated up in the high country of Nederland, CO! 

Those are the biggest events going on tonight in Fort Collins. If you are in the Loveland area or want to see the biggest firework show north of Denver – check out the Centerra Mall Outlets! 

Again, these are the biggest events going on, I'm quite positive every bar and restaurant in Old Towne has their own thing going on – so give 'em a call if you want to check them out, too! 

NoCo Lifestyle's will be snapping photos at First Night Fort Collins, Fierce Bad Rabbit's Show, and Elephant Revival over at the Aggie Theatre as well! Gonna be a busy but fun night!

Check back here and on our Facebook Page for all the great shots! Also, we're on twitter @nocolifestyle 

Here's to a great 2013 everyone – have fun and be safe tonight! 

Christmas with the Celts by Ryan Levander

NoCo Lifestyle snagged the last ticket to tonight's Christmas with the Celts show at Lincoln Center for the Performing Arts! The Celts are an Irish, English, and American blend of musicians traveling around the globe spreading Holiday cheer with their fantastic Christmas parodies. 

Check out a list of their limited American tour and see why Fort Collins is so grateful to be the only Colorado stop on a short list! 2012 HOLIDAY TOUR

Wanna see the great photos I snag tonight and hear the 411 on how the show went? Then come on back here later and I'll have my favorite photos up, a short video, and a write-up on the event! It promises to be a great night! 

Check out more Holiday shows and musicials at the Lincoln Center in Downtown Fort Collins HERE

Fort Collins Fourplexes and Loveland Duplexes by Richard Jensen

In case you haven't heard, multi-family housing inventory is extremely low in Northern Colorado.  As landlords and property managers continue to reap the benefits of increasing rents in Fort Collins and Loveland, renters are finding creative ways to minimize their housing costs.  I know there are hundreds of apartment units currently under construction throughout Fort Collins, and I anticipate that once more new housing is available the rents in Fort Collins and Loveland will begin to stabilize a bit.

Today I previewed a fourplex in north Fort Collins built in 1984 consisting of two 2BD and two 3BD units.  The units are in very good condition and the building has newer windows, new exterior paint, a roof replaced in the last five years, and other upgrades.  I remember previewing a very similar fourplex on a neighboring street back in 2009 and at that time the property was a short sale.  It sold for $265,000.  The Fort Collins fourplex I previewed today is listed at approximately $410,000.  At just over $100,000 per unit with a rent factor of about $34,000 per year, this property has a CAP rate of just under 7.0%.

I also previewed a duplex in Loveland built in 1998 consisting of two 3BD 2BA units.  This Loveland duplex is listed at $338,000 with a rent factor of $26,280 per year and the tenants pay all of the utilities.  The CAP rate on this Loveland duplex is just over 6.3%.

So what does all of this mean to you?  Well, if you are a renter who is considering buying a home then I would just encourage you to consider buying a residential income property in Northern Colorado instead of immediately buying a home.  Why?  Because owner-occupied residential financing exists for multi-family units (up to 4 units) meaning that you can actually purchase an investment property as your primary residence.  You can live in one unit while your tenants pay down your mortgage, which ultimately creates wealth more quickly.  Think about it.  And if you don't know where to start, just give me a call and I can discuss more of the details with you.  After all, this is exactly what I did when I purchased my first fourplex.

And what does this mean if you currently own rental units in Fort Collins and Loveland?  It may be time to look at your one-year plan, five-year plan, and ten-year plan for your investment property.  Hundreds of rental units are under construction but at this time (December 2012) inventory is very low.  CAP rates are also lower than they were a year ago meaning that sellers are asking more per unit in this Northern Colorado real estate market.  Have you considered selling your investment property and deferring the capital gains tax with a 1031 exchange?  Or perhaps it is time to sell your older units with deferred maintenance and purchase newer real estate investments?

Whether you are a first-time home buyer, an investor, or a current property owner there are plenty of strategies and options available to you to leverage your Fort Collins and Loveland real estate.  To schedule a free no-obligation consultation please call local Realtor® Richard Jensen with Keller Williams Realty of Northern Colorado. 

Thanks for reading our Northern Colorado Real Estate and Lifestyle Blog!