HIGH EXPECTATIONS FOR COLORADO SPRINGS HOUSING MARKET
The National Association of Realtors has identified the Colorado Springs real estate market to be one of ten expected to outperform in the next three to five years. Jacob Curbow, Pikes Peak Association of Realtors board chairman, says that most of the construction is taking place in the Northeast parts of Colorado Springs which seems to be the fastest growing area of town. He added that the lion's share of new listings are north and east, near Powers and Woodmen heading toward Flying Horse.
Affordable housing in Colorado Springs continues to be an issue. Colorado Springs average monthly rent is about $1,294, roughly 11 percent above the national average, and continuing to climb along with housing prices, according to Mayor John Struthers State of the City in September 2019. The city's community development and program manager for the Department of Housing and Urban Development says that Colorado Springs is about 5,000 - 6,000 units short for wage earners at $14 - $18 an hour. The city is working on a comprehensive affordable housing plan designed to allow for the construction, preservation and opportunities to purchase an average of at least 1,000 affordable units per year going forward.
WHAT TO REPAIR BEFORE YOU LIST
Giving your home a fresh coat of paint is one of the most cost-effective ways to spruce it up, and generally, it can be a do-it-yourself project. Make sure cover any walls with scratches and chips and consider updating any accent walls with a more neutral coat.
Hardwood floors are a very desirable feature in a home, so you want to ensure they look their best by fixing scratches or dull areas. If your carpet is worn or stained, consider replacing them. And don’t forget the tile in your kitchen or bathrooms. Re-grouting can go a long way in making dingy tile work look brand new!
Refresh the landscaping.
Show buyers your home is the full package by dressing up the outside as well as the in. Clean walkways and driveways, plant seasonal flowers and plants, trim hedges and trees, install outdoor décor pieces and fill in mulch and gravel.
Fix your fixtures.
Leaky faucet? Rusted drains? Loose drawer handle? Making these small fixes can make a big difference to potential buyers with detailed-orientated minds. Improve your kitchen. An outdated kitchen can be a real eyesore in a home. Updating cabinetry, repairing or replacing countertops, and installing new faucets and sinks may be worth the investment.
Colorado Springs Real Estate Information
Welcome to Colorado Springs! Once you have been here, you quickly see why Colorado’s second-largest city has been named one of America’s “Best Places to Live.” We continue to welcome new residents who want to live, work and play where the Rocky Mountains meet the modern amenities. Colorado Springs' unique culture combines with one of the country’s greatest real estate markets to create the perfect place for homebuyers.
Search: Colorado Springs Homes For Sale, 50+ Communities, Military Relocation, Colorado
Daily life in Colorado Springs and surrounding areas is filled with beautiful natural landscape and mild weather that makes recreational opportunities like golf, hiking, biking, fishing, skiing and much more, only a part of what has long attracted homebuyers. Of course, buying a home in Colorado Springs means you also have incredible access to the amazing metropolitan amenities. A wide variety of shopping options, from large national retailers to smaller locally-owned specialty shops, combine with dining establishments that have something for every craving. Colorado Springs’ arts and culture scene is alive and well and our art galleries, performance centers, sports teams and theatres provide a vibrancy to the city. Colorado Springs features a solid economy that is boosted by the presence of Fort Carson, Schriever Air Force Base, Peterson Air Force Base and the Air Force Academy, fantastic local schools and other businesses and industries. Everyone from young families to retirees love calling Colorado Springs their home!
The Barbara Harris Team Wants To Help
Established by The Barbara Harris Team, specialists in Colorado Springs real estate, this website is a perfect resource for all of your home buying and selling needs. If you are looking to buy a home in Colorado Springs, you will find this website’s advanced property search, our featured listings, and the ability to sign up for email updates for home listings, are amazing tools for your home search. We even have resources for those looking to buy a home in one of Colorado Springs many great 50+ Lifestyle or those who need assistance during a Military Relocation. If you are selling real estate in Colorado Springs you can find valuable information on how to prepare a home for sale, receive free estimates on a home’s value, and much more. For all of your Colorado Springs real estate needs, don’t hesitate to contact The Barbara Harris Team today!