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Cory Dudley

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Net Worth of Homeowners 44x Greater than Renters

by Cory Dudley

 

 

Every three years, the Federal Reserve conducts their Survey of Consumer Finances in which they collect data across all economic and social groups. The latest survey data, covering 2013-2016 was released two weeks ago.

The study revealed that the 2016 median net worth of homeowners was $231,400 - a 15% increase since 2013. At the same time, the median net worth of renters decreased by 5% ($5,200 today compared to $5,500 in 2013).

These numbers reveal that the net worth of a homeowner is over 44 times greater than that of a renter!

 

Owning a home is a great way to build family wealth

As we’ve said before, simply put, homeownership is a form of ‘forced savings.’ Every time you pay your mortgage, you are contributing to your net worth by increasing the equity in your home.

That is why, for the fourth year in a row, Gallup reported that Americans picked real estate as the best long-term investment. This year’s results showed that 34% of Americans chose real estate, followed by stocks at 26% and then gold, savings accounts/CDs, or bonds.

 

Greater equity in your home gives you options

If you want to find out how you can use the increased equity in your home to move to a home that better fits your current lifestyle, let’s get together to discuss the process.

 

Motivational Monday - REI's "Adventure in Real Life"

by Cory Dudley

 

"My plan never included this many roadblocks. But maybe the only difference between 'roadblock' and 'adventure' was my perspective..."

 

Life often doesn't go quite as planned. In fact, many of us are familiar with the old saying, "The only constant in life is change." Depending on the day and your mood when such change strikes, it can be difficult to embrace it fully for the adventure that it is! REI's short film "Adventure in Real Life" touches on the importance of changing perspective in order to appreciate experiences as they come; for better or for worse.

 

(Video Credit: REI)

 

"Slowly I discovered that nature was all the more beautiful because of the unplanned and the unexpected."

 

 

"I guess life is like that; full of setbacks and roadblocks. But when we love something enough, we can turn any obstacle into an Odyssey. The truth is, life isn't going to go as planned... The only question is will you choose to call it an adventure?"

 

Nothing forces someone to embrace a humble attitude like a tough challenge. You're bound to become kinder and more sympathetic to others and their own obstacles, too. Embracing your failures will better prepare you for your next great adventure, and remind you that you are indeed human. 

 

The most efficient use of your mental and emotional energy is to focus on yourself first; what do you think of your efforts? How do you prioritize personal growth? What makes you truly happy? What makes you feel accomplished? While the validation of others can be a temporary relief, your own validation will provide long term satisfaction in any situation.

 

 

 

Sarah Jo's HOT PICK of the Week!

by Cory Dudley

 

My HOT PICK is a beautiful Old Town bungalow just a couple blocks from downtown restaurants, shops & services. 610 Terry Street combines classic detail and charm with modern updates - and for only $425,000you won't want to miss out on this one! 

 

 

 

Enjoy morning coffee or host a neighborhood gathering from your peaceful covered front porch, kept in beautiful condition. 

 

 

Thanks to it's CBD (Central Business District) zoning, this property can be used as a single family home or by multiple business as professional space! A flexible layout allows for innovative usage, no matter how you intend to use the space.

 

 

The updated kitchen comes with all appliances included in the sale, and lots of light! 

 

 

 

Common spaces could be used as traditional dining & sitting areas, or utilized as a waiting area by a professional working out of the home! Beautiful wood floors and high ceilings make the space feel welcoming and open. 

 

 

On the main floor is a room with French doors, which could easily be used as either a family entertainment room or a treatment room for various services. Built-in shelving provides additional storage for decorations or books!

 

 

 

Upstairs you'll find the master bedroom with attached reading area or in-home office. 

 

 

Victorian details can be found throughout the home, but the bathroom has extra charm! The home was built in 1910 and wonderfully combines updates with bungalow design.

 

 

 

With 3 bedrooms, 1 full bathroom and a half bathroom, there's plenty of room for everyone. 

 

 

A lovely and landscaped backyard houses a cute studio space, which could double as a yoga or meditation spot or playroom. Flagstone walkways guide you through the yard to an additional patio near the back.  

 

 

 

 

The location simply cannot be beat; just one block from Roosevelt Park and two blocks from Longmont's downtown shops. Various updates have been done, such as a newer roof, A/C, wiring, plumbing and water heater. 

 

Give me a call if you'd like a private showing of this cute home, or any others like it! Click HERE for a list of other Old Town bungalows currently available on the market. 

 

(Listed by RE/MAX of Boulder, Inc

 

 

Sarah Jo is a REALTOR and the Director of Marketing & Social Media for The Winning Team Real Estate Group. As someone who grew up right here in Old Town Longmont, she has excellent knowledge of the area and a love for it, too. With her client's wants & needs in mind, she strives to provide the best experience for everyone she helps! During the summer months she can be found soaking in the sun at Horsetooth Reservoir, snowshoeing and sledding in the winter, and driving up to see the aspen take on new colors in fall - no matter what, it's all Colorado, all the time.

Sarah Jo can be reached by mobile at 720.934.3404 or email at sarahjo@justlistedcolo.com.

 


Green Thumb Guidance - Outdoor Living for Any Season

by Cory Dudley

 

 

 

Here in Colorado, as we already know this fall, it can be 75℉ one day and 25℉ the next.  We can get more than 300 days of sunshine during the year and it’s important to take full advantage of the weather no matter what season.  Here are a few tips to make your outdoor living space cozy and enjoyable any time of the year.

 

Warmth

The biggest factor if you will go outside and use your patio will be, is it warm enough?  Provide a fire pit (built-in or moveable) for your family and guests to huddle around.  Fire places can also be a great spot for a cozy outdoor couch to make it really feel like an outdoor living room.  You can also purchase portable outdoor heaters that can be placed in the specific locations on your patio.  Another option can be heaters that are mounted on a pergola or enclosed patio to give you warmth without the fire.

 

 

Lighting

 

Adding a little of bit of ambiance will really invite you and your guest outdoors when nights become longer.  Place a few path lights along your front entry but also along your back patio to help guide your guests.  Uplight your evergreen trees or place uplights on a wall to soften your landscape.  Cafe lights strung from your pergola or trees can add a playful look as well.  Be sure to not light up your entire backyard so you can still see the night sky but a few here and there will help light the way to your outdoor space.

 

 

 

Furniture

Outdoor furniture can be just as important as your couch inside. Your family will end up spending a lot of time lounging outside if you have something comfy to sit or lay on.  Also, it’s a great time to set up a nice dining table for family dinners or even a Thanksgiving dinner in the brisk fall air.  Places like Christy Sports, Fruehauf’s or All Backyard Fun have a wide selection of outdoor patio sets.

 

Comfort

As with any space you use, you want it to be inviting and comfortable.  Add blankets, pillows and warm drinks as you lounge outside in the sunshine.  Though the air is brisk, it’s a great time to soak in some vitamin D and relax.  Outdoor speakers could also be nice to add soft music on your patio.

 

Grill or Outdoor Kitchen

Cooking outdoors isn’t just for summer barbeques anymore.  Gas grills and outdoor kitchens make it really easy to light up the grill for any weekday dinner.  It is also nice to be able to be with your guest in your outdoor living room while you are cooking.  These built in kitchens can complement your home and really add value to your property and be something you can always use no matter the weather.

 

 

Swim Spa or Hot Tub

 

There is a reason hot tubs are so popular year round - they are warm and relaxing.  Whether you are the only one soaking or you have invited all your friends, a hot tub is a warm way of enjoying your backyard any time of the year.  If you are looking for something a bit bigger consider a swim spa for soaking or exercising. 

 

 

 

 

Enclosure

 

If you really want to make your outdoor living space feel cozy, add a pergola or covered patio.  This will add shade, protection from the rain or snow and make it feel like your very own outdoor living room.  

 

 

 

 

Bring the Fun

 

Set up some backyard ladder golf, cornhole or bocce ball for your guests to enjoy in the cool fall air.  You can also mount a T.V. under a shade structure to watch Sunday football with friends.  Host a movie night to watch your favorite films on a projector screen or wall while you lounge on the patio furniture or lay on a blanket in the grass.

 

 

 

Garden

Your garden doesn’t have to look grey and dull all season.  Make sure you plant trees, shrubs and perennials that have winter interest for color and texture.  Evergreens will add rich greens, while grasses can sway in the wind.  Add chrysanthemums for a pop of color in the fall with pansies and ornamental kale as annuals.

 

Celebrate

Take advantage of the sunshine and carve pumpkins outside in the fallen leaves.  Decorate your home with pumpkins, squash and corn stalks.  Host a holiday party that is both indoors and outdoors so your guests can use the fire pit and outdoor kitchen.

 

 

Kristen Whitehead, owner of Helios Landscape Design, writes featured blog posts for our monthly newsletter on everything plant-related! She's happy to guide you in your next garden design effort.

 

 

Rocky Mountain National Park Series - Stay Curious Video Series

by Cory Dudley

 

 

"I think that's what I like the best is understanding more about how things work, and what's living there, and how it interacts with all the other organisms in that system."

- Erin Borgman 

 

The National Park Service's video series, Stay Curious, most recently selected and interviewed one of Rocky Mountain National Park's very own. Erin Borgman is an NPS Ecologist and Field Coordinator with the Rocky Mountain Inventory and Monitoring Division. In short, her job is to keep a close eye on the vital signs and overall 'health' of important streams and rivers within the park. These bodies of water are the most important resource to the park's habitat and wildlife inhabitants, making her mission a crucial one! 

 

Check out the video below to learn how Erin began down the path of Ecology sciences and the advice she has for anyone else trying to discover their place in the world around them. 

 

 

Thinking of Selling? Competition is Coming!

by Cory Dudley

 

The number of building permits issued for single-family homes is the best indicator of how many newly built homes will rise over the next few months. According to the latest U.S. Census Bureau and U.S. Department of Housing & Urban Development Residential Sales Report, the number of these permits were up 7.7% over last year.

 

How will this impact buyers?

 

More inventory means more options. Danielle Hale, Realtor.com’s Chief Economist, explained this is good news for the housing market - especially for those looking to buy:

"It's not spectacular construction growth, but it's slow and steady in the right direction. Eventually, the pickup in single-family home construction will mean [buyers] will have more options. Especially with the limited number of sales right now, more options are really needed."

 


 

How will this impact sellers?

 

More inventory means more competition. Today, because of the tremendous lack of inventory, a seller can expect:

  1. A great price on their home as buyers outbid each other for it
  2. A quick sale as buyers have so little to choose from
  3. Fewer hassles as buyers don’t want to “rock the boat” on the deal

 

With an increase in competition, the seller may not enjoy these same benefits. As Hale said:

"As new construction continues to increase, home shoppers will eventually have more [choices] and a bit more time to make purchase decisions compared to today's quick-moving housing market."

 


 

Bottom Line

 

If you are considering the sale of your home, it might make sense to beat this new construction competition to the market.

 

 

 

"Love creates a communion with life. Love expands us, connects us, sweetens us, ennobles us.

Love springs up in tender concern, it blossoms into caring action. It makes beauty out of all we touch. In any moment we can step beyond our small self and embrace each other as beloved parts of a whole."

- Jack Kornfield 

 

 

We know all too well that the world can be a scary, overwhelming and confusing place; and lately there seems to be a lot going on. Between natural disasters and acts of violence, headlines are dreaded and draining before the day has even begun. Despite the darkness during challenging times, there is something else going on that's worth noting. 

People are donating their time and resources to charities and various efforts of all kinds. They're giving all that they can, however they can. It's during the darkest times that humanity can shine the brightest! That light is putting love and kindness into action, and we're all capable of putting this energy into practice. 

Beyond becoming involved in your community and in charities that speak to you, inward reflection is an essential aspect of processing tragic events that are beyond our control. Truth be told, the majority of us can only control how we react to such things. A simple meditation practice can cultivate the love & kindness that is so important following disasters, and can even be done in spare moments throughout your daily life.

 

 

Loving Kindness Meditation

 

Begin by finding a quiet or special space where you feel comfortable and relaxed. Take deep breaths for a few minutes, focusing on a soft heart and releasing all plans and precautions. First, recite the below phrases inwardly and focus on your own well-being. 

May I be filled with loving kindness.

May I be safe for inner and outer dangers.

May I be well in body and mind. 

May I be at ease and happy. 

While repeating the phrases, allow images to come and go naturally, and focus on allowing the feelings to fully permeate your body & mind.

 

When you are feeling a strong sense of self love, you can then feel confident in expanding the meditation to include others in your own social circles, then your community, and finally, humanity as a whole. Repeat the same phrases as above, but imagine sending the feelings outwards to others. 

May you be filled with loving kindness. 

May you be safe for inner and outer dangers.

May you be well in body and mind.

May you be at ease and happy.

 

Christa's HOT PICK of the Week!

by Cory Dudley

 

My HOT PICK for the week is 242 Stickney Street in Lyons, Colorado!

 

 

Live at the base of the mountains, 30 minutes to Rocky Mountain National Park, 15 minutes to shopping in Longmont, a beautiful commute to Boulder along the foothills highway, MILES and MILES of trails to explore, thousands of acres of Boulder County Open Space, there’s world class BEER here too – you’d be walking distance to Oscar Blues! You’re around the corner from The Stone Cup, the bestest little coffee shop in Boulder County.

Need I say more, it’s front range living at its finest!!!

 

 

Built in 2007, it has the charm of a historic bungalow with none of the older home fixing up. ​

 

 

Beautiful, warm, classy kitchen! You want to cook here! Your house will become the weekend getaway home for all your friends! Maybe that’s a good thing… maybe not…?

 

 

Open floor plan with vaulted ceilings. ​

 

 

3 bright bedrooms all on the main level, updated baths and a fully finished basement. 

 

 

Co​nvenience, charm, location, space! This is a Lyons gem! It won’t last long, but I’d love to check it out with you and then go grab a beer! Let’s do it! 😲 Call, text or email – 303-913-9698​

 


 

(Listed by Gateway Realty Group)

 

 

Christa Marsh is a full time Realtor® and Buyer’s Specialist. From first-time home buyers to seasoned home-buying pros, Christa has all the tools and support to make the process fun, efficient, and most importantly SUCCESSFUL! Call, text or email at christa@justlistedcolo.com | 303-913-9698

 

Local Longmont Ballot Issues

by Cory Dudley

 

There are 3 ballot issues that have been approved by the Longmont City Council for inclusion in the 2017 election. Before it's time to cast your vote, get the 4-1-1 on each issue and make a truly informed decision.

 

No matter what your stance, be sure you participate on Election Day, November 7th!

 

Water Storage Bond - Ballot Question 2J

 

 

What is it all about? The City of Longmont is requesting the issuance of bonds to fund construction of a water supply reservoir for Longmont's use.

 

Why? Currently, Longmont is one of several cities that have water rights in the Windy Gap Project; water diverted from the Colorado River that is at this time held in Lake Granby. During wet periods when the lake is full, there's nowhere to store the excess water! The goal is to have additional storage space during wet periods, and a surplus available during dry times.

 

How will it be built, and where? Construction and management of the project will be managed by the Northern Colorado Water Conservancy District on behalf of 12 different participants. The reservoir would be built just west of Carter Lake and would be approximately the same size (90,000 acre feet). 

 

What would this cost residents? The proposal is to increase water rates by 13% in 2018 and 10% in 2019. For example, if someone's water bill is currently $36.07, it would instead cost $37.39. 

 

Arguments FOR....

* Significant opportunity for Longmont to secure both the current and future water supply for the city

* Bond financing has initially lower user rates than if cash were used to fund this project

* Costs are more equitably distributed among current and future Longmont residents 

* Continued contributions will come from fees paid on building permits

​​

Arguments AGAINST....

* Longmont doesn't have a need for this much water now or in the future 

* Alternative funding sources should be involved rather than the city itself 

* There are other options available out there to address the issue of city water

 

 

Public Safety Tax - Ballot Question 2H

 

 

What is it all about? Did you know that the Longmont community has grown by over 10,000 people in the past 10 years? As a result, the City is asking voters to approve an increase in the public safety tax. 

 

What effect does the growth in our community have, from a public safety perspective? Some of the most obvious effects are recorded increases in service calls, violent crime (increased by 20%), traffic volume, accidents and traffic-related fatalities, and computer fraud and technology-related crimes. 

 

What would the increased tax be used for? It will be used to hire more police officers, dispatchers, firefights and necessary support staff, as well as all the equipment and facilities needed to provide public safety services.

 

What would this cost residents? The increase to 0.255% is approximately 2.55 cents for every $10 spent on taxable goods. 

 

Arguments FOR...

* This tax increase is necessary to properly align police and fire services with the safety needs of Longmont

* In order to better address 9-1-1 demands, emergency dispatchers must be properly supported

* Longmont is currently behind the ball on providing these critical services to the community, despite its undeniable growth

 

Arguments AGAINST...

* Shouldn't the growth within the community pay it's own way for increased needs?

* It's the duty of the city to prioritize city services as needed, not simply increase taxes

 

 

Marijuana Tax - Ballot Issue 21

 

 

What is this all about? This particular issue is two-fold. 1.) The city council is considering allowing 4 retail marijuana stores within Longmont city limits and 2.) Put in place an additional tax on the sales in said stores.

 

Are you saying that all residents will pay this tax? NO. Only people who purchase trail marijuana within Longmont city limits will pay this tax! 

 

How much would the tax be? 3%, or 3 cents per dollar spent on marijuana products. 

 

What would the proceeds be used for? Half of the tax collected will likely be used for various expenses related to the retail marijuana sales; licensing, inspections and public safety services. The other half will be used to fund affordable housing. 

 

Arguments FOR... 

* An additional cost will be incurred by allowing retail marijuana stores to open shop within the city limits, and an additional tax will be necessary to support that

* Tax revenue will be used for affordable housing

* There is an opportunity to collect revenue from other Colorado residents surrounding Longmont from other communities in which retail marijuana sales are prohibited

* Currently, Longmont is losing out on revenue collection because Longmont residents are traveling to nearby Boulder, Lafayette and Louisville and contributing taxes to those communities instead

 

Arguments AGAINST...

* There is no clear use guarantee that the funds will go directly to affordable housing

* Other communities along the Front Range have lower tax rates than this proposal, meaning Longmont won't be able to compete anyway

* Additional taxes specifically target marijuana users to pay for city services, and why should marjiuana use be taxed any differently than clothes, food and other products?

 

Rocky Mountain National Park Series - Park Closures for Elk Protection

by Cory Dudley

 

Closures to protect the elk during the annual bugling season are currently in effect throughout Rocky Mountain National Park. Horseshoe Park, Upper Beaver Meadows, Moraine Park, Harbison Meadow and Holzwarth Meadow will all be closed through October 31st. In addition, fishing in the Fall River, Thompson River or Colorado River during the closure period is prohibited.

 

"The purpose of the closures is to prevent disturbance and harassment of elk during their fall mating period and to enhance visitor elk viewing opportunities," states Kyle Patterson, park spokeswoman.


 

The park reminds visitors that elk calling, shining headlights for better nighttime visibility and generally harassing the elk is not only prohibited but dangerous. The majority of issues are caused by people directly who get too closely to the elk, or "elk jams" due to so many viewers parked alongside the roads. 

 

In order to enjoy the rutting season and visits to the mountains responsibly, maintain your distance! 

 

 

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Cory Dudley
The Winning Team Real Estate Group
522 Kimbark St
Longmont CO 80501
Mobile: (303) 641-8597
Office: (303) 776-4004
Fax: (303) 776-4661