Golden Colorado : A Historic City

Golden, Colorado is an historic city at the base of the Front Range of the Rocky Mountains. It was founded during the Pike’s Peak Gold Rush in June of 1859 and Golden Colorado : A Historic Citywas originally a mining camp named “Golden City” after Thomas L. Golden. Golden served as the provisional Jefferson Territory from 1860 to 1861 and was the official capital of the Colorado Territory from 1862 to 1867. It has a colorful history making it the historical gem of Colorado.

Center of trade

Golden was the center of trade between the gold fields with the East. It was the gateway to the mountains and became an important industrial center. Golden City boasted at one time or another three flour mills, five smelters, the first railroad into the mountains, the Coors Brewery, brick works, the only paper mill west of Missouri and clay and coal mines. During the 1870s, it became home to the Colorado University Schools. Today, the Colorado School of Mines, once part of the University Schools, still exists. Golden was also home to Colorado’s third (Methodist) church, oldest Baptist church, likely oldest Christian (Disciples of Christ) church, and first Swedish immigrant (Lutheran) church.

Revitalization

As the 19th century became the 20th, several industries faded away, but others remained, including the brewing, brick making, clay mining and porcelain industries. In the 1920s a revitalization project brought the first streetscape and ornamental lighting project and urban renewal on its north and east, anchored by new senior high and grade schools. Golden successfully managed to endure the Silver Crash of 1893 and the Great Depression. The School of Mines helped by gaining a worldwide academic reputation. The Coors brewery continued to flourish and helped keep the city afloat.

After World War II Golden boomed

By 1959 the town had grown and included the Magic Mountain theme park, which was one of the first attractions like it in the US. The 80’s and 90’s brought another revitalization project and today the city still has Coors, the Colorado School of Mines and others like the National Renewable Energy Laboratory, the National Earthquake Information Center, the American Mountaineering Center, and the Colorado Railroad Museum. If you like Jolly Ranchers, they were invented in Golden and one famous permanent resident, William F. “Buffalo Bill” Cody, is buried on Lookout Mountain.

So come on out and soak in the history!

Colorado Property Investors – How to Increase Your Income

 Colorado Property Investors - How to Increase Your Income Colorado Property Investors, if you have investment property in Colorado, finding ways to increase your income is probably high on your list of things to accomplish. Using a property management company is one of the best ways to do that.

Lower Your Expenses

Colorado property investors: Raising income for investment properties shouldn’t always mean raising rents. In fact, that can be counterproductive. If you raise them too high, tenants will leave and find a cheaper place to live. In order to increase your income, lowering your expenses is the key.

There are several ways to do this: lowering maintenance costs, getting good tenants who pay on time and take care of your property and buying more investment properties. Hiring a property manager or property management company can help you with all of these.

A Property Management Company Will Save You Money

A property management company will charge you for services, but what they will save you will more than offset the cost. A good property management company will take care of day to day maintenance. That keeps higher repair bills from costing you.

Do you have the time or know how to get all of those small daily maintenance tasks done? They will also screen prospective tenants so that those you lease to are the best of the best. This will ensure that you get the rent you charge, on time. It also means that your costs to evict bad tenants will be lowered.

Help to Increase Your Income

Increasing the number of investment properties you have will also increase your income. A property management company can also help you find properties, tell you if they are a sound investment and get you on the right track in managing them from day one.

You are in the investment property business in order to make money. Use a property management company to help you make the most of that income. Give Tena D a call today to find out more! 303-452-5853

Denver Metro Real Estate Tips – How To Winterize Your Colorado Home

Cold weather is coming and it’s time to winterize your Colorado home. There are several things those in the Denver metro area should do to their real estate to get it winterized. So here are some tips for you.

Heating System

 Denver Metro Real Estate Tips - How To WInterize Your Colorado Home First, check your heating system. The time to find out you have an issue is NOT when you are freezing and need it. Check and replace filters, check pilot lights and burners.

Have your chimney cleaned if you use a fireplace or insert. Also test smoke and CO2 alarms. This is especially important if you have gas heat or use a fireplace insert! Have your ducts cleaned. When it turns on the first time, the last thing you need is for a bunch of dust to blow around the house!

Outside Needs

Outside there are several things you should do. Remove damaged branches from trees and trim them back. Snow can get heavy and big branches can cause a lot of damage to your home if they get weighed down and break due to snow or ice.

Also rake up leaves and clean up the yard. Clean out your gutters. If they are full of leaves water will not flow and will dam up under the shingles, damaging the roof when it freezes. Inspect your roof and have it repaired if necessary. Check windows inside and out to be sure seals are intact. Caulk where necessary to make them airtight.

Water Systems

Unhook hoses and put them away. Pools should be shut down for the season and outside faucets and sprinkler systems should be shut down and any water in the pipes blown out. If you don’t they will freeze and crack causing leaks

Just a little bit of maintenance can mean the difference between higher bills, or a warm, cozy, leak free home!

What Are “Open Spaces” In Colorado

When people think of Colorado, open spaces definitely come to mind. But are the things that come to mind actually what “open spaces” really mean?

What Are "Open Spaces" In ColoradoWhat Are "Open Spaces" In ColoradoOpen spaces, what most people understand them to be, aren’t always large areas of nature. In fact, state and national parks aren’t considered “open spaces.” In land use planning vernacular, open space means things like parks, smaller “green spaces” like small neighborhood gardens in cities or community playing fields. Normally they are open to the public, but can in some urban settings be privately owned.

Some definitions of open space describe it as “a natural and cultural resource, synonymous with neither ‘unused land’ nor ‘park and recreation areas” or “Open space is land and/or water area with its surface open to the sky, consciously acquired or publicly regulated to serve conservation and urban shaping function in addition to providing recreational opportunities.” Generally it’s green space for public use within a municipality. It is used to benefit the community and provide areas for that community with recreation, ecology and aesthetic value.

Recreational is obvious. Open playing fields provide an area where the community can play games or organized sports, walking or exercise. Ecological or conservation use of open space gives people places to promote biodiversity and providing a home for natural species in environments in a city environment, or to provide a place for growing food for themselves or for homeless shelters and food banks. Of course, the aesthetic value of open spaces is also obvious. Being able to have some calming green areas to relax and take in nature and color beyond the city streets.

Colorado has a lot of open spaces within their bigger cities and smaller communities. From city parks to community fields and golf courses, green is in.

The Hidden Costs of Buying a Second Home or Vacation Property in Colorado

There can be hidden costs to buying a second home or vacation property!
While there are great perks to having a second home or a vacation property, like knowing you have somewhere to go and escape the day to day stresses, and you can always rent it out to help with the expenses, be aware that there are hidden costs. If you’re thinking about buying a second home or vacation property in Colorado, keep this in mind.

The Hidden Costs of Buying a Second Home or Vacation Property in ColoradoIf you’re planning on living in or renting your vacation property, you’ll have to furnish it. So there is a hidden cost to furnish the home. In order to keep this cost lower, look for things like estate sales or higher end second hand furniture stores. Just be sure to get furnishings that are in good shape, especially if you want to rent it out. Shabby chic is cute, shabby isn’t.

Next, cleaning costs. Yes, after it is rented do you want to be the one that has to travel to clean it? Keep in mind that it’s not just a skim over cleaning. Remember what your guests are paying to stay there and think about what you would expect if you were in their shoes. Hiring a cleaning company is definitely necessary.

If you are buying a second home and you decide to rent it out, things will wear out, and you will have to replace things like carpeting and flooring, appliances, paint, caulk, anything you can think of. Then, of course you’ll have the repairs to broken plumbing or electrical or heating/air conditioning. Some of these are really cheap fixes, others not so much. Spring summer and fall you may just have to worry about cutting the grass. If you think that can slide, just don’t do it and wait to see how long it takes your neighbors to complain! These are some of the hidden costs to buying a second home or vacation property.

Speaking of plumbing and electrical, you will now have a second set of bills for electricity, gas/oil, water, sewer, trash collection and other fees. Don’t forget real estate taxes, homeowners insurance and homeowner association fees. If you hire a property management company, there are fees involved with their management as well.

Owning a second property is fun and can make you some extra money, but go into it with eyes wide open.