5 Fun Colorado Decorating Ideas

Time to change up your décor? Since you live in Colorado, paying homage to the state in your decorating isn’t a bad idea. You don’t have to go totally mountain rustic, but use your imagination in how to weave in bits and pieces of the beauty and history of the state.

If you want to change up room colors, use the beautiful mountains for ideas

5 Fun Colorado Decorating IdeasBeautiful blue skies, slate grey of the high mountains, cool browns of the rich earth and evergreen trees make for amazing inspiration. Just paint alone can give you a great Colorado feel. Calm blue walls, with touches of deep green and brown will give you a mountain feel. The greys and even burgundy streaks of slate can make a room special. Use your imagination and take your cue from your surroundings.

Want more Colorado touches?

Add touches of wood. Beautiful hardwood floors, exposed ceiling beams or wood mantle will make the home feel more rustic. If you have a fireplace that is brick, cover it with slate or stone. You can go as rustic as you want from just a bit here and there to total cabin feel.

Don’t forget the history of Colorado in your décor!

The railroad was huge. Native American tribes and cowboys make the list. Search at estate sales, antique shops or thrift stores to find that perfect piece to tie in Colorado history in your home.

Do some research in your local library to see if there is something special or specific to your town and see how you can make that part of your decorating plan.

The Perfect Colors To Use In Your Colorado Decorating

Decorating your home is always a personal decision. Your own mood and style play a huge role in what you choose. However different areas of the country have different stylistic choices as well.

Colorado is no different. With the expansive mountains setting a gorgeous backdrop for many homes here taking a cue from nature is always a good idea.

Colorado rustic decor

A lot of the décor in Colorado is more rustic in theme. If your home has those kinds of touches: wood ceiling beams, The Perfect Colors To Use In Your Colorado Decoratinglarge stone fireplaces, wood flooring and cabinetry throughout; painting a darker color will make the room feel closed in and smaller.

Cozy is one thing, smothered is another. Try using white, pale greys or pale beiges for wall and ceiling colors. It will make the space feel larger and brighter.

If you have stone touches, like a fireplace, take the cue from that to find your tone. If the stones are more grey/slate, go white or pale grey; if more red/orange toned think ivory or beige.

When deciding on colors, think about the outdoors

The light blue of the sky, white of the clouds, deep evergreen of the mountains. Choosing blues and greens give a calmer feeling in a room. You could also think of the warmer hues of the sunshine, the warm tones of the wood and stone. These give the room and your home a friendly, inviting feeling.

Keep these tips in mind as well

Dark or bright colors aren’t taboo. Use them for pops of color with pillows or furnishings. Accent walls are another great way to pull darker or brighter colors into a room. Don’t do that if the room is already small or has a low ceiling or you’ll make it feel closed in.

It’s Harder For First Time Homebuyers If Using FHA or VA Financing

First time home buyers are often among those who use the services of FHA or VA to purchase their home. The Federal Housing Administration (FHA) provides low interest mortgage assistance to homebuyers. The Veterans Administration
provides low interest mortgage assistance to military veterans. Unfortunately, these finance options can rule out many homes that these buyers can afford to purchase.

Can be harder to purchase

It’s Harder For First Time Homebuyers If Using FHA or VA FinancingIt can be much harder to purchase your home if you use FHA or VA financing. Each program has certain conditions and requirements that can make getting an affordable home difficult.

For instance, in many states condos are not VA/FHA approved and only fee simple townhomes with a homeowners association or single family homes are. That means a higher cost from the start. Let’s look at each.

FHA home loans

FHA home loans have rather low limits as to what may be borrowed. That means that if the home you are looking at is more expensive, you need to come up with either more down payment money or find another way to finance it. This can be difficult if you don’t’ have much saved or have credit problems.

This leads to another issue: credit. You have to have some credit established to qualify for an FHA loan. It doesn’t have to be perfect, but there has to be some credit history. Another issue can be your monthly payment budget. Many first time home buyers don’t realize that their monthly mortgage payment will include things like homeowners insurance and real estate taxes. An FHA mortgage also includes a monthly fee for private mortgage insurance. You will be responsible to pay an upfront fee at closing, plus 0.45% to 1.55% annually depending on the terms of your loan.

VA loans

VA loans also require an upfront fee which can vary from 0.5% to 2.8% of the loan amount, depending on factors like your service background, down payment or whether it’s your first VA loan or not. VA loans also require private mortgage insurance if you are putting less than 20% down. Quite honestly, if you have 20% or more to put down a conventional mortgage may just be a better deal.

The VA places a cap on the amount of closing costs you may pay as a buyer. This means that any closing costs over that cap will most likely be rolled into the price of the home. How is this a problem? Well, it raises your monthly payment, and if the appraisal comes in below the sales price, you’ll have to come up with the difference between appraised value and sale price to complete the sale. VA loans take longer to close due to requirements for paperwork and inspection approvals.

Are The Millennials Going To Buy Houses?

In the real estate world one of the biggest questions is Millennials.The question now is are they going to buy houses. It’s important because millennials are in the age group of first time buyers.

Are The Millennials Going To Buy Houses?The market has been much stronger but one area where it has lagged is the first time buyer market. It’s the lowest in almost 30 years. That may be alarming, but those in the know think that the drop is a long term thing. Millennials are putting off buying into the American dream, but they haven’t given up on it. While this is good news in the long run, in the short term it will be an issue.

Economic issues

At the moment this age group is shunning home buying. This is for a few reasons. Millennials watched their parents deal with the housing crash, making them more cautious about taking out large mortgages in order to buy a home. They are also, as a group, dealing with massive student debt loads that put a strain on their income and what they are able to save. They are also having a harder time finding employment and while that has become a smaller issue in the last few years, it impacts their decision making.

Marriage choices

Another reason they are holding off home buying is that most first time home buyers are young married couples who are settling down. However, Millennials are marrying later. Under age 34, just 24% of women and 30% of men are married, about half the figure for that age group in 1940, according to the Pew Center. The median age of first marriage is now over 29 years for men and 27 for women. That means that they will be in a life position to buy later, say about 35 to 40 years old.

So it’s a mixed bag, but the pieces will fall into place and they will buy houses in the future.

Why Accepting The Highest Offer Is Not Always Best

Your home has been listed and seen by a few or many people. Now you have a few offers. Your knee jerk reaction is to take the highest offer. That may not be your best plan. The highest offer may not be the best offer and here’s why.

The highest offer may not be best

Why Accepting The Highest Offer Is Not Always BestFirst reason the highest offer may not be best is that your home may not appraise for that price. This is especially  true if your home was the subject of a bidding war. If that top bidder has to get a mortgage then the mortgage company will have the property appraised. If they find that the contract price is higher than the appraised value, they won’t write a mortgage for anything more than the appraised value.

So unless that high bidder can put more money down to make up the difference, the contract will fall through. Those other bidders will have moved on and then you are left holding the bag.

Another reason:

That high bidder may just not have the financing in place or available to complete the sale. Just because they bid or offered the highest amount, it doesn’t mean they can get the financing they need or already have it in place.

Last big reason:

If they have the highest offer, they may also ask for the most repairs or concessions. Here is an example: A woman lists her home and gets a full price offer in less than a week. She accepts that offer and the home inspection takes place. The home, which was updated and in rather good shape inspected well, but the inspector mentioned a few things like “the heating system will eventually give out” although nothing is wrong with it now. The buyers then demanded that the seller replace the heating system, put an expensive filtration system on the well and make some other minor repairs. The seller refused to do anything but the minor repairs.

The house then was put back on the market and another buyer bid for under asking, but it was a cash sale and not one concession was demanded. The lesson? The seller actually walked away with more money in her pocket than she would have with the full price, higher offer.

Have your home appraised

So your best bet is to get information before accepting any offer about financing. Have your home appraised prior to sale so you know what that number will look like. Be prepared. Then you can accept the BEST offer, not necessarily the highest.