Home Deductibles for Horse Owners

Posted on March 30, 2018 by blogeditor

Deductibles are essential homeowner tools and here’s why.

Owning your own home is an amazing thing. You have a lot more control on what goes on in your own home. You are building up equity for your future. Owning your own home as a horse owner is even more amazing. You don’t want to be relying on a landlord when it comes to your animals. However, it is nice to know that someone has you covered in case something happens to your property and this is where deductibles come in.

The idea behind insurance is to that the risk of loss and give it to a company, and all you need to do is pay a premium. Most policies have a deductible. These reduce the amount of the claim. For more information, contact Colorado Horse Property for professional help.

Policyholders often consider higher deductibles to lower the premium. Lower deductibles mean less money out of pocket if a loss occurs but higher premiums. Higher deductibles result in lower premiums, but you bear a more significant part of the loss. Reviewing your deductible is essential. Discuss risks with your property insurance agent so that you’re familiar with the amount. Make any changes that would be appropriate before a claim is made. The FEMA website has information and frequently asked questions about flood insurance.

Retiring Horse Owners

Posted on March 15, 2018 by blogeditor

Retiring horse owners can sometimes find it hard to relocate. Looking for a horse property is now easier than ever with coloradohorseproperty.com, which has over 3,500 properties listed in Colorado. So, are looking for an equestrian property for sale for you and your horse? We got you covered. Your retirement is for you to enjoy, not to worry about where you will be living.

Retiring horse owners will find a haven in Colorado.

But let’s be honest—when it comes to making decisions, we spend more time thinking about which cell phone plan we want to buy than we do our own retirements. Take a moment and imagine retiring on your very own horse property. It doesn’t take long to sit down and calculate how much money you will have to put towards your retirement is you keep a close watch on your spending. The average American has the ability to save around thirty thousand dollars over a period of fifteen years.

Using around $35,000 for a 20% down payment and closing costs on a $150,000 rental home could give you all the money you will need for retirement and much more. The $35,000 could grow to $153,302. The rate of return on a rental could be as high as 14.19%. Remember, the same agent at Colorado Horse Property who helped you with your home can help you invest in a rental home.

What About Refinancing?

Posted on March 13, 2018 by blogeditor

If you are planning on refinancing your horse property, consider not taking money out of it. I know that might sound ludicrous at first, but there are advantages to this strategy. You could more than likely come out of the deal with a lower rate, allowing you to build equity faster so that you can pay off your home sooner. Also, if you are looking for a horse property for sale in Colorado, contact Colorado Horse Property today and speak with one of our horse-person realtors.

Refinancing Horse Property

Paying off your home sooner than later can be the smartest decision you’ve ever made, especially when it comes to being a homeowner in today’s economic climate. So, if you have the extra cash sitting around, opt into lower rates and avoid the low savings rates being paid by banks these days.

Here’s how it works—Consider the following scenario. You, the homeowner, have made nearly fifty payments of over thirteen hundred dollars, making the current mortgage a five percent for a thirty year loan. Now, consider that you decide to refinance for a rate of fifteen years at a little over three percent. If the homeowner puts in $36,000, their payments will be slightly more but the mortgage will be paid off in fifteen years. At that same point, if they keep the current mortgage, their unpaid balance will be well over one hundred thousand dollars. Talk to your financial adviser to see if a cash-in refinance is the right thing for you.

Let’s Talk Home Lighting

Posted on March 2, 2018 by blogeditor

Getting the right kind of home lighting for your home is essential. Even if you had the nicest home in Colorado, it will not look that way without good home lighting. Fortunately, since the passing of a new energy act in 2017, it is now required that new energy-efficient light bulbs are used. Also, if you are looking for a horse property for sale in Colorado, contact Colorado Horse Property today and speak with one of our horse-person realtors.

Home Lighting

Standard incandescent bulbs do a poor job at lighting up your home. Therefore they are phasing out and eventually will be unavailable. However, you should still shop around when it comes to these new alternative bulbs because they differ considerably in price. For example, LED bulbs are the most efficient but they also cost the most. If you are looking for a bulb that will show off your new Colorado horse property but don’t have a fortune to spend, then CFLs are a less expensive alternative. Keep in mind that the more expensive replacements offer lower operating costs and longer economic life.

If you are making the decision to replace your home lighting, then you should have a plan in place. It could be very expensive to replace all the bulbs in your home at one time. What if most of the bulbs still work? Do you just throw them out? Colorado Horse Property would advice homeowners to only replace the bulbs in the rooms where the lights are used the most such as kitchen, family rooms and bathrooms. Bulbs differ in light output (lumens) as well as color of light.

Paying Off Your Mortgage

Posted on February 20, 2018 by blogeditor

Paying off your mortgage? Who doesn’t want to get rid of their debt? No long owing money on your home and paying off your mortgage so that you own your home is a huge part of the American Dream. But don’t write that check just yet—there may be conflicting circumstances that will change your mind. Paying off your mortgage early will no doubt leave you with more cash every month, less interest paid, and a great credit score, but there are also negative consequences as well. At Colorado Horse Property we know that everyone’s financial situations are different, so make sure you know the facts before making any decisions.

Paying Off Your Mortgage Pros

Paying off your mortgage will leave you with peace of mind knowing that you don’t have a mortgage to worry about.
You will save on interest, regardless of your current mortgage rate.
You can lower your housing costs, allowing you to save for more important things like retirement.

The Cons

You could use the money that you have to pay off your mortgage to pay off other debts that have higher interest rates.
Your employer might have a matching retirement plan that would benefit you a lot more.
You have more urgent financial needs like emergency fund, life, health and disability insurance. Don’t pay off your mortgage when the money is better used somewhere else.
If you believe that high inflation will affect the value of your mortgage then paying off your mortgage could become too expensive. Contact your property adviser for more information on inflation before making a decision.
You can invest at a higher rate than your mortgage.
You might not qualify for a mortgage currently.

Home Cleaning Tips

Posted on February 13, 2018 by blogeditor

Home cleaning tips can help you when life gets away from you sometimes. Routines can be tight, especially if you have a large family to take care of. However, sometimes cleaning doesn’t get enough time in the schedule that it needs. Actually, if you manage your time efficiently, you can take care of your family and your home with less time cleaning up. Also, if you are looking for a horse property for sale in Colorado, contact Colorado Horse Property today and speak with one of our horse-person realtors.

I’m not talking about throwing the clothes in the washing machine or the dishes in the dishwasher. I’m talking about dusting, which depending on how large your home is can be a difficult thing to do. You have to be committed to your housekeeping strategy and not only cleans away the dust built up in the nooks and crannies of your home but also what causes the dust buildup in the first place. Remember, dust can cause allergies and asthma symptoms so riding it from your home will make everyone happy. Here are a few tips on how to do that. Get help with spots and stains here at Colorado Horse Property.

Home Cleaning Tips

Purifiers/Humidifiers—Humidifiers are known to eliminate static electricity which can hold onto dust and air purifiers circulate the air in your home, capturing dust and other pollutants as it does so.
Vacuuming—If you have carpeting in your home that must be vacuumed, don’t forget to change the bag or emptying the container in your vacuum. Consider vacuuming your floors once a week so that the dust don’t have time to build up. Remember to vacuum under furniture and periodically move appliances to clean behind and underneath. It might seem like a hassle, but by using the proper attachments to your vacuum on upholstered furniture and under cushions can really make a difference.
Planning—Plan on dusting your home at least twice a week. That might sound like a lot, but the more you do it the less there will be to dust every time. Try starting with the tallest items and work your way down. Don’t forget about the small things like picture frames, blinds, baseboards and anything that stands out from the wall. Mopping with a damp mop and dusting with plain water helps hold the dust and is environmentally friendly.
Microfiber—Microfiber cloths have an electrostatic charge and can attract dust more efficiently than using a regular feather duster. Actually, feather dusters can spread more dust than they collect.
Home Air Filters—Filters on heating and air-conditioning systems hold a lot of dust and should be changed often. This will also increase the efficiency of the units themselves. HEPA filters can improve the overall indoor air quality.

Rental Investments

Posted on February 12, 2018 by blogeditor

Rental Investments: It is no secret that owning a rental property is a great investment. For one thing, they can offer a higher rate of return than other investments. This can be achieved without having to worry about the stock market. Colorado Horse Property has already compared rentals and mutual funds.

Some people’s main source of income comes from other forms of investment. Investments like certificates of deposit and from bonds at less than two percent. If you are one of them then you will probably be looking for an alternative. The answer is investing in rentals. Find out more about how rentals might complement your current investment plans. You cab contact your real estate professionals at Colorado Horse Property for help. Here are a few more reasons to invest in rentals.

Rental Investments: Reasons to Invest

Expenses
When managing a rental you will come across extra expenses. Your tenant may ring you up and inform you that a bulb has blown. Fixing these issues can cost you some time but not money. Income from the monthly rent contributes to paying these expenses. So, you don’t have to come up with any extra money. Rentals pay for themselves.
Economy
Today’s economy is in the perfect condition to benefit rental owners. Increased rents, and low, non-owner occupied mortgage rates amounts to more money in your pocket and very favorable rates of return.
Depreciation/Appreciation
We all know that values can go up and down and that goes for rental properties. If you stay on top of the expenses that your rentals accrue, appreciation will be achieved as the value of the property goes up.
Control
Rental owners have more control on their invest because of leverage. Leverage can increase the return on investment. They do this by using borrowed funds to control a larger asset.

CLUE Reports

Posted on February 10, 2018 by blogeditor

CLUE Reports: CLUE is a popular acronym in the industry that stands for Comprehensive Loss Underwriting Exchange. It is a report showing the insurance claims for the past five to seven years on your car and home. The report is created from a database. This is used by insurance companies to evaluate risks. Then they come up with rates. If you are looking for horse Property in Colorado, contact Colorado Horse Property to find an agent that is perfect for you.

CLUE Reports

Since it comes from a human-developed database, rates can be falsely increased by data entry error as well as legitimate claims. Keep a close check on it to ensure that errors have not occurred for your car or home. Fortunately the reports are free and there is even a process that will allow to fix any mistakes you find. You probably don’t want any surprises during the home buying process. If you’re trying to sell your home, why not request the personal property report on your residence? That way they know there’s no hidden damage that you made an insurance claim about but didn’t otherwise disclose.

The claim of the previous seller could impact the price of the premium of a new buyer. Therefore, you can ask for a copy of the comprehensive loss underwriting exchange report on the home you’re interested in buying before writing a contract. The buyer will get the property inspected as a condition of purchase. And yet having the C.L.U.E. report handy is just another way to ensure the buyers. They want to know that they are not buying a property loaded with hidden problems that got passed on to the insurer. For more information on what to look out for when buying a home, check out this home buyers checklist.

Mutual Funds v. Rental Properties

Posted on February 10, 2018 by blogeditor

Mutual funds and rental properties are two great ways to make money, but which is more beneficial in the long run? If you are a parent, you have probably already starting stressing over finding the money to send your child to college. In today’s economic climate getting a good job without a college degree is nearly impossible, not to mention how competitive the job market is these days. Now more than ever it is imperative that you start planning now for your kids future. Fortunately, you might be able to find the extra money you might need in someone else’s pocket through rental real estate benefits. Also, if you are looking for a horse property for sale in Colorado, contact Colorado Horse Property today and speak with one of our horse-person realtors.

Mutual Funds

Owning a rental can definitely be more profitable than a mutual fund and here’s how: Consider that you have $25,000 to invest. Putting that money into a mutual fund paying 5% would earn $1,250 in the first year. But see what happens when you invest that same amount into a rental property. The $25,000 as a 20% down payment to purchase a $125,000 rental home appreciating 3% a year would have gone up by $3,750 or three times that of the mutual fund in the first year. The potential is so much bigger when you invest in rentals.

A mutual fund is not as good because its growth depends solely on the money that you invested in the first place, but rental real estate results in a bigger benefit with the control of a 20% down payment; this is where that “someone else’s pocket” money comes into play. Leverage allows the investor to profit not only from the amount of cash invested but from the value of the investment. And leverage is not the only benefit. You may be saving for your children’s higher education or your own retirement. Using single-family homes as investments are the best investment you can make when compared to mutual funds because homeowners have a better understanding than many other investments. If you decide to invest in a rental property, here is a home buyer list of things to keep in mind.

Renting News

Posted on February 6, 2018 by blogeditor

Renting news can help you in the decision to rent or not to rent? To own or not to own? These are the questions that inhabit the minds of many young people who are making those first steps to setting down roots. It can be a scary decision whether to rent or buy. On one hand if something goes wrong the landlord can fix it for you, but owning your home gives you a great sense of accomplishment and security.

For some of you it may just come down to dollars and cents. Putting a down payment on a home is a lot more costly than a small deposit on an apartment. If you are on the fence about buying your first home, here is some news that might help you make the decision. For more help contact Colorado Horse Property.

Renting News

Interest rates in Colorado have been at an all-time low and show no sign of changing anytime soon. If you get a home now you can be locked-in at these great low rates for thirty years.
It is estimated that over ninety percent of taxpayers will elect to use the new standard deduction that is part of the new tax law. This new standard deduction of homeowners.
In many cases it is cheaper than ever to buy property. This reduction in the effective cost of housing is due to principal reductions and property appreciation.
In this day and age it is easier than ever to research the history of an area so that you can make more accurate predictions of how a home will go up in price due to appreciation.
Amortized loans and reduce the balance you owe on a home. The loan applies an amount of each payment you make on your property to the principal amount that you owe to retire the loan over time.What does this financing mumbo-jumbo mean? Think of it as a forced savings account—when you make your payment, the unpaid balance is reduced.