Colorado Real Estate News

The Top Reasons People Are Moving This Year

Today, Americans are moving for a variety of different reasons. The current health crisis has truly re-shaped our lifestyles and our needs. Spending extra time where we currently live is enabling many people to re-evaluate what homeownership means and what they find most important in a home.

In 2019, 67,000 people moved to Colorado according to the US Census Bureau. In July, the Front Range Housing Market remained very competitive. Many sellers were collecting multiple offers over asking price as people continue to move to and around the front range

According to Zillow:

“In 2020, homes went from the place people returned to after work, school, hitting the gym or vacationing, to the place where families do all of the above. For those who now spend the majority of their hours at home, there’s a growing wish list of what they’d change about their homes, if possible.” 

With a new perspective on homeownership, here are some of the top reasons people are reconsidering where they live and making moves this year.

1. Working from Home

Remote work is becoming the new norm in 2020, and it’s continuing on longer than most initially expected. Many in the workforce today are discovering they don’t need to live close to the office anymore, and they can get more for their money if they move a little further outside the city limits. Lawrence Yun, Chief Economist for the National Association of Realtors (NAR) notes:

“With the sizable shift in remote work, current homeowners are looking for larger homes and this will lead to a secondary level of demand even into 2021.”

If you’ve tried to convert your guest room or your dining room into a home office with minimal success, it may be time to find a larger home. The reality is, your current house may not be optimally designed for this kind of space, making remote work and continued productivity very challenging.

2. Virtual Schooling

With school about to restart this fall, many districts are beginning the new academic year online. Education Week is tracking the reopening plans of schools across the country, and as of August 21, 21 of the 25 largest school districts are choosing remote learning as their back-to-school instructional model, affecting over 4.5 million students.

With a need for a dedicated learning space, it may be time to find a larger home to provide your children with the same kind of quiet room to focus on their schoolwork, just like you likely need for your office work.

3. A Home Gym

Staying healthy and active is a top priority for many Americans. With various levels of concern around the safety of returning to health clubs across the country, dreams of space for a home gym are growing stronger. The Home Builders Association of Greater New Orleans explains:

“For many in quarantine, a significant decrease in activity is more than a vanity issue – it’s a mental health issue.”

Having room to maintain a healthy lifestyle at home – mentally and physically – may prompt you to consider a new place to live that includes space for at-home workouts.

4. Outdoor Space 

Especially for those living in an apartment or a small townhouse, this is a new priority for many as well. Zillow also notes the benefits of being able to use yard space throughout the year:

“People want more space in their next home, and one way to get it is by turning part of the backyard into a functional room, ‘an outdoor space for play as well as entertaining or cooking.’”

Many urban dwellers remain enamored with the dynamic urban lifestyle and still enjoy condo living. Those that wish to remain downtown are looking at properties with larger patios or building rooftop decks. They look forward to the lock and leave lifestyle again in future months, but want to enhance their current space with a home office and an area to get outside on those lovely Colorado days.

Moving May Be Your Best Option

If you’re clamoring for extra space to accommodate your changing needs, making a move may be your best bet, especially while you can take advantage of today’s low mortgage rates. Low rates are making homes more affordable than they have been in years. According to Black Knight:

“Buying power for those shopping for a home is up 10% year over year, with home buyers able to afford nearly $32,000 more home than they could have 1 year ago while keeping their monthly payment the same.”

It’s a great time to get more home for your money, just when you need the extra space.

Bottom Line 

People are moving for a variety of different reasons today, and for many people, their needs have changed throughout the year. If you’ve been trying to decide if now is the time to buy a new home, contact a Kentwood broker to discuss your options!

Colorado Real Estate News

Make Your Move Stress-Free

Make Moving Easy Buying a new home is exciting…and a big deal.  If you’re searching for the perfect place or you’ve already found it, the next step in the process can feel more tedious: moving.  Moving can be stressful, a bit expensive and plenty chaotic.  But with some planning, help from friends, and a little organization, it doesn’t have to be as hectic as you imagine.  Here are some tips that will take the stress of your move.

Make a Plan of Attack

Whether you’re moving across town or across the state lines, you’ll probably want to rent a truck.  Do you have willing helpers to assist in the move, or will you need to hire some help?  If you’re moving further away, you’ll probably want professional help.  Figure out what your moving needs are, and ask friends or your real estate agent for references to a trusted mover.  Also, stock up on boxes, packing tape, permanent markers, and packing materials to protect breakable items.

Prioritize Your Packing

As you start packing your current home up, designate a few boxes for each room that you’ll need quick access to.  For example, you’ll want to keep toiletries, shower curtains and liners, a first-aid kit, and other necessities easily accessible for the bathroom.  Label these boxes “Open Now” so you know which boxes are filled with the essentials and which ones can wait until later.

 Don’t Do It Alone

Packing is a monumental task.  Invite some friends over, buy some pizza and make it a packing party.  Delegate the tasks you feel most comfortable with, such as packing up DVDs, books, and other non-fragile items.  A little help goes a long way to relieving stress.

Don’t Take It All

If you realize you have 10 boxes of clothes and you haven’t worn half of them in a few years, it’s time to part ways.  Create three piles: a “keep” pile, a “sell” pile, and a “donate” pile.  If time permits, hold a moving sale to unload some of the items you don’t want anymore.  As a bonus, selling items before you move gives you extra money that you can put towards moving expenses.  Reducing clutter is an added bonus.

Forward Your Mail

Believe it or not, people forget to do this all the time.  It’s easy to change your address with the U.S. Postal Service.  Simply visit the USPS website at www.usps.com and in a few steps you’re done.

Turn Off Your Utilities

Check with your local utility providers, as well as other services (trash pickup, newspaper delivery, cable-internet, phones, etc.) to inform them that you’re moving.  They’ll need to know an exact date for your move so they can transition or cut off service.  You don’t want to be billed for charges after you move.

Change Your Address Everywhere Else

Contact your bank, credit card companies, healthcare providers, schools, etc. to give them your new address.  Although your mail will be forwarded, you still want to update your contact information as soon as possible to avoid missing important bills or letters.

Be Flexible

Closing day can be unpredictable, and sometimes there are delays.  If you’re scheduling movers or arranging for help, you might want to pick a day or two after closing to avoid a moving-day headache.

Consider Hiring a Professional House Cleaner

Sellers don’t necessarily leave their homes in sparkling condition when they leave.  If time and budget permit, hire a house cleaner to make your new home move-in ready.  It’s one less thing for you to worry about.

Colorado Real Estate News

Prohibited: Things Your Moving Company Won’t Touch

Moving DayIt’s not every day that you pack up all of your belongings to move across town or the country. In this regard, moving companies can be a life saver. They will carry everything you own down three flights of stairs, out a window and through the rain. Well, almost everything that is. There are certain things movers draw the line at. Before you start packing up your possessions, become familiar with the list of items that your moving company will not move for you.

Hazardous Materials
Federal law bans moving companies from transporting hazardous materials, which shouldn’t come as much of a surprise. If it looks or smells dangerous, chances are they won’t be loading it into the back of a moving van. As a general rule of thumb, anything you can’t ship or dispose of regularly is prohibited. The list ranges from propane and gasoline tanks to liquid bleach, charcoal, corrosives and even nail polish remover. The best plan is to use up these items or dispose of them properly, then restock once you’ve settled into your new home.

House Plants
There might be a few moving companies that are willing to throw a house plant or two in the back of a moving van, but most won’t allow any plants on a local or cross country move. Some states are sensitive about plants. It is illegal to transport plants over 150 miles without a special license. Many officials worry about the plants transporting pests such as emerald ash borers and other problems with them and introducing them into new areas. So if your house plants are extremely important to you, you might have to bite the bullet and transport them yourself, or simply leave them behind.

Food and Pantry Items
Non-perishable food items can be transported but perishable items are a definite no. This includes frozen foods and open containers, no matter what the expiration date. Transporting food can attract all sorts of issues, and living things, along the way. And that could put your belongings and the movers at risk. Pack only sealed food with a long shelf life. If you want to take the perishable items with you, put them in a cooler to bring along in your own car. Or try to use as many of these items as you can before the move.

Valuable/Personal Items
Technically, these items aren’t among the things that movers refuse to handle. But it is always a good idea to keep your valuable items with you instead of leaving them in the hands of someone else. You don’t want to risk losing jewelry, cash, credit cards, birth certificates, passports or things that have sentimental value to you.