5 Ways to Improve Your Home Without Hiring a Contractor

Whether you’re selling a home or have just moved into one that appears to need a little TLC, the idea of hiring a construction contractor to do real home improvement work can be daunting. Who wants to worry about a bunch of strangers tromping through your home or the hassle of haggling for parts and labor costs? The good news is that even if the house seems a little shabby at first, if there’s nothing structurally wrong with it, you’re perfectly safe to make improvements the DIY way instead. With these five easy to accomplish tricks, you can drastically improve the quality of your listing or coziness of your new home without the troubles that come with contractors.

1) New Coat of Paint

Inside or out, shabby paint can make an entire home seem older and more run-down than it really is. In fact, professional house flippers often find their best opportunities with homes that simply haven’t been repainted in over a decade so look much worse than they really are. If you’re selling, choose soft neutral colors like white, beige, and warm pale pastels for the interior and something that fits well in the neighborhood for the exterior to make the home more appealing to a wide variety of buyers. If the house is yours for good, paint any color you want, just make sure to use long-lasting sealed exterior paint on the outside and an easy to clean gloss as your final indoor coat.

2) Spruce Up the Garden

Want your home to look and feel better from the outside in? Try putting a little work into the garden. If you have flower beds, tidy them up, add a new layer of soil or mulch, and re-line them with something attractive like painted rocks or a little bamboo fence. Trellises for climbing vines and roses also make lovely decoration even before planting and a few planters or hanging flower pots can add charm even to a small garden. To finish the new welcoming environment, consider a swing bench or hammock.

3) Shiny New Fixtures

You don’t need full renovations to make your home look shiny and new. Often, all it takes is replacing a few things that appear (and probably are) outdated and worn down. While walls are timeless, your water and light fixtures are not. If your lamps hearken back to the home’s construction in the 70s, for instance, you can seriously change the impression of your home with new modern fixtures. Vent covers are sometimes never updated, but new decorative vents can be used to add beauty instead of detracting from it. Faucets, handles, and even drawer knobs can be quickly and easily replaced with shiny matching items that will make your entire kitchen and bathrooms look updated without replacing a single tile.

4) Handy Home Appliances

While a home with power and hot and cold running water is a wonderful thing to have, it’s the appliances that make modern living truly luxurious. If the home you’re selling hasn’t been getting many bites or the one you live in feels like a hassle, consider the value of a new washer and dryer set, dishwasher, or range stove and oven. The nicer these things are, the more enjoyable your home will become. For sellers especially, the cost of a few appliances will update the apparent luxury of your home, make it more move-in-ready for buyers, and the cost can easily be recouped by the profit from a successful sale.

5) Update the Drapes

After paint, nothing makes a house look shabby or dated more than the window treatments. Unattractive old curtains are the worst, followed closely by dingy white mini-blinds that seem to be the standard. Consider a few modern shades or drapes for your windows based on the room and style of the home to not only update your look but also make the house more pleasant to move around in during the early morning and late afternoon and more cozy at night when the windows will be dark.

Home improvement doesn’t have to mean strangers in your house ripping out and reinstalling walls, counters, and plumbing. If there’s nothing wrong with your house but the appearance, you can make drastic improvements with a few modest DIY projects that won’t break the bank, leave a mess, or include any surprise fees.

What to Ask When Buying a Home so You Don’t Go Underwater on a Mortgage

Even though lending practices and attitudes shifted dramatically after the housing crash, there are lessons home buyers learned from people who lost their Boulder, CO, homes to foreclosure. While not everyone who is underwater on a mortgage ends up in foreclosure, there is a high correlation. When it comes to what to ask when buying a Boulder home so you don’t go underwater, it starts with a realistic home buying budget. Also, make sure your real estate agent shows you homes appreciating in value. Someone who is “underwater” simply owes more money on their mortgage than their home is worth. Although you can’t control the value of your home or the housing market overall, it is possible to come out ahead when you know how to prevent your mortgage from going underwater. Taking out a mortgage is a financially prudent step for creating wealth. According to a recent article by slate.com, home ownership is at its lowest level in 5 decades. But it’s the wealthier taking out mortgages, while poor people take out more car loans. The National Mortgage Professionals report there are 1.2 million fewer underwater mortgages compared to last year. How do you avoid negative equity if the housing market suddenly takes a turn in the opposite direction?

Putting down 20 percent

If you put 20 percent down on your home purchase, you automatically avoid a PMI or private mortgage insurance payment. In addition, you reduce the odds of negative equity. Your home would have to go down 20 percent in value fairly rapidly in order for you to under up underwater. The 20 percent down payment gives you instant equity in your home.

Investigating the Boulder real estate market

Some people assume their home will go up in value during a booming housing market. But just because homes appreciate in the double digits in towns such as Boulder and Louisville doesn’t mean they will rapidly appreciate in your neighborhood. Research the real estate trends in the Boulder area where you want to buy. Although the past does not always predict the future, you can often see certain patterns. Talk to your real estate agent about home appreciation.

Avoiding less traditional loans

Some of the less traditional loans that often put a financial burden on home buyers include the interest-only, adjustable rate mortgages. According to a New York Times piece, interest-only loans often backfire. Some people call them “exotic mortgages.” If you absolutely know your home will appreciate in value or you will have more money in the near future, an interest-only loan is not a huge risk. For many people, it’s about putting off payments on the principal with a buy now, pay later” philosophy. Financial experts point out many people who are upside-down on a mortgage have interest-only mortgages. People who have interest-only loans are often wise to refinance to fixed mortgages. Experts suggest paying extra money to pay down the principal on interest-only loans before they reset.

According to a recent piece by quickenloans.com, Fannie Mae recently changed its guidelines for the debt-to-income ratio related to home qualification. Fannie Mae now accepts people with a debt-to-income ratio of 50 percent rather than 45 percent. Many people now qualify for mortgages even if they carry student loan debt. Experts point out it’s better to use the more lenient lending policies to qualify for a home within budget as opposed to buying a home slightly out of reach. By feeling comfortable with monthly mortgage payments, you are more likely to stay on top of your home ownership and financial goals.

Most people desperately avoid underwater mortgages because it limits their freedom and flexibility to move without having to bring money to the closing table. If possible, do what you can to prevent negative equity. Home ownership is a great financial milestone, but requires financial planning and the help of an excellent real estate agent. At Laura Guerra Real Estate, we help home buyers find the right home for their budget. For more tips, contact us.

Juggle Buying Real Estate in Boulder County before Selling Current Home

With the right contingency plan, it is easier to time a tricky house purchase in Boulder County. Buying real estate in Boulder County before selling a current house often intimidates home owners who can’t afford to juggle two mortgages. Lenders have programs and products in place specifically geared for the borrower in a temporary financial predicament such as bridge loans. According to an article by the Washington Post, most people can’t afford to own two homes at the same time. Even people who flip homes for a profit worry about the carrying costs of the investment home such as home owner association fees, utilities, mortgage, taxes and property insurance costs. If you find your dream home before selling your current home, consider a few tips for making the juggling act work for you.

Creating a contingency plan

Ideally, a buyer tries to time the closing dates on a home purchase and sale. Oftentimes, real estate agents help you avoid problems by putting a home sale contingency in the offer to buy a new home. The purchase of the new home is subject to you landing a buyer for the current home. Of course, in a seller’s market, not every seller is willing to take an offer that includes a contingency. Motivated sellers in particular aren’t as willing to wait. At the same time, sellers who have confidence in the fast-paced seller’s market and good real estate agent in Boulder County could go or a contingency. A contingency typically stipulates that the buyer has to materialize within one more two months or the contract to buy the new home is void.

Keeping your earnest money

In order to keep your earnest money, it is important to follow the dates outlined in the contingency plan. Your Realtor helps you provide timely notices such as notifying the other party that you have a buyer or notifying the seller that you have not landed a buyer.

If you are able to move out of your former home into a new house before selling the old home, consider staging advice. Most home stagers recommend leaving some clothing in the closets as well as décor items. A completely barren home often feels depressive to a potential buyer. Also, if a buyer knows you already bought your next home, they might sniff desperation and give a low ball offer. At Laura Guerra Real Estate, we help home buyers who also have a home to sell. For more tips, contact us today.

20 Questions to Ask When Buying Your First Home

Buying your first home is among the most consequential decisions you’ll ever make—it’s also among the most emotional.  For most people, it means security for you and your family, a greater degree of control over the place you live, happy holidays spent with family and friends, and the feeling you’ve moved up in the world—said differently, it means you’ve realized the American dream.

Unfortunately, those same emotions can lead to costly mistakes.  It’s important as you view homes to know exactly what you’re getting into, and that means thinking long-term.  Can you really afford your new home?  Will its value increase or decrease over time?  What changes will occur in your new neighborhood in five years, or ten?

To ensure that you’ve covered all the bases, and that there are no unpleasant surprises down the road, you need to create a checklist and stick to it with each house you view.  Here are 20 questions that should be on your checklist:

Creating Your Checklist

1.  What are your “wants” and “needs”?  as you prepare your checklist, it’s important to distinguish between those things you’d like to have and those things which are essential.  For example, you might want cathedral ceilings but know you could be happy without them.  On the other hand, if you’re planning to have more children, you’ll need enough bedrooms to accommodate them.  By separating what’s essential and what isn’t, you can more easily decide if a given home should stay in the running or be checked off your list.

Affordability

2.  What will all your expenses be? Many people focus only on their monthly payments for principal, interest, taxes and insurance.  Before you decide you can afford your new home, be sure to add in monthly utilities, including electric, gas, and home heating oil (whichever applies).   How much will you pay for cable or satellite TV, internet and phone service?  Will you have a longer commute to work and, if so, how much more will you pay for gas?

3.  Will you be able to resell your home, and for how much? How long do you expect to live in your new home?  If you’re in a career which forces you to move every five years, find out what the likely resale value will be at that time.  If you don’t have children and therefore aren’t concerned that local schools are of poor quality, you probably won’t be able to resell to anyone with young children.

4.  Are there available grants or programs to bring down your cost? There are several grants available to first-time home buyers.  Most have specific criteria for eligibility, such as those related to credit score, income and profession.  For example, if you have a credit score of 580 or higher, you might qualify for an FHA loan, which will give you a relatively low interest rate and down payment.  If you’re a law enforcement officer, firefighter, EMT or teacher, and you plan to live in a “revitalization” area, you could get 50% off the listed price of your new home under the Good Neighbor Next-Door program.

5.  What’s in the contract? The contract you sign at closing includes many items, some of which you might not understand.  First, read the contract thoroughly.  If there’s anything you don’t understand, ask the mortgage broker or your real estate agent.  Don’t sign until you’re sure you understand everything to your satisfaction.

Neighborhood and Surroundings

6.  Will you be required to join a Homeowner’s Association (HOA)? Some of the homes you view might be part of an HOA.  HOAs have specific rules that are included in a contract you sign.  Be sure to read that contract carefully. It usually means you’ll be required to pay a monthly fee, for example, and you need to know how much that is.  It could also stipulate that homeowners can’t rent out their houses.  Be sure you know everything that’s in the HOA contract before you buy.

7.  Who will your neighbors be? If you have young children, you might not be happy if most or all your neighbors are single or retired.  If many of your neighbors are renting, it could mean that they’ll change frequently, or that they won’t maintain their properties, which could lower the value of your home.

8.  Are many neighbors moving out? If you see a rash of “for sale” signs on your new street, there’s probably a reason, one which you need to find out.  You don’t want to move into a neighborhood where home burglaries or vandalism are commonplace, or where the local economy is suffering, creating many foreclosures.

9.  How important is the view and open space? If one of the reasons you’re planning to buy is a beautiful view or open fields where your children can play, make sure that view and those fields will be there over the long haul.  If there are plans to develop that land, perhaps to build more homes, you need to know that.

Condition of the Home

10.  Is the house “staged”? Understandably, home sellers want to get as much as possible for their homes.  That means they sometimes “stage” the condition of the home, perhaps hiding poorly-maintained hardwood floors under area rugs or hanging paintings over holes in the wall.  Take the time to make sure you know about these sorts of defects before you buy.

11.  Does the basement flood? A basement that floods after every heavy rain can damage anything that’s down there, from the furnace to keepsakes to the home’s foundation.  Check the grading of the yard—if it slopes down towards the house, it could mean that flooding is common.  You should also check out the condition of the foundation, looking for any cracks, and the basement, looking for any signs of flooding.

12.  Are there brown spots on the ceiling? Brown spots on the ceiling usually means that there are leaks.  If it’s on a lower floor, it could mean the pipes are leaking; if its upstairs, it probably means the roof leaks.

13.  Are there bad smells in or outside the house? If you smell foul odors, there’s a reason.  Bad smells inside could mean there are problems with the plumbing or with family pets urinating or defecating on floors.  If it’s outside, there might be a septic problem or a local factory that produces those odors.

14.  Is the wiring up to standard? You won’t know if a house has wiring or electrical problems unless you check it out.  Make sure all the outlets and switches are working properly.  If they’re not, tell the seller that you want the problem fixed (at their cost) before you buy.

15.  Are there termites or other pests? Insects like termites and carpenter bees can cause substantial damage to your home’s infrastructure.  As you tour the home, look for any signs of these pests, as well as for the damage they cause.  Look in storage areas for cans of pesticide.

16.  Does the well tend to go dry? If the house gets its water from a well, you need to know whether it dries up during local droughts.  Be sure to use the faucets to check water pressure and to ask if well water is a problem.  You also need to be sure that the well water is safe to drink.

17.  How old is the roof? Every roof has a lifespan and eventually needs to be replaced.  If it’s a shingled roof, you can expect it to last about 25 years; if it’s slate and tile roof, it will last longer, usually as much as 50 years.  Find out how old the roof is, and whether it’s been repaired or patched recently.  Replacing your new home’s roof will cost you many thousands of dollars.

18.  What’s the condition of the driveway? Check out the condition of the driveway, looking for cracks and holes.  If you need to replace a concrete driveway, it will cost on average from $3,500 to $7,000, according to Angie’s List, but the price goes up the longer the driveway is.

19.  What’s the condition of the furnace? The average furnace will last 16 to 20 years. Find out the age of the furnace in your new home.  If it’s older than 15 years, odds are you’ll need to replace it before long, and that will cost you about $5,000.

20.  Have any walls been recently removed? People often remove walls, perhaps to turn 2 small bedrooms into one large, master bedroom, or to create an open floor plan.  This, in itself, is not necessarily a problem—unless the homeowner did the work himself.  He could have inadvertently removed a load-bearing wall, which would shift weight to other walls and cause damage in the future.

Conclusion

Buying your first home can be an exciting experience, but you shouldn’t let your emotions dampen your objectivity.  Make sure you do your homework, finding out if you can afford your new home, that the neighborhood is stable and thriving, and that the home you see during your tour doesn’t have any hidden problems that will mean costly repairs in the future.  After all, you don’t want the happy emotions you feel on move-in day to turn to feelings of regret in five years or ten.

 

If you’re looking for assistance with buying a hold of putting together a plan, send me an email and I’ll be glad to help!

Home Improvements to Boost Appraised Value and Attract Buyers

Some home improvements boost the appraised value, while others attract buyers. In many instances, the upgrades you make to your Boulder County home could meet both goals. When it comes to appraised value, focus on home improvements that increase the square footage or number of bedrooms. Appraisers are more likely to notice the hidden improvements such as new A/C system, new roof and windows. Even with a high appraised value, it’s difficult to sell your Boulder home without the cosmetic home improvements that matter to the average home buyer. Potential Boulder County buyers gravitate to homes with upgraded flooring, countertops, attractive interior paint and well-organized, tastefully decorated homes. According to a recent article by bankrate.com that cited the Remodeling 2017 Cost vs. Value Report, there are several key home remodeling projects to consider.

Family room addition

Experts estimate it costs about $89,000 to add a 16-by-25 foot family room addition with vinyl siding, windows, skylight and shingle roof. When selling, you recoup 69 percent of the cost. If you own a small home, adding extra square footage could increase the resale value more.

A finished basement

The Remodeling report showed a basement remodel cost about $70,000 with 70 percent of the investment recouped. Some ideas for a finished basement include an entertainment area with bar, sink and refrigerator.

A two-story addition

The cost of a two-story addition or 16 by 24 foot wing is about $175,000 with a resale value of $125,000. A more complicated project that typically requires help from a general contractor, the home improvement project helps home owners that want to add a full bathroom, bedroom and family room.

Other smart home improvements include a $20,000 kitchen remodel with refaced cabinets, new counters and appliances. A home seller could recoup 80 percent of the money spent on a minor kitchen remodel. A steel entry door replacement costs about $1,400 with a resale value of about $1,200. Adding fiberglass attic insulation costs about $1,300 but provides a 108 percent return on investment with a resale value of $1,446.

 

At Laura Guerra Real Estate, we work with buyers and sellers in Boulder County. For more home improvement advice to boost the value of your home in Louisville, Boulder, Longmont, Nederland, Lafayette and nearby areas, please contact us.

 

5 Hot Listings in Boulder for Under $1M (September 2017)

It’s hard to find a great home in Boulder for less than $1 million these days. Here are our picks of the hottest properties in that range.

If you would like to see any of these beauties, contact me today to arrange a viewing. They are going quickly in this hot market! Call 720 325 8277 or email laura@happyboulderhomes.com today.

 

5919 Wellington Road, Boulder, CO 80301

A nice and bright home in Gunbarrel at $222/sqft.

More info here.

 

5290 Pennsylvania Avenue, Boulder, CO 80303

Convenient location near Foothills Parkway, this is an amazing open concept home that’s perfect for entertaining. $315/sqft

More info here.

 

4725 McKinley Dr, Boulder, CO 80303

A nicely updated home with a treehouse! Listed at $304/sqft.

More info here.

 

7408 Augusta Drive, Boulder, CO 80301

Your best deal per square foot, this large house in East Boulder has 4 bedrooms and is priced at $195/sqft.

More info here.

 

2008 Columbine Ave, Boulder, CO 80302

Stylish and well-located with a lush garden. Listed at $572/sqft.

More info here.

 

How to Make Money Flipping Real Estate in Boulder County

Flipping real estate in Boulder County is often profitable. By enlisting the help of a real estate agent who can find you a good deal and later list your renovated investment property, you come out ahead. According to a piece by realtor.com, a profitable home flip hinges on the right property at the right time. Because of the potential for huge profits, investors often compete for fix-and-flip homes in Boulder County. As an everyday real estate investor, rely on real estate professionals to steer you toward ideal homes and recommend the ideal upgrades.

Homes sell fast in the area

One great sign that you found a great home to flip is when it’s in a community where homes sell in less than 90 days. Every month your home stays on the market, you pay more in carrying costs such as utilities. On the other hand, you pay more in capital gains if you own a home for less than one year. If you want to pay less in capital gains taxes, consider taking a full year to renovate. After the one year, it’s important to sell quickly with a good real estate agent who recommends staging.

The numbers look good

In order to make a flip worth your whiles, investment experts suggest following the 70 percent rule. The rule means you buy a home for 70 percent of what it is worth once renovated. Even after making repairs and paying closing costs, you should walk away with a 10 to 30 percent return.

Several bedrooms and bathrooms

Most home buyers in Boulder County do not want a home with only one bedroom or bathroom. To make a flip profitable, look for homes with ideally 3 or 4 bedrooms and at least two bathrooms.

Other signs of a good flip include homes in need of cosmetic repairs but with no structural problems. Avoid homes that require new A/C systems, roofs, plumbing and other major repairs. Also, experts warn against buying into an area in which the entire neighborhood itself needs flipping. Check for good schools, low crime and plenty of hiking trails, whole food stores and coffee shops. At Laura Guerra Real Estate, we steer new real estate investors in the best direction. Talk to us about possible fixer-upper homes in Boulder County that are ideal for a fix-and-flip project. For more tips on buying real estate in Boulder County, contact us.

Should You Rent or Buy a Home?

Many people dream of owning their own home. Indeed, it’s wonderful to have a place that’s truly yours, where you can keep your pets, raise your family, and knock down a wall or two if you want to.

However, there are benefits–and drawbacks–to both renting and buying. Here’s what you need to consider before you make your choice:

How long will you be in the home?

In general, the longer you plan to stay in a home, the more sense it makes to buy. If you’re working at a short-term job, or have your sights set on moving in a year or two anyway, it might be better to rent for now.

What value do you place on stability, flexibility, and privacy?

If you value stability, buying a house is great: you can settle in and make upgrades, and there is no risk of a landlord selling the house and putting you out of a home. If your job is unpredictable or you prefer to move around, renting is ideal. If privacy is important to you, owning your own home means never having another visit from a landlord.

Are you prepared for the costs?

This is possibly the biggest factor in considering whether to rent or buy. You don’t want to turn your entire savings into a down payment.

You might be able to get into a mortgage with a monthly payment that is lower than typical rent. However, there are some big move-in costs you need to be ready for; when buying a home, the down payment is only the beginning. You’ve got closing costs to consider, and from there on out, any necessary repairs will be yours to deal with–and pay for. You’ll also have property taxes and homeowner’s insurance, which is generally quite a bit more expensive than renter’s insurance.

However, when you buy, you’re building equity, and some of your expenses will be tax deductible. Meanwhile, as a renter, you’re subject to yearly rises in rent and even a landlord’s decision to stop renting to you.

The choice is personal. Some people are very happy with renting and prefer to let a landlord deal with maintenance, repairs, and taxes. Others own homes and wouldn’t dream of renting again. If you’re looking to settle in to a neighborhood for several years and can comfortably afford a down payment, it might be time to start looking for your very own home.

Low Inventory Dilemma: What to Ask when Buying a Home in Boulder

Real estate professionals in Boulder County, Colorado help first-time homebuyers break into the entry-level housing market even with the shortage of entry-level homes. As far as what to ask when buying a home in a low inventory environment, start with your timeline as well as priorities. Throughout most of Colorado and the country, it’s difficult to find a home in the entry-level segment. According to a recent article by CNBC’s Realty Check, the supply of houses throughout the country fell 9 percent compared to a year ago. For sellers, the good news is it only took an average of 29 days to sell a home. In fact, the number of days to sell reached the lowest since 2011 when the National Association of Realtors started tracking the data.

Should I come up with a huge down payment?

Since there is a huge demand for homes priced less than $250,000, one solution is to ramp of savings to afford a more expensive starter home. In order to qualify for a more expensive home, boost your earned or taxable income, reduce debt and build up a larger savings. For some buyers, it means asking friends or relatives for financial gifts, tapping the contributions to a Roth IRA but not touching the earnings or selling an expensive car or personal items. Research showed sales of homes priced at less than $250,000 fell more than 6 percent, while homes priced less than $100,000 fell 17 percent. In Boulder County, the entry-level home prices are significantly higher than the national average, but home buyers still strive for deals.

Can my agent find me several backup choices?

An experienced Boulder County real estate agent knows about homes going on the market before the listings hit the Internet. By working with a good agent, it’s easier to compete as more sellers receive multiple offers on homes. Also, talk to your agent about several back-up choices in case you don’t win a bid. Consider homes that require some repairs. First-time home buyers often prefer move-in ready homes, but it’s not always a realistic expectation. The key is to communicate top priorities and needs with your agent to save time.

 

At Laura Guerra Real Estate, we answer any questions you have about buying or selling a home in a tight inventory environment. For more information on buying a home when inventory is low, please contact us.

How to be a Great Airbnb Host in Boulder

Airbnb Basics in Boulder

Whether you want to market your home as a potential Airbnb or rental home or are looking to buy a suitable rental in Boulder for your bed-and-breakfast, consider a few key factors.

1. You must live in it: it must be the owner’s principal residence which means that you should live in it for more than half of the year.

2. You need a license: I have heard of plenty stories about people who get fined because they fail to get the appropriate short-term rental license on time. Here is a link to the city’s website for more info.

According to an article by dailycamera.com, Airbnb use soared in the Boulder County area with a payout for hosts of about $14 million. Many ordinary people realize it’s a good time to invest in Boulder real estate. Experts point out bookings increased by 90 percent in the last year for stays in Longmont, Lafayette, Erie, Nederland, Louisville and Superior. Boulder is the second most active city for Airbnb in Colorado. When buying a home to turn into an Airbnb, look for ones that include private entrances, in-law suites or the “home within a home” concept. Talk to a contractor about key home improvements and renovations to make the home more appealing to guests.

Adding extra storage

When you run an Airbnb, you often need extra storage space that guests can’t access. One home improvement to make is an organizational closet system, garage storage or a bedroom conversion. Hosts often store bathroom tissue, snacks, towels, refreshments, shampoo and other items. When house hunting in the Boulder County area, work with a real estate agent who can show you homes with several bedrooms and a split floor plan. Plan to keep at least one bedroom locked off for storage.

Making the kitchen pop

Most guests appreciate a well-appointed kitchen. Making home improvements to the kitchen appeals to guests staying for a week or longer. In addition to a kitchen island for guests to gather around, consider updating the lighting fixtures, flooring and paint.

Providing outdoor living space

Another key home improvement to help with an Airbnb business includes landscaping, outdoor patio and improved curb appeal. When listing an Airbnb, it’s just as important to have good photographs as it is for people selling a home.

When filing taxes, most Airbnb hosts use a Schedule C to list business expenses. If you decide to use your investment property as a traditional rental instead, use a Schedule E. Talk to a tax accountant for specific advice, but keep good record of home improvement expenses. At Laura Guerra Real Estate, we help real estate investors find rental homes. For more tips on how to find ideal homes in Boulder County for your bed and breakfast dreams, please contact us.