Grand Valley Real Estate Today February 2022

REAL ESTATE TODAY GRAND VALLEY

FEBRUARY 2022 | VOL 19 ISSUE 2

Colorado Cellars Winery in Palisade Presented by Jake and Gary Hubbell

United Country Colorado Brokers — 970.872.3322 See page 5 for more details

YOUR GRAND VALLEY PROPERTY SOURCE

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FOR MORE INFORMATION CALL REBEKAH AT 970.210.8747

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Real Estate Today | February 2022 | www.coloradorealestatetoday.com

970-314-3920 Broker/Owner

11011 Highway 65 | Mesa, Colorado 81643

names@nathalieames.com T AC

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55945 OE Road | Collbran | $2,200,000 •Old World Charm on 151 Acres •3 Separate Parcels and Great Water Rights •2 Bedroom 1 Bath Home and Many Out Buildings, •1/2 Mile Air Strip, Pond and fenced Pastures

TBD 51 Road | Mesa | $750,000 •274 Pristine Acres •Surrounded by BLM Land •Perfect for a Private Retreat •Stunning Views and Abundant Wildlife

3245 E Road | Clifton | $799,000 •12 Acres Zoned RMF-8 •2 bedroom, 1 bath Home •21 shares Grand Valley Irrigation •Development Opportunity

1510 45 1/2 Road | Mesa | $349,900 •2 Bedroom, 2 Bath, 1100sqft home •Located on 44 Acres •Connects to BLM Land •Abundant Wildlife G

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10914 Mesa St | Mesa | $299,900 •Freshly Painted 3 Bedroom, 1 1/2 Bath Home •2 Car Garage and a RV Carport •Fenced Yard Perfect for Pets •Close to Many Amenities

TBD 5th Street | De Beque | $69,000 •.73 Acre Building Lot in DeBeque •Easy Access to I-70 •Utilities brought to the Lot line •Build your Dream Home!

Real Estate Today | February 2022 | www.coloradorealestatetoday.com

Each office is independently owned and operated.

Subject to errors, omissions, price change, prior sales and withdrawal without notice. Dimensions approximate.

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FEBRUARY 2022 VOL 19 ISSUE 2

ADVERTISER INDEX Pick up your copy today or read the digital version online at:

FEATURE ARTICLES:

Pros and Cons to Open-concept Homes...............................................................6 Real Estate Financing Options ................8

GRAND JUNCTION AREA:

Bray & Co. Real Estate — Amanda Hill .......................................................... 4 Bobby Boe ..............................................................9 Dan Savoca ........................................................... 4 Kiel Roling ..............................................................9 Maureen Wixom .................................................9 Merrite Wyatt ....................................................... 9 Next Home Grand — Nathalie Ames ......................................................3 RE/MAX 4000 — Rebekah Scarrow .............................................. 2 Sandstone Realty, Bonnie Walker ..................6 United Country Colorado Brokers Gary Hubbell, Jake Hubbell ...................... 1, 5

COLLBRAN/MESA AREA:

Next Home Grand — Nathalie Ames ......................................................3 United Country Real Colorado Properties Julie Piland .............................................................7

www.ColoradoRealEstateToday.com FALL/W INTER 2021

To find out more about advertising OR to REQUEST A COPY OF THE MAGAZINE email:

ads.realestatetoday@gmail.com Call 970.527.7400

TE REAL ESTA TODAY GRAND VALLEY

VOL 19 ISSUE 2 FEBRUARY 2022 |

ord Views

Stunning Crawf Kitchen/Flooring essful Succ -9272 30 YearChapma n Real Estate – 970-216 Business PROPER TIES Presented by Katie Schmalz

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The Fall/Winter Farm & Ranch issue is available on stands and online!

Pick up a copy or read it on our website.

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Winer ColoradoandCellars Gary Hubbell Presented by Jake

United Country Colorado See page 5 for more

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ON THE COVER: United Country Colorado Brokers

Gary Hubbell 970.872.3322 Jake Hubbell 970.250.9396

PROPER TY SOURCE YOUR GRAND VALLEY

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YOUR GRAND VALLEY PROPERTY SOURCE 2022 Advertising Rates Full Page - $350 • Half Page - $210 • Quarter Page - $140 • Cover + Full Page - $575

Real Estate Today is not responsible for typographical or production errors or the accuracy of information provided by advertisers. ©2022 Columbine Publishing & Media, LLC. No part of this publication may be re-produced or transmitted by any means without written permission from the publisher. The Publisher re-serves the right to reject advertising which may be objectionable by law or considered undesireable by the Publisher. Real estate advertising in this magazine is subject to the Federal Fair Housing Act of 1968 which makes it illegal to advertise “any preference, limitations, or discrimination based on race, color, religion, sex, familial status or national origin, or intention to make any such preferences, limitations or discrimination.” We will not knowingly accept any advertisement for real estate which is in violation of the law. All dwellings advertised in this magazine are available on an equal opportunity basis.

Buy With a Friend!

3770 Blair Road | $699,900

26860 S Twin Lake Drive | Grand Mesa Whitewater | 3 BR, 2BA | 1906 sf | 46 Acres | Second Cottage

Homesteader’s paradise with 20 acres in pasture, irrigation, and touches BLM. Remodeled home plus separate cottage. Lots of outbuildings!

The

Whether You’re Buying or Selling...

Amanda Hill Team Gets the Job Done!

Amanda Hill

970-250-0083 amanda@brayandco.com

SERVING WESTERN COLORADO SINCE 1946

970.242.3647 | 1015 North 7th Street | Grand Junction, Colorado | brayandcosearch.com

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Real Estate Today | February 2022 | www.coloradorealestatetoday.com

This mountain get-away would make a perfect, shared investment between 2 or 3 owners to enjoy while dividing cost of ownership!

This newly-built Grand Mesa cabin boasts 1784 sf with a wide-open concept upstairs featuring a fabulous kitchen with gathering areas on either side. Hickory cabinets, knotty pine interior doors, and blue pine tongue and groove ceilings showcase the quality of the construction of this cabin. Furnishings included. Schedule a private tour today!

Dan Savoca

970-270-5070 dan@brayandco.com

SERVING WESTERN COLORADO SINCE 1946

970.242.3647 | 1015 North 7th Street | Grand Junction, Colorado | brayandcosearch.com

3553 E Road

Cover Property

Palisade, CO 81526

COLORADO’S OLDEST WORKING WINERY! | 6.03 Acres | 7,508 sf Winery | Offered at $3,500,000 • Tasting room, retail space, wine cellar • 12,000 cases/year production • No residence • MLS #789802

• 30 award-winning wine varieties, including champagne • Outstanding financials • Wedding event center, gathering place • Plenty of parking

GOT WINERIES? With six wineries in three years, we are Colorado’s vineyard & winery experts! We sell ranches, farms, land, RV parks, orchards & vineyards, commercial properties, and rural businesses. Buying or selling, call us for a consultation.

Gary Hubbell, ALC

Jake Hubbell

Broker/Owner/Auctioneer Accredited Land Consultant

Broker Associate Auctioneer / FAA Drone Pilot

970-872-3322

970-250-9396

grandviewranch@gmail.com www.uccoloradobrokers.com

jakedhubbell@gmail.com

230 E. Bridge Street, Ste. A, Hotchkiss, Colorado 81419

www.rockymountainranchbroker.com

Real Estate Today | February 2022 | www.coloradorealestatetoday.com

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Pros and Cons to Open-concept Homes Open-concept homes have become increasingly popular in recent years. An open-concept home is one in which the rooms flow into one another with limited obstruction from walls or other barriers. According to the National Association of Home Builders, 84 percent of new single-family homes have fully or partially open layouts.

While they may seem like a new trend, open floor plans are anything but. Early American homes featured open, often oneor two-room units built around the central kitchen/hearth.

This maximized warmth and functionality.

Homes evolved as incomes grew, and soon homes had several smaller rooms with specialized functions.

What’s old has become new again.

However, before diving head first into a new home purchase or a big renovation to realize an open-concept dream, consider the pros and cons of this type of setup to determine if it’s really right for you.

Advantages of Open Floor Plans Open floor plans facilitate the flow of natural light throughout a space and can promote air flow, helping to reduce warm or cool pockets of air in otherwise closed-off rooms.

Open homes make socializing easier, even when people are doing different things. While someone is cooking dinner in the kitchen, he or she can still interact with someone else playing video games in the family room or paying bills in the home office.

Entertaining also is easier, as mingling with guests is much more convenient when walls are not getting in the way.

A smaller home can feel much larger if it employs an open concept. The square footage is not divided into smaller quarters,

which sometimes are rooms (such as formal dining rooms) that are only used a few times per year. This eliminates underused spaces and opens up sight lines in the layout.

The value of real estate has risen dramatically since the onset of the COVID-19 pandemic, and prospective buyers may prefer an open-concept plan because it can help them minimize building costs.

Disadvantages of Open Floor Plans Open layouts are not for everyone. The same sense of space that occurs when walls are taken down may make rooms feel cavernous and less cozy, particularly in homes with ample square footage. In addition, privacy can be hard to come by when all rooms feed into one another.

When the kitchen is not separate from the family room space, that makes it easy for noise to compromise the area’s comfort levels. There is no hiding from noise in an open floor plan, as sounds from voices, television shows and appliances tend to echo and blend together. And if the home is a single-story layout, those noises from the main living areas also may carry to adjacent bedrooms.

Smoke and smells are another thing to consider. When something on the stove spills over, a small range hood will not be practical for clearing smoke from a large space. Though the aroma of freshly cooked food is enticing, it can make it hard for cooks to keep guests out of the kitchen.

Open-concept homes are popular, but homeowners should weigh the pluses and minuses to see if this trend is truly right for them.

Sandstone Realty, LLC

Bonnie Walker, Broker/Owner

GRI

(970) 201-4050 bewalker74@gmail.com

710 Curecanti Circle 25 Acre lot in Prestigious River Terrace Subdivision, covenant controlled.

Minimum square footage of 2,500, requires an engineered septic system.

Irrigation is a pressurized system with each lot being able to irrigate up to .50 acre for around home, remainder of land is natural. Priced at $875,000.

L#20210301. Call Bonnie E. Walker, Broker/Owner Sandstone Realty, LLC See virtual tour at: https://youtu.be/w1KPvM50eZ8

VILLAGE AT COUNTRY CREEK - THE PREMIER 55+ COMMUNITY * New Ranch Style Patio Townhomes * 7 Well Designed Floor Plans * Customer Selects Interior Finishes * Phase 6 Underway With 12 remaining to build (Prices are to be Determined After Framing) Call for Availability.

View Website www.villageatcountrycreek.com *Call for availability and completion times See virtual tour of club house at: https://www.youtube.com/watch?v=9EC2u5n151c 6

Real Estate Today | February 2022 | www.coloradorealestatetoday.com

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14397 59.5 Road Collbran, CO

$599,900 15+ Acres with Irrigation Hay Production Guest House Shop

11073 54 7/10 Road • Molina, CO • $2,495,000 Custom Built with ICF Construction, 3048 sq ft 3 bd, 3 bath Home 345+ Acre Mountain Ranch with Irrigation, Spring, Side Roll, Pivots, Hay/grass Crop and Pasture Grazing Permit, Borders Public Land, Ponds on Property

D!

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TBD Mesa, CO

$124,500 39+ acres Borders public land Vega Canal runs through south side

Extremely private and remote

528 Oakbrush Circle Mesa, CO

213 County Rd 259 A Silt, CO

$360,000 Income producing 4 plex All units rented Great location and rental history Turnkey operation

$525,000

$440,000

Irrigation and Home 40x60 Shop Minerals Negotiable Outbuildings

4960 sq ft Commercial Shop Corner lot Completely Updated & Remodeled Office Space and 5 ton Crane Hoist

D!

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TBD 57 1/2 Road Collbran, CO

10600 Foxcross Lane Mesa, CO

15757 57 1/2 Road Collbran, CO

L SO

10377 Hwy 65 Mesa, CO

9321 54 Road Mesa, CO

$65,000

$86,000

$499,000

$745,000

Commercial Building Lot Corner Lot Busy Location

.23 acre Building Lot

10 acres with Irrigation Home with outbuildings Mesa Creek runs through

20+ acres with Irrigation Beautiful updated home Amazing views and privacy Barn and Corrals

9.5 acres of planned community living

Walking paths to creek

Community garden, RV parking, etc.

Home is a fixer but lots of potential

Real Estate Today | February 2022 | www.coloradorealestatetoday.com

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Real Estate Financing Options The decision to buy a home is significant. Real estate is the biggest investment the average person will make in his or her lifetime, which underscores just how significant the home buying decision can be.

The real estate experts at Zillow recently reported that the national median price of a home in the United States is $272,446. However, since the National Association of Realtors reported a record low housing inventory late in 2020, the average house price has been rising rapidly nationwide.

The Federal Reserve Bank of St. Louis estimates the median home sales price at $374,900, and certain states have much higher prices. WOWA, a real estate and finance technology company, says the average sale price of a home in Canada was $679,051 in July 2021.

Most people do not have $300,000 to $600,000 in savings on hand to purchase a home in cash. That means they’ll need to rely on financing to pay for their dream homes.

Conventional Lending Conventional lending refers to when a bank or another financial institution loans a home buyer money to buy a home. This is one of the most common ways to fund a home purchase. Personal credit score as well as credit history help determine eligibility and interest rates for conventional loans. Availability of assets as well as income level are some additional determining factors. Conventional loans are traditionally 10-, 15- or 30-year notes and will require a certain percentage as the down payment to secure the loan. The bank will determine the down payment requirement, which is typically somewhere between 3 and 20 percent.

FHA Loan A Federal Housing Administration loan is issued by an FHA-approved lender. These loans are designed for lowto-moderate-income borrowers, according to the financial guide Investopedia. FHA loans require lower minimum down payments and lower credit scores than many conventional

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Real Estate Today | February 2022 | www.coloradorealestatetoday.com

loans. FHA loans also require mortage insurance up front, plus annually for 11 years or the life of the loan depending on the length of the loan.

HELOC A Home Equity Line of Credit, commonly called a HELOC loan, borrows against the available equity in your home to create a line of credit, much like a credit card. These funds can be used for large expenses or to consolidate higher-interest rate debt on other loans, according to Bank of America. It may be possible to use a HELOC to secure funding to make improvements to a home for those who want to flip it as an investment property.

Private Money Lenders Individuals investing in real estate who do not intend to use a property as a primary residence may turn to private money lenders. These investors can tap into capital from personal connections and lend at specified interest rates and payback periods, according to Fortune Builders, a real estate investing resource. Keep in mind the interest rate will likely be higher with a private lender than through a conventional lender. The repayment term also will be shorter.

VA-backed Loan The U.S. Department of Veterans Affairs has a program for acquiring loans through conventional lenders that will be partially guaranteed against loss through the VA. This enables a lender to give better loan terms, such as the option to pay no down payment. Interested parties need to qualify for a Certificate of Eligibility and then work with qualified lenders.

People have several options to finance the purchase of a home. These loans can help make the dream of home ownership a reality. Potential buyers are urged to speak with mortgage professionals or financial planners to consider their options.

YOUR YOUR

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Coming up in the May 2022 Issue of Real Estate Today...

WESTERN COLORADO & ROCKY MOUNTAIN

SPRING/SUMMER 2022 EDITION FARM • RANCH • RECREATION LAND • MOUNTAIN PROPERTIES • Special section inside the May issue of Real Estate Today Magazine • Additional copies of the Farm & Ranch section will be distributed across Western Colorado throughout the summer season.

• Affordable & effective marketing tool!

• Digital flipbook with web and email links on ColoradoRealEstateToday.com.

FARM & RANCH ADVERTISING RATES Full Page Ad – $390 1/2 Page Ad – $250 1/4 Page Ad – $160 Cover & Full Inside Page - $700

AD DEADLINE IS APRIL 10TH! For information call Ariana at (970) 986-2592 or Tina at (970) 778-8620

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