Tag Archives: Colorado

The Safest Place in Your Apartment During a Tornado

Tornadoes are no joke. With winds that can top 250 miles per hour, these storms can clear a path a mile wide and 50 miles long. Emerging from afternoon thunderstorms, tornadoes usually include hail and high winds. This is why you need to take cover when the warning siren goes off.

The average alert time for a tornado is 13 minutes, but there are environmental clues one is on its way. The sky transforms into a dark, greenish mass and begins to roar like an oncoming train.

Tornadoes can happen anywhere

Tornadoes occur all over the world, but, “In terms of absolute tornado counts, the United States leads the list, with an average of over 1,000 tornadoes recorded each year,” according to the National Centers for Environmental Information.

The U.S. experiences tornadoes all over the country, but one particular area gets hit the hardest. Known as Tornado Alley, the area covers South Dakota, Nebraska, Kansas, Oklahoma, Northern Texas and Eastern Colorado.

tornado alley map

Source: Accuweather

Whether you live in an area where tornadoes are common or not, it’s important to know how to stay safe in your apartment. Just as you create a plan for many emergency situations, know where to go in your apartment during these destructive storms.

Staying safe in an apartment building

On average, tornadoes move at speeds of about 10-20 miles per hour. They rarely travel more than six miles, which means they can damage a whole section of town. For that reason, if a tornado is in your area, seek shelter.

Basement

While basements are not an option in all apartment buildings, get low if you can during a tornado. Heading to the basement or even the sub-level of a parking garage offers the most insulation against the weather.

If your building doesn’t have a basement, try to get to the lowest floor if you can, regardless of whether or not it’s underground.

Interior rooms

The next safest option during a tornado is any area fully-inside the building. This means no outside walls. Under a stairwell, an interior hallway or even a room within your apartment can work. Make sure there are no windows.

Crouch down as low as you can get with your face down. Cover your head with your hands for extra protection or bring in a bike helmet to wear during the storm. Because of your location, there’s still a chance for debris to fall, so protecting your head is important.

Bathroom

Even if they have an exterior wall or windows, bathrooms are safe because the thick pipes inside the walls insulate you during a tornado. Climb into the bathtub if you have one and bring in your bed’s mattress to serve as a cover.

Closet

These are usually interior rooms by design, making closets a good choice to ride out a tornado. Pull your clothes off their hangers and grab any bedding from the shelves to insulate yourself. Don’t forget to close the closet door for even more protection.

tornado

Avoid dangerous areas

Tornadoes kill about 80 people each year, according to John Roach at AccuWeather. There was a decrease in tornado fatalities in 2018, with only 10 Americans dying. This is the lowest number since record-keeping started in 1875.

Yet, people still lose their lives to these dangerous storms. While knowing the safest places to be in your apartment during a tornado, you should also know what areas to avoid.

Windows

With gusting winds strong enough to shatter glass, windows become dangerous during a tornado. Even worse, once a window breaks, all kinds of debris can blow inside.

If you can’t stay completely clear from windows during a tornado, do your best to block them and protect yourself. If you can, duct tape a blanket over the window or slide a big piece of furniture in front to keep glass out of your apartment.

Heavy objects

While it may seem like a good idea to slide under your bed or inch behind a heavy dresser for protection during a tornado, it’s not. These pieces of furniture can shift during a storm or even fall through the floor. You don’t want to get pinned under or against something so heavy you can’t move.

Preparing for a tornado

If you live in an area where tornado warnings are common, consider creating a tornado evacuation kit to have on hand. These can include items you’d need to safely and easily exit your apartment after a tornado passes, such as:

  • Portable radio
  • Flashlight
  • Extra batteries
  • Cell phone charger
  • Bottled water
  • Spare set of car and apartment keys
  • Photocopy of your driver’s license
  • Cash

Having these items ready can make it easier to evacuate your building after the storm.

Remaining safe after the tornado passes

Being safe doesn’t stop once a tornado passes. Dealing with the aftermath of this type of storm includes new dangers. Make sure to watch out for fallen or exposed utility lines, downed trees or limbs and debris.

Exercise extreme caution when leaving your apartment building. If enough damage occurs, you may have to stay out of your apartment. You may not see the dangers, so it’s important to wait for an official word before reentering. When you can, take pictures of any damage to your own property since you’ll most likely have to file an insurance claim.

Preparing for the unexpected such as weather, fire or even flood means having the right supplies and the best information on how to stay safe.

The post The Safest Place in Your Apartment During a Tornado appeared first on Apartment Living Tips – Apartment Tips from ApartmentGuide.com.

Source: apartmentguide.com

I’ll Retire With a Military Pension and Want to Move to a Bicycle-Friendly, Beer-Loving Place—So Where Should I Go?

A beer garden at one of Knoxville, Tenn.'s craft brewers.Visit Knoxville

Dear MarketWatch,

I have five years until I retire. I have a nest egg of $1 million and will also have a monthly military pension of approximately $6,000, and Social Security on top of that.

I like cycling 60 miles a day and want to retire in a place that is known for good, safe cycling. I hate hot humid weather and don’t want a lot of snow. I love craft beer. And I would prefer a place with limited or no income tax on a military pension.

Where should I retire? Fort Collins, Colorado, and Asheville, N.C., seem like good places, but the cost of living in Fort Collins seems above average, and I am told Asheville has a lack of housing.

What other places should I consider and how do they compare with the two locations already mentioned? My wife likes the sound of “the Hill County in Texas,” but she knows the heat is bad.

Charles

 

Dear Charles,

The Fort Collins and Asheville areas sound lovely. And popular places tend to be more expensive — that’s just the reality of supply and demand. If that’s where you want to be, the trade-off might be as simple as a smaller house/condo/rental.

You also could seek cheaper housing a bit further from these two cities — Greeley, Colo. (don’t believe everything about the smell), or Hendersonville, N.C. (recommended here), for example. Or what about Raleigh-Durham, with the American Tobacco Trail as the trail network’s spine? You’d have to accept more humidity with that one, however.

I started my search by looking at the League of American Bicyclists’ bicycle-friendly communities. Five, including Fort Collins, are platinum. Housing in only one is cheaper than Fort Collins, but I don’t think you’ll appreciate the snow in Madison, Wis. I ruled out Davis, Calif., because the state is one of seven that taxes military retirement pay in full. (It doesn’t tax Social Security checks, though.)

So I looked further down the list while taking weather and taxes into consideration. You can estimate your state taxes using this calculator, but you may want to verify that with a tax professional.

I’ve described three suggestions for you below. Boise (a silver-level BFC) and Corvallis, Ore. (a gold BFC), recommended here and here, may be other places to consider.

As always, taxes, housing costs, the number of craft brewers and even bike-friendliness can change over the next five years. And some of these places may not mesh with whatever your wife’s wish list includes.

Another piece of advice: Be sure to experience a place in all weather, or at least the worst season, to make sure it’s a fit. Data can only tell you so much. Consider renting, at least at first. Your pension and Social Security may cover your regular expenses, but don’t make yourself house-poor.

Equally, state income taxes aren’t always everything. Virginia, which does tax retirement pay, is rated the best state for military retirees according to this survey and scores second-highest for the “economic environment,” behind Alabama.

Why not check out your shortlist on a bike tour?

A kayaker and a paddleboarder in Mead’s Quarry, part of the Ijams Nature Center in the South Knoxville section of Knoxville, TN.
A kayaker and a paddleboarder in Mead’s Quarry, part of the Ijams Nature Center in the South Knoxville section of Knoxville, TN.

Justin Fe/Visit Knoxville

Instead of Asheville … Knoxville, TN

Asheville is one of America’s premier craft beer destinations, but Knoxville has an above-average number of breweries too. By moving here, you’d get a city twice the size (nearly 190,000 people) and the state’s flagship university (33,000 students and the potential for practically free classes starting at age 65). You’d be in a valley with the Smoky Mountains visible to the east; Asheville’s elevation is more than 1,000 feet higher. Average July highs would be a couple of degrees warmer than in Asheville, and January highs would be a couple of degrees cooler, but a little less snow.

Knoxville is a bronze-level bike-friendly community, as is Asheville. Check out bike rides that tour the breweries. You can also join BikeWalk Knoxville on one of its rides to explore the city.

Tennessee has been reducing its state income tax and will abolish it at the end of 2020. North Carolina will give you a more modest break on your pension and tax your Social Security check.

Housing is much cheaper in Knoxville than in Asheville, whether buying or renting. Here’s what’s for sale in Knoxville now, using listings from Realtor.com (which, like MarketWatch, is owned by News Corp.

And here’s Asheville.

You can flip to the rental market for both.

———

A sunrise near Wenatchee, WA
A sunrise near Wenatchee, WA

Wenatchee Valley Chamber of Commerce

Instead of Fort Collins … Wenatchee Valley, WA

The Wenatchee Valley is a bronze-level bicycle-friendly area of 67,000 people in central Washington, so far from Fort Collins’ platinum status and even smaller than Asheville. The city of Wenatchee has nearly 35,000 residents, and the narrow, 50-mile-long Lake Chelan is an hour away. This is an agricultural area — fruit is a big crop, and there’s wine, too — so you should have plenty of rural roads to pedal on. Yes, you’ll also find craft brewers

Washington state doesn’t have an income tax, so Wenatchee checks that box. Colorado offers some tax breaks on both military pensions and Social Security.

The Wenatchee area is more affordable and less busy than Fort Collins, which you should think of as a cheaper(!) version of Boulder. Fort Collins has 170,000 people, plus there are almost another 80,00 in neighboring Loveland and 110,000 in Greeley. The plus side is that it gives you a broad range of neighborhoods and prices.

Average summer highs in Wenatchee are in the mid-80s; average highs in the winter are just above freezing. Fort Collins is a touch cooler in the summer and warmer in the winter. You’d get little rain, unlike cities on the other side of the Cascade Mountains, but expect 7 to 9 inches of snow on average in December and January. Despite its higher average temperatures, the snow starts earlier in Fort Collins, lasts longer and you get more of it.

You will find plenty of retirees around Wenatchee. Nearly 20% of Chelan County’s 77,000 residents are 65 or older, according to the Census Bureau. Fort Collins comes with Colorado State University.

If Wenatchee looks too pricey, check out Spokane, another bronze-level BFC. It’s far bigger, with about 225,000 people (and 525,000 in the county), and has more craft brewers. The drawback is more snow. If you want to go smaller, Ellensburg, about 90 minutes south of Wenatchee, is a silver-level BFC and a touch cheaper than Wenatchee.

Here’s what’s on the market in Chelan County.

This is what the housing market looks like in Fort Collins, Loveland and Greeley.

Indiana University's Little 500 bike race.
Indiana University’s Little 500 bike race.

Visit Bloomington

Wild card: Bloomington, IN

If you like older biking movies, you know this town of 85,000 people from “Breaking Away” and the Little 500 bike race. But did you know the home of Indiana University is a gold-level bike-friendly community?

And we’re not talking about just biking past miles and miles of corn fields on those 60-mile rides. (That would be retiring near rival Purdue University in West Lafayette, a bronze-level community.) Southern Indiana is hilly — test yourself on the brutal Hilly Hundred weekend ride outside of town during peak foliage. Others might prefer the all-terrain Gravel Grovel through the Hoosier National Forest. To chill, take the 9.2-mile trail that runs from the north end of town to the limestone quarry on the south side.

For beer, check out Upland Brewing, which won a gold medal at the Great American Beer Festival in 2019. Six more gold-medal winners are in Indianapolis an hour to the north.

Indiana is changing how it taxes military retirement pay; your pension should be exempt as of 2021. The state also doesn’t tax Social Security income.

Temperatures in Bloomington reach an average of 86 in July, while January means an average high of 37 and about 5 inches of snow. If you want to hang out on campus, seniors get 50% off tuition, and the break starts at age 60.

Here are homes on the market now.

The post I’ll Retire With a Military Pension and Want to Move to a Bicycle-Friendly, Beer-Loving Place—So Where Should I Go? appeared first on Real Estate News & Insights | realtor.com®.

Source: realtor.com

Pulte Mortgage Review

A wholly-owned subsidiary of PulteGroup since 1972, the third-largest homebuilder in America, Pulte Mortgage gives customers a financing option that differs from those of banks and online lenders.

As an imprint of the larger conglomerate, Pulte Mortgage leverages construction experience and a personal touch to take borrowers through the home purchase process, helping them understand their options and decide on the best mortgage loan for them. This is done through a personal loan consultant assigned to individual accounts.

While Pulte Mortgage does not have a profile on the Better Business Bureau’s webpage, the PulteGroup has an A- rating, though it is not accredited.

Pulte AT A GLANCE

Year Founded 1972
Coverage Area Arizona, California, Colorado, Connecticut, Florida, Georgia, Illinois, Indiana, Kentucky, Maryland, Massachusetts, Michigan, Minnesota, Nevada, New Jersey, New Mexico, New York, Ohio, Pennsylvania, South Carolina, Tennessee, Texas, Virginia, Washington
HQ Address 3350 Peachtree Road, NE, Atlanta, GA 30326
Phone Number 1-(866) 236-8165

Pulte Company Information

  • Part of the PulteGroup, the third-largest homebuilder in the United States
  • Based in Atlanta, the financing branch has served 400,000 borrowers across the country since 1972
  • Offers consumers a streamlined and integrated process, bringing a great deal of construction and lending experience
  • Has a broad menu of conventional, jumbo and government-backed loans, as well as specialty products
  • Assigns personal loan consultants to help guide borrowers understand mortgage rates and other specifics
  • Hosts a mortgage learning center for borrowers that includes a calculator, a glossary, and other resources

Pulte Mortgage Rates

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Pulte Mortgage Loans

Customers who are building homes through one of the approved PulteGroup builders can access loan products including:

Fixed-rate mortgages

Usually offered in 15- and 30-year terms, these mortgages feature a fixed rate throughout the life of the loan, ensuring a steady monthly payment that is easily budgeted for. Fixed-rate mortgages are generally best for homeowners who expect to settle down in their residence or just want the dependable structure. Pulte Mortgage has fixed-rate offerings with both low- and no-money-down payment requirements.

Adjustable-rate mortgages

Typically called ARMs, these mortgages have an interest rate that fluctuates with market conditions. These loans are ideal for borrowers with short-term housing plans who may move soon after closing.

Since interest rates are generally lower for ARMs, these products may be a good fit for those looking to make a profit, yet although rates are initially low with ARM loans and they remain fixed for a specified number of years, the risk of rates increasing with market fluctuations after the initial period exists.

The terms of these loans usually include a fixed rate for an introductory period that is rebalanced yearly, bi-annually or monthly. While traditional ARMs stay fixed for six months and are thereafter recalculated at the same interval, hybrid ARMs offer longer fixed terms, like 5/1 or 7/1 options, that are fixed for five or seven years respectively and rebalanced each year.

Jumbo mortgages

Sometimes consumers need higher loan amounts than traditional, conforming mortgages can offer, which are limited to $453,000. Homeowners who build their own homes or purchase homes in high-cost areas may need more robust financing options, which is where a jumbo loan comes in. These mortgages often cover loans between $453,100 and $2 million.

FHA mortgages

These loans are backed by the Federal Housing Administration (FHA), which allows for less strict qualification requirements to incentivize homeownership. With FHA mortgages down payments can be as little as 3.5 percent, while low credit isn’t an automatic disqualification.

VA mortgages

Veterans Administration-backed mortgages are intended for veterans, active-duty personnel, and qualifying spouses of those who have served in the military or armed forces. Little to no down payment may be required for these types of loans. 

Balloon mortgages

While most borrowers are familiar with mortgages that are paid for incrementally, balloon mortgages are the opposite. These types of mortgages are paid in lump sums over a shorter period of time typically spanning five to seven years but may feature a lower interest rate than a fixed-rate option. At the end of the mortgage, borrowers must refinance or sell their homes, which is something to be aware of.

Bridge loan

While Pulte Mortgage does not offer home equity loans or lines of credit, it can extend bridge loans. This product is a type of the second loan that uses the borrower’s present home as collateral, earmarking the proceeds for closing on a new house before the present home is sold.

Pulte Mortgage does not offer cash-out refinancing options or USDA loans, which are government-backed loans that incentivize rural homeownership through low down payments.

Pulte Mortgage Customer Experience

The idea behind Pulte Mortgage is to streamline the mortgage process for consumers, so it’s more effective and efficient. In that spirit, the mortgage process for borrowers is straightforward with lots of assistance available on the way. Pulte highlights its five-step process:

  1. The mortgage application is started either through a secure online portal or through the mail. A Pulte Mortgage team is also assigned at this point.
  2. The personal loan consultant contacts the borrower to talk about important information, determining personal needs and locking in a rate.
  3. The loan is processed, and credit approval is communicated.
  4. The closing date is set with a builder representative, while the loan processor coordinates necessary actions.
  5. The keys to a new home are ready!

Prospective borrowers who just want to do some research can also benefit from Pulte Mortgage’s resource library, which includes:

  • A calculator that helps determine the buying power
  • A glossary for mortgage terms you’re likely to encounter through the process and should be familiar with
  • A mortgage FAQ for specifics on homebuying and financing

Pulte Company Grades

Although Pulte Mortgage does not have a profile with the BBB, PulteGroup, its parent company, has am A- rating with the organization. Though the company is not accredited by the BBB, Pulte Mortgage has been in business since 1972.

Pulte Mortgage Underwriting

Pulte Mortgage does not publicly disclose its down payment or qualification requirements on its website. Customers who are building with Pulte Homes, or one of the associated PulteGroup brands, can access this information once they complete the mortgage application.

History of Pulte Mortgage

Not only is PulteGroup the third-largest homebuilder in the United States, but it’s also been financing mortgages since 1972. Thanks to a little horizontal integration, PulteGroup can assist homeowners from construction to mortgage closing through Pulte Mortgage, the wholly-owned subsidiary that offers loan products.

The selling point is Pulte Mortgage being a one-stop-shop for homeowners, informed by extensive residential construction and mortgage financing experience.

Pulte Mortgage finances new home construction for customers of Pulte Homes, Centex, Del Webb, DiVosta, and John Wieland Homes, which all fall under the PulteGroup umbrella. Personalization is a key focus, with personal loan consultants for each borrower.

It also has an extensive online learning center to help prospective homeowners become familiar with different loans it offers, including conventional, jumbo, FHA, and VA loans, as well as specialty products like balloon mortgages and bridge loans.

Bottom Line

PulteGroup can assist homeowners from construction to mortgage closing through Pulte Mortgage. Many customers enjoy the fact that Pulte Mortgage is a one-stop-shop for homeowners, informed by extensive residential construction and mortgage financing experience.

For more information visit their website.

The post Pulte Mortgage Review appeared first on Good Financial Cents®.

Source: goodfinancialcents.com

Homie’s Denver Housing Market Update November 2020

The real estate market is constantly changing, especially in the local Denver market. We like to keep an eye on it for you, so we can let you know what’s going on! Here’s the latest update:

Data from ReColorado from November 1, 2020 to November 30, 2020.

Monthly Sales

At 5,236, monthly sales are up 22% from this same time last year in the Denver metro area. While the sales are up from November 2019, they are 19% lower than sales in October. A decrease in monthly sales between October and November is fairly common.

monthly sales

Data retrieved from RE Colorado.

New Listings

November saw 3,695 new listings in Denver. This is a 1% increase from the previous November and a 40% decrease from October of this year, continuing the trend of a slow down as we move into the colder months.

New Listings

Data retrieved from RE Colorado.

Sale Price

The average sale price for homes in the Denver metro area in November was $547,094. This is a 13% increase from November 2019 and just a decrease of 2% from October of this year. Single-family homes are selling for higher prices than multi-family residences, such as townhomes and condos. The average sale price for a single-family home was $224,195 higher than multi-family residences.

sale price

Data retrieved from RE Colorado.

Days on Market (DOM)

The number of days on market continues to drop, with an average of 22 days and a median of six days during November. The average is a 13-day decrease from last November’s average and a 2-day decrease from this October, while the median is a 13-day decrease from last November and a 2-day decrease from this October.

Single-family residences spent an average of 6 days fewer on the market than multi-family residences.

Average Days on Market

Data retrieved from RE Colorado.

Turn to a Homie

Whether you’re looking to buy or sell, Homie has experienced, local real estate agents who are excited to work with you. These agents understand the nuances of the local real estate market and are willing to go the extra mile to get you the deal you’re looking for. Click to start selling or buying and to get in touch with your dedicated agent.

Get more tips on navigating the Colorado real estate market!

5 Tips to Help You Afford Your First Home
Common Home Buying Fears and How to Overcome Them
Can You Buy and Sell a Home at the Same Time?

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The post Homie’s Denver Housing Market Update November 2020 appeared first on Homie Blog.

Source: homie.com