Apartment face-lifts
Apartment Investment and Management Co. plans to give two of its Denver properties a face-lift. The company plans to bring the 564-unit Tamarac Village apartment complex and the 376-unit The Lodge up to 2007 standards.
AIMCO has not determined what the scope of the work will be but typically spends between $13,000 and $70,000 per unit on rehabs, said Jeff Kimes, the company’s regional vice president in Denver.
“In general, we look at the exterior of buildings and try to make sure they’re good for the next 10 to 20 years and at the same time give them an updated appearance,” Kimes said. The company also looks at common areas, parking lots and the apartments’ interiors.
Wait-and-see for home sellers
Many prospective home sellers have a wait-and-see attitude toward the housing market, according to a national poll by Golden-based ServiceMagic.com.
Thirty-six percent of the 1,300 respondents said they’d like to sell their homes but are holding off until the market regains its strength.
Eight percent said they’d like to sell their homes now but can’t because the mortgage balance is too high.
Whether they plan to sell or not, 69 percent say they intend to make home improvements this year. Sixty percent of those respondents plan to spend more than $5,000, and 20 percent will spend more than $20,000.
Certified real estate agents
A year after the National Association of Realtors introduced its Resort and Second-Home Property Specialist designation, six Colorado agents have been certified.
The new certification program is aimed at serving the second-home and resort real estate sector. Colorado agents who have received the designation are Sara Austin of Silverthorne, Paul Lewis of Winter Park, Larry McCorkle of Louisville, Sue Pratt of Broomfield, Donald Ricedorff of Durango and Carol Richmond of Louisville.
Staff writer Margaret Jackson can be reached at 303-954-1473 or mjackson@denverpost.com.
