Boulder Real Estate Investor Alert

Boulder real estate investors, and property owners need to be aware that the City of Boulder is considering forcing you to implement energy upgrades on your Boulder rental properties.

You may have to replace an older furnace, add insulation, or even install new appliances. All this as a part of a new set of proposed rules City Council has been considering for next year.

When we consider that over 50% of the homes in Boulder are rental properties, this could amount to a huge boom in work for HVAC contractors, insulation specialists, and businesses like Lowe’s and Home Depot.

This could also mean a huge hit to the bottom line finances of landlords with older property in Boulder.

Call, text, or email me before you take further steps towards investing in Boulder rental property.

From an economic standpoint it seems to make sense to upgrade insulation, appliances and to bring other energy efficiencies to your primary residence. After all, you can reap the rewards directly. But, with many rental property agreements structured so that the tenant pays the utility bills, there’s no direct connection to the bottom line for landlords.

City officials have now come up with a set of rules called “SmarRegs” which they’d like to see approved sometime next year. SmartRegs would require landlords to make an investment in energy efficiencies, and the process would be directly tied into the rental-license renewal process.

The proposal is under review by Boulder’s Landmarks Board, the Planning Board, and the Boulder Board of Environmental Affairs. Then, sometime in February, the City Council will take a look at approving the new regulations.

And, you may also want to know about a great  suburban Boulder mountain home for salewell-located Louisville land for sale, a very hip and energy-efficient remodeled home for sale in east Boulder, a beautiful Broomfield home for sale (subject to short sale approval from Bank of America), or you may enjoy looking at your neighborhood profiles, and helpful business profiles, I strive daily to give you the helpful information and critical support you want to make a well-informed decision.

Call, Text, or Email me. I’m never too busy for your referrals, and as a RE/MAX real estate professional intent on giving back to the community, my relationship-based approach is exactly what you’ve been looking for, and I will listen to you carefully.

Zachary Epps, full-time RE/MAX professional Realtor® and EcoBroker®

We must find the time to stop and thank the people who make a difference in our lives.

-Dan Zadra

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