Broadmoor Bluffs in Colorado Springs| Colorado Springs Neighborhoods

Broadmoor Bluffs is located in the Broadmoor area of southwest Colorado Springs just off Highway 115 and Broadmoor Bluffs Drive. When you exit I-25 towards Highway 115 you will find Broadmoor Bluffs Park and Oak Meadows Park inside its boundaries. This Colorado Springs Neighborhood is conveniently located near shops, local coffee dine-in, entertainment, The Cheyenne Mountain Zoo, The famous Broadmoor Hotel, Cheyenne Mountain State Park, and so much more. Broadmoor Bluffs is close to Interstate-25 so if you need to zip up to Downtown Colorado Springs, Denver or Pueblo, it’s a simple route. Downtown Colorado Springs is just a 15 minute drive.

Why Broadmoor Bluffs?

One of the biggest reasons why this neighborhood is so popular is its mature trees and incredible mountain views. This neighborhood sits on a hill. You can practically see the entire city from up here. You’ve got the mountains behind you so either way you’re going to get views that make you forget all your worries!

Things To Do Near Broadmoor Bluffs

My favorite thing to do near Broadmoor Bluffs is definitely the Cheyenne Mountain Zoo. I love it so much, I recently bought a season pass for some out of state clients of mine and they were thrilled! You get a beautiful zoo with the same mature trees so it’s like hiking with the animals in the mountains. This 140 acre zoological park is the highest zoo in America (text on screen: no pun intended, I promise!) at 6,714 feet above sea level. You need to get your tickets in advance and don’t forget to add on the Mountaineer Sky Ride! I’ll link more info about Cheyenne Mountain Zoo in the comments section of this video. Everyone needs an e-ticket, even the babies so make sure you get enough tickets. They sell out quickly. Pricing for tickets will also be linked in the comments section of this video.

Another highly rated attraction near Broadmoor Bluffs is the Cheyenne Mountain State Park. This Colorado State Park was acquired in 2020 and is just 6 minutes away from Broadmoor Bluffs. You can go camping, hike on trails, do yoga in the mountains, sit at a picnic table and grill, play at the park, bike, hike, ride your horse, or just sit and stare at the views. My mom’s church has service and barbecues at this very park every year minus the COVID seasons. The park is huge. There is a daily vehicle pass fee of $9 at the time of this video. Try and book at least 6 months ahead because this place is popular.

PCSing to Fort Carson, Colorado?

Lastly for this video is that Fort Carson is just 8 minutes away from Broadmoor Bluffs. So if you are PCSing to Colorado Springs this is a great neighborhood for you to live in. You’ve got the highly rated, award winning Cheyenne Mountain School District 12 in the Broadmoor Bluffs neighborhood. You have the highly rated Tinseltown movie theatre with multiple screens, stadium seats & self-service ticketing kiosks nearby. You have salons, restaurants, Quail Lake, hotels, healthcare facilities, breakfast restaurants (see map link in description)...you could literally never have to leave this area if you didn’t want to. Everything you need is under a 20 minute drive away. The walkability of this area isn’t high, so if you prefer walking everywhere and ditching the car, I’ll leave a link for homes in more walkable areas.

Homes For Sale in Broadmoor Bluffs

Living out in Broadmoor Bluffs is a great place to live because living here gives you access to everything living in Colorado Springs has to offer. You have great access to grocery stores and shopping malls. You can still go outside and enjoy living in Colorado Springs by hiking in the mountains. You just have to remember to get out there because I know for myself living here, I tend to forget all the fun things to do in our city.

For a free list of available homes in the Broadmoor Bluffs neighborhood, check out the links below If you’re a dog lover, there’s this amazing dog park with similar views. You can learn more about this park on this video here!

Do you know anyone who would benefit from these videos? Please share with a friend or four and I’ll see you next week!

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Buying a house

Broadmoor Bluffs Neighborhood Map

Homes for sale near Broadmoor Bluffs

https://bit.ly/broadmoorbluffshomes

Cheyenne Mountain Zoo

https://www.cmzoo.org

https://www.cmzoo.org/wp-content/uploads/2021CMZPricingCalendar7-7-21.pdf

Cheyenne Mountain State Park

https://cpw.state.co.us/placestogo/parks/CheyenneMountain

Cheyenne Mountain School District

https://www.cmsd12.org/

No Car Lifestyle Neighborhood

Waiving Home Inspection 😲

I just feel like even though there is a shortage of inventory that doesn't mean that you're gonna forego these inspections because you just never know what's wrong with the house!

I wanted to make sure that you guys are still doing your inspections even though we are in a competitive market. I get that you want to make sure that your offer is strong so a lot of people are not putting the inspection into their contracts. We typically advise an inspection with a radon test and a sewer scope.

Radon Test

The radon test is highly advised even if there is a mitigation system placed inside the house because it could fail and you're not going to know what the levels are unless you get it tested. I spoke to a radon inspector recently and they had mentioned to actually do this once a year on a regular basis to make sure that the levels are staying low and safe for you.

Sewer Scope

That's going to be a little camera that goes in through the pipes to make sure that there's no trees or anything blocking your pipes. In the newer neighborhoods, a lot of agents are telling clients that you don't need to get the sewer scope in a newer neighborhood because there's not a lot of mature trees. Lies! I disagree with that, because if there's something that is unseen inside of those pipes like broken clay, or you know, things tend to fall apart even in new construction or newer homes. You never know what's down there. There could be some sort of blockage and it's better to just be safe than sorry. I heard a story once before that an agent had went under contract on a house they didn't do a sewer scope for whatever reason. Well, it ended up turning out that the builder never ran the sewer line all the way to the city line, so it was just spewing out into the street or the yard or wherever it was. So you want to have that peace of mind and know for yourself that there's nothing wrong with that sewer scope.

What to expect at the inspection

When it comes to the inspection inside of the house they're going to be checking things like your roof, taking a peek at the foundation (to a certain extent-they have to be able to see it, they're not going to go super in-depth behind the walls) and so your water heater, your furnace; they're going to make sure that it's been serviced correctly and that it's safe

and functioning. It might cost more to get them to open up the panel of a furnace to make sure that everything inside is good, everything is up to code and up to standard because things change over time. Safety issues change over time Before, it was okay to obviously paint with lead-based paint before the 80s and now that's a huge concern.

Signs of water damage in walls

Inspectors will check the basement and walls for water damage. For instance, if there's a sump pump in there and they want to know why there's this giant hole in the floor because there might have been an issue with flooding in the past so they'll see water lines of some sort. These things are not always mentioned in the seller's property disclosure. Some of it can be condensation, but sometimes it is evidence of water damage from a previous flood. You want to make sure that you know what you're walking into and so that's why you still need to do the home inspection. If you don't want to buy the house you can still back out because of the inspection items. Some inspectors are going to go in, depending on the inspector (some inspectors will be very thorough, some won't) and do things like test the washer or dryer but, you want to make sure that you get a good inspector that's thorough.

For example, on one of my last inspections the listing agent said that no one had checked the dryer before and it was supposedly new, but you do want to go into a house and know that the dryer works if you're expecting that the dryer is going to work if it's staying in the house. They're also going to be checking your windows and advising whether they are super old windows that need to be replaced. They're going to check the carpet, the floor, making sure that there's no water leaks in the house or evidence of leaks such as bubbling of the paint on the walls, water stains-there's a lot that goes into this. It's going to be about a two to four hour inspection just depending on the size of the house and all that they're going to need to look. You want to make sure that you get everything looked at in detail. It's going to be a little more expensive to get these additional inspections like the sewer scope and radon or bug checks, but you don't want to be in the house you know two three years later and then you end up having to spend thousands when you could have avoided it in the beginning. Or maybe if it's a health and safety item you can have the seller help you take care of this before closing, not after closing. A year or two later will be too late and you're stuck with thousands of dollars in termites or something. We've had termites out here.

In some states you might have to pay extra to have a bug inspector come out and take a look at the property, but they'll find all these things so that you are confident in your purchase. You're spending a lot of money on a house and you want to make sure that you don't have any sudden surprises because you are going to be paying for appraisal and all these different things, moving expenses, etc. You don't need any surprises after you move in, especially right now with everybody paying over list price. That's just extra money that you don't need to have a headache for later on down the line.

Anyway, that's it. That's why you should have an inspection. Do not wave your inspection! Thank you so much for reading. Let me know your thoughts in the comments. This is a transcribed version of the video, so it's a very conversational blog. Share it with someone you know that could benefit from it. If you like this video, can you just give it a "👍🏾"? That would really help my business and so I can continue to provide free content for you so that you can be confident in your real estate purchase. Have a great day! I will see you next Wednesday.

Bye!!

IRIS BURTON BROKER ASSOCIATE | RE/MAX® INTEGRITY

Colorado Springs, CO REALTOR®

https://www.irisburton.com/

irisburton@remax.net

719.231.9290

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Homeownership Costs | What to pay monthly when buying a house 🤔 🤔

Bills to pay when owning a house

So when I first bought my house I didn't realize that there were other things that came along with the payment each month so aside from the mortgage-the money that the lender has loaned to you so that you can make this purchase-there's some other things that you're going to be paying each month.

Private mortgage insurance

For example, you'll have your mortgage and then on top of that you're going to have private mortgage insurance unless you put down 20% or more down on your house. But, for a lot of us we do because we didn't put down 20% or more, or, if you have screaming awesome credit. There was one point where I had an 804 credit score and I didn't have to pay private mortgage insurance because they looked at me as someone who is going to make sure that they paid their bills. That was nice because that saved me maybe one or two hundred dollars a month. I've seen PMI as high as $350 per month and so it can get pretty high. Your interest rate is higher when you're doing those down payment assistance programs and that can make the payment a little bit higher each month.

Property taxes

The next thing that I want to let you guys know that you'll be paying are taxes now in Colorado Springs taxes can range anywhere from several hundred to thousands of dollars per year. If you buy a townhouse, it could be as small as three or four hundred per year, all the way up to twenty four hundred dollars per year depending on certain areas such as Lorson Ranch. You can look this up on the county assessor records website here. The payment is basically the annual payment divided by 12 and that's what you're going to be paying each month (even though technically they get paid twice a year from escrow on your behalf-consult your tax professional).

So, if your taxes are $2,400 for the year, then you'll just divide that by 12 and that brings you to $200 a month in taxes which can be pretty high. When I first bought my house, taxes were only $800 for the year, but then we all voted to invest in our schools so now our taxes are almost twice that amount. Even when you do move in and you have a low tax rate, it can always go up! So, to be on the safe side, always expect your monthly payment to go up. However, you can write off as a homeowner at tax time so it'll wash most times! They will put that into escrow and then you'll be paying for taxes in arrears. So, the following year if you were behind or you didn't have enough money for your taxes, that's going to go on to your monthly mortgage for the following year.

Interest rates

Aside from taxes, you're going to have interest payments. Interest is going to be on top of your mortgage payment. Now, when you look at all of your mortgage payments that you're going to be paying over the course of 15 to 30 years depending on the type of loan that you get, you'll notice that you'll be paying a lot more than the purchase price of your house for when you bought it when you went under contract. The interest over 30 years adds up very quickly! So, that's also going to be in your monthly payments and so they divide those payments typically in a fixed mortgage - they'll divide that up over 30 years. You will get a breakdown from your lender of each payment for each month and what percentage of that is interest and how much of that is actually going to your principal or your mortgage balance.

Homeowners Association Dues

After that, you might have an HOA and a lot of places in Colorado Springs have HOA dues. They have a homeowners association that collects these dues to basically manage the neighborhood. They will make sure that the neighborhood is being kept up. Maybe they have someone coming out and planting flowers and making the sidewalk look nice, shoveling snow, things like that. Our HOA is pretty inexpensive where I live. It's about ninety dollars for every three months. There are some neighborhoods that will charge up to three, even four-hundred dollars a month for HOA, but you typically do get things included with that like a swimming pool, trash services, if you're in a townhouse they might take care of your exterior insurance, landscaping, etc. You'll get an accountability sheet of where the money is going so they'll be very transparent with you.

Homeowners Insurance

The next thing you're going to need is homeowners insurance. Homeowners insurance is different than private mortgage insurance. With PMI, or private mortgage insurance, the lender needs to be able to ensure that they're going to get their money if you don't pay your mortgage back. That's why typically the lower your credit is, the higher your payment and your mortgage rate is going to be. Homeowners insurance is if something were to happen to your house such as a hail storm (which we've had plenty of those here) or a wind storm that came and took your roof off or half of your shingles, heavy snow that broke a branch off of your tree and landed on your house...anything that happens to your house - you're going to have to have homeowners insurance that's going to cover these types of things. You will have a deductible as well and that can be anywhere from one to two thousand just depending on your coverage, so make sure that you factor that cost in as well.

So, that's basically it! You have your mortgage, your private mortgage insurance, taxes, homeowners insurance, and possibly homeowner association dues each month. These are all the things that you're going to have to consider when you are buying a house. I hope that you learned something today! If you did please like this video and watch next week as I will be sharing with you every Wednesday. If you have any topics that you'd like to go over please put those in the comments and check out the freebies in the description box on YouTube. I hope you have a great week. I will see you on Wednesday!

Search Homes For Sale Under $300,000.

Homes for sale under $300,000 in Colorado Springs

IRIS BURTON BROKER ASSOCIATE | RE/MAX® INTEGRITY

Colorado Springs, CO REALTOR®

https://www.irisburton.com/

irisburton@remax.net

719.231.9290

You can learn more about the buying process in this video: ↠ Click to Watch

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