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  • Real Estate News, Reports, & Advice Blog

    Wednesday, September 20, 2017   /   by Olivia Martin

    Norway-based Company Develops Smart Home Technology to Monitor Radon Levels

    Did you know that radon causes more deaths from lung cancer every year than both carbon monoxide and house fires combined? The scariest part is that you don’t have to travel far for radon to affect you— it could start in your own home. In fact, recent surveys have shown that 1 in 5 homes in the US have elevated radon levels.
    What Is Radon?
    Radon is a colorless and odorless gas that occurs naturally in soil. It can be released from rock, soil and water, and when it decays, solid particles begin to form and can cling to water molecules, dust, or even directly to lung tissue.  
    When the interior of a home is warmer than outside (most nights year-round), the home draws soil gas out of the ground to replace lost air that escaped out of the top, thus increasing overall radon levels. While radon detectors have been around for years, the tests can take days to come back from the lab and since daily radon levels tend to fluctuate, the tests aren’t always the most accur ...

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    Monday, September 18, 2017   /   by Olivia Martin

    Belgrade Expands and Prepares for Future Growth

    In 2010, Belgrade had around 7,389 residents; as of last year, that number has grown to 8,254— a 10.5% population increase in just six years, and probably even more now that we’re in the 3rd quarter of 2017. Many of these residents were priced out of the market when looking to purchase a home in Bozeman city limits.
    In a report released by Prospera Business Network, the average price for a 2,400 square-foot home in Bozeman on an 8,000 square-foot lot was $367,241. In Belgrade, the average price for a single-family home is $291,382. At the beginning of the summer, the price was about $260,000.
    What Preparations Are Being Made For This Growth?
    Plans to improve downtown, alleviate the city’s transportation problems and buy more land to build additional schools are already underway.

    The Belgrade City Council is creating a special tax district downtown, with its purpose being to produce a new revenue stream to finance this project (among other infrastructure upgrad ...

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    Wednesday, September 13, 2017   /   by Olivia Martin

    New Short-Term Rental Rules Adopted in Bozeman City Limits

    Bozeman City Commissioners adopted an ordinance on September 11th that includes new rules and regulations for the estimated 500-550 short-term rentals in Bozeman through platforms including Airbnb, VRBO and Homeaway. A short-term rental (STR) is defined as the rental of rooms or dwellings to paying guests anywhere from 1 to 29 days.
    What’s the Gist?
    This ordinance was adopted with a 3-2 vote by city commissioners—commissioners also passed the new fees that homeowners will pay in order to continue using their property as an STR. There is now an annual $250 registration fee, in addition to a one-time fire inspection fee of $225. In addition, some homeowners may find themselves paying an administrative conditional use permit of $1,508. Commissioner Chris Mehl states that there may be adjustments to these fees in the future, as the city commissioners will have the chance to look at and assess the fees every year.
    What Else? 
    The new fees will be used to balance the pr ...

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    Wednesday, September 06, 2017   /   by Olivia Martin

    Bozeman Continues To Grow With New Proposed Airport Expansion

    It comes as no surprise to most of us that Bozeman is quickly growing, in terms of both population and city development. In the past seven years alone, we’ve grown from 37,000 residents to more than 45,000. Last year was a record year for the Bozeman Yellowstone International Airport, which is located in Belgrade and is the busiest airport in the state— there was an 8.4% increase in the number of travelers in and out of Bozeman, and 29% of all air travelers in and out of Montana fly through the Bozeman airport.
    To better accommodate those flying in and out of Bozeman, plans to develop more than 50 acres of land south of the airport have been submitted. These plans include a mixed-use complex that will hold hotels, retail stores and restaurants. A Connecticut-based developer, Charter Realty & Development, is currently in negotiations to purchase the property from its current owner Knife River, a construction materials company headquartered in Bismarck, ND.

    With bo ...

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    Wednesday, August 30, 2017   /   by Olivia Martin

    Record-breaking Research at MSU in 2017

    Montana State University, the largest in the state with a whopping 16,440 students enrolled last fall, has set a record of $130.8 million in contract expenditures and research for the fiscal year that ended in June 2017. This impressive number is up $12 million from last year.
    Researchers from the university pursued grant funding in the fiscal year 2017 more heavily than they have in the past. Here are the stats:
    Fiscal Year 2017
    Grant applications: 1,729 (>100 from fiscal year 2016)
    New grant awards: 562
    Total worth: $75.5 million (>8% more than fiscal year 2016)
    What Does It Take to Get a Grant?
    The commitment to academic research at MSU is apparent by the number of submitted proposals, especially because the entire process is anything but easy. It all begins with an idea, and from there a cycle of writing, budget development and research question generation follows.

    Both students and scientists that received these grants study in fields that include bioch ...

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