In a bit of good news for area home buyers, the median home price in metro Denver remained unchanged in June, which may be a signal that the real estate market in the Mile High City is hitting its
Time To Invest In Denver Real Estate
With the Denver real estate market showing few signs of cooling off, you may be interested in testing the investment waters in this growing city. Forbes.com recently published “Should You Invest in Denver Area Real Estate?” and the overwhelming consensus was if you’re going to buy, buy now! Experts agree that prices will continue to rise in the Mile High City, so there’s no time like the present.
Here’s a rundown of tips from the article that will show you what areas to check out as you search for your first or next investment property!
Investments in single-family properties that are split into rental units have good potential in Boulder.
Straight single-family rentals will work best in Adams County. These investments must be made quickly because prices are rising.
Apartment developments have the best potential in Denver County. Construction loans will have low risk but default risk for mortgages will increase in a couple of years as Denver and Boulder become over-priced.
Best bets for investments in retail restaurants are in Adams County.
The original article indicated that right now growth is strongest in Adams and Larimer (Ft. Collins) because Denver is expanding northward, and there is an uptick in manufacturing jobs in Ft. Collins has new manufacturing jobs.
Visit this link for the full article: http://tinyurl.com/h27ex47
Are you ready to make your next real estate investment in Denver? Contact Metrowest today – we’d love to show you around this exciting area!
"Chris has a background in the financial services industry where he has brokered over $15B in receivables and is a frequent author and event speaker. He has been a licensed broker and real estate inv....