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.
Since 2003, Metrowest Real Estate Services has been Denver’s premiere resource for residential, foreclosure, REO and investment real estate. When helping you buy or sell, our mission is to provide excellent customer service to our corporate and individual clients by ensuring that our agents exceed all standards for market knowledge, professionalism, and client support. Whether you are a high volume investor or a first time homebuyer, our team at Metrowest can help you realize your real estate goals! Metrowest is your Denver Colorado Real Estate Team. We specialize in helping you get the most of your sale, purchase or investment.