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2015-10-28 11:03 AM

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Subject: Denver Area Housing

I'm considering moving to the Denver area in the next year or so, anyone familiar with the housing market there?  Trying to decide if it makes sense to buy or rent.  How difficult would it be to find people to rent out extra rooms if I bought?

thanks



2015-10-28 1:07 PM
in reply to: dmiller5

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Expert
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Subject: RE: Denver Area Housing

The rental market in Denver has been ridiculous lately. I can't believe how much money people are paying for tiny little apartments. If you have the money, I'd suggest buying, as it's likely you could have a lower mortgage payment than your rent would be for a similar space. Depending on where you live, you could find roomates - just depends what part of town you want to live in?

2015-10-29 2:08 PM
in reply to: Stacers

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Champion
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Subject: RE: Denver Area Housing

I have a friend living in Fort Collins, which I know is a bit away from Denver, but I'll share just in case it comes up.  She encountered a weird ordinance called "You plus two", where you can only live with two other people who are not in your family.  So, sharing a larger home with more than two others would be out.

I have another friend who bought in Denver (Lakewood specifically). It's VERY expensive and I think competitive.    As long as I've known people living in the Denver area it's been expensive, both renting and buying.  If you're on a budget, renting may be your only option. 

2015-11-02 11:34 AM
in reply to: BikerGrrrl

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Subject: RE: Denver Area Housing

Originally posted by BikerGrrrl

I have a friend living in Fort Collins, which I know is a bit away from Denver, but I'll share just in case it comes up.  She encountered a weird ordinance called "You plus two", where you can only live with two other people who are not in your family.  So, sharing a larger home with more than two others would be out.

I have another friend who bought in Denver (Lakewood specifically). It's VERY expensive and I think competitive.    As long as I've known people living in the Denver area it's been expensive, both renting and buying.  If you're on a budget, renting may be your only option. 

Thanks for the tips.  I've been looking...it is pretty comparable to the area I live, DC.  I'm trying to figure out if the pay out there is also comparable which would probably be the bigger budget problem.  I think there are a lot of environmental engineering type jobs out there though.

2015-11-03 3:34 PM
in reply to: dmiller5

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Master
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Denver
Subject: RE: Denver Area Housing

The housing market in Denver has been insane lately, up there with SF to give you a sense.  People have been going well over asking, writing personal letters or videos, waiving inspections, pledging cash over appraisal value...  Insane stuff.  That said, it seems like it's finally starting to slow down a touch, especially if you're not looking at one of the trendy areas.  There's finally a supply of new apartments coming on line, so it should mellow out a bit as that happens.  But definitely don't expect it to be sleepy and things go extremely quickly so you have to move fast if you find something you like.  The up-side is that you get to live in Denver

2015-11-12 10:26 PM
in reply to: dmiller5

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Elite
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Subject: RE: Denver Area Housing

Hi - I moved away from Denver about 10 years ago, and BOY! Am I glad that I did not sell my condo!  I look in on Zillow every now and then, and the condo is worth about 3x what I paid in 1998.    It has been a steady rental for all of this time (Capital Hill, central Denver).  2 bd/2full bath, historic building with a courtyard - I rent it for $1400, which I have been told is a steal and I should raise it.  I was told of new housing that goes for $3000/month for a beige box!

I imagine you could get a house mate or even find a house with an apt Possibility to rent.      Depends on what kind of neighborhood you want.   From Golden up against the foothills to downtown, there is a variety Of neighborhoods.     Access to bike trails is pretty good all over.  

Go go for it - Denver is awesome and I really miss it,    Considering it is the biggest city in a very large area, it has lots of amenities that you would attribute to larger cities -  sports, arts, outdoors, universities.   The population is well educated and fit.   Botanical gardens.   Great city park system.   Lite rail is growing.



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