Ed: Denver Realtor and former custom home builder, Darren Crotchett , sells homes to suburbanites returning to the City.
I’ve talk with quite a few folks over the last few years that are hoping to make a move closer to the city from some of the suburban neighborhoods they’re living in now. Why is this?
There a some compelling reasons for people considering the move. The number one comment I hear is that, as nice as the communities are, you have to drive, in some cases, several miles to get to where the actions is at. Most suburban communities have plenty of amenities nearby, many of which, however, are more “corporatized” and not much is offered in the way of entertainment.
Although the suburbs have good school systems, many parents choose to send their children to special or private school that many suburban communities don’t offer. In some cases, private schools are more centrally located and getting kids to and from school can take most of the morning and afternoon when considering the commute.
Many people live in the outlying areas because it’s thought that you get more for your money. The average price per square foot of house is generally 20-30% less. That may not necessarily be the case. The price you pay per square foot may be less in the burbs, initially, but when you consider the time and money spent getting to where you really need to go, is it really a better value?
Fuel prices in recent months have skyrocketed and there really no end in sight. Some experts say the average price for fuel may rise to as much as $4.50 per gallon by midsummer (CBS News). When you calculate the amount money spent on the extra fuel, one may argue that you’re not saving any money at all, in fact it may be costing you more.
Most suburban communities are newer and don’t have the intrinsic character built into them like the older communities that are closer to the city. Along with those older communities comes smaller, non- corporately owned businesses that tend to attract people because of their charm and in many cases are located right in the middle of the communities where people live. Some examples would be quaint little restaurants, ice cream parlors, neighborhood bars and pubs, specialty shops and other smaller, mainly family owned business. These types of business generate a lot of foot traffic and tend to provide services of all kinds to people right within the community they live in; similar to the old “main street” of yesteryear, which are all but gone in the newer developments today. In communities like these, there is far more walking to where you need to go and little or no driving.
All things considered, I think folks are simply getting back to basics. People want to be closer to where the action is at and closer to the places they spend a lot of their time. They want to have more amenities at their disposal, and they don’t want to have to travel very far to get to those things that are a necessity every day in their lives.
Want more information about moving back into the City. Just contact me: