Affordable new Denver home prices are astronomical. Folks often just have to venture out to the furthest suburbs and away from the Denver city limits to find the most affordable new homes for sale.
Where is an affordable new Denver home?
In many cities across the nation, the real estate market took a pretty big hit from the last recession. Home prices within the city proper have appreciated much faster than those outside of city limits. This gap has presented an opportunity for new construction home buyers to get more affordable prices outside city limits. And, they can find more home for the money at less cost-per-square foot than in urban settings. Also, the cost of land in the better Denver neighborhoods can be up to $800,000 just for a small city lot. Compare that for lot costs in the farther suburbs at less than $60,000 per developed lot.
Affordable new Denver homes are priced lower in farther out areas due to lower costs of the land. Home materials, features and building costs don’t change when you venture out beyond the city. But, the cost of land does. These higher land costs are reflected in the overall price of a newly constructed home in the City of Denver. It’s hard to find a new home in Denver for less than $800,000 these days.
But, if you can venture to some of Denver’s picturesque exburbs like Bethoud, Colorado or Elizabeth, Colorado you could score a sweet deal on a new home.
While a brand new home farther away from the city might require a longer commute to work, suburban home owners enjoy a bigger house for less money. Plus, you may be closer to schools, family activities and recreational facilities. It’s a great communal atmosphere that comes with being part of newly–developed neighborhood centered around the family and more natural surroundings instead of the hustle-and-bustle of a city.
Of course, every home-buyer will have to weigh the pros and cons of whether or not a fabulous, larger home with more privacy at an affordable price is worth the trade-off. That is being farther away from work and the easy access to everything that Denver provides.
A house is a home, plus a whole lot more!
For some, the savings increase by traveling farther out a bit more to a new home development. For them, it is a no-brainer to buy a larger house in a beautiful, new, suburban neighborhood. Still, others believe that homes in a suburban development lack individuality and uniqueness. Nothing could be farther than the truth. Nowadays, new construction communities offer many different floor-plans. And, the myriad exterior designs let the homeowner customize their dwelling to suit their individual style and comfort. Many master-plan communities even offer clubhouses, pools, clubs, bike and hiking trails and other amenities that are almost non-existent in the heart of Denver.
Now, more than ever, new home buyers are willing to travel a little to have great options at more affordable prices. An affordable new Denver home can still be found. All you have to do is stretch your boundaries.
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The Phenix Group says
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