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Larry Hotz, Kentwood Real Estate, Greenwood Village, Colorado

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You are here: Home / New Denver Homes / Affordable New Denver Homes Are Far Out

Affordable New Denver Homes Are Far Out

July 22, 2017 By Amy Ryan, COListings Real Estate 1 Comment

New Denver Home

This knockout new home is built by Mag Builders in Denver. The home itself can be built for around $600,000 but the price with a lot in a good neighborhood could exceed $1m.

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 Home

This affordable new home sold in Bethoud, Colorado just north of Denver. The home was sold by Richfield Homes for $449,825.

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.

A trade-off? 

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!

New Homes In Castle Rock

Lokal Homes is building affordable new homes in Castle Rock. Ready to move in home start from $515,000. Others might be built for less.

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.

Want some more ideas about where to look. Just contact me on this form below. I will answer your questions right away!

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Filed Under: New Denver Homes Tagged With: Lokal Homes, New Denver Homes, Richfield Homes

Comments

  1. The Phenix Group says

    August 11, 2021 at 9:29 pm

    Thanks for this wonderful post I really got a lot of valuable information through it, Very affordable Price.

    Rating: 5.0/5. From 1 vote.
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Copyright 2000-2023 by Loren Hotz Owner of All Denver Real Estate. All Rights Reserved. Loren (Larry) is a Broker Associate of The Hotz Group at Kentwood Real Estate. Some articles on this real estate blog were written by Brokers employed by various brokerages including Kentwood Real Estate as identified. Market statistics for the City and Denver Suburbs were provided by the Denver MLS search company, ReColorado.