Denver real estate is a great investment, but it is crucial that you conduct your home search very carefully before buying a property. You have heard it many times - location, location, location. One of the most important considerations in your real estate search is the neighborhood. The Denver area consists of an eclectic mix of communities that appeal to everyone, but you will need to do your research to find the right community for you.
Here are some things to consider:
Home Type - Make a list of the characteristics you are looking for in a home. This will be very important in during your home search. Some things to consider include your target home's age, size, architectural style, and much more. Once you have finished this, choose a Denver neighborhood has many homes that will fit your criteria.
Location - Determine if this is a neighborhood you would enjoy living in. Consider the neighborhood's distance to your workplace, and how far away it is from your favorite shops, restaurants, parks, entertainment venues, and public transportation. Take a test drive to and from work to get an idea of what your commute would be like. Before you decide on a neighborhood, visit the area at several different times of the day to evaluate its noise, traffic, congestion, etc.. As you look around, be sure and notice the neighborhood's curb appeal and landscaping to ensure that they are generally well maintained.
Budget - What is the median home price and property taxes in the Denver neighborhood you are considering? Is this going to fit into your budget? Don't get in over your head just to get into a certain neighborhood, so consider your finances closely. Sometimes a home that is located only a few miles down the road will be much more affordable. You need to able to sleep at night after you purchase the home. For example, Park Hill homes or City Park homes are less expensive than Cherry Creek North homes.
Demographics - What are you looking for in a neighborhood? Are you looking for a highly-regarded neighborhood with high incomes, a diverse neighborhood, or a family-friendly neighborhood? What demographic makeup appeals to you?
Research - Do some research on the neighborhood's home values. Have property values in this area increased or decreased in recent years? You should also research a potential neighborhood's crime rate, homeowners association, schools, churches, medical facilities, and anything else that is important to you. A knowledgeable Denver real estate agent will be able to assist you with this step.
These are all crucial things to consider when selecting the best Denver neighborhood for you. Good luck in your Denver home search!