We all know that Denver is one of the most beautiful and famous cities in the U.S. From its breath-taking landscapes, tourist hot spots, mouth-watering local foods to affordable housing, owning a little piece of land here is a dream for many. Whether it is your first time buying or investing in land and property or not, there are some things you should consider. Job opportunities, the housing market, and location are just some of the few things to consider.
Wondering how much will taxes cost? Here’s a secret that not many know about, 28% is the current rate, but it drops down once your home is constructed. Yes, you read it right! It drops down once the land or property undergoes construction.
This is one of the most important aspects to keep in mind when doing land hunting. You can do this yourself, just bring your car and drive around Denver and spot land or property that you think is the perfect spot for your dream house. However, there’s a good chance that you won’t be able to find it in just a day of hunting. This is why it is crucial to hire a professional real estate agent or land broker to help you and make the process even easier for you. They’ll help you find available land and will have good knowledgeable of the land you’ll be looking at. They can tell you how far or near you are to specific essential locations such as schools, grocery stores, restaurants, and more.
An agent can help you look for multiple properties, educate you about the neighborhood, property insurance, and other amenities or real estate properties you’ll be viewing. In this way, you’ll also educate yourself on these important things before you decide to buy land.
Denver is set to be a hot market for job opportunities. The city even ranks as the second-best of the hottest job markets in the nation based on Nerdwallet rankings. More universities in Denver are producing young professionals in healthcare, IT, agriculture, and in a robust aerospace industry. It is not surprising that more companies are starting up, which significantly affects the metro area’s job growth.
For these reasons, the demand for quality housing is even stronger in a city where half of the population rents, there’s a whopping 52% increase in average rent—attracting more real estate investors to buy and invest in land in Denver. A large pool of renters in a solid job market will be motivated to enter the housing market and escape the world of rising rent.
By now, we hope you know that buying land means privacy and potential wealth. Buying in the Denver area means enjoying great weather, diverse culture, and the great outdoors. Use what you have learned here to make home ownership a reality for your family.
Call us today and we will help you every step of the way. Why choose one agent when you can get the power of two. We know Denver like the back of our hands: (720) 352-7704 or [email protected].
Scott Jensen, a Denver Native, started his Real Estate career off investing. He owns multiple properties from Mobile Homes to an Apartment building. He has built, developed, and helped many clients buy and sell.
Lisa grew up in Fort Collins, Colorado and moved to Denver in 1999. She loves this city and can’t imagine living anywhere else. Real estate investing is what brought Lisa to be a real estate broker.
