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April 2018 Market Stats
Buy vs. rent: Guiding clients through the age-old dilemma - Inman News
With millennials’ preference toward a mobile lifestyle, the question of “buy versus rent” is prevalent among a demographic that constitutes a large segment of our first-time homebuyers.
Furthermore, baby boomers are confronted with the same question for varied reasons that include a newfound desire to be mobile and investing in a market that is appreciating from the aftermath of the recent housing bubble.
Real estate agents well-versed on the variables that determine whether a client should pursue homeownership instead of a lease, are positively guiding people through this major life decision.
So posed with the question of whether to buy or rent, what is the answer?
If you do the math, buying in booming markets such as San Francisco, New York, Boston, Los Angeles and my hometown of Denver becomes less expensive than renting over time; plus, with property values rising, it is generally favorable to purchase a home as a long-term investment.
“Renters who want to become buyers hear the buzz that there is a frenzy in the real estate marketplace with multiple offers, over list price and low inventory, so they are nervous to enter into the homebuying market, and they are sticking to renting,” said Denver-area Realtor Brigette Modglin. <<Read More >>
Everything and more from Denver’s newest Lakehouse17
Denver continues to grow steadily on a daily basis, from the people who move here to the buildings popping up all over town, our beautiful city continues to grow and develop into a modern city. People come here for the comfortable way of life, the luxury of the mountains and outdoor lifestyle mixed with the extensive career choices this city has to offer. Not to mention that great work-life balance that more and more people want to have, Denver is a city allows people to find that perfect space of enjoying their job while also enjoying what the city and surrounding areas have to give.
With Denver being an ever-flourishing city comes more and more new additions and not just any new additions, some of the most top-notch ideas and concepts are finding their way to our front doors. Denver is looked to as a leading city when it comes to many things culturally so it’s no surprise that our real estate market is also one that gets the good end of the stick when it comes to new real estate developments.
One of the latest new additions coming to Denver is a beautiful eclectically designed development called Lakehouse situated on the south shore of Sloan’s Lake. This 206 high-rise development allows options for penthouse, condominium and row home living. Along with some incredible views and outdoor living spaces over looking Sloan’s Lake, Lakehouse offers a wellness center, a lakeside terrace, community spaces, private underground parking and storage, bicycle shop and an organic farm.
The one really distinct thing about Lakehouse is that it is the first registered project in Colorado to pursue WELL building standard. So what is WELL? It is the world’s first building standard focused exclusively on human health and wellness. There are seven areas of the WELL building standard: air, water, nourishment, light, fitness, comfort and mind. WELL takes all of these things and marries best practices in design and construction with evidence-based medical and scientific research. All of this research and design make for a living environment that is used as a vehicle to support human health and well-being.
If you could find a place to live that supported your work and live vision, while helping keep you healthy and happy, wouldn’t you want to move in their immediately? I know I would! Give me a call today and let me set up a showing for you at this stunning development, see for yourself why this new spot is one of the most sought after living spaces in Denver.
Lakehouse17