The bustle around our city is getting exciting. With all the new construction projects that are happening in every neighborhood, it’s easy to see the results of Denver’s growing popularity. The current real estate market is being dominated by new construction and here are some amazing projects happening right now!
Ten10 Brownstones, are sophisticated townhomes in the heart of the Golden Triangle. Seventeen brownstones, with a contemporary spin on design, are planned at the corner of 10th and Bannock St. Exterior materials will consist of floor to ceiling glass windows, sandstone, and brick which provides an exciting mix of warm and cool elements while also capturing the abundance of Colorado's predominantly sunny days. Each unit offers 3 beds/3.5 baths, 2 car attached garages, generous rooftop decks, private balconies, gas fireplaces, 10ft ceilings and sleek high-end finishes. Appointments include custom flat panel cabinets, Quartz type stone countertops, designer tile, European style glass shower doors, four piece designer baths, and open floor plans. Priced from mid-500’s and square footage ranges from 1895-1995 square feet. Construction is estimated to commence in February 2014 and completion is estimated for October 2014.
University Park Row
Designed and constructed by Sprocket Design-Build, the University Park Row Homes are located at 2170-2180 South Josephine Street, one block east of D.U. There are 12 townhomes ranging 1,331 - 1,354 square feet, and each townhome has 2 bedrooms, 2 baths, an outdoor deck off the master suite, and a 2 car attached garage.
These stylish living spaces emphasize light and volume with open floor plans, oversized windows, and vaulted ceilings. Each plan’s interior palette has been created by noted Denver interior design firm MCdesign. Each row home also has a private deck with Trex decking. Decks range in size from 137- 186 square feet, are pre-wired for outdoor speakers and plumbed for water and BBQ gas grills, making them perfect for outdoor entertaining.
Don’t miss out on getting into these great neighborhoods!
For more project information visit: www.TEN10Brownstones.com and
Thursday, January 30, 2014
Monday, January 13, 2014
Experts predict that with the recovering economy, a shift in Federal Reserves, and rising home values, interest rates will reach above 5% in 2014. With a steadily growing housing market, buyers shouldn’t allow rising interest rates to deter them from buying a home.
Here are four reasons buyers shouldn’t let rising interest rates affect their home search:
1. Mortgage rates rising but they are not reaching drastically high levels.
Looking at interest rates in a historical context helps put our rising interest rates in perspective. Close to a decade ago, a 30-year fixed rate mortgage was around 5.24%. The dramatically low rates due to the housing market crash has made 5% seem like a huge increase but it is normal for a healthy housing market.
2. Housing inventory increases.
Nationwide, home values are hitting a 7 year high and have continued to increase for 17 consecutive months since last year. New construction also continues to dominate the market, creating an increase in the supply of new homes.
3. Less competition from investors.
Real estate investors, who like to buy cheap cleaned up in the wake of the housing market crash. They often bought up reasonably priced properties before regular homeowners had a chance. With home prices rising, experts are predicting that investors will slow down their buying leaving more inventory for individual home buyers.
4. Federal Reserve’s tapering.
Mortgage rates have started to steady, and the tapering of Federal Reserve regulations signals a recovering and strengthening economy.
For more information visit: http://finance.yahoo.com/news/4-reasons-you-shouldn-t-worry-over-rising-mortgage-rates-223016788.html
Friday, January 3, 2014
What makes Denver so great?! Current residents already know. The rest of the country is starting to catch on to Denver’s sheer awesomeness, and as a result many are making the move to our fair city.
The influx of so many new residents is due to an increased desire of homeowners to live in a more affordable city. Denver represents the best of both worlds: it offers the food, culture, activities, and quality of life that are on par or exceed that of coastal cities like New York, San Francisco, and Boston, while at the same time maintaining a healthy affordability factor.
What is creating this draw?
1. The mix of affordability, quality of life, a burgeoning downtown, and open spaces.
2. The growing young population is encouraging the development of apartment and residential projects. Denver has tied Seattle for the third-biggest increase in 25-34 year old residents from 2008-2012.
3. Colorado is home to some of the nation’s most popular skiing destinations, not to mention the great food scene, art galleries, bars and nightclubs.
4. New companies that are seeking an educated workforce are helping to drive the unemployment rate down lower than the national average. In October Denver’s unemployment rate was 6 percent, compared to the 7 percent nationwide average.
All of this new growth is being seen in the housing market as well. The median sales price of a single-family home in Denver has raised 9.7% since the third quarter and the number of days on market has dropped significantly. Home prices are beginning to top the height of the 2006 market.
New resident, Lyndsey Lodha said “We were impressed by the burgeoning food scene, young, professional population, as well as the diversity and growth,” and “the cost of living is lower than other major cities, which allows our dollar to stretch a little farther. Denver really does have everything we are looking for in a forever home.”
For more information visit http://www.bloomberg.com/news/2013-12-31/denver-real-estate-booms-as-ski-slopes-trump-nyc-bustle.html