Home appreciation is a tricky thing, there are so many factors that play into it. Most people know that location is a key contributor to home values, but did you know that the number of bedrooms, garage space, and model type contribute as well? Right now, Denver is a really great market for sellers. It seems that houses all over the metro area are selling easily, but what will the market look like in 5-10 years? Obviously, personal taste is going to dictate what kind of house you buy, but this article gives great insight into factors that will help with your home appreciation. It may be worth while to have a look before making such a big investment.
How are homes appreciating in Colorado versus the rest of the United States? According to Trulia, most of the country still hasn’t recovered from the recession less than a decade ago. Contrastly, Denver has surpassed their pre-recession home value, only about 1/3 of the country is in this category. Case in point, Denver is appreciating at about a 12% growth rate at the moment. That’s pretty surprising, more than half have a ways to go! It just goes to show how long it can take for the economy to fully swing around.