From the rolling greens of University Hills, to the stately ambiance of Hale and Montclair, Elevation Reality is proud to provide home buyers from across Denver, Aurora, and Littleton an array of options when it comes to choosing a new home. Our years of experience has taught us a thing or two about the home buying process in and around Denver, experience which has provided us with a wide variety of tools when it comes to making one of the most important financial investments of your life. Buying a home can be an emotional process, so choosing a savvy, professional real estate team like Elevation Reality can help separate some of the emotion from the process to ensure you're not just choosing the right home for you and your family, but that you're also making a sound financial investment, the value of which will grow with time. 

What is the History of the Property? 

Make a thorough inquiry about the history of the home you’re interested in, including all structures both above and below ground. The realtor who is selling the property should make any and all records available to you regarding construction dates, past damages, or problems with the property or land on which it sits. Due diligence can go a long way in ensuring you get the best value for your dollar. 

Are There Any Neighborhood Changes Planned?

The greater-Denver area is a region in constant flux. Make sure you inquire the home seller about any forthcoming changes to the neighborhood, traffic routes, neighboring commercial ventures or recreational space. Major changes to neighborhoods or traffic infrastructure can significantly alter property values —so it’s a good idea to stay as up-to-date on these changes as possible prior to committing to a purchase. 

What Don’t You Like About this Home?

Learning everything about a property also means learning what’s less than desirable about it. In fact, it’s one question that will let a realtor know if you’ve done your homework. After all, not every home is perfect. Learning about what’s less-than-ideal about a home, property, or neighborhood doesn’t just yield potential negotiation points, but also what investments you may need to make in the future. 

Don’t make your first or most recent home purchase on a whim. Make sure you have an established, professional and successful realtor in your corner. When you work with the team here at Elevation Reality, you can rest assured knowing that your purchase will be a sound investment that won’t only provide you and your family a place to gather for years to come, but one that is also a savvy financial decision whose affordability and value potential will act as a sound financial investment for decades to come. Contact Elevation Reality today to speak with one of our professionals about home purchases in Goldsmith, Holly Hills, Hale or Hilltop —or any Denver-area community you’ve had your eye on. 
 

Entering the field of commercial real estate in Denver can be a tricky prospect, as there are endless opportunities for investment. Of course, not all of these are the types of projects you’d like to invest large sums of money into, as many will end up being less-than-ideal properties. In order to assess which properties are valuable and worth pursuing, it’s important to understand and be aware of the many characteristics which make up the best commercial real estate properties. With that in mind, here are some of the key details to look for when searching for your next commercial property.

Location

Ok, to anyone with the slightest amount of knowledge of the commercial real estate market, this piece of advice may seem obvious. But it bears repeating, as the location of your potential property can make or break whether your investment ends up being lucrative or an endless burden that you can’t wait to rid yourself of. Ideally, you want to invest in an area that has begun to show signs of development and has an overall upward trajectory in terms of the neighborhood. Signs to look for include new homes being built, new businesses moving in, and a general vibrant atmosphere which surrounds the area.

Rents Nearby

One huge thing to look out for when you’re seeking your next big investment in the commercial real estate space is to research comparable properties in the same neighborhood, specifically when it comes to how much tenants are paying. This will allow you to get a rough estimate of what you can expect to earn in terms of rental income, and can provide you with a valuable amount of insight into whether a project will be worth your time. You can’t bank on the market always going up, so playing things conservative as much as possible is a wise decision when it comes to the investment space.

Condition of the Building

You may have found the perfect spot for a new investment, as you’ve located a property in one of Denver’s hottest areas for a reasonable price. There’s just one catch: the building is in disarray and requires a serious amount of renovations. This factor can turn a desirable property into one to be avoided at all costs, as the investment required to turn the building around may be much more than the value of the property itself. Never go all in on a property that will cost you dearly in maintenance costs. 

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.

There was a time when investing foreclosed commercial real estate in Denver, Aurora, Littleton and surrounds meant nothing but a headache. After all, investing run down buildings in less-than-desirable neighborhoods that are in desperate need of renovation is a terrific strategy to lose money, not make it. However, it’s safe to say that times are changing now. Across greater Denver, there are a wide variety of desirable commercial properties facing foreclosure that represent sound investment opportunities for investors and developers alike.

The reasons for this change are multi-faceted. Ten years ago, commercial lenders rarely dealt with commercial foreclosures. Now, they're relatively commonplace. The skyrocketing rate of commercial real estate mortgage defaults has required that banks become more flexible in order to get non-performing and/or unpaid loans off their books. By following these simple tips, and by relying on the expert commercial real estate team here at Elevation Group, you can wisely purchase a commercial investment property that’s free of headaches and red tape. 

Establish Contacts

Some of the most promising commercial real estate transactions come through properties sold through short sale. A short sale is a sale of real estate in which all of the proceeds from the property sale fall short of the debts secured by liens against the property. In circumstances such as these, sale can be made if all lien holders agree to accept less than the amount owed on the debt. The trouble with short sale commercial property transactions in and around Denver is that they’re not easy to come by. Establishing contacts at mortgage companies such as Elevation Group, and researching courthouse listing and legal ads can give you a heads up on such sales. 

Exercise Patience

One of the key differences between investing in commercial real estate and investing in residential real estate is that the process takes significantly more time. Expansions and renovations of foreclosed commercial properties can take months as opposed to weeks. Additionally, finding suitable tenants for an investment property is far more arduous that finding residential tenants. Partners like Elevation Group can give you an advantage when investing in commercial real estate in and around Denver because of our years of experience within this market.

Do Your Research

It may seem obvious, but many new commercial real estate investors fail to truly understand the demographics and trends in the Denver neighborhood they are planning on investing in. Whether you're searching for a commercial condominium in Park Hill, a retail space in the River North Art District, or a mixed-use development in Cherry Creek, understanding the history, demographics and cultural trends of the area is paramount in any commercial real estate venture.

At Elevation Group, our team prides itself on the personalized attention and dedication we provide each of our clients throughout the entire commercial real estate sale or purchase process. If you're interested in investing in commercial real estate in and around Denver, or if your interested in purchasing a property for your own business endeavor, Elevation Group is proud to be one of the region's leaders in commercial real estate sales. Contact us today to discuss your purchase plans and receive the most reliable and up-to-date information on the Denver commercial real estate market.
 

Thinking the Denver commercial real estate market was going to slow down in 2018? Think again. The market continued grow, as the real estate boom has not shown any serious signs of slowing down. The cost to lease commercial real estate space reached its highest level for the Denver market, hitting an estimated $19.34 per square feet at the end of 2018. This is a positive signal to investors looking to dip their toes into the marketplace, as Denver commercial real estate continues to be a hot commodity worth investing in. 

Matt Vance, the director of research and analysis for real estate services firm CBRE, openly wondered if the commercial real estate market will ever trend downward. The current bull cycle for the marketplace doesn’t show any serious signs of a slow down, and it appears the current marketplace still has plenty of room to grow. Denver has grown significantly in the last decade, due to a number of factors including marijuana legalization, a booming economy, and an influx of new residents moving into the area.

To give you an idea of how hot Denver commercial real estate was in 2018, more than 700,000 feet of retail space was gobbled up by tenants during the 12-month period. Meanwhile, vacancy rates have remained at 7.2 percent, despite the fact that there are plenty of new developments which have increased the total amount of space available in the marketplace. Retail and office developments continue to be something worth investing in, as the cost of office space has ballooned to an all-time high of $28.34 per square foot. Although 2.9 million square feet of office space was sucked up by tenants, and all of this with approximately 3 million square feet still under construction across the overall Denver marketplace.

Prices in areas such as LoDo, RiNo, and the LoHi neighborhoods continue to climb, as these parts of the city are seen as attractive places to have a business. Young professionals a drawn to areas with plenty of restaurants, bars, and shopping nearby, and these parts of Denver are certainly awash in these kinds of businesses. Many individuals and companies who purchased property a few years ago have already seen the overall price of their property appreciate to an incredible degree. Indeed, commercial real estate remains one of the most trusted and dependable ways to invest your money, and the marketplace doesn’t appear to be slowing down any time soon. 

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.
 

The mile high city has loads of benefits for residents and businesses alike, as a thriving and booming economy has created serious financial returns for those who own homes and increasing the opportunities for skilled professionals. Denver has become a hub for technology-based companies, startups, and many other businesses seeking to make their mark in a city where their impact can truly be felt. Denver is a fantastic option for those seeking to make an investment in commercial real estate, and here are a few of the main reasons why.

Terrific Economic Outlook

In terms of economies in the United States, Denver is certainly near the top of the pack, with an unemployment rate near the lowest of all major cities in the US. For prospective job seekers, Denver offers a wide range of opportunities for individuals with a unique skill-set as well as those seeking less-skilled jobs, such as the service and retail industries. USA Today recently ranked Colorado as having the best economy of any state, showcasing how strong our economic outlook really is in the Centennial State. The With a population made up of many young professionals with expendable and disposable income, making Denver commercial real estate a great option to consider for firms and individuals seeking to create a valuable asset. 

Consistent Growth

According to a study by WalletHub, Denver’s economic growth remains strong and robust, giving investors in the commercial real estate sector a strong reason to consider making an investment in the marketplace. Even though growth has been strong for the past few years, Denver’s pace of growth hasn’t slowed down much and the mile high city still ranks fifth for all large cities in the United States. This study analyzed a number of economic and other types of metrics in order to determine which cities have the best economic growth in 2018.

Some of these factors including things such as the amount of growth in the college-educated population, the overall unemployment rate, and other various factors in order to determine which city is growing economically. Having an economy that is growing, especially with a skilled young professional population, is essential for making commercial real estate a viable option for investors. Retail and business real estate is only as valuable as the market which surrounds it, as the population will ultimately be the determining factor to how successful a particular asset will be. In this regard, Denver remains a sound market for commercial real estate investment. 

If you’re seeking a qualified and knowledgeable real estate firm in the Denver area to assist you through the property investment and development process, Elevation Group is your preferred choice in the mile high city. We offer expert advice and help from start to finish in order to ensure your commercial or residential project is a smooth success, providing you with the needed peace of mind to make your dreams a reality. Contact us today to begin the process of building your dream property development.