Denver's city structure is all about the neighborhoods – learning your way around the neighborhoods will help you determine the area that will suit you best. As the premier company for Observatory Park real estate, our team of experts have a wealth of knowledge with the devoted personal care and attention you need when buying or selling homes in Denver. Let us guide you through the process – we will be by your side and available to you at any time with advice, answers to questions, and experience in the industry.

Learn More About Denver's Neighborhoods

Our neighborhood guides can help you find the right area for you and your family. Specializing in the surrounding areas of University Park, Denver, we know what matters to our clients. Learn more about what each neighborhood has to offer – schools, activities, market trends, and of course, our favorite breweries. Explore each neighborhood guide to see the available homes for sale – contact us at any time for more information.

Sign up to receive our quarterly market trends analysis for your neighborhood – learn more about the value of your home or the potential of the area you live. 

 

Learn More About Dave Easton and Elevation Realty


Why You Should Get a Home Inspection Before Buying Lowry Park Real Estate


February 21, 2018

When you find the house of your dreams and are ready to purchase Lowry Park real estate, it’s easy to get caught up in the excitement of a new home. Although this is an exciting time, it’s no reason to overlook one of the most important aspects of purchasing a new place: the home inspection. The home inspection is a critical part of the buying process that can save you a lot of money down the road.

It’s important to note here that there is a big difference between an appraisal and an inspection. An appraisal is an unbiased estimate of the value of a property made by a professional appraiser. This information is required by your bank when they grant a mortgage loan for the home.

An inspection is a closer look at the condition of the home as well as its components, such as plumbing, roofing, HVAC, electrical, and so forth. It uncovers problems with a home before you sign on the dotted line. You can either ask the sellers to fix the items or adjust the purchase price accordingly. One cannot substitute for the other.

Here are three important reasons why you should never skip the home inspection part of the home-buying process.

#1. You Can’t Judge a Book by Its Cover

This old adage holds true for a home as well. Just because a home appears to be well kept doesn’t mean there aren’t problems lurking below the surface. Even a newer home can have problems that aren’t visible to potential buyers during a home showing.

#2. You Can Save Money in the Long Run

The average home inspection runs about $300 to $500. This might seem like a chunk of change—especially in light of all the other expenses that go along with purchasing a home—until you realize that a home’s electrical system needs to be rewired to the tune of thousands of dollars. Suddenly that home inspection fee seems relatively inexpensive if it can save you from big expenses later on.

You can also include language in the purchase contract to enable you to back out of the deal based on the results of the home inspection.

#3. You Might Be Able to Negotiate a Lower Price

If a home you are interested in is at the upper end of your price range, issues uncovered during the home inspection might give you enough bargaining power to negotiate a lower price.

Another option is that you might be able to get the sellers to make the repairs to your satisfaction before the sale goes through.

Are you in the market for a home and ready to purchase in Lowry Park or Lowry Field? If so, it’s time to get in touch with the professionals who can help you through the entire process, including the home inspection. Contact Elevation Realty to be connected to a team of experienced real estate experts who are ready to share their expertise to make sure you make a good purchase on your next home.
Read More...