Homes For Sale in the Montclair Denver Neighborhood

In the Denver commercial real estate market, not all properties are created equal. There are the can’t-miss properties that any investor would be thrilled to purchase. Areas in hot and happening neighborhoods around Denver are seen as a good-buy, especially if you can get property that is in the midst of a foreclosure. But there are also areas and other factors which can turn commercial property in the mile high city into a less-than-desirable situation. If you’re in the market for purchasing commercial property in the metro-area, here are a few of the things you need to be aware of.

High Crime Areas

Neighborhoods which suffer from a higher-than-normal crime rate are areas which an investor should seriously consider avoiding, unless certain factors make the property too attractive to resist. If a building has good bones and is the desirable amount of space and design for investors, it may be worth considering purchasing this type of property as a long-term investment to have in one’s portfolio. However, if a person or group of people are seeking a short-term project, these areas should generally be avoided.

The Property Has a Poor Foundation

You’ve just uncovered incredible property in one of the best areas of the city and you’re wondering how this place could possibly be available. You’re overjoyed to have found the last hidden gem, when you discover the property’s dark secret: the foundation is cracked and may need to be replaced. This can spell death for any possible purchase, especially if an investor was not looking for a fixer upper scenario. If commercial real estate has extensive repair-issues, it’s very possible you may need to look elsewhere in your search for a solid asset. 

The Property is Overpriced

Ok, this may seem like an obvious statement to casual observers, but it’s important to consider the price as one of the biggest factors prior to investing. Clearly, a person doesn’t want to pay more than market value for any property they happen to invest in. Get a clear appraisal from a trusted source before you dive head first into any commercial real estate project in Denver. 

Though it may seem like a seller’s market and you’re at the behest of the property owner, you can still do due diligence and get an accurate assessment of the situation before investing lot’s of money into the project. Always do your homework before dropping a lot of money onto any project, no matter how attract it appears to be. 

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.
 

When you work with Elevation Group to buy or sell your Denver area home, you won’t just be confident you’ll find the ideal picture window, study, pantry or child’s bedroom you’ve been after. You can also align your sale or purchase with us with the confidence of knowing that our team prides itself in the ability to stay up to date on all the latest Denver real estate trends —and utilizes that knowledge to remain a critical asset for each of our clients. With that said, 2019 has started off as a great year to buy a home in greater-Denver, thanks to both a surge in available homes and condominiums, and a buyer-friendly market that hasn’t been seen in nearly a decade.

According to a report released in the first week of March, 2019, the median price of for sale homes fell just over two percent from February of this year to an average price of $430,100. The Denver Metro Association of Realtors indicates that the drop marks the first price drop for single family homes in the greater-Denver metro area since 2012.

What's causing this precipitous drop? It starts with the fact that it's a buyer's market. Homes across the greater-Denver residential real estate market, from those in Holly Hills and Goldsmith to Hale and University Park, are widely available either as new builds or modernized renovations. As such, buyers are gaining more control of the local real estate market, much to the chagrin of sellers. 

In April of 2018, the average cost of a single-family home in the greater-Denver area peaked at $455,000. Last months data is indicative of a nearly six percent decline from that high. The trend is similar for residential condominiums, who have seen an approximate drop of three percent in average sale since May of 2018. 

Another factor that occasionally impacts the Denver housing market is weather. And despite the abnormally disruptive cold and snow experienced by the region this winter, weather isn't believed to be a factor this time. In fact, recent sales data indicates that residential sales of both homes and condos roles nearly five percent from January to February. Another indicator that sales aren't drooping is the fact that an average residential home listing in Denver still only spends an average of 39 days on the market thus far in 2019.

Some strategists believe that only a drop in overall housing prices can regain ground for the region's residential real estate brokers, particularly as the number of available properties remains steady.

Looking to align yourself with a realtor in Denver who will always be in your corner? Contact the Elevation Realty Group team today to set up a free consultation where we can confidently and confidentially discuss your residential or commercial business needs. 
 

The Denver real estate professionals here at Elevation Group don’t just pride themselves in the neighborhoods they serve —they live in the them too! That’s why we’re always happy to tell our commercial and residential real estate clients all about the wonderful communities that we serve. In fact, our team works exclusively with other local businesses to offer neighborhood specific market trend reports to help you and your family determine which particular Denver-area community suits your precise needs. From Hale, to Goldsmith and, on to Observatory Park, our competent team of commercial and residential real estate professionals knows the numerous perks of the entire Denver region. Denver’s bustling arts culture, well-regarded school system, and array of new professional opportunities have helped make it one of the most desirable locations in the United States. But you already know that!

Montclair:

Complete with numerous examples of Victorian architecture, Queen Anne style homes, and quaint bungalows, Montclair is one of the most charming neighborhoods in the central United States. Officially declared a historic district by the Denver City Council in 1975, Monclair was among one of the first neighborhoods to in the U.S. to seek such landmark status. Residents can choose from remodeled homes in the Tudor revival tradition, or choose from a variety of Ranch-style homes, each of which offers a comfortable, cozy atmosphere in one of Denver's most family-friendly, walkable neighborhoods. 

Hale:

Denver's Hale neighborhood is one of the region's most rapidly-expanding communities, rife with some of the most affordable and equitable opportunities for the purchase of both residential and commercial property in all of Colorado. The neighborhood lies in close proximity to popular local and visitor destinations like the Denver Botanic Gardens, Denver Zoo, Denver Art Museum and LoDo district. Hale's burgeoning development means both first time home owners and new businesses may be able to get affordable new construction rates on their home or business. 

University Park:

Home to a wide variety of young professionals, Denver's University Park neighborhood features a wide variety of  bars, restaurants, coffee shops, and parks in an active urban setting. University Park is home to a burgeoning culinary scene and active nightlife, juxtaposed with a bustle of daytime activity like outdoor fairs, festivals and concerts. Ideal for the recently-relocated professional, University Park is as comfortable as it is fashionable, and relaxing as it is eccentric. 



Which Denver-area neighborhood has charmed you during your search for your new home or business location? Contact the team of Denver-area real estate professionals at Elevation Group today to take a tour of any of our listed properties or to ask any questions you have about the greater-Denver community. Elevation Group is proud to have established itself as one of the Denver metropolitan area’s most well-regarded, experienced, and successful real estate firms —and we can’t wait to share our experience with you. 
 

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.