Colorado Real Estate News

Pro Tips When Buying Luxury Homes in Colorado

Luxury homes in Colorado provide class through features like modern architecture and gorgeous floorplans, though the real luxury of the properties comes from the beautiful locations. However, before you begin your search for a Colorado dream home, here are a few tips you should take into consideration. 

Location. Location. Location. 
The variety of landscapes that Colorado offers provide an array of lifestyles when it comes to purchasing a luxury home, from properties with close proximity to shopping in the city, like Cherry Creek, to more secluded, mountain living in areas like Estes Park. Determine ahead of time what type of location you’re searching for and you are sure to find your perfect luxury home in whichever area you choose. 

Timing is everything. 
Since 2021, the price of Colorado homes has increased 8.5 percent on average and continues to grow each year. Purchasing early can support a higher quality investment and a higher potential profit should you choose to sell the property someday. Right now, there still remains a very high demand for properties in Colorado. Ski town areas are running out of space for new homebuyers, fueling the price increase (Singer, 2022), and recently, there has been pushback from locals in ski towns calling for lease caps and loan programs due to the price surges (Sisson, 2019). Continue to monitor real estate news and announcements to determine the best time for you to buy. 

Prepare. 
With any purchase of a home, it’s important to have all your ducks in a row and come prepared when meeting with your broker. Speaking with a mortgage lender ahead of time and getting pre-approved will expedite the homebuying process. Having a reputable home inspector on call will also ensure you aren’t faced with mounting surprises after moving in. Seek broker expertise to find hidden gems. With videos and virtual tours being a large part of real estate marketing, most properties can be found online. However, for various reasons, when considering purchasing a luxury home you will find plenty of options without online listings in Colorado. High-end brokers prioritizing luxury and client relationships are the best choice to find your dream home. 

If luxury living in Colorado has caught your eye and you are looking to purchase a home in the Centennial State, contact a Kentwood Real Estate broker today.