Every Spring, Denver experiences a boom in home sales, and this year is no different. Single-family homes increased in value tremendously last month as buyers and sellers raced to make deals. In February, average home prices were in excess of $500,000, and they continued with a substantial increase of 3.8 percent the following month, up to $522,227. In fact, single-family real estate has increased by 11.7 percent since New Year's Day.
Everybody is talking about Airbnb. Whether you're a vacationer or a homeowner, you may have considered how you can benefit from this interesting service in which homeowners make money by opening up the doors of their homes to become mini-hotels for random travelers.
If you're new to real estate investing and you've recently purchased a rental property that you plan to generate income from, don't forget to pay your taxes on this income. The amount of taxes you pay will depend on how you use the home.
Real estate purchasers in Colorado -- whether they are associated with a business or buying for personal uses -- must take care to ensure that the buildings or homes they buy are free of construction defects. This is especially the case with new construction, as that's when the most significant construction defects could still remain undetected.
Are you interested in renting commercial property? Are you concerned about finding a space that will suit your business needs, both now and in the future? Are you worried that you'll sign a lease that puts you in a bad spot?