The moment a consumer puts their house on the market, they want it sold. The process is complex and arduous. Sprucing up the home with repairs, repainting and even remodeling is time-consuming and expensive. As much as a homeowner wants to move, the uphill climb they face has many deciding to stay where they are.
Denver’s population continues to grow while land coveted by real estate developers is at a premium. While they benefit from an influx of residents, increasing property taxes are forcing them to get the most out of every dollar they spend.
In the parlance of social media times, Denver is trending as a destination to put down roots. Popularity with millennials has made the Mile-High City a fashionable place to reside.
A city booming with employment prospects and rising real estate values should be something a city should celebrate, and others should envy. For Denver residents, specifically soon-to-be or existing homeowners, the rewards of this significant growth may be overshadowed by the risks.