Blog

Mar
09
Renting vs. Owning in Denver and the Front Range

As you probably know, Colorado is a pretty great place to live. In fact, Denver was recently ranked #1 on the U.S. News and World's Report on the 2016 Best Places to Live. So Colorado's appeal isn't quite a secret. And though this means a lot of good things for the state, one downside is the increased demand for housing.

Rents in Denver, particularly for two-bedroom houses, are becoming unaffordable for many young professionals, families, and retirees. After the 2008 economic crisis, more and more people opted, or were forced, to rent instead of own. But this has meant huge demand on the rental market, thus driving up prices and reducing availability.

Denver, Boulder, and other Front Range cities are now recognizing the need for more affordable housing, but this is still a big issue for many middle-income individuals.

Though the housing market is also tight, the high cost and limited availability of rentals means that buying a home can sometimes be a better bet. And now that the economy is doing better, many people are ready to get back to the security of owning a home. Instead of throwing away money every month on high rents, putting that towards a home of your own can both ease the stress and uncertainty that comes with renting and set you on a path towards building equity and ending up with your dream home.

Our Cornerstone Townhome Community is a great place to buy when you want out of the rental rat race. Whether you are a first-time homebuyer or a retiree looking to downsize, the Cornerstone Townhomes provide outstanding amenities at affordable prices.

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If you're interested in learning more about the community and scheduling a time to meet with our sales office, call Kim Brown (303) 868-1296.


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