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seglie@gmail.com wrote:
>I've been looking around to buy a place in the Highlands area
>(Denver, CO) for the past few months. I plan to put an offer down on a
>place in the next day or two but had a question for the experts. There
>is so much new residential construction going on in the area. I am not
>sure what to make of it. I have been looking in the townhome market and
>there are quite a few planned townhomes going in and hundreds of condo
>units going up. On one hand, I see the surrounding property value
>increasing but on the other, I am concerned about resale 2-5 years from
>now with all of the new places going in. Just wondering what the take
>was on the Highlands (specifically E. Highlands) and if it is a good
>investment to buy new construction where so much new has already gone
>up and much more is planned.
The only time a condo/townhome purchase makes financial sense is when the
housing market is hot or when you can buy for an extraordinarily low amount.
While Denver is not the worst RE market right now, I'd think there are far
better deals to be had on new entry level single family construction.
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Re: Putting and Offer on Townhome in Booming Area
