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Updated over 7 years ago on . Most recent reply
RE: Input for Denver Market and Comps
Hello - I am considering homes for a primary residence with potential to airBnB or short term rental some of the space. I have seen one that may fit the bill (no pun intended). I am seeing comps in the immediate area that are between $60-80k less than the asking price of this house. This house has been remodeled however and some of the others have not; it is pretty move in ready. I have seen square footage prices both higher and lower than this one - it is probably relatively reasonable for this house.
There is new construction right across the street with base price homes in the same price range as this house - but with >1000 sq ft less, 1-2 less BR/no basement etc and an HOA. This is in the Denver area. The area adjacent to the property is undergoing major development.
Is it reasonable that I may be able to use the adjacent property comps in the future? This is a pretty decent house and my guess they could get full price or above - any suggestions on how to best assess this would be welcomed :)