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Updated almost 2 years ago,
The Top 3 reasons why I invest in Westminster,CO...
Hey BP Community!
When it comes to where to investing in Denver, it can be quite overwhelming figuring out where it makes sense to make that big investment. There are several factors to consider when thinking about what neighborhoods to invest in..
1. Desirability - depending on your strategy, finding a location in which your guests or tenants will find desirable is critical to limit vacancy and maximize revenue.
2. Price - an obvious one, but where does your money go the farthest without compromising potential rental income.
3. Natural Appreciation - this is a big one. Figuring out where the next up and coming neighborhood is, before everyone else finds out about it, will put you on the fast track to wealth building.
Southern Westminster checks all of these boxes. This centrally located neighborhood offers easy access to major highways such as 36, 25, 76, 70, is 10 minutes from downtown, and very accessible to the mountains is perfect for someone wanting to see all Denver has to offer.
With entry level prices of $450k-$550k for a single family home makes this area a great starting point for someone with a limited budget.
Lastly, I believe natural appreciation is coming to this market in a big way over the next several years. Although these neighborhoods may not be the best looking currently, 5-10 years from now, I believe they will take on a very different look. With the neighborhoods just south of here beginning to be unaffordable (Highlands, Sloans lake, Berkeley) for your average home buyer, the bubble must expand outward. New SFH's/Condos/Townhomes are already beginning to take over in this area, and is just a matter of time until southern Westminster follows.
Thanks for reading!