When most people in Colorado think of a second home their mind captures the image of ski in / ski out mountain retreats. The second home market offers a great way to invest and enjoy a destination.
While mountain retreats certainly have their appeal, the rental periods ebb and flow in regard to tourist seasons and, as we have witnessed this year, snowfall. For many the best second home market is the one in the heart of Downtown Denver.
The Downtown Denver loft and condo market offers both a great corporate and rental opportunity and a way to experience the downtown lifestyle.
When the Glass House was launched many units were purchased by investors and second home buyers seeking a walkable location steps from Denver’s great many sporting events, restaurants, and activities.
The mountains have their ski in / ski out. The Downtown Denver location is a walk in / walk out version of this great feature. So much so that while Denver Urbanites were buying their ski condos mountain residents were buying their city condos.
Of course Denver does have a few great advantages. Downtown Denver lofts and condos allow for year round demand of both local residents and corporate rentals. Some highly sought after locations like One Riverfront Park and SPIRE are a favorite for short term rentals because of their great amenities and features including pools, spas, fitness centers, and more.
Of course the best amenity is the location. With a population that continues to grow many of these prime spots continue to see increases in their rental rates.
Combine this with low interest rates and there is a perfect opportunity for the Downtown Denver real estate market to generate future returns.
Often second home buyers look at their city purchase with both a short and long term goals. Many use it themselves to visit the city when the see a great game at Coor’s Field or take in a theater event. Others have plans to have a city retreat later in life when a night on the town can include a great dinner but not a multi hundred dollar hotel bill.
With a wise balance of planning ahead and enjoying today, the Downtown Denver condo and Downtown Denver second home is an excellent choice. Learn more about current opportunities today by contacting New Era Realty.