Boulder is a unique combination of local beauty and incredible people. It has a population of techies, college professors, students, graduates who never left, sports and health and fitness enthusiasts - a population who moved here from all over to be part of a life style that is "Boulder".
Condominiums in Boulder, near the University of Colorado, can be priced from $250,000. In my experience, however, the investments that make the most sense have 3 or 4 bedrooms and are priced from $400,000.
Homes on "The Hill" range from $600,000 to more than a million. These can also make sense as investments if they have 3 or 4 bedrooms and have the proper zoning for the number of bedrooms. The nearby Baseline subdivision, where values have been increasing over the years, has homes priced from $300,000 - $400,000.
Your child can get 2 or 3 of their friends to share the rent. At $600 to $700 per bedroom, you will find that you have a break even to positive cash flow, depending on the amount of the down payment, the loan amount and the interest rate on the loan. Check Comparable Sales which shows examples of past Boulder real estate sales, Rent vs Buy, which details the financial implications of buying a Boulder property and Featured Properties to see some of the properties currently available.
And please call if you have any questions.
Tom Kalinski - 303.441.5620.
