Real Estate in Denver, Colorado
Last updated on Apr 09, 2023
Summary: The most desirable neighborhoods in Denver, United States are Cherry Creek, Washington Park, Highlands, and LoHi. The average cost to buy a nice 2 bedroom home in Denver is around $400,000 and a nice 3 bedroom home is around $500,000. These properties typically include modern amenities such as stainless steel appliances, granite countertops, hardwood floors, and updated bathrooms. There are no restrictions on foreign ownership for properties in Denver. An expat should search for a home to buy in Denver by researching the different neighborhoods, looking at listings online, and visiting the neighborhoods in person. It is also important to consider the cost of living in the area, the local schools, and the amenities available.
What do I need to know when buying property in Denver?
When we asked expats what advice they would give a foreigner before buying a property in Denver, they said:
"When buying property in Denver, it is important to research the local market and understand the current trends. It is also important to consider the neighborhood and the amenities it offers. Additionally, it is important to understand the local zoning laws and regulations, as well as any potential tax implications. It is also important to consider the cost of living in the area, as well as the availability of public transportation and other services. Finally, it is important to work with a qualified real estate agent who can help you navigate the process and ensure that you make the best decision for your needs," said one person in Denver.
Are foreigners allowed to own property in Denver?
When we asked expats what advice they would give a foreigner before buying a property in Denver, they said...
"Yes, foreigners are allowed to own property in Denver, Colorado. There are no restrictions on foreign ownership of real estate in the state of Colorado. However, foreign buyers may need to obtain a tax identification number from the Internal Revenue Service (IRS) in order to purchase property in the United States. Additionally, foreign buyers may need to obtain a visa in order to stay in the United States for an extended period of time," said one expat in Denver.
What appliances are typically included in a rental?
We asked foreigners in Denver what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included:
"Rental properties in Denver typically include a refrigerator, stove, oven, dishwasher, and washer and dryer. Some properties may also include a microwave, garbage disposal, and air conditioning," remarked one foreigner who made the move to Denver.
Additional Information about Searching for a Home in Denver:
We asked foreigners in Denver what appliances are typically included in a rental, and, if there is anything else included or not included that a newcomer would not expect. Replies included...
"Expats looking for homes in Denver can search online for real estate listings, contact a local real estate agent, or attend open houses to get a better feel for the area. They can also search for rental properties on websites such as Craigslist or Zillow, or contact a property management company to find out about available rentals. Additionally, expats can join online forums or Facebook groups to connect with other expats in the area and ask for advice on finding a home," explained one person living in Denver, the United States.
About the Author
Joshua Wood, LPC is one of the Founders of Digital Nomad Exchange and serves as Co-President of Expat Exchange. Prior to Expat Exchange and Digital Nomad Exchange, Joshua worked for NBC Cable (MSNBC and CNBC Primetime). Joshua has a BA from Syracuse and a Master's in Clinical and Counseling Psychology from Fairleigh Dickinson University. Mr. Wood is also a licensed counselor and psychotherapist.
Some of Joshua's articles include Pros and Cons of Living in Portugal, 10 Best Places to Live in Ireland and Pros and Cons of Living in Uruguay. Connect with Joshua on LinkedIn.
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