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Old 07-01-2013, 01:49 PM
 
Location: NoVA
29 posts, read 101,661 times
Reputation: 11

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Hello, I'm single from the DC area and have been renting here for about 3 years now. Since I telework at home for the government, there is no reason for me to continue staying in DC and pay 2k for rent every month.

I've done some research and found the Denver area to be the best place for me to relocate with my brothers. I'm looking to buy a new home and found some new construction homes being built in the NW areas of Arvada. I noticed that rates have been rising dramatically for the past few months and want to get in before it's too late.

I've gotten feedback from a few friends and coworkers in Colorado, but none from the Arvada/West Denver areas. On paper, it seems to be the right place for me (open areas - not too urban and not too rural - close to the base of the Rockies for outdoor activities, moderately priced homes in my range (300-400k), close to a major university, close to Denver, and in a decent public school system)

Is anyone in that area that can provide some other feedback? Is there anything I might of misconcepted?
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Old 07-01-2013, 02:05 PM
 
3,127 posts, read 5,052,517 times
Reputation: 7465
It is way too close to Rocky Flats for me. Read this book before you decide if you want to buy there. I think greedy developers have gotten ahead of themselves. No one should be putting homes there.

Full Body Burden: Growing Up in the Nuclear Shadow of Rocky Flats: Kristen Iversen: 9780307955654: Amazon.com: Books
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Old 07-01-2013, 02:38 PM
 
Location: Just south of Denver since 1989
11,826 posts, read 34,433,423 times
Reputation: 8971
New builds will take longer than loan locks are available for. Guaranteed interest rates will change. I do not have a crystal ball so I can't tell if they will continue to rise, remain the same or fall a little bit.

If you are concerned with interest rates, make a move now. Or at least be open to the possibility.
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Old 07-01-2013, 03:12 PM
 
Location: 0.83 Atmospheres
11,477 posts, read 11,557,632 times
Reputation: 11981
Quote:
Originally Posted by 2bindenver View Post
New builds will take longer than loan locks are available for. Guaranteed interest rates will change. I do not have a crystal ball so I can't tell if they will continue to rise, remain the same or fall a little bit.

If you are concerned with interest rates, make a move now. Or at least be open to the possibility.
There are some single close, single rate options out there for construction loans. We did one with 1st Bank when we started building last fall.
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Old 07-01-2013, 03:12 PM
 
Location: NoVA
29 posts, read 101,661 times
Reputation: 11
Quote:
Originally Posted by mic111 View Post
It is way too close to Rocky Flats for me. Read this book before you decide if you want to buy there. I think greedy developers have gotten ahead of themselves. No one should be putting homes there.

Full Body Burden: Growing Up in the Nuclear Shadow of Rocky Flats: Kristen Iversen: 9780307955654: Amazon.com: Books
Well, that's pretty unsettling. Didn't know what the Rocky Flats was when I first looked at it until now
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Old 07-02-2013, 06:07 PM
 
Location: Evergreen
403 posts, read 759,516 times
Reputation: 485
KB Homes is building a new development in Morrison, CO. It is called Bear Creek Meadows. Homes are going up as I type this and they aren't completely built out yet. There's also a newer development (built out in 2010-2011) in Littleton called Parkwood Estates that you could find a nice resale home in your price range. Both are great for what you are looking for with access to the mountains and Denver, Jeffco public schools, with lots of open areas with trails/parks nearby.
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