Own a Boulder Rental? Good for You!

248280_sNow is a great time to own a rental unit in Boulder and Broomfield Counties.  According the latest Denver Metro Apartment Vacancy and Rent Survey, released Thursday by the Apartment Association of Metro Denver and the Colorado Division of Housing Boulder and Broomfield Counties have the lowest vacancy rates and highest rent per square foot in the entire metro area.

You may have already guessed this if you are currently renting or have a college age child who is living in a rental.  The rental market is tight, choices are slim and you must be prepared to pay a little more.  The average monthly rent is now $1,103.61.

Good News for Investors

But if you are an investor this is all good news!  Interest rates are still incredibly low, even for investment properties.  And parents who have a CU/CSU student may find buying a condo investment property a better investment than renting.

If you’d like to run the numbers on a potential investment property just give me a call.  I’m happy to work it through with you.

 

 

 

 

I am a Boulder County real estate specialist. Over the past three years, I have earned the distinction of being named a 5280 Five Star Realtor. This puts me in the top 7% of all Realtors in the Denver Metro Area for customer satisfaction. If you would like to schedule a buyer or seller meeting with me, please feel free to call me at 303-579-1617 or contact me by email.

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