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Wednesday, November 11, 2009

The Denver Condominiums Real Estate Market

By Michael Canon

Denver condominiums have a lot to offer residents and are often preferred over houses. Living in a condo has unique benefits just as living in a house does. Many residents prefer to live in houses however residents that live in condos have a unique chance to experience Denver in a way that home owners cannot. The main reason for this is because the various locations of the condos throughout the city.

Denver condominiums range in location from downtown Denver to the suburbs. Many of the condos that are located near downtown are old factories that have been refurbished to be condos. Downtown Denver condominiums also house upscale high rise condos on top of the older buildings that have been refurbished. While many of these high rise condos are occupied by wealthy residents, there are many other condos in the area that are just as appeasing.

Another huge advantage of living in a Denver condominium is that most of the time you will not have to worry about the lawn care aspect as you would if you owned your own home. This allows you to own a place and still have certain benefits that apartments have.

Buying a condo is similar to buying a house as it is a large decision and commitment. Many Denver condominiums have swimming pools and fitness centers that you can use which home owners do not get the advantage of unless they buy the equipment themselves. Usually a condo in Denver will cost about $170,000 however they can get as high as $1 million in some of the high rise downtown Denver condominiums. The average for monthly condo payments ranges between $800 and $1,500 depending on how much the condo is.

Inside Denver you will find that there are three main types of condos. The most popular type of condo that you will find in the area are the lofts which many students stay in. In most cases the lofts are remodeled buildings that are located near the downtown area. The second type of condo that you will find is a vacation condo. These condos are usually around the edges of the city and have attractive mountain views and are close to outdoor activities. The third and final type of condo in the Denver area are the high rise condos located in downtown. The high rise condos usually have many different features and extras that are included with the condo.

With there being so many Denver condominiums you might be wondering how you will be able to find and choose one that fits your living style. Finding a condo that you like is made easy by touring them. Not only will you be able to find a condo that fits your price range but you will also be able to find a condo that has the features you want.

Many Denver condominiums go fast as they are in high demand. You will want to take your time while looking for a condo in Denver so that you choose the right one for your way of life. Vacation condos should be chosen based on what attractions you will be visiting such as if you are planning on going on the Denver Microbrew Tour. - 23199

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