BUYING A HOME IN DENVER

So you want to a buy a home, huh? Maybe you’re sick of paying your landlord’s mortgage. After all, with each payment that you make, you’re making your landlord richer and richer.

Trust us, we know.

Or maybe you are ready to start “adulting,” to take that big next step toward the American dream: buying a home, building that white picket fence, and filling it with the one dog, 2.1 kids, and
decades of love.

For centuries, buying a home has been an iconic part of culture in America. Whether you are a single bachelor or bachelorette looking for a condo downtown, a young couple seeking their first starter home, or a family searching for a forever home, the places you live represent different chapters in your life.

Owning that chapter is something to be proud of.

The Benefits of Owning Real Estate in Denver

Are you ready to generate wealth?

Cash Flow - If you ever decide to rent your house out, the rent exceeding your mortgage payment and other expenses will build your wealth. Flip the script—you can become the landlord, and your tenants can make you richer every month.
Loan Paydown - Because you are paying back a portion of the money that the bank lent you (the principal), the amount you owe to the bank decreases and your wealth thereby increases.
Appreciation - Throughout any 10-year period in history, real estate has always gone up. If you hold onto property it’s tough to lose. Appreciation is where most of your wealth will truly be built in real estate.

Tax Benefits - Taxes are always changing, but at the time of this writing, you can deduct mortgage interest to reduce your tax liability—not to mention a handful of other ways you can save on taxes.
Growing Economy - Denver is undeniably one of the best places in the country to be: thriving job market, great, diverse neighborhoods, healthy living, mountain views and amazing weather year-round.
Pride & Accomplishment - Owning a home represents a significant milestone that brings immense pride, personal fulfillment, and a place to truly call home. Plus, a potential for long-term wealth building!

The Drawbacks and Risks to Owning a Home:

Market Volatility– The real estate market is subject to fluctuations in property values. While properties generally appreciate over the long term, there can be periods of decline or stagnation. A downturn in the housing market may result in decreased home values, limiting the potential return on investment and making it challenging to sell or refinance a property.
Natural Disasters and Insurance - Homes located in areas prone to natural disasters, such as floods, earthquakes, or hurricanes, pose additional risks. Standard homeowners insurance policies may not cover certain types of damage, requiring separate policies or additional coverage. Insurance premiums can increase significantly in high-risk areas.

Property Taxes and Assessments – Property taxes are an ongoing expense that can increase over time, especially if property values rise. Additionally, homeowners may face special assessments from homeowners' associations or local governments for community improvements or repairs.
Maintenance and Repair Costs - Homeowners are responsible for the upkeep and maintenance of their properties. Routine repairs, such as fixing plumbing issues or replacing a roof, can be costly. Unexpected repairs can arise, such as damage from natural disasters or unforeseen structural problems, adding to the financial burden.

Get Educated on Buying a Home:

In How to Buy a Home in Denver, you’ll learn:

How to build your team of high quality real estate agents, lenders, contractors, and more.
How to get a deal in a competitive market like Denver.
A step-by-step process on what to do when you are under contract to ensure nothing is missed.
A list of things to do after closing and what to expect once you are a homeowner.

How to Buy a Home in Denver turns renters into homeowners.

Listen to Podcasts from Invest2FI –

Some key episodes to tune into are:

Create a customized Denver home search:

Fill out the Advanced Property Search to get daily updates of properties, new to the market, that fit your specific criteria!

THE FI WAY - BUYING PROCESS

Follow The FI Way

1. Discover: We get to know each other and clarify your goals so we can get you there!
2. Pre-Q & Pursue: Get pre-qualified with a lender. Then let’s get looking and find it! Search criteria dialed in and showings in progress.
3. Offer: Our proven FI Team investor strategies & market expertise ensures strongest and best!
4. ACCEPT!!!!
5. Due Diligence: We do all the work to keep the contract on track and help you dig deep going into inspections and appraisal. You’ve got this!
6. CLOSE!!!!
7. Homeowners: The journey in your new home begins and your equity will grow! We’re here for you longvterm too, with all the resources or advice a homeowner could need. Welcome to The FI Team Family.

Ready to get started?