It’s no secret that Boulder is a highly desirable place to live. For 2021-2022, our city was ranked the best place to live in the nation by U.S. News and World Report due to Boulder’s excellent job market, quality of life, and desirability score. In short, who wouldn’t want to live here? Whether you’re already a resident or ready to become one, it’s important to know your options when it comes to housing. If you’re able to buy a home, Boulder is an excellent market to invest in. Buying will almost certainly benefit you much more than renting in the long run, and here’s why:
Colorado Homes Appreciate Quickly
Many homeowners in Colorado have enjoyed unprecedented appreciation of their homes. According to the Federal Housing Finance Agency (FHFA), the Mountain Division (which is home to Boulder) ranks number one for property appreciation. Within our region, homes have experienced an astounding 596% appreciation since 1991. Because housing in Boulder is extremely limited, buyers here are poised to benefit from appreciation no matter when they buy.
Housing Is In High Demand
Part of the reason that Boulder’s market remains competitive regardless of what the economy at large is up to is that housing here is finite. Our city has a job market that’s widely regarded as recession-proof, and the powerhouse companies here are always attracting newcomers. Because there aren’t enough homes available for all qualified buyers to purchase, the rental market in Boulder is strong and only expected to get more competitive. Rents in Boulder County have risen 17.2% in 2022 year-over-year, indicating that those who are lucky enough to land a purchase will have quite the investment to benefit from in years to come.
Put Your Money to Work For You
Given Boulder’s rapidly rising rents, homeownership provides stability that you won’t find while renting. By purchasing a home, you’ll have an appreciating asset in this incredibly strong, resilient market. Homeownership also provides the luxuries of a fixed living expense and tax incentives. If the thought of pouring money into ever-rising rents with no return on investment isn’t appealing to you, buying will give you the opportunity to put your money to work for you.
Boulder isn’t just beautiful and a vibrant place to live–it’s also one of the best places in the nation to invest in real estate. Buying here provides a plethora of financial perks, not to mention the unparalleled quality of life that Boulder residents enjoy. If you’d like to explore the possibility of purchasing a home here, please contact me. I’d love to help!