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Putting and Offer on Townhome in Booming Area
Hello,
I have been looking around to buy a place in the Highlands area (Denver, CO) for the past few months. I plan to put an offer down on a place in the next day or two but had a question for the experts. There is so much new residential construction going on in the area. I'm not sure what to make of it. I've been looking in the townhome market and there are quite a few planned townhomes going in and hundreds of condo units going up. On one hand, I see the surrounding property value increasing but on the other, I'm concerned about resale 2-5 years from now with all of the new places going in. Just wondering what the take was on the Highlands (specifically E. Highlands) and if it is a good investment to buy new construction where so much new has already gone up and much more is planned. Thanks for your insight. |
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