The kids have all moved on to college dorms, apartments, or their own homes and left you with an empty nest… now what? Should you stay in your home or sell it? It’s not an easy question to tackle.
Since your family home has likely been one of the biggest investments you’ve ever made, it’s understandable if you’re a little apprehensive about either selling or staying. If you’re approaching retirement or have already left the workforce, a big real estate decision like this one will feel even more stressful.
To ensure that you make the right choice for your financial circumstances, we recommend a four step process to determine what you should do with your home now that you’re an empty nester.
1) Assess Needs
If you built or bought your home when you had to make room for multiple children, you are going to find yourself with entirely too much house once they have moved out. That might not seem like a real problem at first, but consider all the extra time and money required to heat, cool, and maintain a family-size house and yard. It might be more than you’re willing to take on at this point in your life. If you’re going to be traveling a lot, that makes downsizing an even smarter solution.
At the same time, if you don’t feel like you have too much house and the market, your tax situation, the circumstances in your life, or a lack of inspiring housing alternatives suggests that it’s not a good time to sell, than it might be better to stand pat for now. Let the situation and your needs dictate your decision.
If you plan to stop working soon, it would be wise to talk with a financial advisor specializing in retirement financial planning in CO before you make a decision on your...
Bicycle commuters and everyday riders are growing in numbers throughout the Denver metro area. Unfortunately, not every neighborhood is as kind to their desire to turn to the pedals to avoid the cost and environmental impact of a car-free lifestyle.
If you live in Denver or are thinking about relocating here and relying on your bicycle for transportation, exercise, or plain old fun, you would be wise to do your research before settling down. When it comes to two wheel-friendly locations in the city, we think there is one clear choice.
The Best Denver Neighborhood for Bicyclists -- RiNo
Nestled right up against the Platte River Bike Path, it should come as no surprise that the River North (RiNo) neighborhood has developed a bike-friendly attitude from the beginning. As it has rapidly developed (it’s quickly becoming one of the trendiest parts of town), it has maintained its status as a bike commuter’s dream location.
Easy access to downtown Denver is very important to commuters of any stripe, but it’s non-negotiable for bikers. RiNo does an excellent job of pairing that proximity with just the right amount of space and access to youthful nightlife. Cyclists can explore large swaths of the neighborhood via the South Platte River Greenway Trail, and then stop in for a drink at one of 10 different winery, distillery, or brewery locations along the way.
It’s a very hip neighborhood with many of the features that young home buyers are looking for. It’s the best neighborhood for bicyclists, but it’s also much more than that.
If you are thinking about buying a home in a location that is bike-friendly, you must consider RiNo Denver real estate...
Roughly six miles to the east of downtown Denver sits one of the biggest urban redevelopment projects in the U.S. in the past quarter century: Central Park.
When the airport moved east, local voters decided the old airport space should be transformed into a neighborhood. Today, even though most trees and homes in Central Park are barely a decade old, it would be more accurate to call it a community than a neighborhood.
There are roughly 20,000 residents who call the 4,100-acre Central Park home. It may not be the perfect for every type of home buyer -- yards are small, houses are close together, playgrounds and parks are busy and plentiful -- but with the booming population and consistently high level of interest in real estate in Central Park, they are clearly doing something right on the northeast side of Denver.
From the beginning, the development was created with “New Urbanism” principles in mind. That meant public areas and eco-friendly homes would be top priorities. Quickly, the neighborhood began to attract on-the-go families who loved the focus on green living and building a naturally communal atmosphere.
For those who embrace it, this is a dream neighborhood and an ideal place to raise a family. In addition to copious park and play space, Central Park has 14 of its own schools, some of which are rated among the best in the entire city (100 percent of Central Park’s Denver School of Science and Technology graduates have been accepted by a four-year college!). Check out our page on Central Park Denver schools to learn more about the excellent elementary, middle...