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Don't MOVE HERE! Colorado Neighborhoods to Avoid
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- เผยแพร่เมื่อ 2 ส.ค. 2024
- Moving to Colorado? This video is your one-stop guide to the BEST neighborhoods and the areas to avoid when buying real estate. Discover up-and-coming neighborhoods that offer affordability and charm. Find the perfect lifestyle for you with your favorite amenities and Colorado mountain views.
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• Relocating to Colorado Springs? Download the free guide and checklist! livingthesprings.homes/reloca...
• Colorado Springs CO Resources
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• Data in videos provided by the following sites:
→ www.greatschools.org/colorado...
→ www.niche.com/places-to-live/...
→ www.census.gov/quickfacts/elp...
→ www.spotcrime.com
→ myneighborhoodupdate.net/
All stats, data, housing prices and information, and any other data are ALWAYS subject to change and is provided simply as an example or information at the time of this recording.
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#movingtocoloradosprings #coloradospringsrealestate #coloradospringsco
⚠️ Videos are for entertainment and general educational purposes only. No information whether implied or otherwise offers warranties or guarantees of any kind regarding completeness or accuracy, or provides the assumption of anything being a good option or fit for you personally. Buying real estate is a risk as with any other investment. Each person is different so unless I'm your real estate agent, do not consider this advice in your personal real estate decisions and dealings. Do your own diligence on the information provided. I do not claim expertise in any field outside of real estate. I am a real estate agent with LPT Realty in Colorado. Each person's situation is unique and SUBJECT TO terms and qualifications. Please privately consult a professional in the area of expertise in question including myself. I want you to be successful! ♥
Find out more about your Colorado Springs real estate agent at www.livingthesprings.homes/
All content provided on TH-cam belongs to Iris Burton and cannot be used without prior written permission. Colorado Real Estate License: 100089541
Were you thinking about moving to these areas? 😮💨
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Yep i live in Lorson Ranch and u are 1000% right. We were mislead about the stupid Metro district. The taxes are insane. They dont do anything. Each build area is managed different. Its crazy. I love my house but hate this neighborhood.
Thank you Iris it’s Maggie 😊 yes am still moving 😎 talk to you soon 🙏
You’re welcome! Looking forward to seeing you!
great topic
Thanks!
My issues with those places you don't recommend are simple, and so I wouldn't get past my "surface objections" to consider the other & more important negatives you bring up about them.
>>Pueblo: Never was on my Short List of CO cities to move to, so I haven't (and still don't) look at any homes/neighborhoods there. Although Pueblo is not THAT far from Colorado Springs (COS), for me it IS too far to do the things/go to the stores/restaurants I usually do there on a fairly regular basis.
>>Woodland Park: A bit too small-town/country-living for me, and IIRC, mostly older homes there as it's a "historical" town. Also, to get to COS you can't just "cut directly over eastward" to COS because you have Cheyenne Mtn/Pikes Peak blocking your way! You have to drive all south on Hwy 24 to Cheyenne Mtn & the town of Manitou Springs, then on to COS "next door." Still, that's too much driving if you want to visit COS regularly.
>>Peyton: A bit too "out in the country" for me as well...Falcon would be an option (~6 miles east of COS), but prices of new homes in Falcon aren't much different than prices in COS, so why not just stay in COS? What would be a "compelling draw" to buy in Falcon instead of COS? I don't see one.
>>Lorson Ranch: A bit too south for me (I tend to frequent the NE part of COS)...not TOO far away though (just ~13 miles south of NE COS driving on Marksheffel Rd). I'm sure the area will grow in the future though to have stores and such nearby, but you know, the new community of "Mayberry" out there is worse in that regards -- they hardly have any "infrastructure" (yet).
>>Antelope Ridge: Home prices (manufactured homes?) are definitely low, but that's misleading -- the HOAs for that Covenant Community are absolutely OUTRAGEOUS -- no thanks.
So yeah... I can agree with you re: all these communities, even if for some different up-front reasons.
-- BR
Thank Bill! Your overview is well thought out and spot on! What other things would you like to know about these neighborhoods that go deeper than just surface level?
Thanks so much for commenting!
@@LivingtheSprings Iris, Thanks (FWIWW)...just my thoughts given I lived in COS twice (and fairly recently), even if not for that long both times (5 years total).
No, the only "questions" I'd have is where the mortgage interest rate and home prices in COS are going -- but who can know/answer that?
I WOULD have more questions, but those would be more specific and when I'm actually working with a realtor, as questions would depend on the property in question.
As an average buyer, however, I am a bit concerned about these 2 things as it applies to COS...2 items some OTHER states (FL is a major example) are experiencing that is becoming critical for buyers there AND home-owners as well: Rapidly-increasing home insurance premiums and increasing property taxes (which makes SOME sense if home prices are higher now than earlier). Yes, I know CO has some of the lowest property taxes in the nation, but some of the lower-priced (new) homes I look at there in COS (Banning-Lewis Ranch for one example) at have almost the same property tax $$$ amount each month (seems too HIGH!) as homes costing 2-3 times more. And more than many older (but still nice) but quite larger homes in older neighborhoods. How can that be?
Something's clearly wrong there if it's based on home price. Or, my online home-search source is wrong about the taxes they show for properties. I mean I already know they can't be trusted to be correct, and often don't even show HOA fees (often shows $0) when I know there definitely ARE HOA fees.
Still, what I have seen re: the COS market lately (and even now) is home prices remaining fairly stable or trending downward (maybe new-builds especially), even if at a snail's pace or molasses in winter -- not sure which is slower.
However, the huge obstacle for me presently as a buyer remains: The stubbornly high mortgage interest rate -- won't pay that, UNLESS home prices drop at least 30% (as they're way overpriced/inflated -- still). And that won't happen anytime soon. So personally, I wouldn't be ready to buy until one of these 3 scenarios happen:
1. Mortgage interest rates remain high but house prices drop big-time.
2. House prices remain high but the interest rate drops big-time.
3. The BEST scenario for Buyers (especially first-time buyers): BOTH house prices and mortgage rates drop big time.
So for me, I have at least 3 ways to becomes home-owner (when I am ready to get pre-qualified). That's something positive. ;-)
Thanks for your videos as the more information/data potential buyers have -- be they moving to CO from another state, or those living somewhere else in CO -- the more informed decisions we all can make. Also, I wanted to compliment your website: It seems quite comprehensive, and so a very good resource for people looking to buy a property in COS. :-)
-- BR
@@billredding2000 thank you! I appreciate your kind words! This is super helpful.
A couple things I wanted to mention, but I need more time to gather information (stats, absorption rate, etc.) first, I've been able to save hundreds of dollars per month for my clients with my strategy on home-buying. Market rate is what it is, but you'll want to find a lender who can help you strategize to get the best payment, then a real estate agent who knows the ins and outs who will negotiate on your behalf to get you the best deal.
For example, find out what your end goal is and work backward. This is how you avoid buyer competition when rates go down. Assumable loans, buy-downs, etc.
Second, I have a video on the Springs housing market and why I don't think values will ever go down. I think it's called the Rise of Colorado Springs.
Regarding taxes, I notice a lot of real estate agents putting the wrong tax amount on their listings. Some of them have the wrong tax year, and it's gone up since then.
Thanks so much for your insight!
@@LivingtheSprings Thanks...and for sure, I'll want to go over every possible detail/nuance with my agent (when the time comes) because for sure I definitely know I do NOT know enough (except the basics) to go through the buying process unrepresented. A Seller may have an easier/less-complicated process going it alone, but I don't think *I* will as a Buyer.
Additionally, I suppose by then "who pays the Buyer's agent" will be worked out given the recent NAR court case (and the now (?) necessary "exclusivity contract" between Buyer and his/her agent) -- especially applicable if I get a pre-owned house. However, I'm leaning new-build/new sub-division though, so perhaps the builder will continue paying the Buyer's agent's commission? There are some nice (but way older homes) in certain neighborhoods/Zip Codes I've seen as well, so I'm not closing that door just yet. But if the home it too old, needs a lot of work (you know, "Needs some TLC" or "Handyman's Special" in the house description), major things needing replacing (roof, wiring, plumbing, foundation) -- probably not.
So (for several reasons) a new-build is the main focus (at least presently)...but yes, I WILL be getting a Home Inspection on even a NEW home. ;-)
Thanks,
-- BR
What are good areas in COS that are closer to Denver in terms of commute and proximity to amenities?
You might like Wolf Ranch or Flying Horse. Revel is a newer neighborhood further north. Flying Horse has the most amenities…Flying Horse North is a Golf Community. There’s a new community called Sterling Ranch that’ll have open space, trails and retainer ponds. Monument is great too. Email me if you need help narrowing it down. Iris@LivingtheSprings.Homes
What do you think about the area north of Ute Valley Park? Been interested in moving there.
It's one of my favs. Lots of protected land so it won't become overly populated over time. Views are amazing. Take a look at Mountain Shadows or Rockrimmon. Popular location because it's close to the mountains. Let me know if you need help finding something