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Why Boulder Is HOT and How to Find Your Perfect Boulder Home

In a recent article published by Bloomberg Business, it was reported that the U.S. housing market is headed for its worst slowdown in years. The information is based on a slew of figures released in July 2018. The data shows existing-home sales dropped, purchases of new homes are at their slowest pace and inventory is growing.  

Some would say it’s the biggest slowdown in years.

While that statement and data are true, the perception is false.

In fact, just in August of this year, SmartAsset released some interesting numbers. In their annual study, SmartAsset’s best housing markets for growth and stability study, three metro areas in Colorado ranked in their top 10, more than any other state. Boulder, Colorado ranked number one.

perfect boulder home

The report goes on to state, “home buyers have not been disappointed by the performance of the Boulder housing market. According to our data, the average home has grown 276% in value over the past 25 years. Over that same time period, we estimate there was almost a 0% chance that a homeowner saw a significant decline in home value 10 years from the purchase date. That makes Boulder one of the most stable housing markets in the nation. It’s also a major reason why Boulder tops this ranking for the fourth straight year.”

So, if you’re in the market — and now is a great time — we have some tips for finding your perfect Boulder home.

Ready to find YOUR perfect Boulder home? Contact us for a no-pressure consultation>>.

Tips to Finding Your Perfect Boulder Home

When you’re in the market to buy a home, it can be both exciting and stressful. There’s no doubt it’ll be an adventure! Want to be well prepared for your home search in Boulder? Here are a few suggestions.

perfect boulder home

Create a Wish List

Better yet, create a multi-layer list that is segmented into must-have, nice-to-have and features that do not matter. Perhaps you know you need a 2-car garage, a large backyard and a pool. Maybe your nice-to-have features would include every bedroom with an en-suite bath or a fireplace in all the living areas. Some features that may not matter could be mountain views or proximity to shopping.

Either way, it’s good to start with a Wish List to help get you and your Boulder real estate team moving in the right direction.

Consider Lifestyle

In addition to writing down your must-haves, it’s important to also consider lifestyle and the needs of your family. For example, if you have school-aged children you may want them to attend a certain school. If that school is in South Boulder and you live in North Boulder, you’ll want to take transportation into consideration.

Another lifestyle feature that many Boulderites love, is easy access to the myriad bike paths that are layered throughout town. Boulder residents bike to work 17 times more often than rest of America.

RELATED: Relocating to Boulder? 5 Things to Know

Determine Your Budget

Zillow’s recent market review shows that the median home value in Boulder is $718,100. Create a realistic budget that allows you wiggle room. The quickest way to estimate a reasonable range for your home purchase is to multiply your annual salary by 3 on the low end and 4 on the high end.

Next, you’ll want to get pre-approved for a loan before searching for a home, this will ensure the buying process is much easier and you’ll know exactly which houses to look at. Plus, when you find your dream Boulder home you’ll be ready to put in an offer right away!

Get to Know Each of the Boulder Communities

perfect boulder home

There are seven distinctive communities in Boulder, each offering their own flavor, personality and price range. There is Gunbarrel, Dakota Ridge/Wonderland, North Boulder, Northeast Boulder, Newlands, Mapleton Hill, Whittier, Central, East Boulder, Uni Hill/Chautauqua and South Boulder.

Download our Relocation Guide to learn more about each community >>

Do a Home Inspection

Now that you’ve pinpointed your perfect Boulder home, it’s time to do a home inspection. Getting a home inspection ensures allows for a non-biased look at all the nooks and crannies of your potential home and will alert you to any potential issues.

Visualize Life in The Home

Before you take the plunge of purchasing your new home, visualize how your family will use the space. Also, consider the future. Do you see more children and would the home accommodate them, how about an aging parent? Is there room to up or downsize as your life circumstances change in the next 10-20 years?

Prevent Buyers Remorse

Never settle for the first property you see. There are a lot of houses for sale on the market. You might want to check out a few before making an offer. What if you acted too quickly and a better house comes on the market the next week?

Buying a home can be stressful, but with trusted advisors, like Thomas Group, on your side, you can rest assured a smooth process.

Ready to find YOUR perfect Boulder home? Contact us for a no-pressure consultation>>.