infill lots—those in a developed area that
are vacant or available for reuse—including
the Lowry and Stapleton communities near
downtown Denver, and they have proven
ripe for redevelopment.
The Lowry development located near downtown Denver is a former Air Force base and
has since been successfully developed into a
community with residences, businesses, recreation, and educational facilities. Another new
master-planned community is Stapleton, the
former site of the Stapleton Airport.
Large redeveloped areas are not the only
Denver communities experiencing revitalization. There are diverse communities
throughout the seven-county metro area
that are also experiencing revitalization
with homeowners taking advantage of all
the amenities that an established development offers and rebuilding or remodeling
their homes. Communities undergoing this
process include Cherry Hills, Hilltop, the
area around the parkway systems of Denver,
and many other metro communities— especially older neighborhoods.
PROTECTING YOUR INVESTMENT:
DENVER HOUSING SERVICES
It’s essential that you consider what types of
home service companies you’ll need upon
relocation to a new neighborhood or community. Services that newcomers might need
include home insurance, warranties, pre-purchase or moving services, home maintenance,
and security—just to name a few.
HOME INSURANCE AND
To effectively protect your property, you
should get homeowners insurance or a home
warranty. In fact, mortgage lenders require
homeowners insurance to protect both your
interests and theirs. Various homeowners
insurance policies exist that can be tailored
to meet the requirements of your mortgage
lender and your own personal needs.
Most insurance companies provide policies that cover burglaries, vandalism or
destruction by fire. You might also consider
liability and guest medical protection. This
would help pay for medical expenses if a
neighbor is injured in your home.
Other types of insurance policies in
addition to home insurance are usually
available, such as special discounts if home,
life and auto insurance are all covered
through one company. Independent insurance companies are also an option.
Finding, buying and then moving into a
new home can be complicated. Before
you make an offer on a house, you should
obtain the services of a licensed home
inspector and an appraiser. Inspectors will
examine your future home and make note
of any necessary repairs, potentially saving
you thousands of dollars in unexpected
expenses down the road.
No one wants to buy a house that requires
extensive repairs that were not obvious
during the buying process. Lenders require
an appraisal of the home before they will
approve a loan. Again, this is to protect
their interests as well as yours. Licensed
appraisal companies make sure that the
value of the home corresponds to the
amount being paid.
Photos Courtesy of Terrain at Castle Rock