Why are these new homes so far apart?

New homes are being built faster than we have seen since the mid-1990s. For example, the Denver area is growing at an incredible rate – with base prices of new homes increasing from $4,000 to $10,000 per month, depending on the size of the house and the builder. The neighborhood pictured here is located between Denver and Boulder in the city of Arvada in Jefferson County, Colorado.

New home developments in this area tend to have requirements for open space and greenbelts so the wildlife still has places to roam.

This also means your garden will be eaten by rabbits and your cat (and sometimes dog) will be at risk from coyotes, foxes and other predators – but I digress…

Why is this swath of open space so much larger than others and why does it cut right through the neighborhood?

Because it isn’t really open space. This land was set aside for a highway.

The proposed highway would be a toll road which could limit the amount of traffic it receives but, in the future, it could be as busy as any other major highway which could have a negative affect on your property’s value. The nearby residents of Arvada and Golden are fighting this hard but it seems like the government and the money behind the politicians ultimately win.

It is important to know the ‘big picture’

when buying new homes.

Right now, the schools in this area are overcrowded and there are few grocery stores and restaurants. The school board should be building an elementary school in the area but are looking at building one 5 miles south (which doesn’t make much sense).

New home developments are great but it usually takes about five years for the supporting services (schools, grocery stores, entertainment, etc.) to catch up. If the economy suddenly tanks, it could take much longer.

To learn more about factors that affect the value of homes and impact the home-buying process, check-out REOT’s eBook “Buying The Recession-Proof House.”

Get other valuable information about buying or selling your home in our book “The 3 Words Real Estate Agents Won’t Tell You” – just request it on the top, right of this page!

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