Yesterday I received a call later in the evening than most people work. It was from a gentleman in Texas who had an opportunity to move to Denver, Colorado. He was excited but overwhelmed at the cost of our housing. He needed to talk.
I always enjoy these chats with people who want to fulfill their Colorado Dream. It wasn't so very long ago I had the same dream. I remember how I looked forward to living in a beautiful environment where the air is clean and the ever present view lifted my spirits!
Moving from one part of the country to another comes with much anxiety about where to start. There are questions about the cost of living, distances and amount of time it takes to commute. Families with children always want to know about the school system. Mostly people want to know how much home they can buy with their money.
Denver's housing market is not the most expensive in the country but it is much higher than many areas, especially Texas! The gentleman I was talking to was overwhelmed by the cost of our homes.
Granted our median sales price in metro Denver is $250,000, our property taxes are the fifth to the last least expensive in the county. Comparing the final house payment in Denver to one in Houston where the taxes are higher would compensate. Houston has the 5th highest rate of property taxes while Denver is ranked at 45th in the nation.
Comparing Square Footage
Another thing we discusses was the difference in the size of homes. Unlike Texas, Colorado homes typically have basements. This extra square footage in not always represented in the listings found on the Internet. Thus when comparing homes you are getting the size as measured "above ground" leaving out a significant portion of the home that is "below ground."
While these differences may not totally compensate for the price differential, they certainly help. Living in Colorado is more expensive, but if you ask people who live here, it's worth it!
Your Denver Relocation Resource
Have questions about a possible relocation to Denver? Give me a call, I can help answer some of your pressing questions and help you make that move a smooth one!
Source of information on State Tax Rankings: http://taxfoundation.org/article/facts-figures-2013-how-does-your-state-compare