Welcome or Register

                   Follow Me on Pinterest     

Colorado Dream Homes Blog

10 Signs You're Buying the Wrong Parker Colorado Luxury Condo

Performing due diligence before purchasing a Parker, CO luxury condo is only right considering the money involved. And if your due diligence yields warning signs that the luxury condo you’re eyeing may not be the right one for you, you should heed them by all means. More often than not, signs like the ones listed below are usually good indicators that there is something wrong with the luxury condo you’re about to buy. 

1. Problems with the city’s planning department A city’s planning department is responsible for, among other things, the long range development of a city. If they are giving a luxury condo developer trouble, there is often a very good reason for that. City planning department woes usually mean a delay in or the cancellation of a project, both of which don’t make for an excellent real estate investment.

2. Not-so-ideal location The most beautiful and modern luxury condo building won’t mean much if the site is not to your liking. That’s why you need to vet the location before making any decisions. Always remember that it’s the neighborhood that makes the house, or in this case, the luxury condo.

3. Slow luxury condo sales. When a Colorado luxury condo project doesn’t have many takers despite all the hype, you should take it as a warning that there’s something off at the very least. You should also be concerned when developers start to offer realtors unbelievably huge commissions and incentives just to sell units. There must be a reason, often not good, for all that hard sell. 

4. A too good to be true price tag Never trust a realtor selling luxury condos with a price tag that’s way below its market value. There is definitely a catch, and you wouldn’t want to find out what it is after you’ve paid for it. 

5. Over-the-top amenities It’s but normal for a luxury condo to have well-appointed gyms, pools and other amenities, but concierge services, pet spas, and get this, an in-house lifestyle curator, are just a bit too much. You don’t want to pay for these superfluous features. But if you have more money than you know what to do with, go for these types of luxury condos, by all means. 

6. Building flaws Always be on the lookout for construction defects when checking out a prospective luxury condo buy. Luxury condos are supposed to be built with the finest materials by talented hands, and evidence of sloppy work like rain coming through the sides of glass windows or glass doors that stick often do not inspire confidence. 

7. Too high or low HOA fees When you’re buying a luxury condo in a building that already has a homeowners association, don’t forget to ask about the fees. Fees that are too high or too low usually indicate a problem. Extremely low fees could mean the HOA is not collecting the right amount to pay for the amenities, while unusually high fees can point to financial deficits that the HOA may be trying to hide. 

8. No kids allowed It’s appalling how some luxury condo HOAs can implement age restrictions on its members. It’s understandable to want some peace and quiet, but discriminating against people who have children and making it official policy is just unacceptable. 

9. More unacceptable restrictions Before buying a Parker, CO luxury condo in a building with a HOA in place, ask to see a list of the HOA’s rules. If there’s something in it that you don’t like or agree with, then you should find another luxury condo that’s more to your liking elsewhere. 

10. HOA monopoly It’s always smart to find out beforehand how many HOA members own multiple units. Members who own more than one unit get more than one vote, and they can potentially control any voting on any building-related issue. 

Keep an eye out for these signs, and you can avoid buying the wrong luxury condo.

Written by: Victoria Hemmington

The landmark At Kierland 

 

Happy First Day of Fall!

Here is an interesting fact.  "Fall Leaf" colors actually exist all year long. Leaves have the potential to be yellow, orange or even red all year long.  In spring and summer the pigment chlorophyll gives leaves their green color.  At the end of the summer, the decreased daylight and cooler temperatures cause chlorophyll to break down and that exposes other pigments that cause the brilliant yellow, orange and red colors of fall.

Immaculate Corner Lot in Castle Pines

This former model home has highly upgraded kitchen and baths, volume ceilings and gleaming hardwoods. From stainless appliances to granite counter tops.  Must see to appreciate all of the amenities this gorgeous home has to offer!

 

Gorgeous Setting on 14 Private Acres

This home is the definition of luxury, and this 4 bedroom, 4 bath, 3477 square feet.

Set on 14 private acres mixed with Gamble Oak and large Ponderosa Pines, the terrain makes you feel like you live in the mountains.  Your backyard retreat features multiple patios, water feature and a gas fire pit, all with spectacular mountain views.   

Dramatic design and custom painted walls abound in this high caliber home, where you will see and feel the quality throughout.  The island kitchen offers a commercial grade 5 Star stove, stainless GE Profile appliances, granite slab counters, pantry, desk area, and a bayed breakfast nook. 

Indulge in the main floor master suite with unique round sitting area, and opulent master bath with large soaking tub and massive walk-in closet.  The great room is a delight with cozy gas fireplace, built-in entertainment center, and  a wall of windows complete with electronic Hunter Douglas Blinds that can all lower and close individually or collectively. 

Upstairs features 3 beds, 2 baths, and a large family room that could be a 5th bedroom or flex space.  The massive 2258 SF unfinished walkout basement and 1140 SF oversized 4 car garage provide unlimited storage opportunities.

 

 

Dream Kitchen-Must See House-Castle Rock

Incredible dream kitchen complete with espresso cabs, quartz counters with integrated composite sink, GE appliance package + Samsung french door fridge, butlers pantry, plus 2 huge pantries.  Electric cooktop is conveniently stubbed for gas underneath!

Magnificent Views- Ironstone Place

Hurry, dream rental property won't last long! The island kitchen offers Oak cabinets, GE and Maytag appliances including gas cook-top, and composite sink. The family room features a cozy gas fireplace with built-in entertainment system and double sided fireplace, with the other side of it enjoyed by the private office. Upstairs are 3 vaulted bedrooms and a nice sized loft, and the master boasts a 5 piece bath with soaking tub, large walk-in closet, and spectacular views of the open space. The basement is light and bright with the 4th bed and bath, and also provides multiple spaces for game tables etc. Other amenities include A/C, full sprinkler system, and lawn maintenance included!

 

HAPPY 4TH!

July Fourth, is a federal holiday in the United States commemorating the adoption of the Declaration of Independence 241 years ago on July 4, 1776. 

Zillow is a Farce. DUH.

Just saw this on NBC Nightly News about Zillow getting sued for showing home values lower than what they should be.  If you have a problem with Zillow you should consider joining the class-action lawsuit.

We've said this countless times and here it is once more:  Zillow is a farce and the single most misleading real estate website in the World.  

No website can possibly know what your home is worth, so if you are naive enough to believe everything you see on the Internet, we feel sorry for you.  Zillow's excuse is they get their data from County records.  Know the last time the County records were accurate?  N.E.V.E.R.

Elbert County is among highest

This was a little alarming!  Seven different county assessors held a conference to announce spikes in median home values.  Property tax increases will vary greatly, depending on factors such as neighborhood popularity, amount of new construction and affordability.  Value range anywhere from 17% to 60%!

http://www.denverpost.com/tag/housing-market/

10 Important Life Lessons to Master in Your 30's

Amazing article!  I love some of the quotes from over 600 subscribers that replied to this!  We all think similarly.  In our 20's there is no need to think about retirement, just focus on spreading our wings and having fun.  30's hit and it is time to settle down with a career, white picket fence and kids.  We all have this stereotype in our mind of where we should be in each decade of our life.  

“When I turned 40 my father told me that I’d enjoy my forties because in your 20s you think you know what’s going on, in your 30s you realize you probably don’t, and in your 40s you can relax and just accept things. I’m 58 and he was right.”

https://qz.com/318814/the-ten-most-important-life-lessons-to-master-in-your-30s/

View All

Quick Search


view all


Any

Any

No Min.

No Max.

Find a Listing


This site includes valuable information on Parker Colorado real estate and homes for sale, Parker CO homes, Elizabeth CO homes, and Castle Rock CO homes. Our Realtors can help you buy or sell Parker CO foreclosures and Castle Rock CO foreclosures. People who search MLS home listings, whether relocating or buying a first home in Parker CO, Castle Rock CO, and Elizabeth CO, will find useful information on homes, home for sale, luxury homes, and horse property and golf course homes, with additional information on schools and regional highlights. 

 

Colorado Dream Properties Inc.
303-841-0800
(866) 532-8524
12900 Stroh Ranch Place 
Suite 125
Parker, CO  80134
EST. 2001