Denver Real Estate Discussion / Opinion Thread (NO Data Charts) (Colorado Springs: home builder, inspections)

[COcheesehead]

Originally Posted by smihaila

$512K in 2012!?? That's crazy, IMHO. Was it a new house, or a used one?

I would never pay higher than 600K even now, in 2021-22 for these wooden barracks that are colloquially known as "houses" here in the whole North America (Canada included).

More than half of million of dollars, for what? For something that always needs work, due to constantly deteriiorating (almost like a ... car?) and which you cannot pass to the next generation...

It was a new build, semi custom overlooking open space with 180 degree views of the front range. Today the same houses are selling for close to a million.

So it needed no work. LOL. I put literally nothing into it the seven years we lived there. Wait I sealed the pavers. So there was $100.

[smihaila]

Originally Posted by COcheesehead

It was a new build, semi custom overlooking open space with 180 degree views of the front range. Today the same houses are selling for close to a million.

Thanks for clarifying. Did it come with a finished basement, at least? :-)

Still, for that amount of money (or a million nowadays), I would build an ICF (Insulated Concrete Forms) house, not a wooden barrack. You know, concrete, brick, and mortar - truly like European houses - which you can pass to your next generation without too much wear-out.

Originally Posted by COcheesehead

So it needed no work. LOL. I put literally nothing into it the seven years we lived there. Wait I sealed the pavers. So there was $100.

My point about work to be done, is about it getting worn out quite easily, over quite short period of time. You know, having to maintain its wood exterior siding and thus having to repaint it (in Canada at least you can get vinyl siding which survives big winter storms and it is maintenance-free. Here in Colorado such siding material is dreaded here - being considered kind of c**p and shaite material). Not to mention the stupid asphalt shingles (crappiest form of "roofing" here in North America).

Perhaps you had no work to do on it due to relatively short time of owning and inhabiting it. Being also new. Obviously when you sold it didn't look exactly as it was when you bought it :-).

Let me tell you this - A house in Europe built even in 1960, is considered YOUNG. They last FOREVER, even surviving fires without any major issues.

There is a reason why commercial buildings (especially those to be leased out) or Government institution buildings, are built with concrete, brick, and mortar. And not with damn wood sticks!

[COcheesehead]

Originally Posted by smihaila

Thanks for clarifying. Did it come with a finished basement, at least? :-)

Still, for that amount of money (or a million nowadays), I would build an ICF (Insulated Concrete Forms) house, not a wooden barrack. You know, concrete, brick, and mortar - truly like European houses - which you can pass to your next generation without too much wear-out.



My point about work to be done, is about it getting worn out quite easily, over quite short period of time. You know, having to maintain its wood exterior siding and thus having to repaint it (in Canada at least you can get vinyl siding which survives big winter storms and it is maintenance-free. Here in Colorado such siding material is dreaded here - being considered kind of c**p and shaite material). Not to mention the stupid asphalt shingles (crappiest form of "roofing" here in North America).

Perhaps you had no work to do on it due to relatively short time of owning and inhabiting it. Being also new. Obviously when you sold it didn't look exactly as it was when you bought it :-).

Let me tell you this - A house in Europe built even in 1960, is considered YOUNG. They last FOREVER, even surviving fires without any major issues.

There is a reason why commercial buildings (especially those to be leased out) or Government institution buildings, are built with concrete, brick, and mortar. And not with damn wood sticks!

Basement was a walkout and completely finished. Fireplaces on every floor. Patios with views on every floor. I could go on. It was a nice house. You have a bone to pick about materials, but seem to lose sight of how the market views homes in Colorado right now.

[bluescreen73]

Originally Posted by smihaila

Thanks for clarifying. Did it come with a finished basement, at least? :-)

Still, for that amount of money (or a million nowadays), I would build an ICF (Insulated Concrete Forms) house, not a wooden barrack. You know, concrete, brick, and mortar - truly like European houses - which you can pass to your next generation without too much wear-out.



My point about work to be done, is about it getting worn out quite easily, over quite short period of time. You know, having to maintain its wood exterior siding and thus having to repaint it (in Canada at least you can get vinyl siding which survives big winter storms and it is maintenance-free. Here in Colorado such siding material is dreaded here - being considered kind of c**p and shaite material). Not to mention the stupid asphalt shingles (crappiest form of "roofing" here in North America).

Perhaps you had no work to do on it due to relatively short time of owning and inhabiting it. Being also new. Obviously when you sold it didn't look exactly as it was when you bought it :-).

Let me tell you this - A house in Europe built even in 1960, is considered YOUNG. They last FOREVER, even surviving fires without any major issues.

There is a reason why commercial buildings (especially those to be leased out) or Government institution buildings, are built with concrete, brick, and mortar. And not with damn wood sticks!

Complete BS. Vinyl siding is NOT maintenance free. It can warp in excessive heat. It gets brittle with excessive cold. Any color other than white suffers from sun fade, and it's very susceptible to hail damage. Hardiplank > vinyl siding.

[smihaila]

Originally Posted by bluescreen73

Complete BS. Vinyl siding is NOT maintenance free. It can warp in excessive heat. It gets brittle with excessive cold. Any color other than white suffers from sun fade, and it's very susceptible to hail damage. Hardiplank > vinyl siding.

Not in Canada! There was also hail in Waterloo, ON, Canada, and winter storms with 100km/h winds, and super-cold temps like -35 degrees Celsius.

And unbearable, super-hot and humid summers, with lot of direct sun heat.
My vinlyl siding did not crack, nor warp.

Not sure what is it with the quality of vinyl siding here in Colorado...

[smihaila]

Originally Posted by COcheesehead

Basement was a walkout and completely finished. Fireplaces on every floor. Patios with views on every floor. I could go on. It was a nice house. You have a bone to pick about materials, but seem to lose sight of how the market views homes in Colorado right now.

I hate fireplaces - not sure what's with this obsession with fireplaces here in Colorado
Useless, waste of energy, not energy efficient.

[COcheesehead]

Originally Posted by smihaila

I hate fireplaces - not sure what's with this obsession with fireplaces here in Colorado
Useless, waste of energy, not energy efficient.

You sound like a happy person.

[smihaila]

Yeah, happy and practical :-)
Your house seemed nice, indeed.

I'm currently looking to buy a home, in the Broomfield - Westmister - Thornton - Northglenn area, priced below 600K (without bankster). Tough chance getting a good one without too-high HOA, and without the typical carpet . Inventories seems to be very low, and just wondering when we'll we ever be outside a "seller's market", without homes getting sold within one rotation of this Earth, and almost no questions asked...

[2bindenver]

Until inventory gets above 4 months, this will continue to be a white hot market.

[Willy702]

Originally Posted by smihaila

Yeah, happy and practical :-)
Your house seemed nice, indeed.

I'm currently looking to buy a home, in the Broomfield - Westmister - Thornton - Northglenn area, priced below 600K (without bankster). Tough chance getting a good one without too-high HOA, and without the typical carpet . Inventories seems to be very low, and just wondering when we'll we ever be outside a "seller's market", without homes getting sold within one rotation of this Earth, and almost no questions asked...

If you aren't finding something suitable now I'm going to guess the answer to your question is never. Between what you will perceive as a lack of quality or "fair" price the market will just continue to go past what you feel is a comfortable price to pay.