Accommodation in Denver
Finding accommodation in Denver is one the major challenges facing new arrivals in the city. With the growth of new job opportunities in Denver, the city has become a popular destination for both people from abroad and those from elsewhere in the USA.
Due to this increase in new arrivals, the demand for property has risen and although there is lots of new housing being built in Denver, supply is unable to keep up with the ever-increasing demand. As a result, both property prices and rental rates are progressively increasing.
Despite this trend, however, expats will still find that both the cost of accommodation and the general cost of living in Denver is far lower than in most major US cities such as New York, San Francisco, Boston and Chicago.
Types of accommodation in Denver
There are a range of different housing options available in Denver. From luxury apartments and condominiums in the city centre to larger ranch-style family homes in the suburbs, there is something to suit any expat’s requirements.
However, expats moving to Denver need to be somewhat flexible when house-hunting as they will find that their choices will be limited by the lack of supply in property in the city. Whether renting or buying, expats will need to act fast if they want to secure a home in the city, and being flexible on one's requirements will make it easier to find a suitable place.
Generally, most expats want to live in metropolitan Denver and they have to pay a premium for the privilege of living close the city’s major attractions and facilities. Exploring areas and suburbs of Denver that are a little further afield will give expats more choice and better value for money.
Renting accommodation in Denver
The majority of expats relocating to Denver opt to rent rather than buy a home, at least initially. However, people are finding it very difficult to find suitable rental properties in Denver at present.
The internet is usually a good starting point in one’s accommodation search, though many of the properties advertised online get snapped up very quickly. Hiring a real estate agent can be useful in getting a jump on the competition and is particularly useful if expats aren't sure of what areas will best suit their needs.
Most people moving to Denver are eager to move into the city centre because of the facilities on offer there but this is also where the shortage of properties is highest, allowing landlords to hike up rental rates. Expats who are willing to move beyond the city centre to the suburbs will find that their choices increase, as does the size of the properties.
Utilities in Denver
Regardless of whether expats are looking to buy or rent property in Denver, it is important to factor in the cost of setting up utilities and paying the necessary bills.
Those renting property in Denver should consult the conditions of their lease to find out more about their utility payments. In most cases, landlords assume responsibility for setting up utilities like gas, electricity and water and tenants deal with optional extras such as telephone lines, internet and cable television packages. Those buying property in Denver will have to arrange for utilities to be set up themselves.