Don't Miss a Golden Opportunity to Invest in Washington Park Homes

You've heard it a million times before: location

, location, location. This couldn't be more true. Sometimes a neighborhood's name is everything in a home search, especially when it is beautiful and historical. Every city has a few of these neighborhoods where its homeowners are proud to say they live there and their friends are envious of their address. Homebuyers are usually willing to pay a premium for a community with impressive name recognition, a long history, unique homes, and beautiful surroundings. In Denver, this neighborhood is Washington Park.

There is just something unique about Washington Park homes. I was reminded of this last week as several historical Washington Park homes were featured at the West Washington Park Home Tour. With construction dates spanning 125 years, the tour represented the area's history well. There were six Washington Park properties featured at the event, including 627 S. Corona, which was built in 1873 for the park's founder, J.W. Smith. Another home on the tour was 615 S. Pearl St., which was built in 1891 for the Pastor of the then Reformed Presbyterian Church that is still next door. There was also a newly constructed home at 629 S. Corona St., which was awarded the 2009 Denver Metro Builders C.A.R.E. Awards Infill Award. The property was just built last year.

The event was a great sampling of Washington Park homes - a little bit of old and a little bit of new, but all of them were stunning. If you drive through the neighborhood, you will see the same thing. Washington Park homes come in many of ages, sizes, and architectural styles.

Washington Park has lots to offer Denver homebuyers. The community is located just south of Downtown Denver, so its residents have a low-stress commute to its business and cultural centers. For recreational enthusiasts, the community surrounds picturesque thepark of the same name that features a lake, a boathouse, and miles and miles of running trails.

Is there a downside to investing in the Washington Park community? Like in other prestigious neighborhoods, Washington Park homes are very pricey, compared to surrounding neighborhoods. You will pay a premium for living in a pretigious neighborhood with a solid history and a unique variety of homes. You must decide if the neighborhood is worth paying a premium for, or if you are happy with a larger house in another area

Washington Park's history, charm, and beauty secures its spot as one of the most sought-after neighborhoods in the Denver metro area. It is one of those neighborhoods that will always be desirable to homebuyers, meaning that home values in the neighborhood will always be fairly stable, even through future real estate downturns. Washington Park homes are a solid investment for the future, so don't miss out on your opportunity to purchase one during a slower market with historically-low interest rates.

Don't Miss a Golden Opportunity to Invest in Washington Park Homes

By: Kristen Schaefer

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