What You Want To Know Before Buying New Home

Dated: 12/12/2019

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                           Thinking about buying a new build? Well, think again! 

                                      

     Living in a brand new house is a dream to many home buyers. Here is some info that no one tells you when buying a brand new home in some of Denver Metro districs. These new districts are created by builders and developers who by Colorado law are allowed to elect themselves to the board of directors of that district and then use that position to finance their development projects with millions of dollars of public funding. 

                                                

       Yes, we, the homeowners must vote for any new taxes but who is the homeowner in a brand new district?  It is not developed yet, right? The voters are these developers themseves, with their family and friends. They act as taxing authoroties in that subdivision and buy goverment bonds to finance their projects. These bonds will be assessed to the future homeowner as their property taxes. So lets say that the first year property taxes are 900 dollars, then second year it is doubled and by year four living in a that home, taxes have incresed 4 to 5 times, which is enourmous amount of money. 

  These merto districts swim in a lot of debt, operate without any oversight or liability, and place the burden on the homeowner. The property tax obligation often surpasses the assessed value of the home, which makes it impossible for the homeowner to ever catch up.

    To see what your home could sell for, click here

  Denver CO Homes For Sale, Evelin Kahre Realty Inc. - EXIT Realty Cherry Creek – Evelin Kahre, Broker/Realtor located in Denver, Colorado. I specialize in real estate in Denver Metro Area, Colorado. We help our clients buy and sell in Denver, Aurora, Centennial, Lakewood, Arvada, Wheat Ridge, etc.   Dedicated to making sure you are working with a knowledgeable, local realtor, serving only your best interest in mind. For any Real Estate needs, feel free to call or text me, Evelin Kahre, at 720-297-0823

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Evelin Kahre

I moved to Denver, Colorado from the small country of Estonia in 1998. I have lived in Denver Metro area for the past 20 years and witnessed the area become one of the most desirable places to live in....

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