Rent to Own Homes in Arvada

Known as the “Celery Capital of the World,” the city was founded as a farming community and was greatly influenced by key figures like Hiram Arvada Haskin. With architectural preservation and a long line of small businesses, the downtown area is still as charming as a small town many years in the past. This area is also referred to as the Arvada Historic District or Olde Town and is home to many community festivals designed to bring residents together. This is a community that supports small business owners, and it’s an ideal setting for entrepreneurs.

One of the most prominent sections of Arvada today is Ralston Creek. This is a revitalized area that was formerly known as the Arvada Triangle. In an effort to restore the vibrancy that was once present in the region, the Arvada Urban Renewal Authority is reintroducing businesses and entertainment venues to create a modern community with dining and shopping opportunities. This is just one area that you may consider calling home if you’re planning a move to Arvada.

Buying a Home in Arvada

When you browse homes for sale in Arvada, expect to see prices between $400,000 and $700,000. There are some lower-price options on the market at times, but you will find that many homes selling for less than $300,000 are smaller and will often need some renovation before your move-in date. It’s common for homes in this city to receive five or more offers before a final sale is made, so you may want to make a swift offer if you find a home that is perfectly suited to your needs. Working with a real estate agent familiar with the area will increase your chances of finding the best properties soon after they are listed.

Popular Neighborhoods in Arvada

The most luxurious homes tend to fall in the western half of Arvada with the most expensive properties in the northwest corner. This neighborhood is often called Leyden Junction or Wallace Village and is centered around the Rocky Flats National Wildlife Refuge. It’s also just north of Standley Lake, so you get a lot of beautiful terrain and outdoor recreation for the higher cost of living in the area. The median home price here is typically around $500,000. If you’re looking for a nice area with lower home prices, look more toward the center of the city where prices are often below $400,000.

Buying vs. Rent to Own Homes

You’re ready to purchase a home, but you know that you’re not in the optimal position to receive the best interest rate on your loan. Alternatively, you know that you want to make the move to Arvada but aren’t sure what part of the city is best suited to your lifestyle and professional goals. These are common problems for Colorado residents, and many find that rent-to-own properties are the ideal solution. These properties come with a unique contract that allows the buyer to start out as a renter, so you have the option of purchasing the home or moving out at the end of the rental phase.

While the goal is to purchase a home that you love in an area of Arvada that suits your budget as well as your personal life, you may not want to jump into the full home-buying process immediately. Rent-to-own agreements will help you move in the direction of homeownership without pushing you into the paperwork right away. Consider it the slow and steady path to owning your next home.

Cost of Living in Arvada

The state of Colorado is a close comparison to the average cost of living experienced throughout the United States, and Arvada is no different. While the cost of housing is approximately 30 percent higher than the national average, that is balanced out by lower-than-average prices for utilities, transportation, food and other daily expenses. You can also control your housing expenses by shopping for homes in less luxurious areas of the city or buying a smaller home in one of the more prestigious neighborhoods.

Summary

Arvada, Colorado, started out as a farming community dependent on the agricultural industry, but it’s now better known as a safe harbor for entrepreneurs and small business owners. The downtown area has the charm of a small town many years in the past and features many restaurants and small businesses operated by locals. Since the city is located just 12 miles from Denver, residents can also commute to the big city for employment while keeping their home life simple in a less congested neighborhood. Living in Arvada also places you within close proximity to the Rocky Mountains, so prepare to enjoy the great outdoors.