The latest stats regarding cities like Denver and Colorado Springs have been worrying home buyers for a while due to the rapid growth of home prices over the past couple of years. However, the good news is that locals actually find it more advantageous to rent than buy, and it can be even more of an asset to wait and keep paying rent before buying.
Although renting in the Colorado area was considered to be the best option everywhere around 2004 – 2006, it wasn’t until 2012 that people really started shifting from buying to renting. Despite the fact that the average monthly rent in the area has actually increased since then, the number of available jobs, the quickly improving living conditions and the new homes built in Colorado over the past few years have actually made renting a house or apartment to be remarkably advantageous.
Considering that Denver has one of the lowest unemployment rates in the country, the fact that vacancies have dropped lately is no surprise. Also, with the increasing number of high end apartments, even executives looking to live in Colorado in style can rent some of the most upscale, well-designed and cutting edge homes in the entire country.
If you are considering renting long term, but have items that you cherish and have little room for, purchasing or renting spacious storage containers in Colorado Springs or Denver could be the option you are looking for.