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She Wanted a New House in a New City. What Would $400,000 Buy in Colorado?

November 26, 2023
in Real Estate
Reading Time: 2 mins read
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She Wanted a New House in a New City. What Would $400,000 Buy in Colorado?

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Amy Phillips thought she would by no means transfer once more after she retired from educating second grade in Colorado and purchased a little bit adobe casita looking on the mountains outdoors Taos, N.M., in 2018.

However whereas New Mexico ultimately emerged from the pandemic, the life she had moved there for by no means returned. A volunteer job doing artwork schooling at a museum evaporated. Her circle of pals, who had weathered Covid collectively, drifted aside. She all of a sudden felt remoted dwelling in a rural stretch of sagebrush with solely coyotes and bighorn sheep for firm.

“I used to be prepared to return dwelling,” Ms. Phillips mentioned.

She had grown up close to Boulder, however now it was too costly for her funds of roughly $400,000, as was Denver. And he or she didn’t wish to reside wherever on Colorado’s extra distant western slope. So she selected Colorado Springs, a metropolis of almost 500,000 on the foot of Pikes Peak that was quickly rising with the arrival of cafes, bakeries and newcomers priced out of Denver.

[Did you recently buy a home? We want to hear from you. Email: thehunt@nytimes.com]

Ms. Phillips, 67, who lives alone and has no youngsters, wished one thing small however with sufficient enclosed outside area for her two huge canines, Rio and Nika. (She jokes that half of the sq. footage of her house is canine.) She additionally wished to discover a extra liberal nook of the historically conservative Colorado Springs, both close to downtown, an area faculty or the historic and touristy Previous Colorado Metropolis space nearer to the mountains.

“I didn’t wish to be in a suburban space or a bunch of tract properties,” she mentioned. “I wished one thing that had some thriller and a few character. Each time I checked out a list that mentioned, ‘Inbuilt 1900,’ I mentioned, ‘That’s my jam.’”

Rising rates of interest had cooled a shopping for frenzy within the space, however properties in her value vary and most popular neighborhoods have been nonetheless getting a number of provides and promoting inside 30 days.

“Her standards have been extraordinarily arduous,” mentioned her agent, Drake Guidry, a dealer affiliate with Keller Williams who linked with Ms. Phillips in March after she emailed the brokerage’s web site.

Amongst her choices:

Discover out what occurred subsequent by answering these two questions:

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