There are great loans for duplexes in Denver, including $1,000 or less down. For a free list of loan programs for first time home buyers, please call (303) 222-0027 or e-mail firstname.lastname@example.org.
The best part about a duplex? No homeowners association! This means that you will not have to pay a monthly HOA fee, and you won’t be subjected to rules and regulations, including restrictions on pets!
While the duplex is a fairly common configuration found in Highlands, Washington Park, Congress Park, City Park, Cherry Creek, and other Denver neighborhoods, there are also a smattering of triplexes and four-plexes in these areas.
With a duplex, you’ll generally have a “party wall” agreement with the other owner, which is a legal document that guides how you’ll take care of maintenance on the building and yard, how you’ll handle utilities, and more.
If you’re considering a duplex as your first home, here are criteria to consider:
It’s often easier to find a first time home loan for a duplex than it is for a condo or a loft. To qualify for an FHA loan or VA loan, the duplex needs to be in good shape, not in need of a new roof and/or other major repairs.
Please note: In order to explore your options when considering buying a duplex in Denver, contact us for your free consultation. We are experienced real estate agents who absolutely love working with first time home buyers. We can help you find duplexes in all price ranges throughout the Denver metro area.