Phil & Laura King

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Question concerning buying a future retirement home in Fort Collins

Asked Wed Feb 20 2008, 10:02 by Mike Dean - Fort Collins - Market Conditions - 7 answers

Phil & Laura King answered:

Hi Mike, this is Laura and Phil King, Ft Collins CO. We are currently selling a beautiful townhome in SE FC that is in excellent condition. It is in the $200,000 range, which is a much better price point for the rental market. I suggest that you may be ahead to purchase two or three lower priced homes, such as this, to use as rentals for the next several years. They should appreciate as well as any homes and are at a good price point for easy sale. Then, when you are ready to retire into your $500,000 home, you can sell these lower priced homes and purchase whichever home your find attractive at that time - meanwhile your investment is appreciating without you worrying about renters damaging your future retirement home.This area is the "best" selling townhome in Ft Collins,most popular areas in FC, alot of very nice retirement people, 6 beautiful parks,stores,restaurants, the Interstate and major employers. Let us know your thoughts? Thanks, The Kings - Wed Jun 11 2008, 01:21

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