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It's a common question. How do you know if a home will be a good investment? There are many factors to evaluate when purchasing a home, but a potential home's neighborhood is one of the mostimportant things to consider. In the current real estate market, it is a good idea to consider a neighborhood, along with the property itself, since the neighborhood will have a significant impact on the home's current and future value. Homebuyers place a large emphasis on a neighborhood's appeal and reputation, especially in slower real estate markets. Denver's Sloans Lake neighborhood is a perfect example of this, since Sloan Lake homes have not only held their values quite well throughout the real estate downturn, they have risen. According to Zillow.com, the average price point for a Sloans Lake home is $275,000, making it more affordable than surrounding neighborhoods. However, don't let this lower price point fool you, since Sloans Lake home values have performed extremely well throughout the real estate downturn, boasting a year-over-year average home value appreciation of nearly 10 percent. This is obviously quite impressive in the current buyer's market, and a sign that Sloans Lake homes are a wonderful investment. If this popular Denver neighborhood has been able to withstand the past few years, there is nowhere to go but up from here. Why have Sloans Lake homes made such a good investment over the years? One of the most appealing things about Sloans Lake homes is that they encompass a plethora of appealing architectural styles, including popular bungalows, so there is something for every homebuyer. While most Sloans Lake homes were constructed in the mid-20th century, there are also many modern properties and loft projects to choose from. Sloans Lake homes also make attractive projects to renovators who are looking for older properties to remodel. What makes Sloans Lake unique from other Denver neighborhoods? There are many factors that make Denver's Sloan Lake neighborhood attractive to homebuyers,including its desirable location and amenities. The neighborhood is located just five miles west of Denver and offers direct access to Denver's public transportation system. Residents can travel to Denver's cultural and business centers by walking or riding a bike The community also encompasses the 177-acre Sloan's Lake Park that boasts a lovely lake and recreational area. Finally, Sloans Lake homes make a good investment since the neighborhood is run by a solid homeowner's association - the Sloan's Lake Neighborhood Association. It is very important that a neighborhood is overseen by a strong association. Because of its unparalleled desirable location, Sloans Lake homes are a good investment in the present and in the future. Sloans Lake homes are a great real estate investment.
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