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Employee Relocation Assistance

Free employee relocation offered by Apartment GuyZ

Our free assistance includes access to online listings, live chat support, individual assistance from qualified locators and advice on where to live in Denver.

It’s free because hundreds of landlords want employees of the largest Denver employers to live at their property, so they pay Apartment Guyz to bring employees moving to Denver to their rental properties.

Working with HR/employees on relocation

Denver employee relocation programs are rarely sponsored by companies anymore and the cost of moving to Denver generally is the responsibility of the employees.

Even some of Colorado’s largest employers like Dish Network, Echostar, Comcast, Kaiser, and Ch2M Hill no longer contribute company dollars to moving an employee to Denver.

Apartment GuyZ ensures employees get the best price available in the nicest rentals reducing the stress and cost of moving to Denver. Employees have an easier time moving to Denver and employers have an employee more focused on their new job than wondering if they made a good choice.

Flexible leasing options for employees relocating to Denver

One of the largest expenses in moving to Denver is obtaining a short or long term rental. Denver rentals are priced by demand and by length of the lease, making odd lease times extremely expensive.

Our agents know the market inside and out, and can offer guidance on the properties that offer more flexible lease options or a better deal on pricing. We pride ourselves in our expertise and knowledge and ability to steer people towards the rental that fits their budget and wish list.

Even if you work for a smaller company or your employer is not on our list of employers eligible for rental discounts and free rent we are continually adding to all Denver employers large and small.

Apartment GuyZ relocation services

We’ll work with you closely to implement the goals of your relocation program effectively whether it’s a large group move, key employee relocations, high level executive transferee, individual relocations, families, domestic or international moves.

We provide placement throughout the Denver metro area including DTC, LODO, downtown, Cherry Creek, Boulder and the Highlands.

  • Rental finding & locating
  • Temporary housing assistance
  • Neighborhood 0rientation & tours (when available)
If you are an employer wanting assistance for your employees or are an employee relocating to Denver for work and want more information about the Apartment Guyz free employee relocation program please call the employee relocation hotline at 303-649-0705.

Moving to Denver: Market Update

A City on the Rise

Moving to Denver is an exciting experience. We are currently attracting well educated young professionals, retirees, students, and people just looking for a better climate and lifestyle. Denver has a relatively mild climate with many outdoor activities like Skiing and hiking as well as great beer, sports teams and a growing foodie scene.

So it’s no surprise people are taking notice (and probably why you’re reading this now).

Redefining Apartment Living

Over the last few years Downtown Denver has had a total remake including thousands of brand new upscale apartments. Along with rising prices, these communities bring convenience and luxury to living in Denver to a whole new scale. Working with more than 600+ communities, we’ve seen about everything including:

  • Rooftop pools
  • Heated garages
  • On-site personal trainers
  • Maid and pet walkers on call
  • Valet car parking
  • Bike repair shops
  • Dog washes
  • On-site markets

Of course, not every property boasts all these amenities (nor should they). However, this level of service in so many downtown Denver apartments means renters can not only enjoy more upscale options but also the more typical amenities are becoming common place (dishwashers, garages, etc).

Additionally, 2016 will see another 1,000+ apartments added to the market. Many of these properties are going into the suburbs like Littleton, Lakewood, Denver Tech Center, and Aurora — in addition to growing neighborhoods such as Sloans Lake.

The great thing about these apartments is the location. Most of these brand new apartment communities are built on the light rail.  For a map of the light rail system visit RTD here.

Many Denver apartment communities advertise direct access to the light rail but that may not be the case.  Still, with an overall approval rating of 4.2 out of 5 even if you have to make one transfer from bus to light rail these properties will still be a good option.

Apartment Units Up, Vacancies Down

Despite the additional properties coming to Denver, the influx of people is still outpacing construction. Ongoing reports show vacancies (the amount of available rentals) continue to shrink — and available rent specials and good deals shrink right along with it.

Fortunately, Apartment Guyz are experts in researching options for you. Find affordable luxury Denver rentals that best fit your needs based on personality, commute, budget, credit standing, location to public transit, and more.

Contact Apartment GuyZ today at 303-649-0705 or start your search now.

Denver Apartment Boom: What it Means for Renters

After years of stagnation, Denver is experiencing an apartment boom. But what does that mean for renters? Not as much as one might hope, according to predictions by MPF research.  According to them, while apartment developers began an aggressive building spree it is largely upset by the droves of new job seekers in the Denver metro area.

In fact, the Denver Business Journal reported today that average rents climbed again in the fourth quarter 2014, increasing by 12 percent to $1,168 from $1,041 in the same quarter of 2013.

So while business is booming, it appears that 2015 will still be a tough rental market. That means deals and units  — unless vacancies increase — are harder to find without help. The good news? Denver’s vibrant economy creates jobs, which typically generates apartment demand and investment.

Rent vs. Buy in Denver

Is it better to rent or buy in Denver?  The answer is yes and no.

We ran some sample calculations using the NY Times Rent Vs. Buy calculator and plugged in some Denver home owner statistics to find some Denver rent vs. buy statistics to share with you.

Let’s start with 1 bedroom rent vs. buy

Right now, the average price of a 1 bedroom condo is $173,000.  Of course there are cheaper and pricier locations but this is the median price of a 1 bedroom condo in the Denver metro area.  Because condo prices are stagnant I don’t expect there to be a positive or negative change in condo value for the next couple years.  3 years from now when developers start building condos again there will most likely be a drop in value, so let’s just keep the median price at a zero percent change for the next 7-10 years.   For a rental equivalent to a $173,000 condo you’ll expect to pay at least $1200 rent  for a 1 bedroom when you factor in a garage which most condos at $173,000 will have.   Note that you can vary numbers and come up with your own statistics, but I’ve ran the numbers for condos in many price ranges and they are all coming out with a similar result.

You must keep your 1 bedroom condo in Denver for at least 14 years to save money when factoring rent vs. buy.

Some variables you can use are property tax at .5%.  Also use some advanced settings to factor in your HOA dues ($200 or more), cost of buying a home (4%), Cost of selling home if you have to leave before your 7th year (5%), 30 year mortgage,  10% down payment, 2% inflation rate.  I included the 5% cost of selling home because if you have to sell in your 8th year of ownership that is a very important cost  to factor in.  At best for 1 bedroom condo rentals I came up with 6 years, if you get an amazing area in an up and coming neighborhood and the neighborhood does really make it up. rent vs. buy

Now let’s consider 2 bedroom apartment rent vs. buy

The average 2 bedroom condo sale price this year is $250,000.  The lowest active listing I found was $89,000 and they go up into the $500,00-$1,000,000 range in the more upscale locations.  Using similar variables to our 1 bedroom experiment except that we are going to give a 1% variable on the Annual home price change because it’s much easier to sell a two bedroom condo vs. one bedroom condo.  Rent you can expect to pay for a condo that is equivalent to what you would pay $250,000 for is $1700 and may or may not include a garage.  This result is more promising with buying being better after only 5 years.

Finally, let’s consider a three plus plus bedroom rent vs. buy option in the Denver metro area.

The area median home price for the Denver Metro is $290,000 as reported by the Denver Post.  A three bedroom rental is going to cost around $1900 for something that is equivalent to a $290,000 home price.  This experiment is tricky, so it’s best to start researching how big of mortgage you can qualify for, see what you can buy in the area you desire, and then search for rentals.  This is where a real estate expert like Jane Hannen who does both rentals and sales come in handy.  Please contact me for her contact information or use the contact form on this site.  For variables I left the $200 association fee as it’s common and recommended to live in a planned unit development to ensure your neighborhood is well kept.  If you stay in your home for 6 years, buying is better.  There are so many variables with a 3 bedroom rent vs. buy analysis that I  cannot stress the importance of consulting with an experienced real estate agent like Jane.

In conclusion, a one bedroom condo is not a good purchase unless you are a long term investor and there is no possible way you will leave Denver in the next 14 years.  Two bedroom rentals are slightly better investments at only 6 years but this is contingent upon another 4-5 years of no new condo development.  Condo development is at a standstill in Denver and has been for the last 2 years, but pent up demand may be on the horizon in 2-3 years which would drive down the price of existing 2 bedroom condos in the Denver metro area.  Three bedrooms are really better to buy when you have settled down and have no plans to leave the area for 6 years and it’s imperative to seek the advice of an experienced real estate agent.

Want to learn more?

We’ve compiled some handy links to help you do your own rent vs. buy analysis for Denver

http://www.nytimes.com/interactive/business/buy-rent-calculator.html

http://www.bankrate.com/calculators/mortgages/rent-or-buy-home.aspx

This is a good site to tell you not only what you would qualify for, but if it’s a smart decision based on your financial situation to rent vs. buy.

http://www.trulia.com/real_estate/Denver-Colorado/market-trends/

Denver market trends

By Brandon, Owner, Apartment GuyZ

Brandon has been finding Denver rentals for renters in Denver for over 13 years, and have been a licensed Colorado real estate agent for over 15 years. This gives me unique insights that most real estate agents focusing on either rentals or sales will not have.