Anyone buying a home in Pagosa Springs can look forward to a high quality of life in a peaceful mountain community with clean air and a low crime rate.

Buying a Home in Pagosa Springs

For those looking to enjoy a peaceful rural setting in the Colorado Rockies, buying a home in Pagosa Springs may be your best bet. Not only is Pagosa Springs real estate surprisingly affordable, but residents of the area enjoy a high quality of life and scenic surroundings, as well as a low crime rate.

Pagosa Springs Area:

Pagosa Springs, located on the southern edge of Colorado amid the Rockies, is home to just over 10,000 people, and the small town’s rapid growth (it has more than doubled in population since 1990), means that anyone buying a home in the area can expect to see a good return on his or her investment. Along with Pagosa Springs’ rural environment comes fresh air relatively free from pollution, streets without heavy traffic (average resident takes only 13 minutes to commute to work), and a cost of living that is somewhat lower than the national average.

The region is home to widely varying weather, with pleasantly warm, sunny summers (average daily high during July is 80 degrees) and snowy white winters (during the month of December, the city receives an average of over five inches of snowfall).

Pagosa Springs Homes:

As mentioned, buying a home in Pagosa Springs is an affordable option for most. The median house value during 2000 was $99,400, approximately a full third lower than the national average. As a result, more people in Pagosa Springs own than rent.

Buying

The most common home size of existing homes is three bedrooms, and most residences were built during the 1980s, meaning the average house in the city is significantly newer than the average house in the state. Since the town has a low population density, many homes, even reasonably-priced ones, come on large lots with several acres.

Building

If you prefer, you can custom-design and build your own home in Pagosa Springs. The price for building a new home is also quite reasonable; during 2003 the average cost was $106,000.

The Process of Buying a Home in Pagosa Springs:

Although this is not meant as a comprehensive checklist, here is a timeline for the order in which to do the most important things involved in buying your home:

• Find a realtor. It’s important that you do this first, because a good realtor will be able to help you take care of everything else you need to do. If possible, get a realtor who has been working in the Pagosa Springs area for at least five years.
• Find financing. Comparison shop for lenders, with the aid of your realtor, and when you have found a suitable financing option get pre-qualified and pre-approved.
• Create a budget. The amount you determine you can spend every month on housing costs may be different from the amount you can get pre-approved for. Adjust accordingly, and be realistic.
• Shop for homes. This is the fun part! Search for homes within your price range, and make sure you have prepared a list of home qualities you need and qualities you’d like. Be flexible with the ones that are not absolutely necessary.
• Close the deal. Don’t hesitate to negotiate the final price, with the aid of your real estate representative.

Buying a home in Pagosa Springs doesn’t need to be a stressful process if you approach it the right way, and living in Pagosa Springs is almost certain to be the exact opposite of stressful, with the area’s beautiful scenery and high quality of living.

A REALTOR® is a real estate professional who is a member of the National Association of REALTORS®