Westminster Property Management

What you need to know about Westminster property management and real estate investing

Pros and Cons of Owning Westminster Investment Real Estate

Westminster Property Management

Westminster is a diverse community when it comes to types of housing. It has many older homes that do present good investment opportunities at fair CAP (investment rate of return) rates. In addition, there are many areas of Westminster that offer newer and higher end housing. This attracts an economically diverse group of residents which creates stability in rental stock.

Rental rates are very high in Westminster due in large part to the great location which is close to Denver, but still offering affordable older houses for sales for both investors and home owners.

The biggest negative for owning investment real estate in Westminster is the city requirements and oversight of rental properties. The city of Westminster requires that all rental properties be register with the city (and pay a registration fee) AND the city performs annual inspection on each rental property. While well meaning, the results of requiring inspections and having a higher quality standard for Landlords than for owner occupied dwellings creates an unfriendly atmosphere for local investors. Investors should plan for additional expenses in registration and city required repairs that in our opinion can sometimes be excessive, needless, and burdensome. 

We recommend investors look to neighboring cities such as Thornton or Northglenn which offer more business and landlord friendly policies.

 

Pros

  • Future price appreciation
  • Diversity in types of housing stock
  • Close proximity to Denver
  • Strong rental rates

Cons

  • City required registration and annual inspections for all rental properties
  • Lower rated public education as compared to other cities
 
 

Overall Westminster Real Estate Investment Rating

D

 

Westminster Investment Rental Property Fast Facts:

Average Westminster Home Price: $327,800

Real estate appreciation over past 12 months: Up 12.1%

Average Westminster Household Income: $66,300

Percentage of Westminster homes that are rental properties: 37%

Westminster Resident Median Age: 35

Poverty Level: 10.6%

 

Median Westminster Housing Rental Rates +

Westminster Rental Trend Summary+

Adams County Rent Trends By Bedroom+

 

Top 5 Westminster property management companies – listed alphabetically
Blue Sage Realty
Colorado Management & Realty
Grace Property Management
Highland Realty
Real Property Management

 

Inquire About Our Services

303-255-1990

 
 
How much will my Westminster property rent for?
Click to receive a free custom rental analysis quote

 

 

Your free custom report is just a few clicks away!

 
 

Connect With Us

Affiliations

Affiliation Logos

Contact Us

Grace Property Management & Investment Corp.
2200 East 104th Ave., Suite 105
Thornton, CO 80233

Tel: 303-255-1990

Copyright © 2017 Grace Property Management. All Rights Reserved.
Website created by PMW | Sitemap



Grace Property Management & Investment Corp. is committed to ensuring that its website is accessible to people with disabilities. All the pages on our website will meet W3C WAI's Web Content Accessibility Guidelines 2.0, Level A conformance. Any issues should be reported to info@rentgrace.com. Website Accessibility Policy