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Updated 2 months ago on . Most recent reply

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Ethan Hartter
  • Rental Property Investor
  • Denver, CO
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Property Owner in Denver, CO looking for a Designer & Contractor

Ethan Hartter
  • Rental Property Investor
  • Denver, CO
Posted

Hi! My wife and I own a 3 bed / 2 bath home in South Denver. It backs up to a hospital, has a massive back yard, and has a two car garage. The property used to be our primary residence, but about a year ago, we moved to Aurora to be closer to family and friends. I recently learned that Denver passed legislation late last year allowing ADUs to be built on all residentially zoned properties. Right now, we're basically breaking even with rent at $3200. 

I'm attracted to the idea of 1) renovating the garage to turn the house into a 4 bed / 3 bath home and/or 2) constructing an ADU and renting that out separately. I'm also planning to list the property on Furnished Finders to target the mid-term rental market given the property is so close to a hospital.

The challenge is that I have no interest in learning the ins and outs of local regulations to determine what (if anything) is actually possible on the property. It does have a unique shape compared to properties around it, borders a utility easement, and still has all of the normal setback requirements. I'm looking for someone who would be willing and able to help me figure out what my options are. 

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James Carlson
  • Real Estate Agent
  • Denver | Colorado Springs | Mountains
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James Carlson
  • Real Estate Agent
  • Denver | Colorado Springs | Mountains
Replied

@Ethan Hartter

You say "South Denver." Are you actually in the city of Denver? If you happen to be in Centennial, they allow non-owner occupied short-term rentals, so you could operate an STR if you were interested. (Airbnbs are more money ... and a little more work.)

In terms of designers, I've had a few Airbnb clients in the Denver area use Terri-Leigh at Found Home. They were very happy and their STR revenues would say it was worth it.

Good luck. 

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James Carlson Real Estate

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