Is Buying a Second Home in Parker Right For You?

Tasha Carrington  |  May 31, 2023

Is Buying a Second Home in Parker Right For You?

A lot of people in America own more than one home. In fact, recent data indicates that there are as many as 7.15 million second homes in the U.S. The prospect of expanding to a second home is an enticing one, and it comes with many advantages; second homes can be used to generate profit through vacation rental, it offers tax benefits, and the house can appreciate over time. But it comes with a lot of questions and logistical concerns as well. One of the biggest questions one has to ask when investing in a second home is where they should buy.

One candidate for the location of a second home is in Parker, Colorado. Parker is a small town with a rich history and a lot of culture. There are plenty of homes for sale in Parker, and many of them would make a great fit for a family looking to branch out and move into a second house. Here are a few of the reasons why getting a second house in Parker might be a good idea for you.

Things to do in Parker

There are many advantages to living in Parker, and first and foremost among these is the neighborhood itself. Downtown Parker is an excellent place to visit for anyone interested in soaking up the local culture. In addition to a lively local restaurant scene, downtown Parker boasts plenty of venues for arts and culture. The PACE Center hosts concerts and plays, and local venues like Deep Space, Beautiful Art Picture Framing & Art Gallery, and Victoria Marie Jewelers showcase some of the local art that makes Parker so special. The city also boasts the Vehicle Vault, a historic automobile gallery and museum that doubles as an event venue.

In addition to arts and culture, Parker boasts many opportunities for residents to soak in the beautiful Colorado weather with sites like Auburn Hills Community Park and O’Brien Park, the latter of which also features a water park with various slides perfect for cooling off in the summer months. Parker also boasts several nature trails like Baldwin Gulch and Cherry Creek, which offer residents and visitors plenty of opportunities to soak in the region’s natural beauty. These features make Parker an ideal second home for people looking to escape the hustle and bustle of city life.

Seasonal sensations in Parker

There are plenty of seasonal attractions to explore in Parker, which makes it an ideal vacation home destination. In the winter months, Parker features an ice trail, one of the only ones left in the country, which meanders through Discovery Park and offers prime skating opportunities for winter guests. There are ample opportunities to relax by the fire and enjoy hot chocolate. In summer, Parker residents can enjoy a Fourth of July fireworks display, as well as family-friendly events like fun runs and princess balls.

Parker’s prime location

While Parker has plenty of local attractions to keep residents and vacationers occupied, its position in the heart of Colorado makes it an excellent first step for people eager to explore the rest of the state. The city is only a 40-minute drive from Denver and 20 more minutes away from Boulder. Both cities offer countless recreational opportunities and ways to soak up the rich cultural history of Colorado.

Outside the cities, of course, is the jaw-dropping natural beauty Colorado is known for, boasting iconic national parks like the Rocky Mountains, Great Sand Dunes, and Mesa Verde. Living in Parker gives you access to some of these incredible landmarks. If you’re interested in renting out your second home, you’ll likely find renters eager to experience some of the state’s grandeur.

Parker’s housing market

When it comes to homes for sale in Parker, the market right now is very competitive, and homes don’t generally stay on the market for more than 15 to 20 days. Like many other places in the U.S., Parker is currently a seller’s market, with more people trying to buy houses than there are to go around. While this generally means sellers can afford to keep prices high, home prices in Parker are currently on a bit of a decline, with a present median of around $650,000 to $700,000. If these trends continue, it could be a good time to look into buying a home in Parker for yourself. The resale value might not be too high for a while, but it should still be in demand for renters, giving you a chance to earn some extra income.

Your second home in Parker

Buying a second home is a big step for anyone and should never be taken lightly. There are a lot of considerations to be made, not only when it comes to location but in terms of financing and long-term plans. The city of Parker has plenty of advantages for those seeking recreation and culture in the heart of Colorado, but this is just one piece of the puzzle when it comes to adding a second property to your collection.

Ready to make a move?

If the possibilities of Parker have got you interested in branching out, the next step would be to reach out to a skilled and experienced real estate agent like Tasha Carrington. Tasha has many years of experience serving the Denver metropolitan area. With her keen eye for detail and in-depth understanding of local real estate, she is more than qualified to help you determine if a second home in Parker is a good fit for you. With her help, you can feel safe and secure in taking the first step to getting a brand-new property under your belt.

Tasha Carrington

Tasha Carrington

Associate Broker, Realtor®

About The Author

With over 20 years of experience styling, designing, and consulting special event clients, Tasha brings her expertise full circle encompassing everything real estate. Tasha's impeccable attention to detail, and keen understanding of local real estate dynamics combined with marketing plans customized for your individual property needs, ensures you will be professionally and personally guided throughout your real estate transaction process. Servicing the greater Denver Metro areas including Parker, Lone Tree, Aurora, Castle Pines, Castle Rock, and Highlands Ranch.

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