Month: February 2022

Home design in Durango has evolved as homeowners’ preferences and demands have changed throughout the years. Here is our guide to the kinds of homes available in Durango.

Condominiums

Durango has seen a number of apartment complexes converted to condominiums in recent years. Condos are generally cheaper and require less maintenance, making them appealing to first-time homebuyers or those looking to downsize.

Townhomes

Townhouse owners often own the ground on which the home is built, as well as front and backyard areas that come with the house. This can be a great investment for a small to middle sized family.

Farm House

The natural beauty and open spaces in Durango makes it a perfect place for farm or ranch houses. This type of house enables a residential purpose in an agricultural setting. The property is entirely yours, so you can do whatever you want with it, such as farming and gardening.

New Construction

New construction homes are designed to require less care and upkeep. They are built in compliance with the most recent laws and safety regulations. These homes are a great choice for home buyers who want to move in fast.

Many families today prefer layouts that have energy-saving components, abundant natural light, and well-designed outdoor areas. These the are most commonly seen house styles in Durango:
Victorian Architectural Style

Durango is an old historical town with many Victorian style homes originating from the late 1800s. Furthermore, during the 1950s and the 1980s, many Durango dwellings were styled after the mid century architectural design.

Craftsman Style

A craftsman home is a structure that was built with the highest quality standards. This style was extremely popular in the early 1900s, and it is now making a comeback.

Colonial Home Style

Colonials are multi-story and highly symmetrical structures. The windows are evenly spaced along the edges, and the door is exactly in the middle. They have chimneys and stonework.

Mountain Contemporary

Because of these preferences, we’ve witnessed an increase in mountain contemporary architecture in new houses. This is a distinct design that works well here in Durango and the nearby region due to the abundance of natural beauty as well as the availability of local materials such as rocks and woods.

Are you looking to buy or sell a house in Durango, Colorado? Allow our Durango real estate specialists to assist you!

A small house is defined as a residence with a floor area of 100 to 200 square meters. This floor area typically contains a standard or double garage but excludes outdoor areas such as gardens, decks, porches, and so on. Small house plans have several advantages, including, but not limited to:

Reduced construction costs
Mortgage debt is reduced.
Best suited for most building lots
Reduced maintenance and cleaning expenses

When house owners want to build a smaller home, they can spend more money to get higher quality outcome because the floor area and square footage needed are reduced, resulting in a lower overall cost.

Small House Design Factors

The internal strategic plan of a small house causes more oversight because of the reduced floor area. Homeowners must make the most of every precious square metre of space, so when designing a small house, the following factors should be considered:

Make certain that each room or space has an effective and functional design that is no larger than what is necessary.
Take into account the furniture configurations for each room or space to ensure that all of the necessary furniture can be accommodated.
Consider built-in furniture – most times, built-in shelves, storage cabinets, seats, and desk tops can eliminate the need for extra free-standing home furnishings.
Assess your storage needs to ensure that you have enough space–A small house will feel cramped if there isn’t enough storage space for all the usual household objects.
Possibility of making spaces versatile or dual use, such as a third bedroom that can also serve as a second living space or a study.

A small house does not necessarily imply that it will be congested and claustrophobic. On the converse, a small house can feel almost as open and comfortable as a larger home. A good architect and interior designer can help you come up with layouts that will use the space effectively.

Thinking of buying a small house in the beautiful neighborhood of Durango, Colorado? At River Valley, there are various well planned small house layout designs available for you to choose from.

The down payment is one of the most significant upfront costs when purchasing a home. The down payment, not to be confused with closing costs, is the chunk of the original cost that you pay directly at closing. Here is our guide to buy a house for cheap in Durango.

No-Down-Payment

A large down payment is not required to purchase a home. Some no options are available to assist first-time homebuyers in creating capital. There is also down payment assistance available to help you obtain a mortgage with no out-of-pocket expenses.

Grants and loans are available from federal, state, and non-profit organizations, as well as mortgage lenders, to assist first-time buyers. Down payment assistance (DPA) can assist you in buying a home without cash upfront. A no–down–payment mortgage facilitates home buyers to buy homes with no money required at closure, other than usual closing costs.

Loan To Cover Your Upfront Costs

Other options, such as the FHA loan, the HomeReady mortgage, and the Conventional 97 loan, have low down payment requirements as low as 3%. Mortgage insurance rates are typically associated with low and no-down payment mortgages, but this is not always the case.
There are about two major loan programs that require no money down: the USDA loan and the VA loan. Both are accessible to first–time home buyers as well as repetitive buyers. They do, however, have special eligibility conditions in order to qualify.

The USDA loan has several key advantages, such as:

There is no down payment required.
There is no maximum home buying cost.
Interest rates below the market
At closing, the upfront guarantee fee can be incorporated to the loan amount.

Some key benefits of the VA loan are:

There is no down payment required.
Minimum credit score flexibility
Mortgage rates below the market
Bankruptcy and other negative credit data do not automatically disqualify you.
There is no need for mortgage insurance; only a one–time funding fee that can be incorporated into the loan amount.

Low-Down-Payment Mortgage

Before homebuyers needed to put down 20% to purchase a home. Many homebuyers, particularly first-time buyers, simply do not have a 20% down payment saved up. It has become largely relevant as housing prices in so many U.S. housing markets increase dramatically. Our staff at River Valley can help you find the best houses at an affordable price.