It is anticipated that more than 35,000 town convention-goers will descend on Denver this August for the 2008 Democratic National Convention (DNC). The demand for temporary housing in the Denver Real Estate market is high, already surpassing the 17,000 hotel rooms the convention committee has blocked.
The numbers include 12,000 Colorado Democratic Party convention volunteers needing Denver housing and a base for operation. Multitudes of media are coming and need a place to stay. A large group of students who are part of the Campaign 2008 Democratic National Convention seminar will be staying on the campus of Regis University in Denver, Colorado. The rest of the housing hungry convention-goers and -supporters are pressing other real estate markets around Denver and surrounding suburbs into housing action.
If you don't have a best friend or relative living in the Denver area, then you're going to be in need of accommodations. Real estate companies in the area can be a real help when the housing gets tight. With the slowdown in the real estate market, many homes are standing furnished and empty. Owners and real estate brokers are eager to rent out that space for not only a little extra income, but on the off chance one of the renters will fall in love with Denver and the property and make plans to move here! What's more the homes are in top condition for showing, so they can make for delightful accommodations. These agents often rent homes for their clients, and have experience in the professional side of renting.
Local residents, especially those close to the event's main venue the Pepsi Center, are trying to rent out their condos, homes and apartments on their own. Independent listings by owners have popped up on Craig's List Denver (Denver. craigslist.org). A quick search during May, 2008 revealed 265 offerings with “DNC" in the heading. Prices ranged everywhere from $400 to $50,000 per week.
While demand for accommodations in the 80202 ZIP code may be high, renting out a home isn't as simple as it sounds. Essentially, someone without any rental experience has to realize they are turning their home into a business. Owners will be responsible for paying the city's lodging tax, providing maid service, sheets and towels, phone, cable and high-speed Internet access. All closets and dressers should be cleared out and the kitchen fully equipped.
Another option is corporate housing groups. Often, they will hold your advance payment in escrow and disburse the rent due to the property owner only at the end of your stay. If a problem arises, they will be on call to help solve it. The property may be inspected prior to the lease signing to assure it is as advertised and again just prior to the move-in date to assure move-in ready conditions. With a corporate service, as well as with a real estate broker, renters have the advantage of an agent who will facilitate requirements and requests to ensure the rental experience is pleasant for both property owners and renters.
If you haven't started your search yet, here are some helpful websites for finding housing: www.rentdnc.com, and www.dnchaus.com.
The Colorado House Finders’ Real Estate Consulting team are experienced, professional real estate agents with certifications in Real Estate, Lending and Appraising, who specialize in Denver Colorado real estate .
Denver MLS listings, contact Colorado House Finders or ColoradoHouseFinders.com .