Are Former Meth Houses A Good Investment

Dated: 09/15/2019

Views: 90

You're house hunting and you come upon a home with a price that's too good to be true. It's priced way below market value for its neighborhood. After your initial excitement, you then start to question how it's possible this amazing home in a hot neighborhood is so inexpensive?

It's very possible, you may have stumbled upon a home that may have been a former meth laboratory. Here in the amazing state of Colorado there is a bit of a dark side. That dark side is methamphetamine usage.  

In 2018, according to the Colorado Department of Public Health & Environment, deaths related to meth use rose 1,450% in Denver between 1999 and 2018!

What are the implications of this in terms of real estate? With the above-mentioned statistics, a fair share of former meth homes will appear in the housing market.

In the linked podcast, our team will discuss whether former meth houses are a wise investment, and if the costs of remediation will offset any return. 

Link here: https://anchor.fm/lifestylehometeam

In summary, we'll be discussing Colorado's disclosure requirements; the costs of remediation; buyer and seller responsibilities; and if a former meth house is a good investment at all. 

Feel free to send me any questions at stephanie.flynn@evrealestate.com or visit my website at https://stephanieflynn.evrealestate.com

And...stay tuned for the second installment of this podcast topic where we talk with a home inspector on how he can tell whether a home was a former meth lab. 

Hope you enjoy the episode!

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Estefania (Stephanie) Flynn

With a background in marketing, Stephanie effectively leverages her real-world skills to bring her clients excellent real estate services and results. Always striving to be on top of the latest inform....

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