Real estate expert calls for upgrades to Littleton's existing homes over new developments

In a recent meeting of the Next Generation Advisory Board in Littleton, Colorado, discussions centered on the pressing issue of housing affordability and the future of community development. Board members expressed concerns that the current trend of new construction is not effectively addressing the needs of residents, particularly in terms of affordability and community character.

One key point raised was the observation that despite an increase in housing inventory, average home prices in the Denver metro area remain high, currently around $895,000. This suggests that new developments are not significantly improving affordability for potential homeowners. Instead of focusing solely on new builds, board members advocated for revitalizing existing structures, particularly those built in the mid-20th century, which possess architectural integrity. They proposed offering grants to homeowners and businesses to encourage renovations that enhance energy efficiency and modernize outdated properties.

The discussion highlighted a shift in demographics, with many residents moving into senior living or passing on, leading to an increase in home inventory. However, the board noted that while there is a growing supply of housing, the types of homes being built—primarily apartments—may not align with what families are seeking. Many potential residents are looking for single-family homes, which raises questions about the direction of future developments.

Board members emphasized the importance of maintaining Littleton's unique character and ensuring that new housing options reflect the desires of the community. They cautioned against creating an oversupply of housing that could lead to a "ghost town" scenario in the future, particularly as younger generations are having fewer children than previous ones.

As the meeting concluded, the board recognized the need for a balanced approach to development that prioritizes both the preservation of existing homes and the creation of new housing that meets the community's needs. This strategy aims to foster a vibrant, sustainable Littleton that remains attractive to future residents.