Profile picture for BoulderHomeHunter

20 minutes drive worth 100K ?

We are planning to buy a townhome in Boulder, CO. Average price is 350 K. If we go to suburbs, we can get it for 250K. Just wondering whether daily drive of 20 min (oneway) to work is worth the saving.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 29 2009 - Colorado University
We think we've answered this question for you!
 
 

Replies (11)

Profile picture for ricon
As far as I know for 250k You can get much better townhome in Broomfield or Flat Iron than in Boulder. For me Boulder is overpriced
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 29 2009
Profile picture for wetdawgs
That is a decision only you can make.    It depends on your destination in Boulder, because across town at rush hour can take more than 20 minutes.   If you are CU focused, then Lousiville has a lot going for it.  If you are working in north Boulder, then perhaps Longmont or Lyons.  Go to the areas of condo interest at times you would commute, and drive from place of interest to destination several times so you know what it means really.   Do not think traffic at 2 pm or 10 am is representative of commuting traffic!

(We lived in Boulder proper, and were glad we did.  We wish we were still there!)
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 29 2009
You need to determine commuting time based on where you are working compared to where you might live. 20 minutes is nothing for many people and not really an issue if it's really just 10 minutes more than the $350K alternative.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 29 2009
People living in Boulder would say no which is why they live in Boulder.  If you ask the people living in Longmont, Lafayette, or Broomfield they will say YES it is definietly worth the extra 20 minutes.  Only you know what type of person you are.  I live in Louisville because I would rather live in a house 20 minutes from work than a condo 5 minutes from work. 

There are different personalities for each town - one of them will fit you perfectly.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 29 2009
Profile picture for jonestim
Here are a few pages that let you figure your "cost of commuting" each month.  Figure it with current cost of gas, and if prices were to return to last summer's prices - or go even higher.

http://www.costofcommuting.com/

http://www.commuterpage.com/Userweb/CostCommuting/CostCommuting.htm

http://www.commutesolutions.com/howmuch.html

I'm the type that would pay more for no commute.   The furthest I have lived from work in the last 15 years is about three miles.  That time spans three cities and jobs,  and about eight houses.

A site that I like that will influence the next house I buy is http://www.walkscore.com/ , and zillow now shows the walkscore of houses right on the page.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 29 2009
Profile picture for Good Shepperd
yes it is , you need time to get home and clear your mind  , just b a careful driver n enjoy your savings!!!
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 29 2009
Profile picture for Pasadenan
Well, at $100 per hour, that is about $25k per year for your time alone, let alone the transportation costs, insurance, and maintenance.  I believe the government still states it costs about 40 cents per mile excluding one's time?  (Went up to 54 cents per mile at the end of last year).  So about $20 a day excluding time? So about $5k per year just for the car, gas, insurance, oil, maintenance...?


But perhaps driving is "recreation" to you?  And perhaps you are doing other things during the commute, such as taking college courses by tape or learning foreign languages?  And maybe you only make $7.50 per hour?

And really, the key is where you will be working 3 years from now?  Will you still be in the same job for the same employer?  Or will you be working from home?  Or will you find an employer that encourages telicommuting?
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 29 2009
Profile picture for BoulderHomeHunter
Thanks for your replies. More specifics. I work in South Boulder - job is reasonably secure.   My daughter goes to an elementary school in S. Boulder. My wife is presently not working - we have a new baby.  The suburb is Louisville, about 15 min drive from work & my daughter's school. Another attraction for the house in Louisville is its proximity to RTD bus stop. It takes about 25 minutes (walk included) by bus to reach home.  Though we really love staying in Boulder proper (we are renting here now), we are some what confused about a selection between an expensive Boulder home or 100 K less Louisville home.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 30 2009
Profile picture for wetdawgs
I've many friends with families and young children who've been very happy living in Louisville and commuting to Boulder.    Louisville is very family friendly, but of course, it isn't Boulder!  Spend lots of time there before making the decision.
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 30 2009
I made the Louisville decision for my young family.  I haven't looked back - Louisville is a very nice community that is full of people in a similar situation to you.  Great schools, town, and location - the prices are steady like Boulder.  There is no more buildable land left in Louisville which will cause a steady rise in home values over time.

[content removed by moderator for being self promotional]
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
June 30 2009
Louisville isn't much cheaper than Boulder though. I have a new townhomes listed there for $500k, and that seems pretty typical from what I can see. Superior, Lafayette, and Erie are all still close to Boulder and offer great units at a fraction of Boulder or Louisville prices. In fact, there are gorgeous brand-new townhomes in Erie for about $240k (that blow away the $500k units in Louisville).
  Flag content
Close
Report a Problem

Please enter a valid email address.

Close
Content flagged

We will review this content. Thanks for helping make the site more useful to everyone. To learn more, read Zillow's Good Neighbor Policy.

Close
We're Sorry
This service is temporarily unavailable. Please come back later and try again.
4 days ago
 
  • Be a Good Neighbor. Be respectful and on-topic. No spam or self-promotion! See our Good Neighbor Policy.
Related Discussions
20 minutes drive worth 100K ?
Profile picture for David  Hakimi
Latest reply by David Hakimi
4 days ago | 11 answers
Mortgage Rates
 
Be A Good Neighbor

Zillow Advice depends on each member to keep it a safe, fun, and positive place. If you see abuse, flag it. More on our Good Neighbor Policy.

Homes for Sale
  1. 936 Grant Pl, Boulder, CO Home For Sale
    936 Grant Pl, Boulder, CO 80302

     For Sale: $725,000

    • Beds: 4
    • Sqft: 2272
    • Baths: 2.0
    • Lot: 6098
  2. 850 19th St, Boulder, CO Home For Sale
    850 19th St, Boulder, CO 80302

     For Sale: $574,000

    • Beds: 3
    • Sqft: 1328
    • Baths: 1.0
    • Lot: 4791
  3. 740 9th St, Boulder, CO Home For Sale
    740 9th St, Boulder, CO 80302

     For Sale: $525,000

    • Beds: 2
    • Sqft: 1389
    • Baths: 2.0
    • Lot: 3