Stay. Improve. Elevate. Why Remodeling Your Luxury Home Make
By Artisan Homes Colorado
For many homeowners, the question of “Should we remodel or sell?” has never been more relevant. In the Denver metro area — particularly in Cherry Hills Village and Greenwood Village — market conditions have shifted in ways that make remodeling a smart strategic choice for luxury homeowners.
The Local Market: A Snapshot
Recent data shows the housing market in the 80113 area (which includes parts of Greenwood Village and nearby communities) remains competitive, with a median sale price of approximately $731,000 and homes selling in about 30 days — though the number of sales has dropped compared to last year.
Meanwhile, Cherry Hills Village continues to be among the most premium markets in Colorado, with median home prices hovering above $4 million and homes selling quickly — often in under two weeks.
In Greenwood Village, home values are generally strong, though median sale prices have seen some downward pressure, with homes averaging around $1.7 million.
These unique market conditions are creating interesting choices for homeowners:
- High home values — especially in premium areas like Cherry Hills Village — help preserve equity.
- Market shifts and cooling trends mean buyers are more selective, and homes can sit longer and sell for less than peak prices in some neighborhoods.
So what does this mean for your decision?
Why Remodeling Might Be Better Than Selling
1. Preserve and Grow Your Equity
Homeowners in high-value areas already have significant equity in their properties. Instead of selling and paying closing costs, moving expenses, and potential price concessions in a shifting market, you can invest that equity right back into the home you already own — increasing comfort and value without giving up your Prime location.
In communities like Cherry Hills Village and Greenwood Village, where land values and desirability remain strong, improving a home’s function and aesthetics often leads to increased value without the disruption of moving.
2. Market Timing Is Uncertain
While high-end markets remain competitive, the broader Denver metro area has shown signs of cooling and more inventory — meaning buyers are more selective and negotiations are more common. In this environment:
- Selling might not fetch peak prices buyers were willing to pay a year or two ago.
- You could end up purchasing your next home at similarly high prices without sufficient new value to balance the move.
Rather than risk selling low and buying high in a shifting market, remodeling lets you capitalize on your current investment.
3. Tailored Living for Today’s Lifestyle
Many luxury homeowners in the Cherry Hills Village / Greenwood Village area purchased properties years ago — before today’s trends in open floor plans, indoor-outdoor living, and high-performance kitchens and baths were mainstream. A thoughtfully designed remodel gives you:
- Spaces that reflect how you actually live today
- High-end custom finishes that deliver pleasure every day — not just value
- Thoughtful upgrades that increase long-term desirability if you do choose to sell later
This is true luxury: homes that are beautiful, functional, and built for the modern lifestyle.
4. Return on Investment and Value Enhancement
Strategic renovations — especially kitchens, primary suites, and whole-home reconfigurations — often yield strong returns when compared to the cost and hassle of relocating. In premier neighborhoods where buyers expect quality and attention to detail, a truly exceptional remodel can set your home apart from others on the market.
Trust the Experts — Not Just the Market Narrative
Selling isn’t always the right answer just because prices are high. In markets like Cherry Hills Village and Greenwood Village where values are unique, and inventory can be unpredictable, making smart long-term investments in your existing property can be far more rewarding — financially and emotionally.
At Artisan Homes Colorado, we specialize in complete, high-end luxury remodels and additions that respect the integrity and heritage of your home while elevating its performance and beauty. Whether you’re considering a dream kitchen, a seamless addition, or a whole-home transformation, we will partner with you to maximize value and create spaces that truly fit your life.
Ready to reimagine your home?
Contact us for a free consultation — and let’s explore how we can enhance what you already own and love.