Buy vs. Rent

Cost of Living: Mancos vs Durango, Colorado

Mancos, nestled in between Durango and Mesa Verde National Park has a wonderful small town atmosphere.  From art galleries, breweries, a revitalized downtown, and endless supply of outdoor fun, Mancos is a great place to live.  If you are thinking of moving here, it's essential to know the cost of living.  Cost of living includes all the necessities like cost of transportation, housing, food and utilities. Knowing the cost of these basic items can help you decide how much you can expect to spend on a monthly basis, and how much you'll need to earn in order to live a good lifestyle.

Mancos housing costs are 48.8% lower than in Durango and it's only 30 minutes away.  That is huge when you are looking to move.  The median home cost for a home in the Mancos (81328) zip code is $326,400 vs Durango it's $470,800!  Your money goes a lot farther in Mancos!

Right now with 30 year fixed loans hovering around 3% and 15 year at 2.5%, now is a great time to move!

What makes Mancos magical?  The people.  We are an eclectic group of young farmers, ranchers, artists  and young families who want a slower pace and wide open spaces.  The town of Mancos now has about 1600 people, one stoplight, a grocery store, natural food store, several excellent restaurants, brewery, and an excellent school Pre K-12.

Let me help you fall in love with Mancos!

The Difference between Home Warranty and Home Insurance

When purchasing a new home, it’s important to do in-depth research on all facets of the homebuying process. One thing you’ll need to understand is how to best protect yourself and your investment if anything were to go wrong. Check out the information on home insurance versus home warranty below to educate yourself on your options.

Home Insurance

Homeowners insurance pays for any accidental damages and loss that are caused by fire, lightning strikes, windstorms, and hail, however, damage from earthquakes and floods is typically not covered. It also covers the replacement of personal property in case of theft or damage and liability if a person were to get injured in your home or on your property. According to American Home Shield, the average annual cost of a homeowner's insurance policy ranges between $300 and $1,000, and the bank usually asks you to obtain a policy before the mortgage is issued. Make sure to keep in mind that each type of coverage in the policy is subject to a limit and, in most cases, you will have to pay a deductible.

Home Warranty

A home warranty is designed to cover the cost of repairs and replacements of larger appliances and crucial systems in your home that may fail or break due to age and wear and tear. This includes but isn’t limited to HVAC, electrical, or plumbing components, kitchen appliances, and your washer and dryer. With a home warranty, you are required to pay premiums year-round, even if you do not use it, and it won’t cover damages if appliances were not maintained properly or if the damage is from a fire or other disaster.