Have You Tried a Live-Work Space?

by Dotson Skaggs 06/02/2019

During a location search for a new home, you may have come across the term “live-work” in the descriptions of potential living spaces, even when those spaces differ widely from one another. While many buildings market themselves as live-work, the definition for just what that means can vary from building to building.

Some examples of such buildings include:

  • A building that is primarily residential but has no restrictions on working from home. This might be any type of residential building or neighborhood including condominiums, townhouses, flats and single-family dwellings.
  • Or, it might be a storefront that allows for walk-in customers or clients, and public parking access, with an adjacent living space above or in the rear of the property. These live-work spaces more commonly resemble historic family-run markets or bodegas.
  • Other live-work spaces are zoned for more hazardous or commercial activity. These can include artists’ lofts, recording studios, and other creative spaces.
  • Some locations are part of urban renewal or gentrification efforts to make residential use of a former industrial area. Allowing residents and businesses to co-exist in such facilities can bring a vibrant vibe to a formerly decaying area. Living spaces surround joint workspaces and common areas.Each different type of live-work housing opportunity has different zoning and residential restrictions and regulations and may or may not have access to residential services such as nearby schools, parks, libraries or grocery stores.

Why choose a live-work space?

Originally made popular by artists’ communities, the live-work concept gave creative people a place to work, with a built-in support community. Some urban areas even have protective zones for artists that impose conditions and restrictions meant to keep the housing affordable for the artist community.Another group to which the live-work concept appeals are entrepreneurs looking for incubators for brainstorming. The concept is that living close to their workspace doesn’t interrupt the flow of ideas that could contribute to their next start-up.

Finally, employees that telecommute or work virtually often look for properties with access to commercial high-speed Internet not available in regular residential area. Because they spend their days working alone, having other telecommuters nearby to gather and share life with keeps them encouraged and connected to a community.

Some live-work residents like being near to other entrepreneurs whose services and products are complementary to facilitate collaboration on mutual projects.

Will it work for you?

Live-work spaces in warehouse conversions and lofts may be near functioning factories, railroad tracks or other noisy industries. Some people thrive on the noise and energy of an active area or busy shared spaces. Others like to step out their doorway to automatic social opportunities. If your needs include quiet space or low levels of background noise, however, this type of live-work space may not be for you.

Before you dive in, spend time meeting your potential neighbors, to get a feel for living and working there.

About the Author
Author

Dotson Skaggs

Living in Denver continuously since 1960, Dotson has witnessed The Mile High City mature to become one of the nation’s top metropolitan statistical areas.  As one of Denver’s elite real estate salesman with 2,000+ homes sold and $600,000,000+ in sold volume, Dotson is annually one of the top 15 agents out of 5,000+ members with the Denver Metro Association of Realtors.

     Based on the principles of service, professionalism, and our Realtor Code of Ethics, Dotson sponsors and donates his time to numerous community service projects such as dumpster day, shredding day, a community garage sale weekend and a neighborhood young entrepreneur’s career fair.  Dotson also distributes American flags to neighborhoods for the Fourth of July, helps sponsor a neighborhood picnic, prepares and distributes HOA directories to various communities and sponsors a neighborhood annual photo session with the Easter Bunny.  Dotson also serves his fellow Realtors by volunteering on the Denver Metro Association of Realtor’s Professional Standard’s (Ethics) Committee.

     To better serve his clientele with the principles outlined above, Dotson left his own independent real estate company after 22 successful years and joined the nationally acclaimed Kentwood Real Estate in 2005.  Dotson has been blessed with the opportunity to serve countless homeowners and buyers with their individually unique and diverse needs.

     In addition to real estate, Dotson’s passions are spending time with his growing family, working out, playing golf, reading and observing the political scene.  He dreams to one day possess a golf game which is commensurate to his real estate career.  However, Dotson is also known to be overly optimistic when it comes to his golf game.

Dotson’s Favorite Quote is:  “Never Give Up.  Never Give up.  Never.  Never.  Never.”            Sir Winston Churchill (1941)

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A BRIEF SUMMARY OF DOTSON'S CREDENTIALS AND REAL ESTATE EXPERIENCE:

Over 30 Years of Real Estate Experience in Negotiating the Sale, Purchase and Leasing of Property (20 Years Broker/Owner) 

Over $600 Million in Sales Volume 

2,500+ Homes Sold in the Denver Metro Area

2014, 2015, 2016 & 2017 Wall Street Journal - Top 100 producing agents in Denver Metro Area

2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016 & 2017 Kentwood Champion’s Club Recognizing Over $17 - $31+ Million of Annual Sales

2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016 & 2017 Denver Metro Association of Realtors Gold Roundtable of Excellence Award with $17 - $31" Million of Sales Volume 

Prestigious Certified Luxury Home Marketing Specialist Designation

Member of the Colorado Association of Realtors’ Ethics and Professional Standards Committee for the Past 25 Years 

Member of National Association of Realtors

Member of Colorado Association of Realtors

Member of Denver Metro Association of Realtors

Member of Denver Metro Area Multiple Listing Service

     In addition to possessing a true love for assisting homeowners and buyers with their real estate needs, Dotson is just as devoted to his family's needs. In his leisure time, Dotson enjoys activities such as snow skiing, golfing and camping in the beautiful Colorado mountains.  Dotson has also contributed to the Denver Metro area community by being an active supporter in many local groups and charities. He served in the Big Brother's organization for 10 years and has supported and contributed to the American Zang Foundation. This organization provides assistance for low-income and minority students in locating, applying for and obtaining college scholarships.

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OVER 30 YEARS OF TRUST AND EXPERIENCE

SERVING THE ENTIRE DENVER METRO AREA

  • MBA, BS, CRS, GRI, ABR, CDPE, LHMI, MCNE
  • Top 10 Brokers - Denver Board of Realtors
  • Top 15 Individual Sales - Denver Board of Realtors
  • Top 10 Transactions - Denver Board of Realtor
  • More than $500 Million Career Sales and 2,500 Transactions

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EDUCATION

  • Masters of Business Administration - Marketing
  • Bachelor of Science-Business/Land Management