Thinking of buying a second home in the mountains?
December 20, 2005
Marketa’s Grab Bag.
BY MARKETA JONAS-HAGYAre you thinking of purchasing a second home or investment property in the mountains? Summit County has a variety of properties currently for sale, and relatively low mortgage interest rates make this a great time to buy. There are, however, a number of things to think about before you decide where to look and what to purchase.
One of the major decisions buyers have to make is the location of their new home. Is being close to the ski hill or at a ski-in/ski-out location important to you? You will pay more for the property, but you will gain in convenience and rental income potential. Which Summit County ski area do you prefer to be near, Keystone, Breckenridge or Copper Mountain? All offer a variety of homes and condos to choose from, and have their advantages and disadvantages. Properties located further away from our major ski areas are usually less expensive, and some offer a more central location or proximity to lakes, rivers and national forest.There are many other decisions you will need to make and communicate to your real estate agent. What size property will best suit your needs – a small studio, a six bedroom house or something in between? What is your price range? What amenities, such as a clubhouse, pool, underground parking or tennis courts, are important to you? Would you prefer a condominium, townhome, duplex or a single-family home? If potential rental income is important to you, your agent should be able to supply you with past, or comparable, rental histories for properties of interest. The more of these decisions you make before you start looking, the easier it will be for you, and your real estate agent to find your perfect mountain getaway.
MARKETA JONAS-HAGY is a real estate broker with Century 21 Gold in Frisco. She has been helping people with their real estate buying and selling needs for 14 years. You can reach Marketa at (970) 668-2121 x 215, (800) 548-0021 x 215 or by e-mail at email@example.com.