We’ve all heard the phrase “location, location, location,” when talking about real estate. It’s one of the most important characteristic that determines real estate value. When it comes to the value of a home in Vail, properties can be considered most valuable to a buyer by ease of use and enjoyment as a vacation home or rental property. Typically you should consider the season you will primarily use the new vacation home, how much time they will spend in their vacation home, and the activities you usually do while in residence. This will help quickly narrow your search to find the right property in the right location to match your lifestyle.
Any buyers should always evaluate what their budget will be to buy a vacation rental property, and determine the annual operating costs. There are many factors to consider for Vail real estate. In Vail, many areas have transfer taxes that add to the initial purchase. Additionally, you must consider homeowner’s association dues which are normal for condominium complexes and some residential subdivisions. Utility, routine maintenance, property management and capital costs also should be considered into any Vail real estate.
Vail and Beaver Creek Real Estate
Vail and Beaver Creek resort communities offer many types of vacation and residential properties for sale, and there is definitely no shortage of activities. Each offers different advantages for a homeowner. As an example, buyers who may want to use their property during the summer and for longer visits might likely want a home outside central Vail. Winter users who want to primarily use their property for skiing vacations and use the property a few weeks a year, likely will want area close to ski stores and ski lifts. Maybe you just need a few weeks a year for vacation, in which buyers who want onsite services in a luxury property may find a fractional condominium in the luxury-branded buildings best for their needs.
Madeline Properties services 24/7 to help buyers find the best property for their needs here in the Vail real estate market. Get in touch with us for your Vail real estate needs!