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If the mountains of Colorado call to you, and you find yourself packing up the car each weekend to head to the mountains where you can hit the slopes, camp, fish, hike and bike, it might be time to think about purchasing your own condominium in Steamboat Springs, Colorado.
Nestled in the top Northwest corner of Colorado, Steamboat Springs, sits at about 6700 feet elevation and is home to Mount Werner (elevation 6900 at the base), which is part of the Routt National Forest. Besides being known as Ski Town USA, and producing more Olympic athletes than any other city in North America, Steamboat Springs boasts signature “champagne powder,” and is known to have shorter lift lines than many resorts.
Because of its location between Mount Werner and the Yampa River Valley, Steamboat Springs is able to offer a year-round outdoor lifestyle, making Steamboat Springs a popular place for second homes, ski condos and investment properties.
Planning To Buy A Condo in Steamboat Springs
Before you rush out and buy a condo on the mountain to use for weekend ski getaways or summer trips to Steamboat Springs’ bike park, you need to plan ahead and follow certain steps to ensure that your condo is a good investment and that it will be the best possible return on your investment that you can get.
How To Buy Smart- Condos For Sale In Steamboat Springs, Colorado
The following overarching categories are things that you have to think about when buying a condo for sale in Steamboat Springs. Reviewing these topics before purchasing a property for sale will help you prioritize both your needs and your desires so that you can find the perfect balance of what meets your needs and offers all the amenities that you want at the right price for your budget.
- Money
- Realtor
- Property
- Location
- Use
Money- How To Be A Smart Condo Buyer In Steamboat Springs
When you are considering purchasing a condominium in Steamboat Springs, Colorado, it is important to remember that NOT all condos are created equal. For example, certain properties may be better at turning a profit as a ski rental than others. Other properties may have really high HOA dues or other fees that make it less bang for your buck than another condominium.
These are valuable questions to ask BEFORE purchasing a condominium in Steamboat Springs, Colorado as they will help establish your financial position and budget:
- What can you afford? It is best to get pre-approved by a Mortgage Officer prior to starting your search.
- It is best to look at the overall TOTAL costs of each property you are interested in- taxes, HOA fees, maintenance, utilities etc.
- What is the potential rental income you could get when the property is rented? Can you get a rental history of the property?
Realtor-How To Be A Smart Condo Buyer In Steamboat Springs
When selecting a Realtor to help you manage your buying, selling, or investing process, it is best to select a seasoned, local agent with years of diversified experience and testimonials from past clients.
In Steamboat Springs, Colorado, Sunny Brstina of Sotheby’s International Realty is a stand-out agent. With over 12 years of experience in ALL facets of real estate transactions, Sunny has experience as a local real estate investor in Steamboat Springs as well as experience representing a wide range of buyers and sellers.
Sunny has a Master’s Degree in Information Systems which allows her to use technology and marketing tools to get the most exposure possible for her clients, while helping each client find their ideal property. Visit her website here and see what people are saying in the testimonials about Sunny Brstina. www.steamboathousesforsale.com.
Property-How To Be A Smart Condo Buyer In Steamboat Springs
When purchasing a property in Steamboat Springs, it is important to consider these specific things about the property-both what you want in a home and what a potential renter may want when vacationing or renting a condominium in Steamboat Springs.
- What amenities are important to you (size of bedrooms, number of bathrooms, hot tub, pets allowed, large kitchen etc.) as an owner? Your top priorities for things you want your property to have?
- The age of the property?
- How is the property managed? Is it well maintained?
Location- How To Be A Smart Condo Buyer In Steamboat Springs
Many people will tell you that location is the only thing that matters when purchasing real estate, and while it is a very significant factor, it is only a part of the puzzle.
When looking at where you want to purchase a condo in Steamboat Springs, Colorado, you have to consider the proximity of the property to BOTH town and the mountain, and how that may affect your ability to both rent the property, and the price point that you can rent the property for.
Use- How To Be A Smart Condo Buyer In Steamboat Springs
If purchasing a condo in Steamboat Springs, Colorado is something you are considering, it important to examine the use element of the property. For example, certain properties may offer ski-in and ski-out accommodations, but that is only during the ski season. What happens the rest of the year? Also, many HOAs have strict rules. It is best to find out what they are so you know what your options are for renting the property out for rental income, and what the potential rental income could yield in a year. To get this information, you will need to examine the property’s rental history.
By planning ahead and examining all these categories, you can feel confident in your search for a condo for sale in Steamboat Springs. Making a plan for finding an agent and selecting a property for purchase will help ensure that you get exactly what you want at a price point that you can afford.
Reach out to Sunny Brstina today. Her website has current listings available and her ability to find clients’ their ideal property is unparalleled. Call Sunny today (970.846.1574) for more information- your Condominium for sale in Steamboat Springs is waiting.
Your Happiness Is My Motivation
Sunny Brstina | Steamboat Sotheby’s International Realty
Real Estate Broker | 970.846.1574| sunny(dotted)steamboat(at)gmail(dotted)com
Website:www.SteamboatHousesForSale.com