• Chris.Kopf@CBMP.com
  • |
  • (970) 209-5405

Crested Butte Real Estate by Chris Kopf

Chris Kopf Coldwell Banker Mountain Properties

  • SEARCH MLS
  • My Listings
  • Areas
    • Crested Butte
    • Mt Crested Butte
    • Gunnison
    • Almont
    • Maps
    • Subdivisions
    • Local Information
    • Colorado
  • Sell Your Home
    • Coldwell Banker Global Luxury
  • Blog
  • About Me
    • Testimonials
    • Giving Back
    • Newsletter Sign-Up
  • Contact
  • Newsletter Sign-Up

Buying a Condo as Your Crested Butte Home

October 5, 2018 By Chris Kopf

Buying a Condo as Your Crested Butte HomeBuying a Condo as Your Crested Butte Home

Using Comps When Buying or Selling Your Crested Butte HomeYou may be considering buying a condo as your Crested Butte home. You are definitely not alone, and there are many beautiful condos in Crested Butte to choose from. The definition of a condo is a separate unit or portion of a multi-unit, or a multi-unit structure or property in which people own individual units. There is also an undivided interest in common areas typically owned by the Homeowners Association (HOA). A condo may be a unit in a duplex, or an individual unit in a larger structure. The condo owner has individual ownership to the interior of the unit “from the paint in.” All owners in the HOA share all maintenance and repair costs for exterior and common areas. If you are thinking about buying a condo as your Crested Butte home here’s everything you should know.

Why People Buy Condos

Many people enjoy the convenience and peace of mind of “lock-and-leave”. They know the HOA and property management people are looking after all the day-to-day operational details of the development or building. This may be the reason you are considering buying a condo as your Crested Butte home. Fortunately, there are many condos to choose from, and perhaps many in the same development. This makes the comparison of different condo units a bit easier than comparing different single-family homes.

Crested Butte Luxury Condo

Condos come in all shapes and sizes, and a condo that is a duplex unit can feel very much like a quiet and private single family home. While there are many luxury condo properties that cost into the millions of dollars, a condo is usually more affordable. This means it can be good choice and an opportunity to dip your toe in the water to see if being a second homeowner in Crested Butte is right for you.

Things to Consider When Owning a Condo

There are some things to think about if you want to buy a condo as your Crested Butte home. Some people don’t like the communal living arrangement in a big condo building, and may want more privacy or more space than a condo can provide. Typically, condos are rented in the short-term rental market. This means your neighbors on your next visit could be a loud party group. And you may rarely get to meet your neighbor-owner that you share a wall with if you are there at different times.

Buying a Condo as Your Crested Butte HomeWhen looking at a condo, be observant of the condition of the exterior and common areas. If you find the upkeep is shabby, then this is typically a result of a poorly-run HOA. There may also be a large number of owners who are not willing to approve an increase in dues to cover needed maintenance or capital reserves. You may be buying into a condo association that will need to assess the owners when things reach a breaking point. During the downturn in the economy, some condo buildings saw many foreclosures and distressed sales at low prices. New buyers may be “party-hearty ski-bums” who are happy with the status quo, and will always vote no. This may also be a signal to get a copy of the HOA budget and annual meeting minutes to see what is going on.

Timeshare Condos

Some people consider getting a timeshare instead of outright buying a condo. There will be many definitions and arrangements, but typically, fractional ownership is an ownership of use, with no physical division of property. Timeshares are typically condominium units, in which multiple parties hold rights to use the property. Each share owner is allotted a period of time in which they may use the property (usually one specific week). Units may be on a partial ownership, lease, or “right to use” basis, in which the shareowner holds no claim to physical ownership of the property. Timeshare fees may also include management fees. The resale market for some timeshare properties may be non-existent. “Buyer beware” is the recommendation if considering this property type.

Buying a Condo as Your Crested Butte Home Final Thoughts

Crested Butte Co Real EstateI hope you see the level of detail and time and effort I put into this candid article Buying a Condo as Your Crested Butte Home.  I have become a Top Real Estate Agent in Crested Butte by helping my clients to make informed decisions. Some decisions are not always easy.

This is representative of what you can expect from me as your agent.

If you have questions about what condo might be the right one for you – contact me directly to discuss.

Thanks,
Chris.

How can I help you?

Chris Kopf Author Real Estate AgentI have over 30 years of sales and marketing experience and am a top real estate agent in the mountain town of Crested Butte, Colorado representing affluent clients who are buying and selling their homes and properties. To see featured properties or search the MLS – visit chriskopf.com.

How is the Crested Butte Market doing?  Click this link to see my monthly Crested Butte Real Estate Market Reports.

Get your Free Copy of my Book – The Complete Guide To BUYING Your Mountain Dream Home

Chris Kopf
Broker / Owner
Global Luxury Property Specialist
Coldwell Banker Mountain Properties
chris@chriskopf.com
(970) 209-5405

Top Crested Butte Real Estate Agent

Email, RSS Follow

banner

Contact Chris

Providing Superior service to the Crested Butte real estate market.
(970) 209-5405
Email Chris
Google Maps Link

Free Books

Buying your mountain dream home
This message is only visible to admins.
Problem displaying Facebook posts.
Click to show error
Error: Server configuration issue

Connect with me!


Chris Kopf, Coldwell Banker Mountain Properties
305 6th Street
Crested Butte, CO 81224
  • Chris.Kopf@CBMP.com
  • (970) 209-5405

Testimonials

Bobby Nichols

"The first moment we met Chris, my wife and I knew he was all about what is happening in real estate sales in Crested Butte. He knows his job, the marketplace and the innovative ways to market your home in today's electronic internet space. A real professional that understood us and our needs in handling a very successful sales transaction. "

 
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:45:19-07:00
"The first moment we met Chris, my wife and I knew he was all about what is happening in real estate sales in Crested Butte. He knows his job, the marketplace and the innovative ways to market your home in today's electronic internet space. A real professional that understood us and our needs in handling a very successful sales transaction. "  
https://chriskopf.com/testimonials/bobby-nichols/

Jeff Hollings

Chris is outstanding! We recently bought a second home in Crested Butte and Chris did a great job throughout the whole process. He has a thorough understanding of the market and the benefits and drawbacks of various locations. He was very patient with us as our preferences evolved throughout the search. He gave us valuable information on which to negotiate the purchase. He had great follow-up during the inspection/closing process (when we were not in town) and made sure all of the commitments made by the seller were properly completed.
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:46:48-07:00
Chris is outstanding! We recently bought a second home in Crested Butte and Chris did a great job throughout the whole process. He has a thorough understanding of the market and the benefits and drawbacks of various locations. He was very patient with us as our preferences evolved throughout the search. He gave us valuable information on which to negotiate the purchase. He had great follow-up during the inspection/closing process (when we were not in town) and made sure all of the commitments made by the seller were properly completed.
https://chriskopf.com/testimonials/jeff-hollings/

James Brennan

This was our first experience trying to purchase additional land with hopes of building a home. Chris was tremendously helpful throughout the entire process and his professionalism showed.
Crested Butte Real Estate by Chris Kopf
2014-10-14T17:59:24-06:00
This was our first experience trying to purchase additional land with hopes of building a home. Chris was tremendously helpful throughout the entire process and his professionalism showed.
https://chriskopf.com/testimonials/james-brennan/

Jane Saltzman

Chris was terrific to work with. The house sold faster then I ever expected! He was particularly helpful for this second home owner that couldn't always get there to take care of house issues. Thank you Chris!!!
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:49:37-07:00
Chris was terrific to work with. The house sold faster then I ever expected! He was particularly helpful for this second home owner that couldn't always get there to take care of house issues. Thank you Chris!!!
https://chriskopf.com/testimonials/jane-saltzman/

Georges Lussier

The thought of a short sale was intimidating, but Chris made the experience very easy with lots of guidance from start to finish. I would highly recommend Chris for any Real Estate need buying or selling.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:05:40-06:00
The thought of a short sale was intimidating, but Chris made the experience very easy with lots of guidance from start to finish. I would highly recommend Chris for any Real Estate need buying or selling.
https://chriskopf.com/testimonials/georges-lussier/

Frank Stringer

Chris Kopf is a wonderful person to work with on any real estate matter you may have in Crested Butte. He is extremely knowledgeable of all elements of the Crested Butte area. He helped us recently to buy a new second home in Skyland and the entire experience was first class under Chris's guidance. I would highly recommend him to anyone who has a real estate need in Crested Butte.
Crested Butte Real Estate by Chris Kopf
2015-02-11T13:51:04-07:00
Chris Kopf is a wonderful person to work with on any real estate matter you may have in Crested Butte. He is extremely knowledgeable of all elements of the Crested Butte area. He helped us recently to buy a new second home in Skyland and the entire experience was first class under Chris's guidance. I would highly recommend him to anyone who has a real estate need in Crested Butte.
https://chriskopf.com/testimonials/frank-stringer/

Paul & Julie Keesee

Chris was quite helpful in showing us homes in the area we were interested in and contacted us when new listings were available. We not only consider him our realtor but also a friend.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:05:59-06:00
Chris was quite helpful in showing us homes in the area we were interested in and contacted us when new listings were available. We not only consider him our realtor but also a friend.
https://chriskopf.com/testimonials/paul-julie-keesee/

Jim & Sandra Wickham

Chris' patience and persistence paid off for us in finding the right house for the right price. We would highly recommend Chris to any potential buyer.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:06:18-06:00
Chris' patience and persistence paid off for us in finding the right house for the right price. We would highly recommend Chris to any potential buyer.
https://chriskopf.com/testimonials/jim-sandra-wickham/

Tom & Mary Aton

It was a great experience working with Chris, after showing me what I thought I wanted, he advised me of the pros and cons on the different condos and found one that I am thrilled with.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:06:31-06:00
It was a great experience working with Chris, after showing me what I thought I wanted, he advised me of the pros and cons on the different condos and found one that I am thrilled with.
https://chriskopf.com/testimonials/tom-mary-aton/

Dan Aquaviva

This agent has a very strong knowledge of the local area. He was very helpful in screening properties for potential purchase.
Crested Butte Real Estate by Chris Kopf
2014-10-14T18:05:26-06:00
This agent has a very strong knowledge of the local area. He was very helpful in screening properties for potential purchase.
https://chriskopf.com/testimonials/dan-aquaviva/
0
0
Crested Butte Real Estate by Chris Kopf

The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of Colorado Real Estate Network, Inc. (CREN), © Copyright 2016. All rights reserved. All data deemed reliable but not guaranteed and should be independently verified. This database record is provided subject to “limited license” rights. Duplication or reproduction is prohibited.

Full CREN Disclaimer Fair Housing Disclaimer

Equal Housing Opportunity. Equal Opportunity Employer.

Copyright © 2021 Chris Kopf Real Estate, Ltd.