Considerations When Buying Your Crested Butte Home
One of the fist questions I ask my clients who are Buyers is: What are Important Considerations When Buying Your Crested Butte Home? More specifically – “what amenities are important to you (and to your guests)?”
Crested Butte area Location, location, location
These are still the three most important factors in determining real estate value, and also should be a consideration on the front-end as you consider your Crested Butte home. A tale of two homes: If you take the same 4,000 square foot home and put it downtown Crested Butte or next to a ski run in Mt. Crested Butte, or on the banks of a trout stream, you will have a valuable property. If you take this same home and put it in a subdivision far away from town, you will see a much lower value because there are fewer buyers who desire that remote location in our Crested Butte area. It is hard to think about selling your mountain dream home in the Crested Butte area before you even buy it, but as you are considering your options, realize that many of the remote locations are very nice, and some homes are awesome, but may not appeal to the mass of buyers when you go to sell.
The law of supply and demand
The law of supply and demand also determines value, and this rule applies to mountain home construction and design. The majority of the population of second homebuyers want a solid, rustic mountain home look and feel. The typical mountain home will have exposed logs or beams, reclaimed timbers, scraped hardwood floors, stone or slate surfaces, hand crafted iron accents, etc. There are some people that absolutely love a contemporary home in the mountains, and this is becoming more popular (but is it here to stay or will it change like women’s fashion next season?). I have represented clients who have purchased contemporary homes. These homes are trendy and can be very cool, and usually much more expensive to build, but may not command the same high price at the time of sale. Ditto for homes with unusual layouts such as a huge master bedroom, small windows that don’t capture the views, low ceilings, many steps to get up to the main living area (and no elevator), or homes with many levels. Buy or build the home that is your dream Crested Butte home – but realize that if it is too funky, there may be limited demand from a very small subset of buyers when it comes time to sell. I tell the sellers who I represent that they need to be patient when selling a unique home; but it only takes one like-minded buyer to make it happen.
Chasing the Perfect Dream Home
Sometimes I get a call from a prospective buyer who describes what they are looking for as “a nice, new ski-in/ski-out home, on the river, with fishing rights, within walking distance to the restaurants and shops in downtown Crested Butte , plenty of bedrooms and bathrooms and great views, oh, and it must be a really great deal…” The good news is that there are many options available for the second homeowner in Crested Butte. The “perfect home” may be hard to find, but it is out there for everyone. Keeping an open mind is important; what you think you want up
front may change after looking at the ten homes you thought were what you wanted, but then realized your perspective has changed. Sometimes buyers “chase” a market, and return on every trip wondering why prices are creeping up, or the inventory of homes that meet their exact criteria is shrinking. It may be better to find a home that has the majority of the features you want at the right price than to wait for the perfect dream home that never materializes. Sometimes it is a hard decision, but putting a stake in the ground and starting your journey now may be the best decision vs. kicking your dream down the path (just sayin’).
Proximity and Your Crested Butte Dream Home
What if you were going to go ski for the day? How would you get everyone to the slopes and back? What if someone wanted to sleep in, or come back from the slopes early? Is ski-in/out important to you? Is a remote riverfront home just what you want? A beautiful home on a Championship Golf Course and close proximity to The Club at Crested Butte? How about a place in downtown Crested Butte so you can walk to get a coffee or breakfast? Does it make sense to find a place for your group so everyone can walk home at the end of a late night? Do you want to be on, or close to the golf course? Is a secluded mountain home in the woods with great views and on thirty-five acres your dream home? Will your remote mountain dream home have cell service? How about high-speed Internet service? Do you want to be close to town, but not right in town where it may be noisy and there may be lots of dogs barking? There are lots of variables and lots of decisions to be made, but thankfully there are lots of proximity and amenity options to choose from.
This post Considerations When Buying Your Crested Butte Home are the some of the reasons that clients rely on me to help them find their perfect mountain dream home in Crested Butte.
How can I help you?
I have over 30 years of sales and marketing experience and a top real estate agent in the mountain town of Crested Butte, Colorado representing affluent clients who are buying and selling their home and ranch properties in the mountains. To see featured properties or search the Crested Butte MLS – visit chriskopf.com. How is the Real Estate Market doing? Click this link to see my monthly Crested Butte Real Estate Market Reports. Whether you need help in determining which types of mountain homes are right for you or have questions about the area, I appreciate the opportunity to earn your business and be your Crested Butte Real Estate Agent.
Chris Kopf, Coldwell Banker Bighorn Realty
Previews® Property Specialist