Which Type Of Crested Butte Home Is Best For You?
Are you thinking about buying a home in Crested Butte or a mountain town? These 4 types of homes listed below are usually the ones you will find in a mountain town. So let’s find out which type of Crested Butte home is best for you!
1. Single-Family Mountain Home
This type of home is a standalone home which includes the land it sits on. Interior and exterior maintenance and repairs costs are at the owner’s expense. These types of mountain homes typically allow for one household or “family”, but in a mountain town, it may be occupied by eight or so “ski bums” that are unrelated. Some of these mountain homes are used for separate apartments that can be rented out. There may be deed restrictions that cannot be changed for these rentals. For example, a rental that may be above your garage out back cannot be converted into a kids playroom. I recommend discussing all your intended uses with an agent to make sure you don’t get thrown a surprise down the road.
A home you will often find in a mountain town is a townhouse. A townhouse is defined as a single-family attached dwelling unit with common walls. Although it may be a detached home, duplex or an individual unit in a larger structure. The land the townhouse sits on may be owned by the townhouse owner. All owners in the Homeowners Association (HOA) share all maintenance and repair costs for exterior and common areas.
Condominiums (Condos) are another popular type of mountain home you will come across in Crested Butte. These homes can be a portion of a multi-unit, separate unit or a multi-unit structure or property in which people own individual units. They also own undivided interest in common areas typically owned by the HOA. This home could also be in a duplex. Being an owner of a condo, you have individual ownership to the interior of the unit. You also share maintenance and repairs costs for the exterior and common areas.
Condo or Townhome PROS
Townhomes and Condos can offer convenience and peach of mind for “lock-and-leave” since HOA and property management is looking after the buildings. There are many options when it comes to choosing which type you are looking for. Condos come in all shapes and sizes and can feel very much like a quiet and private single family home. These type homes can also be more affordable. It’s also a great option if you are hesitant about being a second homeowner. It’s like dipping your toe in the water to see if being a second homeowner in your mountain town is right for you.
Condo or Townhome CONS
Many condos are rented in the short term rental market. This means that some of your neighbors could be moving out and the next ones moving in could be big partiers and loud. Some people living here don’t like the communal living arrangement in a big condo building. You may want more privacy or space. HOA fees can be high. When looking for a condo or townhome, observe the condition of the exterior and common areas. Is the upkeep shabby? This can mean it’s a poorly-run HOA. I recommend getting a copy of the HOA budget and annual meeting minutes to see what is going on before purchasing these types of mountain homes.
Typically, fractional ownership is an ownership in use, with no physical division of property. Most timeshares are condominium units. Multiple parties hold rights to use this property and is allotted a period of time that they can use it. (Usually one specific week) They can be a “right to use” basis or on a partial ownership. The share-owner holds no claim to physical ownership of the property. Fees may include management fees. Beware of resale for timeshares. The resale market for timeshare properties can be non-existent.
So, Which Type Of Crested Butte Home Is Best For You?
There are pros and cons for each type of home. Honestly, it’s based on preference and what you are looking for. Would you like more privacy? Would you like to not have to worry as much about taking care of the home? Do you want to rent out your place when you aren’t there? Make a list of the the things you are looking for in your second home. Do some research. Go look at the homes. You can find out exactly which type of Crested Butte home is best for you!
How can I help you?
I have over 30 years of business 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.
Are You Considering Buying or Selling a Home in the Crested Butte Area?
Contact me to help you. I have been in your shoes – as both a Second Home Buyer and Seller here in Crested Butte.
The Crested Butte area offers a wide variety of properties including ski in/ski out single family homes, ski-in/ski-out condominiums, lake and river frontage properties, golf course property, quality homes in Downtown Crested Butte, and true fine mountain homes on acreage.
To see Crested Butte Homes For Sale or search the MLS – visit ChrisKopf.com.
If you considering Selling your Crested Butte home and are interested in finding out what your existing property is worth – call me. How is the Crested Butte Real Estate Market doing?
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