Why Considering a Second Home May be Right for You? Are you considering buying a second home in a resort destination? Feeling the need to get away from your home more often? Maybe you want to escape the heat in the Summer? Perhaps you want to get family and friends together and enjoy the wonders of powder skiing in the Rocky Mountains, and hiking and fly fishing for trophy trout in the Summer? Maybe you just want to get a head start on retirement plans…
- Many older couples with kids out of the nest are wondering why they are still living in a big empty home? It is common to downsize their primary residence and buy a second home that the kids will want to come visit for years down the road.
- As well many second homeowners decided to make the move after looking at their existing investment portfolio and and realizing: Diversification in Real Estate can be a good use of idle funds, or that the “wedge that represents a low interest return” could instead be creating memories. The thinking being that instead of putting a statement in the file drawer month after month, year after year – they would reward themselves for the years of saving and hard work with a second home in a fun exciting destination that they can use in the Summer and Winter and share with family, friends and perhaps customers.
- If you choose a popular destination, vacation homes usually do a great job of retaining their value. You also get all of the tax benefits of home ownership and have the possibility of accruing rental income if you choose to rent out your home when you are not using it, making a vacation home very convenient.
- If there is a vacation spot you are sure to come back to time and time again, like a beach or ski resort why not have a spot to call your own? Some couples consider buying a vacation home with a few other family members or close couples and share it throughout the year.
If any of these scenarios sound like your situation, it may be a great time to anticipate your future needs, and consider buying and owning a second home in Crested Butte, Colorado. Crested Butte is a special place and coined “The Last Great Mountain Ski Town”. The town of Crested Butte includes a Historic downtown with charming shops and great restaurants. A convenient free shuttle bus goes between downtown Crested Butte and Mt. Crested Butte and the base area 3 miles each way.
With champagne powder snow and great alpine and nordic skiing Crested Butte is a desirable ski destination in the Winter. The Summer and Fall offer the outdoor enthusiast over 2 million acres to explore, and hundreds of miles of rivers and streams to fish, paddle and enjoy. Crested Butte also offers great options with visual and performing arts – there are regular weekly free musical concerts in the Summer months, in addition to the Crested Butte Music Festival events, and the numerous performances at the Crested Butte Center for the Arts. Whether Music, Dance, Theatrical performances, Crested Butte Arts Festival Week, or Visual Arts – you can a variety of quality options in Crested Butte.
This is a great time to buy, as mortgage interest rates are currently very low, and there are great values in the Crested Butte Real Estate Market. I publish a detailed Crested Butte Real Estate Market Report every month – take a look.
I was once in your shoes – looking to find the perfect mountain second home for me and my family. We lived in Texas, and were second homeowners here in Crested Butte for 10 years prior to moving here full time. Of course we did not know where that leap of faith would take us – but it was a great decision and a journey that has brought us new adventures, and new friends in a beautiful warm mountain community.
If you would like to learn more, or if you are planning a trip to Crested Butte and looking for a quality Crested Butte Real Estate Agent – give me a call. I am a Previews® Property Specialist with Coldwell Banker Bighorn Realty here in Crested Butte, and have earned the Coldwell Banker International President’s Circle Award – what this means to you is that I am among the top 5% of Coldwell Banker Agents worldwide and you can expect superior service.
To see featured properties or search the MLS – visit chriskopf.com. Contact me at: (970) 209-5405, chriskopf@bighornrealty.com, and be sure to check out the Crested Butte Real Estate G+ page for all things Crested Butte.
Author: Chris Kopf
