If you’ve been dreaming about buying a luxury home in Colorado, this year may be the time to make that move. Following are three major advantages of buying a luxury property in Colorado.
Year Round Opportunities for Outdoor Recreation
Winter sports enthusiasts love Colorado for the sheer abundance of available activities. Renowned for its world-class downhill skiing, Colorado also offers snowboarding, cross-country skiing, snowshoeing, sledding, dogsledding, snowmobiling, and snowshoeing. Even those who don’t particularly care for spending time outdoors love visiting Colorado during winter and curling up before a fire with a toddy and good book while the snow comes down outside.
However, Colorado isn’t limited to being merely a winter wonderland. Spring brings meadows full of vibrant wildflowers, and summer visitors can count on plenty of chances for hiking, swimming, fishing, boating, biking, and generally enjoying the great outdoors. Autumn brings quintessential fall foliage color, crisp, clean air, and decreased tourist crowds after school starts. Autumn is an excellent time to explore Colorado’s iconic ghost towns, many of which were early mining settlements during the silver rush. No matter what time of year you decide to enjoy your luxury property, you’ll find something special in Colorado.
Abundant Opportunities to Monetize the Property by using it as a Vacation Rental
Increasing numbers of visitors to Colorado and other scenic placing are opting to book stays in private homes that are part-time vacation rentals rather than hotels. This provides visitors a chance to enjoy a homelike environment where they can prepare meals if desired as well as spend time in local neighborhoods.
As a homeowner, you’ll also benefit from using your Colorado vacation home as a part-time rental. Because you’ll be able to pick and choose the times you rent the home out, it won’t interfere with your personal use of the property. You’ll also be able to specify house rules, such as no smoking, no pets, and no loud parties. The cost of renting it out can help defray the purchase price, or you can invest the money or place it in a retirement account.
Keep in mind that if you decide to purchase a property in Colorado with the intention of using it as a vacation rental during times when you aren’t on the premises, you should first ascertain whether the community in which you’re interested in buying allows vacation rentals, according to Lone Eagle Land Brokerage, Inc. Most of them do, but a small, but significant number, have decided against them. Be sure to ask your real estate agent to find out the details on local regulations concerning vacation rentals before you make a final financial commitment to a specific property. Keep in mind, however, that even if you use it primarily for a vacation rental in the initial years, you may end up liking Colorado so much that you decide to live there on a year-round basis.
Access to World-Class Urban Amenities as Well as to Pristine Wilderness
Colorado is renowned for varied and abundant outdoor beauty, but even its smaller cities feature world-class urban amenities. You’ll be able to enjoy superior dining made with locally sources, fresh ingredients, listen to the Colorado Symphony under the stars, visit art galleries and museums, and take advantage of Colorado’s first class craft beer scene. Denver’s Botanical Gardens provide classes and other educational opportunities along with concerts, museum-quality displays, and community-oriented events and activities. You and your family will be able to shop for just about anything you desire in Denver and surrounding cities.
A real estate agent who specializes in luxury properties in Colorado will be invaluable in helping you find the place that best suits your individual needs and preferences.