Many people from all over the USA are deciding to buy or build a second home in Colorado. On the outskirts of smaller communities like Fairplay and Alma, people can find privacy, views, and an escape from city congestion while offering access to a broad range of year-round outdoor activities and necessary conveniences. I am a homeowner myself in Valley of the Sun, and have represented buyers and sellers in this beautiful area and have an intimate understanding of this market.
While most people buy a second home for their own use, many also help defray costs by making them available for short term rentals. This can be an attractive alternative for some buyers, but people need to be aware of the local regulations governing such use. Park County requires licensing and has established specific requirements regarding any such use of a second home; if you are considering this, I would be happy to provide you with more information, or you can go directly to Park County’s website.
Adding physical real estate to your savings and investment portfolio can be a wise move, capable of income production and capital appreciation. From one-bedroom condominiums to detached single-family homes, I have helped clients find and analyze a range of investment properties that match their long-term goals. There are also several excellent internet resources that I encourage buyers/investors to use when considering real estate investments, including BiggerPockets.com, Investopedia,com, and Rentometer.com. An experienced Realtor who is knowledgeable in the specific market being considered can be the difference between wise and poor investment choices, and I’ve been privileged to help my clients in this regard.
Candace Pellinen
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