Real estate value is based primarily on location – and when talking about properties in ski resort towns, there is no better location than Steamboat Springs. Another determination of value, especially when looking at appreciating value, is timing. These two investment theories are why real estate investors should carefully consider Steamboat Springs.
The once antiquated ski base area, with the help of present and future improvements from the recently formed Urban Redevelopment Authority, is poised for major redevelopment over the next few years, so it is only reasonable to think that the Steamboat Springs real estate market will appreciate faster than other ski resorts. Already known as one of Colorado’s most beloved ski resorts, Steamboat properties have proven to be excellent investments and are positioned to outpace similar properties elsewhere, while providing the owner use and enjoyment not available with stocks, bond or other investments.
The region’s awe-inspiring and varied topography, as well as a housing stock that includes virtually every kind of property type imaginable, provides the potential investor with a cornucopia of options. These can range from ski-in, ski-out slope-side condominiums to golf properties to bed & breakfasts. There are mountain cabins, ranches and lodges, property with its own acreage or bordering national forestland and wilderness preserves, and much more. Income can be derived from rental guests and hosting special events to livestock sales and crop production.
There’s a market for just about every kind of property in Steamboat Springs, particularly since the area is known for being a year-round resort that offers a wealth of recreational options. All kinds of visitors flock to this resort town that Frommer’s describes as a fusion between “a state-of-the-art ski town” and a “genuine Western ranching center.” Because of this, residential and commercial investments are available in the ski village, downtown area or in the country. With the summer tourist season increasing year after year, income derived from some properties has now proven better in summer months than winter.
Wen the warmer months roll in, a whole new menu of Steamboat outdoor activities become available. There’s fishing, hunting, hiking, biking and horseback riding in the expansive Routt National Forest; golf in breathtakingly beautiful courses (the Haymaker Golf Course, for one); hot springs; cattle drives; rodeos – and more. The saying amongst townspeople is “You find out about Steamboat because of the winters, but call it home because of the summers.”
However, not all Steamboat Springs investment properties are created equal, and I’d be happy to educate you on the market and explore your options with reliable advice and guidance. Investment-grade clients appreciate my detailed and analytical approach with their assignments (I’m a former engineer), access to my extensive market research and greatly appreciate my proprietary “Cash Flow Analysis” program that compares incomes and expenses for rental property shoppers. My services are designed to help clients find the perfect property to meet their personal investment goals (or determine there may not be one out there). These are some of the reasons why past clients refer friends, relatives or associates, or ask for my assistance when buying another property. Put my expertise to work for you today.