If you’re not yet ready to purchase a home for yourself—or are looking for a good real estate investment opportunity—you may still be able to take advantage of great market conditions in a turn-key resort town environment, with the purchase of an investment property in Breckenridge or Summit County. Here are some things to think about regarding investment property.
Interest rates are very low.
o Lower rates mean you can take advantage of the most affordable lending, locking in great rates while the market is in your favor.
Your investment will likely appreciate.
o According to CoreLogic, "The overall Home Price Index (HPI) has increased on a year-over-year basis every month for seven years."
Passive income is good.
o In a resort community like ours, with an influx of visitors nearly all year round, rental demand is high. This has the prospect of providing a stable, profitable income for you when your investment property is part of a rental program in a resort town location.
The ins-and-outs of buying and owning investment property is a topic in which we have considerable expertise.
o If you are considering purchasing an investment property, we would be happy to talk to you about how this might be the right option for you.
Stop by our Breckenridge office at 229 S. Main Street, or call us at 970.453.2200. Meet our team and learn how we can help you achieve your real estate objective, whether it is a vacation property, investment opportunity or that mountain home you’re been dreaming of.
Breckenridge Associates Real Estate. Local Experts on Local Living.