Steamboat Real Estate - Opportunity Knocks with Vacation Home Rentals

Steamboat Ski Resort - primed for growth

Steamboat real estate has long been considered a “value-buy”.  Previously lacking the glitz of Aspen, or the marketing power of Vail, Steamboat is undergoing a renaissance on a scale never seen before.  Forbes Magazine cited up to a billion dollars in new property development alongside over $30 million that new owners Intrawest invested in on-mountain improvements in the last three years.

Despite national economic indicators, major projects are still moving at full-steam including One Steamboat Place (slopeside residences up to $4.75 million), Edgemont (124 homes from  $800,000s to more than $2.5 million), Trailside Lodge and the proposed Ritz Carlton.

The Perfect Storm -Why the time to buy is right now!

• New buyers are seeing opportunities to buy the best home in their category for a real value.
• Smart sellers with equity are taking lower offers and then making a move into better homes in more sought-after neighborhoods.
• 30-year, fixed rate loans are near the lowest levels in decades.
• As Vacation Home Rentals have grown exponentially in popularity these properties represent investment opportunities with cash-flow.
• Steamboat Springs/Hayden has a newly expanded airport terminal and has dedicated funding for its direct flights program, making it the most easily accessible ski mountain in Colorado.
• Steamboat has some of the best ski conditions in the Rockies backed by extensive snow making to guarantee early season skiing.
• Steamboat is rated by SKI Magazine as the #1 family ski resort in the West.
• Summer tourism has grown significantly creating a steady, year-round economy.

Get to know Steamboat better and you will start to see why this mountain town makes sense.

This could be your home-away-from-home

Vacation Home Rental - an investment strategy

Vacation home rentals are the fastest growing sector of the vacation lodging market.  Renters confidence has grown under the influence of professional property management companies. Enticed by  more square footage per dollar, five-star amenities, and unrivaled privacy, renters are passing over condos and hotels choosing to stay in a vacation home in ever increasing numbers.  This sentiment was echoed by the first major study on the industry released in January 2009, PhoCusWright’sVacation Rental Marketplace: Poised
for Change, which projected significant growth in demand for Vacation Home Rentals.  Already estimated at over $24 billion in the US, this demand provides the real estate investor and second home owner with a real cash-flow option on their investment.

Care and maintenance of your investment property are equally important.  Vacation rental offers you the option to use the property when you want and to receive income on unused days.  Your property will also benefit from being occupied where systems and services are kept operational and are regularly monitored.

If you are interested in learning more about Vacation Home Rental and how to make your investment cash-flow through professional rental management, take a look at our Property Management Services or give us a call at (877-624-2538).

For the Real Estate Scoop…

We recommend working with a knowledgeable locally-based realtor.  Darrin Fryer of Steamboat Prudential Realty has worked with several of our clients to secure great investment opportunities.  You can email him to receive a monthly eBulletin on the top recommended value properties on the market and develop a strategy for buying.  You can also reach him direct at 970-846-5551.

Visit www.steamboatsrealestatedeals.com to be “in the know” about quality properties in your price range.