Breckenridge and Summit County real estate have a long-established track record of increasing property values.  And as co-owner of Breckenridge Associates Real Estate Rob Neyland explains, “People are tired of seeing their retirement funds getting trashed and losing a third of their value over the weekend.  In a nutshell, they are looking for the REAL in real estate: something they can own, that they can use, enjoy, and have some control over, and that will increase in value.”   Then, too, with the inevitable build out in an area surrounded by national forests and government-regulated lands, demand will push the values up even more.

As the property ages like a fine wine, there are also significant unique tax advantages in second-home ownership.  Federal tax deductions include mortgage interest, real estate taxes, management and homeowner fees, and utilities.  If the owners choose to rent the property to offset some of the expenses involved, the real estate investment offers the opportunity to defer capital gains.  Utilizing IRS Section 1031 Tax-Deferred Exchange, some investors take advantage of the most powerful wealth and estate building tool available to the United States taxpayer.

Another reason property values are increasing is that the ski areas, mountain-base areas, and gondolas are being dramatically improved by Vail Resorts, the owner of Breckenridge Ski Resort.  At the base of Peaks 7 and 8, exclusive new ski-in/ski-out properties are redefining the luxury ski experience.  Developments ranging from slope-side masterpieces to little ski cabins in the woods are catching the attention of buyers worldwide.  There are single family homes, condominiums, townhomes, and some remaining home sites.  The latest option is the fully deeded fractional ownership that offers a family vacation property for under $100,000, available from one month a year to 13 weeks.  

Yes, the financial benefits are extensive.  But people buy in our beautiful mountain resort for the quality of life that they can offer to their families now and down the road.

Jonna Beardsley of Breckenridge Associates offers a wealth of information about real estate in the Rocky Mountains.  Call Jonna at (970) 453-2200 for friendly, professional assistance.

How does Breckenridge CO real estate captivate outdoors enthusiasts?  Skiers, hikers, and golfers are fascinated by the quaint Victorian village of Breckenridge nestled into the absolute beauty of the Rocky Mountains.  And, “No heat, no bugs, no humidity!”

Summit County is the right place to fulfill all three desires of second-home shoppers.  The prevailing second-home buyers are predominantly baby boomers in their peak earning years.  They want:

     1)    Vacation homes for family use
     2)    Investment properties that will increase in value
     3)    Places to retire.

When they fall in love on annual vacations, people begin to percolate the idea of investing in second homes for future family vacations.  Why not invest in a home, condo, or fractional in an attractive resort that continues to keep its value and charm?  Some people jump in right away, investing now for a later family vacation home or even retirement.  Others poke around for a few seasons looking for bargains.  With today’s low interest rates and good prices, there are plenty of bargains available right now.

Over the past 15 years, resort real estate in Summit County has maintained an average 12.1 percent annual appreciation rate.  With only 20 percent of the property in Summit County privately owned, the area is approaching build out which will trigger rising property values.  Then, too, growing population along the Front Range is feeding the demand for vacation homes in the Rocky Mountains.

Over the next decade, millions of baby boomers will be driving the second-home market to record sales by investing in vacation homes and investment properties.  Most boomers will purchase family vacation getaways to enhance quality of life.  According to an article entitled, “Many Happy Returns” published in our Breckenridge Associates Newsletter, the aging population is “determined to remain active and challenged, and to find discovery and personal reward.” 

Second homes in our resorts are known to help families to interact in meaningful ways.  They become the centerpieces of family gatherings and traditions.  [To be continued]

Jonna Beardsley of Breckenridge Associates offers a wealth of information about real estate in the Rocky Mountains.  Call Jonna at (970) 453-2200 for friendly, professional assistance.