Breckenridge is not only a fantastic place to buy a primary home, it’s also a wonderful location to invest in a vacation or secondary home. For those looking to invest, vacation rentals in Breckenridge, CO can offer very lucrative returns.
As mentioned earlier, the population of Breckenridge hovers at around 5,000 full-time residents, but the population can swell to over 20,000 at peak tourist times. The savvy investor will immediately notice that there is an opportunity here to buy a second or vacation home with a view to renting out. Bear in mind that Breckenridge attracts tourists year-round, most drawn to skiing, but as we have seen, there are a great number of summer activities too.
It is more than viable to utilize a property bought here, during certain times of the year and rent out when you are not occupying it. This way, a considerable amount of your investment can be recouped.
Then, when the time is right, you can sell your vacation rental in Breckenridge, CO, having enjoyed it over the years, and made a considerable amount from renting it out. Alternatively, you can make it your permanent home, or you can just keep renting it out indefinitely, and using it when you desire.
A popular type of accommodation that renters in Breckenridge look for are homes that are ski-in ski-out. This feature grants the ultimate ease of access to the lift, or the run itself, meaning you and those who rent your property, don’t need to carry their skis. They can go out and start straight from your home. In Breckenridge, homes for sale with a ski-in ski-out feature are not limited to single-family homes, they can be part of the condo or complex your home is in. It’s well worth asking your local real estate agent about short term rentals and the regulations in place, especially if you’re looking to rent out property.
Rental Considerations
If you are looking for an investment property with the plan of short term renting, you should be aware that there are some regulations. Short-term rentals, defined as any term shorter than 30 days, will require a license and the amount you pay will depend primarily on the number of bedrooms the property has. It’s also important to know that Breckenridge is divided into 4 zones and each zone has a specific number of licenses available. These regulations are primarily set in place to preserve the beauty and sustainability of the area and maintain Breckenridge as a premier resort town.
Your agent will be able to discuss with you the areas that will best serve your investment purposes and guide you not only to the right location but also to the right property.