As you pack up your ski gear to head to your favorite ski resort for the fifth time this winter, you may start to wonder if it’d be easier to purchase a vacation home than have to deal with travel, lodging and equipment rentals. After all, owning your own luxury home would allow you the freedom to enjoy the slopes any time of the year, not to mention you wouldn’t have to wake up early to drive to the ski resort. If you’re looking for a luxury vacation home in Steamboat Springs, there are a few things you should be aware of before making a final purchase decision. In this blog, we’ll take a look at the top two things you should know before you buy a vacation home, so you can be well prepared when the time comes to speak with your realtor.

At The Porches of Steamboat, we’re proud to offer an array of luxury vacation homes nestled right in the heart of Steamboat Springs. Our community consists of 67 luxury residences and a wonderful clubhouse with state of the art amenities. Each of our homes features a custom ranch stone fireplace and a gorgeous outdoor living space, so you can enjoy the sights and sounds of Colorado with little to no effort from the comfort of your home. Whether you’re a fan of snowshoeing, cross country skiing, hiking, or horseback riding, we’re confident you’ll love everything that Steamboat Springs has to offer. We offer whole ownership and fractional ownership options to meet your unique needs and budget. If you’re interested in learning more about our luxury vacation homes or you have questions regarding one of our floor plans, contact us today!

Figure Out Your Goals

Before you start shopping for the perfect vacation home for your family, it’s important to take the time to write down your goals. Why do you want to purchase a second home? Will it be an investment property or a place for you to live and retire? These questions are worth considering before you pull the trigger on a purchase. Think about what you want out of a second home, and what features, size, and locations are important to you. Work with a real estate agent to line out a tentative budget and be sure to keep fees in mind, including taxes, insurance, renovations, and any other utility costs.

Only Buy What You Can Afford

Before you start shopping for a vacation home, you may want to sit down with your accountant or real estate agent to determine how much you can actually afford. Luckily, there are a variety of tools on the internet that can help you calculate a mortgage that you can afford. It’s important to keep in mind that the lending environment has changed substantially over the past decade and banks have started to impose stringent requirements on applications. For most homes, you’ll need at least 20 percent of the down payment to purchase, but this number may vary based on the community you move into.

If you’re looking for a luxury vacation home in Steamboat Springs, look no further than The Porches of Steamboat. Our 20-acre private neighborhood of mountain homes may be the perfect place for you to retire or bring the family. Contact us today to learn more!