For skiing enthusiasts, having access to a great ski property is the dream. Fortunately for them, having access to a great ski property can also be a great investment. With some careful consideration, a ski resort real estate investment can be a very lucrative asset that retains, and even increases, its value incredibly well.
There are two very important details to consider when considering this kind of investment. One, of course, is location, and all of the nuances and details that come with that. The other is the purpose of your investment, and how you want your property to be used. What does this look like?
Size and Investment
No property investment is particularly inexpensive so, naturally, anyone looking to invest in a ski resort property should have a good idea of why the investment is being made. One of the extremely valuable parts of a ski property investment is how easily and reliably it can be rented out seasonally. If your main priority is to have a rentable property, then maybe wider accommodation (and a bigger price point) should be on your mind. If your main priority is personal use, though, a cozier space might make more sense.
Fortunately, either of these two options are perfectly marketable. A quick look through Colorado ski resort listings shows that bigger and smaller size lodgings are regularly on the market. The true key to the ideal choice will be careful research into the demographics of resort visitors to know how well the demand in your location matches up with your personal preferences. Speaking of location…
Location, Location, Location
This is the first rule of any property investment, and ski resorts are no different. Location matters a lot! If the property is primarily for your use, then the location should match what you’re looking for. Maybe you’re after a more intimate connection with nature, and so the super populated skiing destinations just aren’t for you. There are plenty of beautiful locations in Colorado that tend to have much less traffic, like Creede & Mineral County. A more personal ski trip location is fine for the market, too. You certainly won’t be the only one looking to avoid the crowds in places like Aspen.
The other location-related detail that really matters is what’s in proximity to the property, year-round. At first thought, a ski resort property just sounds like an opportunity to rent out the lodge during the winters you won’t be there, but that’s only half the story! Certain ski locations double as great hiking trail spots and places for other fun summer activities when the heavy winter snow isn’t around. You most likely aren’t looking to stay year-round at your ski property, so being able to rent the place out while you aren’t there regardless of the season is a clever way to practically duplicate your potential rental income.
Demand for ski lodging is present every year, which helps make sure that these investments stay stable and lucrative through time. With some careful thought and research, though, you can make sure that this becomes the investment of your lifetime. Interested? Reach out to a professional today!