4 Tips When Buying a Home
Whether you are a first time homebuyer, have bought and sold countless homes, or are looking to purchase a second home, we know that it is a big decision.
Here are four tips to help you make the best decision when buying a home here in Grand Park…or anywhere in the world!
When buying a home:
1. Early in the Year is a Great Time to Buy:
Why? The tax benefits! Most people who are buying a home, end up taking on a mortgage. Unless your mortgage is greater than $1,000,000, the interest you pay towards your mortgage is generally tax deductible!
Tip: This tax deduction even applies to second homes, as long as you reside there for a minimum of 14 days each year, or 10% of the number of days that you are renting the property out for.
2. Buy a Home That Suits Your Lifestyle:
There are a variety of housing options available. Everything from condos, duplexes, and a variety of single-family housing options.
To help identify what style of house will best suit your lifestyle, ask yourself the following questions:
- What is your budget?
- How large is your family?
- Do you expect frequent visitors?
- What does your lifestyle require?
- Do you plan on living there full-time or part-time?
- How much space do you required?
About Grand Park: The Grand Park Community offers a range of housing options. With duplexes, single-family homes, cottages, and condos, chances are, Grand Park has a home that will fit your needs.
3. Learn About the Neighborhood:
The Demographics:
Different neighborhoods have a different demographics and feel. Some attract a lot of newlyweds and young families, others attract retirees, and others attract part-time residents. Knowing the neighborhood, will help you decide if it is a good fit for your lifestyle.
Fun Fact: The Grand Park Community is a vibrant and diverse community with a nice mix of growing families, active couples, part-time residents, and retirees.
The Options:
Some neighborhoods offer services such as gardening, lawn care, and snow removal. If this is something that you would require, make sure that you know what the available options are prior to purchasing your home.
Grand Park Tip: If you don’t want to deal with the hassle of snow removal or lawn care, consider purchasing a home in Grand Park. Grand Park offers maintenance free living at an affordable monthly rate. Learn more here.
The Neighborhoods:
If knowing your neighbors and participating in community block parties, is important to you, be sure to chat with current homeowners to determine what the community feel is. Taking the time to research the community is an important part of purchasing a home and could save you some headaches down the road.
About Grand Park Neighborhoods: The neighborhoods at Grand Park are welcoming and active. If you are looking to get to know your neighbors, it is easy to make those connections and integrate in the community. If you prefer a secluded retreat where you can keep to yourself, it is just as easy to lay low and remain semi-anonymous.
4. Always Think Resale:
Regardless of whether or not you plan on selling your home down the road, it is important to consider re-sale. You never know what might come up and encourage you to sell.
Seek out a budding neighborhood: Look for an up-and-coming neighborhood. One that is growing, desirable, and innovative. Up-and-coming neighborhoods tend to continue to hold and increase value over the years.
Fact: Grand Park is growing neighborhood, strategically positioned and developed, to provide a beautiful natural environment, layout, and homes. The demand for affordable, sustainable, and logically designed homes is growing, and is expected to continue to grow.
Location, location, location: Location and accessibility is VERY important to buyers. Accessibility to stores, gyms, schools, offices, and amenities such as trails, ski resorts, parks, and camping is crucial when considering resale.
Grand Park’s Location: Grand Park is centrally located to hiking trails, the local movie theater, Grand Park Community Recreation Center, shops, schools, Winter Park Resort, and perhaps most importantly, Denver, Colorado.
Views: Stunning views can, and do add value…along with enjoyment!
Fact: Grand Park homes that look out onto meadows and the Continental Divide tend to have higher values than similar homes in Winter Park, that look onto the backside of a restaurant, building, or the main road.
Layout and Curb Appeal: Homes with great layouts and an inviting curb appeal typically have higher resale values.
Grand Park Homes are designed with life and resale in mind. All of Grand Park’s homes have been deliberately designed to be inviting, efficient, maximize sunshine, views, and enjoyment.
So There You Have It!
If you are in search of your perfect mountain home, or just want to chat with a real estate professional, call to schedule a visit. Our real estate experts are happy to discuss real estate trends, tips, and show you the many options available. Who knows, they might even introduce you to your future home in the mountains!
