INVESTMENT      

Over 60% of the property in Breckenridge is owned by absentee owners, some of whom bought for eventual retirement, some for vacation homes, some strictly for investment.  Based on absorption rates over the past 10 years, it is anticipated that Breckenridge will be "builtout" (a circumstance achieved when all the property available for development has been developed) by 2011.  Even if the growth rate slows, buildout is likely to be achieved within the next 5-10 years.  When this happens, property values are likely to skyrocket.  Because most of the absorption will be from absentee owners, the population is not expected to grow substantially, so this pristine friendliness and feeling part of a community is likely to stay the way it is.

Just this past year, 2007, typical property values appreciated some 12%.  If the intent of your real estate purchase in Breckenridge is strictly for investment, 12% is not a bad return!  And if, as so many second-home owners do, you also place your property for short-term rentals, the rental revenue becomes sort of like an additional dividend.

VACATION OR RETIREMENT HOME   

It is not unusual for visitors to Breckenridge to simply fall in love with the place.  They want to return frequently, and year after year.  There probably is no better place to bring the family to enjoy skiing, ice skating, sledding, snowmobiling and other activities in the winter, and soak up hiking, biking, fishing, golf during the beautiful summers.  So, they purchase a second home for their own use, often hoping to eventually retire in this pristine community.  These vacation properties also continue to appreciate in value.

REAL ESTATE POSSIBILITIES

Whether you're looking for a condominium, townhome, single family residence, or vacant land for eventual building, the opportunities are plentiful.  Condominiums and townhomes have the advantage of having a management company take care of the property in your absence.  And there are local businesses that cater to maintaining single family homes for absentee owners.  But whatever your goals, Susan Gunnin would appreciate the opportunity to work with you to achieve them.