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Shining the Light on Women in History

The month of March is a time to proudly celebrate Women’s History Month ‐ from Madam Marie Curie, who founded the new science of radioactivity and discoveries that launched effective cures for cancer, to black civil rights activist Rosa Parks, who challenged racial segregation in Montgomery, Alabama in 1955 by refusing to give up her seat on a bus so that a white person could sit down.

The history of women’s impact on society and culture through the centuries has played a major role in shaping our world. There have been so many important contributions made by women, from selfless acts of courage by women such as Florence Nightingale, to invaluable artistic contributions from brilliant artists and novelists such as Frida Kahlo and Jane Austen.

Join Team Schlopy in acknowledging impressive women through the ages. Their achievements changed history and paved the way for the success of generations to come.

Why investing in real estate is a smart move

Under the right circumstances, investing in real estate can be an excellent alternative to stocks, as it can offer better returns, lower risks, and greater diversification.

Whether you’re planning to invest to earn residual income, save up for your college fund, or prepare for retirement, investing in real estate can be a great place to start, as long as you have a well-designed investment strategy that meets your budget and specific requirements.

In this page, we’ll take a look at some of the many reasons why investing in real estate is a smart choice.

Real estate is a tangible asset that will always have value

Unlike other investments such as stocks which can leave investors with little to zero value, there will always be value in a property. Real estate assets can also be protected in case of worst-case scenarios by homeowners’ insurance, so investors can get peace of mind provided they get the best policies available.

Real estate values increase over time

History has shown that the real estate market always recovers from past bubbles that have caused a drop in home appreciation. For those who kept their investments during unpredictable times, prices always returned to normal levels, and continue to appreciate over time.

Those who invest in real estate understand that it’s by no means a short term investment plan – they know their property’s value will be worth significantly more 20 or 30 years from now, which is why they’re in this investment for the long haul.

Tax benefits

Real estate investors who own a rental property get several tax exemptions, which is one of the primary reasons why many opt to invest in real estate in the first place.

Rental income isn’t subjected to self-employment tax, for example. Additionally, tax breaks are offered by the government for property insurance, legal fees, maintenance repairs, property taxes, and so on.

It’s improvable

One of the best advantages of investing in real estate is that it’s something that can be improved. Since it’s a tangible asset, its value can be increased through additions and renovations. Whether you’re performing cosmetic or structural improvements, doing everything yourself or hiring someone else to do the work for you, the principle remains the same, allowing you to increase your investment’s value as needed.

Covered mortgage payments

For those who own a rental property, tenants play a role in the benefits you get out of your investment. The rental income you receive every month will be more than enough to cover your monthly expenses, including mortgage payments, which means your tenant is essentially the one paying for your mortgage.

For this reason, it’s important to make sure your tenants are satisfied at all times, while avoiding the negative repercussions of vacancy at all costs.

Ready to start your search for the perfect investment property in Park City? Get in touch with Team Schlopy today by calling (435) 640-5660 or send an email to info@teamschlopy.com

 

Top Park City golf communities

For avid golfers, there’s nothing quite like walking out your front door and stepping into the fairways and greens anytime you want. And it’s not just instant access to the golf course – living in a golf community offers picture-perfect views of sweeping green vistas as well, along with a multitude of first-class amenities for residents of all ages.

If you’re looking forward to a relaxing lifestyle steps away from the golf course, here are some of the top-rated golf communities you can find in Park City:

Glenwild

Glenwild is an exclusive gated residential community with 200 home sites surrounded by breathtaking golf course views. The community is home to what many consider the best golf course in Utah – a 7,564-yard, par-71 championship course designed by Tom Fazio, one of the most renowned golf course architects today. The course challenges golfers of all skill levels while offering picture-perfect views of meandering creeks, serene lakes, and distant mountain peaks.

In addition to the championship golf course, other amenities include a 37,000-square-foot clubhouse and spa, a state-of-the-art fitness center, a year-round heated pool, and access to the Glenwild trail system. Many dining, skiing, and entertainment options are also less than 15 minutes away from Glenwild.

Jeremy Ranch

Jeremy Ranch is an exclusive golfing community nestled in the Wasatch Mountains’ Upper East Canyon, minutes away from Park City and Salt Lake City. Its prime location makes it a perfect choice for those looking for a relaxing mountain lifestyle while working in the city.

Jeremy Ranch is a very family-friendly golf community, with a large number of primary residence owners living here year-round compared to other developments. Its Arnold Palmer-designed 18-hole championship golf course is highly rated by many top golfing publications, with its challenging fairways scattered with aspens, pines, and low brush, along with elevation changes created by the course’s location in the Wasatch Mountains foothills.

Park Meadows

Established in 1983, Park Meadows is an exclusive neighborhood highlighted by a Jack Nicklaus Signature golf course that hosts ten Senior PGA Tour events. The course provides golfers of all levels with an unforgettable playing experience with its fast and fair greens, demanding slopes that require a strategic approach, and well-designed layout that’s enjoyable to play over and over again.

Residents of Park Meadows can also look forward to a full calendar of social events and gatherings, along with exclusive perks for Park Meadows members at the Deer Valley Resort.

Promontory

Promontory offers the perfect balance between luxury and mountain living, with its breathtaking surroundings, selection of top-quality real estate options, and award-winning amenities. Encompassing more than 11 square miles at elevations approximately 6,500 feet above sea level, Promontory is an exceptional mountain retreat overlooking Park City, providing residents a luxurious lifestyle surrounded by captivating views.

Golf enthusiasts living in Promontory get access to the Pete Dye Canyon Course, an acclaimed 7,690-yard championship course that’s designed to take full advantage of the area’s rugged terrain, undulating hills, and deep canyons.

Ready to start your search for the perfect home in one of Park City’s finest golf communities? Get in touch with Team Schlopy today by calling (435) 640-5660 or send an email to info@teamschlopy.com

Buying Land: Look Before You Leap

Have you found yourself dreaming of your own Walden Pond lately? Whether you’re looking to build a luxury retreat or you just want a natural escape, the dream of scooping up an undervalued piece of land is an understandable one. But before you break out the flannel, it’s important to remember that buying land is different from buying property with a structure already on it. Here are some things to keep in mind when buying land:

If it’s an investment, consider it a long-term investment
Land is not a quick flip. You should only plan to buy land if you’re going to hold on to it for at least 10 to 20 years. Landholding can protect you against inflation, but its value isn’t going to rise quickly.

Pay cash if possible
If you aren’t going to build a home on your land right away, lenders will see you as a risk, and you’ll have to pay 30 to 50% upfront (if not full price). If you are going to build right away, you can get a construction-to-permanent loan, which is different from a normal home loan.

Construction-to-permanent loans are a form of short-term financing that don’t have fixed rates. Your bank releases funds as construction stages are completed. Then, the loan rolls over into a traditional mortgage when construction is done.

If you plan to build with a construction-to-permanent loan, and you don’t have collateral in the form of a preexisting home, you’ll need to have nearly perfect credit.

Paying all cash is the best option to avoid these financial hurdles.

Review deed restrictions
Before getting your heart set on land, it’s important to look at deed restrictions to determine what you can and can’t do with the property. You’ll also have to figure out how binding these restrictions are. Restrictions might include limits on the building styles or square footage. The more rural the property, the fewer deed restrictions there are likely to be, but that’s not always the case.

Research zoning restrictions
Land may be zoned for commercial use, residential use, or both. You’ll have to figure out if the land is zoned for additional structures like detached garages or ADUs. Zoning restrictions can also determine the minimum structure size you can build.

Find out about easement stipulations
If there’s an easement on a property’s title, you’ll want to know the stipulations before buying. An easement gives another person or entity a legal right to someone else’s property for specific reasons, which may reduce privacy or cause other headaches.

Water and septic considerations
If you’re looking at land that’s not on a city sewer system, you may have to dig a well for water. That can cost over $10,000, plus the costs of water filtration. Some properties even require adding lakes or hydrants, so firefighters have access to a rural water supply.

If your land isn’t on a municipal sewer system, then any structure you build will probably need a septic tank. For that, you’ll need a percolation test, which measures how absorbent the soil is to the liquid that comes out of the septic tank. If you can’t support a septic tank on your land, you probably won’t be able to build or get a mortgage.

Buying land can be a great opportunity, but a lot of research should go into the decision. Do your due diligence and consult with experts on real estate laws and local zoning guidelines. Like anything else, if a land deal looks too good to be true, it probably is.

Team Schlopy Member Spotlight – Mary Frances Rose

 

  1. What does the Park City Lifestyle mean? Truly have the best of the best lifestyle! We have all 4 seasons to enjoy various activities from camping to skiing to hiking and biking! There are so many options you will never be bored!
  2. Favorite neighborhood in Park City and why? The Preserve – when I first went to The Preserve I loved everything from the location to the wildlife that walked about. Feels very serene.
  3. Favorite winter & summer activity in Park City and why? Winter – skiing (growing up in the south we skied on ice!) In the summer I love camping and getting the chance to relax and unplug for the weekend!
  4. Favorite dining spot and why? Shabu because of the intimate atmosphere and the amazing food options! Whenever I have anyone in town that is my go-to spot! Highly recommend getting the hot rock and the beehive buzz for a drink!
  5. Favorite season in Park City and why? Winter! Growing up in North Carolina we did not get a lot of snow and to me every time it snows there is something magical about it!
  6. Why choose Team Schlopy as your Realtors? We love what we do and we love Park City which makes use knowledgeable in the market.
  7. Most important thing to know about selling a property in Park City. Hiring a team that is committed to taking you from just listed to just sold!
  8. Most important thing to know about buying a property in Park City. Picking a Realtor that is well versed in the area!
  9. What is the best thing about being with Team Schlopy? The amazing people that I get to meet along the way and the relationships I am building!

Helpful tips on saving up for a home down payment

For many people, one of the biggest obstacles towards becoming a homeowner is saving up for the hefty down payment required to purchase the property.

Banks and mortgage lenders typically prefer a 20% down payment of a home’s purchase price. And while it’s not a requirement, there are many benefits of putting 20% down on a house, such as lower monthly payments, a smaller mortgage loan balance, and no mortgage insurance required, among others.

On this page, we offer a few helpful tips on how you can save up for a home down payment.

Look into down payment assistance programs

Most homebuyers who don’t have enough saved up for a down payment often make the mistake of accepting private mortgage insurance without seeing first whether they can apply for assistance. Most banks have programs specifically designed to help those planning to purchase a home, so remember to check some of the local banks in your area.

For low to moderate-income borrowers, the Federal Housing Administration or FHA offers loans backed by the government, available through FHA-approved lenders or banks. FHA loans offer low down payments starting at 3.5%, which is why they’re widely used by first-time, lower-income, and low-credit home buyers.

Create a clear savings goal

One of the best ways to save enough for a home down payment is to know exactly how much you need beforehand. If you’re unable to get to 20%, try to avoid putting down less than 10% — otherwise, you’ll be dealing with additional interest and fees for years.

Aim for “15 and 25,” which means a 15-year fixed-rate mortgage that does not exceed 25% of your monthly take-home income. This is the lowest cost mortgage overall, allowing you to save a significant amount of dollars in interest fees compared to most types of mortgages. Additionally, mortgage payments that do not go above 25% of your monthly earnings will give you plenty of breathing room in your budget to hit other financial goals.

Set aside savings consistently

The key to growing your savings is to develop a habit of making identical deposits at the same time each month. You can do this by transferring a set amount into your savings account every pay period, or see if there’s a way for you to directly deposit a certain amount from your paycheck into your savings account every month.

Put your money to work as you’re saving

Any money you have in a regular savings account is earning very little interest, and won’t be able to help you get to your savings goal faster.

Consider putting your down payment savings into a high-yield money market or savings account, which will help you earn more interest compared to regular savings accounts.

Another option is to look into a certificate of deposit or CD. This type of account offers limited liquidity and flexibility, but the yields and principal protection will be more substantial compared to conventional savings accounts.

Want to find the finest homes for sale in Park City? Get in touch with Team Schlopy today by calling (435) 640-5660 or send an email to info@teamschlopy.com.

4 Steps to Turn Any Investment Property into a Thriving Rental

Looking to draw more renters to an investment property? Or, perhaps your searching for the right vacation rental home? Either way, having the right features and qualities can help increase your rental profits and attract more tenants and guests to your listing. While this sounds like a complicated process, it can actually be quite simple when you follow these effortless steps for making your investment property more enticing and more profitable.

Invest in Areas Where Rentals Will Work

If you’re looking to attract renters to your investment property, you need to look for the right locations. For vacation rentals, choosing a popular vacation and tourist destination, such as  Park City, will almost guarantee you more potential renters for your vacation property. As Turnkey reminds, during the ski season, Park City allows beginners and experts to hit the slopes, while Old Town galleries, boutiques, and shops are a draw for tourists throughout the year. Visitors also love checking out Utah Olympic Park, home of the 2002 Winter Olympics. With locations like Park City, your vacation property will always be in high demand, whether it’s a new vacation home or an existing rental property.

Add Amenities That Will Add Appeal

When vacationers and renters pick potential properties, they often go off of their first impressions of those homes. For a long-term rental, attracting quality tenants is crucial to ensuring a consistent stream of income without consistent problems. Getting your property to appeal to those renters means offering top amenities they are looking for in a home, including free parking, private outdoor spaces, updated interiors, and included appliances. Short-term rental homeowners also need to make sure basic amenities, such as toilet paper or an internet connection, aren’t missing from their guests’ experience in order to garner rave reviews that will help draw in future guests. If you do offer any luxury amenities in your rentals, such as pet spaces, be sure to highlight those features in your listing and your marketing efforts.

Keep Design Elements Modern and Sleek

The style you incorporate into a rental property is likely to be much different than that of your own home. That’s because modern tenants are looking for modern design elements when they are searching for the perfect rental home. Sleek and organized are key features of this in-demand look, so make sure your property is free from clutter, both inside and out, and also take care when selecting any furniture or art. Paint choices for a property’s exterior and interior can also enhance the appeal and overall value, so keep this in mind when it comes time to paint or re-paint your long-term rental property. If your investment property is rented as a vacation home, you can select subdued furnishings to complement the home’s location, but try to avoid any overt themes or kitschy decor. Keep elements cozy and on-theme, but don’t go over the top and don’t clutter spaces with too much furniture or decor. 

Provide Prompt Replies to Property Issues

Both long-term and short-term tenants expect prompt replies to questions and concerns, especially in regard to needed repairs or issues with your property. You need to maintain an open line of communication with guests and tenants at all times so that you can address any issues promptly as they arise. So, make sure you have a property management plan in place before you list your rental property. Your plan needs to be multifaceted and should include provisions for supply inventory, property instructions, and any plans for personal use. As part of this plan, you may also want to check out property managers, who can assist with many of the smaller details that can be difficult for rental property owners to manage properly on their own.

Whether it’s a long-term home or a short-term stay, renters are looking for a positive experience. So, make sure your investment property provides that experience to potential tenants and guests from start to finish. Give your listing a boost with the right design and amenities and then follow through on any issues to boost the appeal of your home.

 

Key features of Mountain Modern Architecture

Widely used in alpine landscapes all over the country, the mountain modern architectural style fuses modern design with the serene mountain life to create a living space unlike any other. While typical mountain homes in the past simply banked on their rustic look and feel as a unique feature, the mountain modern style is designed to make mountain living more comfortable while paying homage to the breathtaking natural surroundings.

In case you’re unsure whether or not the mountain modern architectural style is for you, here’s a look at some of its key features.

Indoor-outdoor lifestyle

Mountain modern homes offer a seamless indoor-outdoor lifestyle, blurring the lines between nature and structure. Common features like retractable glass walls provide interior spaces easy access to outdoor living areas such as patios, covered terraces, sundecks, al fresco dining areas, and outdoor kitchens.

This is the perfect architectural style for those who love spending time outdoors within the comfort of their homes, without compromising convenience and comfort.

Clean, minimalist interiors

In the past, mountain home interiors were more along the lines of bear rugs, mounted deer heads, and walls filled with hunting trophies.

The mountain modern style veers away from those elements, and is all about clean lines and uncluttered spaces. The style aims to create a more relaxing atmosphere by highlighting picturesque views through the use of high ceilings and open layouts. Compared to more traditional mountain homes that have many smaller rooms, mountain modern design prioritizes expansive, open spaces, while reducing clutter by leaning more towards bolder, larger pieces of décor to make an impact.

Natural light-filled spaces

Lighting plays a key role in mountain modern design. The use of floor-to-ceiling windows serve to bathe interiors in natural light and frame views of the outdoors as much as possible, which is what most people love about living in the mountains, after all.

Skilled architects specializing in the mountain modern style also take sunlight into consideration when positioning the home to ensure interiors take advantage of as much natural light as possible.

Locally-sourced materials

Homes in mountainous locations usually get easy access to the area’s rich supply of wood and natural stone – a major benefit for homeowners looking forward to an eco-friendlier lifestyle.

The use of locally sourced materials also serves as a home’s connection to its surroundings, which highlights the area’s natural beauty.

Low-maintenance design

The mountain modern style is designed to offer more carefree, maintenance living, with simple details that take the weather, different seasons, and even local wildlife into consideration.

The style takes inspiration from the landscape by integrating native plants and locally sourced stone, creating thoughtful exteriors that blend flawlessly with the surroundings. Although it’s one of the newest and most popular architectural design trends, it’s also very sustainable, allowing owners to spend less time dealing with tedious maintenance tasks and giving them more time to simply enjoy their mountain home.

The mountain modern design offers the best of both worlds by using a laidback approach geared towards comfort while respecting nature, making it perfect for anyone looking forward to a relaxing lifestyle in the mountains.

Searching for the perfect mountain retreat in Park City? Get in touch with Team Schlopy today by calling (435) 640-5660 or send an email to info@teamschlopy.com

Your guide to snowmobiling in Park City, Utah

A wide variety of exciting winter sports can be enjoyed in Utah – but there’s nothing quite as thrilling as going full throttle on a snowmobile on one of Park City’s scenic backcountry trails.

The city is a popular snowmobiling destination due to the terrific selection of top-quality snowmobile touring companies in and around the area, ideal for guests of all ages and experience levels. Snowmobiling in Park City isn’t just for adrenaline junkies — it’s fun for nature lovers as well, as it offers great opportunities to catch a glimpse of native wildlife, including moose, elk, and deer.

Ready to embark on an unforgettable snowmobiling trip in Park City? Here are some of the best snowmobile tour companies and venues for you to check out:

Park City Peaks

One of the highest-rated snowmobiling destinations on Tripadvisor and Yelp, Park City Peaks is a sprawling 60,000-acre private ranch in Oakley, located just a quick drive away from Park City’s Historic Main Street.

Park City Peaks’ snowmobiling trails get consistent snow conditions all season long, as they’re perched atop one of Utah’s highest elevation points at 11,000 feet, getting as much as 30 feet of snow annually. They’re also the largest private mountain ranch in Utah, which gives visitors access to more terrain than all other winter recreation tour companies combined, along with an amazing variety of trails featuring massive bowls, scenic river valleys, and soaring peaks.

North Forty Escapes

North Forty Escapes is a 3,000-acre private ranch boasting a network of trails featuring a mix of picturesque river runs, expansive open meadows, mountain ascents, and single-track trails zipping through aspens and pines. In addition to snowmobiling, North Forty Escapes also provides dog sledding tours, snowshoe tours, and romantic sleigh ride dinners.

Park City residents and visitors can take a free shuttle service to get to the North Forty Escapes ranch.

Lofty Peaks Adventures

Cruise through Utah’s stunning winter landscapes on a snowmobile at Lofty Peaks Adventures, located just 15 minutes away from Park City. Snowmobilers at Lofty Peaks get access to trails winding through two mountain ranges (Uintah and Wasatch), passing through several serene lakes and scenic meadows.

Lofty Peaks Adventures has been in the business for more than 25 years, and is one of the oldest and most popular snowmobiling destinations in Utah thanks to their perfect combination of breathtaking scenery, top-quality equipment, excellent terrain, and world-class service.

Red Pine Adventures

Take in stunning panoramic views of the Wasatch Mountains by going on a snowmobile tour led by the experienced guides of Red Pine Adventures. Encompassing more than 1,000 acres of privately owned land, Red Pine Adventures boasts groomed trails meandering through sweeping alpine meadows and forested mountain terrain with deep powder snow, treating visitors to an exhilarating experience across an enchanting winter wonderland.

These are just some of the many world-class snowmobiling destinations you can find in and around Park City!

Choose from the finest selection of Park City homes for sale today! Get in touch with Team Schlopy today by calling (435) 640-5660 or send an email to info@teamschlopy.com

The best hiking trails in Park City, Utah

Looking to explore some of the most scenic trails in Park City, Utah? We’ve got you covered! Time to lace up your hiking shoes and pack your gear – here are several amazing trails for you to discover:

Round Valley Trail System

Located northwest of Park City’s Main Street, the 6-mile Round Valley Trail System offers easy round-trip hikes, with an extensive set of paths that give you the opportunity to change the distance of your hike on the fly and explore different routes with every visit.

The trail system is pet-friendly, which makes it a great choice for pet owners looking forward to taking their loyal pals on a fun outdoor adventure. Remember to wear a hat and bring sunscreen, as there’s limited shade on most trail sections.

McPollin Farm Trail

The 3.6-mile McPollin Farm Trail is perfect for hikers of all ages. It’s a paved trail, so it’s ideal even for younger hikers or anyone requiring a mobility aid.

The trails around the 160-acre McPollin Farm are surrounded by picture-perfect views of sweeping horse pastures and expansive open fields. Along the way, hikers will get to see McLeod Creek and the white barn, considered one of the most iconic sites in Park City.

Lofty Lakes Loop

This easy Park City loop trail features a moderate elevation gain and stunning views of the landscapes surrounding the majestic Uinta Mountains. Hikers will be treated to serene lake views, as this 4-mile trail passes by three different alpine lakes: Lofty Lake, Kamas Lake, and Scout Lake. And in case you’re looking for more, you can add a detour to Cuberant Lake, which will give you the perfect opportunity to cool down before finishing your hike.

Jenni’s Trail

Jenni’s Trail is one of the newest trails in the Park City area, taking hikers on a challenging but fun journey starting from Park City Mountain Resort to some of the most beautiful overlooks throughout the area.

The trail is ideal even for hikers with little experience, as it doesn’t require a lot of technical skill. It’s also very popular for mountain bikers, although they’re only able to bike on the upwards portion of the trail and then take the chairlift to get back to the starting point.

Bald Mountain

If you’re looking for a challenging yet rewarding hike, the Bald Mountain trail takes hikers on a scenic 12,000-foot ascent to the High Uintas. Those who don’t have much experience with high altitude hiking might want to prepare by tackling some of the other trails mentioned earlier, as this one can be a punishing climb for casual hikers. The trail’s moderate length however, does make it slightly more manageable.

Remember to check weather conditions before heading to Bald Mountain, and stay clear of the trail in case there’s possibility of lightning in the area.

Ready to start your search for the perfect home in Park City? Get in touch with Team Schlopy today by calling (435) 640-5660 or send an email to info@teamschlopy.com

 

Key differences between full-service brokers and discount brokers

Investing your money is one of the best ways to build your wealth over time. In order to invest however, most investors need to work with a professional intermediary. This is where brokerages come in – they’re there to bridge the gap between investors and the market.

When choosing a broker, one of the first and most important decisions you’ll encounter is whether to choose a full-service or discount broker. Getting a better understanding of your options will be key to successfully choosing the right broker for your goals. Here’s what you need to know:

Full-service brokers

As their name implies, full-service brokers offer complete investment services. You’re essentially hiring a professional to take control and manage your investment portfolio for you, making decisions on your behalf. Back then, they were the only option available, and each transaction came with a hefty price tag.

Nowadays however, full-service brokers are more affordable, as they usually charge based on how much money you have in your account. In general, they charge between 1% to 2% of the assets managed.

Another important thing you should know about full-service brokers is they require account minimums. If you’re planning to hire a full-service brokerage, you may need to have at least $100,000 to $250,000 worth of assets. Some full-service brokers however, offer services for investors with fewer assets in exchange for a higher fee.

Discount brokers

With discount brokers, investors get the opportunity to make decisions on your own. Working with discount brokers give you access to online trading platforms and helpful tools like stock screeners, which gives you comprehensive information that will help you decide on what works best according to your goals.

Discount brokers offer a variety of services. Some provide more advanced investing tools and charge higher fees, while others provide investors with only the basics, while charging lower fees. With a discount broker, investors can either make trades automatically through an online trading platform or get in touch with the broker over the phone (this usually costs more). Most discount brokers charge around $5 to $10 commission fees for every buy or sell order, while there are some who charge annual account fees.

Discount brokers are an excellent option especially for more experienced investors simply because they’re more affordable. Of course, choosing to work with a discount broker isn’t without risk, as you’ll be making trade decisions yourself, without the help of an experienced, professional broker.

Making your decision

When it comes to choosing between a full-service broker and a discount broker, there’s no “perfect” choice, as it will depend on the personal needs, preferences, and goals of every investor. The smart move is to perform a cost-benefit analysis for every broker, taking into account the level of service and features they provide, and how these will figure into your plans and what you want to achieve.

Looking for the best investment properties in communities such as Park City, Park Meadows, Deer Valley, Glenwild, Old Town, Silver Creek, or other desirable markets throughout Utah? Get in touch with Team Schlopy today by calling (435) 640-5660 or send an email to info@teamschlopy.com

Top reasons to invest in a rental property in Utah

For the past several years, Utah has been one of the hottest real estate markets in the county, attracting countless property investors from all over the world. Despite the impact of the pandemic on real estate markets worldwide, Utah is still considered one of the best states in America to invest in property.

In this page, we’ll give you some of the many great reasons to invest in a Utah rental property today.

Utah’s vibrant tech industry

Utah is home to a growing tech scene that has attracted the likes of Adobe, Microsoft, Twitter, and other industry giants. Nicknamed “Silicon Slopes” for its emerging startup scene and soaring mountain ranges, Utah offers a very lucrative business environment, thanks to aggressive state tax breaks and growth prospects.

Additionally, the state is home to the headquarters of many successful software firms including Domo, Qualtrics, and Pluralsight. Utah’s booming job market is one of the many reasons why investing in rental properties in the state is a smart move.

High rental demand

In addition to being home to numerous successful companies, Utah also features prestigious colleges and universities as well, such as Brigham Young University, Westminster College, and University of Utah.

As a result, the state’s population has a large percentage of recent graduates. The state’s consistently growing population, expanding job market, and growing economy creates strong rental demand, making it easy for real estate investors to find renters and buyers for their investment properties.

High real estate appreciation

Investment properties in Utah generate profits not only through positive cash flow, but through real estate appreciation as well. According to NeighborhoodScout.com, many cities and communities throughout Utah are among the country’s top-tier markets for appreciation, with several of them included in the top 10% to 20% for national appreciation.

Robust economy

Utah’s strong economy enhances the performance of traditional investment properties. The state’s unemployment rate is currently at 4.3%, which is lower than the U.S. average of 6.7%. Some of Utah’s cities have unemployment rates that are significantly lower than the state average, like Eagle Mountain, which currently has a 2% unemployment rate.

A lifestyle destination

One of the biggest advantages real estate investors enjoy in Utah is its exceptional overall quality of life, with its incredible ski slopes and scenic outdoor venues combined with great employment opportunities and top-quality healthcare facilities.

Currently home to a growing population of over 2.3 million residents, the state will always be an attractive destination for anyone looking forward to a healthy, enjoyable lifestyle, thanks to world-class destinations such as Bryce Canyon National Park and Zion National Park.

The array of terrific attractions in Utah results in low vacancy rates, which is perfect for real investors looking to own rental properties that can generate consistent income year-round.

Ready to start your search for the finest investment properties in communities such as Park City, Park Meadows, Deer Valley, Glenwild, Old Town, Silver Creek, or other desirable markets throughout Utah? Get in touch with Team Schlopy today by calling (435) 640-5660 or send an email to info@teamschlopy.com

Top Things to do in Heber, Utah

Heber, UT may stretch only eight-and-a-half miles, but its vicinity is chock-full of amazing attractions and unique experiences. If you’re looking for great weekend activities, be sure to add these destinations to your itinerary:

Take a scenic train ride

It’s been said that the journey matters more than the destination, and the Deer Creek Express certainly proves that saying right. This leisurely 90-minute ride takes you on a breathtaking journey through the Wasatch Range, Deer Creek Reservoir, and Heber Valley. Along the way, you’ll pass by scenic sights like mountainside vistas, fields of wildflowers, and tranquil lakes. Who knows, you might even spot a real-life moose during your trip! Just be sure to pick seats on the right side of the train to get the best views possible.

Explore the great outdoors

Outdoor lovers will be spoilt for choice at Uinta National Forest, one of Heber’s premier outdoor attractions. Hikers are sure to love the area’s verdant landscape and stunning sights, while mountain bikers will appreciate the challenging single-track trails. If you’d like to spend a night in nature, camping is allowed and you can easily reserve your spot online. In the winter, the forest is transformed into a snowy wonderland where you can enjoy skiing and snowshoeing. Is it any wonder why Uinta National Forest welcomes over three million visitors each year?

Tee off in style

The Bill Neff-designed ranges at Wasatch Golf offer you the best of both worlds with its Mountain and Lake course. Located at the heart of Wasatch Mountain State Park, this course was rated 4.5/5 by Golf Digest due to its scenic location, challenging greens, and affordability. It’s a blast to play in practically year-round, thanks to the cooler weather in the spring and summer and the picturesque colors in the fall. The facility also has in-house golf professionals who can help you hone your swing and sharpen your playing strategy.

Go trout fishing

The Provo River is a blue-ribbon fishing spot for a good reason: its self-sustaining habitat ensures an abundance of trout even without stocking. You’re sure to snag a trout or two that’s worth bragging about, as fish under 18 inches is a rarity in these waters. The best fishing spot is the middle section of the Provo River, which is close to the Jordanelle Reservoir and has a fairly stable water temperature year-round.

Dive deep

Diving might seem improbable in a landlocked state like Utah, but Homestead Crater has proven many naysayers wrong. This 55-foot tall, beehive-shaped limestone crater is one of the best geothermal diving sites in the country. It was formed over 10,000 years ago when snowmelt from the Wasatch Mountains seeped into the crater, and where a natural hot spring keeps the water constantly warm. The destination presents a unique experience that’s akin to diving into a giant natural hot tub.

When you live in Heber, there’s always something fun and fascinating to do. If you’d like to move here, Team Schlopy can give you access to property listings you won’t find anywhere else. To know more, call 385.999.1640 or send an email to leads@teamschlopy.com.

The Best Outdoor Activities to Try in Kamas and Park City, Utah

When you live in Kamas or Park City, nature is your playground. With their excellent location, these cities are but a short drive away from premier outdoor destinations that are sure to thrill nature lovers like you. Below are just a few of them:

Drive along Mirror Lake Scenic Byway – Uinta Mountains, Utah

If you plan on driving through Mirror Lake Scenic Byway, be sure your camera batteries are fully charged as you’ll be snapping plenty of photos here. Stretching some 42 miles, this mountain road begins at Kamas and peaks at over 10,000 feet above sea level at Bald Mountain Pass. Along the way, you’ll pass through countless overlooks, waterfalls, trailheads, and Mirror Lake itself.

Stay the night at Rockport Marina – Peoa, Utah

Gaze at the star-studded sky before going to bed, and wake up to the tranquil sound of lapping waves at dawn. Experience all this and more at Rockport Marina, which offers both cabin and yurt rentals for overnight stays. The venue is also home to other water activities such as jet skiing, fishing, kayaking, and boating. And in the winter, you can also try your hand at snowshoeing and ice fishing.

Fly fish at Provo River – Wasatch County, Utah

Fly fishing doesn’t get any better than at Provo River, a blue-ribbon fishing spot that’s famed for its abundance of trout. In fact, it’s estimated that there are 3,000 trout per mile in this river. The middle section, which runs from Jordanelle Reservoir to Deer Creek Reservoir, is especially popular among fly fishers due to the big trout that inhabit its waters.

Go mountain biking at Deer Valley Resort – Park City, Utah

Deer Valley Resort is a mountain biker’s dream, featuring trails of all difficulty levels set in a scenic forest backdrop. Whether you’re looking to bike on tabletops, tree runs, or banked turns, there’s a technically challenging course waiting here for you. Even better, the trails are served by the same lifts used by skiers in winter, so getting back up the track is a cinch.

Hike at Daley Canyon – Park City, Utah

When you hike along Daley Canyon, you won’t just get a fantastic view, you also get a little history lesson. After all, the area used to be part of a silver mine back in the early 1900s. As such, you’ll see relics from Park City’s mining-town era, including equipment dating back over a hundred years. Even better, Daley Canyon is just a short drive from the city’s historic downtown area, making it an ideal side trip.

Hike at Quarry Mountain – Park City, Utah

Lace-up those hiking boots and get ready to explore the beauty of Quarry Mountain in Park City. It’s one of the lesser-known trails in the area, meaning you won’t have to jostle with locals and tourists along the path. On your trip, you’ll enjoy excellent views of McPolin Farm, Promontory Ranch, and Kimball Junction. The 2.2-mile loop has an elevation gain of around 740 feet, making it an excellent trail for beginners.

Want to live close to nature? Then consider buying a home in Kamas or Oakley. Call Team Schlopy at 385.999.1640 or send an email to leads@teamschlopy.com to get your home search started.

Kevin Crockett Realtor
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