Park City, Utah is widely known as a resort town, with lovely snow-capped peaks and great slopes for all kinds of snow-based fun. And even when the snow melts and temperatures rise, outdoor recreational activities are still a-plenty for everyone’s enjoyment.
To give you an idea of the real estate climate for vacation homes here, this guide will give you everything you need to know about Park City.
There are prime locations in and around Park City. Where you’ll buy will depend on your preferred lifestyle.
Main Street of Old Town Park City. If you want to be close to the modern conveniences of Park City, the historic Old Town won’t disappoint. The restored vintage homes here give it that literal Old-Town feel but this is actually where the hustle and bustle of urban activity is. For cultural and cinema geeks, the Sundance Film Festival happens here every January.
Mountain Resort area. Owning one of the vacation homes here gives you easy access to the ski slopes and lifts of the Park City Mountain Resort. The properties to choose from range from condos to luxury real estate, thus, assuring you of a vacation home to fit your budget and taste.
Canyons Resort area. If you want a place that’s near one of the largest ski and summer resorts in the country, then your best bet for a vacation home location is here. Condos and townhouses are available here plus some luxury homes priced at less than a million dollars for a grand vacation getaway.
Deer Valley area. For the pinnacle of luxury in a winter wonderland, Deer Valley is the place to be. The resort provides a world-class experience from the well-maintained runs to the extra-special amenities. You’ll also find some of the most exquisite luxury homes near the area but townhouses and condos are also available here.
Park City golf clubs. For people who would rather take to the greens for some tee time, then Park City has several golf club communities with great properties to choose from. Here are some Park City golf clubs with available real estate.
Buying in cold cash can easily conclude your home-buying journey in Park City. But if you want financing that won’t burn your pocket in one go, consider getting a mortgage. Just keep in mind that the Park City housing market is still very much at the top of investors’ minds despite the incremental increase in interest rates. That said, it’s best to consult a local real estate expert for assistance in crafting an offer that’s hard to resist.
Whatever mode of financing you choose, it pays to protect your hard-earned investment by researching the property you’re purchasing. Some may have legal issues that could hinder mortgage approval.
Caring for your vacation home
Living far from your Park City vacation home, you won’t be able to tend to it on a regular basis. Upkeep is still of prime importance whether you’re using it as a second home or as a rental. In hiring a caretaker, they will take over the job of regular maintenance and will prepare the house before you use it. But if you opt to rent out your vacation home, a professional property manager is the better option to help you with collecting deposits, facilitating renters’ entries and exits, and scheduling regular cleaning.
Ready to invest in a Park City vacation home? Contact Team Schlopy today!