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How to Buy a Property in Breckenridge, Colorado

Tag: Property Management

How to Buy a Property in Breckenridge, Colorado

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Breckenridge Home For Sale - Deck. iew

How to Buy a Property in Breckenridge, CO

Today’s post is all about How to Buy a Property in Breckenridge, CO. If you’re not into reading an entire article, then go to our SEARCH MLS page and being your hunt for the perfect home! Yes, I’m sure you’ve heard about how tough it is to purchase a home in in Summit County, and if you haven’t, well, let’s just start by saying it’s a seller’s market. What does that mean? Well, that means that the supply is limited and buyers are choosing between limited properties and they are going for full or over listing price.

CLICK HERE TO SEARCH THE MLS

CLICK HERE TO SEARCH THE MLS

We briefly covered this market in the Market opinion blog earlier this year, and you can find that by clicking here. The “great COVID migration” is what has been fueling this buying surge in the mountains. Everyone has realized how important lifestyle is to their everyday living and have chosen a mountain environment near Breck as their stomping grounds.

Remote working near the Colorado ski resorts allowed some to live the dream of being able to ski when they could, and / or being able to purchase something that their family could enjoy while having to go to school and work remotely. Families realized that they didn’t want to be in their current situations and were able to secure an opportunity to live their dreams.

Searching Available Properties and Homes in Breck

Finding the right home for your family isn’t an easy task right now. The simple reason is a lot of families don’t know where to start, or what the true market is like when you get to the negotiations and putting together an offer that won’t be ignored.

The first thing most will do is a simple web search to see what pops up. Unfortunately, there are many out of date web portals that share off market listings and information that may be misleading. This makes it confusing and disappointing when clients reach out and are excited about a property they found, only to discover it’s off market or has already been sold.

Finding the Right Neighborhood to Fit Your Lifestyle

Some families want a ski-in ski-out property to fully maximize their time while on vacation. It does take a few more minutes to drive to town, park, and hop on the bus to get to the resort. Others prefer to be further out of town where it’s a little more quiet and secluded and don’t mind the drive so that they can return to their solitude amongst the forest trees.

We have been in almost every neighborhood in the Summit County towns of Breckenridge, Copper Mountain, Dillon, Keystone and Silverthorne and know what trails and amenities are nearby. That allows us to match listings with the wants and needs of families looking to move to a home that meets most or all items on their checklist.

CLICK HERE TO SEARCH THE MLS

List of Breckenridge Neighborhoods

Below is a list and a quick summary of Breckenridge neighborhoods. I’m going to save the neighborhoods in other towns for another post. Feel free to contact us to learn more about the other towns and their options.

  • Amber Ridge – Located south of Breckenridge, off of White Cloud Drive, views of the ski area
  • Baldy Ridge Estates – Baldy Mountain is the dominant peak to the east, lots and homes with ski area views
  • Beaver Run Condos – Ski in ski out condos at the base of Peak 9
  • Blazing Saddles Condos – Near the Blue River Plaza, in the heart of Breckenridge
  • Bluesky Condos – Luxury condos near the base of the Snowflake chair lift
  • Boreas Pass – Homes to the south and east offering high alpine lots and homes
  • Boulder Ridge – Subdivision near the base of Peak 8
  • Braddock Hill (The Highlands) – On the north end of the Highlands, near Tiger Rd., views of the Ten Mile Range
  • Breck Mountain Village – On the south end of town, to the east of Main St., near trails and Carter Park
  • Breck Park Estates – Up high on Baldy Mountain, with tremendous mountain views
  • Breckenridge Heights – On the south end of town, diverse mix of homes and lots
  • Brittany Place – Full size modern homes with a Victorian look and feel, right in historic district on Main St.
  • Brooks Hill – Found near the first switchback going up Boreas Pass Road, near the Illinois Creek Wetlands
  • Christie Heights – Adjacent to the Shock Hill neighborhood off of Ski HIll Rd., near the base of Peak 8
  • Cimarron Condos – Located near the downtown historic district
  • Corkscrew Flats – West of the downtown area, off of Wellington Road
  • Corral at Breckenridge – Within walking distance to the Quiksilver chair lift
  • Country Boy – Two large lots in the middle of Open Space, trail access, big mountain views
  • Crystal Peak Lodge – At the base of Peak 8 with a gondola stop
  • Cucumber Patch – New construction near the base of Peak 8 off of Ski Hill Rd.
  • Discovery Hill (The Highlands) – Near Gold Run Gulch Road and Golden Horseshoe Open Space
  • Eagle – An aptly named high perched set of lots and homes past the east end of the Highlands
  • Elkridge Townhomes – A short walk away is the Snowflake chair lift and the Beaver Run chair lift
  • Estates at Snowy Point – Located in a neighborhood off of Ski Hill Rd.
  • Fairways – Near the first sets of holes and walkable to the Breckenridge Golf Course
  • Forest Hills – On the north east end of the French Creek Valley, with great views of the ski area
  • Fox Crossing (The Highlands) – The highest road in the Silver Shekel neighborhood
  • French Creek – The original workforce housing in Breckenridge, sunny lots with access to trails and more
  • French Street Gardens – Historically styled homes, north of Wellington Road, in the downtown area
  • Glenwild – Only 2/4 lots remain, close to the base of Peak 8
  • Gold Flake – A quiet location with tremendous views of the Breckenridge Ski Resort
  • Gold King Placer – Large lots that back to national forest, just past Warriors Mark, towards Blue River
  • Gold Run (The Highlands) – On the eastern end of the Breckenridge Golf Course, near a creek and beaver ponds
  • Goldenview – Up on Blady mountain with views of the ski area and the Blue River valley to the south
  • Los Pinos Townhomes – Ski in ski out location on the slopes of Peak 9
  • Highlands at Breckenridge – Premium large lots with a golf course setting, north of downtown
  • Highlands Park (The Highlands) – Upscale homes close to the meadows near the eastern part of the golf course
  • Highland Meadow – Located between Frisco and Breckenridge, by Swan Mountain Road and Hwy 9
  • Historic District – Near the main downtown core of Breckenridge with Victorian styled homes
  • Huron Heights – Tiers of roads with homes that are situated on Gibson Hill, fabulous ski area views
  • Jordan Camp – Close to the gondola, and in the heart of the downtown neighborhoods, north of Wellington Rd.
  • Juniata – Located high on Baldy mountain with airy views looking west to the Breckenridge Ski Resort
  • Lomax Estates – Near the Skyway Ski Way, which branches off of the 4 o’clock ski run and Ski Hill Road
  • Maggie Point – At the base of Peak 9 steps away from the Quiksilver chairlift and downtown
  • Main St. Station – On the south end of town that are ski in ski out via the Quiksilver chair lift
  • Mountain Thunder Lodge Condos – Near downtown and BreckConnect gondola
  • Muggins Gulch – Large lots in the Swan River Valley, off of Tiger Road, near the Colorado Trail
  • Park Forest Estates – Located off of Ski Hill Road, near the base of Peak 8
  • Park Place Condos – At the crossroads of Park and 4 O’clock Rd, across from the Riverwalk Center
  • Peak 7 – Oversize lots and a more natural setting with dirt roads to the north and west of downtown
  • Penn Lode (New Christie Heights) – Near the BreckConnect Shock HIll gondola stop, off of Ski Hill Road
  • Pineridge Condos – Located near the downtown area with the 4 o’clock ski run out the back door
  • Pines at 4 O’clock – On the north side of 4 o’clock run, near the base of Peak 8 off of Ski Hill Rd.
  • Quality Hill – On the north side of the French Creek Valley, close to the HIghlands neighborhood, ski area views
  • Quandary Village / Northstar Village – to the south of Breckenridge and north of Hoosier Pass
  • Ranch at Breckenridge – High mountain lots on Baldy, access from Sallie Barber Road
  • Riverpark – On the south end of Breckenridge, between the Blue River and Hwy 9
  • Rivershore – South of Breckenridge, near the Blue River, short drive to the downtown area of Breck
  • Rivers Edge – Between the river and the highway, on the south end of Breckenridge
  • Riverwood – Just off of Broken Lance Road, near the Warriors Mark neighborhood, south Breckenridge
  • Sawmill Creek Condos – At the junction of Ski Hill Road and Park Avenue, close to downtown
  • Shock Hill – Premium and luxury homes in the distinguished location with a gondola stop and xc trails
  • Silver Shekel – Three sets of tiered homes on the east side of Hwy 9, views of the ski area
  • Ski Hill Condos – The BreckConnect gondola and downtown are walkable, on the bus route
  • Ski Home – Located near the 4 o’clock ski run and the base of Peak 8
  • Snider Addition – Adjacent to the BreckConnect gondola, Main St. and French St.
  • Snowflake – Near the Sawmill Creek Reservoir and on the lower slopes of Peak 9, close to Snowflake chairlift
  • South of Downtown Breckenridge – Mixed lots and homes in Blue River and unincorporated Summit County
  • Southside Estates – On the left as you head south out of Breckenridge, in town designation
  • Spruce Valley Ranch – To the south and east of Breck, private owner access to the Goose Pasture Tarn
  • Stonehaven – Between the clubhouse and the second fairway at the Breckenridge Golf Course
  • Summit Estates – Large acreage lots with views of the Ten Mile Range, next to open space and national forest
  • Sunbeam Estates – Large lots, located to the east of Main St., and on the south end of the downtown area
  • Sunrise Point – Tremendous views of Peak 10, perched above the Warriors Mark neighborhood, south Breck
  • Swan River Ranch – Near the Hwy 9 and Tiger Rd intersection, close to the bike path and Colorado Trail
  • Ten Mile Vista – Located near the Breckenridge Golf Course, near Hwy9 and Tiger Road, mountain views
  • The Shores at the Highlands – West of Tiger Rd and Hwy 9, with some lots with the Blue River in the back yard
  • Timber Creek Estates – South of Breckenridge in Blue River, near local 14er, Mt. Quandary
  • Timber Trail – Luxury mountain homes near the base of Peak 8, some slope side commanding high prices
  • Trappers Glen – Near the slopes of Peak 9, off of Four O’clock Road
  • Tyra – On Four O’clock Road, near the base of Peak 9 and the historic downtown area of Breckenridge
  • Vista Point – Homes at the intersection of Wellington and French Creek, fabulous views of the ski area
  • Warriors Mark – South of the Breckenridge historic district, trails connect to the Breckenridge Ski Resort
  • Warriors Mark West – Homes higher up than the valley level lots, views of Peak 10, south Breckenridge
  • Warriors Preserve – Between Warriors Mark West and the original lower lots, on a steeper section
  • Waterhouse on Main – Near the Maggie Pond and Quiksilver chair lift, and walkable to downtown shops
  • Weisshorn – Walk to the gondola, walk downtown, walk to the grocery store, walk everywhere from this location
  • Wellington – To the west of downtown, a neighborhood popular with families and near the pump track
  • Western Sky Ranch – Tremendous views to the west of the Ten Mile Range, overlooking downtown Breck
  • Westridge – On the slopes of Peak 9, and close to the downtown area of shops and restaurants
  • Willow Run (The Highlands) – Found north of the eastern section at the Breckenridge Golf Course
  • Woodmoor – Stellar panoramic views of the Ten Mile Range to the Gore Range to the north

CLICK HERE TO SEARCH THE MLS

Short Term Rental Property Management in Breckenridge

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Short Term Rental Property Management in Breckenridge

Short Term Rental Property Management in Breckenridge

This blog post article is focused on Short Term Rental Property Management in Breckenridge. It will go over considerations and questions to ponder when deciding upon a vacation rental company to take care of your investment.

There are close to fifty property management companies near Breck in the Summit County area. Each one operates differently and there is no standard for operations. The author of this article, Stacy Sanchez, was originally introduced to the world of property management when a neighbor had a frozen pipe burst and then asked me to walk through his house on a regular basis to monitor the pipes.

I decided to do this as a favor at first, but then realized I had to dig out his walkway and maintain access to the home as well. When the weather was due to dip in the single or negative temperatures, I would put all the faucets on a steady drip, to maintain water flowing and to prevent pipes from freezing again.

After a few more friends asked me to do this, I became a trusted contact to walk through properties. After selling our retail business in 2015, we split and Dina became a realtor and I became a short term rental manager for a luxury property management company. After a couple of years there, I joined a company that focused solely on HOA duties, which did not offer interior management services, so as not to present a conflict of interest to owners. My final stint in STR (short term rental) management was with another high end management company that managed 80+ properties in Breckenridge.

I learned what best practices are being utilized as standards and what opportunities are being missed along the way. I can effectively analyze and help guide owners between the different companies in the area, and have even discovered a great set of questions that will help you figure out which may be the best fit for you, according to how they answer the questions. What are they? Here they are. This was taken from an article on VRM Intel.

Other good articles include:

13 QUESTIONS AN OWNER MIGHT ASK A PROSPECTIVE VACATION RENTAL MANAGEMENT COMPANY:

1. What will you do differently than others when it comes to marketing my property?

This is a chance to show owners how you differentiate your company. 

2. I see your commission is X%. What are the other fees I’ll incur, if any? What does your average owner end up paying per month when fees are added? How much are you going to get me for my property in a year?

If you (as on owner) ask for a commission rate and they (property management company) go lower, that’ a red flag! Giving a commission rate without seeing the property is another red flag.

3. Tell me how you handle (fill in the blank). Example, billing for changing a lightbulb, plumbing issue, shoveling snow.

Detailed questions are a way to understand what is important to owners. Their questions are how they learn about your company. Layout your baggage, and don’t sugar coat it.

4. Tell me about your employees. Are they located here in town? What are your hours?

Whom you deal with daily to manage your property does matter. Turn it into a strength and put it out there.

5. What do you take care of in-house, and what do you contract out?

Be prepared to explain how you handle housekeeping, maintenance, landscaping, and whether you use employees or contractors.

6. Do you inspect my home after every clean? What is done during the inspection?

This may be a question to answer with a question to understand their expectations like: Why is this important to you? What kinds of things are you thinking about regarding an inspection? Housekeeping is one thing, but a full-blown home inspection is another.

7. Why would a guest book with you versus another company or a private owner? What do you do that they don’t?

 This is where property managers can explain how they’re different. They should have a spark when they answer this one.

8. Do you know what your return guest percentage is and what would your goal be for my house in the first year and up to five years, and why it should matter to me as a property owner?

The answer is you care because those are return guests. That allows the management company to push rates up for your house, because there is less they have to fill.

9. How do you set rates and change rates based on market conditions?

When you ask this question, there should be a strategy revealed. If a company acts defensive, they are acting like they may not be flexible.  

10. What is your involvement in the local community?

It is important to be super involved, to be a leader, to know the regulators, and the town officials, and to understand how much influence you can have and how much you can change the course of your company and brand by being involved.

11. How do you get guests to book again?

When asked how I compare to a large company across many destinations and many states, I explain that a guest may book your house today, but the next time they book, that company may not care if they rebook, whereas a local company is trying to get them to come back at least to the destination again if not that same house.

12. What is your growth strategy? If so, what type of properties? If not, why not?

Are you associating with a large firm that wants to dominate the market? Or a smaller company with a personal touch? As for the type of properties, see if they can explain their brand, or are they taking all that comes?

13. How do you handle light night emergencies?

Do they leave a message? Is someone on call? Think about the guest experience. You want the guest to have an incredible time and come back to your house and back to this company, so that’s why you need to ask about the culture of the company and how it handles services.

Property managers beware: Once they have a management company in mind, Sarah encourages property owners listening to continue their vetting process by acting like a guest.

“Search them on Google. Do they come up on the first page? Go to their website and pretend you are a guest. Do they seem professional? Do they present properties beautifully? I think you should secretly call them, too. It doesn’t help to secret shop a little bit,” she says.