If you’re a skier and also a fan of scrolling through Zillow, there’s a chance you’re blown away by the prices of many ski mansions. But you will also see real estate properties in ski towns that are in the low six figures, and even in the five figures. What’s up with that?
YouTuber Chris Arslan Productions broke down the catches that come with these seemingly amazing home deals. He analyzes the ski real estate market, the added costs with condominiums, and when these properties are worth buying.
Deal or No Deal?
Many ski towns have affordable homes, but they tend to be condominiums.
These tend to be in older facilities with hefty HOA fees. While the fees are intended to keep the buildings in decent shape, it doesn’t mean that there aren’t risks involved. With these older buildings also come the risks of maintenance issues.
Then there’s the demand issue. These are popular in the winter, but tend to be less occupied in the summer. For those who convert it into an Airbnb part of the time, earning revenue is difficult during the warmer months. This is unless there are enough attractions in the area, such as in mountain towns like Lincoln (NH) or Jackson (WY).
There are good deals out there for those that are savvy enough. This route is most advisable for those who ski a lot, enjoy shredding at underrated mountains, and there’s the potential for the ski resort and community to grow.
In conclusion, you should have bought a ski home near Saddleback Mountain in Maine or West Virginia’s Timberline Mountain in 2019. No, I don’t have a time machine.
Image/Video Credits: Chris Arslan Productions
