Some of us dream of buying a property in the mountains. We imagine waking up and looking out of the window to see trees and nature. Perhaps we want to live here permanently or make ourselves a vacation home. You can also build that retirement home that you’ve dreamed about in the Colorado Mountains.
The mountain lifestyle is peaceful and idyllic, but it doesn’t come without challenges. This article describes five things you should be aware of before buying mountains properties.
Can I Afford a Mountain Property?
I have some good news. Buying undeveloped land is often affordable and having a Colorado mountain property is a decent long-term investment. Prices aren’t as high as other States, which gives you the opportunity to snap something up without spending all of your savings or taking a loan.
1# How Far from Civilization Do You Want to Live?
Colorado is a huge State. You need to consider how far from the city or towns you actually want to live. If you want to be in a big city but within easy distance from the mountains then a place like The Burnsley might be good to consider. It’s also good to remember that you’re always going to have to travel to get your shopping and other services. And what do you do if your car breaks down? Some people like living in remote areas, others prefer being closer to a town. Think about this first before searching for property.
2# Hire a Rural Estate Agent:
Don’t hire the first agent that you meet. Buying a rural property is very different to buying a house in the city. You have a lot more challenges and considerations for a start. An agent who specializes in city property may not be able to provide the best service. You should also make sure that the agent is reputable and isn’t just incentivized by money. I used Spanish Peaks Land Company to help me buy my mountain property.
3# Can You Survive Being Off the Grid:
Power cuts are more common in rural areas. Can you survive without the Internet or TV? If this horrifies you, consider getting somewhere closer to Denver where the power will be more consistent. And you’re always going to need to make sure that you have a backup power supply, just in case. Mobile signals are also weaker in the mountains.
4# Can You Deal With a High Maintenance Property?
Rural properties need more maintenance. You may need to clear fallen trees. Rocks and debris can also fall from the mountains. You should also remember that during bad weather, roads may be blocked for several days in very rural areas.
5# Make Sure You Know Exactly What You Can and Cannot Do:
Don’t come up with all these plans and dreams before you look into the local restrictions. You can and cannot do certain things in certain places. It’s your responsibility to check this in advance.
The Takeaway Message:
If you’ve always dreamed of escaping and living in the mountains, now is a great time to do it. Before you commit, make sure you do your research and consider every possible factor. Once you’ve made a decision and if you don’t like it, it’s hard to go back.