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If you’ve been holding off purchasing real estate in one of the new projects going up on the slopes of the Steamboat Ski Area, look to Vail for investment reassurance.

Right now, Steamboat has two pre-construction ski-in, ski-out properties—Edgemont and One Steamboat Place.  There will be others, but with financing sketchy and the notoriously finicky Steamboat Planning Department, it could be a couple years before they get started.

Edgemont and One Steamboat Place are the only properties where you can buy new construction on the slopes.  Elkhorn Townhomes and The Antlers –the most recently completed ski-in, ski-out properties–will be over 7 years old when Edgemont and One Steamboat Place are completed.

Ski-in, Ski-out property is to skiers what beachfront property is to warm weather folks.  It’s all about location and scarcity, so they hold their price better than off slope properties.

Vail recently completed the Arrabelle at Vail Square in Lionshead.   Resales are now selling for double their original prices-in this current real estate environment. Buyers who purchased pre-construction units at the height of the real estate boom are now selling for double what they originally paid—during the slowest real estate market in decades.

That’s huge.

Another Vail project, the Chalets at the Lodge at Vail, are selling for about 50% more than pre-construction buyers originally paid.

New construction is different than buying resale properties.  You can’t see it.  You can’t walk through it.  You can’t see the view.  You are buying from a brochure.

As an investor, new construction has other advantages.  Once you decide to purchase and choose your unit, you put 20% down.  The remainder is not due until the project is finished, allowing time for the property to appreciate in price before you close on it.  Buying pre-construction can also get you benefits like pre-paid HOA dues.

There are plenty of reasons why new construction is the way to go.  Contact me for complete details on all the new properties-Edgemont, One Steamboat Place, Trailhead Lodge, Howelson Place, Aspenglow, The Olympian, and The Victorian-so you can decide what Steamboat development is right for you.