Why Buying a Condo in a Ski Resort Can Be a Great Investment

The decision to invest in vacation real estate can be one with risk, but if you’re ready to take this type of step into the holiday home market, you might be wondering where to begin. While upcoming neighborhoods and growing towns may always be a place where investment is a viable idea, here are some reasons it might be time to consider a resort condo…especially in a ski area.

A Reliable Influx of Visitors
The great thing about having a condo in a resort destination is that, no matter the weather, people will be getting away in the summer and the winter for some vacation relaxation. While you’ll certainly notice a more significant influx of visitors to a ski resort when winter rolls around, there will still be heavy crowds for the summer months when people want to escape from the city.

Renting a condo in a resort can seem like a risk in the off-season, but there are many months out of the year that you can garner a cash flow that will make up the difference.

Maximizing Your Ski Resort Rental Earnings
An investment property in a trendy neighborhood or a tourist destination will probably always be a popular renter’s area, but being a landlord for a resort property can have its own special perks. With the high season comes the push and pull of supply and demand, and this means you’ll be in a position to offer your property at a competitive rate.

By keeping your rent reasonable but respectable, you should be able to quickly make up for the cost of initial investment.

It’s An Extra Vacation Property
While this might not work for the investment angle, having a condo at a popular resort may help with the cost savings that can come from not spending money at vacation time. Instead of going to other resorts and splurging on expensive hotel rooms, a resort condo property will mean that you can save on accommodation and still enjoy a relaxing holiday with your family and friends. If your vacation happens to occur during the resort’s downtime, it’s even better since you won’t miss out on improved rental earnings.

While investing in real estate is not risk-proof, buying into a resort condo can be a great way to enjoy a vacation home and still make money in the high season at the same time.

Learn more about buying a ski resort property in the Whistler real estate market from Scott W Todd.