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Recouping Purchase Price with the Right Ski Vacation Home

12/15/2015

There are few things more enjoyable than spending a day on the slopes and then returning to your own private vacation home. There, you have the opportunity to relax in front of a roaring fire, enjoy a hot meal, and unwind with a cocktail. Regardless if you ski, snowboard, tube, jet ski, or simply love the great outdoors high in the mountains, having a ski vacation home is a dream come true.

However, as a ski vacation home, you can expect the place to remain empty anywhere from four to six months out of the year. Even if you visit during the spring, summer, or fall, the home is not always utilized. The good news is that instead of paying a high mortgage all year round, you have the ability to recoup some of the money by renting it out when you and other family members aren’t using it.

Success Stories

Following are some real examples of ski vacation homes that owners rent during the off-peak season. Doing so means the mortgage is covered and the home available when you are ready to hit the slopes again.

  • Park City, Utah—When it comes to skiing and other outdoor activities in Utah, Park City is a hot spot. There, you can purchase a gorgeous duplex that boasts three bedrooms on each side in a location that is within walking distance to the town lift, as well as the downtown area and bus station, for a quick and easy ride to Olympic Park. At a purchase price of $1.6 million, this is a prime example of investing in a wonderful home that you can enjoy and also use to recoup some of the expense.

  • Wintergreen, Virginia—For a mere $183,000, you have the opportunity to purchase a wonderful, A-frame home that comes fully furnished and sits in the heart of the Wintergreen resort. This particular home boasts a stunning, all-stone fireplace, oversized deck with hot tub, and master bedroom with a spacious private balcony. By renting the home out when not in use, you could have it paid in full in just 10 years.

  • Big Sky, Montana—Considered affordable at $495,000, this mountain vacation condominium offers majestic views of Lone Peak. Included is a complimentary ski valet, heated outdoor swimming pool, and even nightly turn-down service, as well as room service, all while sleeping just 55 yards from the base chairlifts. With this being a popular area and the three-bedroom condo cozy yet spacious, you will have no problem finding renters.

  • Teton Village, Wyoming—The entire state of Wyoming is beautiful, which is one reason that so many people have interest in owning a ski home in Teton Village. For $920,000, you can buy a stunning, six-bedroom home. With so many rooms, you can rent to large groups of individuals or make this a place where executives get away from business responsibilities.

  • Telluride, Colorado—Although you have numerous options when it comes to buying a ski home in Colorado, Telluride remains one of the favorite locations. At a purchase price of $1.45 million, you can own a charming cottage that boasts wood beamed ceilings, a spiral staircase, and unbelievable mountain views. What makes this particular home unique is that in addition to renting the main home when not in use, there is a separate guesthouse.

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