One of the many reasons people purchase homes or condos in the Breckenridge real estate area is for investment reasons. Breckenridge is a high quality resort community with world class and national appeal. Below you will find two properties that were bought and sold as an investment. As you will see, one was long term, the other a short term buy.
The first investment property was a condo unit in the Creek Development. The unit was purchased in July of 2005 for $183,500 and sold less than a year later in April of 2006. In this short amount of time the value of the property appreciated by 25% ($46,500) and was eventually sold for $230,000.
The second investment property was a long term investment property that was a home located near Peak 8 ski lifts. The home was purchased in 1992 for $25,000. The Breckenridge homes is now valued at $1,623,327 netting an appreciation of $1, 598,327.
Obviously each investment property differs based on the type of property, location and amenities, however investment properties are a great way to diversify your investments and store value. Breckenridge, due to its popular resort location makes a great investment property for owners to rent to vacationers looking for great skiing during the winter and plenty of outdoor activities during the spring, summer and fall. If you are looking for a great way to invest in properties, check out Breckenridge.
Creek Condo, Unit W41
Actual Market Value as of 03/30/2006
Appreciation for the Period from 07/30/2005 to 03/30/2006