Modern life comes with so many stresses, that it becomes essential to get away from it all and escape to a place where you can relax, rejuvenate, and collect yourself. This is the reason why having a vacation home has become a necessity for some rather than a luxury. If you’re wondering how to realize your dream of owning a vacation home in Park City, Utah, here are the steps you can take to make it happen.
GET PRE-APPROVED
A pre-approval lets you know how much house you can afford, putting you in a better position to buy. It makes you a more attractive home shopper in the eyes of sellers. Moreover, you’ll be able to act quickly when you spot your ideal vacation home and negotiate with confidence. It’s worth mentioning that many sellers are actively looking for pre-approved buyers, so you’ll get ahead of other buyers who don’t have their financing in order.
CHOOSE YOUR PARK CITY NEIGHBORHOOD
You want your vacation home to have easy access to your favorite activities and amenities. Here are the top communities for Park City, Utah vacation properties and what you can expect when you’re there.
- Old Town Park City – Main Street – Historic Old Town is popular for classic-styled properties. As the site for the Sundance Film Festival and other high-profile annual events, Old Town is one of the most happening places in Park City.
- Park City Mountain Resort Area is a great place for avid skiers due to the many ski-in/ski-out properties. Homes here are also a short distance from the lifts. The mountain location makes this a great community for those who want more privacy out of their “me time.”
- Deer Valley is the byword in Park City’s luxury vacation homes. The single-family homes, townhomes, and condos in Deer Valley are some of the most sought after in the market.
After choosing your location and property, write an offer that details the terms and conditions of your purchase. Once you and the seller have agreed on the terms, you’ve set the home-buying wheels in motion.
HAVE THE HOME PROFESSIONALLY INSPECTED AND APPRAISED
You have to make sure the home you intend to buy is everything the seller says it is, and priced according to market value. That’s why you should have the property appraised and inspected by certified professionals to protect your investment. If the appraisal and/or inspection uncovers any issues, you may be able to negotiate a lower price.
PLAN THE MANAGEMENT AND MAINTENANCE OF YOUR VACATION HOME
To make the most out of your investment, think about how you intend to use and take care of your vacation property. How often will you visit? Will you rent it out to tenants when it’s not in use? Who will manage it while you’re gone? How will you protect the home when it’s vacant? You need to take these questions into account before jumping in. Talk to a vacation home expert or real estate agent to ensure all your bases are covered.
Looking for the best places to live in Park City, Utah? Browse homes for sale in Park City then get in touch with Team Schlopy for more information. Call (435) 640-5660 or contact us here today.