Once a Victorian mining town, Aspen is a vibrant and healthy community renowned for its famed ski resorts. The abundance of art, dining, outdoor adventures, and nightlife guarantee you’ll never run out of things to do. The winter offers epic skiing across four mountains, while the summer brings concerts, hiking, food and wine festivals, and gorgeous blooms.
Finding the perfect home for you will take an effort in this city, where high prices and low vacancy rates dominate free-market real estate. There is high demand for single-family homes, condominiums, ranchettes, and other properties in Aspen city limits. Within the city limits, you’ll find a mixture of updated Victorian mining cabins, large estate homes, and penthouse suites downtown. Many choose to build houses outside the city limits, where larger parcels of land offer expansive mountain views and opportunities to build grand estates.
If this is your first home purchase, you may want something smaller, but if you’re married with children, you’ll want something more significant. Choosing a home with a family also requires careful attention to the location and school districts. If you’re in a retirement phase, a large parcel of land to build a home in a quiet area may be all you need. If you travel often or prefer luxury living, a downtown penthouse will be more your style. Create a list of factors that matter while doing your online home search so you can narrow your favorites down. Here are some factors to consider.
The home’s location
Buying a home in a good location gives you what you want and helps with the resale value. Consider the economic health of the area and the major amenities, including hospitals, parks, high-end shopping, dining, etc. These factors will help determine if it’s a desirable location and fits your preferences.
The size and layout of the home
You’ll also want to consider the number of bedrooms and bathrooms. Often buyers will have a preset number of bedrooms and bathrooms but don’t factor in the future. If you only need one bedroom now but plan to stay for five years minimum, consider an extra room for a home office, guest room, or child's room down the line. If you already have a large family and want everyone to have their own space, add another bedroom or two to the minimum so everyone has plenty of privacy. The same applies to bathrooms.
Sometimes, a bathroom will make or break a home for buyers. Many prefer having two full baths, including an ensuite to the primary bedroom. Those looking for more should consider a third full bath or even an additional half bath. In every situation, the size of the home and the number of rooms is essential.
The home’s features and amenities
That doesn’t mean you should turn down a home if it lacks everything desired. Remember, you can easily add or replace things later. Something to consider is making a list of the features you want in a home and dividing them between a “must have” and a “this would be nice” feature. Things that are deal breakers are those you simply cannot live without, such as storage or a large kitchen for your family. A finished basement may not be imperative initially because it can be finished later if desired. Think about what you want, and then search for it.
Are you ready to find your next Aspen home?
*Header photo courtesy of Shutterstock