Looking for a bargain resort home? Aspen may not be easy to find something affordable in, much less a sweet deal but there may still be a path for the non-millionaire to this sought after real estate market. Although most home prices are the highest in the country, you can get a steal of a deal (at least in relative terms) on a home in or near this beautiful mountain town. Although the prices are not very low, the quality of life is quite high. Aspen is known for its world-class skiing and snowboarding, as well as its stunning scenery. If you’re looking for a place to call home in the mountains, Aspen is definitely worth checking out, but let’s face it. There aren’t that many truly cheap homes in Aspen. The least expensive home currently on the market in Aspen is a one-bedroom, one-bathroom condo listed at $855,000. This likely will have already changed by time you read this but there’s the general idea of the low-end aspen home pricing. It’s a highly competitive market in Aspen. This unit is just over 600 square feet.
Thinking About Renting Out Part-Time In Aspen?
Aspen city council is pressing toward further limiting short-term rentals. It’s hard to say whether this unit would be rentable if you intend to use it part-time only. If you’re looking for something a little bigger, there are a few two-bedroom homes on the market for around $950,000. These are still pretty small by Aspen standards but they offer a little more space and could be a better fit if you plan to use your home as a primary residence or want to rent it out long-term. The most expensive home currently on the market in Aspen is a ten-bedroom estate listed at $55 million. This massive home spans over 22,000 square feet. If you have the budget for it, this is definitely the Aspen dream home! But don’t worry, there are still plenty of cheaper homes in Aspen to choose from. You can find a three-bedroom home for around $12 million or a four-bedroom home for around $15 million.
When it comes to mountain living, Aspen is hard to beat. The town has world-class skiing and snowboarding, stunning scenery, and a vibrant nightlife scene. Ski resort communities like Telluride and Vail are attractive but Aspen seems to have the highest level of attraction to home buyers. And while the prices of homes in Aspen are on the higher end, there are still plenty of deals to be had. As previously pointed out, the lowest-priced unit is just over 600 square feet, so it’s perfect for those looking for a mountain getaway or a primary residence. If you’re looking for something a little bigger, there are a few more choices for around the $1M level.
It isn’t so easy to find the cheapest homes in Aspen. Prices have been rising steadily over the past few years, and there’s not a lot of inventory. However, if you’re willing to put in the work, you can definitely find a decent deal on a home in or at least near Aspen. Here are a few tips:
-Check out foreclosures: Foreclosures are always a great option when you’re looking for a bargain. You can often find homes in Aspen for much below market value.
-Look for fixer-uppers: If you’re handy and don’t mind doing some work, you can find some great deals on homes that need a little TLC.
-Work with a real estate agent: A good real estate agent will know all the ins and outs of the Aspen market and can help you find a great deal on a home.
Best to check out Snowmass Village for a home First
If you’re looking for a place to call home in Colorado, you would be wise to check out Snowmass Village first. The lowest-priced condos are around $100,000 less than Aspen. Snowmass Village offers nearly all of the advantages of living in Aspen, but without the drawbacks. For starters, Snowmass Village is far less crowded than Aspen. This means that you’ll have more space to yourself and won’t have to deal with the noise and hustle and bustle of a busy city. In addition, Snowmass Village is located in a beautiful setting at the base of a mountain. This offers stunning views and access to all sorts of outdoor activities. And, last but not least, Snowmass Village is far more affordable than Aspen. So if you’re looking for a great place to call home in Colorado, be sure to check out Snowmass Village first. You just might find something a little closer to your budget.
Patience and A Local Advocate
It’s no secret that Aspen Colorado homes are some of the most expensive in the United States. But why is that? There are a number of factors that contribute to the high cost of living in Aspen. First, the town is located in a beautiful and convenient setting. Surrounded by mountains, forests, and valleys, Aspen is truly a nature lover’s paradise. In addition, the town is home to a number of world-class ski resorts, making it a popular destination for winter sports enthusiasts. But perhaps the biggest factor driving up the cost of living in Aspen is the town’s limited supply of housing. With so many people wanting to live in such a beautiful and desirable location, competition for available homes is fierce, driving up prices. So if you’re wondering why Aspen Colorado homes are so expensive, there is always someone willing to pay more for the right property. Perhaps your best course is to choose a really good local agent who is willing to keep on the lookout for you, long term, to find that perfect Aspen real estate deal.