Keystone
Shared Ownership of Keystone CO Real Estate
By The Walsh Group

One way to get into a great piece of Keystone CO real estate for less than $300,000 is to share.  Shared ownership is one of the most cost-effective ways to own vacation property in Colorado.    If $300,000 is the budget allotted for a Keystone resort vacation home and a client wants more than a one-bedroom, one-bath condo, it is time to look at some of the wonderful Keystone resort properties available in quarter shares.

Many people who look for an otherworldly getaway in Keystone would like to have enough amenities to assure that their vacation experiences in Keystone, Colorado will be relaxing adventures for all of the family.  One way to improve the quality of the Keystone CO real estate that can be afforded is to purchase a share of a nicer Keystone CO property.  That portion of ownership, usually a quarter share, will up the square footage, number of bedrooms and bathrooms, and improve the family vacation experience.  

The Walsh Group of RE/MAX Properties of the Summit lists several shared-ownership properties in Keystone Resorts, Copper Mountain, and Breckenridge.  From the ski-in, ski-out condos in the prestigious Timbers and Eagles Nest to River Run Village’s creek-side condos and spectacular views at Mill Creek, there is a wide selection of two-, three- and four-bedroom condos available with the shared-ownership opportunity.  

For less than some people imagine is possible, shared ownership can offer a week each month in a prime ski resort and summer resort in the Centennial State for a second-home investment.  So, assume that owning four quarters of an upscale property would cost $1,200,000.  Using shared ownership to obtain this property for the typical thirteen weeks a year would cost $300,000.  The owner will be buying at least one week a month for the entire year, but arrangements can vary.  Some flexible schedules may include time slots that are surrendered for rental income.  In fact, investors have been known to buy two quarter-share interests in a property, keeping one for personal use and renting out the other quarter share for investment income.  Alternatively, some people own a quarter-share in each of two resorts, renting them out at times.  

Taking advantage of the wonderful winter and summer activities as an owner instead of a renter brings security in the knowledge that owners are more permanent residents.  As resort properties appreciate in value, these owners have flexibility no matter what their short-term or long-term plans may be.  There’s something comforting about knowing that, even in prime season, a family has a special place to go where the rates can vary but the owner’s rate stays steady.  Additionally, shared ownership is one of the best ways to get into the vacation-property market and to move into full ownership at a later date.   

Sound like a great way to enjoy the winter sports of downhill and cross country skiing, snow board riding, ice skating, snow shoe hiking and snowmobile riding and the wonderful summer festivals and activities of mountain biking, hiking, boating, and fishing from the comfort of home?