As an entrepreneur and business owner, my property investment principle is simple – although perhaps not everybody agrees with me :) – Stay away from big cities!
It’s apparent that staying away from big cities to smaller cities nearby is in trend, for several reasons – to move out of big cities, to buy second home or to invest in property.
If you are interested in US properties, especially in skiing and resort area, one of the best real estates is in Breckenridge, Colorado.
Why Breckenridge?
Consider this feature – with the completion of the newest lift and lodging at the resort, Breckenridge will become even more popular and attract tourists and investors alike.
Just for info, the newest gondola has completed all connections for the four peaks that make up the ski area, spotlighting Breckenridge for its outstanding winter sports.
Real estate Breckenridge – prices is increasing steadily, with plenty of room to grow. Demand and population growth are high.
The high demand and population growth will only mean one thing – expect the property values to go up rapidly.
The above statement is backed with the following information (according to realestate.yahoo.com):
- The population of 2,731 with 13.5% annual growth
- The median age of 33 years old
- The median income of $48,715
- The population density of 552
From those statistics, Breckenridge shout ‘healthy growth and room to grow’.
In my opinion, the tipping point of Breckenridge property value is on November 9th, when the Breckenridge Ski Resort will be opening. At that point, you will see the property value in Breckenridge increase dramatically.
So I suggest you to consider investing in Breckenridge Colorado real estate earlier than that date.
If you are an entrepreneur keen in real estate business, consider Breckenridge, Colorado. Just make sure you choose the right real estate agent :)
Ivan Widjaya
Not investing in big cities
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Nice article, just bookmarked it for later reference.