Are you considering a second home? Between beautiful scenery, world-class ski resorts, year-round outdoor activities, and international festivals, Park City, Utah offers the perks of resort living with the conveniences and opportunities that can only exist in a major city. Take a look at the benefits of owning a second home in the world-famous ski resort town.
Why Buy a Home in Park City, Utah
Park City real estate holds its value.
Since the 2008 housing market crash, home values have steadily risen at reasonable rates. Since Park City’s quality of life is unsurpassed, the real estate market is stronger than ever.
Make money when you’re not there.
Renting your second home out to others is a great way to make a few extra dollars. Whether you want to offer it up nightly or seasonally, there are several financial benefits to investing in a second property. Make sure to weigh taxes, real estate appreciation, and mortgage and maintenance costs. While the internet provides a handful of opportunities to rent your place at your own discretion, a property management company can handle that responsibility for you.
Benefit from the tax advantages.
Under current tax law, homeowners can write off up to $750,000 in mortgage interest. Plus, they can deduct up to $10,000 in property taxes.
Enjoy the quality of life.
What sets Park City apart is the high quality of life. Park City is home to 7,300 skiable acres, 300+ trails, 38 lifts, and 7 terrain parks. While Park City is one of the best ski resorts in America, it’s more than just a typical ski town. It’s also home to the world-renowned Sundance Film Festival, the Park City Kimball Arts Festival, and a handful of outdoor concerts with nationally-known performers.
Take advantage of convenience.
Salt Lake City International Airport is about a 45-minute drive from town. To accommodate growth, the Utah Department of Transportation is widening highways, resurfacing roads, and expanding traffic circles.
A Park City Development
If you feel inspired to buy a second home in Park City, please contact our Realtors Marcie Davis at (435) 602-9577 or [email protected] or Carolyn Triptow at (801) 560-5295 or [email protected] Residents celebrate the sublime views, easy access to world-class ski resorts, and year-round recreational and cultural opportunities. Indulge in the lifestyle of a uniquely stunning home with plenty of space for you and your loved ones to relax and explore. All of Park City properties take advantage of extraordinary views of the Wasatch Mountain peaks and the Jordanelle Reservoir’s glistening water.