The area is both a summer oasis and winter adventure park, which makes it a lovely place to raise your kids or purchase a vacation home for future getaways. Many families are setting their sights on Colorado real estate, and Frisco is an important destination on the map.
Set at the base of Mt. Royal and the Tenmile Range, Frisco is where adventure goes local.
Are you looking to move to a beautiful local town tucked in the mountains? The Frisco real estate market is prime for full-time and second home owners to realize their mountain dreams.
Before starting the house hunt, we have a few tips to help you along the way.
Here Are 4 Tips to Buying Frisco Colorado Real Estate
1. Get to Know the Area
The best way to start becoming a local when searching for Frisco, Colorado real estate is to just be yourself and become part of the local culture. It is a small town, but the majority of people who live in Frisco are from somewhere else. Most people bond based on their love for the mountains and the idea of breaking free from the hustle and bustle of the city.
Frisco has many fun activities and things to do. It is considered the Main Street of the Rockies with a history museum, marina, historic park, an adventure park, and many year-round local events to enjoy.
Nearby mountains and lakes are waiting for you and your family to explore around every corner.
Having a home in Frisco means you can easily go skiing, fishing, hiking or mountain biking in Breckenridge, Keystone, of Copper Mountain for the day and be home by the fire at night. Adventure is available all 365 days of the year, you just have to step outside.
During the summer, the town is buzzing with people heading to fish, camp, hunt, or hike. Having home-base so close to the great outdoors means you can turn a lazy morning at home into an afternoon biking expedition.
Once things start to cool down, Frisco turns into a winter wonderland.
There is an abundance of world-class ski resorts within a 10 mile radius of Frisco. Whether you hop in the car for a 10 minute ride to Copper Mountain, or take advantage of the Summit Stage with free service to all the major ski areas, the slopes will definitely not disappoint. Don't forget to bring the little ones along, the area is chock full of activities like tubing, sleigh rides, and ski/snowboarding lessons.
If you are planning to become full-time residents, spending a little time in town before moving in can help the whole family adjust once your dream house is purchased.
It also makes house hunting in the Frisco, Colorado real estate market much easier.
2. Gather (and Budget) Funds
Purchasing a new home can often have more costs than one expects, especially if you are a first-time homeowner.
Most people only think about the down payment, which can be anywhere from 3% to 20% of the total home value.
If you are relocating from another city, you will incur the cost of a moving company. Are you prepared to pay for closing costs?
The more you save extra funds, the better prepared you will be to meet these needs. Excess costs when home buying can include anything from a security deposit and home inspection to title insurance and even application fees to get approved for your real estate purchase.
Start assessing what you already have and what you want to afford.
Good practices to achieve this include setting aside money for your mortgage before you actually have to pay for it. This gives you a better understanding of the dent your mortgage payment and other expenses can potentially make in your savings.
There are also new house calculators available online, made specifically to help get you moved into a piece of real estate in Frisco, Colorado. Plus, once you have all your finances in order, getting pre-approved for a mortgage will be much easier.
Don't forget to maintain an additional safe stash of money tucked away for unexpected payments on your home down the road. It is always a good idea to have something saved for an emergency repair or the urge to redecorate.
3. Do Not Overlook Fixer-Uppers
This is not something to take lightly in any market.
Fixer-uppers can go from drab to fab with just a few minor adjustments. Sometimes, they do take a little more work, but this makes moving in all the more worthwhile. It also allows you to add all the personal touches you'd like at a price you can't resist.
When you find the perfect price and take on the adventure of turning a house into a home, you will never want to leave!
After finishing renovations, you get a beautiful home you can call your own with a little more pride than usual. That is definitely worth the extra elbow grease.
4. Pick and Purchase
Frisco, Colorado is home to a wide range of home options.
Living with access to mountain adventures in your backyard ranges in prices as affordable as $350k and all the way up to over $10M.
Clearly, this means there is wide variety of properties to choose from before finding the new home that is waiting for you.
The best thing to do is to be patient. Take your time and ask your realtor to show you a few houses until you find the one you love. Can you already see yourself preparing to entertain visitors and the kids out playing in the hills?
At this point, you will have already prepared your finances, and you likely will start to gravitate towards certain parts of the county, too. The only thing left is packing up and moving in!
From Sold to Settled
Whether you are looking to purchase your a primary residence or second home, purchasing real estate is a big task to take on and an even bigger decision.
Getting a good feel for the area, preparing for extra expenses, and knowing when to go for the perfect house are each important factors to ensure a smooth purchase and move.
Eventually, it all comes together to find and settle on the perfect new home in Frisco for you and your family. Take the first step to moving in today. Contact us to talk about the exciting options awaiting you. We’re here to help you make the process easy, and confidently invest in this wonderful community.
By Coldwell Banker