TIPS ON BUYING MOUNTAIN PROPERTY

Location

There are a few factors to keep in mind when thinking of purchasing mountain property:

• Direction the property is facing
• Degree of slope to the property
• Distance from I-70 or a major thoroughfare

These factors will help determine the mountain property's heating costs, rate of appreciation, accessibility in severe weather conditions, and travel time to employment.

Know the Facts

Fact finding is important. Here are a few questions you will want to ask about the prospective mountain property:

• Is there a survey?
• Is there power and phone on the property? Is it underground?
• If not, when will it be available?
• Will I have to pay an additional charge for power and phone?
• Are there covenants?

Title Issues

Knowing what easements cross another's mountain property, or are in favor of another across your property for access to his or her property, is critical. Encroachments can lead to future litigation and trouble selling your property down the road. Make sure you address any issues during the title review period of your contract. You may also purchase additional title coverage prior to closing.

Using an experienced mountain property real estate professional will help you evaluate and address these issues.

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