How to increase your credit score to purchase your Canyons Village dream home

With the influx of new construction throughout Canyons Village and the surrounding area, the real estate market is ripe, hot, and booming. Whether you are interested in buying a ski property, or, relocating full-time, check out these tips and tricks that may be helpful when buying real estate in Canyons Village. 

 

First and foremost, it is important to familiarize yourself with ski-related real estate lingo. As you browse new homes and construction, take note of how the various neighborhoods are categorized.

 

Helpful reminder: Anything above Red Pine Road is referred to as the “Resort Core,” and Apex, Lift, Pendry, Frostwood Villas, and Waldorf Astoria are to the right of the roundabout. Anything below Red Pine Road is commonly referred to as “Lower Village.” 

 

Tip: Identify your price point, then decide on the area. Canyons Village offers a diverse array of real estate. Condos located in or around Red Pine Road are among the most affordable in the area. Condos and homes located in the resort core are the most expensive because of the easy ski-in-ski-out access. 

 

Additionally, it is important to be aware of infrastructure improvements, as well as, roadways and enhancements under construction. Something to be aware of: The Sunrise Lift will be extended down towards Pendry and up along the mountain. The roads in this area are currently being reorganized to provide easy access for driving and skiing. 

 

Tip: Build a home-buying budget that accounts for additional fees. Canyons Village charges a transfer fee that is used to make investments in public services, amenities, maintenance, and transportation. There is a 2% CVMA transfer fee collected on nearly all homes within the Canyons area, with the exception of some homes located in the neighborhoods of Sundial, Grand Summit, Red Pine, Hidden Creek, and Colony.

 

Did you know? Vail Resorts now owns Canyons Village and Park City Mountain Resort. The company has spent over $50,000,000 to improve the skiing experience at both locations and has connected the two via interconnected gondolas. 

 

All the new development has greatly influenced the Park City real estate market, creating advantageous opportunities for current homeowners and new homebuyers in the area.

 

What goes into home pricing throughout the area? Pricing is determined by a variety of factors and includes, but is not limited to proximity to skiing, views, scenery, size, age, amenities, and overall quality.

 

Something to keep in mind: Amenities or no amenities? With the influx of new development, Canyons Village neighborhoods have begun to be ranked and organized by the number of amenities offered in the area. For example, Pendry will offer the most amenities, while The Ridge at Canyons Village offers less, which is accompanied by a lower homeowners association fee.