Meeting the Needs of Local Workers and Vacationers with Rental Regulations
The search for affordable housing in mountain communities has long been challenging for local workers. In response to this issue, local authorities have implemented various restrictions on short-term rentals, such as limiting the number of rental nights and new licenses. If you’re considering investing in a vacation property and renting through a property manager, Airbnb, or VRBO when not in use, understanding these regulations is essential to offset investment expenses effectively.
Breckenridge: Balancing Local Needs and Visitor Experiences
Breckenridge, Colorado, offers an innovative solution designating specific zones for short-term rentals. You can determine if a property is within an approved rental zone by consulting the Breckenridge zoning map here. Remember that regulations and zoning can change, so staying up to date with the latest information is crucial.
License Limitations and Opportunities in Different Zones
The new zoning plan does not impact existing license holders. However, licenses could be forfeited if a property is sold or the owner opts not to maintain it. As a result, the number of permits in Zone 2 and 3 will gradually decrease to reach target levels/ Each zone has its waiting list for licenses, with the total number of tickets differing by location.
Focus your property search on these four zones: Resort Properties, West of Main Street (Zone 1), Downtown (Zone 2) and, Downtown (Zone 2). You can maximize your investment in Breckenridge’s vibrant mountain community by staying informed and adapting rental regulations.
Partnering with Local Experts for Success
Working with a local expert is invaluable to navigating the complexities of Breckenridge’s real estate market and making informed decisions. Jan Leopold will guide you through the intricacies of market and help you find the perfect property that aligns with your goals and preferences.
