If you are planning to purchase a single family home in the Deer Valley Resort area and want to place in a rental pool, then you need to be careful as to which subdivision you buy your home.  Recently, I was at a realtor’s open house day and visited a home that was just re-listed to sell.  The owners had placed their Deer Valley home in a rental pool but the neighborhood CC&Rs didn’t allow it so one of the neighbors threatened to sue.  You certainly don’t want that to happen.

The overall Deer Valley area allows for nightly rentals but various subdivisions within Deer Valley may not allow it or restrict how long and how often you may place it in a rental pool.  It is wise to do your due diligence and read the CC&Rs for the subdivision you are interested in buying a Deer Valley home carefully to make sure it’s okay and will work for you.  Some may even restrict it to one rental per 30 day period of time. 

I’ve talked to some of the property management companies and they said their is a growing demand for Deer Valley single family homes to be placed in a nightly rental pool.   It may be a very wise decision since HOA fees aren’t so high and demand is growing.  They’ve also mentioned to me the condition of the property is also important since people who stay in Deer Valley have a higher level of expectations.

As a buyer’s agent,  I’m very careful to get my clients all the information they need to make a wise business decision on their property purchase in the Park City area.   I’d rather them not make a purchase than make a purchase they will later regret.

Visit my Deer Valley Real Estate page to see all current Deer Valley Listings for sale.

Please Call Julie Olsen at 435-513-2848 or email her at julie@BestSkiProperty.com so she can help you on your search to buy property in the Deer Valley or Park City area.