Buying a Steamboat Springs condominium as a primary or second home can be a great investment (unless you bought in 2007) and way to spend more time with friends and family in the mountains. Just remember if you purchase a Steamboat condominium or townhome, you are buying into a Common Interest Community and agree to live within the terms outlined in the CIC documents. These include the owners’ association declarations, bylaws, operating agreements, rules and regulations, minutes, and financial information for the condo/townhome development.
The CIC documents are different for each Steamboat development so read them carefully before you buy. Also, the amount of the HOA dues will vary based on: what the dues include, the age of the building, the amount in reserves, any upcoming assessments, etc.
Here are the Common Interest Community documents you’ll see when purchasing a condominium (or townhome or single family home that’s part of an association) in Steamboat:
- Subdivision Plat
- Property Deeds
- The Declaration of Covenants, Conditions, and Restrictions or CC&Rs
- Articles of Incorporation
- Rules and Regulations