As summer approaches, I’ve received an increasing number of calls from people planning to visit Ruidoso over the next few weeks with thoughts of purchasing a “summer get-away”. In most, but not all cases, these folks are coming from somewhere in Texas and their primary goal is to purchase a second home that they can use in the summer to escape the heat. Most are not wanting to spend over $150,000, and many have a secondary goal of renting their property out on a nightly basis, to help recoup some of the expense. Most people are picturing a rustic but updated log cabin located on at least an acre with a creek running through it. Oops…we’re talking about $150K here, so lets get back to reality….
One of the questions I ask people in this situation is “are you willing to consider a condominium”. The reason I ask this, is that in this price range, you can often get a lot more “bang for your buck” with a condominium. Ruidoso has many nice condominium complexes… and a couple that are “not-so-nice”. Currently, there are 42 condos listed for under $150,000. Listing prices range from $59,900 for a 1 bdrm, 1 bth, 480 sq. ft. to $129,000 for a 2 bdrm, 1.5 bth, 1000 sq ft.
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