Buying a Home in Aspen

Engel Lansburgh Team  |  November 27, 2023

Buying a Home in Aspen

When it comes to buying a home in Aspen, Colorado, you're about to embark on an exciting journey in a place renowned for its stunning natural beauty, world-class skiing, and vibrant culture. The Engel Lansburgh Team, made up of seasoned real estate experts, is here to guide you through the process of finding your ideal Aspen property. With a wide range of options, from charming downtown condos to sprawling estates with breathtaking mountain views, Aspen has something to offer every homeowner. Here’s how to get started.

Determine Your Must-Haves

The first step in your journey toward buying a home in Aspen is to establish your must-haves. Aspen's real estate market caters to a diverse range of preferences, so knowing what is essential for you will help streamline your search. Here are some factors to consider:

Budget: Determine your budget early on. Aspen is known for its luxury properties, but there are also more affordable options available, so it's crucial to have a clear idea of what you're comfortable spending.

Property Type: Decide whether you're looking for a single-family home, a condominium, a townhouse, single family lot, or ranch property. Each type of property offers a unique lifestyle, so choose the one that best suits your needs.

Bedrooms and Size: How many bedrooms and how much square footage do you require? If you have a large family or plan to entertain guests frequently, you'll need more space.

Location: Consider what area of Aspen you prefer. Downtown living offers convenience and easy access to the town's amenities, while properties outside of town can provide more space, spectacular views, and larger lots.

Amenities: Are certain amenities, such as a pool, a hot tub, a home gym, or a large outdoor area, a must for you?

Condition: Decide if you're looking for a turnkey property or if you're open to a project that might need some renovation or updating.
By establishing your must-haves, you'll be better prepared to navigate the Aspen real estate market and focus your search on properties that align with your priorities.

Determine What You Are Willing to Give Up

Once you've identified your must-haves, it's equally important to consider what you're willing to compromise on. Aspen is a beautiful town with a variety of housing options, but you may need to make some trade-offs to find the perfect property. Here are some factors to consider when deciding what you can compromise on:

Location: If a prime downtown location is non-negotiable for you, be prepared for the higher price tags associated with these properties. On the other hand, if you're open to living outside of town, you'll likely get more space, better views, and larger lots for your money.

Amenities: While amenities can enhance your quality of life, be open to the possibility of a property without all the bells and whistles. Some aspects of a home can be added or upgraded over time, so don't rule out a property solely based on a lack of specific amenities.

Size: If you're seeking a larger home but are open to downsizing your space, you might find a gem with unique qualities that make up for a smaller size.

Condition: Consider whether you're willing to invest time and money into renovations. A property that needs a little work may offer substantial savings and the opportunity to customize it to your liking.

Budget: Flexibility in your budget may open doors to properties that initially seemed out of reach. Be open to adjusting your budget within reason, as it could lead to an exceptional find.

As you explore Aspen's real estate offerings, keeping an open mind and being adaptable to your preferences can help you discover a hidden gem that perfectly suits your needs and lifestyle.

Exploring Different Areas in Aspen

Aspen's real estate market offers a variety of locations, each with its own unique appeal. Depending on your preferences and lifestyle, you may gravitate towards the vibrant downtown area or opt for the serenity of the outskirts, east or west of town. Here are some key considerations for the two primary options:

Downtown Aspen

Properties located in or close to downtown Aspen offer a remarkable lifestyle. These homes are within walking distance of the town's renowned restaurants, boutiques, galleries, and cultural events. Additionally, downtown living means easy access to the ski slopes, making it a top choice for avid skiers and snowboarders.


  • Unparalleled walkability, with access to restaurants, shops, and cultural events.
  • Proximity to Aspen's renowned skiing and snowboarding destinations.
  • Vibrant social scene and cultural activities.


  • Higher property prices due to the prime location.
  • Limited space, with smaller lots and proximity to neighboring properties.

Outside of Town (East or West):

For those who crave more space, wide-open views, and larger lots, properties outside of downtown Aspen, particularly to the east or west, offer an attractive alternative. While it may require a short drive to reach town, the benefits of a quieter, more expansive setting can be well worth it.


  • More space, larger lots, and privacy.
  • Breathtaking mountain views and the opportunity to be closer to nature.
  • Potentially more affordable property options.


  • Less immediate access to downtown amenities and ski slopes.
  • Longer commute to town, which may not suit those who want a bustling, urban lifestyle.
Choosing between these two options depends on your personal preferences and lifestyle. The Engel Lansburgh Team can help you navigate the pros and cons of each location to find the perfect balance for your Aspen dream home.

Working with a Real Estate Agent in Aspen

When buying a home in Aspen, it's highly advisable to work with a knowledgeable real estate agent who understands the local market’s intricacies. The Engel Lansburgh Team specializes in Aspen real estate and can offer invaluable guidance throughout your home-buying journey. Here are some key benefits of working with a real estate agent (buyer’s agent):

Expertise: Real estate agents have in-depth knowledge of the local market, property values, and trends. They can provide insights into neighborhoods, property histories, and future developments.

Property Access: Real estate agents have access to listings that may not be publicly available. They can connect you with exclusive opportunities that match your criteria.

Negotiation Skills: Agents are skilled negotiators who can help you secure the best possible deal, whether you're buying your first home or a luxury estate.

Streamlined Process: Real estate agents can streamline the buying process by handling paperwork, negotiations, and coordinating with other professionals such as inspectors and lenders.

Local Insights: Agents can provide you with valuable information about the Aspen community, schools, local services, and more to help you make an informed decision.

Time and Energy Savings: By working with a real estate agent, you can save time and energy that would otherwise be spent on researching properties and handling the intricacies of the transaction.

Ready to buy your dream Aspen home?

Buying a home in Aspen is an exciting endeavor, offering a wealth of choices, from the heart of downtown to the peaceful outskirts. Determining your must-haves, what you're willing to compromise on, and the preferred location are essential steps in the process. Working with a trusted Aspen real estate agent like the Engel Lansburgh Team ensures that you have expert guidance and access to the best opportunities in this remarkable town.

The Engel Lansburgh Team is here to make your Aspen home-buying journey a seamless and successful experience. Contact us today to get started on the path to finding your dream home in Aspen.

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