Best Time For Vacation HomesOctober 17, 2011
All the experts are saying that we will never see a home buying opportunity like this again in our lifetime. So if you have always wanted that dream vacation home near the water, there couldn’t be a better time to buy. The second home market is a buyer’s dream right now, with affordable prices and interest rates at their lowest point in fifty years!
With a full inventory of homes on the market, a buyer can take the time to decide on the right home, have it inspected, and negotiate an excellent price.
Vacation home rentals are also getting more popular these days. People love that “home away from home” feeling. Renting your vacation home when you’re not using it can pay for itself over time. According to HomeAway.com, twelve weeks of renting your home at peak season can cover your mortgage for the year.
There are only so many stunning waterfront views to go around, so homes in high demand resort areas will always hold the best long-term investment value. If you have ever wanted to own that vacation getaway, now is the time to take the leap.