Second homes in elite locationsJanuary 8, 2008
A second home in a hot location provides the buyer with a desirable vacation get-away, secured returns, tax benefits and incredible long-term investment potential. Yes, there are always going to be more people competing for the same sandy beaches or waterfront properties, but that means there will always be eager buyers and renters to support ongoing home price appreciation.
The most elite locations often draw huge numbers of out-of-town visitors each year. They come to enjoy a wide range of outdoor recreational activities in exquisite natural surroundings. Take a tip from international investors and buy your second home in a location that offers a warm, semi-tropical climate that permits year-round swimming, sailing, fishing and golfing. Popular destinations are usually located within a few hours drive of a major city or close to a major airport. It is not uncommon to see well-known celebrities enjoying tanning on the beach or dining at fine restaurants.
Beautiful weather, beautiful scenery and beautiful people create a winning combination for second-home investments.