Vacation Home Investments
March 1, 2011Vacation homes make excellent investment properties. Beautiful locations never stop being beautiful, and there are only so many of them to go around. These days, low interest rates, large inventories and affordable prices have created the best climate for 2nd home investment in years.
In today’s buyer’s market, you can buy a property for a great price, but you should plan to keep it for awhile. The good news is that your vacation home can often pay for itself and even earn profit from renting it out. Vacation rentals are becoming very popular with families due to their “home away from home” appeal, and the internet has made advertising your rental property easier.
Industry experts are saying that we are getting close to the bottom of the price curve and can expect to see a gradual increase in 2011. So if you are thinking about investing in a 2nd home for family vacations and as a rental property, it’s time to take the plunge and make the most of this perfect buyer’s climate.
For professional advice on all aspects of buying or selling real estate, please contact me at aross@miamirealestate.com or 305-960-2575, or come by the office at 355 Alhambra Circle, 9th Floor, in Coral Gables.
