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Why You Should Buy a Vacation Home This Summer
The summer months are a time to relax, unwind and enjoy more quality time with your loved ones. While some of us may look forward to this season each year, it’s also important to start planning where you want to spend your vacations this year. If you’re considering a vacation home, here are a few reasons why it could be right for you.
A lot has changed in the last two years. You may be one of the many people who now work from home and have more freedom in where you reside. You may also be someone who postponed travel for personal or health reasons. If either is true for you, you may have a unique opportunity to use the freedom that comes with remote work or the money saved by not traveling to invest in your future by buying a vacation house.
Bankrate explains why a second home, or a vacation home, may be something worth considering:.
“For those who are able, buying a second home is suddenly more appealing, as remote working became the norm for many professionals during the pandemic. Why not work from the place where you like to vacation — the place where you want to live?
If you don’t work remotely, a vacation home could still be at the top of your wish list if you have a favorite getaway spot that you visit often. It beats staying in a tiny hotel room or worrying about rental rates each time you want to take a trip.”
So, if you’re searching for an oasis, you might be able to turn it into a second home rather than just a vacation getaway. If you can envision yourself soaking up the rays in a vacation house, you should start looking. Summer is a great season for purchasing vacation houses. You may get ahead of the competition by starting the procedure today.
Working with a local real estate expert who can help you find a property in your preferred location is the first step. A professional has the experience and resources to assist you understand the market, what properties are available and at what price points, and other important information. They may also go through all of the benefits of owning a second home and how it can benefit you.
According to a recent National Association of Realtors (NAR) article, the following are some of the top reasons buyers today are considering owning a second, or vacation, home:
“According to Google’s data, the top reasons that homeowners cited for purchasing a second home were to diversify their investments, earn money renting, and use as a vacation home.”
If any of the reasons covered here resonate with you, I would love to talk to you about how I can help you. I’m expert in this area, and I can give you expert advice based on what you need, your goals, and what you’re hoping to get out of your second home.
A vacation home purchase is an investment in your future and your lifestyle. By investing in real estate you are securing a physical asset that will likely appreciate over time, meaning that your vacation home can become a future source of passive income. What’s more, ownership can make you happy! So this summer, reach out to me to find out if now is the time for you to buy.
Source: Keeping Current Matters. “Why Summer Is a Great Time To Buy a Vacation Home.”May 26, 2022. Accessed May 31, 2022.https://www. keeping current matters.com /2022/05/26/why-summer-is-a-great-time-to-buy-a-vacation-home/
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