Archive for June, 2011
Can A Log Cabin or Mountain Vacation Home Pay For Itself?
When the real estate market was thriving, vacation homes were a luxury that only those with expendable income could dream of owning. Today’s market sets a different tone for vacation homes and second homes with a country wide rise in affordable properties and some of the lowest interest rates in centuries. While vacation homes of years past may not have been able to pay for themselves, is it possible for today’s vacation home to pay for itself?
When vacation homes were more of a luxury and finding affordable log cabin foreclosures was like searching for lost treasure, the idea of renting out a property for a few weeks a year to counter expenses and taxes often left owners falling short. However the market is flooded with mountain vacation homes for sale and log cabin foreclosures galore. The log cabins and mountain vacation properties available now have a greater chance of producing a positive cash flow if the buyer is diligent in making sure it does just that.
Tags: expendable income, fall foliage, log cabin, log cabins, minimal expense, money saver, mountain vacation, positive cash flow, s market, vacation homeRelated posts