Archive for July, 2011
Vacation Homes Are Becoming A Reality For More Homeowners
Whether it’s a lakefront cottage or a log cabin in the woods, a vacation home often seems to be a dream that only the wealthy can afford. But these days, you don’t have to be a millionaire to own one.
A nationwide survey shows the median household income of second-home owners is $46,500. With today’s continued low interest rates, the tax advantages a second home can bring, and a wide selection of areas experiencing solid home price appreciation, this is an excellent time to consider purchasing a second home as an investment – and a great getaway place.
When searching for your second home, remember to investigate the area thoroughly. Ask a Realtor® and the local chamber of commerce to provide information packets, maps and brochures. Take time to visit the area several times – a few months prior to and during its peak season(s). Are the crowds unbearable Is the weather unpredictable
Tags: cabin in the woods, certified accountant, getaway place, home price appreciation, lakefront cottage, local realtor, low interest rates, median household income, owning a second home, retirement homeRelated posts
Vacation Homes – The Preludes To Retirement
Baby Boomers and vacation homes have discovered each other. The home-away-from home is now a reality for about three-fifths of those Americans born between 1946 and 1964, and while two-thirds of them actually take vacations in their vacation homes, the others use their vacation homes as income properties.
Vacation Homes As Retirement Homes
Tags: advent of the internet, disposable income, forty nights, preludes, reasonable access, resort areas, retirement baby boomers, sun belt, three fifths, vacation spotRelated posts