Why You May Want To Consider a Vacation Home along the hammock coast of south carolina

​My husband just said to me the other day, “The stock market is volatile. Home equity is where it’s at. I am so glad we moved our money into real estate.”  Owning a vacation home can be an investment in your future and your lifestyle.

A recent article from the National Association of Realtors (NAR), mentions some of the top reasons buyers today are looking into purchasing a second, or a 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.”

So, Autumn is here. We can all agree, the summer was too short.  Over the coming months, it may be worthwhile to start thinking about your plans and where you want to spend your vacation next year. Perhaps you are someone who wants to spend a few months of the year working from a remote location. Options are available for you to work and rent your home out safely to others the rest of the year to help your investment pay for itself.

And if retirement planning is down the road, investing in a vacation home now could be right for you.

Why You May Want To Consider a Vacation Home Today: 

Over the past two years, a lot has changed. You may be one of many people who now work from home and have added flexibility in where you live. You may also be someone who delayed trips for personal or health reasons. If either is true for you, there could be a unique opportunity to use the flexibility that comes with remote work or the money saved while not traveling to invest in your future by buying a vacation home.

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 looking for an oasis, you may be able to make it a second home rather than just the destination for a trip. If you could see yourself soaking up the sun in a vacation home, you may want to start your search. Fall is a popular time to buy vacation homes. Older generation boomers that are selling their homes to go back to their families for the holidays are listing now.

By beginning the process with me now, you can get ahead of the competition.

A recent article from the National Association of Realtors (NAR), mentions some of the top reasons buyers today are looking into purchasing a second, or a 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.”

Are you ready? If any of the reasons covered here resonate with you, connect with me. If you would like to text instead of email, kindly add your phone number in the comments and I can get back to you right away!

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