Not sure if it’s a good time to buy a vacation home? According to the National Association of Realtors the inventory of vacation homes has gone up 10% in 2013. That means there are more homes on the market to choose from than previous years. The typical buyer is around 45 with a median income of $92,000. They are usually buying about 435 miles away from their primary residence.
A vacation home is a great investment, it gives you a place to go & relax out of your everyday setting and you can build equity while enjoying it. Vacation homes also make great retirement places. Over time you build relations with the other owners around you and soon it’s been 20 years and you are a close knit circle of friends. Vacation home are also a good source of income. Many owners use a service like HomeAway & Flipkey to rent out their homes a week or month at a time.
It’s a great time to start looking for a vacation home.