Great Time To Purchase A Vacation Home
What a great time to buy the vacation home! You have always dreamed of owning your own cabin in the mountains or an oceanfront home or condo. Well now is the time to invest in this once in a lifetime opportunity. According to the National Association of Realtors the housing market may be already starting a rebound as contracts written in August jumped and home sales are up in popular vacation spots such as Florida and Arizona.
Why Buy A Vacation Home Now?
Prices are very attractive right now; you have an opportunity to make a nice profit when the market rebounds and it always does; there is a wide assortment of homes to choose from in many areas; interest rates remain low; your income generated by your rental can pay your mortgage. You only need to rent it for less than half the year to pay your mortgage in most cases. Enjoy it yourself the balance of the year! The rental market remains strong for vacation rentals, even in this economy due to availability of homes on websites such as VRBO or Homeaway. Vacation homes are typically more affordable to rent than some hotels; vacationers can take a road trip instead of flying to a near by mountain cabin or oceanfront condo; and executives and their guests would much prefer a vacation home over a much less comfortable hotel room. The best floor plans, the best construction and the best prices now offered on Luxury Townhomes | The Townes at Carleton Place Wilmington NC | starting at $179,900!
Filed under: Vacation homes Wilmington NC Tagged: | wilmington nc real estate, economy wilmington nc, wilm, ilm, wilmington vacation homes, beach vacation homes, wilmington nc homes, investments, 1031 tax exchange