Poconos Vacation Homes are in high demand and for good reason.
Vacationers often spend time peering into real estate agency windows when they are on vacation trying to get a feel for the market. Price, location and features are where the dream of owning their very own weekend escape start. A home away from home, somewhere they can totally relax and enjoy themselves, as opposed to renting someone else’s dream house.
Lakefront Chalet : Poconos Vacation Homes
These people like the idea of personalizing there vacation home, making it comfortable and not having the headache of packing for the vacation or getting it all into the car for the return trip. It is the peace of mind knowing, everything you need for your vacation is there from the moment you walk through the front door of your vacation home.
It is important however not to confuse a vacation home with an investment property. Investment properties are all about capital growth and the return on your investment. However, purchasing a vacation home is not just about dollars and cents; it is about leisure time, lifestyle choices and the family benefits a vacation home offers.
Area’s Winter Activities : Skiing in the Poconos
While vacation homes can also generate a rental income when you are not using them, you have to factor in, low occupancy rates in the off season and the fact your property will be in high demand during school break and holidays, a time when you would most likely want to use the vacation home yourself.
Vacation home buyers often make purchasing decisions based on emotions, they don’t buy in the highest capital growth area and they are not looking at tenancy rates or what tourism and industry support the local economy. They buy the home away from home because the concept of waking up each morning in a serein and peaceful environment free of all the hassles of everyday life is a dream we all share.
Vacation Home Dos and Don’ts
Summer is the season for vacation house purchases but before you take the plunge there are some important rules of thumb:
- Contain your search to properties within a three-hour drive.
- Ensure you can survive the lean periods. Don’t base your loan repayments on regular rental returns because there are sure to be quiet months (don’t worry, we can help you figure this out).
- Look for a property that’s in good shape. You don’t want to be spending a small fortune on repairs.
- Aim for a deposit of at least 20 per cent. It’s not essential to own another property before buying a vacation house, but it is crucial to have a meaty deposit.
- Choose a house with an ample kitchen.
- Speak to local agents and research online booking sites to get an idea of what you need.
- If you intent to rent the house when not being used by you or the family make sure the vacation house destination has a proven rental market.
Poconos Vacation Homes
Boating in the Poconos Anytime with a Vacation Home
If you love fishing, boating and water sports in the summer and/or skiing or snowboarding in the winter there’s good news because all are within a two hour drive from New York and are a great reason you should consider buying a vacation home in the Poconos.
Contact us today (call/text us at (570) 647-5832 -OR- email us here) and we will be more than happy to speak with you about the Poconos and how we can help you get the best real estate deals.
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