The dollar is in a freefall, and prices on many commodities are rising drastically. The question as to whether we're in a "recession", or not, is in the news nearly every day. Vacation home prices have fallen marginally in most areas (in comparison to their gains over the last 5 years), but only a few isolated hotspots have experienced drastic reductions in the second home market, mainly in the western states and much of Florida.
Articles About Vacation Homes
Buying a second home usually means a vacation home. At one time, most people considered this a luxury. It's much more than that. It can also be an excellent investment.
Rent-by Owner guru, Christine Hrib Karpinski: The key to affording that vacation house, cabin, or condo is cutting out the property management company “middleman.” Learn everything you need to know to successfully rent by owner.
The best way to turn your vacation home plans into reality is to get off on the right foot. There are literally hundreds of factors that can affect the value of any given lot, but what's most important is what is valuable to you.
Christine Hrib Karpinski offers a wealth of advice for keeping your cabin, condo or cottage booked all year round.
Unlike the explorers of old, we have many new innovations and technological advances they not only make this type of exploration possible, but comfortable and enjoyable enough to become addictive.
The toughest part about buying any home is coming up with the escrow money, or deposit. The most common method of buying a vacation home is using the equity in your primary home. But what if you live in an apartment? Or, you've only owned your primary home for a few years?
Watch the inventory levels and home prices closely in the area where you'd like to buy a vacation home. Once you notice a dropoff in available properties, and stabilizing of prices, or even a slight increase, it may be the best time to buy.