Resort and Second Home
Most Americans say they dream of owning a vacation home, according to a new realtor.com® survey, and many hope it’s near a beach. But beachside property often comes with a hefty price tag.Realtor.com® found pockets across the country offering bargains on the beach in its list of America’s 10 most affordable beach towns, which analyzes median list prices for single-family homes and condos in coastal...
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The Center for REALTOR® Development, in partnership with NAR REALTOR Benefits®, offers you a 10% discount on the online Resort & Second-Home Property Specialist (RSPS) certification course. Discount/Offer Code: RSPSNOW. Code must be applied at the time of purchase.Get the offerThrough the Resort & Second-Home Property Specialist (RSPR) certification course, you will gain knowledge of the...
Vacation homes have proven to be profitable for real estate investors, and owning a short-term rental near a beach may offer the best prospects. Vacasa, a vacation rental management platform, recently unveiled its annual list of the top places to buy a vacation home, based on capitalization rate or the rate of return on investment.Lake Anna, Va., held on to the top spot on the 2023 rankings as the best...
Real estate professionals who want to invest in a second home, or help their clients do so, need to know how their target market works year-round—not just when the property will be used. That tip came directly from a Florida real estate broker who spoke at the National Association of REALTORS®’ Real Estate Investment Summit about his experience working in a global hot spot for investment...
©Werner StraubeThree Key Takeaways:Generally, vacation homes differ from primary residences in one major way: they usually stay vacant for long periods. Not being on the premises regularly can lead to serious problems if preventive measures aren’t in place. Even when homeowners prepare, things happen. Plumbing components go bad. A bad storm causes damage. The fridge dies. Crackers left in cabinets cause...
© Maskot - Getty ImagesDemand for short-term rentals has surged since the start of the pandemic, and beachfront properties offer a special allure and can create a steady income stream for owners. Properties along the Atlantic Ocean and Gulf Coast may offer the best opportunities for investors this year, according to Vacasa, a vacation rental management platform.The town of Lake Anna, Va.—which has a...
© Westend61 - / Getty ImagesThe U.S. luxury real estate market is getting a significant boost from an increasing number of wealthy individuals who are showing a deep appreciation for owning multiple homes. The world’s affluent population—those with a net worth of more than $5 million—grew by nearly 20% in 2021, according to The Report: 2022 Global Luxury Market Insights, produced by Coldwell Banker...
© Jeremy Poland / Getty ImagesWho doesn’t dream of owning a beachfront property or a home nestled in the mountains? For many would-be vacation home buyers, though, that dream is out of reach. That’s why some real estate pros are pitching an alternative: co-ownership. By purchasing just a one-eighth or a one-quarter equity share of a home, buyers can lessen their costs and split ownership...