Time to Buy a Vacation Home

With the air getting warmer, the sun shining brighter, and our itch to travel getting harder and harder to ignore, maybe it's time to start thinking about turning your dream of having a vacation home into a reality. The reasons for pursuing a vacation home vary from recreation to investments to retirement plans, but all are valid enough to start the search for what could be your next great purchase. According to Redfin, the demand for vacation homes dropped rapidly for the second month in a row in March 2022, compared to the demand throughout the pandemic. This drop has created less competition, lower prices, and more variety in the choices of homes. Summer is a popular time to buy vacation homes, so it's not too late to start the buying journey with Emerald Isle Realty.

Why Buy?

There are many benefits to buying a vacation home just in time for a summer vacation. One of the main appeals is the ability to take personal getaways as frequently as you'd like in the places you adore the most. Enjoy the freedom to make spontaneous decisions on a weekend getaway at your favorite beach for a bit of rest and recuperation.

For those who transitioned to a work-from-home setting over the past few years, buying a vacation home gives you the flexibility to work wherever you desire while saving money on rentals, hotels, and travel. Why not work from home with paradise right outside your window? For those not working from home, adding a vacation home to the mix allows you to leave after work and head out to your own home-away-from-home on weekends and spend the time away, decompressing from a long week.

From an investment standpoint, purchasing a vacation home can diversify your income if you use the space as a rental unit. When you buy a home and rent it out, you create an additional revenue stream to help pay the bills. The investment in a rental home also provides the ability to build equity and offset any fees from mortgages, taxes, and maintenance costs.

Planning your vacation home in advance can also benefit you once you reach retirement age. A vacation home opens many opportunities during retirement. You can decide where you want to retire while also having the luxury of smaller mortgage payments or even none after many years of owning or renting the property.

Take the Leap!

Now's the time to find a local real estate advisor to help you find the vacation home that meets your needs in Emerald Isle. Whether you dream of paradise or profit, owning a vacation home is an investment in your future and lifestyle.

Here at Emerald Isle Realty, our staff of knowledgeable and experienced five-star service REALTORs® can guide you through the vacation home buying process. Interested in learning more about our team of qualified real estate experts? Our top-performing agents at Emerald Isle Realty are available to answer any questions you may have – please give us a call at (800) 304-4060 for assistance in the buying/selling process!