Top Benefits of Investing in a Vacation Home
In today’s world, there are many ways to make an extra buck, but hardly any of those options offer you a vacation anytime you want. Oh, all the hotels are booked? Not a problem. When you invest in a vacation home, you have the power of setting the day and time of your getaway, all while turning a huge profit. Here are a few reasons we believe owning a vacation home may be in your best interest:
1. Great way to spend time with the family
Rather than booking a hotel and getting lost amongst the hustle and bustle of other guests, a vacation home allows for you and your family to all gather under one roof. No matter if you’re hosting for four people or 10 people, homes allow for you to accommodate more numbers in a more personable, and intimate way. Who needs a hotel breakfast when your kitchen smells of bacon, pancakes, and fresh brewed coffee? And what about watching sports? It’d be way more enjoyable to watch a game on the big screen in the comfort of your own home, than from the stiff armchair in your hotel room.
2. See a high return on investment
As mentioned before, there are numerous ways to establish wealth these days, like investing in stocks, bonds, or mutual funds. However, by investing in real estate, not only do you have direct control over your own asset, but if you choose to invest in a vacation home, you have a guaranteed getaway all year ‘round. At Cinnamon Shore, we have quite a few homeowners who are seeing an incredible return on their homes. For example, we had a past homeowner purchase a home in 2009 for $420,000 and last September, they sold it for $725,000! That’s over $300,000 in profit! By using this reliable income, homeowners are able to take care of their mortgage while also achieving other financial goals.
3. Be a part of a community
Depending on where you decide to buy, a vacation home can be a place of community. For example, at Cinnamon Shore we are all about cultivating relationships and traditions. We’ve built a close knit community where neighbors are treated like family. With activities like yoga on the beach, surf lessons, kids camp, and live music nights, homeowners are regularly given opportunities in which they can spend time with loved ones and build lifelong friendships with others living in Cinnamon Shore. When walking the streets of our community, it’s a common sight to see fellow neighbors waving to each other as they pass along on their buggy. Our residents have grown very close over the years and we always get excited when we see new faces at The Shore.
If you’re ready to start seeing the benefits of owning a vacation home, then we have properties for you. Not only do we have several beachside sites available, but we are currently in the process of building out two new town centers that will be complete this summer. Making a long-term investment is a major decision. When working with buyers, we’ve noticed that the families that have the most to gain are the ones who buy a lot and carefully design their home from the ground up. Many times, we help guide buyers through the design process to ensure they are including the necessary features to attract guests to their home. To schedule a tour, talk with a real estate team, or gather more info on our available properties, give us a call at (361) 749-1851.
For those who already own a vacation home, be sure and check out our blog "10 Features your Vacation Rental Needs," to learn how you can attract more guests to your home and see a higher rental income.
Published on Tuesday, January 16, 2018