Vacation home sales are up more than 57% year over year. So is now a good time to buy?
With the “multitude of options now” as far as remote work, there’s been a massive surge in vacation home and second home sales, Suburban Jungle Founder & President Alison Bernstein tells U.S. News & World Report.
How to Buy a Vacation Home?
Before diving in, it’s important to consider how and when you’ll use it. If you plan to rent out your vacation home out, is there a market for short- and long-term rentals in that particular area? Could this be a “forever” home someday? And what about the added cost, especially in a competitive market?
By understanding what goes into a vacation home and what life could look like once purchased, you’ll have a better sense of whether or not now is the time to buy.
Considering a first OR second home? Let’s talk! Schedule a Suburbs Strategy session now.
