Why Summer Is The Best Time to Buy a Vacation Home

Summer is something we look forward to all year long. It's a time for rest, relaxation, and quality time with our ohana. Now that summer is here, it's a great time to start considering your vacation plans and where you want to be. Here's some things to consider when deciding if a vacation home is right for you.

What You Need to Consider

A lot has happened in the past two years. You may even more flexibility in your schedule and where you live due to a mass shift in people working from home. You may have delayed trips and future plans for a plethora of reasons. If either rings true for you, you can take advantage of the unique opportunity presented to you - using that newfound flexibility that comes with working remotely and money saved to invest in you, and your family's, future by buying a vacation home.

Financial service company, Bankrate, has weighed in on why a vacation home is something worth considering:

“For those who are able, buying a second home is suddenly more appealing, as remote working became the norm for many professionals during the pandemic. Why not work from the place where you like to vacation — the place where you want to live?

If you don’t work remotely, a vacation home could still be at the top of your wish list if you have a favorite getaway spot that you visit often. It beats staying in a tiny hotel room or worrying about rental rates each time you want to take a trip.”

Professional Guidance

This tropical getaway can be made a second home rather than just a trip destination. If you can picture yourself having fun in the sun and unwinding in your vacation home, it's important to do your research. Summer is a very popular time to buy vacation homes, and by beginning the process now, you can stay a step ahead of the competition

Your first step is working with a local real estate advisor that can give you the lay of the land. A local expert has the knowledge and resources to help you understand market conditions. They can also walk you through all of the benefits of owning a second home.

Recently, the National Association of Realtors (NAR), have noted some of the number one reasons buyers today are investing in second, or vacation, homes:

“According to Google’s data, the top reasons that homeowners cited for purchasing a second home were to diversify their investments, earn money renting, and use as a vacation home.”

If any of this resonates with you, connect with us today! We can give you expert advice based on your personal needs and goals.

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