7 Best Places To Buy A Vacation Home
The Poconos of Pennsylvania!
7 Best Places to Buy a #Vacation Home
Okay, folks in Metro and Greater New York, My New Jersey Friends, and Philadelphia neighbors.....it's time to make your move on your vacation home....The Poconos are an easy drive from where you are! Come to the mountains...enjoy our lakes and country fresh air! Check out The Hideout!
DAILY REAL ESTATE NEWS | FRIDAY, AUGUST 09, 2013
Many buyers are still seeing plenty of opportunities with buying a vacation home, says Tom Gilmore, chief executive and founder of VacationHomeRentals.com. The home can even turn into a money-maker for those who choose to rent them out.
Twenty-three percent of buyers said they plan to rent out their recently purchased second home, according to a National Association of REALTORS® survey on the second home and vacation home market.
MarketWatch reports that the following are some of the best vacation home hot-spots, based on the potential return from renting, provided by VacationHomeRentals.com.
1. Kissimmee, Fla.
Average rents (from VacationHomeRentals.com): $2,800 to $4,100 per week for eight-bedroom home located five miles from Disney World.
2. Cape Cod in Massachusetts
Average rents: $1,200 to $3,500 per week for a three-bedroom/one-bathroom oceanfront house.
3. The Poconos in Pennsylvania
Average rents: $2,100 to $2,450 per week for a three-bedroom/three-and-a-half bathroom house.
4. Outer Banks, N.C.
Average rents: $595 to $3,495 for a four-bedroom/three-bathroom home.
5. Destin, Fla.
Average rents: $900 to $2,500 for a three-bedroom/two-bathroom home with a private pool and access to a private beach.
6. Myrtle Beach, S.C.
Average rents: $1,200 to $2,650 per week for a five-bedroom/four-and-a-half bath house, located in the family friendly beach area of Surfside.
7. Ocean City, Md.
Average rents: $700 to $3,500 for a three-bedroom/two-bathroom town house with an ocean view.
Source: “Best Places in U.S. to Buy a Vacation Home,” MarketWatch (Aug. 8, 2013)