The Time to Buy Your Vacation Home is Now
Real estate in general is seen as a more attractive investment right now, but should you consider buying a vacation property in winter? It is actually wiser to shop for a vacation home now. Here are three reasons why you should consider buying now:
Also, vacation homes and investment property is a hot commodity when the weather gets warm in the Granite State. New Hampshire is home to many retirees or those with retirement on the horizon. Baby boomers are reaching the age that makes them consider a move–like downsizing and moving to a part of the state where they love to vacation. NH Lake homes, with their proximity to many ski resorts, and those on the seacoast, with their quick commute to Boston, are areas attractive to buyers.
Another consideration is rising home prices. A typical home price tends to rise around 3% to 5% per year. Closings in January and February usually provide the best pricing for home buyers, meaning that buyers get the best deal when they get the home under contract in winter.
Whether you're a skier who loves the mountain slopes of the North Country, or a lover of the beaches at Rye, North Hampton, or Hampton, or a potential retiree seeking to retire by the lake and enjoy fishing and boat rides launched from your own private dock, there are homes available to meet a wide range of budgets.
So, if you are planning on buying a vacation home in the coming year, it might be wise to start shopping while the snow is still on the ground in order to get the best deal, the best interest rate and beat out the competition. Talk to a Realtor who understands the NH vacation home real estate market because the time to look for your dream vacation home is now.
Talk with one of our trusted real estate advisors to find the perfect vacation home!
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