Vacation Homes in Central Florida-Cheryl Hilty Mount Dora Real Estate

You might be surprised to hear that more and more people are buying vacation homes. The real estate market has been fairly sluggish the past few years in general, so what’s prompting this interest in these types of homes? Buyers investing in vacations homes are doing so for a few reasons.
These are the main factors that help explain the upsurge in vacation home sales in the past two years:

• Prices are low: Home buyers can get vacation homes at very affordable prices compared to how much they cost in the past, especially in certain areas, like Colorado, Maryland and Virginia.

• More spending money: Vacation home buyers are typically a bit older than residential home buyers and tend to have a higher income. Most have made good investments in the stock market over the years as well, which has made a strong recovery.

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• They’re good investments: Some investors have been buying up foreclosures at low prices and turning them into lucrative vacation rentals.
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