REASONS TO BUY A VACATION HOME

Love to buy a vacation home in Southwest Florida but dragging your feet because of bad memories of the housing market crash? Stop sitting idle. Save yourself the despair of kicking yourself in the future as now is the time to strike while the iron's hot. This is the best time to buy, just coming out of the recession, with real estate prices so low that they may never be as affordable as they are now. We are currently in a buyer's market, one in which has such an immense directory of Southwest Florida real estate for sale that many investors and property owners are in agreement that now is the time to buy.

The wave in recent years was that the Naples real estate market was fed by the Baby Boomers. Today's trend is different, with the Baby Boomers being more reluctant and the middle-aged, middle-income American's stepping up to the plate becoming the primary buyers of real estate vacation homes. It's been suggested that this new wave of buyers will be the new generation taking hold of the real estate market which will lead the nation in its economic recovery.

Why buy a vacation home in Southwest Florida? Well, for one, the obvious is that real estate prices are incredibly affordable. The National Association of Realtors survey shows that the price of vacation homes averages around $150,000 as opposed to the average sales prices of vacation homes in 2007 at about $195,000. This puts into perspective that the combination of affordable pricing and low interest rates equates to the fact that now is indeed the perfect time to buy.

With real estate prices finally at an even keel, people who never would have even thought of purchasing real estate now are. These individuals have done their homework and are breaking through the safety net stepping forward knowing that prices will never be quite so low again. It is evident that the Southwest Florida vacation home real estate market is on a quick upswing, with this new generation of buyers looking at the long term benefits of real estate investing and realize that purchasing a vacation home in Southwest Florida proves to be a sound, and long term investment. Need another reason to invest in a vacation home? Because the demand for vacation rentals is high with tourists opting to rent a vacation home over staying in a hotel or resort which results in a high rate of return on vacation home investing. Renting out vacation homes is a great way to make a profit. Just twelve weeks of renting out a vacation home can literally cover mortgage payments for an entire year. A definite perk for the homeowner is that when the vacation home is not being rented, it can be enjoyed by the homeowner, their families, and friends.

What is the best vacation property in Southwest Florida to purchase, a condominium or a single family home? Whether interested in Naples condos or homes, both offer their share of pros and cons, and it just depends on the requirements of the vacation homebuyer. The beauty of purchasing a condominium as a vacation investment is that it is virtually maintenance free, with the maintenance covered by the condo association and a property management company that oversees and manages the day to day issues that may arise; purchasing a single family home as a vacation home may or may not be in a community that has a homeowners association and requires a bit more to maintain. In addition to this, a homebuyer looking to purchase a vacation home should also look at what community amenities are offered, one in which will appeal to the vacation renter. A vacation rental home in Southwest Florida can reside in a community that offers superior golf, fantastic amenities such as pool and spa, Har-Tru tennis courts, outstanding clubhouse, excellent access to the wonderful beaches of Southwest Florida, or can be within close proximity to the best shopping and dining selections, cultural venues, and tourist attractions. Many communities offer the best of both worlds and it is important to decide what amenities will help to generate more vacation rental revenue.

Another reason to purchase a vacation home in Southwest Florida is because of the glorious backdrop which it possesses, whether it is the intense sunsets, crystal white sands, or the warm and inviting waters of the Gulf of Mexico. This provides that little extra of something special, offering maximum appeal to Southwest Florida tourists. Wherever purchasing a vacation home in Southwest Florida one is never too far from the fabulous natural amenities, and now is the time to seriously consider making the intelligent move to purchase a slice of paradise in the magnificent location of Southwest Florida.