Our Vacation Home Week celebration on CandysDirt.com was such an amazing success. We got to feature incredible second homes and developments in some of our favorite locations. Luxury amenities and gorgeous design, each one of these homes has just what you want for a getaway and then some! And boy, let me tell you about location! Let’s run through our fabulous featured second home spots from Vacation Home Week!
We’re here reporting from the Westin Oaks Galleria at the National Association of Real Estate Editors Houston conference where we’ve heard from some exceptional experts in second home and vacation real estate, including Natalie Binder of Telluride Rentals, Ben Jenkins of Land Advisors & Resort Solutions, and Matey Veissi, founder of Veissi & Associates.
Each of these professionals offered interesting perspectives on the vacation and second home market for 2014, which is one where buyers, developers, and investors are cautiously rebuilding after the economic downturn.
What kind of nuts are we talking about, Jodi? Macadamia nuts? Brazil nuts? Definitely not peanuts, as you won’t find any vacation homes worth their salt going for that. Sure, the second home market is super hot, but let’s not get too carried away — slow growth is sustainable growth, and that’s what many economists are seeing in the vacation home market.
What I do like about Jodi Helmer’s piece in the Huffington Post is the four essential pieces of advice for vacation home shoppers (although I don’t necessarily agree with the fourth):
1) Location is king
2) Make sure its a viable rental
3) Make sure you see the real bottom line (maintenance and taxes) before signing on it
4) Before you make a bid, sleep on it
The fourth piece of advice is kind of problematic because, just like buying any property, someone else might want it more than you and if you follow Jodi’s rule and always sleep on it, well, you can lose out.