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From: Wade Robins
Date: 07-09-2007 12:35:44 pm
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Subject: Vacation Homes - The Preludes To Retirement?
Message: Vacation Homes - The Preludes To Retirement?
By Wade Robins
Baby Boomers and vacation homes have discovered each other. The home-away-from home is now a reality for about three-fifths of those Americans born between 1946 and 1964, and while two-thirds of them actually take vacations in their vacation homes, the others use their vacation homes as income properties.
Vacation Homes As Retirement Homes
That means, for the rest of us, that there are millions of vacation homes waiting for occupants each year. Vacation homes have become big business. The bull market of the past eight years has many Boomers with disposable income, which they shirted to the real estate market before e it began its descent. Boomers have been thinking ahead to retirement for the past ten years, and vacation home purchased cheaply and paid off can often turn into ideal retirement homes.
The same factors that make a part of the country attractive as a vacation spot--climate and natural beauty--also make it attractive as a place to spend retirement, so by purchasing vacation homes along the coasts and in the Sun Belt, many Boomers are now set to spend their leisure years in the sun. But until they are officially retired, their vacation homes have been sheltering them on the average about forty nights a year, and sheltering paying guests as often as possible.
Vacation homes are no longer the impractical purchases they once were; with the advent of the Internet and cell phones, vacation homes allow their owners, in many cases, to bring the job along while enjoying a change of scene.
And as more Boomers have purchased more vacation homes in the areas with the best retirement potential, they have effectively cornered the market on vacation properties n those areas, so anyone wanting in after them will be paying much more than they did.
The most popular locations for vacation homes? Not surprisingly, resort areas like near the water or mountains, or where the warm days significantly outnumber the cold--and which have reasonable access to shopping, sporting and cultural venues, and outdoor recreation. All the things which will guarantee a comfortable retirement.
Do A Trial Run
Those who are thinking of investing in vacation homes with the idea living in them after retirement will do themselves a favor by first renting a vacation home in the area of their choice for a month or two during the worst part of the of year, and spending as much time as possible in the surroundings.
What look like vacation homes in a Sun Belt Paradise during the cool clear days of autumn and winter can be houses which you leave only after the sun goes down, and then not for very long, when summer is at its peak. Sometimes vacation homes should remain vacation homes.
You can also find more info on Vacation Homes Near Disney and Vacation Homes. Vacationhomeshelp.com is a comprehensive resource to know about Vacation Homes.
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Travel Advice - 07-13-2006 13:14:20 pm
Vacation Homes - The Preludes To Retirement? - Wade Robins 07-09-2007 12:35:44 pm
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