By Daren Blomquist, RealtyTrac Vice President | June 10, 2014
With the busyness and stress of the holidays over – except for maybe that Christmas credit card bill that needs to be paid – it may be time to get away from it all by going on a ski vacation in a snowy mountain resort town. Towns are great places to stay as they are so convenient, for example check out this for rent townhouse 3 bedroom barrie.
Those who make such a post-holiday trip into an annual tradition might consider buying real estate in their favorite mountain resort town so they have a place to stay each year without racking up mammoth hotel fees on top of the cost of airline tickets – most of the best skiing and snowboarding resorts are far enough removed that a plane ride is needed to get there – and lift tickets. This is something to consider when weighing this investment option with your financial advisor nyc, or anywhere else they may be based.
Plus the property can be rented out as a weekly, monthly or seasonal vacation rental, sometimes bringing in enough cash flow to cover the cost of ownership. You may want to consider the Top 10 Companies Making Real Estate Websites and look to see which one could handle advertising your rental for this situation as in ski resort towns with a solid economy, buying non-vacation rentals may even be a good play for real estate investors – even if they aren’t into skiing or snowboarding.
RealtyTrac sifted through housing and economic data for resort towns with some of the nation’s top ski resorts – as defined by extensive data analysis by our friends over at Zrankings– to come up with a list of top ski resort towns for real estate investing. Hopefully, this will help people to find the best town for their investment. Getting into real estate is often a great choice. It’s one that seems to make a lot of money for the individual, and allows investors to qualify for the 1031 tax deferred exchange if they re-invest their profits into another property. There are many benefits to real estate investing, so it might be worth trying to purchase a home to sell on. If the house is in one of these resort towns, it’s likely to sell quickly.