|BUYING A VACATION HOME
According to "The National Association of Realtors Profile of Second-Home Owners," 51% of second home buyers use their second homes as a vacation getaway, 31% for investment real estate/short-term rentals, and only 18% for a retirement home.
On top of that, numerous publications have listed Blue Ridge, Georgia as one of the five best places in the country to purchase a vacation home (see Smart Money)!
|While there are many reasons to purchase a vacation getaway or second home in the North Georgia Mountains, buying a second vacation home can provide returns that usually surpass that of a stock market or other investment.NAR's second home owner profile corroborates the ongoing rise in the second home market, with 10-year sales rising from 264,000 units in 1991 to 359,000 units in 2001. According to the US Census Bureau, 6% of all home sales each year are second homes. Other census data shows there are 9.2 million homes held by owners in additional to their primary residences and NAR estimates as many as 7 million of them are vacation homes.
Blue Ridge Georgia real estate is a great investment and according to several national publications (including the New York Times) our area is popular with Atlanta and Florida residents "seeking an escape from heat and humidity... As more buyers have discovered the appeal of Blue Ridge, costs have risen accordingly — so much so that the area hasn’t really felt the cooling of housing prices seen elsewhere in the country."
Not only are we surrounded by panoramic mountain views, but beautiful Lake Blue Ridge is right in the middle of it all. With just a 90 minute drive north from Atlanta--less than the typical time spent in a workday of Atlanta traffic but far enough away to keep the masses at bay, real estate in the Blue Ridge just can't be beat.