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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)! |
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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. |
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If you have any questions or would like
more information, please contact us 706-632-6080,
877-632-VIEW(8439),
email us, or use our online
request form. |
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