Why are a growing number of home owners investing in second homes?...

This was supplied to me by one of our clients on Smith Lake. It is on the Condos News Section but I thought some of my regular blog readers would like this too.

People buy second homes for a wide variety of reasons often motivated by the location of their primary residence. City dwellers are looking for a weekend and holiday home in the country; snowbirds want a place in the sun where they can thaw out; southerners are looking for a place where they can escape the heat. A large number of Baby Boomers are eyeing retirement and second homes to provide them with an opportunity to invest in their retirement residence.Lifestyle is the primary reason for second home ownership with investment opportunity coming in a strong second. Owning a second home can be a good financial move. Despite the current slow down in the housing market, vacation residential property is expected to continue appreciating. This is due, in part to Baby Boomers. This demographic group is reaching retirement age with more wealth than any previous generation. Surveys show that ownership of a second home consistently ranks in the top one or two priorities for Baby Boomers.There are also tax benefits to second home ownership. Since mortgage interest is deductible for first and second homes, home ownership is still one of the best leveraged investments a person can have. While any profit on the sale of a second home is subject to capital gains, they are avoidable if you move into your second home and live there for at least two years. Modern technology allows business people an opportunity to take their work to remote locations. This gives many executives and managers the luxury of using their second home more frequently than once was possible.

The growing number of reasons to own a second home is creating a market demand for good locations and quality homes. Smart investors, however will look to buy today in an area that's going to be hot tomorrow. So what are the ingredients that will turn a sleepy village into the next Aspen or Hilton Head?

A beautiful setting is a must, but here are some other important factors: · Proximity to growing urban centers. Vacation towns typically need to be within a two- to three-hour drive of a major city, or at least reasonably close to a big airport.· Plenty of recreational opportunities. There has to be lots of stuff to do beyond shopping, which is why most thriving resort towns are near lakes, beaches or mountains. Some cultural cachet -- a theater or film festival, galleries or museums -- is also nice.· Decent weather. You have to be able to get outside to enjoy all that recreation. There is a strong tendency for second home owners to purchase condominiums over single family homes. Second home condos' owners have the advantage of ownership, without the hassles of maintenance, repairs and security concerns. For many, condominium living is all about freedom, the ability to enjoy life to its fullest. In addition, property values have been known to double in just five years, making a condominium purchase a wise choice for those looking to resell down the road. Second home ownership is expected to be as common in the future as two car ownership is today. Investment in a second home today will certainly be viewed as a wise decision in the future.See Smith Lake Real Estate

Condos and Resorts market research for Vail Colorado

We are teaming up with a local company in the Vail Valley area. We will be running a market test to see if we can get a share of the Vail Condos traffic. If it works we will also seek the the Vail Valley luxury real estate market. We cannot at this time announce the local company. We will keep you posted as to our progress. We will say one thing. The gentleman bringing this opportunity will likely be working with us to secure other markets nationally and internationally for Condos. We are currently looking at marketing in the Virgin Islands, Puerto Rico and Lake Havasu Arizona We will continue to seek out new condo investment opportunities for your portfolios.

Real Estate Web Marketing

Several have asked me about web marketing and how we have become so successful. A lot has been learned by trial and error. However, Jan Chilton of Myrtle Beach Web Design helped us with the consultation to jump start Condos and Resorts Marketing. She agrees that we now have one of the best services available on the web for marketing new projects. Recently, Jan has teamed up with Pearl Web Marketing to enhance both companies. Together a better full rounded service is available. There are almost no obstacles this team can't tackle. The duo no longer take general web jobs but work only for the real estate industry, with a primary focus on generating sales leads in the resorts market and the Myrtle Beach real estate market place.

The last project of Condos and Resorts they assisted on, ranked in the search engines in 7 days for its project name 'Emerald Point on Smith Lake'. It ranked for its primary term 'Smith Lake Condos' in 12 days. It ranked for the toughest term in 40 days, 'Smith Lake Real Estate'.

With the know how of Pearl Web Marketing and Myrtle Beach Web Design there is no project which can't go to the top. You can seek out these services by visiting Jan's site Real Estate Marketing.

CONDOS PRESS ROOM

Emerald Point has big results at boat show for their Smith Lake Condos

Preconstruction release date to be announced any day.

Myrtle Beach Condos for Sale
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Announcing a New Vacation Directory

What a life with Smith Lake living

Most people who own or seek to own a lake home do so to relax, entertain friends, enjoy family time, or to live in full-time. Owning a home at The Boardwalk on Smith Lake offers an escape from the ordinary. From the beautiful front gate to the luxurious club house, amenities abound. The community club house has everything you need to entertain friends including a fully equipped kitchen and gas grills near the pool for outdoor barbeques. You can gather in front of the big screen TV to enjoy sporting events or for those wanting to create their own competition, there’s a regulation size pool table. The club house also boasts a fitness center which features state of art equipment. Enjoy the beauty of nature from the carefully designed walking trails or relax and enjoy a view of the lake from poolside, on the Boardwalk, or from the comfort of your own home.


Real Estate Marketing by Myrtle Beach Web Design a service of Condos and Resorts Marketing

Smith Lake Living is a registered trademark of Smith Lake Living Magazine.

Latest Smith Lake News

Condos and other developments on Smith Lake will be a major factor in economic growth in areas bordering the lake, according to developers (March 01, 2007) - Dewayne Campbell

Smith Lake Condos booming

Smith Lake real estate has been discovered by the world, and so has Alabama. I personally have really enjoyed the quiet tranquillity of north Alabama for my entire life. I have chosen to live a simple country life, the way I grew up. As our world gets more complicated and progress marches on I struggle to keep my perspective. I grew up in the Smith Lake area. I am proud to see the local people doing well with the sell of their properties. There has been generation after generation on these properties just barely making a living. My grandparents, aunts and uncles had chicken and cattle farms in the area. Nothing will stand in the way of progress. Well I guess I should get back to business.

Smith Lake Real Estate is bursting at the seems and will likely continue to grow. Construction is going on everywhere on the lake. Two new developments have been annouced in the Arley and Duncan Bridge areas. Duncan Bridge Resort South is a weekend rental getaway. Boardwalk on Smith Lake is a planned gated community. It will be used for primary residence and vacation homes, not so much rental. There is also a new condos' project in southwest Cullman County, Emerald Point on Smith Lake.

This is drawing a lot of attention from larger businesses. Construction and building supply companies are looking to expand their services by building plants and stores to service this real estate boom. Real estate offices and agents are popping out of the woodwork. Developers and construction companies from all over the country are looking to make investments in Smith Lake Real Estate. Even country music stars and big executives are getting in on Smith Lake.

Condos and Resorts will continue to service the real estate industry on Smith Lake projects. So check back with us for the latest news and information about Smith Lake.