BUYING VACATION PROPERTY

One of the great rewards of hard work, good financial management and ease of travel is the opportunity to purchase a vacation home in Scottsdale. The place where you can hide away for a week or invite friends for a blast or put to work for you by generating rental income. Whatever your reasons, Scottsdale Property Advisors is here to help you.

A vacation home can be a good investment, especially here in Scottsdale. There is room for only so many homes in some of our resort and desert areas. So, vacation property, if wisely selected can appreciate and bring you a profit if you chose to sell one day. There is also the potential for rental income. Why not have Sun Destinations manage my Scottsdale home for me, many buyers reason, when I'm not using it? This can help defray the expenses connected with your vacation home.

THEY'RE GOING FAST
If you are truly considering buying vacation property, here are some reasons why you might want to buy now:

• Legislative and environmental controls are becoming more prevalent. For instance two of Scottsdale's newly elected council members ran on 'zero' growth platforms. New development is sure to be limited.
• Baby boomers (is this you?). The boomers are starting to gobble up properties, possibly inflating prices as they move through this buying stage. They may have the money but not necessarily the time to use the home. This is where Scottsdale Property Advisors and Sun Destinations can really help.
• Foreigners, in particular the Europeans, love it here Ð year round. They too are also purchasing vacation homes competing for those properties with American buyers.
• Economic conditions, especially low interest rates. Savvy investors are taking advantage of low interest rates and diversifying their investments to include real estate in Scottsdale.
• Lastly, the line seems to be blurring between strictly seasonal and year-round. Developers are building product that provides all the amenities of a second home yet with the liveability of a primary residence. Enough people want to live here, either moving here to continue working or heading here after retirement, to reduce the number of homes on the market for seasonal use.