Home Buying in 78748>Question Details

Sarah Hemmen, Home Buyer in Austin, TX

Where should I purchase a vacation home?

Asked by Sarah Hemmen, Austin, TX Wed Oct 15, 2008

I am thinking about purchasing a vacation home- which I would then like to rent the days my family wouldn't be using it. I was wondering where people were purchasing vacation homes. What are the best markets?

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Sarah, Being a resident of the Vail valley in Colorqado for 30-years I suggest my town! We have world class skiing, cultural events, health care facilities and no end of year around things to do. we are only two hours form Denver if you need anything from the big city! it's a diverse, vibrant area that is more than jsut a resort, it's a real community you can call home.. And if you need a mortgage loan to buy a place here, I'm the mountain mortgage guy.
0 votes Thank Flag Link Fri Feb 14, 2014
Beautiful South Padre Island, TX! Tropical Texas! Gorgeous sparkling blue waters, an ocean teeming with fish year round, mild climate, tropical breezes, laid back island living!
Fishing in the Gulf of Mexico day or night and year round, big game fisherman can catch “the big one”, observers can soak in gorgeous views and interesting sights, surfers can catch some waves! Wind surfing, kite boarding, see some sea turtles up close at Sea Turtle Inc, and bask on the pretty pretty beaches while the waves lap at your feet. And if you are still feeling restless - a 40 minute trip across the border for some margarita fun! This is a number 1 Texas beach destination for tourists world wide!
0 votes Thank Flag Link Thu Feb 6, 2014
Surfside Beach, TX
Look into this area. It is underdeveloped so it's still relatively cheap for a home with a view of the water, and even beachfront. Houses run between 150k-300k. It is a large vacation rental community with companies that will manage and rent your home for you. They claim to stay fully booked through the peak times. Great potential. Only downside is insurance costs, on top of your normal insurance you'll need flood and windstorm insurance.
0 votes Thank Flag Link Mon Dec 2, 2013
Dear Sarah,
Have you given the matter any more thought, or have you already purchased a vacation home? There is a lovely condo in Barton Creek that is a fractional property. Its a country club atmosphere with an exceptional golf course. This means you would have it for three months of each year. Its far less cost than being a single owner of a vacation property. If something like that appeals to you let me know and I can send you the details.
0 votes Thank Flag Link Wed Oct 16, 2013
Dear Sarah,
Have you given the matter any more thought, or have you already purchased a vacation home? There is a lovely condo in Barton Creek that is a fractional property. Its a country club atmosphere with an exceptional golf course. This means you would have it for three months of each year. Its far less cost than being a single owner of a vacation property. If something like that appeals to you let me know and I can send you the details.
0 votes Thank Flag Link Wed Oct 16, 2013
Port O'Connor, Tx. Great beach, great fishing, great vacation rental venue. Just a couple of hours from Austin. Enough Said. :)


Josh Daniels, Realtor®
Residential/Commercial/REO
------------------------------------------------------------------
RUSSELL CAIN REAL ESTATE
2025 N HWY 35
PORT LAVACA, TX 77979
361-920-0295
JOSH@RUSSELLCAIN.COM
0 votes Thank Flag Link Wed Oct 16, 2013
As a number of persons have said everything depends on your interests, lifestyle and funds to purchase. Once you determine that we can better assist you.
0 votes Thank Flag Link Thu Sep 9, 2010
Sarah,

You can also check out the area around Wimberley TX. It's not that far south from Austin, and the Blanco River is very popular for tubing during the summer. Wimberley is a very small town, but prices have been appreciating over the years.
Thanks,
Grant Pollet
Web Reference: http://www.pollets.com
0 votes Thank Flag Link Wed Oct 22, 2008
Good Morning Sara.
I agree with a previous post. It is a subjective decision and is governed in part by your life style concerns. Expressing a very biased opinion, I suggest that you consider Charleston SC. For the second year in a row the Conde-Nast suvery listed Charleston as the second most desireable location to visit: behind San Francisco and ahead of New York. Whatever of your interest are they are likely to be satified in this wonderful city. There are links on my website , http://www.lloydgunn.com, that will provide information about Charleston, as we say here, The Holy City.
All the best.

Lloyd R Gunn, Jr. Broker, MBA, ABR, Realtor
Office: 843-795-7810
Mobile: 843-270-6856
Fax: 843-202-2976
Email: lgunn@carolinaone.com
Fine Properties Specialist
Visit my website: http://www.lloydgunn.com

MAKING GOOD THINGS HAPPEN
Web Reference: http://www.lloydgunn.com
0 votes Thank Flag Link Wed Oct 22, 2008
Sarah,
The answer is very subjective. A lot depends upon your life style. How much time will you expect to spend at your vacation home; what type of activities appeal to you; what climate do you like.

I had a second home in Mexico. When I was away, I had affordable help who took care of my home and I had it listed as part of the International Home Exchange Network. I had a minimum of one full travel day, each way.

If you are in areas that often experience hurricanes or tornadoes, or severe winter weather, you must consider who will handle preparation and maintenence. Careful that you don't end up with a place where you work during your entire vacation!

I could go on and on, but you get my message. When you narrow down the characteristics that are best for you, please contact me. I will refer you to the real estate agents that could help you in those certain areas.

There is also the concept of Fractionals. That is when possibly 8 individuals own a property and have specific times when they use it. All expenses and maintenence are shared. sometimes, very high end houses are sold this way and it enables the buyer to be a partner in a much more expensive property.

Best of luck!
0 votes Thank Flag Link Wed Oct 22, 2008
Lots of options......South Florida, Charleston and Myrtle Beach SC, Cabo San Lucas, Barbados or anywhere in the Carribean.
Web Reference: http://www.teamlynn.com
0 votes Thank Flag Link Fri Oct 17, 2008
Bruce Lynn, Real Estate Pro in Coppell, TX
MVP'08
Contact
Sarah,

You have been given some great locations for consideration. One of the most desirable location for both local and international visitors is the Sarasota, Florida area. The area has it all....fantastic beaches, social and recreational activity, safe environment, ideal weather etc.

The location is the "perfect storm" with excellent opportunity to buy at great savings and a relatively safe and dependable annual rental market for December through April. Many 2/2 homes rent easily for $2,500 to $3,500 monthly.

Many vacation property owners rent their homes 4-6 months and use it personally for the balance of the year. And they run it as a business and use to their benefit for tax purposes.

If you would like to find out more about this location, we would be happy to hear from you.

Gest regards,
Susan & Bill Eckler, GRI

Michael Saunders & Company
billeckler@michaelsaunders.com
941-408-5363

2008 Five Star Award for Outstanding Cuctomer Service
0 votes Thank Flag Link Thu Oct 16, 2008
The market you want will depend on what attracts you. Do you like the mountians or the beach? There are a number of great places to purchase a vacation home. Some of my favorites are Costa Rica, Texas coast -Port Aransas, Corpus, Galveston, Colorado is another great place that has seen good appreciation. I would consider: Aspen, Telluride, Dillion, Breckenridge and Vail. Typically you can find a good management company to handle the rentals and simply block out the time you want to be in the home. THis is a great way to keep a little cash flowing in to take tare of the bills and mortgage.
Sincerely,
Betina


Betina Foreman, Realtor Austin Texas
0 votes Thank Flag Link Thu Oct 16, 2008
Sarah,
I also live in Austin and am a big fan of Port Aransas, TX coast. I own two vacation rental properties there. The TX coast and North Padre Island is pretty much the last under-developed coastal land in the continental US. I studied many options before purchasing and decided to make Port Aransas part of my overall investment plan. And, perhaps the best part, I can be there in 3 1/2 hours straight shot down 183. I can hook you up with a reputable Realtor in Port A if you're interested. I have a couple posts on my blog on Port A (link below).
0 votes Thank Flag Link Wed Oct 15, 2008
Depending on how old you are I really like the Sun City West area of Arizona with a great proximity to Scottsdale and Phoenix. The values are very easy to swallow right now and the demand for that area is only going to rise as the baby boomers age. Do you like vacationing in Arizona or do you need the ocean? I have a great recommendation for a second home in Mexico if you are interested. Talk to you soon.....

David Van Noy Jr
(816) 536-7653
0 votes Thank Flag Link Wed Oct 15, 2008
Where do you like to vacation? I lived in Hawaii before relocating to Kansas City so I still keep up with the market there. Right now, condos in Honolulu are selling at good discounts. If you get one in Waikiki, it is easy to rent out. You'll need to check to see which ones can be rented nightly, weekly, monthly or long term. If it were me, I would select a nightly or weekly rental. Also, getting one that is managed and in a rental pool relieves you of the stress of finding occupants and maintaining the property. You will probably want to buy a fee simple as opposed to a leased land condo. One of my contacts there is Stephanie Chan at Pru HI.
StephanieChan@PruHawaii.com 808.732.3218 Stephanie is one of the most knowledgeable and pleasant people you will ever meet. Her intimate knowledge of O'ahu properties will be invaluable.
Another is Alan Yukitomo with Dower Realty 808.258.7788 Alan is also a CPA who helps his clients with financial planning decisions. alanyuki@hotmail.com
In Florida, I recommend contacting Kimberly Cacioppa with South Beach Estates 305.573.8060
Good luck in your hunt.
Web Reference: http://www.MariaSellsKC.com
0 votes Thank Flag Link Wed Oct 15, 2008
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