What is a reasonable 3 yr to 5 yr Investment outlook for a 2BR or 3BR seasonal keuka lakeview property?
I am considering a lakeview vacation home in the Hammondsport area of keuka lake. I am wondering what type of investment outlook should be expected over the next 3 to 5 years. Trulia still shows strong growth in this market, despite the general direction of the economy, including a 60% y-o-y avg sale price increase and inventory is still very low.
Answers (1)
FIRST ANSWER
Arnold, a better investment might be land with a view of the lake. Building lots are getting scarce.
For returns on a house, I think you should look at 5-10 years gains should be about 5-10% per year
David Larrimore
Sunrise Realty
607-731-6414
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