Why Buy Vacation Rental Home as a Real Estate Investment?
At the end of the day, purchasing an investment property for short-term rental use is about the prestigious lifestyle it provides the homeowner.
For most, the motivation is to take advantage of the numerous ways to generate wealth.
Here are a few examples of how our clients are benefiting from their investment properties.
Generate Passive Income
AirBNB, VRBO and many other online platforms have made it easy for homeowners to market their properties and generate significant revenue. So much so that;
“Home rentals have outperformed hotels in 27 global markets since the onset of Covid-19” New York Times
Generating wealth from passive income is just the tip of the iceberg. Have you thought about reducing your overall taxable income? That right! Here’s how most homeowners take advantage of reducing their overall tax burden.
Appreciation
Data from the most recent HPES shows that home prices are expected to increase by 18.2% over the next 5 years. The bulls of the group predict home prices to rise by 27.4%, while the more cautious bears predict an appreciation of 8.3%”
“Orlando’s annual median home price for 2020 ($265,000) was 9.1% higher than the 2019 annual median price ($243,000)”
Lifestyle
Who doesn’t dream of the ability to escape all the pressures of life but feel right at home? No more excuses. Always have a destination to:
- Celebrate (Anniversaries, Birthdays, Holidays)
- Create Lasting Memories
- Obtain a New Perspective
- Build Family Traditions
- Prioritize Health
Health
Long-term studies have shown a connection between vacations and heart health… women who took very few vacations… were twice as likely to have a heart attack or coronary death than women who had a couple of breaks each year…and men who took fewer vacations were much more likely to die from coronary heart disease than men who took more vacations” travelandleisure.com
Relax, Recharge and Get Inspired!
As you can see, owning a second home as a short term vacation rental is a no-brainer. However, there are many steps to consider from start to finish.
At McNally, we take great pride in helping our owners navigate these challenges. Our team’s goal is to make it so seamless that it’s ridiculously easy.
From design to build, purchasing, so you can remodel, or for turnkey projects… We have the knowledge and experience you need to start generating wealth today!
