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Second Homes
Second home
ownership will double by the year 2,000!
It's here today
and building momentum. Why? Because demographics and technology are converging
to create a historic opportunity for both buyers and sellers. There are an estimated
80 million Baby Boomers alone in the US today. Those born between 1946
and 1964 totaled 70% more people than were born during the preceding two
decades.
The first of the
baby boomers just turned 50. The last of the boomers will be turning 50
in 2,014. And since people are most likely to purchase a second home between
the ages of 45 and 64, this affluent group of home buyers could be buying
second homes until the year 2,030.
Today, thanks
to technology, second homes are becoming a place to work as well as play.
How you use a second home is up to you. But if it's something you've been
considering, now is the time to get the information you need to make an
informed decision.
What about
me?
You'd probably
like to know what kinds of people are currently buying second homes. Well,
married couples with or without children are almost twice as likely to
own second homes as single persons. Most are over 35 years of age. And
the fastest growing segment of buyers are age 35 to 54, without children
at home.
What makes
for "successful" second home locations?
Natural beauty
is great, but don't forget about cultural and social resources, as well
as first rate golf, tennis and other popular sports facilities.
What will be
my return on investment?
We won't even
try to predict the future. But we can tell you that you'll get more enjoyment
out of a property you can get to quickly and can use frequently. And since
you know your area, chances are you'll make a better real estate investment
closer to home. And be sure to look at each property with an eye toward
tomorrow, because the vacation homes likely to appreciate the most are
the ones that boomers can play in today and retire in tomorrow.
Let us help you
explore the best real estate option for you.
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