Ludlow VT Real Estate: Home Sweet Second Home

Summer has turned many people’s thoughts to second homes and Ludlow VT vacation homes.  Unfortunately, though, encouraging statistics about the Ludlow VT vacation home market have been muffled under some of the negative news about the current economy and housing market.

According to the National Association of Realtors’ 2007 Investment and Vacation Home Buyers Survey, second-home sales accounted for one-third of all existing and new-home sales in 2007.  A large portion of those purchases were vacation homes.  So – why do families buy these “homes away from home?”  The survey found that several factors go into the decision to buy a second home.  Eighty-four percent of buyers wanted to use the home as a family retreat; thirty percent planned to use the home as a future primary residence; twenty-six percent want to diversify investments, and 25 percent plan to rent the home out to other families.

 

If you are ready to learn more about purchasing a Ludlow VT vacation home, please call me at 802-353-1983 or visit ISellVermontRealEstate.com.  Contact me for a complimentary e-book!

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: