Tuesday, January 21, 2020

The 20 Best Cities to Buy a Second Home

Red-rock canyons and towering mountains make up the scenery in the Beehive State's southwesternmost county that borders Nevada and Arizona. Visitors and residents of Utah's fifth most populous county enjoy proximity to breathtaking Zion National Park, Snow Canyon State Park, Bryce Canyon National Park, and the Grand Canyon. Washington County's year-round dry climate has always been a draw for vacationers looking for scenic hiking trails, adrenaline-pumping rock climbing, and world-class golf. And with Las Vegas only a couple of hours away, the destination also offers proximity to top-notch shopping, dining, and entertainment. The same flexible approach to luxury-home location works for the not-quite-super-rich in other prime second-home markets.

best places for a second home

Here they are, from 10 to 1, plus inspiration from each place that could help you plan a fact-finding vacation before your big move. Vacasa’s 2021 Vacation Rental Buyer Report revealed that most buyers (36.4%) currently in the market are looking to spend under $399,999, which aligns nicely with median home sale prices in many of our 25 best places to buy. According to a June 2021 report, second home buyer demand is starting to taper off a bit from its earlier peak, which will open up more affordable inventory for those still in the market. This slight dip in demand is due to many buyers having already purchased a second home over the past 18 months, and uncertainty about the need to return to offices and schools.

What is the cheapest country in Europe to buy property?

This hip and historic town boasts an extensive roster of attractions, exceptional restaurants and year-round entertainment made for families and bar crawlers alike. And with low housing and insurance premium averages, you’ll have plenty of cash left over to get in on all the fun. According to data from Mashvisor’s investment property calculator, St. Augustine is #1 among the best places to buy a vacation home in Florida.

best places for a second home

Hoping to buy a second home in an area that’s close to the water but a bit drier than the tropics? Located in the Arizona desert, Lake Havasu lets its residents enjoy boat life without all the humidity and storms. To make sure you get all you hope for out of your second home, it’s important to know what you’re looking for — and where you want to be looking for it.

Buying Guides

In addition to offering wonderful beach options, it is also a business center and an important place for cultural events. Our real estate experts all concur that choosing what really calls your name is the best strategy. Another stunning location that still has semi-affordable prices, Finger Lakes is an amazing choice for nature and hiking lovers (who also don't mind dinner at a fine dining establishment after the hike). We've spoken to real estate experts with experience in the area to name the best places to buy a vacation home in 2021. Andrews State Parkfor swimming, snorkeling, fishing, surfing, hiking, and more! Float down the lazy river, spend some time in the wave pool, or ride one of the waterslides atShipwreck Island Waterpark.

Too small for a tourism board, Whittier and its surroundings can be found on North Carolina's state tourism website at Visitnc.com. Well, buying in Kissimmee, 30 minutes southeast by car on the northwest shore of Lake Tohopekaliga, could be the next best thing. Part of the Orlando metro area, the city is home to about 71,000 residents and is easily accessible by air, rail, bus and auto. The town, whose population of 2,500 can double during the high season, lies in the shadow of 11,166-foot Lone Mountain, 47 miles north of Yellowstone and 55 miles south of Bozeman. Half of the 10 vacation counties with the most inexpensive homes were in Maine, with Aroostook County—the northernmost point in the state on the border of Canada—leading the pack with median prices of just $21,000. Rounding out the top three on the affordability scale were Miller County in Central Missouri, with prices just above $21,000, and Michigan’s Gogebic Countyon Lake Superior, where homes cost $29,000.

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It’s just a half-hour from Marco Island, where you can enjoy more beautiful beaches, bird watching, and outdoor activity according to Sandi Barrett’s nine reasons to visit Marco Island, Florida. Naples is also home to the stunning Naples Botanical Garden, Florida writer Melody Pittman’s top pick for eight beautiful gardens to visit in Florida. This tiny isthmus may not be the first place you think of when you consider heading south, but it’s International Living’s penultimate international retirement pick for good reason.

best places for a second home

Our turnkey homes offer luxury features indoors and out, so you can enjoy your stay in your favorite destination no matter the season. For more inspiration concerning the best places for a second home, check out our other top markets. The popularity of the Great Smoky Mountains has done wonders for the success of Gatlinburg. This town has seen its property value explode in recent years thanks to its close proximity to Dollywood, SkyLift Park and the Appalachian Trail. Chic cabins offer rustic luxury to visitors, with beautiful mountain views from the comfort of your own hot tub. A cost of living index allows you to compare what it costs to live in one place against another, revealing how far your money will go in different areas.

Fort Bragg, California

"In the past, U.S. interest has been focused on cities offering culture and connectivity from Rome to Paris and from Barcelona to Florence," Mark Harvey, Knight Frank's head of international, said. Making an overseas property purchase is not without its challenges, however. Before embarking on an overseas purchase, prospective buyers should consider foreign exchange rates, local mortgages and taxes, ownership and sales costs, as well as any restrictions on foreign owners. "Rising mortgage rates and a weakening global economic outlook are cooling some of the ebullience of the last two years, but the slowdown will be felt most in lower price brackets and domestic-driven markets," the report noted. Price growth in Europe's prime real estate markets — categorized as the top 5% of the market in value terms — has been among the highest in the world in the past year, according to Knight Frank. Tucked between the Great Smoky Mountains and the Nantahala National Forest, tiny Whittier, North Carolina, is home to just about 5,600 people.

best places for a second home

While housing prices may be relatively high , the city's affordable home insurance premiums, cost of living, comfort index and continually rising property value make investing in Riverside a no-brainer. Riverside also boasts one of the lowest costs of living and highest comfort indexes in all the cities we studied, making California dreamin’ no longer just a dream for many homeowners. The city secured the top spot in the Northeastern region thanks to its super-low housing prices , a cost of living average on par with the rest of the nation and a relatively high walkability score.

The starting lineup of Curry, Thompson, Wiggins, Green, and Looney posted a ludicrous 129.9 offensive rating and outscored opponents by 23 points per 100 possessions across 278 minutes. It's hard to square that with Golden State's uneven season and sub-.500 record, but those numbers certainly suggest that this team still has the firepower to beat anyone in the playoffs. He isn't going to supplant Green in that role while the latter is still on the team, but those flashes of fluidity as a playmaking hub bode well for Looney's ability to be a second-unit stabilizer in his own right.

best places for a second home

When you purchase property in this city, you can easily find four or five bedrooms for about $500,000, and you will get lots of space, features and square footage for your money. In terms of proximity, Overland Park is close to Kansas City and happens to be the second biggest city in Kansas. Because this is a vacation area, purchasing a home in Myrtle Beach is also a sound investment. People come from all over to vacation here, so you shouldn’t have any trouble renting it out or starting an Airbnb investment. In terms of the surrounding counties and areas of California, you also get a lot of bang for your buck.

Davenport, Florida

The area is also popular for those wanting to purchase a budget-friendly condo or single-family home, and buyers can guarantee a good return on their investment by choosing a channelfront or oceanfront property with a boat dock. For my father, retirement meant a condo on a St. Thomas, USVI golf course and traveling to bucket-list destinations including Hong Kong and Dubai. For my in-laws, it’s a second home — a lake house — in Saint Genevieve, Missouri, and frequent getaways, including their most recent Big Texas road trip.

best places for a second home

Take a stroll down the Hall of Fame or see a temporary exhibit showcasing some of today’s hottest musicians and bands at theCountry Music Hall of Fame & Museum. VisitThe Mall at Green Hillsto shop at stores like Warby Parker, Burberry, and Tory Burch. Try Southern comfort food dishes like Hickory Smoked Wings, Shrimp and Grits, or Cornmeal Crusted Catfish atHusk.

Palm Springs, California

We also reference original research from other reputable publishers where appropriate. You can learn more about the standards we follow in producing accurate, unbiased content in oureditorial policy. Christie's International Real Estate notes that the luxury market for second homes increased 19% in 2017.

best places for a second home

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