The Vacation Home

Season is coming! Ever think about what it would be like to have a vacation home to escape to?

 

According to a 2014 NAR survey:

• Average vacation-home buyer age 43
• Median household income $85,600

Reasons buyers purchase vacation homes:
• 87% use the property for vacations or as a family retreat
• 31% plan to use it as a primary residence in the future
• 28% wanted to diversify their investments or saw a good
investment opportunity

• 23% plan to rent to others
• 22% intend to have it used by a family member, friend or relative

Last year’s regional purchasing destination:
• 41% of vacation homes were purchased in the South
• 28% in the West
• 18% in the Northeast
• 14% in the Midwest

For a customized home valuation report visit StuartValues.com today.