If you are buying a Highlands vacation home with the intention to rent it out, it is essential to understand the market and what the rental potential is. Some people want to buy a vacation home and rent it when it is unoccupied in order to recoup some of their costs other buyers need to rent vacation homes to cover the ownership costs. While it can be less stressful when you do not have to rent a home in order for it to be a financially viable endeavor, knowing the potential income regardless of your need is always a good idea.
Whether you have located a Highlands property that you are ready to buy or not, getting to know the rental market is a good idea. Sit down and speak with a Highlands REALTOR® to start your home search and get to know different developments in the area. You can filter homes you are interested in by what areas are more popular for renters. It is also helpful to know what your needs are in terms of renting out your vacation home.
A Highlands REALTOR® can be an invaluable asset when looking for vacation homes and trying to discern a home’s rental potential. Contact me, Lynn Kimball, today to learn more about vacation homes in Highlands NC. I can get you started on your home search and help you locate a property that will suit your needs.
Click here to read “The 4 Keys To Buying A Vacation Home” from the Huffington Post.