Has the Pandemic skeeved you out on hotels? Does work from home sound more like work from anywhere?? We get it.
While we have already done a blog post on why a vacation rental property on Sanibel Island or Captiva Island is a profitable investment, did you know that there has been a huge surge in interest in buying a second vacation home? If you’ve been dreaming of buying that cottage on the beach, now more than ever it seems like the time to pull the trigger. As COVID-19 continues to be a main concern of the world, being able to shelter away from a crowded area has a lot of appeal.
In fact, interest in second homes has more than doubled over 2019, if you can believe it. Googling terms like “buying a 2nd/second home” or “buying a vacation home” have significantly climbed since the onset of the COVID-19. These haven’t been tiny leaps, more like bounds, at 235% and 103% year over year in July and August. What’s more, mortgage interest rates have sunk to record lows. Moreover, interest is significantly raised in luxury destinations. With Sanibel and Captiva being ranked in the top 10 places to escape the snow, you should be prepared to compete for the house you want.
This year, amid the COVID-19 pandemic, Americans are ditching city vacations and hotel stays and seeking relaxation in more remote areas with vacation rental properties. Hotel bookings are down 66% compared to this time last year, whereas vacation rental homes have been well-positioned to weather the Coronavirus crisis.
Now is the time to start your journey into owning a vacation property! With the added benefit of always having a home away from home, there is a significant potential to rake in revenue. Putting your vacation home into the right vacation rental company is paramount. At BreakAway Vacation Rental Properties, you can be sure that you won’t be another house on a webpage. You will be treated like we had wished we were treated when we were in your shoes, with a transparent and incredibly hard-working, drive for results strategy.