Kay Carlson Realtor - Remax Mountain Properties discusses how to choose a vacation rental property in Prescott

A vacation rental is typically property that is purchased as a second home and investment property. The rental income that is generated is helpful to offset some of the costs of owning the home. Kay Carlson Realtor - Remax Mountain Properties offers some suggestions on choosing a vacation rental home in Prescott.

Location, Location, Location
An important factor in choosing a vacation rental property is where it is located. Choosing an area that is a desirable vacation destination means the home will likely have a steady stream of renters. Prescott is ideal because it:

• Is visited often by tourists
• Offers outdoor activities such as lakes and hiking trails
• Has a bustling downtown area with restaurants and galleries
• Boasts great golf courses
• Enjoys temperate seasons

Enlist a Real Estate Agent
While there are a number of online sources you can search, you are best served by working with a local real estate agent who has knowledge of the area and the expertise to help you through every facet of your property purchase. An experienced agent will also be able to check comparable properties and ensure you are receiving the best value for your investment dollars.

Management
If you intend to use your property as a short-term vacation rental, your agent will be able to refer you to vendors who can provide needed services such as cleaning, landscaping, maintenance, insurance, and security. Consider doing some research on vacation rental companies like Airbnb and VRBO (Vacation Rentals by Owner) to set appropriate rental rates and fees.

Buying a vacation rental property can be a great way to invest in real estate, offset some expenses of home ownership, and still enjoy your favorite vacation spot right in your own second home. Whether you are looking for a cabin, a condo or a single-family home in Prescott, Kay Carlson Realtor - Remax Mountain Properties wants to help you choose the vacation rental property that is right for you. To schedule an appointment, call Kay at 928-778-1010. Learn more at http://www.prescottinvestmenthomes.com.

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Prescott Investment Homes
Vacation Homes in Prescott
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Kay Carlson Realtor - Remax Mountain Properties shares reasons to buy a vacation home in Prescott

The purchase of a vacation home is one of the few investments that offers the buyer both personal and financial rewards. Kay Carlson Realtor - Remax Mountain Properties suggests reasons to buy a vacation home in Prescott.

• Plan for your retirement

Retirement may be a few years (or decades) off, but buying a vacation home now opens up some very versatile options for you. Where do you want to retire? Near a lake, in the mountains, or even in your favorite small-town oasis? Would you love to have your children and grandchildren visit your vacation home for holidays and other special occasions?

• Diversify your investments

When you buy a vacation home and rent it out while you are not vacationing, you can create a new stream of income. This revenue can supplement your salary and any other interest-bearing income you earn. If you choose this route, you will want to work with an agent who has the local experience and vacation rental understanding to help you buy a vacation property that is a good income generator in a great market.

• Build wealth by building equity 

When you buy a vacation home, you become part of a community of investors who understand the value of purchasing and holding real estate. Your property can be a great personal investment or a significant part of the estate you leave for your family. Don’t feel compelled to try to pay cash for your vacation home or even cash in your savings. Nearly 75% of people who buy a vacation home invest through some form of financing, while still building wealth for the future through equity.

Kay Carlson Realtor - Remax Mountain Properties hopes these reasons to buy a vacation home in Prescott are an inspiration you. If you are thinking of purchasing Prescott vacation property, find the perfect investment for you and your family! Begin your home search by calling Kay Carlson Realtor - Remax Mountain Properties today at 928-778-1010. Learn more at http://www.prescottinvestmenthomes.com.

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Prescott Investment Homes
Real Estate in Prescott
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Kay Carlson Realtor - Remax Mountain Properties shares benefits of buying vacation rental property in Prescott

Thinking of buying a vacation rental property in Prescott? There are a number of benefits to doing so, and Kay Carlson Realtor - Remax Mountain Properties shares some of the best reasons for choosing to buy in Prescott.

Dual purpose
Buying a Prescott vacation rental home has one distinct advantage: providing owners with a dual-purpose property. Homeowners can use it seasonally for family vacations, and then rent it out to guests during the rest of the year.

Generating Income
A vacation home is a potential source of additional steady income, offering you the luxury of enjoying your own personal property that happens to make money on the side. If you buy a vacation home and also use it as a short-term rental, the resulting income can aid you in paying the mortgage as well as other predictable expenses (insurance, maintenance, repairs and property tax).

Appreciation
In addition to earning money in the short run through rental bookings, a vacation rental, like most real estate, also makes money through long-term appreciation and naturally rising values. When you're ready to sell your vacation rental home, you can typically sell it for a much higher price, especially if your property is located in a high-demand area.

Tax Deductions
Similar to your primary residence, a second home also has its tax advantages in the form of tax deductions. However, unlike your primary residence, the tax advantages for your vacation rental can get somewhat tricky depending on the number of days you rent it out and the number of days you live in it. Working with a professional real estate attorney or tax accountant will ensure that you are getting the maximum tax benefits from your property.

If you are thinking of purchasing Prescott vacation property, there's still time before tax season to find the perfect property for you and your family. Begin your home search by calling Kay Carlson Realtor - Remax Mountain Properties today at 928-778-1010. Learn more at http://www.prescottinvestmenthomes.com.

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Prescott Investment Homes
Second Home in Prescott
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Kay Carlson Realtor - Remax Mountain Properties has tips for your vacation rental in Prescott

If you are considering investing in a vacation home in Prescott, and part of your plan is offering the vacation home as a rental when you’re not using it, there are a few things Kay Carlson Realtor - Remax Mountain Properties recommends you do to secure the safety and security of your rental property between occupancies.

Exterior Maintenance
Arrange to have the yard regularly maintained including mowing, weeding and watering during the summer months and snow and ice removal during the winter. Also arrange to have any advertisements, flyers and mailers tossed in the driveway or left at your door picked up daily.

Turn on the Lights
Always set the lights in your home on a timer. Make sure you are using timers that allow you to set each room's lights to turn on or off at a variety of times during the day/evening. Exterior motion sensor lights are a must and can be easily and affordably added to your property if you don't already have them.

Eight Eyes Are Better Than Four
Make friends with your neighbors on both sides of your street. Give them your phone/text and email and ask them to let you know right away if they see anything suspicious. They can also let you know if they notice a problem like damage after a monsoon or a broken sprinkler or other kinds of incidents which might cause concern.

Invest in Good Locks
Invest in a Bluetooth keypad. They are very easy to install and you can assign private codes to your friends and family, or even a trusted neighbor. A Bluetooth keypad lock will notify you anytime someone enters your home. But good locks don't matter if you don't make absolutely sure all the doors and windows are locked each and every time you leave the property. Whatever you do, do not leave a spare key under the doormat, a fake rock or in a potted plant.

Investing in a Prescott area rental property means having property in a city that is a tourist favorite. Real estate is the perfect investment to enjoy while its value is increasing. If you’re considering buying a second home in Prescott, begin your search by calling Kay Carlson Realtor - Remax Mountain Properties today at 928-778-1010. Learn more at http://www.prescottinvestmenthomes.com.

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Prescott Investment Homes
Land for Sale in Prescott
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Kay Carlson Realtor - Remax Mountain Properties shares tips for buying a vacation home in Prescott

Are you thinking about buying a vacation home in Prescott? Good choice! Kay Carlson - Realtor with Remax Mountain Properties offers these tips for buying your vacation getaway.

Get to know the area.
Consider renting a place in the area you’re considering, as you are looking for your home to purchase. Stay for at least a couple of weeks to make sure you learn how much there is to do in the Prescott area. Visit in different seasons so you will experience weather patterns. Learn what parts of town you prefer.

Carefully choose the location.
Before you start shopping, give a lot of thought as to exactly why you want this second home. The answer will determine just where you look to buy. If the main reason is for you and your loved ones to gather together as a family, you’ll want your vacation home to be in an area that is easily accessible to everyone.

Be realistic about much time you will spend in your vacation home. 
You may use it often at the beginning, but as the kids grow older, you may use your vacation house less and less. This should not necessarily be a deterrent, as the value of your investment may increase considerably.

Buy what your budget can afford. 
Don’t purchase a property that will be a stretch to pay for. You don’t want additional stress - you go on vacation to get away from stress! Also consider whether you want to hire someone to manage the place or care for the yard. Calculate all the financial aspects into a plan that you can afford. You can always upgrade to a bigger house in future years.

Kay Carlson Realtor - Remax Mountain Properties offers these suggestions to consider when buying a vacation home in Prescott. Kay Carlson has a wealth of experience and can help you with all aspects of buying your vacation home. Whatever your real estate needs, call Prescott Realtor Kay Carlson today at 928-778-1010. Learn more at http://www.prescottinvestmenthomes.com.

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Second Home in Prescott
Prescott Real Estate
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Kay Carlson Realtor - Remax Mountain Properties shares the best time to sell your Prescott home

If you are selling your home, you surely want to get the highest selling price you can. It is important to know the best time to sell. While each situation is different, getting the best price for your property always depends on matching a good selling situation with the right market conditions. Kay Carlson Realtor - Remax Mountain Properties discusses the best time to sell your Prescott home.

Here are some signals that will tell you the time is right for selling:

• You can afford to move out of your home. When you sell and move, there are going to be costs involved. Moving expenses can very easily exceed $1,500.00. If you plan to buy your next home and apply for a mortgage, you’ll also need to have enough cash after you sell the house to not only move, but to make a down payment, too.

• You have enough equity in your home. Your equity is the value of your home minus any attached loans. For example, if your property is worth $250,000, and the mortgage balance is $150,000, you’d have $100,000 in equity. If the proceeds from the sale of your home would be enough to pay off your mortgage and selling costs, it may be a great time to put your home on the market. If not, it may be better for you to wait until the equity in your home increases.

• You are confident there are potential home buyers. List your home when buyers in your area are looking for homes. Ensuring that there are potential buyers is what makes Kay Carlson Realtor of Remax Mountain Properties stand apart from the rest. Kay will actively market your home.

Kay Carlson Realtor - Remax Mountain Properties hopes these suggestions about determining the best time to sell your Prescott home are helpful to you. Kay Carlson has a wealth of experience, and can help you with all aspects of selling your property quickly and for a great price. Whether you are thinking of selling your current home, or interested in buying a second home or investment property, call Prescott Realtor Kay Carlson today at 928-778-1010. Learn more at http://www.prescottinvestmenthomes.com.

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Professional Realtor in Prescott
Prescott Second Homes
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Kay Carlson Realtor - Remax Mountain Properties can help turn your Prescott vacation home dream into reality

If you dream of owning a Prescott vacation home but find yourself a little intimidated by the prospect, it might actually be easier than you think. Kay Carlson Realtor - Remax Mountain Properties can help make your dream into a reality.

Here’s a guide to help you consider your options:

Focus on your lifestyle
Tradition dictates that you should own your primary residence before owning your vacation home, but why? Instead, buck the system by using your lifestyle to match your primary residence and vacation choices. Think about your lifestyle. If you dwell on the thought of clean air, beautiful days, vast forests and outdoor fun why not rent a modest condo in the city and spend your money on a beautiful vacation home?

Understand the total cost of owning it
Determining what you can afford can be done in seconds by any lender. Consider the cash you have available for the down payment, closing costs and reserves. If you plan on owning two homes, your lender will expect you to be able to afford the total debt and monthly payments for both properties. To avoid risk, you should also plan for the things that lenders don’t consider in their qualifying calculations including:

• Insurance
• All utilities
• Furnishing a new residence
• Costs to travel between residences
• Maintenance costs: cleaning, landscaping, repairs and spa/pool upkeep

Make an offer using a local real estate agent
Your real estate agent will be familiar with and able to clarify local taxes, commissions, and transaction fees as well as advise you on the particulars unique to your location. It takes someone local to be able to give you expert advice.

By following these steps, your closing will be a breeze and you'll be relaxing in your Prescott vacation home before you know it. If you don't want to wait any longer to enjoy the rest of your life, call Kay Carlson Realtor - Remax Mountain Properties today at 928-778-1010. Learn more at http://www.prescottinvestmenthomes.com.

ADDITIONAL INFORMATION
Prescott Second Homes
Vacation Home in Prescott
Helpful Articles