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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