What’s Your Choice For a Vacation Home?
What’s your choice for a vacation home?
By Jay Kipp
Here in the great Northwest there is no shortage of opportunities to enjoy the great outdoors. From beachfront cottages to San Juan estates to the ski slopes, our region offers more variety than most for a perfect outdoor getaway. And the good news coming out of our recent real estate slowdown is that a multitude of really great properties are out there for smart investors to take advantage of.
The country is seeing a resurgence in vacation property, whether it is used primarily by the owner or rented out on a regular basis. Florida, Arizona and California are leading the way, as prices have dropped drastically in some of the most beautiful and time-tested vacation spots, making this a true buyer’s market. As with most things real estate related, the Pacific Northwest market follows California’s trend. Some great bargains are hitting the market and just waiting for astute buyers.
East of Issaquah, Suncadia offers both vacant lots and custom-built homes at fantastic values. The community is known for its winter sports, great golf and fine dining. Farther east, in Wenatchee and Walla Walla, classy condominiums and townhomes make a long weekend in wine country the perfect getaway. Designed as an authentic beach village, the relatively new community of Seabrook, just north of Ocean Shores to the west, offers a classic Pacific Ocean experience. And the San Juan Islands remain one of the most highly sought after vacation destinations.
Financing for vacation homes is available, as well as on-site management and opportunities to rent out one’s property via outlets such as Vacation Rentals By Owner. Many vacation properties are owned by private corporations or partnerships and serve as corporate retreat venues. Internal Revenue Service rules apply to owning a vacation home, but even that can have a positive effect on the bottom line when use, expense and maintenance are taken into account.
It is always a great time to enjoy the outdoors, but now seems to be an especially opportune time to investigate great vacation home ownership options in your favorite Northwest location. ❖