The vacation home market has rebounded in a big way, according to recent statistics released by the National Association of Realtors. It accounted for just over one fifth of all home purchases last year, up a whopping 53% over 2013. The good news isn't quite as rosy for other segments of the real estate market, but those in a position to buy vacation property exhibit a newfound confidence that points toward future growth and increased stability in the second home market. One of the reasons, notes an analyst, is that many second home purchasers today plan to make that vacation property a primary residence upon retirement.
Distressed vacation properties accounted for almost half of the sales last year, and the median price was listed at around $150,000. The report notes that the upper 10 percent of families feel more confident about the economy in general due to increasing stock prices and an improving job market. While second home purchases are up, investment properties are not enjoying such a comeback.
However, there are attractive options for those who view vacation homes as wise investments as well as an opportunity to enjoy lifestyle changes and family vacations. A unique second home investment model initiated by Lifestyle Asset Group allows a select group of equity owners to invest in not one, but six vacation homes. The initial investment is scarcely more than the median price of a single vacation property.
How does it work?
Lifestyle Asset Group offers a unique real estate portfolio called LifestyleOne, LLC that allows only 50 collective asset owners. The six luxury properties, selected in prime locations with an eye on lasting value and anticipated appreciation are each valued between $1.5 and $2 million - owned free and clear by the group, with no debt. A professional management team is in place to handle ongoing operations, and there is a defined exit strategy designed to return capital investment and any shared profits to each investor at the end of a seven year term.
The best part? Investors enjoy vacation time at any or all of the luxurious second homes in some of the world's most desirable locations. Imagine jetting to your high-rise apartment in New York City for a weekend of shows and shopping. Plan a company golf excursion to Lake Tahoe or Seabrook Island, S.C., or take the extended family to St. John in the U.S. Virgin Islands or Los Cabos, Mexico.
It's all your choice with Lifestyle Asset Group. Make your vacation dreams a reality and stabilize your financial future at the same time.