The housing market may be cooling off, but not on the Bolivar Peninsula. We are hot!Who’s buying? According to NAR, baby boomers make up the single largest group. They’re followed by people in their 30s, often with children, who may be looking for both a vacation home and an investment opportunity. But regardless of whether buyers are sneaking up on retirement or focusing on a place to take the kids, they’re looking at the Texas Gulf Coast to find that perfect place.
What’s Your Main Reason for Buying a Second Home?
Most people looking for a second home are doing so for either:
- investment, or to earn money from rental income or home-value appreciation
- vacation, or to ind a destination to escape the daily grind, or
- future retirement, or to establish a place to enjoy the post-workforce years.
Buying a Second Home for InvestmentIf you see a home with deeded beach rights and the first thought that pops into your head is, “Wow! Imagine how much I could sell that for after a few years and a paint job,” then you’re probably motivated by investment goals. investors heed one thing above all others, getting a healthy return on their second home, be it through rental income or, more likely, appreciation. Everything else takes a back seat. investors view buying a second home as simply an alternative to putting money into stocks, bonds, or other investment vehicles, and their decisions about purchasing a second home are methodical and financially based. instead of scouting for a home in their favorite vacation destination, investors might buy one in a town where they’d never go, but which has had a track record of steady appreciation in home values.
Buying a Second Home for VacationIf you see a home with deeded beach rights and the first thought that pops into your head is, “Wow, a private beach where could relax and leave the craziness of life behind,” then you’re thinking like a vacationer. You’re probably already fantasizing about using your second home during your free time, holidays, or peak sport seasons. While almost every vacationer wants a second home to be a good financial investment, turning a profit is not the main motivation.
Buying a Second Home as a Future RetireeIf you see a home with deeded beach rights and instantly think, “What a great place to live after I’ve stopped working,” you’re thinking like a future retiree. it doesn’t matter whether your retirement date is just around the corner or decades away. With people living longer (current life expectancies are around 75 years for men and 80 years for women), retirement has the potential to be the start of life, not the end. Buying a second home now for future retirement could give you a jump start on the good life. Like vacationers, future retirees often rent out their second homes to offset expenses, and even look for the home to appreciate in value. However, rental or other profits are not the driving factor behind future retirees’ buying decisions. Rather, their goal is to have a second home they can ultimately call “home.”
No matter what your reason is for buying a vacation or second home, the Bolivar Peninsula is a great place for your dream home, because of our strong market fundamentals and affordable prices.
We really are the best value for oceanfront property in the United States. That's cool, that's a fact and this is a great situation to be in. Take advantage of this great opportunity!