If you have been dreaming of owning a vacation house where you can simply hide away over the holidays or a welcoming haven away from the hustle and bustle, now is the best time to make your move. With the rising inventory of foreclosed housing units across the board, you can save as much as 35 percent off the average cost.
In more ways than one, the barriers that may have hindered you from owning a vacation house are lowered or have been eliminated altogether. The fall of home prices has opened up innumerable opportunities to take advantage of second home markets.
However, these market conditions, and perhaps more important, historically low home prices, will not last long. That means you better act now before it?s too late.
To give you a head start on where to start your search, here are five of the ideal places in the United States where you can simply enjoy a day (or few months) of leisure, as well as purchase cheaper properties located in upscale markets.
1.? The Hamptons, New york
Enjoy the charming old-world country feel just a few miles away from New York City in Long Island, New York. One of the ideal vacation places of the affluent, you can now purchase and invest in one of these lovely homes at a significantly lower price. The Hamptons have always presented understated sophistication, where you can simply watch the day go by, all without traveling far.
2. Napa Valley, California
The ideal place for foodies and oenophiles! If you have visited California wine country before, you will understand why many find its charm hard to resist. So how about investing in a property here? Napa Valley comprises several quaint towns that are no more than 50 miles from San Francisco?s famous Golden Gate Bridge.
The weather is almost perfect all year round, even during the typically sweltering summer season. In addition, Five-Star eateries abound, so you can enjoy a fine dining experience every now and then, straight from the kitchens of famous chefs.
3. Malibu, California
Any mention of Malibu easily conjures up thoughts of pristine beaches. Owning a vacation house in Malibu will not only provide you easy access to world-class beaches, it is also less than a one-hour drive to Beverly Hills, the famous coastline community of the rich and famous. Malibu is actually a tightly knit community where you can enjoy a string of good quality restaurants, hiking trails, parks and of course, the famous Getty Villa museum.
With California having one of the highest percentages of foreclosures, you are sure to find a vacation home that not only suits your budget, but also presents a very viable investment.
4. Cape May, New Jersey
Cape May is famous of its world-class beaches. It is also among the country?s finest bird-watching destinations and home to some well-attended events such as the Victorian Week, Tulip & Garden Festival and Cape May Jazz Festival, among others. There?s also a pretty cool, and historic, lighthouse that is a must-see attraction.
5. Kennebunkport, Maine
Kick back like a Kennedy and enjoy a vacation anytime of the year near the Atlantic Ocean coastline, just about 75 miles from Boston. This small seaside village boasts numerous attractions and claim to fame. If you love lobster, you can enjoy the finest lobster dishes here. The town also features Carson Trail, which is a mile-long hiking trail that runs through the Rachel Carson National Wildlife Refuge.
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