Things to Consider When Funding For Resort Properties and Vacation Homes

For people working hard, playing and vacationing harder seems to come naturally. Vacationing in a relaxed milieu surrounded by pristine nature rejuvenates the body and the mind. Therefore vacationing has become an essential activity pursued by most of the busy people in our country. After shuttling between office and home for months, busy executives and entrepreneurs look forward to the much needed vacation breaks and welcome those with joy.

A typical vacation requires a lot of advance preparations such as: bookings and reservations of plane tickets to the vacation destination and arranging accommodations. Enjoying a vacation involves smart planning. Owning a vacation home is definitely a part of that smart plan as it takes care of the most important item of a vacation plan – accommodations.
Vacation homes are preferred because:

o After all it’s a real estate investment and if done wisely can turn into an income yielding financial asset.
o It allows going on a vacation whenever the mood strikes, without waiting for reservation confirmations.
o There are a host of tax benefits that can accrue to a vacation home owner.
o Appreciation in the property value can result in a sound investment.
o Owning a vacation home means never having to perform major packing and unpacking chores interfering with the enjoyment.

Colorado Vacation Home Loans
A second home or a vacation home is not the topmost priority of an average American household. But still it enjoys an importance that is hard to ignore. The year 2005 witnessed a steep increase in the number of people buying second homes. The year proved to be hot for second homes with a 39% of all transactions accounting for second home purchases.

Despite the appreciation in the prices, an increasing number of people are buying second homes for vacation or retirement. According to a survey conducted by the National Realtor’s Association nearly seven million vacation homes now exist in the USA and it is projected that more than 30 million people will buy vacation homes in the next decade. The easy availability of home loans is the reason why owning a vacation getaway is not an impossible dream that is just meant for the wealthy. Funding of resort properties and vacation homes has become easier than they were a decade ago.

Ideally, vacation homes should be situated within 2-3 hours drive from a major metropolitan area as longer drives could be tiresome and take the fun out of vacation. They should be situated near a lake, overlooking an ocean, or providing a vista of the mountains. The benefit of buying vacation homes around these natural beauties is that as their rates are likely to appreciate in the future or at least very unlikely to depreciate if not appreciate greatly. Of course, most of these resorts feature amenities such as Ski Mountains, golf courses, bicycle and hiking trails, and other outdoor sports.

And when it comes to buying resort property or vacation homes nothing beats the states of Washington, Idaho, Montana, Wyoming, and Colorado. Moreover Washington, Idaho, Montana, Wyoming, and Colorado construction home loans are easy to secure with a down payment as little as 5%. The interest rates are the same as first home loans, in most cases.

Colorado offers an amazing variety of vacation ideas. From watching bald eagles in one of the national forests to motor cycling across the state – the idea of a vacation in Colorado is exciting and refreshing. Therefore Colorado figures as one of the most preferred states for vacation home buying. Forbes magazine reports that Eagle, Colorado is becoming popular with vacation home buyers. Eagle, Colorado is preferred by people who love to ski but do not wish to be in a skiing town such as nearby Vail or Aspen. The property prices here range from $350,000 for townhouses to $1.5 million for single family homes.

Fixed rate mortgage, adjustable rate mortgage, and interest only programs – Colorado condominium loans are available in various forms. Keeping pace with the latest trends in real estate market Colorado also offers condotel home loans where the owner can earn rental income when not using the luxury hotel suite property. Other vacation home buyers unwilling to own a home solely can consider Colorado fractional loans. Constructions loans in Colorado come loaded with so many options that a vacation home buyer really has a plethora of choices.

The Top 7 Reasons Celebrities Are Flocking to Private Vacation Homes

It used to be that when celebrities went on vacation, they’d check into the biggest, fanciest hotel in town. But these days, the rich and famous are skipping the big, public hotels in favor of a more exclusive, more private vacation option. From Brad and Angelina, to Madonna, President Barack Obama, movie, music and TV stars are spending their vacation time away from the crowds and the cameras, and hiding away in luxurious, private vacation homes. Read on for the top 7 reasons why!

1. Privacy

A vacation isn’t much of a vacation when you’re surrounded by adoring fans screaming for your autograph, or ducking paparazzi around every corner. Which is why you don’t see major movie and TV stars spending their vacation time at hotels. Instead, famous faces know that in order to really get away from it all, the key is to check in to a private vacation home. Unlike hotels that cater to the public, a vacation home offers guests a real escape from the outside world, with a level of total privacy a hotel just can’t match. So they can bare all by the pool without worrying about winding up on the cover of a tabloid next week.

2. Space for their stuff

The rich and famous don’t typically travel light. They may be heading out of town to get away from it all, but at the same time, they need to make sure they’re ready for anything – from lunch with the big-name director who happens to be in town to a formal dinner party on a yacht. That’s why the stars tend to bring MORE than what they need, just in case. Which is why they’re bypassing the big hotels and settling in to roomy vacation homes – where they have plenty of space for the tuxedo, the ball gown AND the scuba gear.

3. Room for an Entourage

Just as they don’t travel light, celebs also don’t travel alone. There’s the personal assistant, the personal trainer, the hair and makeup guy (or gal), plus family, friends, acquaintances and hangers on…in other words, more people than you can possibly fit in even the largest hotel suite. And that’s why the stars are bringing the whole entourage to roomy vacation homes – where everyone can spread out and enjoy their time together.

4. Exclusivity

Celebrities like to stay on the cutting edge of trends – they don’t follow the herd and do what everybody else is doing. Why should they, when they can afford to set the trends and set themselves apart from the crowd? So instead of following the masses to whatever resort is popular each season, the stars prefer to create a vacation that is uniquely, exclusively theirs by escaping to a luxury vacation home. After all, what could be more exclusive than your own, private paradise, reserved only for you and the people you want around you?

5. Peace and Quiet

Let’s face it – people are noisy. And people who have a lot of money to spend on fancy hotel rooms are no exception. Their kids fight and splash in the pool. They have parties at all hours of the night. They argue, they laugh, they basically live their lives. Which is fine for them. But if you’re on vacation trying to get away from it all, it’s not necessarily fine for you. No wonder so many celebrities are skipping noisy hotels altogether and opting to stay in peaceful, private vacation homes. That way, if a wild party keeps them up all night, at least it will be their wild party!

6. Freedom

A vacation is the time to do what you want to do when you want to do it – and no one knows that better than celebrities, who are used to getting their own way. But even the most luxurious hotel has limits. Hankering for a late-night swim after the pool has closed? No can do. Feel like spending the day in your bathrobe without getting dressed? You’ll not want to leave the privacy of your room if you stay in a hotel but a vacation home gives you the freedom to spend your vacation the way you like. And if that means eating a grilled cheese sandwich in the pool at 2:30am, go for it!

7. Luxury

In travel, as in their day-to-day lives, celebrities demand the best. And they’re finding the best in luxurious, comfortable vacation homes. Dining rooms where they can entertain friends. Spacious living rooms where they can spread out and enjoy all the comforts of home. Their own, private swimming pools and Jacuzzis. With so many options, there’s no longer any reason to settle for less than the best. Which probably explains why, when it comes to travel, vacation homes are topping the list of celebrity trends.

So now you see why the rich and famous are making vacation home rentals such a fast-growing travel trend. And the best part is, these advantages aren’t just for celebrities.

Kissimmee Vacation Homes in Orlando

One of the most popular vacation destinations in the world is Orlando, Florida. A huge reason why so many people visit this part of the world is because of the Walt Disney World resort and its theme parks. Walt Disney World resort is the world’s largest recreational resort and is located in both Lake Buena Vista and Kissimmee.

Kissimmee is located on the southern part of the Disney complex and it’s here that you’ll find most of the areas vacation rental homes. There are many advantages for renting a vacation home in Kissimmee but number one amongst them is the ability to enjoy a luxurious yet affordable vacation. The second reason is the fact that you are just moments away from enjoying the Disney experience as well as all the other local theme parks such as Sea World and Universal Orlando, not to mention all the other attractions that the area has to offer.

A stay in a vacation home is simply a far more luxurious vacation than compared to staying in a hotel. The home is far more inviting and has much more space than the typical hotel room or suite. You can relax in private without worrying about noisy neighbors, you have your own private pool to splash around in and you have an element of privacy that you just can’t get at a hotel.

Most vacation rental homes are conveniently located in quiet residential communities but just moments from the main area theme parks. A Kissimmee vacation home offers many perks that a hotel simply cannot. Things such as large screen TV’s, separate bedrooms, games rooms, home theaters, and two or maybe three large living areas top the list.

Cost is also a major consideration and if you are traveling with a large family then putting them up in several hotel rooms can get very expensive. Depending on the size of your family, you can rent a house with three bedrooms, or more, for around the same price of one hotel room and it is certainly a far better option than trying to cram everyone in to one hotel room. Just imagine the convenience of not having to wait for your turn to use the bathroom or watching what someone else wants to watch on TV as vacation homes usually have TV’s in each bedroom.

One major drawback of hotels is the fact that most hotel pools are situated outside in the open air and that means you may soon be the target of annoying insects or bugs. Each vacation rental house comes with a screened in lanai and pool area that prevents annoying pests from attacking you and this means all the family can enjoy relaxing and unwinding in comfort.

A fully functioning kitchen is also another benefit of vacationing in a rental home. Going out for every meal soon gets tiring not to mention very expensive. Vacation homes give you far more options than a hotel with a solitary restaurant that opens when the hotel says it will open. Naturally, you might fancy a lie in one morning and a kitchen allows you to eat what you want, when you want to eat it so there’s no missing breakfast. In fact, it’s just like being at home as you can get groceries from local stores and enjoy the feeling of being home away from home.

Vacation homes are also great places to come home to after a busy day at a theme park or visiting some local attraction. Sometimes you might just fancy a quiet night in and nothing can be better than ordering a pizza or cooking a sumptuous meal for the ones you love at the end of a busy day. Each vacation home is usually equipped with everything you might need for cooking and baking and preparing a meal on vacation is just one way to involve the whole family and have some fun.

Talking of family fun, most vacation homes also have a whole host of amenities that include cable TV, DVD players, broadband internet, video game systems, pool tables and a whole lot more for all the family to enjoy. Sometimes you may find that you’ll just not want to go out and that you just want to enjoy a day at home. Vacation home rentals really do give you lots of space to move around and live in and it’s not uncommon to feel like a King or Queen in a palace when you take a vacation in a rental home.

In fact, those that choose to vacation this way rarely go back to hotels afterwards so if you haven’t stayed in a vacation home before, this really is something you need to look into before your next trip.

About Nigel Worrall:
Nigel Worrall is President / CEO of Florida Leisure Vacation Homes & Total Real Estate Solutions. He is regularly sought by the media as a vacation home and real estate expert and has featured on NBC, ABC, Fox, CBS. He has also featured in The Wall Street Journal, USA Today, New York Times, Newsweek, Chicago Sun Times, Washington Post, Orlando Sentinel, Orlando Business Journal and several other leading publications. Nigel is also the best selling author of “Big Ideas For Your Business” (Advantage Media)
Nigel serves many clients around the world as a Realtor, Real Estate Broker, Real Estate Investor, Mortgage Broker and Real Estate Trainer.

Pros and Cons of Owning a Vacation Home

A vacation home is a second home as a supplement to your permanent home. As an owner of two vacation houses I can introduce you to a number of aspects that will help you getting your dream vacation real estate with lasting pleasure for yourself and your family. In fact when you read this easy list you will also get an impression of the pros and cons of owning an extra home for vacation.

Some of the same aspects of buying a vacation home are exactly the same as for buying a permanent home.

Price and running expenses of the vacation home

For most of us the price when we buy a home and the costs through the year are obvious and important limitations to take into account. Make sure to think through what you can afford now and what you can afford when you retire if that is in the horizon.

The most important aspect of a vacation house

If you ask a real estate dealer about the three most important aspects when you are searching for a new house he will say: 1. Location, 2. Location and 3. Location.

Think through what will that mean for you. When you get a home for vacation you might be able to improve it and make it bigger and better. But you cannot change the location for the same house or vacation flat.

Many will summarise it in the way that it is smarter to buy a not so super vacation home in a super nice location – than the opposite.

The style of the vacation home

As we already have 9 grandchildren from our four children we gave a high priority to our vacation houses that could accommodate everybody. Not in a luxury way but in a functional way. Other couples might be more focussed on having a more luxurious living space for themselves and say two friends on overnight stay or the like.

Other families might be more focussed on finding a rather simple and basic accommodation that is not demanding in anyway but which might have a rustic appearance.

Facilities at the vacation home

If you go for a vacation house far away from other people the facilities in the house might be quite simple and primitive. You might not even have running water and toilet facilities.

In such a place it will also be a challenge to get help from professionals when you need repair and service. On the other hand such a house might be rather cheap to buy.

How often will you or family members use the vacation home?

Be realistic and calculate how often you and your family would actually be able to make use of it when you think of your checklist for reflections before you buy an extra home for your leasure time. A vacation house or other vacation home must not develop to be a burden in daily life. Difficulties and expenses going there should be a part of your calculation, but also your ideas of alternatives like going abroad on vacation.

Can you make use of the vacation home in the way you want?

Finally you should think over and discuss in the family which kind of activities you want to have as options when you search for a vacation house or flat. Some families are very focussed on skiing, others on swimming and sun bathing on a beach, others on wildlife experience and others again on hunting. If you have teenage children ask them what could attract them and expect to let them bring a classmate or other guest with them when staying on vacation.

Summing up the pros and cons of owning a vacation home

Pros of a vacation home

You will have the ability to escape from your daily duties and exchange your home environment with something different that might reduce stress and improve your feeling of being on vacation.

Often you will combine your trips to your sparetime home with social activities like inviting friends and family members. Your guests will often think back of such visits with much more satisfaction and pleasure compared to normal social gatherings in your permanent home.

Your children will get a wider horizon by being familiar with another location than their daily surroundings.

Cons of a vacation home

A vacation home is an extra burden in economy and daily management.

It might limit your access to travel to new places and to experience unfamiliar sightings and cultures.

It might generate some discussions in the family when to go and when not to go. You might experience clashes between your dreams of going to your vacation place and to fulfil expectations to stay home and be involved with other activities, e.g. birthday parties of friends etc.