Make Your Vacation Home Work for You

Living Room in Vacation Home

A vacation home may be more affordable than you think. It can be daunting to dive headfirst into the world of real estate investing, but buying a vacation home has changed rapidly in the last few years. It is probably the easiest way to enter the real estate investor business. Below is a list of some of the benefits you should consider when thinking about an investment in the Sunday River area.

 

  1. Your Sunday River home is not only a real estate investment; it is a lifestyle investment too. Most investment properties are rented out long-term and will not give you this advantage. A Sunday River property—both a second home and an investment—is almost too good to be true!
  2. You can generate income on a steady basis by renting out your home to guests when you are not using it. The money you make can help pay the mortgage and other expenses, such as property taxes, insurance, maintenance and repairs.
  3. Your home’s long-term appreciation is another way you will make money: your vacation home will increase in value over time and you will be able to cash in on the profit. If you choose to make modifications and improvements you can make even more money.
  4. You can benefit from the tax deductions a second home provides. We recommend that you work with your accountant to make sure you take advantage of tax deductions and properly report income.
  5. You will be taking less risk by purchasing a vacation home than you would with other types of real estate. The Sunday River area is a top tourist destination, resulting in high occupancy rates and high rental rates.
  6. Vacation home rentals are easy to manage in the Sunday River area. We will work with you to find the right vacation rental management service that is a perfect fit.
  7. Once you have decided that a vacation home is right for you, contact Sunday River Real Estate. Our experienced team will take you through the seamless process.

Stop by our office in the South Ridge Base Lodge to find out why so many people are buying a vacation home as a real estate investment.

 

About the Author

Working in real estate has given me the opportunity to share this special place. I am honored to offer my sellers and buyers the knowledge I've gained from years of real estate experience, but more importantly, to share their passion for the ski resort and the Bethel area. Whether you are buying or selling, I will communicate, advocate, and share my expertise. I fell in love with Bethel as a Gould student athlete, but I grew up skiing the slopes of Sunday River and Mt. Abrams with my family every weekend,  and it's where I learned to ski at four years old. Skiing as a family was a choice my parents made and one of the reasons we moved to Maine.

I started my real estate career in 2000, and have built and sold several homes in the area. I currently live in Bethel with my daughter, Charlotte Lambert. She attends Gould Academy and among her many interests is a passion for ski racing. She is learning the student athlete balance and a love for the outdoors. 

We are the official real estate company for Sunday River, and in turn, we have the largest marketing base of any real estate company in the area. We cover the entire western Maine mountain region, selling homes, land, waterfront, house packages, commercial, and seasonal rentals. The ski industry and Sunday River move at a fast pace. Working with Sunday River Real Estate affords our clients the most up-to-date information about the resort. For expert knowledge of resort changes and real estate developments, please join our newsletter. I look forward to working with you!


Sunday River Real Estate 15 South Ridge Road, PO Box 4500 Newry, ME, 04261 P: 207-824-5051 F: 207-824-5053 [email protected]