How Much Vacation Home Will $150K Buy?

The same market conditions that are making affordable homes household words are also creating bargains in the vacation home segment and, right now, the discounts can come with an added deal sweetener — timing.

by Broderick Perkins
© 2010 DeadlineNews.Com

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Deadline Newsroom - The same market conditions that are making affordable homes household words are also creating bargains in the vacation home segment and, right now, the discounts can come with an added deal sweetener — timing.

This year, more travelers are forecast to use vacation rental accommodations, giving vacation home owners a greater potential for a rental income bonus that could help offset the cost of the property.

“The median price is so low, it’s like getting in a time machine and going back 10 to 15 years. And with the ease of being able to rent it, well, it’s just a no-brainer,” to consider buying a vacation home as a rental property, said Christine Karpinski, vacation rental guru and author of “How To Rent Vacation Properties By Owner” ($26, Kinney Pollack Press).

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Broderick Perkins, an award-winning consumer journalist, parlayed 30 years of old-school journalism into a digital real estate news service, the San Jose, CA-based DeadlineNews Group, including DeadlineNews.Com, a real estate news and consulting service and Web site, and the Deadline Newsroom, DeadlineNews.Com's news back shop.

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Perkins is managing editor of HomeAway.com's Gulf Coast Response Center.

Perkins was the first Examiner to cover three beats for the Examiner.com news service:
• National Real Estate Examiner
• National Consumer News Examiner
• National Offbeat News Examiner

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