All the economic indicators agree that it’s a great time to buy a vacation home in Big Canoe.
The economy is improving and mortgage rates are still at historic lows. Housing prices are also improving, but slowly, and certainly not back to the peak prices before the bust. According the National Association of Realtors’ (NAR) 2013 Investment and Vacation Home Buyers Survey, the national median price of vacation homes was $150,000 in 2012, compared to $121,300 in 2011. Home values are rising, but they are still very attractive when you consider the median price in 2005 was $200,000.
Likewise, real estate prices in North Georgia are starting to recover. That’s why it’s a great time to buy a vacation home in Big Canoe now before prices go any higher.
There are many reasons people consider purchasing vacation homes. In the NAR survey, 80% of the buyers stated they wanted to use their vacation home as a family retreat, 27% have plans to eventually use it as a primary residence, and 23% plan to rent the property to others. Vacation homes were also considered to be a good investment by 23% of the respondents.
You might have similar reasons for considering a vacation home. Big Canoe, North Georgia’s premier resort community, can satisfy any requirement you might have. Because it has a mix of permanent residents, weekend owners, and vacationers, there are a variety of properties to choose from. Whether you have in mind a cozy cabin that will generate rental income, or a full-sized home for full-time living, or the perfect place for a weekend getaway, Big Canoe has it all.
Regardless of which type of vacation home you decide to purchase in Big Canoe, you can be sure that your investment will appreciate. The unique qualities that made Big Canoe the winner of the 2011 Community of the Year from the Greater Atlanta Home Builder’s Association will continue to attract future generations of home buyers. With mortgage rates low, prices affordable and a good selection, now is a great time to buy a vacation home in Big Canoe.