Thursday, July 22, 2010

What Makes a Vacation Cabin a Successful Rental Investment?

I speak with clients daily who all seem to be searching for the same property: A luxury log cabin with a great mountain view which is suitable for use as both a private getaway as well as a lucrative rental investment.

What Makes a Vacation Cabin a Successful Rental Investment?

For the most part, the North Georgia vacation rental market is glutted with "average" cabins. Buyers should be looking for a "special" property that will stand out from the crowd.

I suggest a cabin that is:

1) Within 10(+-) miles of town - The farther out you go, the more difficult it will be to find a property manager. It can also reduce your number of repeat & referral customers as it is inconvenient for them to get to stores and attractions.

2) Has either a beautful mountain view or is on good water (loud, visible and easily accessible) - A very secluded/private cabin is nice, but is not generally the first cabin requested.

3) A nice kitchen - As there are limited choices for eating out in most mountain areas, guests will use the kitchen quite heavily. If the cabin will sleep more than 4 guests, I would strongly suggest that you consider only cabins which offer a dishwasher.

4) Central heat & air is a must and paved roads are becoming a more frequently requested amenity.

The fact is that while many vacationers say they want to feel like they have experienced "roughing it in the mountains", they really do not want to be uncomfortable or inconvenienced at any time! In fact, our surveys showed that while on vacation paying guests expect their lodging accomodations to be "better than what they have at home".

Finding a cabin that meets your family's needs, but will also serve as a successful rental, can be tricky. Be sure that the agent you select to assist you has a FULL understanding of the vacation rental market in your area or your time and money can easily be wasted!

This North Georgia Real Estate blog is hosted by BERKSHIRE HATHAWAY Georgia Properties located in the quaint mountain town of Blue Ridge, GA. Please feel free to call (866-413-1781) or drop me an email if I can assist you with buying or selling your mountain home or property.

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