Buyer Motivation and Expectations: Vacation Properties vs. Investment Properties

To use for vacations or as a family retreat

Vacation Properties - 89%

Investment Properties - 19%

To rent to others

Vacation Properties - 25%

Investment Properties - 59%

To diversify investments/good investment opportunity

Vacation Properties - 29%

Investment Properties - 44%

To use as a principal residence in the future

Vacation Properties - 26%

Investment Properties - 8%

For a family member, friend or relative

Vacation Properties - 13%

Investment Properties - 18%

For the tax benefits

Vacation Properties - 14%

Investment Properties - 14%

Because the buyer had extra money to spend

Vacation Properties - 6%

Investment Properties - 6%

Source: 2010 NATIONAL ASSOCIATION OF REALTORS® Investment and Vacation Home Buyers Survey

Considering purchasing a second home? Contact Lee Hisey, Second-Home & Resort Property Specialist at 1-800-974-5184 or RealEstate@HiseyGroup.com