Gulfcoast Getaway: Top Tips For Buying A Vacation Home

Casey Key, FL

Our incredible Gulf Coast region attracts homebuyers and sellers from all over the world. The year-round sunshine, beautiful beaches, world-class golf courses and respected arts scene offer a truly unique place to own a home – whether settling permanently or purchasing a vacation escape.

In 1910, Bertha Palmer, a Chicago socialite and philanthropist, built a winter home in what is now The Oaks Club. Mrs. Palmer inspired her wealthy circle of friends to do the same, establishing Sarasota as a premier setting for a second residence. Ever since, people have been discovering the Gulf Coast lifestyle and purchasing the real estate here.

According to the National Association of Realtors, sales of second homes increased by 10 percent between 2011 and 2012; another indicator of the ongoing market recovery. If you’ve been thinking about a secondary residence in the Sarasota area, here’s a few considerations:

Pride of Place 

– As we said recently in our neighborhood tips post, the real estate adage “location, location, location” holds a lot of truth – even more so when it comes to vacation homes. Make a list of your ideal daily activities, and check out the best areas in which to do those things. If a round of golf every day is top of your list, Lakewood Ranch could be the perfect place for your second home. If you picture yourself sinking your toes into the powder white sands of Siesta Key, consider a villa on the island. Your Michael Saunders & Company agent can help you navigate the options.

Savvy Investment 

–  Consider the rental potential – homes close to the beach are among the most desirable locations in the world for vacation rentals. If the idea of a little extra income from renting your second home appeals to you, you may want to check out the amenities in the community. According to a recent survey by TripAdvisor, 41% of travelers believe that vacation rentals have better amenities than hotels.

Smart Spending 

Set your budget, and stick to it.  Have a clear idea of how much you want to spend on your second home. If you’ll be counting on rental income in order to qualify for a mortgage, the home will be viewed as an investment property and may be subject to higher mortgage rates than normal. It sure is easy to get carried away with the incredible options in our area, so trust your MS&C agent to connect you with the best properties to suit your budget.

Be sure to browse the Michael Saunders & Company website, where you’ll find a vast array of beautiful Sarasota homes for sale. In the mean time, here’s a couple of options for that perfect home away from home.

This luxury homes for sale is located on the exclusive north end of Siesta Key, presenting Sarasota waterfront living at its finest:

Siesta Key, Sarasota, Real Estate

This Roberts Point Rd. home has Sold.

Roberts Point Homes for Sale, Sarasota

Roberts Point – Siesta Key Incredible water frontage at this Roberts Point Rd home, Sarasota

If you’re looking for something close to challenging golf courses and community amenities, how about this beautiful contemporary home for sale in the Lakewood Ranch Country Club:

Lakewood Ranch

Lakewood Ranch Homes This Latrobe Ct home has Sold.

Lakewood Ranch Homes for Sale

Championship Golf Course at Lakewood Ranch Country Club

Now that we’re all dreaming of our next Gulf Coast getaway, what would be top of your list for a vacation home?

Share your thoughts, leave a comment!

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