Lake Tahoe Second Home Trends
There are many factors driving the purchase of second homes around the world. More and more families have dual incomes and are inheriting the extra money that allows them to purchase a vacation home. The Baby Boomers are also retiring into resort markets and the echo Boomers, or children of the Baby Boomers drove another boom in births that has resulted in higher demand for vacation properties. Parents are seeking the quality of life that offers their children what they experienced when they were young. Ski homes or second home properties situated on or near Donner Lake and Lake Tahoe offer this type of family retreat.
In Lake Tahoe, we are also seeing many foreign investors in our market and the strong sales and low inventory reflect the demand for homes. Because available lots and building opportunities have decreased, existing homes are high in demand. The ability to rent vacation homes easily because of internet trends is also driving more purchases of second homes. There has never been a better time to purchase a retreat for your family.
Whether you are looking for solitude, amenities like golf, skiing and hiking, there are many communities in Truckee and North Lake Tahoe, and each offers something unique. Some neighborhoods offer access to piers and beach amenities so it is important to work with a realtor who has an understanding of the property and the amenities associated with it.
Things to consider when purchasing a vacation property include maintenance and proximity to amenities. Owning a home may require more upkeep than purchasing a condo. Also, if you are looking to build your dream retreat, locating available lots will depend on which part of Truckee or Lake Tahoe you like and availability. Many homes are located near national forest and hiking trails. Home styles range from Old Tahoe to modern designs. Some areas located near ski resorts will have more snow than others. All of these things should be considered when deciding on a purchase.
Just like your primary home, owning a vacation home is an investment. I can help you find the exact property that will fit your needs. Contact me today!