Baby Boomers and Second Homes

(From an article by Jim Woodard)

Baby Boomers are particularly active in aquiring second homes, says a study by the National Association of Realtors (NAR). Overall, about 5 percent of all Boomers own one or more second homes. For Boomer households with annual incomes of $100,000. or more 11 percent own second homes. Among all Boomers who own these properties, 88 percent own one unit and 12 percent own two or more, said the NAR report. Sixty two percent of second homeowners spend 3 to 10 days per visit at their vacation home.

If you are interest in purchasing a second home with an eye toward renting it when you are not using it, pick a location that has strong appeal to a wide range of vacation minded individuals and families - not just meeting your own special interests.

My note-The Florida Keys is one of the most popular winter time destinations. We have boating, fishing, diving, snorkling and fabulous winter weather.

Summertime brings Floridians from hotter parts of the state who wish to enjoy our ammenities with our cooling summer breezes.

Looking for a second home in the Keys? Call me at 877-I Call KD. 877-422-5553