Things to Consider When Funding For Resort Properties and Vacation Homes

For people working hard, playing and vacationing harder seems to come naturally. Vacationing in a relaxed milieu surrounded by pristine nature rejuvenates the body and the mind. Therefore vacationing has become an essential activity pursued by most of the busy people in our country. After shuttling between office and home for months, busy executives and entrepreneurs look forward to the much needed vacation breaks and welcome those with joy.

A typical vacation requires a lot of advance preparations such as: bookings and reservations of plane tickets to the vacation destination and arranging accommodations. Enjoying a vacation involves smart planning. Owning a vacation home is definitely a part of that smart plan as it takes care of the most important item of a vacation plan – accommodations.
Vacation homes are preferred because:

o After all it’s a real estate investment and if done wisely can turn into an income yielding financial asset.
o It allows going on a vacation whenever the mood strikes, without waiting for reservation confirmations.
o There are a host of tax benefits that can accrue to a vacation home owner.
o Appreciation in the property value can result in a sound investment.
o Owning a vacation home means never having to perform major packing and unpacking chores interfering with the enjoyment.

Colorado Vacation Home Loans
A second home or a vacation home is not the topmost priority of an average American household. But still it enjoys an importance that is hard to ignore. The year 2005 witnessed a steep increase in the number of people buying second homes. The year proved to be hot for second homes with a 39% of all transactions accounting for second home purchases.

Despite the appreciation in the prices, an increasing number of people are buying second homes for vacation or retirement. According to a survey conducted by the National Realtor’s Association nearly seven million vacation homes now exist in the USA and it is projected that more than 30 million people will buy vacation homes in the next decade. The easy availability of home loans is the reason why owning a vacation getaway is not an impossible dream that is just meant for the wealthy. Funding of resort properties and vacation homes has become easier than they were a decade ago.

Ideally, vacation homes should be situated within 2-3 hours drive from a major metropolitan area as longer drives could be tiresome and take the fun out of vacation. They should be situated near a lake, overlooking an ocean, or providing a vista of the mountains. The benefit of buying vacation homes around these natural beauties is that as their rates are likely to appreciate in the future or at least very unlikely to depreciate if not appreciate greatly. Of course, most of these resorts feature amenities such as Ski Mountains, golf courses, bicycle and hiking trails, and other outdoor sports.

And when it comes to buying resort property or vacation homes nothing beats the states of Washington, Idaho, Montana, Wyoming, and Colorado. Moreover Washington, Idaho, Montana, Wyoming, and Colorado construction home loans are easy to secure with a down payment as little as 5%. The interest rates are the same as first home loans, in most cases.

Colorado offers an amazing variety of vacation ideas. From watching bald eagles in one of the national forests to motor cycling across the state – the idea of a vacation in Colorado is exciting and refreshing. Therefore Colorado figures as one of the most preferred states for vacation home buying. Forbes magazine reports that Eagle, Colorado is becoming popular with vacation home buyers. Eagle, Colorado is preferred by people who love to ski but do not wish to be in a skiing town such as nearby Vail or Aspen. The property prices here range from $350,000 for townhouses to $1.5 million for single family homes.

Fixed rate mortgage, adjustable rate mortgage, and interest only programs – Colorado condominium loans are available in various forms. Keeping pace with the latest trends in real estate market Colorado also offers condotel home loans where the owner can earn rental income when not using the luxury hotel suite property. Other vacation home buyers unwilling to own a home solely can consider Colorado fractional loans. Constructions loans in Colorado come loaded with so many options that a vacation home buyer really has a plethora of choices.

Securing Your Property With Home Security Cameras

Many homeowners are taking charge and implementing safety and security measures on their property today. Most of us have neighbors with cameras strategically placed above garages or on the perimeter of their property, advertising that unwanted guest are being watched. The growing popularity of security systems and equipment is testament that property owners are taking their safety more seriously than ever.

Although no system provides a 100% guarantee of protection, at least a level of peace of mind is attainable with a little effort. Home security cameras offer a sense of security and help you and authorities to track any unauthorized activity on your property.

Sometimes, just the presence of a camera or sign proclaiming the home’s security system is enough to sway a burglar away from your home. Additional inexpensive measures may be taken by installing separate window and door alarms to alert you to someone entering your home.

When the kids are off of school and vacation time rolls around, we sometimes forget to ensure the safety of our home as we know it. Security cameras and door and window alarms will help to alert neighbors and record activity while you’re away. These precautions may also allow you to sleep a little better when in an unfamiliar location.

Business owners also take an active role in securing their property with these high-tech cameras, and sometimes implement wireless equipment and surveillance systems. Professional offices, housing complexes, retail shops and government buildings all employ the use of these surveillance systems which may be remotely viewed.

Crime levels and occurrences of robberies are ever-increasing, and thieves are becoming more brazen and blatant in their attempts. Home and business owners must therefore take responsibility and do everything in their power to prevent crime and identify perpetrators.

Night vision surveillance cameras are also frequently used. Pictures may be taken automatically by programming a still digital, or continuous feed video may be recorded. Many models available today will only record when they sense some type of movement to save energy.

Business owners further realize that late-night visitors will feel more secure in doing business at their location when surveillance cameras are posted throughout the property and parking area. Car thieves and would-be wrongdoers typically exercise restraint in these areas.

Security cameras are also quite user-friendly. Recorded video and pictures may be remotely viewed when it is most convenient, or recalled when an incident takes place. Not only does this aid authorities in catching the suspect, but it allows you total control over guarding your property.

These pictures and video are typically retrieved by plugging the camera into your computer, television, or DVD player. They may also be programmed to be waiting for you in your email inbox on a scheduled interval with some models.

After viewing your pictures and video, you may choose to erase them or make a copy for future reference. Night vision cameras may also be used during the day, so you receive more options in one piece of equipment.

Buying Property in Today’s Economy – Ensure Quality Through Building Analysis and Home Inspection

Smart investors are eyeing today’s real estate market as a potentially lucrative venture; prices are down and mortgage rates are low, so there are some real deals on the market. But if you’re looking to capitalize on the down economy by buying property at reduced rates, be sure you know what you’re getting before you complete the purchase. Building analysis and home inspection can help insure that your new property is the great investment you think it is.

Home Inspection

Home inspection has always been a component of smart house-buying, but it’s even more important in today’s real estate market. Whether you’re buying a new home for your family or are purchasing a house as an investment, you need to know what condition the building is in. If nothing else, a home inspection can help you determine if that fire-sale price is because of the economy or because there is something seriously wrong with the structure.

A home inspection is a visual inspection of all systems and components of a building that usually takes place to satisfy a contingent offer on a property. If the house is in the condition that the seller advertised, the sale typically goes through; if not, the offer can be renegotiated or withdrawn. The inspection will include assessment of structural elements, plumbing, wiring, HVAC systems, roof, and exterior. Having a house inspection prior to purchase is important because even if the building looks fine to you, it may have defects you are unaware of. A professional, licensed home inspector knows what each system and component is supposed to look like and can accurately identify any issues that exist.

To ensure quality, contract a qualified, licensed home inspector. While it may seem almost impossible to accurately assess the hundreds of items in a home, a qualified property inspector is equipped with the specialized knowledge to correctly evaluate the structure. He or she will be able to efficiently and effectively inspect the construction and condition of a home so that you can make an informed decision about purchasing it.

Commercial Building Analysis

Building analysis is important if you are considering buying an office building, apartment complex, or other commercial structure. These analyses can evaluate compliance with state, federal, and local regulations and are usually provided in addition to standard inspections regarding the soundness and integrity of the building. Building analysis is useful for determining if renovations are required and whether the structure is suitable for its intended use. Some types of building analysis include:

* Zoning
* ADA compliance
* Building code
* BOMA standards
* Site analysis
* Parking analysis
* Sun and shadow studies

When you have a complete analysis before buying a building, you can assess income earning potential as well as evaluate the cost of renovations or modifications necessary to meet code, ADA standards, or other legal requirements. Thus, a building analysis can help identify just how great an investment a particular building is and help you make an educated decision about the property.

The affordable prices and low mortgage rates available today make real estate an attractive option for investors as well as home buyers. However, ensure that you don’t get burned by opting for a thorough house inspection [] or building analysis prior to purchasing. With this information in hand, you can make a great decision about buying property in today’s economy.