Vacation Home, Investment Property All In One
Monday, January 30th, 2012Not long ago some friends asked me whether owning my lakefront home was worth the extra cost given the amount of time spent vacationing at the property. My response was yes, because it costs a lot less than you might think. As my friend pointed out it is precisely the fact that we are not always there that makes the difference.

You see, lakefront property or ski homes can have a higher initial price tag, costing up to double or more than a principal residence but you may reside there for only a few weeks per year. The trick is to look at the property as an investment property and rent. Of course this scares some people, who have no desire to be landlords. Often, however, that doesn’t need to happen. Many vacation home properties have onsite rental programs, for example properties associated with Attitash Mountain Village can be included in the rental program there. If your vacation property isn’t part of an association with a rental program prime vacation regions like the Mount Washington Valley have plenty of property management companies that can take care of business for you. Of course we would be more than happy to help you put together a plan that will change the bottom line and bring that vacation home well into your budget.
JtRealty specializes in vacation properties at Attitash Mountain, Mount Cranmore, Conway Lake and Hale’s Location Country Club. Let us know if we can help you.
-Rick
The naming of Hale’s Location dates to just prior to the American Revolution when King George III of England through Governor John Wentworth established several land grants in New Hampshire. In 1771 one of these grants was given to Major Samuel Hale for meritorious services to the Crown during the French and Indian War, known in Europe as the Seven Years’ War or King George’s War. As an officer in the New Hampshire Provincial, Hale participated at the siege and conquest of the Louisburg Fortress which guarded the St. Lawrence Bay and River at Cape Breton, Nova Scotia.
The original tract of land (Hale’s Location) he received from King George III was over 1200 acres and adjoined North Conway, Albany and later the White Mountain National Forest. Accepting the grant was not without obligation. Certain duties and responsibilities came with it. He was the representative of the Crown in maintaining the land and for the people who lived there. It was his job to collect a “Head Tax” or “Poll Tax” to be sent to the King of approximately $2 for each resident. In addition, he was to record all marriages, births and deaths, to cut and maintain a road through the area, to settle or cause to be settled the land, and to make trees available to the Royal Navy for ships’ masts. A copy of the original charter is in the States Archives in Concord, NH.
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