Owning a vacation home is not just so you have a place to go when you want to get away. It’s an investment in your future, one that can generate revenue for you.
How?
Through the millions of people who travel and don’t want to stay in a hotel. In fact, the vacation home industry is the fastest growing segment in the national lodging industry. From 2009 to 2010, the hotel industry grew just 0.7 percent during the heart of the nation’s recession. However, during that same time frame, vacation home rentals grew by nearly 7 percent!
Concerned about not having enough rental income to pay the mortgage? Don’t be. A professional management company works to market your home. And incomes for a Formosa Gardens Home can generate $800 a night in the off season to $2,000 a night during the high season. Some owners have historically grossed $450,000 per year in rental income.
A Formosa Gardens Home, with 8 bedrooms and 10 bathrooms, is not just a home, its really a six-star hotel. After all, there’s more comfort, luxury and quality in a Formosa Gardens Home than in the world’s top hotels.
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