Buying a vacation home in Jupiter Florida

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August 29, 2009, by Mary Hester in Tips for Home Buyers

If you've long dreamt of owning a beach house, country cottage, condo or other second home to while away your leisure time, stop dreaming. With mortgage rates down and resort-real-estate prices depressed because of worries about possible changes in the tax treatment of vacation get-aways, this may be the best time in years to hang out that "Home Sweet Second Home" sign on your new vacation home in Jupiter Florida.

Contrary to the popular image of a second home in Jupiter Florida as a luxury that only the rich can afford, a weekend or vacation retreat in the U.S. is within financial reach of many middle-class families. There are about 8.2 million second-home owners in this country, the National Association of Home Builders reports. According to a study by the Scott Company, a Kiawah Island, S.C., management consultant, the average value of all types of second homes nationwide is $125,500.

Location, always a key factor in the way real estate is priced, can count for even more when it comes to vacation homes in Jupiter Florida.

Experts say that the soundest investments in second homes are in Jupiter Florida where the supply of housing is limited. New golf courses and lagoons will always ready to be created. Anything that's near something man-made has a lesser potential for appreciation than anything that is close to a God-given feature.

Access to recreational facilities is another consideration in how resort homes are priced. Many developments are jammed with extras such as golf courses, tennis courts, swimming pools, hot tubs and health clubs.

Shopping for a vacation home in Jupiter Florida in many ways is no different from buying a principal residence. In either case, it's important to check the reputation of the builder and to price comparable homes. If you're buying a condominium, it's crucial to scrutinize the condo association's operating budget. There should be funds set aside for capital repairs, for instance. Some condo owners may scrimp on improvements, figuring they will have unloaded their units before a structural problem -- say a leaky roof -- becomes evident.

Since access to recreation rather than shelter is the main reason that many people buy vacation homes, keep in mind that factors such as the size of bedrooms may not be as important as they are in your primary residence.

Be sure to examine construction for both its quality and its suitability to the site.

Right now there is an excellent selection of condos for sale in the Jupiter Florida real estate market. You can obtain information on Jupiter FL condos for sale by visiting http://www.LivingInJupiterFL.com.

In the end, the kind of vacation home and setting in Jupiter Florida you want will be limited by what you can afford. But if the experts are right, the current combination of choice and price may not recur for quite a long time.

There is a lot of free information available to you about buying, selling or investing in Jupiter Florida real estate. For complete information about the Jupiter Florida real estate market including current homes for sale, property values and more please visit the most complete website online dedicated to everything Jupiter Florida real estate. So please feel free to contact me with any of your mortgage questions and I will me more than glad to answer you queries. Call me on my cell at or email me at Mary@MaryHester.com.

For complete details on everything Jupiter Florida real estate visit my website at: http://www.LivinginJupiterFL.com or call Mary Hester at (561) 632-7373.