Winter may bring cold and snow to many parts of the country, but it brings prosperity to certain real estate markets. Snowy towns offer lots of benefits compared to places that don't get hit by a white winter. This includes longer tourist seasons and high property value appreciation rates. As an experienced real estate agent, you know firsthand how beneficial investments in these types of locations can be for your clients. That's why we want to share some tips about what investors like most about buying properties in snowy towns --so you're better able to advise those looking for their dream winter home or investment opportunity!
Snowshoe, West Virginia
Snowshoe, West Virginia, fascinates real estate investors who seek out a rural area amidst winter activities. Those looking to live in Allegheny Mountains should take note of Snowshoe Mountain Resort. It offers over 60 trails across 257 acres and plenty of dining options. Median home price is set at just under $200,000. The cost of living is a staggering 22.1% lower than the US average, according to Sperling's Best. It's an attractive place for investment. With great skiing, Snowshoe is one town that snow lovers – and investors – know about beyond its promising location!
Poconos, Pennsylvania
The Poconos region in Pennsylvania offers some of the most affordable ski town lifestyle opportunities in the Northeast. With median home prices still under $300,000, it is an attractive area for investors to buy in. In addition, the area boasts a wealth of natural beauty and provides convenient access to several mountain peaks and skiing trails that are well-maintained and enjoyable for all levels of skiers. This makes Poconos the perfect place to invest. If your client is looking for a winter destination or rental property with an outdoor recreation appeal, Poconos definitely stands out.
Conway, New Hampshire
Are you thinking about investing in a snowy towns? If so, Conway, New Hampshire, should be your go-to spot. With its illustrious ski resorts, Cathedral Ledge State Park, and other attractions like Attitash Mountain Resort and New England Ski Museum, you are sure to be satisfied with your decision to invest in the small town of 10,340 people. The cost of living is 3.9% lower than the US average, making the town even more attractive for potential investors. Additionally, according to Zillow, the median home price is $371,517 – affordable indeed! From skiing to an increasingly affordable cost of living and overall economy, Conway offers everything any investor could want in a life-changing move.
Ludlow, Vermont
Investors have been flocking to Ludlow, Vermont, lately, and it doesn't take much sleuthing to understand why. The median home price is around $459,888. Some of the best snow in the region, Ludlow is attractive to winter sports enthusiasts as well as savvy investors. Besides its charming countryside setting, hikers will be pleased with the classic trails along the Black River. Shoppers can also visit local merchants in downtown Ludlow and discover a wide selection of intriguing souvenirs. With its high-quality services and low living cost, it's no wonder this small town has become a destination for those looking for the perfect winter getaway – and an ideal place for smart investments.
Girdwood, Alaska
Girdwood, Alaska, is a fantastic winter destination for anyone seeking some snowy fun. With Aleyska Mountain and its ski slopes, Winner Creek Trails to explore, and waterfalls, and Moose Meadows' cozy fireside lodge, there's plenty to offer to all sorts of travelers. No wonder it's so popular with investors! Located only an hour away from the Anchorage airport. Girdwood is becoming increasingly hard to resist when planning a winter vacation. Plus, the median home sale price in Girdwood is a reasonably low $508,051. If you're looking for your next big investment in a beautiful destination with plenty of winter activities, Girdwood has got you covered!
Final Thoughts
If your clients are thinking about purchasing property in snowy towns, know that they are not alone—lots of people are interested in these types of locations for their beauty as well as the potential to earn high rental incomes and ROIs. By understanding what investors like most about buying properties in these towns, you'll be able to better advise your clients on finding their perfect winter home or investment opportunity. Thanks for reading, and we hope this was helpful!
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