Infographics: Vacation and Investment Property Owners Plan to Rent Out Homes, Say Realtors®
WASHINGTON, July 2, 2018 /PRNewswire/ -- More vacation and investment property owners plan to rent out their homes as short-term rentals in 2018 than in 2017, according to research from the National Association of Realtors®.
NAR has created two infographics highlighting short-term rental activity and demographic information of investment and vacation property owners. Twenty-five percent of those with vacation properties and 24 percent with investment properties rented their property as a short-term rental in 2017, and 30 and 32 percent, respectively, plan to do so in 2018.
Here are some more highlights from the research:
- The median square feet of investment property and a vacation home is 1,500.
- Forty-five percent of investment buyers bought their properties to generate income through renting, as opposed to flipping or seeking price appreciation.
- Forty-two percent of investors and 39 percent of vacation homebuyers paid in all cash.
- A majority of vacation and investment properties owners (72 and 71 percent) believe that now is a good time to buy.
The National Association of Realtors® is America's largest trade association, representing 1.3 million members involved in all aspects of the residential and commercial real estate industries.
Information about NAR is available at www.nar.realtor. View all of NAR's infographics at www.nar.realtor/infographics.
For further information contact:
Jane Dollinger, 202/383-1042
[email protected]
SOURCE National Association of Realtors
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