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Investing in a weekly rental cottage? Not so fast...

If you are looking for a vacation rental, look no further than Olde Cape Cod. However, if you are looking for a year-round rental, you are in for a long search. County-wide, almost 40% of homes are used asseasonal or second homes, and in some towns (like Dennis), the number is over 50%. Of these, nearly all are rented out on a weekly basis to the droves of vacationers that visit the Cape every year. This emphasis on weekly rentals leaves a huge market open for year-round rentals. Tight lending practices and low home inventory have characterized the Real Estate market over the last few years, leaving many homebuyers (especially first-time homebuyuers) in the rental market for longer than they would like. These are often highly qualified renters who are able to pay premium rates for a good quality home.

If you are considering buying an investment property here on the Cape, don't immediately assume it has to be a weekly rental. Weekly rentals are part of a highly competitive market with high overhead in the form of cleaning fees, brokerage costs, advertising, and utilities. Year-round rentals can prove an extremely wise investment both in the short- and long-term.

As always, if you are interested in buying an investment property on the Cape, give us a call any time to discuss your options. Whether it's a vacationor long-term rental investment, we are here to answer your questions and help you decide on a course of action that will maximize your investment and help you to meet your long-term goals.

We look forward to hearing from you!

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Client Testimonials

 Ed and Agnes are thoughtful, insightful, and responsive Realtors®. We have used their services many times--both selling and buying property--over the last 15 years. We have also referred them to other people, many times, with great results. They are completely reliable and trustworthy (as well as being highly organized) and they know the market well. We recommend them without reservation to anyone. 

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