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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

Agnes, Thanks to you and Ned and Ed for all your support throughout this process.  You walked us through this process and were very patient with us every step of the way.  Your willingness to work hard on this sale, even when your experience told us we had priced the house too high demonstrated how professional you and your team are.  Your frequent communication and honest feedback was so important to us.  We knew that you were the right agent for us when we asked for your honest opinion, before we signed a sales agreement, on what the house was worth.  You came back with a figure that was less than we hoped, but right on the money.  Other agents gave us inflated unrealistic figures. Agnes, you deserve to go around telling the doubters, “I told you so.”  They thought there were too many problems with the house for it to sell.  You proved them wrong and sold it in less than 60 days - not the 500 we were prepared for.   Thanks for everything.  We’re coming to you for our next move - hopefully it will be awhile :)  

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