There’s a new trend among the baby boomers when it comes to vacation or retirement homes. With a more cautious approach towards the future, they are downsizing to preserve their retirement savings. Their savings have been depleted during the current recession due to the instability of the stock market.
Today’s vacation home will become their savings, an asset that they can cash in should they need more cash flow in later years. Many of these second homes, purchased with cash can be converted into investment properties and used as retirement income streams.
As you approach retirement, it’s far riskier in today’s market to have two hundred thousand dollars in mutual funds or a 401K than in a home purchased with cash. Property values are expected to steadily increase over the next twenty years.
Builders here in the mountains are taking note of these trends and building smaller, more efficient homes. Check out communities like THE MEADOWS and FOXRIDGE on our Exit Website (www.exitmurphy.com) . With complete home and land packages starting under 100K, the demand for stylish vacation style homes has been brisk.
Murphy is located in the most western corner of North Carolina. We are approximately two hours from Chattanooga and Atlanta. If you enjoy the outdoors Murphy has so much to offer. We have several lakes and rivers for fishing, boating, kayaking or just being lazy floating down the river in a tube. We are located within 20 minutes of the Nantahala Gorge going east and 20 minutes from the Ocoee Gorge going west. There are lots of hiking trails to enjoy Mother Nature. There are also very nice restaurants here that serve everything from steaks to fresh caught fish. If you like sporting events we have several establishments in town that show the all important game on their big screen while you enjoy your favorite beverage and wings.
Murphy NC Real Estate Sales and Service - Corky Vetten Realtor Exit Realty MVP and Kathy Vetten RealtorExit Realty MVP are one of the leaders in marketing mountain properties. We specialize in assisting buyers and sellers investing in Real Estate in Western North Carolina and North Georgia, including the towns of Murphy, Andrews, Hayesville, Ellijay, Blairsville, Blue Ridge and the surrounding areas. Call Kathy at 828-361-0360 or Corky at 828-361-0358.
If you would like more information, please Contact Corky Vetten at www.exitmurphy.com or www.corkyvetten.com or Kathy Vetten at www.exitmurphy.com or www.kathyvetten.com for all your Real Estate needs, Corky Vetten / Broker-CRS or Kathy Vetten / Broker-CRS. Call Toll Free # 877-837-2288- Murphy NC REAL ESTATE TOOLS AND SOLUTIONS - Corky Vetten or Kathy Vetten Brokers / CRS - Exit Realty Mountain View Properties or visit our web sites at www.corkyvetten.com or www.kathyvetten.com