Blog :: 2019

Buying the Right Vacation Home on Martha's Vineyard

Martha's Vineyard Vacation Home Edgartown MAIf you’re thinking about buying a vacation investment property on Martha’s Vineyard, here are some tips on how to select the best vacation home for you.

What type of landlord do you want to be? Do you want to be an investor landlord who rarely or never uses the property? If so, you’ll want to look for an investment property with high income producing capabilities. Or maybe you’re already a regular vacationer on the Vineyard and want to use the home a couple of times a year, share it with friends and family, and have the option of renting it out. If you plan to retire on Martha’s Vineyard, you’ll want to take advantage of the real estate market, interest rates, and your financial status. In the meantime, you can either use the property when you’re on vacation or use it solely for rental income to build equity.

How much house can you afford and do you need cash flow right away? Are you in the market for a cozy summer cottage, luxury oceanfront property, or maybe something in between? Be sure to take into consideration the additional costs for maintaining the property, the current condition of the home, and any immediate needs for repairs. If you’re going to rent out the property, ask your real estate agent to pull some comparable rental rates. 

If you have any questions about buying a Martha’s Vineyard vacation home, contact Ocean Park Realty. We can help you make the most of your real estate investment and share our local expertise with you.

    Comments

    1. No comments. Be the first to comment.

    360 Property Tours on Martha's Vineyard with Ocean Park Realty

    Ocean Park Realty is pleased to offer 360 virtual video tours to home sellers on Martha’s Vineyard. Real estate video marketing is a powerful visual motivator and 360 tours are the next best thing to showing off your house in person. Homebuyers really like 360 videos because they feel like they are inside the property and it gives them a more personal experience. Buyers are able to get a better understanding of the layout and design without physically walking through the house, and it gives them the opportunity to view your property on their own time and at their own pace. A 360 degree video is like having a permanent open house online, which helps you showcase your home virtually anywhere to prospective buyers who may not be able to see the home in person. View our featured Martha's Vineyard property videos.  


    Thinking about buying or selling a home on Martha’s Vineyard? 
    Contact Ocean Park Realty today! We’re happy to share our local expertise with you.

      Comments

      1. No comments. Be the first to comment.

      Custom Oak Bluffs Home with Spectacular Water Views

      15 Dover Street, Oak Bluffs, MA
      Contemporary Design on Beautiful Landscaped Hilltop

      15 Dover Street, Oak Bluffs MA
      Water Views on Cape Cod

      This beautiful home is in pristine condition and provides amazing views of Vineyard Haven Outer Harbor and Vineyard Sound. Interior features include a spacious open concept, quality custom finishes, designer furnishings, 5 bedrooms (2 master suites), 4 marble bathrooms, and a gourmet kitchen. The property has multiple private balconies, 3 porches, and a pond. This unique location offers an excellent combination of privacy and accessibility.

      View the complete listing for more photos & information.

        Comments

        1. No comments. Be the first to comment.