Second home
According to the National Association of Realtors, vacation home buyers are a median age of 55, while the typical primary home buyer is 39 years old. Most want a home within 200 miles of their primary residence. Primary home buyers are looking for curb appeal, good school system, and proximity to work but vacation home buyers focus on amenities, such as recreation opportunities, climate, and convenience.
You may think most vacation homes are resort-like get-aways. However, a city condo may be a suitable vacation home for those who live in the suburbs in the boonies. Having a condo in the city allows them to enjoy the entertainment and excitement, and to visit friends who live in the city, rather like an adult retreat.
Sound tempting? Start looking into areas that will suit your fancy.