Summer in New England is approaching and we can’t wait to get back to some of our favorite summer destinations! Having a place to call your own in a vacation hot spot like Cape Cod or Nantucket can make escaping the city all that much easier as the warmer months roll around and everyone is scrambling to get away! But, knowing
whether to buy or rent a summer home can be a daunting decision. Having an idea
about what it takes is essential!
The Yates Team Top Spots to Buy
Summer Homes in New England
Let’s start with where to buy, here
are some of our favorite locations within a 2-4 hour drive from Boston.
- Nantucket Island
the southern coast of MA, Nantucket was historically a whaling port. However,
it has since been transformed into a luxurious summer getaway and, being an
island, it is more remote and exclusive than other Cape Cod destinations. As with
many local vacation destinations near Boston, Nantucket has seen an increase in
demand from both vacation home buyers and renters since 2020. Nantucket has
everything to offer when it comes to being a vacation destination: from
relaxing on the beach to exploring some world class dining options like Le
Languedoc Bistro or the cute boutiques across the island. Nantucket has long
attracted famous visitors, including President Biden. The Biden family has made
this visit almost annually since 1975.
- Martha’s Vineyard
Sitting just south of Cape Cod and to
the west of Nantucket is Martha’s Vineyard a long time New England summer
colony with harbor towns and lighthouses, sandy beaches and farmland! This
island is only accessible by ferry or air! The island is known for its iconic
Carpenter Gothic cottages and fun summer activities like the Martha’s Vineyard
Fair and of course wineries!
Martha’s Vineyard also hosts its fair
share of famous visitors, not least of which has been President Barack Obama,
who vacations there with his family and even held his 60th birthday
party on island.
When is the best time to buy a summer
the best time to buy is when the for-sale inventory is at its peak - generally around July – so you get the most options.
It’s also a good time to come to look so you can see what your chosen
destination is like during the peak of the season. A good buyer’s agent will be able to help you
find the perfect vacation home!
Buying vs Renting a Summer Home in
- Buying your own vacation home has the obvious
upside of always having a place to relax not only during the summer months but
all year round. We recommend buying a 2-4 hour drive from your home so it's
always easy to get there.
summer home can not only become an investment property for your future (think
retirement!) but can also generate some rental income when you are not around –
especially during the peak season.
summer home can help you build wealth as real estate values tend to increase over
- If you
still aren’t quite ready to commit to a single summer destination, renting is a
great way to go. You can explore all the best New England summer spots before you
commit to buying.
- Renting a
summer home is more flexible, and there is much more freedom. You can quickly
move out of the home, especially if you have a monthly lease.
and maintenance are not your responsibility. Your landlord gets to take care of
that, which means no extra cost.
We want to
make this decision easy for you whether you choose to rent or buy! The Yates
Team is here to help you make this process seamless. We'll help you locate the
perfect summer home in the best location for you. Reach out to our seasoned,
competent, highly responsive, and knowledgeable team whenever you're ready!