| Located just over two hours from New York and | | | | Numerous property management companies have |
| boasting a natural environment with wide open | | | | sprouted up in the last few years that can |
| spaces, and small friendly communities, | | | | assist you in establishing rental rates, |
| Hudson Valley is a popular choice for a | | | | screening tenants, marketing, and property |
| getaway vacation home. The current buyer's | | | | maintenance. Many homeowners prefer to employ |
| market has made it possible for more people | | | | their own cleaning people, and this can be |
| than ever to purchase an affordable 2nd home. | | | | very effective, but expect to go through a |
| | | | few bad apples before you find the right one. |
| The price for properties vary, but the rule | | | | It's always a good idea to be there during |
| of thumb is the closer go to New York City, | | | | the first cleaning so that you can establish |
| the more expensive the property. In the | | | | expectations and meet your potential |
| Hudson Valley, there are considerably more | | | | employees in person. |
| homes available in the $275,000 to $350,000 | | | | |
| range. If you're looking for a larger | | | | When choosing the area for your vacation |
| property or a big home with a view, then | | | | home, apart from price, you'll want to think |
| you'll be approaching the $350,000 to | | | | about the activities you enjoy. If you are a |
| $500,000 range. If you're seeking a country | | | | skier, check out Accord, NY set amongst the |
| estate or a renovated farmhouse this can be | | | | Catskill Mountains and conveniently located |
| had from $500,000 to $1 million (or higher). | | | | near the Belleayre Ski Center. |
| | | | |
| Deals can be found by purchasing a home via | | | | If you like being on the water, the town of |
| the foreclosure listings or the auction | | | | Esopus is set on the Hudson River, or High |
| route, but be sure to work with an | | | | falls built along the canal and famous for |
| experienced professional who can guide you in | | | | its antiquing, specialty shops and great |
| this process and ensure you have all the | | | | restaurants. |
| bases covered. | | | | |
| | | | Take small trips to many of these towns and |
| In addition to weekend homes, these | | | | see what area is the best fit for you. Decide |
| properties make ideal vacation rentals. If | | | | if your investment will be used exclusively |
| you live in New York City, the property is | | | | by yourself or if you'll be renting it out. |
| located close enough that you can make the | | | | If so, decide whether you'll manage the |
| occasional quick trip to deal with any | | | | property or employ the services of a property |
| maintenance issues that may come up. | | | | management company. Any good realtor will be |
| | | | able to assist you in this process. |