Investing in a weekly rental cottage? Not so fast…

If you are looking for a vacation rental, look no further than Olde Cape Cod.  However, if you are looking for a year-round rental, you are in for a long search.  County-wide, almost 40% of homes are used as seasonal or second homes, and in some towns (like Dennis), the number is over 50%.  Of these, nearly all are rented out on a weekly basis to the droves of vacationers that visit the Cape every year.  This emphasis on weekly rentals leaves a huge market open for year-round rentals.  Tight lending practices and low home inventory have characterized the Real Estate market over the last few years, leaving many homebuyers (especially first-time homebuyuers) in the rental market for longer than they would like.  These are often highly qualified renters who are able to pay premium rates for a good quality home.

If you are considering buying an investment property here on the Cape, don’t immediately assume it has to be a weekly rental.  Weekly rentals are part of a highly competitive market with high overhead in the form of cleaning fees, brokerage costs, advertising, and utilities.  Year-round rentals can prove an extremely wise investment both in the short- and long-term.

As always, if you are interested in buying an investment property on the Cape, give us a call any time to discuss your options.  Whether it’s a vacation or long-term rental investment, we are here to answer your questions and help you decide on a course of action that will maximize your investment and help you to meet your long-term goals.

We look forward to hearing from you!

Village Highlight – Dennis Port

The village of Dennis Port has been experiencing a renaissance over the last few years that is not to be missed!  No fewer than three new restaurants have opened just this spring, in addition to the many established merchants.  These include two music studios, various art galleries, an antique shop, the town library, a large and inviting park with pavilion and playground, and much more.

Dennis Port also offers a large park that frequently hosts public events.  Every Tuesday night of the summer (and every Friday in July) there are free concerts on the green.  This year’s national Night Out is being held in Dennis Port.  And this year brought the first annual Dennis Port block party to town, with all the merchants opening their doors and hosting the town to an old-fashioned good time.

All in all, Dennis Port has more to offer than ever before!  Whether this is your first time to the mid-Cape area or you are a seasoned veteran of Dennis summers, make sure to swing into the ‘Port to check out what’s happening.

This week’s Open Houses

Summer is here, and with it comes Open House season!!  Come in, stroll around, ask questions, and maybe find your perfect home.

 

Both Open Houses will be this Saturday, 5/31 from 1-3:00:

 

Hyannis – 304 Oak Neck Road – $335,000  Click here for listing details

Walk to the beach for some sun, then walk into town for dinner, then stroll home on quiet and peaceful Oak Neck Road with ice cream in hand! You can’t beat the location of this recently updated three bedroom, two bath home. Lots of recent upgrades. Open floor plan, large yard and deck. Ready for you to move in!

 

West Harwich – 42 Bell’s Neck Road – $329,000   Click here for listing details

Impeccable home — the epitome of Cape Cod charm. Located on beautiful Bells Neck road within steps of the enormous West Harwich Conservation area and all its benefits – enjoy deer grazing, watch osprey fish in the scenic Herring River, bring the children down to the bridge to go crabbing or fishing. Tastefully remodeled and immaculately maintained this 3 bedroom home features sparkling wood and tile floors , cathedral ceiling, a wood-burning fireplace, bay window, spotless basement and large shed for plenty of storage. Its location is one of the best in the Mid-Cape and is perfect for a summer home or year-round living. Being sold furnished–turnkey ready. Please see attached information.

 

We look forward to seeing you this weekend!

 

Summer is nigh!

It’s that time!  Memorial Day weekend is only a few days away and we are getting geared up here on the Cape to welcome the first batch of summer guests.  Here at the CapeCodChatelains office we have scheduled three open houses to give those of you who are house hunting yet another reason to jump in the car and head over to Old Cape Cod for this traditional first weekend of summer.

Saturday, 11-1: 101 Glendon Road, Dennis Port.  This freestanding condominium captures the Cape Cod experience. Versatile property with porches overlooking the ocean on every level. Steps away from Glendon Road Beach. Wet bar in family room, 2 Jacuzzi tubs with views, open floor plan, loft upstairs, floor to ceiling with windows and skylights, balconies, porches, basement with 10′ ceilings and full bath. Listing sheet can’t do it justice – you have to see this home to believe it! Great rental history and rental potential that will help pay its way while you enjoy.

Saturday, 1-3:  464 Main Street, West Dennis.  Water views and direct access to Grand Cove from this gracious antique. Many recent updates and upgrades. Fully fenced-in pool with cabana. Home is set far back from Main Street with a large front yard. Solar panels to offset electric bill. Easy walking distance to world famous West Dennis Beach and village amenities. Open first floor plan ; livingroom/diningroom combined with fireplace; light and bright family room leading to deck, pool and cabana; renovated kitchen with center island, office with views, fabulous library with sitting room and more views; three nice bedrooms and three full baths. Great place to call home!

Sunday, 1-3: 12 Melbourne Rd, Hyannis.  Think Spring * Location, location * beautifully updated * within 1.5 miles of beaches (more than 4 to choose from) for great swimming, sunbathing or catching sunsets *shopping * eateries * groceries * farm stands * entertainment * ideal home all renovated and ready to go * beautiful kitchen with stone counters and central island * lovely cabinets * open gracious floor plan * master with private air jet tub * 3 baths * large deck * central vacuum * a real find

 

We hope to see you at these homes, but if not, have a great Memorial Day!

Winged winter visitors!

For those of us struggling through this harsh winter, the recent arctic chill has brought more than slippery roads and high heating bills – West Dennis Beach has been the winter home  of some visitors from the north!  A pair of snowy owls has taken up a seasonal residence in the dunes of this south-side beach, wowing visitors from far and wide.

Snowy owls are an extremely rare sight on the Cape and this pair has attracted large crowds to the beach to get a peek or snap a picture.  If you are interested in the birds, take a drive down to West Dennis and look for the crowds.  The owls can be hard to spot, but the interest has been such that all you need to do is aim for the large groups of photographers and you won’t be disappointed.

Good luck and happy birding!!