Covid-19 has certainly dampened our ability to travel and enjoy outdoor activities like we used to. While many people have looked to relocating to smaller communities with large backyards, others are taking to purchasing recreational properties that provide them space and opportunity to enjoy the outdoors to the fullest while making a worthwhile investment in Real Estate. Here is why Kelowna and the Okanagan Valley are the perfect spots to own recreational property in 2021.
Over the last year, traveling to and from vacation destinations became difficult, to say the least. Borders held restrictions on travel, and many flights were put on hold, sometimes leaving Canadians stranded overseas, unsure of when they could return home to Canada. As a solution to the strain and halt that COVID-19 put on travel, many people have looked into staycations and interprovincial travel to make the most of their time off with family. However, there is still no end in sight to the travel restrictions in place, and people are still uncertain or wary about when and if they will hit the skies again.
As a response, Kelowna is seeing a rapid increase in those looking to buy recreational properties, and it’s easy to see why. With many of the communities around the Okanagan Valley sporting impeccable mountain views, beautiful parkland, top-notch vineyards, and sandy beaches, it’s obvious that this is a desirable destination for both locals and tourists alike. Throughout the pandemic we have seen many people relocating from major metropolitan areas to enjoy a quiet life, away from the hustle and bustle of the big city to enjoy a life full of simple pleasures, lots of nature, and plenty of activities fun for the whole family. Adding the purchase of recreational property into the mix provides those with a way to invest not only financially, but in their lives too, as it has the potential to increase quality of life and give people the means to enjoy their time and leisure activities to the fullest.
Recreational land is a great investment that can be used for many different outdoor activities that provide personal enjoyment as close or as far away from home as you’d like. Whether you intend to purchase the land for your own use, or build a resort-style escape or family cottage for weekend living, hosting, or as a way to start up your own business, the opportunity is there to make this an investment that is worthwhile. The land itself is a valuable resource that is both safe and consistent and can provide years of enjoyment for you and your family. What you do with it is entirely up to you, provided by-laws are respected and permits are obtained if any building takes place.
While this is a great way to invest in Real Estate, because of the high demand that this market is now seeing, just like we saw with lumber for new builds back in 2020, the prices for this type of property is increasing rapidly. There is a low inventory for lakeside recreational property currently, but in towns like Big White or other areas around the lake, the availability is present. If recreational property is something you are interested in, it is important to work with a REALTOR(r) that has relevant knowledge and experience in buying and selling these types of listings.
If you like to travel and enjoy regular weekends away with your family, enjoying life in the moment as often you can, or if you are looking for picturesque views to compliment retirement, the recreational property can offer a lifestyle that many only dream of. If outdoor activities are what you like, property like this can give you an outlet to enjoy being active every day! Activities such as hunting, fishing, skiing, four-wheeling, or boating can be available to you at your fingertips, giving you the lifestyle you have always dreamed of.
For those looking to indulge in recreation and enjoy this style of living with full access to your own getaway spot, recreational properties may be exactly what you are missing. It is important to know that this is a lifestyle decision and requires a commitment to maintain and manage it to get the most value from the experience. Speak to one of our Royal LePage Kelowna real estate agents today to see how you can invest in your future with recreational property in British Columbia’s beautiful community of Kelowna.
Recreational Properties For Sale