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Looking for a house in VT, NH or Maine

  1. #1
    Posting Freak Jewcati's Avatar
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    Looking for a house in VT, NH or Maine


    So we are potentially looking for a second home in VT, NH or Maine. I was hoping you all could recommend some towns. The goal is to use it in the warm weather and rent it out in the winter to skiers. Therefore, we are looking for an area that is:

    -Close enough to good skiing to be attractive to renters
    -close to or on a lake
    -within 3 hours of Boston
    -quaint
    -reasonably priced

    I have been having trouble satisfying numbers 1 and 2 together. Any help would be greatly appreciated


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  2. #2
    suburban ghetto living... black's Avatar
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    Re: Looking for a house in VT, NH or Maine

    I'm a little in the same boat. What is your price range ? Condo townhouse , house ?
    Septic? Town line ?

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  3. #3
    Rookie Rada's Avatar
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    Re: Looking for a house in VT, NH or Maine

    Might be over the top but.. My brother is selling this place in West Pawlet VT.
    VT skiing is 30 minutes. Lake St. Catherine is 5 minutes. Lake George NY is 40 minutes.

    22 Acres including water frontage!!!!

    588 Warren Switch Rd, West Pawlet, VT 05775 | Zillow

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  4. #4
    Kosher Assassin Stoneman's Avatar
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    Re: Looking for a house in VT, NH or Maine

    Alton, New Durham, Barnstead (NH). Plenty of water, short run to Gunstock (if that's your thing). Alton can get pricey though - VERY touristy, almost year round. But good rental potential...

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  5. #5
    Lifer
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    Re: Looking for a house in VT, NH or Maine

    what's your price range? I was looking in the 100k range last year and ended up buying in ny. my money went the furthest there. I didn't want a condo and it's constant money draw. I wanted something I could pay cash for and not have to worry about monthly fees. I ended up with about 100acres and a brand new cabin.

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  6. #6
    TWINS! xrocket21's Avatar
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    Re: Looking for a house in VT, NH or Maine

    Sunday River area in Maine...

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  7. #7
    Posting Freak Jewcati's Avatar
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    Re: Looking for a house in VT, NH or Maine

    Quote Originally Posted by xrocket21 View Post
    Sunday River area in Maine...
    What lake?


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  8. #8
    Posting Freak Jewcati's Avatar
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    Re: Looking for a house in VT, NH or Maine

    Quote Originally Posted by Rada View Post
    Might be over the top but.. My brother is selling this place in West Pawlet VT.
    VT skiing is 30 minutes. Lake St. Catherine is 5 minutes. Lake George NY is 40 minutes.

    22 Acres including water frontage!!!!

    588 Warren Switch Rd, West Pawlet, VT 05775 | Zillow
    Look my for a house...300k price range. Looking to be able to rent during ski season and use in the nice weather.

    Would like to be within 15 minutes of good skiing to attract renters

    Was looking in Plymouth VT area...is that nice? Would like 7-10 acres with some trails nearby


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  9. #9
    TWINS! xrocket21's Avatar
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    Re: Looking for a house in VT, NH or Maine

    Quote Originally Posted by Jewcati View Post
    What lake?


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    Whoops, I missed the lake part!

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  10. #10
    Day late, dollar short carsick's Avatar
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    Re: Looking for a house in VT, NH or Maine

    Quote Originally Posted by Jewcati View Post
    -quaint
    What does quaint mean to you? Different people define this in different ways, what are your parameters?

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  11. #11
    Angry Gumball RandyO's Avatar
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    Re: Looking for a house in VT, NH or Maine

    for a somewhat less touristy location, look at Silver Lake in Madison, NH, Conway Lake in Conway, or Lovewell Lake in Fryeburg or nearby, maybe on a smaller pond in Eaton, NH, getting close to the 3hr travel from Boston though

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    RandyO
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  12. #12
    Posting Freak Jewcati's Avatar
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    Re: Looking for a house in VT, NH or Maine

    Quote Originally Posted by carsick View Post
    What does quaint mean to you? Different people define this in different ways, what are your parameters?
    Something with a cute little town with some small restaurants


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  13. #13
    Lifer gixxer72's Avatar
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    Re: Looking for a house in VT, NH or Maine

    Rangeley.

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  14. #14
    TRACK RAT!!!!! Pigman's Avatar
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    Re: Looking for a house in VT, NH or Maine

    My mother inlaw has a house FS in Campton NH. Waterville is right there, Newfound lake and a Killer view of the Valley/ mountains. PM if you want her info....

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  15. #15
    Posting Freak
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  16. #16
    Lifer Garandman's Avatar
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    Re: Looking for a house in VT, NH or Maine

    Near Boston, lake, skiing, "reasonably priced." Pick two. Also, everyone says they are "20 minutes" from either a lake or ski area, and most are lying.

    We picked the Mount Sunapee / Lake Sunapee area. There are a number of smaller lakes nearby.

    We purchased in Goshen, NH, which is the NW side of the mountain. It's 105 miles door to door, mostly highway. The prices have not recovered from the crash in 2008/2009. The farm up the street purchased for $800K in 2005 is now worth about $500K.

    We knew (but the real estate agent did not know) that Mt Sunapee had plans to build a new West Bowl base area. We are currently 4 miles from the mountain or state beach, and when the new development goes in we will be 0.7 miles from the new lift, but it is on the E side of a ridge so we won't see it or hear it.

    Goshen, Newport, and Newbury are not quaint. Parts of Bradford are quaint, but quaint lives in New London.

    The rental market and rental income is much stronger for summer lake rentals than ski houses. You can get quite a bit during Christmas vacation and Mass school vacation week, but as a rule of thumb that will only cover approximately 3-4 mortgage payments. A house right on Lake Sunapee would cost at least 3-5 times as much but summer rental could net 10X. So you're bucking that.

    Check the real estate taxes by town, and when it was last assessed: real estate taxes will flat astonish you, and do very by town. If the house hasnt been sold recently, the town will usually reassess it to reflect the recent sale prices and taxes will go up even more.

    Finding a place you love and buying it is almost always going to be a better investment than someplace you bought in anticipation of higher future value.

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  17. #17
    Lifer Garandman's Avatar
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    Re: Looking for a house in VT, NH or Maine

    Looks pretty relaxing for $65,000!

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  18. #18
    Angry Gumball RandyO's Avatar
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    Re: Looking for a house in VT, NH or Maine

    lotta money for a cabin that is not even as big as many campers, probably sitting in flood plain or barely out of it, on a "small lot" and looking at locus map, more river and road frontage than the distance between the two, no septic system, only a holding tank that needs to be emptied every time it fills.......closer to the "County" than civilization, I'd have a hard time offering as high as $6,500

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    RandyO
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