Remember my FIRST EVER Vacation Rental – Villa Bella Mermaid?
By keeping a close eye on the Real Estate Market, utilizing Creative Financing, and having faith that things happen for a reason, we are still reaping the benefits of that investment!
Like I mentioned in a previous blog post (Just In the Nick of Time) we used the capital gains from the sale of Villa Bella Mermaid to purchase a property neighboring one of our own that I’d had my eyes on for quite some time – just as our opportunity to use that 1031 Exchange was about to expire!
We did, in fact, have our work cut out for us. We have set a pretty high standard for ourselves on the quality and design elements of our investments, and we weren’t about to lower those now, especially since this is close to our home property and we plan to keep it forever. We decided to remodel almost everything – including tweaking the floor plan here and there – so this was no small task. In fact it ended up being a year-long project due to also splitting our time with our Main St space for MVR Vacation Rentals and installing an elevator in an 1880’s building…but that’s for another post.
We were planning on making this property another Vacation Rental, so it needed to be as visually appealing as it was comfortable and practical for people visiting our area. It’s surrounded by farm fields and has some of the most amazing sunrises and sunsets you can imagine! It’s been a labor of love and definitely a rollercoaster ride.
Once the bones were ready, we got to my favorite part – furnishing and decorating. I’d decided on the name “Sunrise Ridge” and wanted it to be as beautiful as the setting that inspired the name.
We could not be more pleased with the finished product, and are excited to finally be able to share this property with our guests! Make sure to check it on MVR Vacation Rentals, Inc. and book your stay here for your next trip to Wellsboro! You will LOVE IT!!! 🙂