Vermont vs Smoky Mountains
Hi all - we are considering buying our first investment property. We currently live in CT. After some research, the two areas that interest us are Vermont (probably near a ski area, Killington or Stowe) and the Smoky Mountain area. Would be very interested to hear from experienced investors on your thoughts for these two areas specifically. I understand Vermont has slightly more stringent regulations to contend with but it would also be closer for us geographically and thus potentially easier to manage. Smoky Mountains seems to be a solid choice but I wonder about oversaturation and competition in that area?
Any insights would be helpful. Thanks!
Most Popular Reply
I would say the opposite and go for VT. I was from CT and Boston originally. I find VT also a great place in the off season for hiking etc. It is an area you are likely more familiar with and closer to which could be helpful for your first investment and as @Sarah Kensinger metioned, you may be able to do a MTR. I find the Smokies overly saturated.
All of this said, be sure to do your research on STR regulations first and find a STR friendly location.