5 Best Places To Buy Vacation Rental Property In New Hampshire

Vacation rental properties have always been a great way to earn passive income. Since Airbnb has launched it’s become easier to advertise and get your rental property showcased to millions. New England is a popular vacation destination because of the four seasons each offering something unique to visitors.

And when it comes to where to buy in New England, the state of New Hampshire is a great choice for so many reasons. The land is generally cheaper, it’s a tax-free state, and a popular destination to visit in all four seasons.

But where should you buy your investment?

Here is a list of the top five best places to buy vacation rental property in New Hampshire.

1. Lake Winnipesaukee

Lake Winnipesaukee is the largest lake in New Hampshire and sits right at the bottom of White Mountain. It is a great place to buy a rental property for so many reasons. For starters, there are a lot of different towns that surround this lake because it is 69 square miles and 71 if you count Paugus Bay.

Between lake and potential Island properties, you can choose from the following towns to rent in.

Wolfeboro
Laconia
Meredith
Gilford
Moultonborough
Tuftonborough
Alton
Center Harbor

Any of these towns could offer you a number of different property types. Lakefront or mountain views at affordable prices compared to the rest of the country can help set higher prices for out-of-staters. This will help pay off your loan if you have one in no time and start making a profit.

Buying in any of these towns gives you close proximity to the lake even if you aren’t right on top of it. Here families or guests can take part in a number of water-related activities from Fishing to powerboating. Alternatively, you can also offer close proximity to tons of hiking trails and wooded areas to explore. Being with nature is partly the biggest attraction of New Hampshire.

2. Lincoln, New Hampshire

When we think of New Hampshire we often think of some of the country’s best skiing. One of the most popular destinations is Loon Mountain Resort. This is a popular destination for New England locals and visitors alike because of its great ski trails and resort. It’s located in Lincoln, New Hampshire, and is a fantastic spot to have a vacation rental.

For starters, not everyone wants to pay resort fees to stay there. The idea of a vacation rental that offers what the resort can’t is a perfect solution. Whether you sell out because you are more affordable than the resorts or more modern, all are viable ways to appeal to a variety of customers that visit Loon each winter.

Don’t just think of winter either. Franconia Notch State Park is frequently visited in the spring, summer, and fall, thanks to its beautiful waters and lush greenery. Lincoln is an active town year-round which means your vacation rental is just s likely to be active.

3. Portsmouth, New Hampshire

Don’t feel that much love for nature?. The idea of kicking it with animals in the forest on hikes or freezing your buns off skiing is not always everyone’s idea of fun. But that doesn’t mean there aren’t other great parts of New Hampshire. For starters, Portsmouth, NH has a wide variety of activities, shops, and restaurants that are great for all ages and backgrounds.

Portsmouth is a happening place and that is especially true in the summer months. Cobblestone streets with fantastic Italian restaurants are just one of the reasons why everyone loves visiting this port city. It’s also a popular destination for work as the Portsmouth Naval Shipyard resides here. Not everyone wants to stay in a hotel so offering up a vacation rental can be a great solution.

In fact, according to airdna.co Portsmouth has seen a lot of growth in the rental community with hosts earning roughly $2,000 a month.

4. Hampton Beach, New Hampshire

How could we give a list of the best places to buy vacation rental properties in New Hampshire and not talk about the most touristy area of them all? Hampton Beach is buzzing in the summer months because of its beautiful beach and boardwalk filled with restaurants, shops, and a fun arcade for both the adults and kiddos.

Hosting a vacation rental here is a popular thing to do because of the lack of hotels. There are motels in the area but not a lot of options for visitors. With the area being so family-oriented many like the idea of having a one or multiple-bedroom apartment-style living situation. Especially since there is so much opportunity for both one-night stays and longer week rentals.

Something that also attracts visitors for overnight stays is their nightly events in the summer. At the bandshell, they have concerts followed by firework displays weekly. Driving back late at night or after having a few drinks at one of the bars isn’t appealing which makes the demand for overnighters much higher!

5. Manchester, New Hampshire

Manchester is often overlooked because it is not always the most appealing city for tourists to visit in New England. However, there are a few different reasons why you want to consider having a rental property here. For starters, a lot of business does go on in Manchester, New Hampshire, and with Southern New Hampshire University being located there you get a lot of people looking for a place to stay when visiting their kids.

It’s also home to one of New England’s airports which means you do have people flying in and out of the area regularly. Offering something that hotels can’t is a big advantage and often overlooked. Manchester, New Hampshire may not be as beautiful as some of the other areas but it certainly is busy.

Frequently Asked Questions

When it comes to buying vacation rental property in New Hampshire, or anywhere really, there is a lot of hesitation because of the big purchase. Not having a sense of security about whether your rental will be occupied or not is scary. That’s why a lot of the same questions seem to pop up surrounding this type of purchase. Here we try to answer the most frequently asked questions that owners may have.

What kind of rental property should I look to buy?

This is a great question and the answer can vary a great deal depending on which location you look to work with. If you are leaning towards the lake or ski areas it is incredibly popular to rent out cabin style places However, not everyone can find one for sale or even build one themselves. If this is not an option, focusing on proximity to the mountains and lakes is the most important factor.

If you are looking at the beach areas then a condo within walking distance is always going to be a safer bet. Some renters like to add a few rooms to their criteria as many people travel with families to New Hampshire.

Why choose New Hampshire?

Aside from the amazing towns and cities we just described above, New Hampshire has incredibly favored real estate and tax policies for buyers. You can provide a property that many are searching for without having to pay the high costs that come from running it anywhere else.

New Hampshire consistently ranks in the top 10 states for healthiest and happiest to live in so it means your neighbors are likely to be friendly too! All these little things play into the hassles of owning a rental property and make it that much easier to buy one.

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Does it make sense to buy properties in different parts of the state?

If you have the means to buy multiple investment properties to rent to vacationers then it is not a bad strategy to consider doing it in different parts. New Hampshire as mentioned is a seasonal state which means some areas like Hampton Beach will be packed in the summer and maybe less occupied in the winter.

The same can be said for the snow regions of the state. Skiing will take over the winter months but during the summer you are likely to see a downturn in visitors. Trying to keep these considerations in mind you could have one rental property thriving during one season to make up for the other one! While of course, this is not a guarantee it does diversify your rentals.

Start Small

Buying a vocational rental property in New Hampshire is an exciting first step to setting up passive income. States like New Hampshire are becoming increasingly more popular to not only live in but visit making it a great time to strike a deal and purchase a property.

The list of the top places to rent all revolve around the idea of the best touristic areas due to the uniqueness of New Hampshire’s landscape and offerings. Whether you choose one or multiple, any of these locations are great for tourism.