MIDDLEBURY-Several Addison County businesses have one thing in common-they are local samples of statewide listings on vermontlodgingproperties.com, a homegrown website managed by Christine Fraioli and John Nelson of Lincoln.
Fraioli and Nelson combine their experience with their expertise and passions for Vermont, architecture, food, and art. This combination brings a commitment to matching prospective buyers with Vermont inns, bed and breakfasts, hotels, homes, and other investment properties.
As summer season begins, both vacationers and Vermonters alike start dreaming of owning their own Vermont inn or investing in country property, Fraioli offers several tips to identify the right type of property to begin turning the dream into reality:
•Hone in on what you are looking for-there is a big difference between an inn and a bed & breakfast, a hotel or cabins.
•Decide on the management style-do you want to manage the property or do you want to hire someone else to?
•Are you looking for a career change or an entire lifestyle change?
•Get familiar with the entire Vermont landscape-the topography is quite varied. Consider if you want to be rural, urban, or somewhere in between. n the mountains, on a lake, a river, a farm?
•Do you wish to operate year-round or seasonally?
•With these questions answered, you can better identify compatible properties. Think about them for a while-how do they feel?
The webmasters advice would be innkeepers to begin reviewing financial considerations including return on investment objectives, the sale of another property, qualification for mortgages, the possible need for Small Business Administration or Vermont Economic Development Authority support, or seller financing and lease purchase options.