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We all wish we could go away more often than we do. The problem is that whenever we do find a slither of time to get away from our busy lives, actually organizing a trip is too lengthy a process. Instead, we stay home and wait until we can fully commit the time to go away. It shouldn’t be that way! And it doesn’t have to be. If you buy a vacation home, you’ll have a place that’s just a comfortable journey away from your home. Anytime you want to get away, you’ll have a place just waiting for you.
Are you considering purchasing a vacation home? If so, check out these tips! Click To TweetWhere Should I Buy a Vacation Home?
First thing’s first: where do you want your vacation home to be? Ideally, you’d choose a place that you already know very well. Maybe you’ve been there several times on vacation before, that kind of thing.
You don’t want any nasty surprises (“oh, this area isn’t as good as I thought”) by buying somewhere completely unknown to you, no matter how beautiful it might appear.
Also, pick somewhere that’s easy to visit for a weekend.
Figuring Out Your Vacation Home Budget
Vacation homes generally don’t cost anywhere near the cost of a house, but they can still take a sizeable chunk of your finances.
You’ll know what you’re able to spend on something that is effectively just a luxury, but there’s one thing that you might overlook: the cost of living of where you buy the house.
Buying a luxurious vacation home is like owning a timeshare wherein you haven’t anticipated the excessive cost and end up finding the best way to cancel your timeshare because you could no longer afford the maintenance fees.
It’ll be no good if you pick an expensive destination and then can’t afford to eat out at the restaurants.
Deck Out Your Vacation Home
Once you’ve found your place and gone through buying the property, you’ll have to furnish it to a comfortable standard. An empty property, however lovely, doesn’t make for a great vacation home.
Instead, see what furniture you already have and look at moving companies to take it up there. You’ll also have the chance to decorate it however you wish, so get your creative hat on!
Enjoying Your Vacation Home
Now that you’ve got the place all arranged just as you like it, it’s time to find the time to get out there and enjoy your investment.
If you have a location-independent job, then you’ll have no problems whatsoever. For everybody else, there are the weekends, vacation time, and the holidays!
Renting Out Your Vacation Home
A vacation home is an investment, and here’s why: you’re able to rent it out when you’re not using it. As this is a vacation home rather than your full-time house, the periods when you’re not there will be more than when you are there.
During these periods, list your property on vacation rental websites, and you’ll be able to recuperate a lot of the costs associated with the property.
If the house is in a desirable tourist location, you could turn the property into a fully-fledged business and make a profit.
Would you like to own a vacation house?
Krystle Cook – the creator of Home Jobs by MOM – put her psychology degree on a shelf and dived into a pile of diapers and dishes instead. She is a wife and mother to two rambunctious boys, sweating it out in her Texas hometown. She loves cooking, DIY home projects, and family fun activities.
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This would be a dream for me! I would love to have a vacation home in Florida! I was meant to live on the beach! Thanks for the tips as always!
My husband totally would love a vacation home in Florida too! Maybe rent it out to his parents that live there.