Everyone needs a place to unwind and relax, especially after a stressful year. Vacation homes can be that place! 

 
 

1. Supplement Your Income

Buying a vacation home can actually help boost your income! People will frequently rent out their homes throughout the year. While the initial cost of purchasing a vacation home can be expensive, if you have a steady stream of customers you will gradually make enough to help justify the cost. If you crunch the numbers correctly, you can have two months’ worth of renting out your property equal (or exceed) the amount of the mortgage. That way you’ll be making money AND building equity in the house. Not to mention, this is a great time to be renting property. With Covid causing many to work remotely, people can afford to travel to Airbnbs while quarantining.


2. Plan for Retirement

When making a large purchase such as this, you have to think what the long term returns are going to be. Investing in real estate is a good financial decision since it’s typically less volatile than putting your money in stocks. If you’re thinking about what you’re going to do in the future, you’ll want to have some safe investments to fall back on. Not to mention, you can live there after retirement. What better way is there to live out your golden years then by spending your time in a beautiful, familiar area? 


3. To Relax!

It’s safe to say that this has been an extraordinarily stressful year. Having a place to escape to can do wonders for your mental health. Whether it’s just you or the whole family, everyone can have a chance to unwind and detox. The change of scenery can be a welcome difference, especially if you’re working remotely. 

If you’re planning on getting a vacation home it’s important to have an experienced realtor who knows the area and is aware of what properties will be best to purchase. When making a big financial decision, you want to have someone you can trust.

 

Purchasing a vacation home is a big financial investment and it pays to have someone experienced on your side.

I am a licensed realtor with many years of experience managing, building, renting, buying, and selling vacation properties. I know what makes a good vacation home. My husband, Brent, and I started a real estate investment company five years ago and my first year as an agent, I sold over $5 million in property.

If you need an agent to help you find the perfect home, set up an appointment with me today!

-Heather Groom, Realtor