North America’s vacation property resource
North America’s vacation property resource
Making a vacation property investment is a big decision. Perhaps you’re looking to invest in a short term rental property on the beach or cozy ski chalet nestled in the mountains. Or perhaps you’ve always dreamed of owning a remote cottage in the wilderness and would like to keep it for personal use. Whatever the case, with careful planning and execution, owning a vacation home can make an excellent investment.
Yet you will undoubtedly have various questions along the way. For example, what are the most common mistakes when purchasing a vacation property? How much vacation property can you afford? What is the best type of property to purchase? Are mortgage rates higher for vacation properties? These are just some of the many questions that you may have as you contemplate a vacation property investment.
Explore articles covering various topics related to vacation property investment. In particular, topics include: things to consider before buying a weekend home, eight mistakes to avoid when buying a vacation home, is a vacation home considered investment property, buying a cottage to rent out, eight reasons why buying a vacation home is a smart move, a ten point checklist to buying a vacation home, an overview of the true cost of owning a second home and others. Be sure to check back often as new topics are added.
Are you curious as to how to build a vacation home? Rather than buy an existing property, you may wish to build your own vacation home. By doing so, you can build to your own personal specifications without inheriting the unique design quirks from the previous owner. For older homes, you also do not have…
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What to Know Before Buying a Vacation Home Buying a vacation home represents a big decision and requires thoughtful preparation and planning. After all, a substantial amount of time and resources will be required to complete the purchase and ultimately maintain the property. Further complicating things is the fact that purchasing a vacation or recreational…
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Last updated on August 22, 2021 Vacation Home vs Investment Property: General Distinctions Generally speaking, a vacation home is used for recreational purposes on a part-time basis by the owner. An investment property, on the other hand, is purchased with the intention of earning a return on investment, which can be in the form of…
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Last updated on July 4, 2021 If you’re dreaming of vacations on the lake with the family, owning a cabin or cottage can become a reality with a little planning and saving. A great way to help balance the cost of the investment is to rent out your cabin or cottage. Below are our top…
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Last updated on July 3, 2021 When people think about buying a vacation home in the United States or Canada, they often imagine getaways to Maui, Lake Tahoe, Palm Beach, Whistler, Muskoka Lakes, Mont Tremblant and other vacation hotspots. Typically, people are drawn to vacation properties as places to go to relax. While it is…
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Buying your first vacation home is guaranteed to be both a thrilling and challenging experience. If you have obtained a mortgage on your primary residence, you know you need significant documentation and paperwork for these types of transactions. Buying your first vacation home is similar, albeit with some differences, no matter if you are using…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.