North America’s vacation property resource
North America’s vacation property resource
Are you considering making a vacation rental property investment? Perhaps you’re looking to invest in a short term rental property, utilizing one of the many online platforms such as Airbnb or VRBO. Or perhaps you’re looking to invest in a rental property that subject to an existing rental pool. While going through the process can be an exciting experience, it can also be overwhelming at times. For instance, what are the most common mistakes when purchasing a vacation rental property? How much vacation property can you afford? What is the best type of property to purchase? Are mortgage rates higher for vacation rental properties? These are just some of the many questions that vacation rental property investors may have. But don’t worry – we here at Vacation Property Online have you covered.
Explore articles covering various topics related to vacation rental property investment, including recommended guidelines, tips, best practices and more. In particular, topics include: eight mistakes to avoid when buying a vacation home, is a vacation home considered investment property, buying a cottage to rent out, an overview of vacation home expenses and others. Be sure to check back often as new topics are added.
At Vacation Property Online our goal is simple: to help inform buyers, sellers and owners of vacation properties. Whether you are in the market for your first vacation rental property or own an existing property, we have the latest information and resources to suit your needs. To that end, we hope you find these resources helpful.
If you’re looking to buy a vacation home, the most important factor many people will consider is the vacation home mortgage rate. Just like a mortgage on your primary residence, no one wants to pay more interest than necessary. But mortgage rates are typically higher for vacation homes for one good reason – risk. Lenders…
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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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Vacation Home Costs (Summary) If you are interested in buying a vacation home then understanding the true cost of owning a second home is a must. In this article we explore the typical types of vacation home costs in the interest of ensuring that buyers of vacation homes better understand the true cost of ownership….
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A recent BC Supreme Court Decision highlights the importance of reviewing local zoning bylaws before completing a purchase of a recreational property in British Columbia. By way of background, two owners of waterfront properties on Red Lake, BC (about 50 km northwest of Kamloops) fought an action by Thompson-Nicola Regional District (“TNRD”) seeking an injunction…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.