Owning a second home is an exciting prospect, but it can be daunting. Our guide should help you get started!Keep Reading
Are you ready to rent out your second home? There are a few things you should take care of before you put it on the market. This list should help you get started.
Sharing a treehouse with your siblings was great. But sharing a vacation home is a little more complicated. This time if you fight, you can’t ask mom and dad to solve the problem. So how do you avoid the big arguments altogether? Ask yourself--and your siblings--these questions. You’ll be happy you did.
Timeshares are the ugly ducklings of vacation homes. But is buying in always a terrible idea? Maybe not.
After location, the first thing vacationers want to know is where everyone will sleep in a rental house. These 6 kinds of bedrooms will help you attract renters!
Owning a vacation home is a lot of fun, but also a lot of responsibility. If you rent yours out, cleaning up after renters may be one of those responsibilities. Can you count on them to do it themselves?
A property management company just isn’t for you. So what do you need to know before you take the DIY approach to renting out your vacation home?
You feel like an investment property is a better way to save for retirement than a 401 (k). So can you use your current retirement savings plan to buy the property in the first place? And more importantly, should you?
Plenty of people who own vacation homes rent them out for the majority of the season. Many people couldn’t afford the second mortgage if they didn’t! Most of those homes have owner’s closets, and keeping yours well-stocked can make your second home feel more like yours, even if it’s usually occupied by renters. A well-stocked owner’s closet means you can pop in for the weekend without spending hours packing for the trip.
Owning a vacation home is one of life’s greatest joys, and you’ve probably earned it (or else you wouldn’t be able to pay for it). But it isn’t all hot toddies by the slopes and daiquiris on the beach at sunset. You have to take care of your second home, which can be tough from afar. And there are expenses associated with owning a second home, like regular maintenance and caretaking if you can’t be there as often as you would like.