Why Buying a Vacation Home Beats Renting One This Summer

Dated: May 23 2023

Views: 5

Why Buying a Vacation Home Beats Renting One This Summer




For many of us, visiting the same vacation spot every year is a summer tradition that’s fun, relaxing, and restful. If that sounds like you, now’s the time to think about your plans and determine if buying a vacation home this year makes more sense than renting one again. According to Forbes

“. . . if the idea of vacationing at the same place every year makes you feel instantaneously relaxed, buying a vacation home might be a wise move.”  

To help you decide if making a move like this is right for you, let’s explore why you may want to consider purchasing a vacation home today. 

Benefits of Owning Your Vacation Home

You don’t have to worry about finding a place to stay. It can be a challenge to find a rental where you want, when you want. Some summer vacation destinations are more popular than others, meaning your favorite place may be booked up in advance. Bankrate explains why owning your vacation home means you don’t have to worry about that sort of inconvenience: 

“. . . a second home can offer a place to have quality time with your family and ensures that you always have a vacation destination.”  

It’s an investment. Home values typically appreciate over the long haul. That holds true for your vacation home as well, especially if it’s in an area with growing market demand. This can help grow your net worth with time.  

Vacation homes may provide tax benefits. If you own a vacation home, you may be eligible for tax deductions based on where it is. However, before buying, you’ll want to consult with a tax professional to discuss first as taxes can vary by location.

It could potentially turn into a retirement location. If you love the location of your vacation home, you could potentially sell your primary residence and retire there in the future.

How a Pro Can Help You Find Your Perfect Match

As you’re preparing for summer vacation, remember, you could potentially visit your second home instead of another rental unit or hotel. If that sounds appealing to you, a

local real estate agent is your best resource. They have the knowledge and resources to help you understand the area and what vacation homes are available in your budget. Plus, these agents can explain the perks of how owning a second home can benefit you. 

Bottom Line

If any of these reasons for owning a vacation home resonate with you, let’s connect. You still have time to enjoy spending the summer in your vacation home.

Blog author image

Kasey King

Born and raised in York County; I was a competitive swimmer in school and the desire to always improve my performance is never far from thought. I fell in love with obstacle course racing in 2014 when....

Latest Blog Posts

Real Estate Is Still Considered the Best Long-Term Investment

Real Estate Is Still Considered the Best Long-Term InvestmentWith all the headlines circulating about home prices and rising mortgage rates, you may wonder if it still makes sense to invest in

Read More

Oops! Home Prices Didn’t Crash After All

Oops! Home Prices Didn’t Crash After AllDuring the fourth quarter of last year, many housing experts predicted home prices were going to crash this year. Here are a few of those forecasts

Read More

The True Value of Homeownership

The True Value of HomeownershipBuying and owning your home can make a big difference in your life by bringing you joy and a sense of belonging. And with June being National Homeownership Month, it

Read More

Keys to Success for First-Time Homebuyers

Keys to Success for First-Time HomebuyersBuying your first home is an exciting decision and a major milestone that has the power to change your life for the better. As a first-time homebuyer, it

Read More