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Buying a Vacation Home

Interested in buying a home to be a vacation rental?  You have your work cut out for you but, if done right, you’ll have a fun place to visit with the added benefit of a little extra income from time to time.

Buying a home for vacation rental purposes has its own unique set of characteristics.  For one thing, you need to pick the right spot. Of course we here at bealocaldestin.com believe we ar in the BEST area for vacation homes. Obviously you want an area that is already a popular vacation destination among tourists.  Beach towns, mountain communities—someplace people want to go.  Also, just grabbing a piece of real estate in the right town isn’t enough. If you’re buying in a beach town, the closer to the beach your home is, the better it will rent.  In mountain areas, a good view and/or a spot on creek or lake are essential.  In ski communities, such as Vail or Aspen, access to the slopes is a must.  It really depends on the area.  In New Orleans, for instance that is neither a beach town nor a mountain community, prime vacation rentals tend to be those in or near the French Quarter.  Tailor to your market.

There are a few other things to consider.  Vacation rentals tend to get some abuse.  Anticipate all the contingencies.  Tile floors over carpet; no expensive or irreplaceable decorations (especially not family heirlooms with emotional value); simple, easy-to-use audio visual systems.  Also, don’t go too far in the other direction.  A vacation rental home should have nice furnishings.  If the renters feel like they’re living in a dump, they’ll treat it like a dump.

Disclaimer:

The material on our website is intended to provide only general information and comments as a courtesy to the general public and potential real estate clients. Although we make our best efforts to ensure that the information found on our website is accurate and timely, we cannot, and do not, guarantee that the information is either. Nor do we guarantee the accuracy of any information contained on websites to which our website provide links.

Do not, under any circumstances, rely on information found on our website as a replacement for sound professional advice from individuals who specialize in such matters. Legal, insurance, and other related subjects are often complicated. For assistance with your specific real estate questions or inquiries please contact one of our knowledgeable real estate agents, any of whom will be pleased to determine whether our agency can assist you.

 

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