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 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.


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