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Vacation Homes

Are vacation homes a good investment?

You can buy a vacation home today for investment purposes as well as enjoyment. And yes, there are tax benefits.

Some people buy a vacation home to use as a permanent retirement home later, which allows them to get ahead on their payments. Another benefit is that the interest and property taxes on a vacation home are tax-deductible.

Some real estate experts predict that vacation homes will appreciate in value due to rising demand from the aging Baby Boom generation. You also can depreciate the property if you live in the house less than 14 days a year.

You also need to consider whether you can afford to carry two mortgages, pay for the extra utilities and maintenance costs, and how this investment fits into your total personal finance picture.

If you are looking for these or other types of properties contact me, Robert Farmer at 609-444-8204 or robert@solutionsinrealestate.net.  Examples of other specialties are REO, foreclosures, short sales, distressed properties, bank owned, investment property, condo's, townhouses, beach house, senior communities, Jersey shore, East Windsor, Princeton, West Windsor, Hightstown, Trenton, Hamilton, Lawrence, Lawrenceville, Mercer County.

Posted By - Robert Farmer - 2 days ago

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