Why a Vacation Home Is the Ultimate Summer Upgrade
Summer’s here — and it's the perfect time to plan your next getaway. But instead of booking a hotel, have you ever thought about buying your own vacation home?
It may sound like a dream, but it could be more doable than you think. Here’s why more people are making that move, according to a recent survey by Ameriprise Financial:
🌴 Why People Buy Vacation Homes:
✅ A place to relax (81%)
Skip the hassle of finding accommodations. A vacation home becomes your personal retreat — a place to unwind and escape daily stress.
✅ Better weather (49%)
Tired of cold or rainy days? A second home in a sunnier spot means you can enjoy warm weather, even when it’s not great back home.
✅ Extra income (41%)
When you’re not using it, rent it out! Many owners earn rental income that helps cover costs or even turns a profit.
✅ Future retirement plan (33%)
Enjoy the home now and make it your full-time residence down the road.
✅ Gatherings and memories (25%)
It can be your go-to spot for family vacations, weekend getaways, and unforgettable memories.
💡 How To Make It Happen
You don’t need to be a millionaire to own a vacation home. Here are two smart ways to start:
👨👩👧👦 Buy with family or friends
Share the cost and enjoy the space together. It makes ownership more affordable and fun.
💰 Start saving now
Create a vacation home savings goal and add it to your monthly budget. A little progress each month goes a long way.
🧭 Don’t Go It Alone – Work with a Local Agent
Buying in a vacation spot — even one you know — is different from buying where you live. That’s why it’s key to work with a local real estate agent and lender who know the area, the market, and the rules for second homes.
🏡 As Bankrate puts it:
“Buying real estate in a new area... requires expert guidance. Work with a local Realtor and lender who specialize in vacation homes.”
Bottom Line:
If you’ve been dreaming about owning a vacation home, let’s talk. I can help you explore your options and guide you toward making that dream a reality.
Finding ways to make your credit score better could help you get a lower mortgage rate. When you’re ready to get the process started, let’s connect.