A vacation home may be a great investment. Especially if you and your family find yourselves visiting the same locations year after year. If your family has fallen in love with a certain location, gotten to know the community, and can’t wait to return, you may want to consider investing in a vacation home.
Perhaps you already have put a lot of thought into a vacation home, you have crunched the numbers, decided on a location, and are preparing to make a move. If this is the case, and the location you and your family have grown to love is in the central Jersey Shore area, then your next step should be calling Shore Homes Shirvanian Realty!
Christine Stout is the realtor who can help you with your vacation home hunting needs. As a resident of the central Jersey Shore area for more than 17 years, she is knowledgeable about the different locations, the marketplace, and will be able to help you and your family find the perfect vacation home!
If, on the other hand, you have thought about a vacation home but are not sure if the investment is worth it, then continue reading this blog. First of all, there are many things to consider before investing in a vacation home, but if the decision is right, there are also many benefits.
Things To Consider
There are many things that take into consideration when looking at vacation properties. This is not a decision you can make overnight, but these tips could help make the decision easier.
If you are planning on investing in a vacation home, you want to be completely sure you enjoy the location. You will most likely be spending a lot of time vacationing in this area, so you definitely want to make sure you actually like it. Don’t get a cabin in the snowy mountains of Colorado if you hate snow and mountains. Don’t get a condo in the a big city if you hate cities. Spend some time in the location you are thinking of to ensure you and your family like the location and could spend year after year in this area. Central Jersey Shore offers a ton of unique and great towns that are perfect for the yearly family vacay. With historical, artistically diverse, and musically rich areas, this is the perfect locations. Find shopping, great restaurants, and so much more in these beautiful beach towns.
If you and your family do not vacation at least once a year, a vacation home may not be the best choice. But if a regular family vacation is common, a vacation home is a great way to keep everyone together as the family grows. If you are retired and will be spending a lot of time in your chosen locations, a vacation home could make your time away from home more enjoyable and relaxing.
Sharing Or Renting
Many family friends choose to invest in a vacation home together, allowing them to split time, responsibilities, and costs. If you have a close family friend that you vacation with or that vacations in the same area as you, this may be a great option. It would allow you vacation home to get more use when you are not there and take some of the responsibilities away from you. If possible, it is also beneficial to rent your home when you aren’t using it. This will allow you to make some extra cash off of your investment and keep it occupied while you are away.
Benefits Of Vacation Homes
One of the main benefits of investing in a home away from home, is the fact that you will have a second home. This means you can pack up the car and head on vacation on the spur of a moment, no need to book a hotel or worry about making a reservation during busy holiday weekends. Everything in the house is your own—you have your own bed, dishes, food, and privacy from others.
Owning a second home can also work as a tax break. If you spend at least 14 days in your second home, you can deduct the mortgage interest. You could also get some tax breaks even if you rent your property out for a few days a year, but there are many rules to this, so be sure you find out about these rules before planning to rent out your property. But rental income can often be a reason to rent out your property while you are not using it, so you will have many options to choose from.
Maybe your extended family plans a family reunion every year in the same location. This would be a great reason to invest in a vacation home, and perhaps have the entire family co-own the property, making it the perfect gathering spot for all family functions and events. This would make the family reunion easier to plan and allow for more convenience.
There are many benefits to owning a vacation home, but you must also consider a lot before taking this big step. If you are ready to make a move and are looking for the perfect vacation home in the central Jersey Shore area, Shore Homes Shirvanian Realty can help! We can show you the amazing communities around the area and help you find your dream home! Contact us today to get started on your search for the perfect vacation spot!