The Pros and Cons of Buying a Vacation Home

David Deem 714-997-3486 Dave@DeemTeam.com With the recent rise in remote work, vacation markets all across the country are experiencing a surge in demand that’s driven by buyers who are taking the leap to become second homeowners. If you’re considering purchasing a vacation property, here are a few of the pros and cons to keep in mind. Pros: It’s a vacation home! Let’s get this out of the way first and foremost: there’s nothing like having your own vacation home to escape to on a moment’s notice without having to worry about bookings. It’s all about personal enjoyment and creating a place where the whole family can have fun together. Income Potential When you’re not using it, there’s always the possibility of renting out your second home to offset the costs. Furthermore, depending on how often you rent it out, you may be able to deduct all of the operating expenses. Investment Opportunity With the unprecedented shift in our work-life balance, real estate in vacation markets incre...