If you've ever dreamed of owning a getaway spot—whether it’s by the beach, tucked in the mountains, or close to family—now might be the right time to make that dream a reality.
With summer in full swing and travel season heating up, many buyers are revisiting the idea of purchasing a second home. But is it the right move for you in today’s market? Let’s take a look at what’s driving the trend—and what you should consider before buying.
According to a recent report from RentCafe, the number of second homes and vacation properties has grown nearly 25% since 2020. That surge was driven by several factors:
Remote work flexibility
Desire for more space and comfort
Long-term investment potential
And for many buyers, that interest hasn’t faded. Even with higher interest rates today, those who can afford it are still searching for the perfect weekend escape or part-time rental opportunity.
Vacation homes can offer more than just relaxation. With the right property, you could benefit from:
Rental income during times you're not using the home
Tax advantages (consult a tax professional)
Property value appreciation over time
A future retirement home if you plan ahead
That said, it’s important to balance the perks with practical considerations—like the cost of maintenance, insurance, local regulations on short-term rentals, and your ability to manage the property from a distance.
If you're seriously thinking about buying a vacation home, start by asking yourself:
How often will I use the home?
Will I rent it out when I’m not there?
Do I understand the local market and seasonal trends?
Can I afford the mortgage, taxes, and upkeep—on top of my primary home?
Buying a second home is a big commitment, so it’s wise to approach it with a long-term mindset and a clear financial plan.
If you've been thinking about owning a vacation home—whether it’s for family retreats, investment potential, or future retirement—this could be your window to explore what’s possible. The right opportunity may be out there waiting.
Whether you’re looking for a weekend getaway, a future retirement spot, or a short-term rental opportunity, I’m here to help you navigate the process from start to finish.
📲 Connect with me at 917-254-2103. My goal is to help you accomplish yours!
🆓 For your FREE Home Evaluation, Homeowner Resource Guide, or Home Buying/Down Payment Assistance Guide, use this link:
👉 https://bit.ly/45URvuV
Or text HomeswithJustin to 85377.
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