06/20/2024
Summer is officially here and that means it’s the perfect time to start planning where you want to vacation and unwind this season. If you’re excited about getting away and having some fun in the sun, it might make sense to consider if owning your own vacation home is right for you.
An Ameriprise Financial survey sheds light on why people buy a second, or vacation, home (see below):
• Vacation destination or a place to get away from the stresses of everyday life (81%)
• Better weather (49%)
• Rental income (41%)
• Primary residence in the future (33%)
• Having a venue for gatherings with family and friends (25%)
Ways To Buy Your Vacation Home
And you don’t have to be wealthy to buy a vacation home. Bankrate shares two tips for how to make this dream more achievable for anyone who’s interested:
• Buy with loved ones or friends: If you’re okay with sharing the vacation home, you can go in on the purchase price...
Summer is officially here and that means it’s the perfect time to start planning where you want to vacation and unwind this season.