Real Estate Information

Luxury Real Estate Information

Rancho Palos Verdes, California Homes
Palos Verdes, California Homes
South Bay, California Homes
Luxury Mexican Beachfront Homes

Featured Properties

Oceanfront Estate Near Trump National

Related Information

Loan Information
Real Estate Information
Mortgage Refinance Information

Buying a Vacation Home

You'd like to buy a vacation home, but you're not sure where to begin. Perhaps the single most important point to determine up front is why you are buying a vacation home. Are you trying to generate income by renting the property? Would you like to have a place to take your family every year that will likely appreciate in value? Would you prefer some flexibility in location and like to vacation at a different spot each year?

Once you determine your needs in a vacation home, it is wise to understand some of the options available to you in buying a second home. Probably the most straight-forward is to consider purchasing a home outright. If you can't afford the full price of homes in the area you desire, there are still a couple of options available for you. One is to consider purchasing a home with friends or family, while another is to look into timesharing. All these options have nuances to consider in relation to your needs and means.

By purchasing the home yourself, you have the most control over the property and can capture all of the gains and benefits associated with owning real property. You may also be able to offset some of your expenses by renting out the home in peak seasons. Be sure to investigate federal income tax laws so you can make the most of any potential tax breaks. Also ask about zoning, covenants, land use in areas surrounding your property, and property management fees. In some areas these restrictions may prevent you to use your property as you wish. Additionally, be prepared to pay as much as 25% of your rental income in property management fees for weekly rentals.

If you decide to purchase a home with friends or family, make sure to put the agreement and all terms in writing. You may want to do most of this in advance as many homes go quickly and it will help target your search to the right kinds of homes. You may also want to consider homes with features that allow all the owners to be at the home at once (multiple masters, separate living spaces, etc). Again, the questions and concerns above should be considered.

If all this is too complicated, inflexible or expensive and you've come to the conclusion that timesharing is right for you, be aware that a timeshare purchase is not an investment. Most units depreciate over time and the resale market is tricky to navigate. If you are buying with a resort developer, make sure they are financially stable. Also be sure to find out what they offer for buying through them as opposed to the resale market. At times, the resale market will offer the same unit and season at a fraction of the price the developer is offering. You'd also be wise to arrange for your financing in advance, as developer financing is usually offered at above market rates.

Lastly, don't buy on a whim. You didn't buy your primary residence that way, and you shouldn't buy a second home without due diligence. Research the location. Make sure the area has the amenities and recreation you desire, allows you to use the property as you wish, and is within your budget.

Reid Colson is a Principal in Bridlewood, a custom home builder serving the Central Virginia market. Bridlewood builds custom homes and vacation getaways for discriminating buyers. They are committed to providing the highest levels of professional service and consistent communication throughout the design and building process.

Visit for more information.

This RSS feed URL is deprecated, please update. New URLs can be found in the footers at


Berlin Film Review: 'The Real Estate'
There surely won't be an uglier movie in the Berlin competition this year than “The Real Estate,” nor one so deeply unpleasant on every level. Whether it's the tediously coarse characters, some of whom appear to have been poached from a Swedish “Twin ...
'The Real Estate' ('Toppen av ingenting'): Film Review | Berlin 2018Hollywood Reporter
'The Real Estate': Berlin ReviewScreen International

all 3 news articles »

Buffalo News

Erie County Real Estate Transactions
Buffalo News
Following are real estate transactions over $5,000 as listed in records of the Erie County clerk's office for the week ending Jan. 12, 2018. ALDEN • 460 Woodside Court, Amanda S. Gerhardt; Michael J. Gerhardt to Joelle M. Sledz; Justin J. Sledz, $259 ...


4 Types Of Content Real Estate Marketers Need To Be Using
The real estate world has changed drastically over the last few decades. While the industry has evolved more slowly than many other sectors, this makes it the perfect industry for innovative thinkers. With the growth of digital media and technology ...

Helena Independent Record

Real Estate Corner: What is a Realtor?
Helena Independent Record
I was recently asked to explain the difference between a real estate agent and a Realtor. That individual had just learned there was a distinct difference. In Montana, a real estate agent is someone who has successfully completed 60 hours of pre ...
Montgomery County real estate briefs: Week of Feb. 18Montgomery Newspapers

all 2 news articles »

Two Charged in National Real Estate Scam
Santa Barbara Edhat
Donald S. Boyce, United States Attorney for the Southern District of Illinois, announced [in December] , a grand jury in East St. Louis, IL, returned an indictment charging two California residents for their participation in a nationwide telemarketing ...

The Providence Journal

RI Real Estate Notes: Waterfront house sells for $4M in Little Compton
The Providence Journal
The sellers were represented by Ted Marvell of Mott & Chace and the buyers were represented by Jainsworth Cern of Shethar Real Estate. “This truly unique and amazing property offers expansive water views overlooking the Sakonnet River and the Atlantic ...

Pensions & Investments

Hines backs effort to increase female leaders in real estate
Pensions & Investments
Real estate money manager Hines is giving a total of $90,000 over three years to the Urban Land Institute and ULI's Women's Leadership Initiative to help increase the number of female leaders in the real estate industry. The money will be used to help ...


Must-Know Social Media Strategies For Real Estate Agents In 2018
Without tools, human would have ended up in the same graveyard as dinosaurs. Instead, we put footprints on the moon. And I have to hand it to real estate agents — they've been pretty good at utilizing a variety of tools. I know they've broken in their ...

Hammond OK's real estate development agreement for Oxbow Landing's last parcel
HAMMOND — Development of the last 4.4-acre parcel at Oxbow Landing jumped the final hurdle at Monday's city council meeting. Council members unanimously approved the development agreement with ATG Real Estate Development LLC that calls for the company ...


The Future Of Real Estate Tech: How We Got Here And What's Next In An Exploding New Ecosystem
Driving this investment explosion is the evolution of real estate tech from its initial phase of software and marketplaces complementing the incumbents to a new era where tech enabled players are going head to head against the sector's largest ...

Google News

home | site map