HomeTraq University

The advantages of purchasing a vacation home

Written by Brett O'Daniell | Jul 14, 2019 12:49:00 PM

Invest in a vacation home and enjoy the benefits all year round! Discover the advantages to purchasing a vacation rental property:

 

 

 

Spend your break saving money

Enjoy your vacation at your second home—no hotel needed! When not relaxing at your property, you can rest easy with additional income from renters.

No regrets

If things don’t work out with your second home as a short-term rental, you can always shift to a traditional long-term rental, sell it or keep the property as your personal vacation home.

Financial freedom

Vacation properties are a great way to add to your cash flow and, depending on the market, can turn a profit.

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Mix business with pleasure

Earn cash off your rentals by claiming tax deductions based on how many days a year you spend in your vacation home and how many days the property is rented out.

Getaway goldmine

Vacation rental properties can appreciate in value over time. They can provide a monthly income and tenants can help you pay off the property with their rent!