Things to Consider When Buying A Vacation Home


Ahh, the good ‘ole American Dream. A beautiful vacation home overlooking that lake or at the base of your favorite ski mountain.

Is it still possible?

Well, it may be more attainable than you think.

In this post, I’ll cover all the essential topics regarding buying a vacation home so you’ll be prepared when the time is right.

First off, let’s get some basic questions out of the way.

Why do you want a vacation home?

Tips for Managing Seasonal Rentals and Vacation Properties
Tips for Managing Seasonal Rentals and Vacation Properties
  • Are you looking for a vacation/rental investment property?
  • Are you mainly looking for a spot where you can retreat from daily life with your family?
  • Are you looking to build retirement equity or enjoy something different from your primary residence?

Where would you like a vacation home?

The best place to buy a vacation home is somewhere that suits your needs and allows you to enjoy your time off as much as possible.

The most popular destinations are generally determined by climate and proximity to nearby attractions.

For example, if you live on the east coast, it might be better to buy a vacation property in Florida rather than California if you want warm weather all year round without traveling too far from home.

Buy a vacation home where you vacation.

This way, you’ll already know the area and what it offers. You can also use your own experiences as a reference when deciding whether or not to purchase the property. If it’s close to where your friends and family live, that’s also a plus!

This will also make it easier for you and your family to adjust to being away from home, and it will be easier for them to feel like they’re “going on vacation” when they go there.

It’s much easier to spend time at a place that feels familiar and comfortable than it is to go somewhere new and different—especially when you’re dealing with all the stresses of running a business!

This is a serious financial decision but also an exciting one!

You’re excited, but you also want to make sure that this is a decision you won’t regret.

When determining how much home you can afford, consider all expenses involved in maintaining your vacation home and keeping it in good condition.

What are the taxes on the property, and how much will they cost? How much will it cost to insure your vacation home? Also, consider repairs or renovations that may need to be made over time.

Consider how often you plan to use the home and whether or not it will suit your needs when traveling there with family members or friends.

Be realistic about what type of accommodations fit into your lifestyle so that you don’t spend more than necessary on something that doesn’t work for everyone.

Look for someplace that has potential.

The first step in finding a vacation home is looking for something with potential. Look for a location with good weather and amenities, as well as good schools and transportation.

Research the location’s climate.


The climate of your vacation home is an important consideration, and you should research it carefully.

If you live in an area that gets a lot of snow every winter, you may want to vacation in an area with mild winters.

There are many things to look for when researching the climate of your future vacation home. One thing is average temperatures; another is rainfall amounts and onset dates of seasons (such as spring).

You can also research local weather patterns over time using historical data from NOAA or other online sources such as weather maps from Weather Underground or AccuWeather.

How much will it cost?

Before putting an offer on a vacation home, you must determine if you can afford it.

This means determining how much money you’ll need to cover the down payment, closing costs, and monthly mortgage payments.

Also, be prepared for any repairs that might come up over time and the property’s insurance costs.

Remember that mortgage rates are slightly higher for a second home loan than for primary residences.

Will you rent it out when you aren’t there?

Renting out your vacation home when you’re not there can be a great way to make money, especially if you live in a popular tourist area. However, it can also be stressful and time-consuming if you don’t have a system to handle everything involved.

Here are some tips for renting out your vacation home:

  1. Figure out what kind of person you want to rent to. Do they have children? Pets? How many people might stay with them during their visit? You’ll need to know if your home matches the target demographic in that area.
  2. Decide on your price. If you rent out on Airbnb or another service like it, you’ll need to ensure that your price is competitive with what other properties in your area are charging for similar stays; otherwise, no one will book it!
  3. Make sure everything is clean. If anything seems off-putting about your house when people arrive, then it’s unlikely that you’ll get good reviews.

Who will take care of the property when you aren’t there?

How to Manage Properties with Rooftop Decks and Gardens
How to Manage Properties with Rooftop Decks and Gardens

When you’re not using your vacation home, it can be tempting to leave the lights on and let things go. However, if you want to maintain a high-value property, there are plenty of ways to take care of things yourself or find someone else who will do it for you.

One option is hiring a property manager. They’ll check in on your home when necessary and ensure that everything is in good shape for when you arrive. Property managers typically charge a percentage of monthly revenue, but good companies are well worth it.

Are there community amenities?

golf course
  • Are there community amenities that interest you, such as golf courses, beaches, pools, spas, etc.?

  • Will you be using the property for business travel?

  • What about children or grandchildren? Do they visit often, and would they like to stay at your vacation home when visiting?

  • How much time will you spend there annually? If it’s only a few weeks each year, it may not make sense to buy a large home in an exclusive area where maintenance costs can be high.

Don’t forget about property taxes.

Property taxes can be a significant expense when buying a vacation home. While it may be complicated, it’s something you should fully understand before buying.

Keep the tax benefits in mind if you’re looking to purchase a vacation home as an investment and rent it out.

When considering purchasing a vacation home for yourself personally or with friends/family members as part of an investment group or LLC partnership etc., it’s crucial not only to understand what kind of expenses go into owning real estate but also to consider how those costs compare with other investments such as stocks bonds, or crypto.

Hire a home inspector.

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The Importance of a Good Roof for Your Investment Property

Hiring a home inspector to examine your vacation home thoroughly is one of the best purchases you can make.

While sellers generally provide an inspection of their property before listing it, this is not always comprehensive or accurate. The seller’s interest may lie in selling the house as soon as possible.

In addition, inspectors vary in their experience and ability to detect problems that could cause future problems for you after you buy the property.

If you hire your own inspector, it will cost some money but will save you much more down the road when repairs become necessary and/or expensive because an important spot was missed during the home inspection.


If you’re considering buying a vacation home, we hope this post has given you some ideas about how to make the most of your purchase. We look forward to hearing from you and helping you make your dream vacation home a reality!

Kurby Team

The Kurby Content Team is a diverse group of seasoned real estate experts dedicated to providing insightful, reliable information for homebuyers, real estate investors, and real estate agents. With backgrounds ranging from real estate brokerage, property investment, and residential home buying, our team combines decades of experience with a passion for demystifying the real estate world. We at Kurby are committed to helping you make informed, successful real estate decisions. Whether you're a first-time homebuyer, a seasoned investor, or a real estate professional, count on the Kurby Content Team to deliver the most relevant, actionable real estate content you need.

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