Own Your Own Vacation HomeAugust 02, 2018 / Buying
Pictured: 7 Old Salt Ln, York ME
If trips to Seacoast Maine or New Hampshire are your family’s annual tradition, it’s likely you’ve considered the option of purchasing a vacation home for you to enjoy during your time here. While it might feel like wishful thinking, it may be in your best interest to make your dream a reality.
Enjoy More Flexibility
When you own your own vacation home, you have control over which days or weeks you spend here, rather than dealing with limited availability during peak vacation times. You can spend a whole season here or plan out weekend trips as your schedule allows.
Build Memories in the Home
If you have one home that you visit regularly, you’ll build a personal connection to the space and can really make it your own. Alternatively, it can be disappointing when you grow familiar with a place that you rent, only to find it’s unavailable the next year.
It’s More Dependable
You’ll know what to expect when vacationing in your own home and can avoid unforeseen issues that may put a damper on your trip. You won’t have to worry about showing up to a surprise mess, wonder what appliances will be available or working, or fuss with rental agencies over issues that occur while you’re there.
Get Ready for Retirement
If you’re thinking about retiring in your favorite vacation town, it may be smart to consider getting a jump-start. If you purchase a home while you’re still earning an income, you’ll be working towards paying down your mortgage before you hit your retirement budget.
Additional Income Options
It’s worth considering the option of renting out your vacation home while you’re not there to earn an additional income. This can be an effective way of covering additional costs incurred with your new home. It’s wise to education yourself or work with a professional on tax implications, property management options, and budgeting needs, to ensure you’re prepared and well-informed.
We would be happy to work with you on finding the vacation home of your dreams!
Pictured: 298 Shore Rd, Ogunquit
Here are some properties that would make great options for a vacation home:
Or, build your own!
47 Bayberry Lane, York, Maine: This lot has ocean views and deeded private beach access.
480 Shore Road, York, Maine: This lot is at the heart of Cape Neddick just around the corner from Perkin’s Cove.
1283 Tatnic Rd, Wells, Maine: This lot sits in a private setting just a quick drive away from town beaches.
For more information on some of our favorite vacation spots, follow the links below!