When most of us do our household budgeting, we often set aside what may be a considerable amount of funds for the family vacation. But did you ever stop to think that there might be a better way to plan for quality family time without laying out a lot of cash that you'll never see again? Why not put the money you'd spend on airfares, hotels and rental cars into building equity instead?
If you put your vacation budget towards buying a vacation property, you'd not only be building an asset for the future, you could also be creating many more opportunities for the family to spend quality time together. Why spend a big part of your vacation standing in lineups at the airport? With increasingly long delays due to heightened security measures, it's easy to waste almost an entire day traveling – both coming and going. If you bought a vacation property within a few hours of home, you could be gaining the better part of two more days to enjoy yourself. More importantly, with your own vacation home, your family could enjoy your property several times a year, including weekends, while you build an asset that you can enjoy for many years to come.
If this prospect sounds appealing, you should be talking to a Coldwell Banker® real estate professional. Even if your dream property is hundreds of miles away, your local Coldwell Banker sales professional can help you right here and now. In addition to having access to insider information about hundreds of properties, both nearby or far away, your local Coldwell Banker professional can counsel you about creative financing solutions and much more. Let us help you do the groundwork right here at home, and before you know it you could be spending your next vacation in your own property. And that just might be the first vacation that actually pays you!
As well, vacation properties have the potential to generate income if you devote part of the year to renting the property out. And if you plan it right, the vacation home of today could ultimately become your retirement residence in the future. The potential is as unlimited as the types of available vacation residences.