1. Now is still the time to buy!

As the economy starts to balance out, this time is prime buying time. According to NAR “The bad economy and real estate decline of 2006 to 2008 in particular weeded out the speculators. Now we have second home buyers who buy homes to live in them. Most aren’t purchasing for a quick turn over.” With so much inventory and interest rates still at record lows, this a great time to buy your next vacation home or perhaps your very first one.

1. Choosing a home with “Rentable Potential” secures your investment.

Most of us buy homes with a single intent for the property, to live, rent, or flip. What happens when we combine these intentions and buy a home with present and future potential? We cover changes that might come down the road. “Without a doubt, the purchase of a dual purpose home can be one of the most important and rewarding decisions” say Golf Home Connect. This is a great time to capitalize on the market, the rates, and all your options.

1. Utilizing you vacation home even when you are not there.

Vacation homes can prove to be more beneficial than just a place to get away from your everyday life, rent it out during the months you are not using it. Using property management companies like Dakota Ranch Properties www.scottsdaleforsaleorrent.com, you get to enjoy your vacation at your convenience, have your property professionally maintained, and turn a profit on your investment. When your mortgage is less than or equal to one peak week rental, twelve weeks of rental will cover your mortgage payments for an entire year, and give you some extra spending money. Instead of working hard for your vacation home, make your vacation home work hard for you. You are on vacation right?

1. Want another tax advantage?

Making your home a vacation home allows for more tax deductions, another way of utilizing your home. According to CNN Money “Stay there less than two weeks or 10% of the rental days, whichever is greater, and you can deduct operating costs—everything from cleaning fees and maintenance to linens and repairs – in addition to interest and property tax.” Those things that you normally cannot write off, well now you have another reason to make your property work for you.

1. How about that “Nest Egg”?

Real Estate is a great “long term” investment. Vacation homes offer you the ability to build that nest egg up and have a wonderful place to retire when the time comes. Why not kill two birds with one stone!