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Reply to "About to buy second home on Eastern shore"
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[quote=Anonymous][quote=Anonymous]Only you can determine if it's a financial burden. I have had a beach house much farther away for 15 years and it definitely wasn't a mistake. In fact I am sitting in it right now. There were years when the kids spent the whole summer here and years where they spent 4 days here (internships, summer travel, etc.). Still worth it. Don't underestimate the costs of maintenance, although ours is maybe a little higher since we really have to outsource nearly everything since we aren't close by. I also consider that a plus because it means we don't spend our time here doing chores.[/quote] What exactly do you mean by outsourcing? Do you hire a property management company or just the individual services as you need them? What do you do about cleaning? The house is let out as a vacation home at the moment. Looks like they make quite good money. I think we won't go that route for the first year - I want to see how much we would use it without any constraints, and then think about doing it. The advantage would be that the company takes care of everything - maintenance, cleaning etc. But the disadvantage would be not just popping over whenever you felt like it. Climate change/rising sea levels is something I worry about. On the other hand, it is out of the 100 year flood plain and hasn't had any issues so far. So I am hoping that any problems are far enough down the road that it won't impact my lifetime. If this house goes down then so will much of the East coast....[/quote]
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