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Real Estate
Reply to "Buying waterfront property for retirement?"
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[quote=Anonymous][quote=Anonymous][b]Will spending the entire summer there make the home unaffordable in retirement without the rental income? [/b] Hidden costs of coastal seasonal property - seasonal rates for everything goes way up. I know it’s not an exact comparison but our Nantucket landscaping costs for ten 12 weeks is just under $10k (mowing). To get an understanding of the tiny lot we are on - they are in and out in 30 minutes. But the cost is what it is. Fall and spring clean up are separate. [/quote] Obviously having the rental income is preferable, but it would be worth it to be able to be in a coastal community all summer. I looked at reviews of airbnb rentals nearby and it looks like there is demand in the off season, so it might not be an issue. If anything, if the demand is anything like I observed with one very high end rental (similar to the house we are looking at), I am pretty confident we will have a nice income stream. [/quote]
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