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Travel Discussion
Reply to "Talk to me about hidden costs of buying a vacation home"
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[quote=Anonymous]insurance. caretaker (rather nice to have someone to check on the place periodically, especially after major weather events, and to notice if there are squatters or vandals). General maintenance budget (painting, new roof every XX years, new HVAC every YY years, etc). Yard service for both homes. And by the time your kids are 8, you will have birthday parties, sleepovers, and games to attend on weekends. I don't think a child's schedule should truly rule the household, but it needs to be taken into account. The reality is that you can do a LOT of nice vacations for the annual costs of a vacation home. And I have yet to see anything that convinces me that vacation homes are a good long-term "investment". And ocean-front property is a pretty big long-term risk with rising sea levels.[/quote]
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