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Real Estate
Reply to "Running the numbers for a beach house to make it worth it"
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[quote=Anonymous][quote=Anonymous]I grew up in northern Minnesota, where everyone has a cabin. I can tell you from experience that in addition to "running the numbers" to see if it makes sense financially from a rent/hotel vs mortgage standpoint, don't forget to factor in the taxes, upkeep, utilities, and elbow grease involved. For example, when you rent or stay at a hotel, you show up for your vacation and hit the beach! When you own, you show up at your place, deal with any maintenance issues that popped up since your last visit, turn it over for the new season, if you have a yard you'll have to deal with mowing/landscaping, etc. After awhile it can feel like less of a vacation and more of a second job. [/quote] +1. We have a vacation home and it does feel like a second job. Remember, the worst thing you can do is let the house sit. [/quote]
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