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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]A little different, but we bought a large lot with two homes on it. We rent them out and they pay for themselves. We've never thought that they were that much extra work, and in less than 4 years they'll be paid for. We've only had them for around 7 years. It's a great investment, IMO. One of our sons and his wife rent one of them, so between the three homes that we have, there will always be that source of income for our kids should they decide to rent them out when we're gone, or they could? live in them. [/quote]

I don't think we want to deal with renters.  This property would be strictly for our enjoyment.  Honestly one of the things that is appealing about buying the property is that we will be able to bring our dogs with us while we are enjoying it.  Now we usually have to get a pet sitter when we want to go out of town for a weekend and that can really make a weekend away $$$$.

The cottage is small so I'm not seeing us staying in it for weeks at time.  It would be more for weekends and even some occasional week nights depending on the time of year.

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Are you sure that renting a place for a weekends away and paying for the pet sitter is more expensive than buying a second place?  That doesn't sound right.
Sure, if its for your enjoyment and you can afford it, go ahead, but I seriously doubt it will save money on getaways.[/quote]

Yes, I see what you are saying.  One thing that is a pain right now is that we can not just get up and go anywhere spontaneously.  We have to line up a dog sitter or dog boarding well in advance.  When it comes time to go, the weather might suck or something happens with work or one of the kids has an activity suddenly come up that we don't want to miss.  We might wind up leaving late for a planned vacation or coming home early or spending a good part of our trip on the phone with work.

Owning this cottage would be 99% a quality of life issue.  We would work on getting the chores done at our primary home during the week and we would make the cottage's yard work as low maintenance as possible.  The plan would be to keep the cottage furnished and easy clean like a vacation rental.  I would have time to pop by during the week to clean it.  There won't be anything expensive inside to steal or get ruined should something happen when we're not there.  We'll probably have security cameras at the property so that we could keep track of it even while we're not there .[/quote]

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