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Reply to "Vacation homes - are you glad you bought one?"
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[quote=Anonymous]Our carrying costs for our Bryce house are around $7k per year but we own the house outright and don't have a mortgage. The house was fully furnished when we bought it. Our property taxes are $1450 per year. Insurance is $900. No TV but internet is $600/ yr. Electric is $1620/ yr (electric baseboard heat and no gas). No yard maintenance (wooded yard, no grass and we own and know how to use a chainsaw if needed). Water bill is $540/ year. The resort membership is about $2k. So with the resort membership we're just over $7k, without it just over $5k. We did have to put a new decking surface on last year ($3400) and have a plumber come out ($200) but those have been the only maintenance costs in seven years of ownership. We may need some siding work at some point.[/quote]
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