Reply to Vacation homes - are you glad you bought one?

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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]OP here.  Thank you for the replies.  We are looking in Davis, WV.  Definitely not a market you invest in to make money.  We are looking to enjoy the area with our kids.  I am not interested in renting it out except to friends and family.  I love the idea of just leaving our stuff there and never having to pack gear.  The market is pretty dead there so I'm thinking we could spend around 125K and get something decent.  I'm not too sure on [b]maintenance costs - maybe 3-5K a year.[/b]  If anyone has an idea on what they plan for costs, feel free to share.
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It's not just maintenance costs but also utilities.  Are you going to have cable?  I'd figure at least 10-20k per year for a vacation home in upkeep, landscaping, utilities, majntenance etc.  what about cleaning supplies and furnishing the property?  Bedding for each bed?  Cookware and food?  Add taxes on top of that.  Of course you don't earn a return on any of these costs!  Which is why I'd prefer to spend the 10-20k on vacations with my family and not deal with the hassle of a vacation home.  
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I have a vacation home and still take vacations. It's not an either/or.[/quote]

Of course you can do both. I'm simply assuming someone who is buying at Bryce and budgeting 3-5k a year in maintenance costs maybe isn't going to plan on both vacations AND the vacation home.

Also my point is that I'd rather just travel the whole time instead of sink money into a vacation home.  There are many people out there who have no idea how much the cost of maintaining a second home is and if they knew would probably just choose to stay at hotels or air Bnbs and not have the hassle of keeping up a second home. [/quote]

Ok, great for you. However this is a thread started by someone asking people who actually own vacation homes.  As the target audience for this question i'm here telling you that a vacation home is more than just a vacation. For us it's a place our entire family gathers, cousins, aunts, uncles, and grandparents. It is really our home and back here in the souless sprawl of  DC is where we work to live.  When we arrive at the doorstep of our second home all the tension of DC leaves andnit becomes a weekend that focuses 100% on family.

When we vacation we vacation. We take a good 3 weeks off a year to travel. We peobaly only sleep in our primary residence 250 nights a year.[/quote]

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