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Real Estate
Reply to "Should we buy a beach house?"
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[quote=Anonymous][quote=Anonymous]OP - second homes are a lot of money. Just keeping internet/cable/phone operable year round (which you will want, because it's a hassle to pause the service as you come and go) is going to be $200 a month for some basic plans. Then homeowners insurance, property taxes, utilities, etc are all ongoing expenses. Then the costs of periodic maintenance. And the dealing with periodic maintenance. My parents have a beach place that they use for 5 months a year and we pass through at other times. Every second time we go, we walk in and something is wrong: the a/c is broken, the toilet is leaking, the hot water heater is leaking. So you arrive at 7pm on a Friday and have to shift into panic mode about how you're going to get someone there to fix the a/c asap. It's very different than living in a home and waking up on a Tuesday to a broken a/c. You just stay home from work the next day and have someone fix it. [/quote] we have a beach house and the utilities are about $200/month during the 3 peak summer months down to $75 during the 6 winter months. Our biggest expense is internet which is $50 a month year-round... we don't have cable but use Amazon Fire TV via the internet. We have homeowner's and flood insurance on the property and these are another $150-200 or so per month combined. We've owned for 3 years and have never had issues with things breaking. In fact, the only expense we've had is to replace a fence that was knocked down by the wind.. We're 4 houses from the beach and the house was built in 1940. [/quote]
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