1. Vacation Property Walkthrough: Introduction
  2. Vacation Property Walkthrough: Reasons To Purchase Vacation Property
  3. Vacation Property Walkthrough: Considerations When Choosing A Vacation Property
  4. Vacation Property Walkthrough: Timeshares And Fractional Ownership
  5. Vacation Property Walkthrough: Financing A Vacation Property
  6. Vacation Property Walkthrough: International Vacation Properties
  7. Vacation Property Walkthrough: Maintaining A Vacation Home
  8. Vacation Property Walkthrough: Renting Out A Vacation Home
  9. Vacation Property Walkthrough: Selling A Vacation Property
  10. Vacation Property Walkthrough: Conclusion
People purchase vacation homes for getaways, income and retirement. A growing number of people are looking outside their home country for vacation properties to take advantage of lower home values, lower costs of living, and immersion in different cultures and climates. Whether or not a vacation property will be rented out, the owner may wish to hire a property management company to handle routine maintenance responsibilities. This is particularly important if the owner is located several hours or more away from the property and will not be able to effectively maintain the property. Certain tax implications apply to both owning and selling a vacation property. A qualified tax specialist can be consulted for clarification.


Related Articles
  1. Personal Finance

    The Complete Guide To Vacation Properties

    A step by step look at everything you need to know about purchasing vacation properties.
  2. Managing Wealth

    Economics of Owning a Vacation Home

    Discover the financial factors behind owning a second home and how weighing your options can determine if a vacation home is right for you.
  3. Personal Finance

    How To Afford A Second Home

    Saving enough to buy a vacation home involves some unique considerations including a big down payment and more lending hurdles.
  4. Personal Finance

    Strategies To Buy The Perfect Vacation Home

    Ask yourself these six questions to make the right decision about a vacation property.
  5. Personal Finance

    Read This Before Buying a Vacation Home with Friends

    Going in with friends to buy a vacation home will save you on the mortgage and expenses. But if there's conflict, it could end up costing your more.
  6. Personal Finance

    Vacation Home Or Income-Producing Investment?

    There is an alternative to letting your cottage sit empty all year, but turning a profit won't be easy.
  7. Trading

    Tips For Renting A Vacation House

    Follow these nine steps to get a picture-perfect summer shack at a great price.
  8. Personal Finance

    Getting U.S. Tax Deductions On Foreign Real Estate

    If your home or second home is not in the United States, you can still get U.S. tax deductions. How many and what kind depends on whether you also rent it.
  9. Personal Finance

    The Complete Guide To Becoming A Landlord: Hiring A Property Manager

    A property manager can perform such duties as marketing your rental property, selecting tenants, maintaining the property, creating budgets and collecting rent. You may consider hiring a property ...
  10. Personal Finance

    Investing In Property Out Of State

    If you can't afford property close to home, consider taking the real estate plunge elsewhere in the country.
Trading Center