After your recent dream vacation, you may feel like you’ve discovered the perfect vacation home. It’s the ideal getaway; a special place that you and your entire family enjoyed and could do so for many years to come. Why throw money down the drain by renting when you can invest those funds to own a property that will likely continue to appreciate? Sounds like a great investment, right?

While these emotions are perfectly normal, acting on them can lead you into serious financial trouble. Before you jump in, evaluate the purchase objectively, based on the true cost of ownership. While many vacation home properties skyrocketed in value by 30-60% during the pandemic, that
trend is unlikely to continue.