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A vacation home provides tremendous benefits, including a source of semi-passive income as a potential vacation rental.
But there are also some surprising costs that come with owning a vacation home that could cost you extramoney.
Read on for the value and surprising costs of a vacation home andwhether or not its worth it.
But before you invest, its wise to consider the costs involved.
Here are five expenses to be aware of before you put a down payment on that dream getaway.
Some homes are in high-cost-of-living areas, Reed said, but many are in rural prefs.
Vacation homes often require specialized landscaping for larger or more unique properties, Reed said.
These costs add up.
These costs can include electricity, heat and internet connectivity, which can cost more in rural areas.
Is a Vacation Home the Right Choice for You?
Gen Z isnt far behind boomers in their travel aspirations.
This earned the cohort the designation of travels fastest-growing consumer segment according toTravel Age West.
A diversified portfolio is best at any stage of life.
Weigh the purely financial aspects against the emotional value the home provides, Reed said.
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