Buying a vacation home in your favorite go-to destination can be a great investment and it can allow you to create memories for years to come. Owning a vacation home is a big decision. Here are some pros and cons to consider.
Pros

• It can provide passive income.
• You control when you use it and when it is rented.
• There could be tax benefits.
• It could be your future retirement home.

Cons

• It can be expensive: mortgage (unless a cash purchase), insurance, utilities, and property management fees if you plan to rent it out.
• On-going maintenance.
• Down payment for a vacation home is often bigger than it is for a primary residence.

Right Size Realty can help you find and purchase a vacation home on the Mississippi Gulf Coast or find an agent in another location to help you purchase your dream vacation home.

References:
Nesbit, J (December 12, 2022). 8 Things to Consider Before Buying a Vacation Home. U.S. News.  Retrieved from: https://realestate.usnews.com/real-estate/articles/things-to-consider-before-buying-a-vacation-home