Investing in a Vacation Home Is a Wise Choice for Many Families

By on April 16, 2018

This is another one of those months when the decision to purchase a vacation house was a great choice. In fact, as your friends back home in the midwest deal with yet another April snowstorm, you are enjoying the warmth of Florida as you spend just a few more days at the vacation home that you purchased five years ago. You and your husband have always enjoyed the condo rentals that you had found when you used to take spring break vacations with your children, so the decision to start looking at vacation houses was a pretty easy one. Beach vacation homes were always your favorite, and ofter investing a couple of months in the search you were able to find one that had the right amount of space, the correct number of bedrooms and bathrooms, and was in the right price range.

Many families enjoy their vacations, but not all of them have the resources to purchase their own vacation house. For those who do, however, the decision can be a good one. When you purchase your own vacation spot you do not have to worry about the hassle of reserving hotels or condos and you do not always have to eat out at expensive restaurants when you travel to your favorite spot. And while vacation rentals are a good solution for many families, a growing number of Americans are finding that the decision to purchase a permanent vacation home allows them to enjoy some of the most beautiful locations in the country.

As more and more Americans are spending their money and their time on experiences, a permanent vacation home is a great way to make sure that family vacations and holiday gatherings are especially memorable. And while the initial investment can be significant, it is reassuring to know that every time that you and your family make a trip to the beach you are paying yourself and not a hotel chain. Americans work increasingly long hours and as a result many of them are looking for ways to make sure that they enjoy their vacations. Owning your own vacation home is obviously a way to make sure that you enjoy the trips that you get to take, whether they are just with your spouse or with your entire family.

Not surprising, the beach is a favorite location for as many as 74% of survey respondents indicating that they like to spend their vacations on the coast. The fact that Millennials are predicted to spend $1.4 trillion on travel each year by the year 2020 is an indicator of how much interest there will be in the vacation home industry in the next five to 10 years.

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