8 Reasons to Buy a Vacation Home, Part 1

Buying a vacation home is a huge financial decision, but it is one that can bring many advantages. If you are thinking about purchasing a vacation home soon, here are some of the ways you can benefit.

1. Simplify future vacation planning. If you buy your vacation home in a location that you frequently visit, you will remove a lot of the work of trip planning in the future. You will no longer need to worry about booking accommodations. Since you can keep some of your possessions in your second home, you also do not need to pack as much when you depart on your trip. You might even find yourself going on vacation more often; scheduling a trip is a lot easier when no reservations are required, and finding the energy is also easier when it doesn’t involve so much work.
2. Save money on vacation accommodations. Staying in hotels can be very expensive, especially if you are visiting a location on-season. If you like to visit for weeks or even months at a time, the financial drain can be especially demanding. Buying a second home is also expensive, but it delivers you a lot of added value that you would never get out of a hotel.
3. Enjoy a “home away from home.” Some people love staying in environments like hotels that feel far-removed from their everyday lives. But other people dislike that feeling, and much prefer to stay where they feel at home, surrounded by familiar objects and routines. If you are in the latter category, being able to stay in your own home can be a huge upgrade to your experiences visiting your favorite vacation destination. You also do not need to deal with rules and restrictions set by a hotel manager; it is your home, and you are in charge. That means you can use it in ways that you may not be able to use a hotel room, such as hosting large parties. You can come and go when you please with no check-ins or checkouts.
4. Stay connected to a special place. Many people choose to purchase a vacation home in a place that has special meaning to them. Perhaps it is where you grew up, or where you travel most frequently, or it is a place where a major life event took place. Or maybe it is just a location that you find especially beautiful or relaxing. Regardless, when you own a home there, you will feel connected to it even when you are back at your primary residence. You become a part of the local community, rather than simply a tourist.

Buy Your Dream Vacation Home

Now you know a few of the ways you can benefit from owning a vacation home. Be sure to read on to 8 Reasons to Buy a Vacation Home, Part 2 to discover more advantages of buying a second home. Ready to apply for a mortgage for your vacation home? Please contact us at (248) 788-0800 to schedule your consultation. We can help you buy a vacation home in Michigan or 14 other states.