• About
    • About The Healthy Voyager
    • Press
    • Work With Me
    • Disclosure and Privacy Policy
  • HVTV
    • The Healthy Voyager Travel Show
    • The Healthy Voyager’s Global Kitchen
    • The Healthy Voyager’s TV Guest Appearances
    • Healthy Voyager Radio
  • Recipes
    • Appetizers
    • Beverages
    • Breads
    • Breakfast
    • Desserts
    • Dressings & Sauces
    • Entrees
    • Holiday
    • Kid Approved
    • Sandwiches
    • Sides
    • Snacks
    • Soups & Salads
  • Travel
    • Africa
    • Arctic
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Europe
    • Latin America
    • Middle East
    • Oceania
    • USA
  • Lifestyle
    • Eco Corner
    • Entertainment
    • Fashion & Beauty
    • Finance
    • Gifts
    • Healthy Voyager Approved
    • Holidays
    • Home
    • Product Reviews
  • Wellness
    • Fitness
    • Health & Beauty News
    • Mind + Body
    • Pets
    • Relationship Corner
    • Parenthood
    • Weight Loss
    • Women’s Health
  • Shop
    • Cookbook
    • Healthy Voyager Merchandise
    • The Healthy Voyager’s Apothecary
    • When Cris Met Kringle
    • Entrepreneurial and Business Coaching
    • Financial Coaching
    • Travel Industry Consulting
    • Restaurant, Bar and Food Service Consulting
    • Wellness Coaching
    • Travel Credit Card Referral Bonuses
    • Winter Wonderland
    • Restaurant Appetizers
  • Contact
99K
58K
0
26K
2K
The Healthy Voyager
The Healthy Voyager
  • About
    • About The Healthy Voyager
    • Press
    • Work With Me
    • Disclosure and Privacy Policy
  • HVTV
    • The Healthy Voyager Travel Show
    • The Healthy Voyager’s Global Kitchen
    • The Healthy Voyager’s TV Guest Appearances
    • Healthy Voyager Radio
  • Recipes
    • Appetizers
    • Beverages
    • Breads
    • Breakfast
    • Desserts
    • Dressings & Sauces
    • Entrees
    • Holiday
    • Kid Approved
    • Sandwiches
    • Sides
    • Snacks
    • Soups & Salads
  • Travel
    • Africa
    • Arctic
    • Asia
    • Australia
    • Canada
    • Caribbean
    • Europe
    • Latin America
    • Middle East
    • Oceania
    • USA
  • Lifestyle
    • Eco Corner
    • Entertainment
    • Fashion & Beauty
    • Finance
    • Gifts
    • Healthy Voyager Approved
    • Holidays
    • Home
    • Product Reviews
  • Wellness
    • Fitness
    • Health & Beauty News
    • Mind + Body
    • Pets
    • Relationship Corner
    • Parenthood
    • Weight Loss
    • Women’s Health
  • Shop
    • Cookbook
    • Healthy Voyager Merchandise
    • The Healthy Voyager’s Apothecary
    • When Cris Met Kringle
    • Entrepreneurial and Business Coaching
    • Financial Coaching
    • Travel Industry Consulting
    • Restaurant, Bar and Food Service Consulting
    • Wellness Coaching
    • Travel Credit Card Referral Bonuses
    • Winter Wonderland
    • Restaurant Appetizers
  • Contact
  • Lifestyle

Buying a Vacation Home: What It Means for Your Lifestyle, and Whether It’s Worth It

  • August 1, 2021
Total
0
Shares
0
0
0

beach house decorThere are many things you can buy that amount to status symbols. For example, you might purchase yourself a Rolex watch that you can flash every time you leave the house. Having something that expensive on your wrist is a bold declaration of the kind of disposable income you have.

If you get something like that, it will garner some attention, and presumably, that’s what you want. Some billionaires do precisely the opposite, though. They dress very casually and plainly to disguise how much money they have.

If you have some disposable income, and you feel like you want something more practical than a high-end watch or an expensive sports car, a vacation home might top your list. There are certainly some notable negatives as well as positives that go along with it, so let’s talk about them right now.

You Can Make Some Memories There

If you’re going to get something with your disposable income and use it as a status symbol, it might be something like a Harley Davidson if you like a little danger on the weekends. You might even get some motorcycle camping gear if you like the idea of motoring down the highway, finding a camping site, and stretching out by the fire with the stars overhead.

However, doing something like that is probably only suitable if you’re single. If you married someone or you’re cohabitating, and if you have some kids, you’ll probably want to get something all of you can enjoy if you’re not selfish.

If you buy a vacation home, that’s a place where you and the whole family can go on the weekends sometimes. You might get a house on the Jersey shore and spend long, hot summer days there, playing on your private beach or having BBQs with friends.

This is appealing because of the memories you can start to build. Later on in life, when the children are grown, you might look back at the time spent in your vacation home as some of the happiest of your life.

You Have to Carry the Tax Burden

On the flip side, if you do elect to buy a vacation property, you will have to carry the tax burden that goes along with it. If you buy the house outright, you won’t have mortgage payments about which to worry. However, you will have to pay hefty property taxes on the place every year, and that can be a significant bite when tax time rolls around.

If you can’t buy the property outright, you’re probably putting some money down and getting a mortgage. Say that you also have a house that’s your primary residence, and you have mortgage payments on that as well, not to mention school taxes and homeowner’s insurance. If so, paying taxes on that vacation home might feel like too much of a burden.

Renting Out the Property

There is a possible solution, though. If you enjoy the idea of having that vacation home because it can be a status symbol and emblematic of your overall opulent lifestyle, you might buy it outright and then rent it for part of the year. Again, going back to the Jersey shore idea, perhaps you purchase a property in Cape May or Avalon.

Maybe you want to be there three months out of the year, but the rest of the time, the place will sit empty. You can contact a rental company and have them manage it for you if some individuals or families want to rent it the rest of that time.

In places like Cape May or Avalon, the town comes to life in the summer. The rest of the year, there are not as many people there, and since the weather is cold, not as many individuals want to stay in those houses.

Still, you might be able to rent out your property there to someone who wants to pay less to stay in a picturesque location. They can’t afford to stay in the house during the busy summer tourist season, but they will pay a nominal fee to remain there during the off-months.

This can be a way you have your vacation home, yet you’re making a little money off of it to even out those property taxes. In this sense, buying a vacation home can improve your lifestyle and make your family happy, and it won’t be so much of a financial burden.

Related Posts:

  • Should You Be Worried About Your Financial Situation?
    Should You Be Worried About Your Financial Situation?
  • Top 5 Reasons to Relocate to San Antonio
    Top 5 Reasons to Relocate to San Antonio
  • 4 Mortgage Tips to Know If You’re Self-Employed
    4 Mortgage Tips to Know If You’re Self-Employed
  • 6 Alternative Investments To Boost Your Retirement Fund
    6 Alternative Investments To Boost Your Retirement Fund
  • Why Staying Close To Home Is The Most Relaxing Vacation You Can Have
    Why Staying Close To Home Is The Most Relaxing Vacation You…
  • Surviving on One Income
    Surviving on One Income
Total
0
Shares
Share 0
Tweet 0
Pin it 0
Tags
  • buying
  • tips
  • vacation home
Carolyn Scott-Hamilton

The Healthy Voyager, aka Carolyn Scott-Hamilton, is the creator and host of The Healthy Voyager web series, site, and overall brand. An award winning healthy, special diet and green living and travel expert, holistic nutritionist, plant based vegan chef, best-selling cookbook author, media spokesperson, sought after speaker, consultant and television personality, Carolyn Scott-Hamilton is a respected figure in the world of healthy lifestyle and travel as well as special diet cooking and nutrition. The Healthy Voyager aims to help people live well, one veggie at a time!

1 comment
  1. Impossible Game says:
    January 7, 2022 at 1:24 am

    Have you ever encountered a problem that seemed out of your control? And how do you deal with them? Have you really focused on entertainment? Or do you just take a break from work and still think about it? Impossible Game will be the solution to help you forget everything to have a time of real entertainment, and also a way for you to know where your limits are!

Leave a Reply

Your email address will not be published. Required fields are marked *

Meet The Healthy Voyager
Carolyn Scott, The Healthy VoyagerHi! I'm Carolyn Scott-Hamilton. I'm a Latina holistic nutritionist, vegan chef, cookbook author, speaker, show host, consultant and healthy travel and lifestyle expert. From video web series and travel articles, to product reviews and healthy, vegan and gluten free recipes, you'll find lots of info for a happier, healthier and greener lifestyle! After all, Life is a voyage, live it well!
Follow The Healthy Voyager
Follow Us on FacebookFollow Us on TwitterFollow Us on InstagramFollow Us on PinterestFollow Us on YouTubeFollow Us on LinkedInFollow Us on About.meFollow Us on iTunesFollow Us on E-mailFollow Us on IMDbFollow Us on Amazon.comFollow Us on Snapchat
Subscribe to My Newsletter
Enter Your Email Address
For Email Marketing you can trust
Shop
Healthy Voyager TV
Aruba is not what you think it is…It’s so much more! So excited to share my latest article on this magical island 🤩 *Link to post in bio* Special thanks to @arubatourism @boardwalkhotelaruba and Chef urvincroes @taki_aruba many more who made this trip so special ☀️ #aruba #onehappyisland #thearibaeffect #HvonTour #whereintheworldisthehealthyvoyager #travelshow #worldnomads #topdecker #instatravel #instashare #travelzoo #wanderlust #instahub #topdeck #instagood #instago #travel #followme #ladiesgoneglobal #lonelyplanet #gltlove #skyscannerambassadors #femmetravel #luxuryworldtraveler #gtl #femaletravelcollective #travacs #thediscoverer #latinastravel #beach
If you’re a fan of Stranger Things then you gotta check out the Stranger Things Experience! A fully immersive and interactive walk through experience makes guests feel like they’re truly inside the world of Stranger Things. If you make it out alive, you get to spend time eating, drinking, playing and shopping at Mix Tape. Blasting great 80s jams, it feels like spending a night out at the roller rink and mall, all at once! Super fun for fans of all ages, get your tickets here: https://bit.ly/3WgxtXh  #StrangerThingsExperience #sponsored #strangerthings #netflix #tv #upsidedown #80s #nostalgia #vegan #nostalgia #streaming #mixtape #demigorgon #hawkins
Welcome! I’m Carolyn Scott aka The Healthy Voyager! I’m a super adventurous, Latina, award winning travel show host, media personality, holistic nutritionist, plant based foods chef, best selling author, speaker, consultant and serial entrepreneur 💖 I love to help people live happier, healthier, greener and more meaningful and balanced lives at every age so welcome to my page! For more information, be sure to click the link in my bio as well as visit HealthyVoyager.com 🥰  #HvonTour #whereintheworldisthehealthyvoyager #travelshow #worldnomads #topdecker #instatravel #instashare #travelzoo #wanderlust #instahub #topdeck #instagood #instago #travel #followme #ladiesgoneglobal #gItlove #skyscannerambassadors #femmetravel #luxuryworldtraveler #gtl #femaletravelcollective #vegantravel #solotravel #vegan #plantbased
Welcome! I’m Carolyn Scott aka The Healthy Voyager! I’m a super adventurous, Latina, award winning travel show host, media personality, holistic nutritionist, plant based foods chef, best selling author, speaker, consultant and serial entrepreneur 💖 I love to help people live happier, healthier, greener and more meaningful and balanced lives at every age so welcome to my page! For more information, be sure to click the link in my bio as well as visit HealthyVoyager.com 🥰  #HvonTour #whereintheworldisthehealthyvoyager #travelshow #worldnomads #topdecker #instatravel #instashare #travelzoo #wanderlust #instahub #topdeck #instagood #instago #travel #followme #ladiesgoneglobal #gItlove #skyscannerambassadors #femmetravel #luxuryworldtraveler #gtl #femaletravelcollective #vegantravel #solotravel #vegan #plantbased
Welcome! I’m Carolyn Scott aka The Healthy Voyager! I’m a super adventurous, Latina, award winning travel show host, media personality, holistic nutritionist, plant based foods chef, best selling author, speaker, consultant and serial entrepreneur 💖 I love to help people live happier, healthier, greener and more meaningful and balanced lives at every age so welcome to my page! For more information, be sure to click the link in my bio as well as visit HealthyVoyager.com 🥰  #HvonTour #whereintheworldisthehealthyvoyager #travelshow #worldnomads #topdecker #instatravel #instashare #travelzoo #wanderlust #instahub #topdeck #instagood #instago #travel #followme #ladiesgoneglobal #gItlove #skyscannerambassadors #femmetravel #luxuryworldtraveler #gtl #femaletravelcollective #vegantravel #solotravel #vegan #plantbased
Excited for the new season of The Healthy Voyager launching in February which will take viewers to even more cool places around the globe, season 17! But in the meantime, here’s a little reel on Jordan, episode will debut this new season ☀️ #HvonTour #whereintheworldisthehealthyvoyager #travelshow #worldnomads #topdecker #instatravel #instashare #travelzoo #wanderlust #instahub #topdeck #instagood #instago #travel #followme #ladiesgoneglobal #lonelyplanet #gltlove #skyscannerambassadors #femmetravel #luxuryworldtraveler #gtl #femaletravelcollective #travacs #thediscoverer #latinastravel #jordan #petra #wadirum
Facebook 99K Likes
Twitter 58K Followers
Instagram 0 Followers
Pinterest 26K Followers
YouTube 2K Subscribers
LinkedIn 0
Snapchat

Follow HealthyVoyager on Snapchat!

Copyright The Healthy Voyager 2023

Input your search keywords and press Enter.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish.Accept Read More
Privacy & Cookies Policy

Privacy Overview

This website uses cookies to improve your experience while you navigate through the website. Out of these, the cookies that are categorized as necessary are stored on your browser as they are essential for the working of basic functionalities of the website. We also use third-party cookies that help us analyze and understand how you use this website. These cookies will be stored in your browser only with your consent. You also have the option to opt-out of these cookies. But opting out of some of these cookies may affect your browsing experience.
Necessary
Always Enabled
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Non-necessary
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.
SAVE & ACCEPT