Did you know that the share of vacation homes increased to 5.5% in 2020 and an average of 6.7% from January-April 2021?

This shows that more and more people are interested in buying a vacation home. A vacation home can offer many benefits, such as relaxing, enjoying nature, or spending quality time with your family.

If you are considering buying a vacation home, you might wonder why and how to do it. This guide explores some of the reasons and tips for buying a vacation home and how we can help you find your dream vacation property. Read on to learn more.

Is Buying a Vacation Home a Good Idea?

Buying a second home is not only a great way to enjoy your leisure time, but also a smart investment. Not sure about investing in one? Here are some of the reasons why you should consider buying a vacation home.

Save on Travel Expenses

Instead of paying for hotels, flights, and car rentals, you can simply drive to your own place and enjoy your stay. You can also rent your vacation home and generate extra income when it’s not in use.

Diversify Your Portfolio and Hedge Against Inflation

St. Louis and St. Charles real estate is one of the most stable and profitable investments. Buying a vacation home can increase your net worth and build equity over time. Additionally, in a seller’s market, real estate prices tend to rise as there are more buyers than properties available.

You can also benefit from tax deductions, depreciation, and appreciation. And when you’re ready to sell your vacation home, you can benefit from the appreciation in home sale prices.

Enjoy the Lifestyle and Amenities of Your Chosen Location

Whether you prefer the beach, the mountains, the lake, or the countryside, you can find a vacation home that suits your preferences and needs. You can also take advantage of your vacation destination’s local attractions, culture, and community.

How to Buy a Vacation Home?

Shopping for a vacation home is similar to buying a primary residence, but there are some differences and challenges that you need to be aware of. Here are some tips on how to buy a vacation home.

Determine Your Budget and Financing Options

Before buying a vacation home in St. Louis, you need to know how much you can afford and how you will pay for it. Take into account the down payment required, your credit score, and your income. You may also need to consider the extra costs of maintenance, utilities, insurance, taxes, and property management.

Choose Your Location and Property Type

The location and type of your vacation home will depend on your personal preferences, lifestyle, and goals. You may want to choose a location that is close to your primary residence or that offers year-round activities and attractions. You may also want to choose a property type that is easy to maintain, rent out, and resell.

Get a Professional Real Estate Agent

Buying a vacation home can be a complex and stressful process, especially if you are unfamiliar with the St. Louis real estate market and regulations. That’s why you need to hire a professional real estate agent who specializes in vacation properties.

Did you know that the Sarah Bernard team specializes in selling vacation rental homes in Innsbrook, Missouri? This is one of the top travel destinations in our area for couples and families, and it’s only an hour from St. Louis. If you are searching for Innsbrook Resort real estate for sale, the Sarah Bernard Realty Team can help you do more than pinpointing houses to view. They can help you find the perfect home that inspires you and exceeds your dreams.

It’s important to enlist a good agent to help you find the best deals, negotiate the best terms and handle the paperwork professionally. They will also connect the homeowner with other professionals such as inspectors, appraisers, lenders, and lawyers.

Contact the Sarah Bernard Realty Team Today!

If you are interested in buying a vacation or second home in or near the St Louis area, look no further than Sarah Bernard Realty Team today!

Our real estate services have helped many clients find their dream vacation properties. We will listen to your needs, answer your questions, and provide personalized solutions. Contact us today to get started.