Vacation-home ownership is a goal on many a bucket list, and it can be a smart investment. There’s an advantage to having a consistent, comfortable place to unwind, not to mention potential tax advantages and rental opportunities.
If you’re hoping to build a second home as a vacation retreat, what are your objectives? Is your first priority quality of life and getting the most out of your private getaway? Or is your aim to build a simple place to visit every now and then, and do it at the lowest possible cost?
Don’t misunderstand me — there’s nothing wrong with either approach. I simply bring it up because before you start, you must honestly and thoroughly review your intentions with this place. Then, and only then, can you make a sound plan, establish a realistic budget and
