Purchasing a Vacation Rental
Buying a vacation home takes on the form of an investment as you look at ways to mitigate the cost of owning and operating a home as a second, or even third, residence.
Besides the usual considerations such as location, size, and amenities, there are many other financial considerations that go along with purchasing a home that will have limited personal use as a primary residence.
Your Vacation Home’s Return on Investment
You want a return on investment from your vacation home. The list of factors that determine your return goes on and on, including: management, maintenance costs, cash flow, and future value.
These considerations add a great deal of complexity to your real estate transaction. So, they require the experience and expertise of a real estate professional qualified to provide assistance and analysis. A professional’s experience ensures your prospective property reaches its highest return potential.
Professionals that specialize in investment real estate provide a wealth of knowledge.
Real estate professionals that specialize in investment real estate understand how to run accurate financial projections and analyze the market when choosing a vacation rental property that will be used to generate a return on investment.
If you’re considering a purchase in Summit County or specifically, Breckenridge, Mark Gossman has over 20 years of working with the management and acquisition of investment real estate.