Why Buying a Vacation Home Beats Renting One This Summer

May 23, 2023

For many of us, visiting the same vacation spot every year is a summer tradition that’s fun, relaxing, and restful. If that sounds like you, now’s the time to think about your plans and determine if buying a vacation home this year makes more sense than renting one again. According to Forbes:

“. . . if the idea of vacationing at the same place every year makes you feel instantaneously relaxed, buying a vacation home might be a wise move.”

To help you decide if making a move like this is right for you, let’s explore why you may want to consider purchasing a vacation home today.

Benefits of Owning Your Vacation Home

You don’t have to worry about finding a place to stay. It can be a challenge to find a rental where you want, when you want. Some summer vacation destinations are more popular than others, meaning your favorite place may be booked up in advance. Bankrate explains why owning your vacation home means you don’t have to worry about that sort of inconvenience:

“. . . a second home can offer a place to have quality time with your family and ensures that you always have a vacation destination.”

It’s an investment. Home values typically appreciate over the long haul. That holds true for your vacation home as well, especially if it’s in an area with growing market demand. This can help grow your net worth with time.

Vacation homes may provide tax benefits. If you own a vacation home, you may be eligible for tax deductions based on where it is. However, before buying, you’ll want to consult with a tax professional to discuss first as taxes can vary by location.

It could potentially turn into a retirement location. If you love the location of your vacation home, you could potentially sell your primary residence and retire there in the future.

How a Pro Can Help You Find Your Perfect Match

As you’re preparing for summer vacation, remember, you could potentially visit your second home instead of another rental unit or hotel. If that sounds appealing to you, a

local real estate agent is your best resource. They have the knowledge and resources to help you understand the area and what vacation homes are available in your budget. Plus, these agents can explain the perks of how owning a second home can benefit you.

Bottom Line

If any of these reasons for owning a vacation home resonate with you, reach out to me.

Marcus Bruno
(281) 969-3817

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About the Broker/Owner

Marcus Bruno

I am a licensed real estate broker with over 20 years of experience in the industry. I started my career in 2000 as a real estate agent, and in 2010 I became a broker. I have a passion for helping people find their dream homes and negotiate the best deals. I specialize in residential real estate, and I have extensive knowledge of the local market and trends. In 2015, I moved to Houston with my family and in 2018 opened Bruno Fine Properties Inc, a real estate brokerage that serves the Spring area and surrounding communities. I am a proud father of five beautiful girls, and I have been happily married to my wife Malika Bruno since 2003. When I am not working, I enjoy spending time with my family, playing golf, and reading. I am always eager to meet new clients and look forward to sharing my knowledge.

Remarkable service for remarkable you!

testimonials

When we decided to sell our home and look for a new one, we firmly resolved not to make any compromises and to settle only for the house we really wanted, with all the attributes we chose as ideal. We realized this would take a good while, and so we warned our agent that he needed to be very patient; we did not want to feel rushed. It took two whole years to find the house of our dreams and Mr. Bruno stayed the course all the way. He is like Job: perseverant to the end. Note that we only wrote one contract on a house, and it was for the one we bought, thanks to the help and guidance of our agent.

Cindy & Bruce Wein

I signed up Marcus to sell my house in Tomball TX in July 2017 based on all positive testimonials and just one phone conversation since I was remotely located (California). I had a positive vibe in that one single conversation. We had an offer in the making within a month - mid Aug 2017 when unfortunately my house flooded late August during Harvey. Marcus took the lead in arranging water remediation within hours of after water receded as well lined up all help to initiate repair of the house. He went above and beyond his role as a realtor to help me in that tough situation especially since I had already moved to California. We relisted the house for sale in Jan 2018 and the house was sold at the best possible price given the circumstances in mid-Feb. What I liked about Marcus - his in-depth experience and understanding of the market (18+ years of experience!), his immensely rational approach, his nature to work closely with the buyer and balance out things in all situations - flooding, repair, losing one buyer in Jan 2018 as the buyer could not qualify for loan and finally sealing the deal with another buyer in Feb 2018. Marcus stuck with me throughout the rough ride since Aug 2017 until Feb 2018. He guided me throughout to make the right decisions. At length, I say, I have earned a friend for life in him!! I would like to sincerely recommend Marcus for any real estate needs. I guarantee you will be very happy in doing so

Avinash Taware

I would like to recommend our real estate agent Marcus Bruno. Here is the review I gave him on the sale of our home.

5 stars

Marcus listened to our needs and ideas and worked as a team with us which led to a very profitable sale with minimal issues. It was a very smooth transaction. He was very pleasant to deal with and minimized stress for us in the whole process. He was also very proactive and organized in planning everything which lead to 26 showings and more than 20 people at an open house all within 2 days. We had over 9 offers from that 2 days. So we didn't have to leave the house on the market for longer than 2 days and disrupt our lives with nuisance showings. He was very savvy with negotiating, picking the best buyer, and using leverage to give us the best deal.

Nicole & Justin Adcock

Marcus paid particular attention to our specific needs in the selling of our condo. He kept our requirements in mind and provided precise and professional advice to assist us when we had to take decisions. However, what we found most helpful among the services he provided was his explanation of the entire process as we went along. He was able to answer each question in detail, and indicate the next steps to be taken.

Obadiah and Jenea Johnson

What struck me most was that when I asked a question, I got an honest response, and when the facilitators didn't know the answer, they knew where to look up the information and get back to us about it. One of the great aspects was that there was an attorney present to give answers "from a legal point of view". Lastly, the handouts were clear and concise--really helpful and not something to put away in a binder forever and always. I would recommend this seminar to anyone who is planning to buy or sell a home and is new to the world of real-estate.