Buying

There are several On the other hand, people who rent out their vacation home often find that it’s very time-consuming. In addition to It’s no wonder many vacation homeowners hire a rental management company to handle all those day-to-day tasks. Here are the seven best short-term rental management companies. 1. Vacasa The company focuses on whole-family rentals, including single-family homes, condominiums and townhomes. The hallmark of its offerings is 24/7 customer service for renters via phone or app and local management teams in case issues arise. For property owners, Vacasa’s sales and marketing services are a big draw. It provides 3D virtual home tours, professional photography and data-driven, dynamic pricing technology.  Pricing and fees Vacasa’s vacation property management includes a full-service deal, including bookkeeping, marketing and 24/7 guest support. However, pricing varies depending on the needs of the property and the local market. 2. Evolve Since launching in 2011, Evolve boasts a lower-than-average property management fee, starting at 10%. It comes paired with a “risk-free guarantee,” which says they only charge their management fee once bookings are secured. Like Vacasa, Evolve offers dynamic pricing and top-notch marketing. They also don’t limit personal stays, so you can enjoy your home as much as you want. Evolve has listings in destinations from California to New England, the Southwest to Pricing and fees As far as vacation rental management companies go, Evolve is one of the most affordable. However, they don’t include some basic services like cleaning or maintenance. 3. AvantStay If your property is on the larger side, you’ll want to take a look at AvantStay appeals to property owners with specific investment and financial goals and those who want top-notch service. Owners enjoy the services of a dedicated account manager, flexible contracts and included liability coverage. Perhaps the most appealing perk may be the Vacation Club membership, where property owners earn travel credits that can be redeemed for stays at other AvantStay properties.  Pricing and fees As one of the top management rental companies, AvantStay prices and fees mirror their upscale services. You’d need a quote for their package. 4. SkyRun A collective of independent vacation rental companies, SkyRun offers second-home owners two key differentiators. First, their preventative maintenance program uses regular inspections and smart home technology to ensure your home is in good working order for every guest. Second, they don’t charge new owners any onboarding fees.    Pricing and fees SkyRun is a collective of property managers and each may have their own pricing. You have to contact a vacation rental manager and get a quote.  5. Casago Casago is a smaller, Arizona-based property management firm with a combination of resort properties and individual homes in its portfolio. Management services are available in a focused set of locations, mostly Arizona, Southern California and Mexico. However, Their full-service property management includes marketing, filing of local and state sales taxes, utility payments and everything related to renter management, like check-in and check-out, cleaning, maintenance and monthly inspections.  Pricing and fees Casago’s vacation home management pricing depends on the size of the property. They use a commission-based structure. 6. Awning Its services include: guest communication, dynamic pricing and coordination of cleaning and maintenance. Availability and level of service can vary by market, and the platform is best suited for owners seeking a more analytical and structured management approach. Pricing and fees When it comes to vacation home property management, Awning has a distinct payment structure. They optimize their pricing according to various factors, such as the size and location of the property, to maximize returns.  7. Pacaso All maintenance, cleaning and management are handled by Pacaso, so there’s no need to chase rent payments or coordinate guest stays. This makes it the best vacation property management company for those who want the benefits of second home co-ownership without the responsibilities of hosting. Pricing and fees Pacaso’s home property management costs depend on various factors, particularly your share of the property. Pacaso budgets for the year, estimating your monthly costs.  Pros and cons of using a property management company  Hiring a property management company can be a smart move for vacation or second home owners who don’t live nearby or don’t want to manage day-to-day tasks. These companies take over responsibilities, such as guest communication, maintenance, cleaning and marketing. However, that convenience may be costly. Here’s a list of advantages and disadvantages to consider: Pros of using a property management company Undoubtedly, the biggest advantage of using a property management company is knowing that your property is in good hands and renters are being taken care of. You pay for peace of mind. Also, you may get: Cons of using a property management company The biggest owner gripe you’re likely to have about vacation home property management companies is the cost. Here are a few things to keep in mind: How to choose the right vacation home management company As you compare and contrast management companies, it can seem like they’re all offering the same core set of services. Here are a few things to consider when narrowing down your choices: Build equity while maintaining your lifestyle Renting out a second home can help offset co-ownership costs, but it also comes with effort: managing bookings, maintenance, and the unpredictability of guest income. And even with the best intentions, there’s no guarantee rental earnings will fully cover your expenses.  Pacaso offers a different approach. Through hassle-free co-ownership of vacation homes in top destinations, up to eight owners Find your luxury

If you invest in a fractional ownership of a holiday home, you'd have the right to use that property for a predetermined number of days or weeks annually. This approach allows individuals to enjoy the benefits of owning premium assets without bearing the full financial burden alone. In this post, you’ll learn what fractional ownership is, explore its pros and cons and get answers to some frequently asked questions. Understanding fractional ownership You’ll typically find fractional ownership for real estate like vacation homes. However, fractional ownership can also come into play for art, stocks and fashion. When owners purchase real estate assets with fractional ownership, they’re issued deeds representing their fraction of the property.  How fractional ownership works It may sound complicated, but fractional property ownership is pretty cut and dry. Here’s how it works: Types of fractional ownership There are two main types of fractional property ownership structures: an entity, like an LLC, and tenancy in common. Fractional ownership through an entity Some properties split ownership by using a structural entity like an Tenancy in common Tenancy in common (TIC) means each tenant holds an individual deed for a fraction or percentage of a commercial or residential property. However, no one person or company is in charge. With a TIC, individuals can own different percentages of the property but share it equally. Some TIC agreements are self-managed. Fractional ownership vs. timeshares Timeshares may be shared by as many as 52 owners (one person or group for every week of the year) while fractionally owned properties can have as few as two owners.  Benefits of fractional ownership Fractional ownership has many benefits, including shared maintenance costs and upkeep, among others. Here are some of those benefits: Expanded opportunity to own Fractional real estate investments allow you to own a portion of Deeded ownership Unlike a timeshare, fractional home ownership gives you a deed to a fraction of the property itself (sometimes called a Usage rights Unlike short-term Shared upkeep and maintenance costs Using the fractional ownership model, you're also responsible for only a fraction of the property's upkeep and maintenance. This includes taxes, HOA fees, repair bills, landscaping, utilities, Lower upkeep and maintenance burden Most fractional real estate ownership agreements include provisions for long-term property management, with owners deciding how to handle any issues. Maintenance of When you have fractional vacation home ownership through an entity, it will include preventative and Cons of fractional ownership Though fractional ownership has advantages, there are a few drawbacks to consider.  Fewer financing options Fewer banks provide mortgages for those looking to buy properties fractionally. You may need to shop around or consider other ways to Less flexibility and freedom All decisions about maintenance, repairs and decor must go through all ownership partners, which can be a hassle. If you want to sell a fractional property, the other fractional owners must approve the sale, depending on your agreement.  Some fractional property ownership clubs also require you to maintain an agreement with the club or property management company associated with the home, with no option for self-management or management outside the company. Limited travel opportunities While it's not unheard of to own shares in multiple fractional ownership properties in different locations, investing in fractional ownership also means investing in the location you’re going to revisit. Of course, you can still vacation elsewhere, but it's something to factor into your travel plans and budget.  Similar alternatives to fractional ownership Where fractional ownership falls short, Pacaso steps up. Pacaso's professionally managed LLC co-ownership model gives you all the perks and lower co-ownership costs with key differences that set it apart from fractional ownership resort clubs. Unlike fractional ownership resorts, Pacaso offers LLC

You’re ready to buy another home, but are you aware of the Whether you’re searching for a dreamy beach house or a condo in the city that can earn you extra income, this guide will show you the pros and cons of owning multiple homes. Advantages of owning multiple homes  There are many advantages to owning multiple houses, starting with enjoying the perks of having It’s important to note that owning multiple homes comes with many responsibilities, such as 1. Earn rental income Owning multiple homes gives you the opportunity to create a sustainable and passive cash flow stream. Each additional property adds to the total rental income, which can help cover mortgage payments, property taxes, maintenance costs and other expenses associated with owning multiple rental properties. 2. Diversify your portfolio Rental income from multiple homes also offers diversification. It allows investors to spread their investments across various locations and 3. Enjoy a vacation home (or two) Perhaps the biggest advantage of owning multiple homes is the freedom to travel and make the most out of your properties. Whether Disadvantages of owning multiple properties  Although owning multiple homes can potentially help you earn extra income, diversify your portfolio and grant you access to new vacation spots, there are a few drawbacks to keep in mind. Let’s take a closer look. 1. Real estate is generally considered less liquid than stocks, bonds or cash. When you own multiple properties, it can be challenging to quickly convert those assets into cash if needed.  2. With each additional property comes a multitude of costs, such as mortgage payments, property taxes, insurance, maintenance, property management and utility bills. These expenses can add up quickly, putting a strain on your finances. If you buy and sell properties frequently, owning multiple properties may also lead to higher transaction costs, such as real estate agent fees and closing costs. 3. One significant disadvantage of owning multiple homes is the challenge of property management. As the number of properties increases, so does the complexity and time required to manage them effectively. With multiple homes, the workload and responsibilities can become overwhelming for individual owners, especially if you have to go through your Financing for multiple homes can vary depending on individual financial situations and investment goals. Traditional mortgages are common, but they may become limited as the number of properties increases.  Here are a few ways you can buy multiple properties: Regardless of the method, maintaining a strong credit profile and demonstrating a reliable income stream are essential to secure favorable financing terms and ensure you can By renting out the property to tenants, you can offset some of the However, successful rental income generation requires proper property management, including tenant screening, regular maintenance and prompt response to tenant needs. With careful planning and a proactive approach, using a second home as a rental investment can offer an attractive source of passive income.  Depending on how you’ll use the property, the tax considerations differ. Here’s a quick rundown: Consult with a qualified tax advisor who can provide detailed information based on your individual circumstances and The goal is to co-own homes without the hassle. Here’s the checklist you need to keep everything ready and organized: The weekend escapes, the family holidays, the familiar getaway spot — the idea of a vacation home sounds divine. Second homes come with a lot of perks, but also plenty of responsibilities. Between the upfront costs, ongoing maintenance, and time spent managing the property, full ownership isn’t the right fit for everyone. That’s where Pacaso comes in. Pacaso makes second home ownership more accessible by offering co-ownership of luxury homes in Here’s why Pacaso is a smarter way to own multiple homes: It’s the lifestyle upgrade without the financial overload. Just show up, relax, and enjoy your second home. Pacaso takes care of the rest. Now that you’ve got the full picture of how And unlike a timeshare, this model offers real estate ownership. And with a

A You might consider Understanding second homes vs. primary residences Although you might visit a second home for weeks on end, it’s only a personal residence for part of the year. It may be vacant or rented out to others the rest of the time. By contrast, lenders expect your primary residence to take priority because it’s where you live and sleep. You can also own more than one “second” home; a second home is a property Can you have two primary residences? Generally, no, you can't have two primary residences at the same time for tax or mortgage purposes. Even if you split your time between a couple of places, only one can be your official "main" home. This is where you spend most of your time, get your mail, register your car and list on official documents. Lenders offer better interest rates on primary residences because they assume you'll always prioritize paying the mortgage on the home where you actually live. Can a second home be a primary residence? In short, no. Why does occupancy status matter? Your occupancy status matters significantly because it directly influences your financing options, interest rates and how lenders assess risk. Lenders carefully consider how you plan to use a property, as this dictates your financing options. Your primary residence, where you live and sleep, is generally easier to get a mortgage for and typically comes with lower interest rates. Lenders see these loans as less risky, understanding you're highly motivated to keep the roof over your head. Second homes are a different scenario. Although you might visit a second home for weeks, it’s only a personal residence for part of the year. The rest of the time, it may be vacant or rented out to others. These properties typically come with higher interest rates and stricter qualification requirements. You can even use a It’s crucial to be truthful about your intended use when applying for a mortgage, as misrepresenting your occupancy can lead to serious consequences, including your lender demanding immediate full repayment, additional penalties and even bank fraud charges. You can also own more than one "second" home, as it's defined simply as a property secondary to your primary residence. Can you convert a second home into your primary residence? It's worth noting that a property's occupancy status isn't necessarily permanent; you can change a secondary residence into a primary one if it meets the necessary criteria. For instance, a retired couple might choose to downsize and sell their primary home to make their long-time second home their new primary residence.  Since your property's occupancy type directly impacts the specifics of your financing, it's always wise to consult your mortgage lender before making any such changes. Understanding the difference between a primary residence and a second home is important. Knowing the difference helps plan your long-term financial planning, property management responsibilities and even lifestyle choices.  For those seeking a luxury second home without the hassle and expense, let Pacaso make it simple with

Maybe you want to achieve your dream of For many, the most challenging part of purchasing a second home is finding the time to make it happen, especially when juggling the demands of a busy life. It's not just about the hours spent house hunting — it also includes the effort involved in securing financing, managing paperwork, and potentially overseeing renovations. The following nine strategies can help streamline the process and make your dream of a second home a reality, and the best one for you depends on what you plan to do with your first home. Option 1. Get approved for another mortgage Perhaps the simplest and most familiar strategy for how to buy a house when you own a house is to apply for a new mortgage. In this strategy, a bank approves you to hold two separate mortgages simultaneously. You’ll need to have enough cash on hand to cover a down payment and the closing costs for the new mortgage. Option 2. Become a landlord Similar to getting approved for two mortgages, as a landlord you are still responsible for two monthly mortgage payments, but the rental income can help cover your payments.  If you plan to rent out your second home, read your mortgage agreement carefully. Some mortgage agreements prohibit you from renting it out or require you to get the lender’s permission.  Once you’ve confirmed you can rent out your home, get it appraised to determine how much to charge for rent. The amount you charge should cover your monthly mortgage payment on the property. Your lender may also require you to have at least 2% of the mortgage value in investments, cash, etc., to cover the mortgage if you cannot get a tenant. Option 3. Take out a bridge loan A bridge loan is a temporary loan (usually six months to a year) intended to cover the cost of purchasing a new home while waiting for your current home to sell. Also called a swing loan, a bridge loan can finance up to 80% of the value of both your new and current home. When your current home sells, you use the profits to pay back the entirety of the bridge loan and apply for a traditional mortgage for your new home. Option 4. Borrow from your investments Generally, you cannot withdraw from your retirement investments without paying a penalty (usually 10%) and potentially taxes on the amount you withdraw. However, you may be able to You must repay the loan with interest within five years. Some employers may also prohibit you from contributing to your account while repaying a loan. If you have a Roth 401(k), you can withdraw any contributions from your retirement account without penalty. If you borrow any earnings that your contributions accrued, however, you will have to pay a 10% early withdrawal penalty. Option 5. Get a home equity loan A home equity line of credit allows you to borrow against the equity in your home, but it’s not a full balance loan like a home equity loan. Instead, it’s a line of credit you can draw from over time, like a credit card limit. If you have enough equity in your home, you can use your HELOC to cover the entire Option With a cash-out refinance, you refinance the entire value of your home up to 80% of its equity. Whatever you don’t owe on the mortgage, you’ll receive in cash. For example, if you have $100,000 left on your mortgage but the home has $500,000 in equity, you’d be able to refinance up to $400,000. You would walk away with $300,000 in cash to put toward the purchase of your second home. Option If you are 62 or older, you may qualify for a reverse mortgage. Also known as a home equity conversion mortgage (HECM), a reverse mortgage allows you to borrow from your home’s equity without making monthly payments — with the expectation that you will pay back the loan when you sell your home.  Option 9. Explore other types of ownership There are other Get the best of both worlds with co-ownership For those dreaming of that perfect vacation retreat,

Forget everything you thought you knew about vacation property. A quiet revolution is reshaping how we own a piece of paradise, challenging the long-held reign of the While fractional ownership and timeshares promise regular getaways to your dream destination, vacationers want something more. One model offers genuine Is fractional ownership the same as a timeshare? Fractional ownership is not the same as a timeshare because it means you actually own a piece of the property, giving you an equity stake that can change in value. You also get more usage time, often weeks or months, in typically higher-end properties like luxury homes. Timeshares, on the other hand, are just a right to use a property for a short period (usually a week) with no actual ownership or equity gained.  What is a timeshare? Timeshares are a way to buy the right to use a vacation property for a specific amount of time. That means no true property ownership and no gained equity. In most cases, buying a timeshare means paying for one week-long access to a condo, apartment or resort room.  The What is fractional home ownership?  While timeshares might restrict property access to just a few weeks annually, fractional property ownership often grants owners access for multiple weeks a year, contingent on the number of joint owners. Because these units have fewer owners than timeshares, fractional owners often have more of a say in decisions regarding property maintenance and upkeep. Many fractional properties also offer on-site storage for owners. Timeshare vs. fractional ownership: 8 differences Unlike short-term rentals, both timeshares and fractional ownership properties allow you to own part of your vacation experience. Although they share this similarity, these ownership models differ in seven key ways. 1. Number of owners The number of owners is an important factor to consider, since fractional owners may have to communicate and share decision-making responsibilities. Here is what to expect with both vacation ownership models: 2. Scheduling availability As a co-owner, you’ll need to be cognizant of when the shared home is available to book. The number of days or weeks the home will be available largely depends on how many owners there are. Here is what potential scheduling availability could look like for both options: When thinking about it in real-life terms: 3. Equity benefits A Here’s how this shakes out in real life: 4. Management Vacation homeowners can choose to share property management, hire a Here’s what management looks like for both:  5. Maintenance  Similar to management, Here’s what you can actually expect in these situations:  6. Building  One of the biggest differences between fractional ownership of a vacation home and timeshares is the type of structure you’ll be staying in. Here is what to expect: To think about this in the real world:  7. Cost Fractional ownership costs a lot more upfront because you're actually buying a share of a high-end property. Timeshares are cheaper to start, but you only get the right to use the property for a short time. Also, you'll pay ongoing fees that determine how much the average timeshare is per month, often between $140 and $500.  A real-life example looks like this: 8. Resale value  The resale process can look different for both ownership models. Here is what to expect when you’re ready to sell your vacation property: When thinking about this in real life: Other popular vacation options Timeshares and fractional ownership models aren’t the only ways to enjoy a vacation property. Let’s take a look at other popular vacation options like private residence clubs and destination clubs. Private residence club Private residence clubs are similar to fractional properties in that both offer Entry-level prices start at around $165,000 at the lower end of the market, and can easily exceed $800,000 for a private club in a Destination club A destination club grants members proprietary access to its services, which means high-end vacation homes on a non-equity basis in various locations around the world. Members eschew a traditional mortgage payment in favor of membership tiers that offer personalized services and amenities. Inventory is based on availability and can sell out quickly during peak times in popular areas. The Pacaso difference Pacaso’s professionally managed When it comes to fractional ownership vs. timeshare vacation home options, there are pros and cons to both models.  Owning a timeshare comes at a lower price, but you only own the block of time that you’re able to vacation there and will not benefit from equity. Private residence clubs and destination clubs are also worthy contenders for people who aren’t interested in a But if owning a portion of a real estate asset is what you’re looking for, then fractional ownership may be for you. With a

Ever found yourself drawn to a house but unable to pinpoint why? Residential architecture boasts a wide array of styles, each with distinct, often subtle, differences. For many, identifying various house types, like distinguishing a Colonial from a Craftsman, can feel like breaking a code. However, understanding this architectural language isn't merely academic; it's essential for envisioning your ideal living space, whether it's your first or your This isn't just a list. It's an exploration into the fundamental characteristics that define each house style. We're moving beyond superficial appearances to reveal the core features that shape their unique identities. This insight will help you understand how historical influences mold design and enable you to match an architectural style to your lifestyle. Types of house structures Before we get to the different types of houses, it can be helpful to know the common types of home structures. Knowing whether you want a single-family home or a condo can narrow down your search and make it easier to find something that suits your budget and lifestyle. Single-family detached A single-family home is a structure that is not physically attached to other houses. These homes offer the highest degree of privacy and customization by the owner. They are most popular in areas with lower population densities.  These house types are best for families wanting space and a yard, but not ideal for those preferring an urban, low-maintenance lifestyle. Mansion A Mansions are ideal for those wanting ultimate richness and privacy, but they're not suitable for people who prefer low maintenance or city living. Apartment An apartment is a residential unit contained within a larger building or complex. An apartment is only available for renting and requires a contractual agreement with the landlord. Some apartment buildings provide amenities such as pools and fitness rooms.  Apartments are best for individuals or small families seeking flexibility and affordability, but aren't ideal for those desiring privacy, a yard or extensive customization. Row house A row house is a single-family home connected to others by shared side walls, usually with multiple stories. Compared to apartments, row houses offer more space and often a small private outdoor area, but they offer less privacy than detached homes.  Row houses are ideal for those wanting a blend of city living and a bit more room, but not for people seeking large private land, complete detachment from neighbors or a fully maintenance-free life. Condominium A condominium, or condo for short, is an apartment-like unit that is owned by an individual. The owner can make renovations and rent out the unit so long as they do not violate the rules of the homeowners' association (HOA).  Condominiums are great for those wanting homeownership with less maintenance and a convenient location. However, they're not ideal if you need lots of privacy, a big yard or freedom from HOA rules and fees. Co-op A housing cooperative, more commonly known as a co-op, has many similarities to a condominium but with more restrictions. Instead of purchasing a specific unit within the building, the buyer is purchasing shares in the company that owns the building. The number of shares the person owns translates to the size of their unit.  This type of house is best for people who want a strong community and affordable access to good city areas. However, it's not for those who need total control over their property or fewer rules about how they live. Townhome A townhome is a private unit that is attached to at least one other private unit. It usually has exterior access and multiple stories for added space. Townhomes sometimes provide access to shared building amenities. These are increasingly diverse in style, often incorporating elements of modern farmhouse and contemporary styles, and are some of the These styles of houses are ideal for individuals seeking more space and a private entrance, rather than an apartment. However, if you're looking for complete detachment from neighbors or no HOA fees, another home type may be a better fit. Coach home Coach houses, sometimes called carriages, were originally used to house horse-drawn carriages and were converted to be private dwellings. Now, a coach house can refer to any detached unit on the same property as another building. They can be rented out by the property owner of the main house or owned by a second individual.  Coach houses are ideal for individuals wanting a detached home with less upkeep than a larger house and potential rental income. However, they're not great for those seeking a large yard or someone who wants full independence from the main property. Chalet A chalet is the traditional house of shepherds in Switzerland. Today, the term refers to a Winter sports lovers and families wanting a cozy mountain getaway will love a chalet. However, it's not for those who prefer warm weather, flat areas or dislike being isolated. Cabin A cabin is a type of single-family structure defined by its minimalist features and rustic design. It is often used as a vacation residence but can also be a primary dwelling. Cabins are almost always located in remote areas. This home is great for nature lovers and those wanting peace and quiet. However, it's not ideal for people who need easy access to amenities or prefer a social city setting, as they might find it too isolated or uncomfortable. Tiny house A tiny home is usually considered to be any home under 400 square feet. Tiny homes were inspired by the modern trend of people downsizing their possessions and financial burdens. Tiny homes are best suited for minimalists and budget-conscious individuals who value financial freedom and a smaller environmental footprint. However, they are not ideal for families needing significant space or individuals who prioritize privacy and traditional amenities. Mobile home A mobile home is a factory-built house that can be towed to a lot for a semi-permanent residence. The mass-produced nature of mobile homes makes them an affordable option for home buyers.  Mobile homes are often affordable options for people seeking homeownership and a community feel. This type of house may not be ideal for people prioritizing rapid property appreciation, extensive privacy or freedom from community rules. Modular home A modular home has different sections that are fabricated in a factory. The sections are then shipped to the build site and assembled atop the foundation. Unlike mobile homes, modular homes are permanently affixed to real estate and built according to local and state building codes as traditional site-built homes. Modular homes are an excellent choice for budget-conscious buyers seeking faster construction and high-quality, factory-controlled builds. On the other hand, they might not suit those wanting extreme customization or extensive involvement in the on-site building process. Types of houses by architectural style Now that you know the different structures that can make up a home, it’s time to dive into the different house style names and architecture styles you’ll likely come across. When we talk about house styles, we’re referring to the exterior aesthetics of each house and some of its practical functions. As you examine the different style homes available, take note of what is beneficial for the area you live in, versus what is simply decorative, as this can drive costs up unnecessarily. For example, while a home with tall ceilings and lots of windows may be great for hot climates, it’s going to raise heating costs in areas with harsh winters. For those especially passionate about design, you might enjoy exploring some Victorian The Victorian house style came to prominence in the 1830s — during Queen Victoria’s reign — and continued into the early 1900s. These homes are quite large, usually two to three stories tall. This type of house is known for its ornate wooden exterior with gabled roofs and turrets. Defining features: Tudor The Tudor house style came to America in the late 1800s and remained popular into the 1930s. Tudor homes often evoke feelings of an English country manor. They were inspired by medieval architectural elements and incorporated masonry, timber framing and narrow windows.  Defining features: Farmhouse The Farmhouse style is known for its warm and cozy aesthetics. It typically employs hand-hewn beams and wrought iron hardware over a rectangular design. Farmhouse-style homes often have wood flooring, clapboard siding, and contrasting shutters. Some even mimic barn roofs, evoking a charming Defining features: Modern Farmhouse Modern Farmhouse homes blend traditional Farmhouse elements with the sleek, clean lines of contemporary design, resulting in warmth, simplicity and functionality. The style is characterized by natural textures and materials, especially wood and galvanized steel. Color schemes lean toward cream with black trim and fittings, though bolder hues are also used. Defining features: French Country As the name suggests, French Country-style houses take inspiration from homes found in areas like Provence, France. These types of homes share traits with the Farmhouse style by incorporating distressed wood, subdued color palettes and window shutters. They differ in their stone exterior and fireplace.  Defining features: Mid-Century Modern Mid-Century Modern style is all about simplicity, with clean lines, organic and geometric shapes, floor-to-ceiling windows and minimal decoration. Made popular after World War II, Mid-Century Modern design puts function front and center. This type of home also aims to complement the surrounding environment. Defining features: Tuscan/Mediterranean The Tuscan style is a natural fit for areas that mix indoor and outdoor living. It looks particularly fitting in the rolling hills of wine country and sunny Southern California. These kinds of houses feature detailed stonework, lavish balconies with wrought iron railings, terracotta tiles, textured walls and stucco façades.  Defining features: Ranch Ranch houses first popped up in the 1930s and hit their peak in the 1950s. They are known for open living spaces and low-pitched roofs, rarely being taller than one story. Since these homes hit the market during the suburban boom, they often have an attached garage for commuters and a large backyard. Defining features: Split-Level The Split-Level house style is an offshoot of the Ranch style that became popular in the 1950s and 1960s. Its main difference is that it contains multiple stories connected by short flights of stairs.  Defining features: Bungalow The British elite first constructed bungalow houses in the 19th century as simple rest houses. This affordable style was adopted all over America in the 20th century, with offshoots popping up in Chicago, California and Michigan. Bungalow homes are known for their column-supported roofs, large main floors and stone elements, making them a charming option for those considering Defining features: Cottage Cottage houses were first built by working-class English farmers before this type of home was first brought to America. Now, they are ideal vacation homes due to their tight quarters, creating a cozy atmosphere and requiring little maintenance. They can be identified by their wood or wood shingle siding and small front porches.  Defining features: Art Deco Art Deco is one of the most visually distinct types of homes in this list. Like Mid-Century Modern and Cottage, this style can also be applied to certain Defining features: Colonial The Colonial house style in America dates back to the 1600s and draws from English, French, Georgian, Dutch and Spanish influences. These homes are at least two stories tall and have a rectangular frame. They have a symmetrical façade with evenly spaced windows. It is also common for them to have a decorative crown over the entryway that is supported by columns.  Defining features: Cape Cod Defining features: Craftsman The Craftsman style is one of the quintessential American house styles, representing a rebellion against the mass-produced homes in modern developments. These houses are handmade and built to stand the test of time. Each one is unique since they are designed according to the specifications of the owner. Some common traits include built-in shelves, custom fireplaces, and reading nooks.   Defining features: Greek Revival The Greek Revival style arose during the 1800s when people found inspiration in ancient Greek culture. This translated to buildings emulating traits of historic structures like the Parthenon. These types of houses in America had large wood columns that were covered in white plaster to mimic stone. Defining features: Prairie The Prairie house style is a uniquely American creation. Architects created these types of houses to break away from the traditional European styles of the time. With its heavy reliance on horizontal lines and desire to complement natural surroundings, it can be seen as a precursor to the mid-century modern style.  Defining features: Contemporary The Contemporary style refers to homes that are presently being built and do not fall under a previously defined style. They sometimes share elements with modernist styles — such as clean lines — but will also appeal to current trends, like utilizing eco-friendly materials.  Defining features: Find your ideal home with Pacaso Now that you know the types of houses you’re likely to come across during your house hunt, you can narrow your search down to the styles you find most inspiring and practical for your needs.   If you’re currently in search of a

A growing number of Americans are warming up to the idea of mindfulness and zen-influenced practices. In fact, between 2012 and 2017, However, not everyone responds well to the same decor and practices, so tailoring your zen room style to your personality will help you get more of the benefits. Explore our zen room ideas for inspiration on What is a zen room? A zen room is a space where you can isolate yourself from the distractions or negative emotional triggers of the outside world. Traditionally, zen rooms are used for meditation, and having a dedicated area makes it easier to incorporate this practice into day-to-day life.  Today, the concept of zen rooms is taking on many forms. People use zen rooms to focus on the activities that bring them peace and a sense of calm, no matter what those activities may be. Benefits of a meditation space  A meditation room or zen room is a perfect place to enjoy some solitude. It can be a sacred space for relaxation, de-stressing, or simply introducing greater feelings of rejuvenation. This relaxing room can be an ideal location for reconnecting with self-care practices.  What is needed for a zen room? Since the overarching goal of a zen room is to encourage peacefulness, minimizing distractions is a recurring theme. That still leaves plenty of room for personalization, which is partially responsible for zen rooms' growing popularity. Inspiring meditation room ideas include: Cool tones Cool colors and earth tones can increase feelings of serenity. Surrounding yourself with shades of blue, green or purple will aid you in your pursuit of peace. Conversely, using sharply contrasting colors, like blue and yellow, can have a stimulating effect and act as a barrier to getting into the right mental state.    According to experts like Rick Berres, owner of the home remodeling company Minimalism Leaving distractions at the door is an important step toward relaxation. With this in mind, keep things simple when designing your zen room. Avoid decorating your relaxing  space with too many trinkets or pictures. Prioritize only having items in the room that will nurture your mental well-being. Natural light Abundant natural light can increase feelings of calm in your meditation space. Choose a room with ample windows where you can avoid the need for artificial light during the daytime hours. East or west-facing windows may allow for sunrise or sunset views in your sacred space. Even better, consider creating your meditation space outdoors. Negative space Negative space is an area that is not being occupied by an object. It is an important design element to apply when pursuing minimalist ends. Properly implementing negative space will keep the room from feeling either too cluttered or too bare.   Plants Spending time in nature is linked to Scents Aromatherapy can be used to induce relaxation. This can take the form of incense, candles or essential oil diffusers. Stay away from scents that are very strong — especially if you are in a small space — as they can get irritating over prolonged periods in your meditation space. According to Lily Wili, CEO of 7 The type of zen meditation room that is right for you is heavily dependent on your personality. Here we’ve constructed four types of personalities, informed by the 1. Meditation room  Great for: Strategists  A meditation room is the classic zen room. Its primary purpose is to center oneself to increase mental peace. A dedicated meditation room can even have physical benefits, like reducing the wake time of insomniacs by Strive to keep distractions to an absolute minimum. Objects that don’t directly aid your focus should be left in other areas of your home. If possible, select a room that gets plenty of natural light. A sheer fabric can be used as a window shade to diffuse intense light.  Since meditation rooms do not require many objects or a large area, sometimes it isn’t necessary to use an entire room. You can design a meditation corner that takes up minimal space while still providing peacefulness.  “Regardless of how devoted you are to mindful meditation, the space that is created for sitting (zazen) is important,” says Anne-Marie Emanuelli, creative director of 2. Music room Great for: Creatives and free spirits Music can give a profound Bring your music collection or instrument into the room — whether you already play one or want to learn. Having a private space to express yourself, free from scrutiny, could not be more important.  This is one zen room idea where it is fine to bring in extra knickknacks if they bring you joy. A poster from a concert you went to or your favorite band’s merch is all fair game. It’s all about surrounding yourself with things that elicit positive emotional feelings.   3. Reading room  Great for: Creatives and strategists The principles behind a reading room are very similar to a music room. Surrounding yourself with books that you are fond of or look forward to reading can bring out comforting feelings similar to a favorite album. Reading can bring down your cortisol levels — a hormone related to stress.  The number of books you keep in this relaxing space is limited only by the available shelving. Keep your books organized to avoid feelings of claustrophobia and disarray. If the room is in order, your mind will be less likely to wander from the words on the page. Try sorting books by size or color to discover which produces more calming decor. Get a comfortable chair or couch that you can spend hours in.  4. Hobby room Great for: Free spirits and practical dwellers Sometimes the best way to find inner peace is through actively doing what you enjoy. People who do things they enjoy benefit from Dedicating a spiritual room to your hobbies can help pair the two and lead to constructive mental and physical growth. Your Adorn your walls with the tools you use. Display completed projects that you’re proud of. Even enjoyable hobbies can lead to stress when things aren’t going right. By decorating with reminders of past successes, you can recenter yourself more easily and get the rewards of a zen room.   The greatest hindrance to a hobby room is clutter. Cleaning the space after every session will help you get into a flow more quickly each day.   5. Green room Great for: Practical dwellers While most zen styles incorporate natural elements, green rooms take it to the extreme. Cover your floors and walls with plants to fill the space with green leaves and the colors of blooming flowers.  Incorporate furniture that’s practical but doesn’t overwhelm the space. Chairs and couches with low backs can make room for plants to hang low and envelop you in a forest of your creation.  The aesthetic quality of the plants is only part of the appeal of this room. The act of caring for the plants day to day is where you will find even more benefits. Surrounding yourself with houseplants can help 6. Yoga room  Great for: Creatives and free spirits The meditative nature of yoga makes it easily integrate with the concept of a zen area or minimalist meditation room. While yoga can lower stress levels, it also can Since you won’t want many objects hindering your movements, optimize negative space in the room. Keep objects tight against the wall so that you’ll have free range of motion. Mirrors can be helpful when working on your form, but they can be a distraction when trying to focus. Having the option to draw curtains over the mirrors can increase the functionality of the room as a whole.    “For yoga or somatic therapy, anything that requires movement, keeping furniture to a minimum and allowing open space to practice is key,” says Eva Prettyman, principal designer of 7. Weight room Great for: Strategists and practical dwellers A strenuous activity like weight lifting may seem like the opposite of “zen” to some people, but it’s all about your mindset. Exercise can Leave daily worries at the door and focus solely on reaching new personal bests. The regimented structure of workout routines can bring order to the chaotic structures of daily life.   It’s important to find a balance between the cold practicality of normal weight rooms and the coziness of a zen room. Keep weights and workout accessories well organized to prevent chaos from spilling in. Use ambient sounds like trickling water to drown out distracting noise.  How to create a meditation room when you don’t have a lot of space Not everyone has an extra room in their home to create a dedicated meditation space. A meditation room must often do double duty as another functional space similar to a home office, bedroom or patio. And that’s okay. Here are some tips for creating a meditation space and relaxing environment for yourself when there’s not a full room available: Incorporating elements of zen into your daily life can have a profound impact on your mental health. If one of these zen room ideas seems like a good fit for your lifestyle, experiment with our suggested design styles. You may like it so much that you implement it in your

If you bought your A So, how much does a property manager cost in 2024? We’ll break down all the factors,  from property types to the climate of the housing market, that contribute to property management costs– plus, highlight which ones apply to short-term or long-term rentals. 1. Property management fee structures There are three ways Let’s explore each property management fee structure more in-depth, plus share their pros and cons. Percentage of monthly rent In this arrangement, One advantage of this model is that Flat fee Also known as a fixed-rate fee model, in this arrangement, Using this model, you may go through periods when your property management fee only makes up a small portion of your monthly earnings. When your rental isn’t generating much income, however, it may feel like a significant expense. If you don’t intend to rent out your vacation home, a property manager could charge a flat fee to look after your property while you’re away. The upside to Guaranteed income fees It’s also possible to The property management company will propose a rate based on how much income they think the 2. Type of property The 3. Condition of the property Older homes are generally subject to more repairs and maintenance. If your property is older, you may incur higher property management fees than you would with a newer home — even if it’s been renovated.  4. Property size and amenities In general, the larger your property, the higher the property management fees will be. This is because the more square footage you have, the more space the property manager will have to manage and maintain.  If your property includes special 5. Location Properties in high-traffic tourist areas or harsh weather environments may be subject to higher-than-average property management fees. For example, urban locations tend to have lower management fees than beach or 6. Market climate Similar to how rent prices reflect 7. Rent collected vs. rent due An important distinction to bear in mind is the difference between property management fees based on rent collected vs. rent due. Here are the main differences: Make sure your property management contract explicitly states which model you’ll use during your partnership to avoid payment discrepancies.  8. Other typical property management fees When hiring for a property management company, look for a company that is straightforward about its fee structure and any additional setup costs or fees. Here are some additional fees property managers may charge depending on the property type..  Account setup fee When you first sign on with a property management company, they may charge a one-time Advertising fee The cost of advertising your property on social media or within the property management team’s network is an additional service that could result in an advertising fee. Although this isn’t necessary, it is a good option to consider if you’re struggling to find tenants or don’t live nearby. Bill payment fee Some property management companies may also charge a separate fee  for the hours spent paying recurring bills like homeowners association (HOA) dues, utilities or even the property’s mortgage. This fee is typically around Early termination fee This fee is only applicable when homeowners terminate their contract with a property management company earlier than expected. Eviction fee Evictions can result in court appearances and costly legal fees. The total amount of this fee may depend on how time-consuming the eviction process is on a case-by-case basis. Late or unpaid service payment fee When homeowners are late on their property management payments or don’t pay them at all, a property manager may charge an absence of payment fee. Lease renewal fee Since a lease renewal potentially reflects your property manager’s sound performance, some property management companies may charge a small fee for every lease they’re able to renew. A Maintenance fee Most contracts cover basic maintenance in their fees but often limit what they include. For example, you may have to pay extra for things like snow removal and landscaping. Or they may be specifically excluded, and you’ll need to schedule those services with your own vendors.  New tenant placement fee Whenever a property manager secures a new tenant or lease, you may have to pay an additional fee equal to 2% of your rental’s revenue. Some management agreements also include the cost of cleaning the property between renters. Others separate this into a per-cleaning fee. If it’s the latter, you’ll likely want to pass this cost along to your renters.  Reserve fund fee A reserve fund is what some property managers use when unexpected fees arise or when they need to pay recurring bills on your behalf. This may be an ongoing cost since you may need to refill the fund when it gets low.  Returned check fee A property manager may charge anytime you or a renter provides a bounced check or invalid form of payment that results in an additional round of payment processing. Vacancy fee Depending on your agreed-upon fee structure, some property managers may make less when your property is vacant. In that case, a vacancy fee can give the property manager the funds to continue maintaining the property.  So, how much do property managers charge? Although their base fee can be 8% to 12% of the rent, there is a long list of additional fees to factor into the total cost, leading some homeowners to DIY property management. If learning

Cryptocurrency is proving to be less of a trend and more of a force that’s here to stay. And with a single Bitcoin ringing up at a value of over $60,000 (as of October 2021), it makes sense that cryptocurrency investors are thinking big when it comes to tapping into the power of their crypto stashes.  Can you use cryptocurrency to buy a house? If you’re considering using Bitcoin, Ethereum, Dogecoin, Litecoin or one of a number of other cryptocurrencies to purchase a home, you’re not alone. It’s becoming increasingly common, but there are some challenges to be aware of, and the volatility of the cryptocurrency market can make some transactions complicated.  Former child actor Brock Pierce, now an entrepreneur and director of the Bitcoin Foundation, is reportedly the first person to use cryptocurrency to buy a home, using $1.2 million worth of Bitcoin as collateral to secure a loan for a property in Amsterdam in 2019.  While not everyone can be a “Bitcoin billionaire” like Pierce, you can convert your cryptocurrency into real estate. Here’s how (and some pitfalls to watch out for).  How do you buy a home with cryptocurrency? There are a few options for using cryptocurrency to Convert cryptocurrency to cash One of the simplest ways to use your cryptocurrency nest egg to buy a home is to sell the cryptocurrency for fiat money (dollars) using a service like Borrow against cryptocurrency Companies like Transfer cryptocurrency directly to the seller While it can be challenging to find a seller willing to accept cryptocurrency as payment for a home, many sellers are warming up to the idea. In fact, some sellers are looking to acquire Bitcoin, Ethereum and other cryptocurrencies. In those cases, offering cryptocurrency might push your offer to the front of the pack.  What are the pros to buying a home with cryptocurrency? While pros and cons of buying a home with cryptocurrency may be different depending on which method you choose, here are a few pros to consider:  What are the cons to buying a home with cryptocurrency? As enticing as cryptocurrency may be, it’s still something of an unknown entity in the real estate industry. When considering buying a home with cryptocurrency, watch out for these drawbacks: The bottom line If you want to buy a home with cryptocurrency, do your homework and be prepared to face some hurdles. If you’re not sure you’re cut out to be a cryptocurrency pioneer, consider giving the real estate industry a few years to get more comfortable with digital currencies before dropping any cryptocurrency on a house.  But if you don’t want to wait, consider using cryptocurrency to buy a share of a Pacaso second home. The process is streamlined  — no hurdles!

Dreaming of waking up to ocean waves and balmy breezes? You're not alone. In 2023, While coastal Our guide will break down the four steps of buying a beach house and discuss the pros, cons and considerations of owning a second home by the water. 1. Understand the beach house market In 2023, the luxury modern beach house market was valued at Some areas, particularly those popular with tourists or As By understanding these dynamics, you can enter the beach house market with a realistic perspective on pricing and competition. Location is key, so researching specific coastal communities is crucial for making informed buying decisions. Financing options to buy a beach house For example, conventional loans for vacation homes often require a higher For those who don't require full-time ownership, Co-ownership allows you to enjoy the benefits of beach living without the full financial burden and responsibility of sole ownership. 2. Find the best beach house location While the allure of beachfront living is undeniable, location goes beyond just proximity to the water. Consider the following when searching for the best place to buy a beach house: Prioritizing these preferences will help narrow your search and ensure your beach house becomes a true haven. For example, if you're a 3. Evaluate the long-term value of a house near the beach Beyond the initial purchase, consider the long-term value proposition of your beach house. Owning beachfront property can be a fantastic By carefully evaluating the following points, you can ensure your beach house becomes a tailor-made space that fulfills your coastal living dreams: While the allure of beachfront living is undeniable, factoring in the property's long-term usability is essential. If this amount of upkeep seems overwhelming, consider hiring a 4. Complete inspections and due diligence Before finalizing any purchase, thorough inspections and due diligence are crucial to avoid These could range from structural issues due to age and wear to potential problems with plumbing or electrical systems exposed to the harsh beach environment. For example, research flood zones and storm risks in your chosen location because, while beachfront property offers stunning views, beach living might also be more susceptible to flooding or storm damage.  Standard homeowners insurance typically doesn't cover flood damage, so factor in the cost of beach-specific flood insurance when Pros and cons of owning a beach house Owning a beach house offers a unique lifestyle with undeniable advantages, but it also comes with challenges and considerations that go beyond the idyllic vacation picture. Let's dive into both sides of the equation to help you decide if a beach house is the perfect fit for your dream home. Advantages of buying a beach house Owning a beach house isn't just about proximity to the water. It unlocks a lifestyle brimming with advantages: These are just a few of the many advantages that owning a beach house can bring. But remember, the decision requires careful consideration.   Disadvantages of buying a beach house While the allure of beachfront living is undeniable, it's important to acknowledge the potential drawbacks before making a significant purchase. Here are some of the challenges that come with owning a beach house: By acknowledging the challenges alongside the undeniable advantages, you can make an informed decision that aligns with your lifestyle and financial goals. Things to consider when buying a beach house Beyond the idyllic vision of beachfront living lies the reality of By carefully considering these factors, you can confidently approach beach house buying. Remember, a beach house can be a magical escape, but with thoughtful planning and proactive maintenance, it can also be a sound financial decision that brings you joy for years to come. Co-own a beach home Owning a beach house might seem out of reach due to the high cost of purchasing and maintaining a waterfront property. But what if you could enjoy the benefits of beach living without the sole financial responsibility? Co-ownership through a platform like Pacaso presents an innovative solution. Pacaso offers

Travelers seeking adventurous stays without the hotel price tag enjoy the convenient features Let’s find the best option for your next vacation. Sonder vs. Airbnb rental types Sonder, on the other hand, is a boutique-style hotel found in over 40 cities across the globe. Guests only have the option to book entire units and are supported by Sonder staff rather than individual hosts. Sonder generally caters to short-term stays and provides hotel-style amenities like bathroom supplies and coffee. Sonder vs. Airbnb user interface Both vacation rental websites have convenient apps you can download on your mobile device. While searching for a place to stay, both rental sites offer these filter options: Given the appeal of Airbnb’s unique stays, not all rental units have Wi-Fi, television or even electricity. However, guests can browse through extensive accessibility features and choose to stay somewhere that meets their needs. All Sonder stays are equipped with high-speed internet and contactless check-in. Sonder does not currently offer Sonder vs. Airbnb selection Given that Airbnb has various rental types in almost every country in the world, guests in need of a stay right away may have If security and a seamless check-in experience are your priority, Sonder has you covered. Since its listings are only available in major cities, Sonder vacation rentals can be a great option for those visiting tourist destinations. Sonder vs. Airbnb prices and fees Sonder charges a set rate for every unit it lists. This fee includes the price of lodging, cleaning and administration. The only other fees guests will be responsible for are tax and cancellations.  Sonder offers a Flex Rate at checkout that offers guests free cancellation and a full refund on their booking for a premium. However, bookings canceled within three days of a reservation do not qualify for a refund or free cancellation. Airbnb, on the other hand, charges a service fee for using its platform and a cleaning fee that can vary depending on the host. Guests can choose the Refundable Rate at checkout for free cancellation within 48 hours and a partial refund a week before the scheduled stay. AirCover by Airbnb is a free comprehensive coverage plan that guarantees all guests a similar or better booking in the event that they cannot check into their accommodation, the host cancels on them within 30 days of their booking or their unit isn’t as advertised. If a similar or better unit is not found, guests will be given a full refund. Sonder vs. Airbnb reviews Airbnb offers both guests and hosts up to 14 days to leave a review. A review is not mandatory for either party, and only hosts are able to respond to reviews left on their listings. Since guests have up to two weeks to share feedback, you may not have access to the most recent experiences of previous renters. Unlike Airbnb, Sonder does not have a rating or review system on its website. Since the platform chooses to operate like a hotel, each listing shares what guests can expect when they book the unit. Third-party reviews, however, are readily available on mainstream travel sites such as TripAdvisor and Booking.com, similar to hotel stays. Sonder vs. Airbnb customer service The Sonder app grants guests access to 24/7 customer support, and in-person attendants are available if virtual communication is unable to resolve the issue. Customer service at Sonder is able to provide guests with fresh towels, coffee refills and no-contact check-ins and checkouts. The customer service experience at Airbnb depends on the listing and the host’s level of involvement. Airbnb provides 24/7 virtual chat services to all guests under its AirCover coverage plan, however, in-person representatives are unavailable. Hosts may be available to help resolve issues, although this depends on the listing and is not consistent within the platform. Sonder vs. Airbnb safety Sonder emphasizes security and health safety within each of its buildings, and guests can select listings with a doorman for an additional layer of comfort. Contactless check-in helps keep guests safe while traveling and units are cleaned after each booking. Airbnb allows guests to share their itinerary with family and friends, which is especially helpful for solo travelers who prefer to stay in remote areas. It is the host’s responsibility to clean and maintain their listings,  the hygiene standard can vary across bookings. Contactless check-ins are available but are not standard. Another option for long-term stays: Second home ownership Sites like Airbnb and Sonder offer convenient booking options for occasional adventures. Travelers who find themselves drawn to the same destination, however, have another option that can save them money in the long run. Rather than wasting time and money looking for vacation rentals, you own a home that you can return to year-round and enjoy a consistent luxury experience. As a co-owner of a Pacaso, you can choose the amount of ownership that's right for you and schedule stays in your home. Pacaso acts as the property manager, taking care of the interior design, furnishings, cleaning and maintenance, as all you have to do is show up and enjoy. So when it comes to Sonder vs. Airbnb, both rental websites offer guests a convenient way to travel internationally. But is one better than the other? That depends on what you need out of your vacation rental. However, if you frequent a particular destination and are searching for a secure and comforting way to enjoy your favorite place, owning a