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Now that you own a vacation home, it’s time to learn how to properly care for your asset. Our vacation home maintenance checklist includes the weekly, monthly, quarterly and annual tasks that will keep your home in pristine condition, as well as a remote maintenance checklist so you can manage things from afar.  Knowing how to maintain a vacation home means staying ahead of major shifts in temperature, weather patterns and potential repairs. We’ll cover seasonal to-do’s you should know, plus helpful tips to consider while using our vacation house checklist. If second home care isn’t something you have the bandwidth to tackle on your own, consider becoming a The ultimate vacation home checklist for routine maintenance With the help of our vacation home maintenance checklist, you’ll be able to stay on top of your home’s essential tasks year-round. To use the checklist: Whether your Below, we’ll cover what maintenance tasks you need to complete in each time frame. Weekly vacation home maintenance Performing these maintenance tasks every week can help keep your vacation home in great shape. If you’re unable to tend your vacation home weekly, consider hiring a Monthly second home care Some vacation home maintenance responsibilities don’t require your weekly attention. Complete these tasks every month to keep your vacation home running smoothly: Seasonal home maintenance checklist  No matter what Yearly vacation home maintenance checklist  At the beginning or end of every year, it’s important to assess any damage your vacation home may have endured. While you’re at it, complete the following maintenance tasks to prevent further wear and tear: Absentee maintenance checklist  If you Remote maintenance checklist Even when you’re miles away, staying connected to your property helps keep everything running smoothly year-round. From smart technology to professional services, here are simple ways to maintain your home remotely and keep it in top condition. Second home property management  Between seasonal upkeep and annual inspections, managing your property can quickly become overwhelming. That’s where a trusted partner like Pacaso makes all the difference. With Pacaso, you enjoy the benefits of second home ownership without all the hassles. Explore what co-ownership of a fully managed vacation home can offer you and your family. Each Pacaso home is equipped with a dedicated Does managing a second home seem overwhelming? Explore what co-ownership of a fully managed vacation home through Pacaso can offer you and your family. Each Pacaso is equipped with a dedicated property manager, allowing you to prioritize the enjoyment of

The kids have left for college or jobs, and your once-bustling home is quieter than ever. The Here are 20 activities and events by region and season. Northeast empty nest ideas  The Northeast is full of seasonal activities to enjoy year-round. From local New England festivals to iconic events in the Big Apple — there are plenty of empty nester activities to enjoy here. Spring: Cherry blossom viewing One of the most enchanting places to view cherry blossoms in the Northeastern U.S. is the Brooklyn Botanic Garden in Brooklyn, New York. Each spring, typically in late April or early May, the garden's Sakura trees burst into a breathtaking display of pink and white blossoms. Buffalo, New York, is home to Buffalo Cherry Blossom Festival, a gathering full of great music, food and blooms. Summer: Firefly viewing Head to Fall: Apple picking One of the quintessential autumn activities in the Northeast is apple picking, and a wonderful place to do this is at Winter: Ice skating Located in Central Park and framed by the city's skyline, the Midwest empty nest ideas The Midwest has so much to offer for nature lovers and empty nesters. Try something you’ve never done before or relish in the familiarity of local seasonal events. Spring: Tulip festival In the Midwest, one of the most vibrant flower festivals to attend in spring is the Summer: Visit the Great Lakes Lake Michigan is an excellent choice for a summer visit to the Great Lakes. Its sandy shores and clear waters make it perfect for swimming, sunbathing and water sports. For a more urban experience, you can explore Milwaukee along its western shore, Chicago on the southern shore or venture to small beach towns like Traverse City, Michigan, to the northeast.  Fall: Visit a cider mill In the Midwest, visiting a cider mill is one of the best Winter: Ice fishing Lake of the Woods in northern Minnesota is a premier destination for a classic ice fishing experience. Visitors to the "Walleye Capital of the World" can set up ice shanties, drop their lines and try to catch walleye, sauger and northern pike. The adventure features the cozy camaraderie of fellow ice anglers from near and far. West Coast empty nest ideas From water sports to wine-tasting, the West Coast has it all and then some. Head up north for captivating views of world-famous mountain peaks, or soak up the SoCal lifestyle by the beach. Wherever you go, bring your camera to capture the memories. Spring: Go whale watching One of the best places to whale watch on the West Coast is Monterey Bay, California. Spring is the peak season for whale migrations along the Pacific coast, and Monterey Bay offers abundant opportunities to spot gray whales, humpback whales — and even the occasional orca. Don’t be surprised if your first visit quickly turns into one of your favorite Summer: Go surfing In the summertime, one of the prime surfing destinations on the West Coast is Huntington Beach, California. Known as "Surf City USA," this iconic spot offers consistent waves and a vibrant surf culture. With its long, sandy beach and various breaks catering to different skill levels, it's a fantastic place for surfers of all abilities.  Fall: Sample wines Calling all empty nesters who love to sip back and relax. For an unforgettable wine-tasting tour experience, head to California's Winter: Visit a national park With the scorching desert heat subsided, the cooler temperatures make exploring Southwest empty nest ideas The Southwest is far more than just cowboy country — although horseback riding is first on the agenda. Luxury hot springs and river adventures await you in the desert landscape. Spring: Try horseback riding Head to the Summer: Go river tubing What do empty nesters do to beat the southwestern summer heat? You float down the Salt River near Mesa, Arizona, with a cool drink in hand. With the desert landscape in the background, grab a tube and cruise through breathtaking scenery. Numerous outfitters in the area provide tube rentals and transportation to the launch points, making it accessible for all ages. Fall: Camping One of the best ideas for empty nesters who love the great outdoors is to go camping in autumn. The crisp air makes hiking, fishing and stargazing more comfortable. Winter: Soak in a hot spring Pack your bags for a fall getaway to Truth or Consequences, New Mexico, where luxury hot springs with towering mountain views await you. Whether you want to soak in the public baths or book a private hot spring suite, Southeast empty nest ideas Last but not least, the Southeast promises thrilling experiences for empty nesters who love history, leisure and being near pristine water. With various landscapes to enjoy, these Spring: Boating Boating is one of the more relaxing activities for empty nesters to enjoy before it gets too hot. Consider Lake Norman in Summer: Visit a botanical garden The Fall: Take a haunted house tour For a spine-tingling experience, head to the historic city of Savannah, Georgia, and embark on a haunted house tour or two. Known for its rich history and eerie legends, Savannah offers numerous ghost tours that guide you through its haunted mansions, cemeteries and squares. Winter: Head to the beach One of the best empty nester ideas is to hit the beach. Visiting the Florida Keys in the winter means soaking up the sun and enjoying everything you’ll love about at a tropical destination — like snorkeling and seaside dining. Catch the spectacular sunsets from Key West's famous Do these empty nest ideas already have you thinking about how to stay at these destinations year-round? If you could see yourself enjoying a seasonal home away from home in one of the regions, consider

Although it may take some time, embracing an From candlemaking to scuba diving, there is an 1. Travel If your dream has always been to travel the world and experience different cultures, there is no better time than now. You can start small by planning day trips to nearby cities and local attractions. However, if And if you fall in love with a vacation destination, you might want to consider owning a second home there. A fully managed 2. Volunteering Volunteering is an impactful and meaningful hobby for empty nesters who want to fill their new free time with purpose and joy. Volunteering can help you connect with your community, get to know your neighbors, learn new skills and contribute to a cause you care about. Whether you love animals, children, nature, art or simply helping those in need, there is a volunteer opportunity nearby waiting for you. 3. Dance lessons If you’re looking for a creative way to break a sweat, you might want to consider taking dance lessons. Dancing is not only a great form of exercise but it’s also a wonderful way to express yourself while going through the transition to empty nesters. Whether you prefer ballroom, salsa, swing or hip-hop, you can enjoy learning new steps and the social interaction that comes from dance. 4. Foster a pet Fostering a pet can be a fulfilling hobby for empty nesters who miss their children. Pets can offer unconditional love, companionship and affection while providing home to animals in need.  Fostering a pet also has the advantage of being flexible and temporary. You can travel to 5. Learn a new language Learning a new language is a great hobby for empty nesters who want to keep their brains sharp. There are many resources and methods available to help you learn a new language at your own pace. You can also set realistic expectations and celebrate your progress along the way. Learning a language can give you opportunities to also learn about the history, traditions and values of the people who speak it.  6. Gardening Gardening is as rewarding as it is relaxing. It’s a hobby that can help parents cope with the transition of their children leaving home by providing a sense of accomplishment and a connection with nature.  Gardening has the potential to improve physical and mental health, as it involves being outdoors and interacting with a variety of living organisms. Anyone can start gardening at a low cost via raised garden beds, indoor containers or small plots. 7. Beekeeping If you find yourself with an empty nest, consider creating your own hive. Beekeeping is a hobby that can bring joy and satisfaction to empty nesters who are looking for a new challenge and a way to contribute to the environment. Not only can you enjoy delicious honey and beeswax products from your own hives, but you can also help the environment by supporting the pollination of flowers and crops.  8. Bird-watching Bird-watching can be done from your backyard, at a nearby park or even in exotic locations around the world — making it the perfect hobby for anyone interested in having a second home in Enjoy the challenge of spotting rare or elusive birds. Consider participating in projects that involve collecting and reporting data on local bird populations to help researchers and conservationists protect these unique creatures. 9. Fishing Fishing can be enjoyed solo or in a group setting. It’s a hobby anyone can try, regardless of their skill level or budget. All it takes is some basic equipment, patience and a willingness to learn. Fishing also offers you the chance to learn more about the aquatic ecosystem, local marine species and conservation efforts happening in your area. 10. Hiking Hiking is a hobby for empty nesters that can help you rediscover yourself. You can set your own goals, pace and schedule, and enjoy the freedom and flexibility that comes with having more time for yourself.  You can also use hiking as an opportunity to bond with your spouse or partner, who may also be going through the same difficult emotions. It can challenge you both to learn new skills, explore new places and connect with nature. Consider booking a hiking trip in the mountains and staying at a 11. Camping Searching for a hobby that gets you back to the basics and provides an instant connection to the great outdoors? Then grab your gear, pack your bags and hit the road for unforgettable camping adventures. This hobby can be as mild or intense as you’d like by choosing from different types of accommodations such as tent camping, RV camping, backpacking or glamping.  12. Snorkeling Snorkeling is a relaxing hobby for empty nesters who want to explore the underwater world. Snorkeling does not require any special training or equipment other than a mask, snorkel and fins. You can snorkel in any clear and calm water, such as lakes, rivers or oceans. 13. Scuba diving Scuba diving is for thrill seekers who want to dive deep and experience underwater ecosystems. Whether you are a beginner or an experienced diver, there are many opportunities to scuba dive all around the world. From coral reefs to shipwrecks, you’ll never run out of subterranean playgrounds to explore. 14. Running Running can be an enjoyable and beneficial way to prioritize your health. All you need is a pair of running shoes, some comfortable clothes and a positive attitude. You can start running slowly and gradually increase your distance and speed as you get fitter and more confident. You can also vary your routes and routines to keep things interesting and challenging. For example, compare how it feels to run along the 15. Biking Biking is a low-impact exercise that can improve your cardiovascular fitness, strengthen your muscles and bones, and reduce stress. As a hobby, biking offers many opportunities to explore new places and enjoy nature. Whether you prefer neighborhood biking, mountain biking or biking through the city, there is a bike and a trail waiting for you.  16. Golf Golf is a popular hobby for many people who have more free time after their children leave home. It’s a low-impact sport with courses all over the world, so it can also involve travel and stays at golf resorts. You can even purchase 17. Tennis Tennis is another sport that can be enjoyed by people of all ages and skill levels. You can choose to play casually or competitively, depending on your goals. Playing tennis can help you develop coordination, agility and strategy skills. Whether you want to have fun, challenge yourself or make new connections in your community, tennis can be the perfect active hobby for empty nesters. 18. Painting Painting is a wonderful hobby for empty nesters who want to let their creativity flow and express their emotions during a time of transition. You can display your paintings in your home (or 19. Cooking Cooking is one of the best activities for empty nest couples who are searching for a simple way to reconnect. You can work together (or solo) to experiment with new recipes, flavors and ingredients or revisit old favorites.  You don’t have to be a foodie to fall in love with cooking. In fact, it can become a fun way to prioritize your nutrition and reduce eating-out expenses. This hobby is also a great way to break in a 20. Pottery Making pottery is perfect for those who don’t mind rolling up their sleeves and getting their hands dirty. Pottery can help you discover new aspects of yourself, enjoy the process of creating something beautiful and create unique works of art that can be used on a daily basis. From vases, bowls and mugs to one-of-a-kind sculptures that become the focal point of your 21. Sewing If you’re searching for a practical hobby that helps you reduce waste and express your creative side, look no further. Sewing can turn scraps of fabric into quilts, clothing and bags. This hobby is also a fun way to experiment with fashion and create customized clothes that are tailored to your body and personality. Share the fruits of your labor with your family and friends or sell your goods online for extra cash. 22. Knitting Knitting has a reputation of being one of the most common things for empty nesters to do, and for good reason. For empty nesters who are missing their little birds, knitting offers a creative way to make handmade gifts for those you love. It also serves as a way to make practical clothing accessories that are perfect for visiting your favorite 23. Photography Photography is an ideal hobby for empty nesters because it can spark your creativity, .  help you express yourself and capture the beauty of the world around you. Enjoy experimenting with different cameras, lenses and shooting styles — or just play with your phone camera. From landscapes to portraits to starry skies, there are muses to be found anywhere. 24. Candlemaking Making candles is the perfect hobby for empty nesters who love to use essential oils and create a relaxing ambiance. This hobby can also help you share your love of aromatherapy with your family and friends in the form of customized candles. 25. Music lessons One way to cope with the transition into empty nest life is to pursue a hobby that you have always wanted to try or improve. Taking music lessons can help your brain process information in different ways while expressing your emotions and learning new skills. Whether it’s singing, reading sheet music or learning how to play an instrument, music lessons challenge your mind — keeping it active and sharp.   26. Jewelry making Jewelry making is all about self-expression. It allows empty nesters to express their creativity and personality through original designs. To begin creating your own jewelry and accessories, you’ll need basic tools and materials like pliers, wire cutters, beads, wire, clasps and hooks. Or you can take classes in working with metals and precious stones.  27. Home renovation Home renovation can be a dynamic hobby that allows empty nesters to cultivate their design skills, improve their living space and increase the value of their property. Home renovation can be tailored to your budget, skills and preferences. From simple DIY projects to major overhauls, you are in control of how much work you take on at once and what your home will look like in the end. 28. Blogging Blogging is one of the best things for empty nesters to do if they want to keep advancing their technical skills and become an expert on a certain topic. You can blog about another hobby you enjoy, a subject matter that interests you or simply share your lifestyle and daily routines. Since blogging is commonly done on a computer, it is the perfect hobby for those who already have a functional 29. Journaling Journaling is the practice of writing down your thoughts, feelings, experiences and goals on a regular basis. It can help you process your emotions, gain new perspectives and document your personal growth after your children leave home. It’s a process that can potentially lead to other hobbies like blogging or simply remain a method of recording your life experiences. 30. Reading Reading can challenge, inspire, educate and amuse empty nesters. Fiction lets you  escape into a different world and nonfiction helps you understand the real world. Self-help books can give you tools to improve yourself while memoirs help you relate to someone else's experiences.  The best part about this hobby is that you can enjoy it anywhere — on the beach, at a coffee shop or in the coziest spot of your 31. Podcasting A podcast is an audio-only series that covers just about anything under the sun: true crime, comedy, news, sports, health and fitness, and much more. Starting a podcast is not as hard as it may seem, and it can be a good way to dive deeper into a topic that interests you. You don't need any special skills or expensive equipment to get started. All you need is a computer, an internet connection and a microphone. 32. Collecting As an empty nester, you can collect anything that appeals to you: stamps, coins, books, art, antiques or memorabilia from travel. Take advantage of your empty nest by devoting a room to organizing and displaying your collections. 33. Meditation Meditation can have many benefits for people of all ages, but it can be especially helpful for empty nesters who may experience feelings of loneliness, sadness or anxiety after their children leave home. Meditation can help empty nesters cope with these emotions by providing them with a relaxing sense of control.  This practice can be enjoyed anywhere and at any time, making it a convenient and flexible hobby for empty nesters. There are many types of meditation to choose from, such as mindfulness, transcendental, zen or guided meditation. You can experiment with different methods and find the one that works best for your lifestyle. 34. Martial arts Martial arts can be a great hobby for empty nesters who want to stay fit while learning new skills that can balance their physical and mental well-being. There are many types of martial arts to choose from: karate, taekwondo, judo, aikido, kung fu, tai chi and more.  All of these martial arts can help you develop a sense of self-confidence, discipline and drive to improve yourself. If you find a style that suits you, consider adding a dojo to your 35. Yoga Yoga is both a spiritual and physical practice that aims to clear your mind while connecting you deeply with your body. While practicing yoga, you will become aware of sensations and emotions you carry on a daily basis — making it a wonderful hobby to begin while dealing with a lifestyle transition. If you crave a social aspect to this practice, consider signing up for a class at your local gym or yoga studio. As you research which hobbies for empty nesters fit your new lifestyle, notice if any of the activities could benefit from a regular stay at your favorite destination. 

So the “kids” are now adults and have moved out? You might go through As you start embracing your empty nest, consider creating a bucket list for yourself. It’s a fun way to jump-start your reinvention. Not sure where to start? Consider adding these 10 activities to your bucket list.  1. Travel somewhere you’ve never been before Many families with kids create yearly vacation traditions, returning to beloved destinations year after year. While this is a great way to make family memories, there are so many places to explore! Start by jotting down a list of destinations you’ve always wanted to visit, but never have. It’s time to explore the world on your terms.  2. Take up a new hobby Most empty nesters find themselves with more free time than they had while they were raising children. That makes it the ideal time to take up a You might also consider reconnecting with a hobby you abandoned when you had less free time and more responsibilities.  3. Start volunteering Supporting a cause you’re passionate about is a great way to spend some free time. There are so many ways to get involved and so many wonderful organizations in need of people willing to roll up their sleeves. Maybe you’ll walk dogs at the local animal shelter, organize a food drive, coach a youth sports team or deliver care packages to local seniors.  4. Get your finances in order Entering the empty nester phase is a time when your finances may be in flux. You may find yourself with more disposable income after many years of paying for everything for your kids. Or money may be tight if you’re helping your kids pay for college. Either way, it’s the perfect time to make a financial plan that reflects your new reality. You may even want to bring in a professional to help you set some financial goals and guardrails.  5. Learn a new language Have you always wanted to learn Japanese orr brush up on the Spanish you learned in school? There are so many ways to learn a new language during your empty nesting phase. It can be as simple as downloading an app that teaches you a few new words or phrases every day. You can also enroll in an online or in-person courses at your local community college. If you’re just a bit rusty and need some practice, consider joining a conversation group that meets up to chat.  6. Start a side hustle  Owning a small business is a lot of work, but as an empty nester, the time might be right! Start by thinking which of your skills or passions could be monetized. A side hustle doesn’t mean starting a whole new career. It can be as simple as dedicating a few hours a week tutoring, pet sitting, selling your own baked goods, handyman work or hosting short-term renters in a spare room.   7. Reconnect with your partner  When you’re in the thick of raising kids, it can be hard to make enough time for your partner. Now that the kids have moved, you could set up a weekly date night to reconnect over a meal. Many empty nester couples also decide to pursue a new hobby together.  8. Focus on self care  After so much time caring for others, you deserve to focus on your self care and mental health. What this looks like depends on the person, but it could mean committing to a daily walking routine, re-focusing on nutrition or picking up a new wellness practice like yoga or meditation. It may be as simple as catching up on preventative doctor’s appointments or making sure you get enough sleep.  9. Get back in touch with old friends  This is a good time to reconnect with longtime friends who may also have been busy with family obligations. Reach out to a few friends and put something on the calendar. Catch up over coffee, host a game night or plan a weekend group getaway.  10. Consider a second home Many empty nesters decide it’s time to buy a second home. After all, you may find yourself with more time to travel and it can be nice to set down some roots in your favorite vacation destination.  Pacaso makes it easy to own a second home in your Best of all, Pacaso homes are located in

Owning a second vacation home is the dream. But the traditional home-buying process can be overwhelming. Between hefty down payments, ongoing maintenance and limited usage, the path to a vacation home can feel daunting.  In this post, we'll show you how to make the dream a reality, breaking down how to buy a vacation home in eight simple steps. We’ll also explore key considerations to ensure your vacation property complements your lifestyle and financial goals. 1. Determine your vacation home’s use How to buy a vacation home starts with defining how you envision using your property. Will you escape for long weekends, spend summers by the shore or enjoy a cozy winter retreat? Your usage frequency will significantly impact property type, location and budget. Finally, think long-term. Will your vacation home be a family heirloom, a retirement haven or a potential 2. Choose a location Your vacation home’s location is everything. It affects your budget, lifestyle and resale appeal. Some areas have a higher cost of living or stricter zoning, while others may offer better access to amenities, outdoor recreation or year-round appeal. Start by asking: Do you want to be near the beach, the slopes or a buzzing downtown? Are you prioritizing proximity to your primary home, or is a remote escape more your style? The answers will guide you to your perfect destination. 3. Create a realistic budget Before diving into property searches, establish a clear financial roadmap. Determine the maximum purchase price you can comfortably afford for your vacation home. To understand how to afford a vacation home, remember that your budget extends beyond the property price itself. Factor in closing costs, ongoing property taxes, homeowners insurance and potential As well, consider exploring financing options tailored for second homes. Vacation home loans and home equity lines of credit can make ownership more accessible. Carefully consider interest rates, 4. Choose an ownership type When purchasing a vacation home, your ownership model is just as important as the property itself. The most common approaches are full ownership and co-ownership. Each offers different levels of flexibility, responsibility and cost. With full ownership, you take on 100% of the purchase price, ongoing expenses and maintenance, even if you only use the home a few weeks a year. On the flip side, with co-ownership, you own a real share of the home alongside a small group of vetted co-owners, with shared expenses and use. 5. Secure financing for your second home Before diving into property searches, it's crucial to secure To secure the best possible loan terms when buying a vacation home, shop around and compare offers from multiple lenders. Consider factors like interest rates, closing costs and lender fees. A pre-approval letter can strengthen your offer when you find your perfect vacation home. 6. Get pre-approved A pre-approval letter is a lender's formal commitment to loan you a specific amount to buy a vacation home. This document is crucial when making an offer, demonstrating your financial readiness to serious sellers. To obtain pre-approval, gather essential financial documents, including: Shop around for lenders to compare interest rates, loan terms and fees. Remember, a strong credit score improves your chances of pre-approval and can secure a lower interest rate, ultimately saving you money on your vacation home mortgage. 7. Find a local agent to make an offer Partnering with a knowledgeable local real estate agent is essential for navigating the Leverage your agent's expertise to craft a competitive offer. They can provide insights into fair market value, suggest appropriate offer terms, and handle the paperwork and communication with the seller's agent. A strong offer and your agent's negotiation skills increase your chances of securing your vacation home. 8. Plan for ongoing expenses and upkeep Owning a vacation home comes with long-term responsibilities beyond the purchase. To make the most of your second home, it’s important to plan for recurring expenses and regular upkeep — especially if you won’t be there year-round. Here are the key costs and maintenance tasks to factor into your decision: Common expenses: Ongoing upkeep:  Make your dream a reality with Pacaso  Learning how to buy a vacation home can be a transformative experience, offering a private retreat and a chance to create lasting memories. Carefully consider your budget, financing options, property location and the To make buying a vacation home even more feasible, consider

Owning a vacation home is a dream for many people — a beautiful home away from home where you, your family and your friends can relax, reconnect and enjoy living like a local in your favorite vacation destination.  Yet full second home ownership isn’t always the right fit for everyone. Owning a vacation home can be expensive, require a lot of effort to 1. Renting a vacation home When you Benefits of renting a vacation home  When you rent a vacation home, you enjoy a lot of flexibility. You can choose to stay in a different home, in a different destination, every time you travel. You can choose a smaller home for traveling with your immediate family, then a bigger home for a multi-generational trip or a trip with a large group of friends. Stay at a beachfront home for a warm-weather getaway, then spend a winter weekend on the slopes in your favorite ski resort town.  When you rent a vacation home, you won’t have the large investment of a down payment and monthly mortgage payments, nor will you have a long-term commitment.  Drawbacks of renting a vacation home When you rent a vacation home, you won’t build equity as you might with second home ownership. You also can’t make any changes to the home to suit your needs — what you see is what you get. Finally, you may have to negotiate rental restrictions and book far in advance to find a rental that suits your needs.  2. Timeshares With a Benefits of timeshares  As a timeshare owner, you enjoy cost-sharing benefits — per-night stays can often be cheaper than hotel bookings. And, since most timeshares are in a hotel or resort setting, you’ll enjoy access to on-site amenities and perks. Many people appreciate the predictability of their vacation costs as timeshare owners (although fees can vary year to year).  Drawbacks of timeshares  Just because the pricing is more predictable with a timeshare doesn’t mean it’s always affordable. Some of these programs have high annual fees and expensive maintenance costs that may increase each year. Another downside is that it may be hard to find availability during peak seasons in popular destinations. Finally, timeshares often depreciate in value over time, making it hard to sell your shares when you decide you no longer want to participate.  3. Vacation clubs As the name implies, vacation clubs are membership-based programs. In exchange for a one-time initiation fee and the cost of an annual membership, you get access to hotels, vacation homes, and, in some cases, travel experiences all over the world. You’ll find vacation clubs associated with major hotel brands, as well as Benefits of vacation clubs  While the specific perks vary from one club to the next, generally vacation club members enjoy access to a wide range of accommodations around the world, some of which are inaccessible to the general public. Nightly rates are discounted, and a host of amenities are included. Compared to other travel options, members often find bookings to be flexible. Membership also usually comes with perks such as concierge services, discounted rates on other types of travel and loyalty rewards.  Drawbacks of vacation clubs  The biggest drawback to being part of a vacation club is that membership can be expensive. Some also require long-term commitments, which make it difficult to cancel or modify your membership. Like many types of travel, members may find it difficult to book in-demand destinations during peak seasons.  4. Home exchange programs  Home exchange programs let you swap your home with another homeowner, offering a low-cost, immersive way to travel. Instead of paying for lodging, you and another household agree to exchange homes for a set period. It’s a community-driven option that’s gaining traction, thanks to platforms like Advantages of home exchange programs The biggest benefit of home exchanges is affordability. With no nightly rental fees, you can explore new destinations without stretching your travel budget. It’s also a unique way to live like a local, staying in a real home instead of a hotel. For those open to adventure, it’s a great way to experience different cultures in an authentic and cost-conscious way. Drawbacks of home exchange programs Home swaps come with some limitations. You’ll need to list your home and be willing to host someone else at the same time, which may not work for everyone’s schedule. Finding a compatible match in the location you want to visit can also be challenging, especially during peak seasons. And because you’re trusting someone with your home (and vice versa), communication and mutual respect are essential. 5. Co-ownership With Advantages of co-ownership The biggest benefit of co-ownership is the cost-sharing. Instead of shouldering the entire cost of buying and owning a second home, multiple owners split everything: the purchase price and the cost of maintenance and management. Because multiple parties pool their money, owners may be able to access a higher-end property than they’d be able to afford on their own. When you become an owner of a Pacaso, for example, you’ll enjoy a hassle-free, Drawbacks of co-ownership When you co-own a property, you have to equitably share time in the home with your fellow owners, so you may not be able to stay in the home every time you’d like. There’s also the potential of conflict or disagreements with your co-owners. Finally, you won’t have the full ownership benefits you’d enjoy as a single owner.  Co-own your dream home with Pacaso If co-ownership of a second home is the best fit for your vacation goals, budget and lifestyle, consider Pacaso. Our unique Fully furnished and expertly designed Pacaso homes are available in

When Consult with a financial advisor to ensure that this aligns with your overall financial strategy and that you fully understand the terms and potential risks involved. What is a home equity loan? A home equity loan allows homeowners to borrow money by using the equity in their home as collateral. Equity is the difference between the market value of your home and the outstanding balance on any existing mortgage. Not to be confused with a HELOC, a home equity loan is a lump-sum amount. Both funding sources, however, are exclusively for current homeowners looking for a Here are the main characteristics of this loan type: It’s important to note that if you fail to repay the loan according to the terms, the lender can potentially foreclose on your property. Can I use my house equity to buy another house? You can use the equity in your current house to buy another house. Although specific scenarios warrant using a home equity loan, you should use one prudently to prevent financial instability. When to use a home equity loan Using a home equity loan can be a strategic financial move in a few situations, such as:  In the right circumstances, a home equity loan can be the key to When to avoid a home equity loan Unless you’re investing in a home for the reasons above, you may want to consider avoiding a home equity loan as a funding option — especially for the following reasons: Before using a home equity loan, carefully evaluate your financial goals, purpose and ability to repay.  Requirements for a home equity loan Getting approved for a home equity loan to buy another house isn’t an automatic process. Lenders want to be confident you can manage the additional debt. To qualify, you’ll need to meet several financial requirements that show you’re in a strong position to borrow. Below are the most common eligibility factors lenders evaluate: Meeting these requirements doesn’t guarantee approval, but it positions you as a lower-risk borrower. This can make all the difference in securing a favorable rate and terms. How to get a home equity loan to buy another house From budgeting to closing on the loan, let’s explore everything you need to do to get a home equity loan to 1. Decide on a budget Before diving into the process of obtaining a home equity loan to purchase another house, it's crucial to establish a clear budget. Assess your current financial situation, including your: A well-defined budget can guide your decisions, ensuring you pursue a home equity loan that aligns with your financial capabilities and homeownership goals.  2. Gather your financial information Once you have a budget, the next step is to gather all the necessary financial information. This typically includes: Lenders will use this information to assess your home equity loan eligibility and determine the loan amount and terms.  3. Shop around for lenders With your financial information in hand, it's time to explore different lenders and loan options. Shop around to compare: Consider traditional banks, credit unions and online lenders to find the best fit for your needs. Remember that the goal is not just to secure a loan but to secure the most favorable terms. 4. Apply for a home equity loan After you've identified a suitable lender, you can initiate the application process. Complete the required forms, provide accurate information and be prepared for additional documentation requests.  The lender will likely thoroughly review your financial history, credit score and the value of your primary residence. Timely and transparent cooperation during this stage can expedite the approval process and potentially increase the chances of obtaining a home equity loan on favorable terms. 5. Close on the loan application Upon approval, the final step is a closing meeting to sign the necessary paperwork, which includes the loan agreement and other legal documents.  Be sure you fully understand the terms and conditions before finalizing the process to make an informed financial decision. Closing completes the transaction, allowing you to access the funds from your home equity loan.  Pros and cons of using a home equity loan to buy another house As with any kind of loan, there are advantages and disadvantages to using home equity loans to fund your next home purchase. Pay close attention to the pros and cons of home equity loans to ensure that this type of Advantages of a home equity loan A home equity loan can offer homeowners a powerful financial tool, providing access to funds based on the equity accumulated in their property.  Since these loans are unique to current homeowners, you’ll also benefit from your prior financing application experience.  Disadvantages of a home equity loan Despite the benefits, home equity loans have certain drawbacks. Understanding the potential disadvantages is essential before agreeing to a loan. Before pursuing a home equity loan, weigh the advantages and disadvantages to mitigate as much financial risk as possible. Alternatives to using a home equity loan to buy another house A home equity loan isn’t your only path to buying a second home. Depending on your financial situation and goals, you might find that another option offers more flexibility, lower risk or both. Here are five popular alternatives to consider: HELOC A home equity line of credit (HELOC) gives you a revolving credit line based on your home’s equity. You can borrow only what you need, when you need it. This is a great option for staggered home purchase costs.  It’s important to note that most HELOCs come with variable interest rates. This can cause your payments to lower if rates decrease, but also to rise if rates increase. Personal loan Another alternative to a home equity loan is a personal loan, an unsecured loan that doesn’t require collateral. Since personal loans don’t use your home as collateral, you won’t have the risk of losing your property in case of default. Reverse mortgage If you’re 62 or older, a reverse mortgage lets you tap into your home equity for cash with no monthly repayments required until you sell, move, or pass away. Older people primarily use this mortgage type to supplement their income later in life.  With reverse mortgages, interest accumulates and adds to the loan balance over time. This option can free up funds, but it’s important to understand the long-term impact on your estate and equity. Cash-out refinance A cash-out refinance replaces your current mortgage with a larger one, and you pocket the difference in cash. It can offer an interest rate lower than that of a personal loan, but your monthly payments will likely increase, and you’ll restart the clock on your mortgage. It’s important to carefully assess the impact of increasing your mortgage amount, as this will result in higher monthly payments and potentially a longer repayment period. Additionally, be mindful of closing costs associated with the refinancing process. Co-ownership If you’re looking for an alternative that doesn’t involve taking on more debt, co-ownership is a great option. You can enjoy turnkey living, equitable access through the Co-ownership vs. home equity loan Co-ownership offers a modern, more flexible path to second home ownership, especially if you’d rather not take on a second mortgage. With Pacaso, you can co-own a luxury second home in top destinations and enjoy true ownership without the financial strain of going it alone. Let’s break down how co-ownership compares to using a home equity loan: If being the sole owner of your second home isn’t the direction you want to pursue, consider co-ownership as an alternative. With Pacaso, you can

Buying a second home for romantic getaways Couples trips feel different when you have a place that is truly yours. If you are thinking about buying a second home, consider destinations that set the tone for connection and ease. Napa brings vineyard views and candlelit dinners, Maui offers warm water and pastel sunsets, Aspen delivers alpine charm, and Kiawah Island pairs wide beaches with quiet mornings. Pacaso co-ownership gives you access to a beautifully designed home in sought-after locations, so the weekend you want is always within reach. Napa for wine country romance Napa rewards an unhurried pace. Start with a late brunch, wander through tasting rooms, and end with a private soak under the stars. Many Napa vacation homes make outdoor living the focus, with dining terraces, fire features and space to open a favorite bottle after a day among the vines. For an intimate Napa home base, consider Maui for oceanfront seclusion Maui luxury homes put you close to sunrise swims, coastal drives and quiet dinners on the lanai. Wailea and Kapalua offer sheltered coves and golden sand, while upcountry drives lead to cool breezes and sweeping vistas. For two-person retreats, look for a private lanai, direct beach access or a calm neighborhood with easy paths to the shoreline. Settle into Lani, where indoor outdoor flow leads to a private yard at dusk and sweeping coastal scenery. It is a soothing spot to slow down after beach days. Explore Aspen for alpine romance Aspen luxury homes balance mountain energy with quiet interiors. Whether you prefer a bluebird ski day or a summer hike to a creekside picnic, the town’s walkable core and fine dining make date nights simple. Seek views of Shadow Mountain or a private hot tub to turn a crisp evening into a memorable night for two. Set in Aspen, Kiawah Island for coastal calm Wide beaches, winding bike paths and quiet mornings define Kiawah Island vacation homes. Days here move easily from a beach walk to poolside reading, with time left for an oyster bar dinner and a twilight ride along the lagoon’s edge. Look for outdoor lounges and quick paths to the sand for a smooth, two-person rhythm. How buying a second home elevates your time together The right home turns quick trips into a ritual. By buying a second home, you gain a ready-to-enjoy setting with design, location and comforts dialed in. Pacaso’s co-ownership model gives you a refined home in a world-class market without the full-time hassle, so more of your energy goes to shared experiences. If you love regular wine country weekends, powder days or beach escapes, buying a second home through Pacaso means the drive or flight ends at a front door that already feels familiar. Start your couples escape with Pacaso Choose the setting that fits your style, then explore Pacaso listings to make it yours. Browse

For those who love to travel, do so frequently, and want more out of their accommodations than simply a hotel room, vacation clubs and fractional ownership programs can be very appealing. While Two of the best known are How does Equity Estates work? A common gripe about timeshares is that you pay a lot of money into the program, yet you gain no equity in the properties you visit each year — you get only the right to use the property. Equity Estates offers an alternative. Instead of paying a membership fee, you contribute to an investment fund that buys you shares of the Equity Estates property portfolio. Down the road when your defined liquidity date arrives, the residences are sold and investors are paid back 100% of their initial capital contribution, plus 80% of the profits.  Properties and destinations During the years between investment and disbursement, investors enjoy access to 60+ destinations across over 25 countries. The properties are private, luxury homes valued between $2 million and $5 million, with amenities like oceanfront views, ski-in/ski-out access, swimming pools and private club access.  Access Depending on your level of investment, you’ll get a set number of nights per year. Equity Estates promises better availability than timeshares since homes are only available to investors. Cost In addition to your initial investment, which can start at $145,000 or more, investors pay annual fees to cover maintenance, daily housekeeping, a personal travel concierge, destination manager and local hosts.  How does Inspirato work?  Inspirato also promises luxury vacations at upscale private homes around the world, but the structure of the program is quite different from Equity Estates. Inspirato is set up as a subscription model featuring three tiers with varying levels of cost and benefits.  The Inspirato Pass The Inspirato Pass is the company’s core offerings. For a $2,550 enrollment fee and a monthly subscription of $2,550, members can choose from over 1.5 million Pass Trips, with all nightly rates, taxes and fees included. And it’s not just homes. You can also stay at top hotels and resorts and choose from cruises, safaris and guided tours. The pass is designed for travelers with flexible schedules, as you have to complete a booked reservation before scheduling your next trip. It’s also ideal for those who want to travel frequently but want the planning to be simple and straightforward.  Inspirato Club The third option, the Inspirato Club, costs $650 per month. Travelers get access to the Inspirato Collection of properties and experiences, with members-only nightly rates and travel planning assistance.  Inspirato luxury homes are owned by the company, but they have partnerships with hotel, resort and travel brands, ensuring you have access to stays and experiences all over the world.  Which option is right for you?  Whether you choose to go with Inspirato or Equity Estates depends on what you’re looking for out of a vacation club.  The people who join Inspirato tend to be frequent travelers who spend a lot on travel each year and have a flexible enough schedule to work around some of the inherent booking limitations.  Equity Estates appeals to people who spend significant amounts each year on travel, but want to see some return on their spend. Because of the potential for investment gains, the initial investment is higher than other options.  Equity Estates pros and cons Inspirato pros and cons Now get to know Pacaso Equity Estates and Inspirato aren’t the only innovators in the world of luxury travel. In fact, Pacaso takes the best of what these companies offer and delivers a smarter way to enjoy second home ownership.  With Every Pacaso home is fully managed, professionally designed and ready for you to enjoy, with equitable scheduling among owners.  Pacaso co-owners purchase shares in a property-specific LLC, and when you’re ready, you can sell your share to realize any returns on your property.   Comparing Pacaso and Inspirato An owner’s view of the differences Pacaso owner Mark also has an Inspirato membership. While he uses his Inspirato to “fill the gap” when he wants variety in destinations, he says he loves that his Pacaso gives him true ownership in a destination he loves.  “We’re kind of creatures of habit,” Mark said. “We like to go back to the same place that we know. We know it’s going to be quality. We get to know people in the community … it’s a totally different animal, and we prefer having the house.”  

There are so many ways to vacation: the consistency of a hotel, the extra space in a vacation rental, the structure of a What is a luxury vacation club?  A vacation club is a membership-based program that gives participants access to thousands of hotels, rental vacation homes and travel experiences. Luxury vacation clubs take these offerings to the next level, with an exclusive, curated collection of Many large hotel chains — Hilton, Marriott, Hyatt and Wyndham, for example — have travel clubs designed around their own collection of hotels and resorts. However, the most exclusive, high-end vacation clubs operate independently of a single hotel brand, offering their members a wide range of options.  How do luxury vacation clubs work?  While each luxury vacation club has its nuances, they typically operate with the same general model. Members usually pay a one-time initiation fee to join. Costs can range from a few thousand to much more, depending on how exclusive the club you join is. Then, you’ll pay annual dues, with prices fluctuating based on how much you want to travel each year.  In exchange for your investment, you have access to a wide range of accommodations and experiences, many with better perks, lower per-night costs and more options than you’d find if you booked on your own. Some offer a rewards program based on your spend.  The most exclusive travel clubs — among them What are the most popular luxury vacation clubs? Vacation clubs are available at a wide variety of price points, but in the luxury space, there are a handful of clubs that lead the pack among jet-setters.  Inspirato Inspirato boasts a portfolio of high-end homes, hotels and experiences in the most sought-after vacation destinations. Service is Inspirato’s hallmark, including travel planning, an on-site concierge, daily housekeeping and more. A rewards program provides extra discounts, early access to special events and complementary guest passes, depending on how much you spend each year.  Inspirato offers two tiers of membership: Inspirato Club and Inspirato Pass. Inspirato Club, a traditional vacation club membership model, lets you choose between a monthly or annual membership, both of which will set you back $7,800 per year. The monthly membership is more flexible, allowing new members to try out an Inspirato membership without a large upfront investment, but the monthly membership does require a $650 enrollment fee. The Inspirato Pass is a more flexible, monthly subscription model. For $2,550 per month, members can book Pass Trips from a list of over 1.5 million options, with nightly rates, taxes and fees included. There are limits to how many trips you can have reserved at a time. Exclusive Resorts  If Inspirato is a luxury vacation club, Exclusive Resorts is an ultra-exclusive vacation club. Their 4,000 members have access to 400 exquisite homes and expansive experiences in 75 global destinations. Most of the homes are owned by Exclusive Resorts, which allows for a consistently high level of service and amenities. Members enjoy the services of a travel planner before each trip, plus a dedicated concierge at the destination.  Exclusive Resorts invites only about 200 new members each year. Members pay a $195,000 initiation fee for a 10-year plan, plus $42,250 each year for 25 travel days. Solstice Collection Solstice Collection offers a more intimate luxury club experience, with far fewer properties but a promise of better availability. There’s a 6:1 ratio of homes to members, making it easier to book and enjoy time at the home you want. All of the homes in their portfolio are in the multi-million-dollar range and they include a sunny hillside estate in Cabo San Lucas, a historic palace in Florence and a private beach oasis in Koh Samui.  The costs of Solstice Collection membership include a one-time initiation fee of $15,000, plus annual dues ranging from $49,000 to well over $100,000, depending on how many nights you’d like to travel.  What’s the difference between a vacation club and a timeshare? While both In terms of financial investment, both timeshares and vacation clubs require an upfront payment and ongoing dues. However, timeshare owners often get saddled with maintenance fees, taxes and special assessments. And timeshares can be notoriously difficult to resell. How is Pacaso different? Luxury vacation clubs offer access to incredible properties around the world. So does Pacaso, with one major difference: You own your second home.  Discover how Pacaso stacks up against Inspirato. Pacaso uses an innovative With homes available from

When it comes to buying a house — whether it’s a primary residence or a vacation property — doctors are in a unique situation. Many doctors are considered high earners, but it can take years for the hard work to pay off. What’s more, many younger doctors are saddled with a large amount of student loan debt, which can make qualifying for a mortgage trickier than it might be for other buyers.  Whether you’re just considering buying or are thinking of adding a second home to your real estate portfolio, here are a few things doctors should consider, from how much you can afford to how to approach the process.   What salary do I need to afford a million-dollar home? Conventional wisdom says that you need an annual salary somewhere around $200,000 to You’ll also want to consider monthly costs above and beyond your mortgage payment. This includes things like HOA dues, utilities, maintenance, insurance and property taxes.  When is the right time for a doctor to buy a home? Buying a house is a big financial commitment, and it can take a significant amount of time to gain enough equity to offset the upfront purchase expenses like closing costs, repairs and moving expenses.  It’s common for doctors who are just starting out to move frequently, in pursuit of a specialty program, new opportunity or fellowship. In this busy career phase, renting may make more sense until you land a long-term position.  Buying a first house during residency Deciding to buy your first home is a milestone for all kinds of buyers, but physicians have a couple of additional financial realities to address during the application process.  If you’re a newer doctor, your loan debt may be high and you likely haven’t secured the salary of more established colleagues. This hurdle is specifically high for those buying a house during their residency.  A core part of getting approved for a mortgage loan is meeting the debt-to-income ratio requirements, or DTI. This is a calculation that compares your monthly debt obligations to your gross income. It’s a way lenders can be reassured that you’ll be able to repay your loan without defaulting.  Most medical school graduates have significant student debt. According to the Association of American Medical Colleges, anywhere from Enter the physician mortgage loan. Also called doctor loans or medical professional loans, these mortgages are specifically designed for doctors whose highest earning years are yet to come. These loans may have low (or no) down payment requirements, no requirement for private mortgage insurance (PMI) or more generous qualification criteria. Ask your mortgage lender for more information about this loan option.  Purchasing a second home as a doctor  As your career progresses, you may want to consider buying a second home. Being a physician is time-consuming and stressful, so it’s nice to have a place of your own to relax and unwind. Imagine cozy weekends in a mountain cabin, summer vacations in a sunny lakefront retreat or watching an ocean sunset from your private patio.  Pacaso is a great solution for busy professionals in a wide range of occupations to buy a second home. Ownership is shared among up to eight co-owners, which means that your upfront investment is lower. And we have homes in Co-owning a second home with Pacaso is a smart option for busy doctors, as it gives you the benefits of second home ownership without the work. Your dedicated property manager takes care of maintenance, repairs, cleaning and making utility, insurance and tax payments. That means that every time you’re ready to relax, you can just show up, unpack and unwind.  Our

Searching for a place to unwind, reconnect with loved ones and create lasting memories? 1. Enjoy your own personal retreat 2. Have flexibility for your vacations With a vacation home, you no longer need to fight for reservations during peak season or scramble to find last-minute Do you need a quick weekend escape to clear your head? Or a 3. Build a lifetime of memories A vacation home transcends bricks and mortar — it becomes a cornerstone for creating cherished memories with the people you love. Host unforgettable holidays and family gatherings to create lifelong memories.  Imagine cozy nights by the fireplace at your 4. Relish familiar settings Owning a vacation homes has the benefit of being your home-away-from-home. Equip your space with 5. Embrace a new community Purchasing a vacation home can open doors to a new community. Strike up conversations with friendly neighbors who share a love for the area. Explore local shops and restaurants, gaining a deeper understanding of the region's culture and hidden gems. This sense of belonging can enrich your vacation experiences and grow your sense of community at your second home. 6. Cultivate a sense of adventure A vacation home can serve as a springboard for exploration. Since you have a convenient home base, you can delve deeper into the surrounding area. Explore nearby towns, hike or bike scenic trails or discover hidden Proximity to these activities allows you to embrace a more adventurous spirit and enjoy experiences beyond the typical tourist’s itinerary. 7. Create a healthier lifestyle A vacation home can be a catalyst for embracing a healthier way of living. Many vacation destinations offer opportunities for Inside you vacation home, consider creating a dedicated 8. Pass down an asset to your children A vacation home can become a cherished part of your family's legacy. It can be a gathering place for future generations to reconnect with loved ones and create lasting memories.  Eventually, you can pass vacation homes down as an inheritance. A valuable asset like this can give your children and grandchildren a special connection to their family history. 9. Choose a location close to activities you love Finding a second home in a place that supports  your interests and hobbies can significantly enhance your lifestyle. Imagine living by a lake and spending your weekends fishing, or owning beach house with nearby easy access to kayaking or paddleboarding. For those who crave the thrill of winter sports or the serenity of mountain hikes, a cozy cabin could be the perfect fit. 10. Take advantage of unique financing options When buying a vacation home, you can access Additionally, your vacation home expenses don’t end with the Advantages of vacation homes Although owning a second home has some down sides, the advantages can greatly outweigh the trouble of finding and financing a vacation home. The pros of owning a second home or Personal use When you own your vacation accommodations, you always have a great place to stay (even if it’s a busy holiday weekend). You can keep all the comforts and necessities — clothes, toiletries, outdoor gear and more — at your vacation home so you can get away from it all at a moment’s notice. Unlike relying on reviews to choose a hotel room or short-term rental, you always know exactly what to expect when you arrive at your vacation home. Buying Your vacation home could become your primary residence once you retire, but you can start enjoying it and building equity long before it’s time to turn in your employee badge. In the meantime, it’s a special place to bring family together for vacations and special events. You can also pass down your vacation home to your heirs. Passive income potential Although some owners prefer to keep their vacation home exclusively for personal use, listing your second home as a short-term rental may also be possible. If you don’t want your vacation home to sit vacant when you’re not using it, you may be able to rent it out to others and use the money toward the mortgage and maintenance expenses. Potential property appreciation Whether you plan to keep your vacation home for personal use or earn passive income, your property may increase in value. A secondary residence can increase equity and value appreciation like a primary residence.  In this way, buying a vacation home can be an investment. Of course, housing markets fluctuate, so value appreciation depends on market trends where you buy. Adding real estate to your portfolio is a great way to diversify your portfolio and hedge against the ebb and flow of different markets. It’s always smart to consult a financial planner before making such an investment.  Tax benefits You can deduct any mortgage interest paid on up to $750,000 of principal mortgage debt, including your vacation home. Other If your vacation home doubles as a short-term or long-term rental, you may also be able to claim certain costs as business expenses for your vacation rental business. Consult with a tax professional to determine which  tax deductions you’ll be eligible for. Challenges of vacation homes Vacation home ownership also includes several challenging cons. Property maintenance and management Your second home likely won’t be close enough to your primary residence for you to stop by frequently. Home repairs and regular maintenance (lawn mowing, snow removal, etc.) can become a hassle. And if you’re renting out your second home, you must deal with reservations, clean up and more.  A potential solution is to Income volatility If you plan to rent out your vacation property, you’ll need to be aware of the high and low tourist seasons in your home’s locale. Plan for income fluctuations and charge appropriate nightly rates to curb potential low-season vacancies.  To keep attracting bookings, you may need to pay for marketing and advertising your property to help decrease income volatility. Local vacation rental laws Many towns are passing ordinances prohibiting short-term rentals or requiring homeowners to pay hefty fees to list a home as a rental. Check local laws before banking on your ability to rent out your vacation home.  Remember that other Limited location Once you invest in a vacation home, you’ll probably want to use it as much as possible. That means you’ll likely spend more time in one Just like an unused gym membership or a new dress in the back of the closet, a distant vacation home can easily turn from a dream come true into a money pit if you’re not committed to using it regularly. Co-own a vacation home with Pacaso While there are nearly a dozen reasons to buy a vacation home, the initial cost and ongoing maintenance can be daunting. Pacaso offers a unique DISCLAIMER: This content is published solely for informational purposes and isn’t intended to be investment advice. You should consult an appropriate professional for specific advice tailored to your situation.