Buying

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 different types of houses, like distinguishing a Colonial style house from a Craftsman style house, 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 second home. 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. What are the different 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 home 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 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. This type of house style is 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. What are the different types of house architectural styles? Now that you know the different types of house 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.  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 Cape Cod homes are similar in style to Colonial houses, and they originated around the same time. They also have a symmetrical appearance, but are usually smaller in size. They were designed to withstand harsh weather, so they have heavy shutters to protect the windows and a central fireplace for heating the whole home, where essential. 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: How do I find my dream second 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 house structures and styles you find most inspiring and practical for your needs.   If you’re currently in

Buying a luxury home can feel daunting, as many properties are quietly shared through private networks rather than listed publicly. Luxury buyers also need to show strong financial credibility and make thoughtful decisions about customizations.  That’s why 1. Define your version of luxury  The word “luxurious” means different things to different people. Before you start browsing the 2. Prepare your finances  Luxury home buying requires more financial preparation than a standard house. Lender requirements may be stricter and down payments are often larger, so it’s important to prepare your finances by considering the following:  3. Create your expert team Buying a luxury home can feel overwhelming on your own. Having the right experts by your side makes the process much easier. Consider putting together a team to guide you every step of the way: Assembling a team reduces your overall risk and strengthens your position when you take the leap. It can also save time if you pick trusted experts who can streamline the process and clarify complex terms. 4. Evaluate visible vs. invisible value Take the time to look beyond the listing photos to determine your home’s value. Here are a few factors to consider that aren’t often cited in listings:  Pacaso’s luxury home buying advantages help reduce uncertainty with 5. Conduct specialized due diligence There are many moving parts when it comes to buying a luxury home, due to customized builds, extensive remodels and residential requirements. Each element of the process has to be legally compliant, so keep these factors in mind to make sure everything checks out:  6. Negotiate strategically You may have more flexibility negotiating contracts when Instead of seeing negotiation as simply pushing down the price, weave in these factors to come to an agreement on a fair offer that benefits both parties.  7. Consider ownership structure and privacy  When buying a high-end home, you have a choice of how you’d like to structure your ownership. The option you choose affects how you appear on the property title, as well as your personal stake and liability in the home. Here are a few common ownership structures:  People may opt for different ownership structures for privacy, to protect their property or to ensure their luxury home stays within budget. Pacaso’s Bringing your luxury home vision to life Pacaso makes second-home ownership simple for those who want to understand how to buy a luxury home. We offer high-end homes in desirable destinations, along with bespoke property management, so you can sit back and enjoy your property. If you’re ready to take the step towards co-ownership, browse

Financing a vacation home comes with its own set of requirements and considerations, which can complicate the buying process. This guide provides the insights you need to navigate vacation home financing and select the loan option that’s right for you. The basics you need to know before financing a vacation home Lenders will assess your financial readiness against vacation home loan requirements to make sure you can keep up with your property. Here are the key factors they consider: Lenders look for these factors to assess three key things: your creditworthiness, ability to handle Getting ahead of what lenders are looking for is a great way of positioning yourself for a smoother loan application process. Options for financing a vacation home  Thankfully, there’s more than one vacation home financing option to choose from, and the right choice depends on how much flexibility you want regarding payments. The way you use your home also factors into your options. Here are the most common options to consider: Conventional mortgage A traditional vacation home mortgage, also known as a conventional mortgage, typically requires a down payment of 10% to 20%, and often higher when Traditional mortgages are a good option for borrowers with strong credit scores and access to a substantial down payment. Although this type of loan is typically used for a primary residence purchase, it can be an option for financing vacation homes. Fixed-rate mortgages provide peace of mind with a consistent monthly payment throughout the loan term. This level of predictability makes budgeting easier, as you'll know exactly how much your monthly second-home mortgage payment will be, regardless of interest-rate fluctuations.  This type of loan is one of the best vacation home financing options for those who prioritize stability and dislike the uncertainty of variable rates. Adjustable-rate mortgages (ARMs) have a fixed interest rate for an initial period, then periodically “adjust” the rate on the outstanding balance. Lenders take on less risk during the fixed-rate introductory period.  Compared to fixed-rate mortgages, an adjustable-rate mortgage can entice borrowers with its lower initial interest rate. This may be attractive if you plan to sell the property before the introductory period ends. However, the interest rate on an ARM adjusts periodically.  These adjustments can significantly impact your monthly payment: Due to the potential volatility, ARMs are best for borrowers who feel comfortable with risk and plan to hold onto a second home for a shorter time. Home Equity (HELOC) loan A home equity line of credit (HELOC) lets you use the equity in your primary home to In addition to securing your HELOC with your home’s value, you will typically need a credit score of 650 or higher and a debt-to-income ratio between 43% and 45%. Lenders may let you borrow up to 85% of a home's value, in addition to your existing mortgage. It’s important to exercise caution with an HELOC, because your first home is your collateral, and if you default, it may risk foreclosure.  Cash out refinance Consider a cash-out refinancing option if you’d like to finance your vacation home mortgage without using your current liquid funds. This option lets you replace your first home’s mortgage with a larger one. You can then take the cash difference from the loan and use it towards your second property. Many lenders expect a strong credit score, at least 620, and often above 680. They also typically require a debt-to-income ratio of 45% or lower, and want to see that you have at least 20% of equity left after refinancing. Investment property loan Investment property loans are designed for those seeking vacation home financing and are specifically tailored to rental properties. The process is similar to a conventional loan. The key difference is that the lender recognizes you’re buying the property as an income-generating asset rather than for personal use. Investment properties are considered riskier to lenders because they’re dependent on rental income, which could vary depending on seasonality and other factors. Therefore, a higher 15% to 25% down payment is usually required, and your credit score should be 680 or above. Interest rates are often higher as well.  Jumbo loan Jumbo loans are designed for properties exceeding conforming loan limits set by government-backed entities like Fannie Mae and Freddie Mac. Jumbo loans come from private lenders and may have slightly higher interest rates than conforming loans. However, it's the best way to finance a vacation home if you want to enter the luxury second home market, allowing you to finance that mountaintop or beachfront property. Co-ownership Co-ownership is a great option for those looking to finance a vacation home without buying outright. While most vacation home financing options place the entire financial obligation on the owner, co-ownership spreads it among several individuals with shares.  Solid credit and a healthy debt-to-income ratio are often required, but the down deposit is often smaller than other options. It’s the best way to finance a vacation home if you don’t plan on living in the property full-time and want seasonal or occasional access.  For example, How to choose a lender for a vacation home When it comes to securing financing for your vacation home, choosing the right lender is crucial. Allow these steps to guide you when financing a vacation home: By comparing multiple lenders, you ensure you're getting the best rate and terms. Recommendations can also give you peace of mind, knowing you're working with a qualified lender who understands the unique aspects of vacation home financing. Tips to help you buy a vacation home Knowing how to buy a vacation home can help minimize risk and make the right decisions for your lifestyle, and financing is a big part of that. Here's what you can do to solidify your financing: With careful planning, you can finance the right Discover vacation home financing options with Pacaso If you’re

If your dream is to We’ll share the top seven financing differences between investment properties and second homes to better understand both options. Plus, we’ll cover the tax considerations that may affect the type of second home you choose. What is a second home? A second home is a dwelling you own in addition to your Note that the way lenders classify second homes, vacation homes and investment properties can vary. What is an investment property? An investment property is an asset you buy with the intention of generating income through rent or value appreciation. A 7 investment property vs. second home financial differences When it comes to financing, investment property and second home requirements can differ greatly. Investment properties tend to have stricter requirements, such as higher mortgage rates, a more substantial down payment and a higher credit score requirement. However, investment properties may result in substantial income or qualify for more desirable tax breaks.  Here’s an overview of how each To better understand how to begin financing investment property and 1. Mortgage interest rates Even with the same amount of money down and the same home loan length, a mortgage for an investment property will almost always carry a higher mortgage interest rate than a loan for a second home.  This is more than just a percentage; it results in a higher monthly payment, which can add tens or hundreds of dollars to the overall cost over a 15- or 30-year period. For example, a 1% increase in a mortgage rate (say, from 6% to 7%) on a $ 3 million home can add $700,000 in interest over the course of a 30-year loan. 2. Down payments According to the 3. Debt-to-income (DTI) ratio According to You should also aim for a DTI of 45% or less to increase your chances of securing an investment property or a second home mortgage. Keeping your debt ratio below 45% shows lenders that you’re financially stable and in control of your debt, which increases the chances of approval. This is because borrowers have more of a financial cushion, which lowers the perceived risk of non-payment to lenders. 4. Closing costs Lenders often charge higher origination fees (or closing costs) for investment properties than for second homes, often at a rate of 2% to 5% in comparison to the traditional 0.5% or 1% charged on a second home mortgage. 5. Income reporting Because an investment property can earn you additional income through rental or resale, mortgage lenders will often include potential future profits when calculating your DTI for a rental property. This, in turn, may mean that lenders will offer you a larger loan with more certainty that you can repay with rental proceeds. You won’t have that perk with 6. Number of units For a second home, you are only allowed a mortgage on a single-unit property. For an investment property or rental property, you can get a mortgage on a property of up to four units. This lets you scale your earnings and build a rental portfolio much quicker than buying separate accommodations. 7. Cash reserves Cash reserves are necessary for a second home or vacation home, which refers to an amount of liquid cash on hand for any home expenses. A mortgage for a second home will require you to have a minimum of two months of cash reserves on hand. For an investment property, you will need a minimum of six months’ cash reserves. Tax considerations Aside from having a firm grasp on investment property and second home mortgage rules, it’s important to understand the tax implications of both options. It’s also smart to consult with your tax adviser. Let’s break down the tax considerations.  Let’s break down the tax considerations and take a look at how the IRS handles second homes vs investment properties. 1. Mortgage interest While mortgage interest on a second home is often deductible for personal use, it can also be claimed as a business expense for an investment property, potentially providing 2. Property taxes You can potentially deduct the property 3. Rental income Income you earn from your 4. Home equity loan interest Interest on a home equity loan for a second home may be deductible. In contrast, interest on a home equity loan for an investment property is generally deductible as a business expense. Now that you’re aware of the major differences between a second home vs. an investment property, it’s time to decide which option best suits your needs. If you decide that With

Dreaming of waking up to ocean waves and balmy breezes? You're not alone. In 2025, 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 2025, the luxury modern beach house market was valued at However, the beach house market can vary significantly depending on location. 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. Ongoing costs, such as property taxes, landscaping, emergency repairs, and cleaning fees, can total tens of thousands of dollars in higher-end beach properties.  If this amount of upkeep seems overwhelming, consider hiring a 4. Evaluate risk factors Beachside living may be glamorous, but it comes with risk. Coastal properties are more exposed to natural disasters than inland ones, such as hurricanes, floods and tropical storms. There is also a long-term risk of sea level rise, which may be an issue if your home is built close to the water’s edge.  Unfortunately, standard homeowners' insurance may not cover these risk factors, so it's essential to discuss with your provider what they do protect and consider adding additional flood insurance to your primary coverage. Additionally, when considering a location for your beach house, check 5. Work with a local expert Instead of relying on wishful thinking, enlist the support of a knowledgeable realtor to help you make the right choice. Agents can provide you with local expertise and help you understand permit requirements, local weather conditions, and insurance specifics.  Pacaso supports those considering co-ownership with a robust team of local real estate agents who can provide regional market insights and guide you through Pacaso’s specific ownership model, which can reduce confusion and streamline the process of purchasing a beach house. 6. 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. 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 Pacaso homes are fully managed, removing the operational burden that often comes with owning a coastal property. Local teams oversee upkeep and readiness year-round, which is especially valuable in beach environments that require ongoing attention due to weather and exposure. The result is a second home experience that prioritizes time at the beach, not time spent managing it.

Searching for a place to unwind, reconnect with loved ones and create lasting memories? Here are 10 reasons why a second home might be the perfect purchase for you, alongside key considerations that can help you make the right choice. 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 that prohibit short-term rentals or require homeowners to pay hefty fees to list their homes as rentals. 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. Key things to consider before buying a vacation home Buying a vacation home is an exciting endeavor, but it’s essential to consider additional factors to make an informed decision. Getting clear on your preferences, as well as the property’s unique requirements, will give you an accurate sense of the actual cost and time commitment required for your second home. Your annual budget and total cost of ownership The total cost of a property doesn’t stop at the mortgage. You will need to consider ongoing expenses such as taxes, insurance, utilities, HOA fees and repairs. To predict future maintenance expenses, use the 1% rule, which recommends that homeowners set aside 1% of their home’s purchase value annually.  For example, if you plan on buying a vacation home for $1 million, estimate $10,000 for future repairs each year. Consider setting aside 2% or 3% for mountain or coastal homes, which often come with higher material costs and are more vulnerable to climate-related exposure. How often you’ll realistically use the home To determine if vacation rentals are a good investment, you’ll need to know how much time you plan to spend in yours. The frequency in which you plan to visit your second home determines its value.  For example, if you spend 5 nights in a vacation home that costs $30,000 annually, you’re paying $6,000 a night for the privilege. If you plan to stay 40 nights per year, the nightly cost drops to $750. Your overall availability and proximity to the property greatly affect your ability to spend time in it, so be mindful of your work and life commitments beforehand. Whether renting it out is a priority Renting your home can bring in additional income, but it’s important to know if there’s demand in the area. If planning to rent in the short term, check and make sure that’s allowed in your city, county and HOA. To estimate potential earnings, consider the rates of other rentals, especially noting if prices peak during high season or remain strong year-round.   Local regulations and rental restrictions Zoning laws may place certain conditions on your home and affect how you rent it, or let you know if renting is even allowed in your area. Homeowners associations may restrict how and when your property can be rented, or may ban short-term rentals altogether. Review any city ordinances and HOA documents for the most up-to-date zoning codes. Financing options and long-term affordability It’s typically harder to finance a vacation home because second homes are treated as higher risk, and interest rates may be Be sure to prepare for these expenses in advance to stay on budget. If high upfront costs deter you from buying a vacation home, consider a co-ownership model like Whether full ownership or co-ownership fits your goals Deciding between full or co-ownership of a property boils down to how much time you’ll spend there. Full ownership means you’re responsible for all the finances and labor of a vacation home, so it’s best to be on-site more often.  Pacso co-ownership spreads financial obligations across multiple residents and offers 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 With Pacaso, you can co-own a 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.

Frequent travelers understand the importance of consistency and convenience, and therefore often turn to vacation clubs and co-ownership programs, such as However, due to their structure, pricing varies significantly. This guide breaks down everything you need to know about the two travel models, allowing you to choose the one that’s right for you, and explains why Pasco may be an even smarter option. How does Equity Estates work? Equity Estates is an investor-owned luxury vacation club that operates differently from a traditional timeshare. Members invest in an Equity Estates fund that purchases and manages a portfolio of high-end vacation homes, giving them access to stay at properties around the world without the responsibilities of direct ownership. Property management, maintenance, and concierge services are included. Unlike traditional timeshares, where members pay for usage without building equity, Equity Estates members own a share of the underlying real estate. At a defined liquidity date, the properties are sold, and investors receive 100% of their initial capital back plus 80% of the profits. This structure allows members to enjoy luxury vacations while also benefiting from the long-term value of the real estate they help fund.  Properties and destinations During the years between investment and disbursement, investors enjoy access to over 60 destinations across more than 25 countries. The properties are private, luxury homes valued between $2 million and $6.5 million, offering amenities such as oceanfront views, ski-in/ski-out access, swimming pools, and private club access. Access Depending on the level of investment, members receive a set number of nights per year that can be used across the entire portfolio. This structure allows for longer stays in a single destination or the flexibility to explore multiple locations.  Pricing is not publicly available for Equity Estate’s investment tiers, so unfortunately, potential investors can’t compare costs upfront. However, Equity Estates promises better availability than timeshares, as homes are exclusively available to investors, thereby limiting overall competition. Equity Estate reviews Equity Estates fund reviews have an overall rating of 4.9 on Trustpilot, with a total of 432 reviews. Customers most praise the staff for being attentive and helpful, with There are very few negative Equity Estates reviews on How does Inspirato work?  Inspirato operates on a subscription model with two ways to access its luxury vacation homes: Inspirato Club and Inspirato Pass. Inspirato Club requires a one-time initiation fee plus annual dues, while Inspirato Pass offers a flat annual subscription fee. Both options provide members with access to Inspirato’s curated collection of luxury vacation homes.  Here’s a breakdown of Inspirato’s two primary subscription models: The Inspirato Pass The Inspirato Pass is the company’s core all-inclusive offering and costs $40,000 annually. Members can choose from numerous Pass Trips, with all nightly rates, taxes and fees included. And it’s not just homes. You can also stay at an unlimited number of eligible hotels, resorts, cruises, safaris and guided tours. With an Inspirato Pass membership, travelers can reserve up to two trips at once, making it a good fit for those who want to travel frequently without committing to long-term planning or complex booking rules. Inspirato Club The Inspirato Club has a one-time initiation fee of $15,000 and $6,000 annually in dues, starting in the second year. Travelers gain access to the Inspirato Collection of properties and experiences, featuring members-only nightly rates and personalized travel planning assistance.  Unlike the fully inclusive Inspirato Pass, Inspirato Club members need to pay fees for each stay, and membership grants them access to members-only benefits, discounted stays and concierge support. Inspirato reviews Inspirato has a 2.3 total rating on Trustpilot, based on six total customer reviews. Inspirato’s negative reviews mention issues with canceling their subscription, stating that the company has strict refund rules, alongside limited availability. “Inspirato was great when we first signed up. They ended up changing a lot of things, which lost the value of the Pass. When we attempted to cancel, we had to wait 30 days, which is fine but…they're still charging me, and it's been 60 days and $5k later after those 30 days. They keep saying they're going to cancel and refund, but they have yet to.” Which option is right for you?  When it comes to Equity Estates vs. Inspirato, choose Equity Estates if you spend significant amounts of money each year on travel and want to see some return on your spend. Consider going with Inspirato if you want broad access to a portfolio of luxury accommodations without the full commitment of a buy-in.  If you’re wondering, is Inspirato worth it, considering Equity Estate’s high reputation, here’s a comparative list of pros and cons to make the best choice: Equity Estates pros and cons Inspirato pros and cons Alternative: Get to know Pacaso Instead of weighing Equity Estates vs. Inspirato, consider a third option, Pacaso. Our Pacaso makes it easy to own a second luxury home in a coveted destination, with properties available throughout the U.S. and in select international markets. From sunny villas in Every Pacaso home is fully managed, professionally designed and ready for you to enjoy, with equitable scheduling among owners. 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 Pacaso, Pacaso has additional advantages over 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.”   Own your vacation destination

A turnkey home is a fully move-in-ready property without hassle. The phrase “turn the key” is literal: you step inside, drop your bags and settle in. No need for contractors, material decisions or waiting months for updates.  When buyers ask what a turnkey home entails, they’re usually trying to understand whether a house truly requires zero renovation work before it’s livable. While typical turnkey properties aren’t automatically furnished, many homes in How turnkey homes work for second-home buyers Turnkey homes offer unique value for second-home buyers, especially those For And because everything is finished before closing, you experience faster access to the lifestyle you’re working toward, like meaningful time with family, stress-free travel and comfortable stays throughout the year. What’s included in a turnkey home While every property is different, most turnkey homes share a set of core qualities. These features give buyers confidence that they won’t need to make immediate repairs or updates. Here’s what’s usually included in a turnkey home: In Together, these features make it possible to start living in the home right away, with little to no prep work on your part. Pros of buying a turnkey home Turnkey homes are appealing for many reasons. They offer an experience built on convenience, comfort, and clarity. Here are some of the benefits of buying a turnkey home: For second-home buyers, the ability to enjoy your home immediately without stress or delays is often the biggest advantage. Cons of buying a turnkey home Turnkey homes also have a few trade-offs, especially if customization or cost savings are top priorities. Here’s what you’ll need to look out for when buying turnkey properties: A turnkey property should offer genuine readiness. The proper documentation will help you confirm that. Who is a turnkey home right for Turnkey homes are an excellent fit for buyers who want to spend less time coordinating projects and more time actually enjoying their home. They’re especially appealing to people with full schedules who prefer a space that’s fully prepared from day one. Out-of-state and On the other hand, buyers who love hands-on customization or who enjoy shaping a property to their exact preferences may feel limited by a home that’s already completed. Those who thrive on renovation projects often find a fixer-upper more satisfying. These buyers typically prioritize the control and potential transformation that come with renovating, while turnkey buyers prioritize convenience, predictability and immediate comfort. What to consider before buying a turnkey home Before buying a turnkey home, it’s important to take a thoughtful look at the property’s quality, history and documentation so you know exactly what “move-in ready” truly means. Even when a home is labeled turnkey property or turnkey home in real estate listings, the level of work completed can vary widely, so due diligence is essential. Questions to ask the builder or seller When evaluating what is included in a turnkey home, ask the builder or seller detailed questions to better understand the scope and quality of updates. Confirm whether improvements were cosmetic or structural, how recently they were completed and whether licensed contractors performed the work.  Here are some questions to ask during the walkthrough: How to verify a listing is truly move-in ready To verify that a listing is genuinely turnkey, request documentation that reflects the quality of the work. This may include inspection reports, permits for structural changes, receipts from contractors or proof of recent servicing for major systems.  A true turnkey property will have consistent updates across the home, modern mechanical systems and completed spaces with no unfinished rooms or outdated features. When inspecting the home, pay attention to common signs that the home isn’t fully turnkey, such as mismatched finishes, older electrical panels, aging HVAC units or partially updated kitchens and bathrooms. Cost expectations for turnkey homes Turnkey homes often come with a higher upfront purchase price because the improvements, design work and system updates have already been completed for you. However, buyers typically save money and time by avoiding renovation expenses, travel for project oversight and the unpredictable costs that come with fixer-uppers.  Turnkey home vs. fixer-upper: what’s the difference? A turnkey home is all about readiness. It’s complete, polished and requires no immediate work. A fixer-upper, on the other hand, is a property that needs renovation, repair or modernization before it feels complete. Turnkey homes streamline the experience from day one, allowing buyers to arrive and enjoy their As you compare your options, weigh the immediate convenience and clarity of a turnkey home against the potentially lower upfront cost of a home that requires additional work. For many second-home buyers looking for ease, speed and comfort, the turnkey route offers a smoother path into ownership. How to find a turnkey home  Turnkey homes are especially common in second-home markets and desirable Pacaso offers Find your turnkey home with Pacaso Pacaso simplifies second home ownership by offering Whether you’re right-sizing your time away or exploring new destinations, Pacaso makes second-home living more seamless, ensuring your turnkey home is ready from the moment you walk in the door. 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Understanding the different types of interior design can make decorating a home feel far less overwhelming. While design decisions can seem daunting at first, a little research and a grasp of foundational interior design principles can go a long way. With the right approach, you may be surprised at how confidently you can bring a dream room, dream home, or dream Use this guide to understand the seven elements of interior design, and discover the home design trends shaping 2026, with insights from Pacaso designers to inspire your next space. The 7 elements of interior design explained If you’re wondering how to decorate a new home or how to update an existing space, the best place to start is with the basic elements of interior design. Understanding these elements gives you the foundation to design any space with intention and confidence. These core principles help bring balance, function, and personality to a room, regardless of the types of interior design you’re drawn to or plan to incorporate.  Below are seven essential elements to keep in mind as you create a cohesive, thoughtfully designed space. 5 trending interior design styles for 2026 With so many emerging home design trends, it can be difficult to decide how to decorate a new home. While personal taste should always lead the way, certain types of interior design continue to stand out for their popularity and staying power. To better understand the types of interior design gaining momentum this year, we spoke with Pacaso’s interior design professionals, Kyra Edwards and Camille Selis for their expert perspective on the home trends and design styles shaping homes in 2026. 1. Color-forward Color-forward interior design embraces rich, earthy hues and immersive palettes to create emotionally resonant spaces. In 2026, designers are moving away from safe neutrals and cool greys in favor of deeper, grounding tones like ochre, olive, earthy greens, muddy blues, rich plums, and terracotta-inspired red-oranges. This style often incorporates color-drenching — where walls, ceilings, trim, and even furniture share a cohesive hue — resulting in spaces that feel bold, intentional, and deeply atmospheric rather than decorative. 2. Textured maximalism & “livable luxury” As stark minimalism fades, textured maximalism is emerging as one of the more welcoming types of interior design, blending warmth, comfort, and layered design. These interiors balance richness with restraint, pairing mixed textures and patterns with timeless, high-quality furnishings. Often described as “liveable luxury,” this style prioritizes craftsmanship, comfort, and longevity over flash or trend-driven decor. The result is a space that feels curated and refined, yet relaxed enough for everyday living – perfect for vacation home design. 3. Organic & sculptural design Organic and sculptural interior design emphasizes soft forms, flowing silhouettes, and natural materials. Furniture and decor feature curved edges, irregular contours, and handcrafted details that feel tactile and grounded. Materials like wood, stone, rattan, and clay anchor these spaces, celebrating visible grain and natural imperfections. This approach brings a sense of calm and movement, creating interiors that feel both modern and deeply connected to nature. 4. Heritage & character-filled interiors Heritage-inspired interiors focus on storytelling, individuality, and craftsmanship. Rather than uniform or mass-produced décor, these spaces feel layered and personal, incorporating antiques, vintage finds, and artisanal details. This style reflects a growing desire for homes that feel collected over time. It favors authenticity and character over perfection, creating interiors that feel meaningful and distinctly personal. 5. Intentional, wellness-driven spaces In 2026, interior design is increasingly focused on how a space makes you feel, not just how it looks. Intentional interiors are designed around wellness, comfort, and flexibility, supporting real life through thoughtful layouts and purposeful zones. These spaces often include cozy reading nooks, adaptable rooms, and layered lighting to create a calming, restorative atmosphere. Every element serves both function and mood. Other types of interior design Trends come and go, but discovering an interior design style that reflects your personal taste and stands the test of time is key to creating a space that feels like home. These timeless interior design styles offer inspiration for spaces you’ll love for years to come, whether in your primary residence or second home. Bohemian style, often shortened as “boho,” pulls together a variety of textures and patterns to create an effortless look.  While boho interiors mix bold patterns, they’re grounded by key neutrals with simple pops of color. There’s a lot of texture in boho style, often using materials like rattan which adds a unique look that doesn’t clash with bold patterns. 2. Cottage Cottage interiors combine classic and rustic features to evoke a simpler time, making this style perfect for a second home. Features like wood furnishings and natural stone help pull cottage spaces together, but you can transform any space into a cottage with details like handmade textiles or vintage furniture. 3. Mid-Century Modern Mid-Century Modern design is one of the more well-known home design trends that’s persisted over the decades. Characterized by its mix of lines and soft forms, it shows what people thought the future would look like, making this a timeless choice. Choose bold Mid-Century Modern furniture and blend other types of interior design into your decor to keep the perfect balance of old and new. 4. Coastal Coastal style is a popular choice for coastal or The key here is to lean into aquatic-themed decor so you always feel the same peace of lounging by the waves, even if the sand’s not right on your doorstep. 5. Art Deco Art deco is characterized by its use of geometric patterns, jewel tones and accentuating lines. It’s common to fill the space with many statement pieces by using their similar patterns to tie an interior together. Another distinctive feature is interesting lighting like geometric chandeliers or floor lamps. While many interiors are colorful, they’ll usually stick to just one contrasting color to keep the color from overwhelming the space. 6. Minimalist This type of interior design is characterized by bright spaces, simple decor and open concept interiors. Usually, these interiors are mostly white to maintain a clean look. The minimalist style is about keeping things simple, so less is truly more. Your space doesn’t need to be completely devoid of decor, but it shouldn’t feel cluttered. Focus on creating clean lines so there’s nothing to distract you from your peace. 7. Modern Modern interior design has a lot of similarities to minimalism, but it typically features more decor and pops of color. It still has the clean, bright feel of a minimalist space, but the inclusion of some more decor can help it feel more like home for people who aren't ready to commit to a minimalist lifestyle. Still, 8. Traditional The traditional style has remained one of the most popular types of interior design for centuries. It draws inspiration from European elements such as rich textiles and carved wood. Many home design elements that come from traditional interior design — like crown molding — are desirable for any homeowner. These interiors feature an array of textures, from grand window furnishings to detailed woodwork. Choose furniture that showcases wood grain in rich tones to keep this style feeling cozy and personal. 9. Transitional Transitional interior design warms up modern design with its traditional influences. Spaces like this typically feature traditional style furniture. Then, the style is elevated with modern touches like geometric lamps or a gallery wall. Transitional interiors often use neutral tones and muted color palettes. 10. French Country French country interior design combines rococo and rustic design, which were the two most popular styles from 17th- and 18th-century France. Rococo design features pastels for a lighthearted extravagance, while rustic design features lots of dark wood and rich furnishings like furs. As a result, French country is known for its mix of dark wood furnishings and pastel textiles. You’ll often see delicate patterns, such as florals contrasted against darker furnished features. 11. Scandinavian Scandinavian interior design style has its roots throughout Scandinavia but is usually attributed to the Danish Selskabet for Dekorativ Kunst — or the Danish Company for Decorative Arts. Scandinavian style is a twist on modern design that adds some organic elements. This type of interior design departs from the elements that can make the modern style feel sterile to some people. Liven up your Scandinavian space by integrating natural materials like rattan and rich textures like a faux fur throw. Another key feature of Scandinavian design is its use of color; muted colors like mauves and olive greens are common. 12. Industrial Industrial design is characterized by exposed wood, brick and metal elements with little color. It works well in open or lofted spaces with large windows and lots of natural light. Industrial design mixes a vintage and modern feel. Its furniture and accessories typically have modern shapes but vintage-feeling materials like unpolished metal or 13. Eclectic Eclectic design refers to spaces that take influence from multiple design styles. While it originally referred to combining more traditional styles, many people add modern touches to their eclectic designs. Eclectic interior design is all about building your ideal space, so feel free to play around and choose your favorite characteristics of multiple styles to 14. Modern Farmhouse As the name suggests, modern farmhouse style combines elements from both the cottage and modern styles. It brings all of the traditional comfort and coziness and adds a modern twist, integrating clean lined and a bright feel. This style bridges the gap for people who find modern design too clinical and farmhouse design too traditional for their tastes. Whether you’re styling your primary or secondary home, it’s important to have a space where you can relax and enjoy yourself. Exploring the different types of interior design and discovering what resonates with you is just one way to Pacaso’s approach to interior design Thanks to Pacaso’s team of designers, each Pacaso home is expertly designed and furnished to strike the perfect balance between trend-forward style and timeless appeal. While it reflects the latest home trends and design standards trends, it also maintains enduring elegance and comfort, ensuring your home looks beautiful today and continues to feel fresh for years to come.  The Pacaso home design process With Pacaso, there is no need to worry about how to decorate a new home. Pacaso’s in‑house design team takes a holistic and highly intentional approach to This thoughtful approach ensures that every Pacaso home feels relaxing, cohesive, and uniquely tailored to its setting, so owners can step inside and instantly feel at ease.  Design Certified  Every Pacaso home is Designing your home in your preferred style Discovering your unique interior design style is an exciting journey, but creating a cohesive, beautifully curated home often requires an understanding of the types of interior design, thoughtful planning — and often, professional guidance. Working with an If you’re considering a second home, innovative solutions like Pacaso’s Explore Pacaso’s

When you’re planning how to fund your next home purchase, it makes sense to look at all your financial assets. When you do so, you’re probably wondering, “Can I borrow from my IRA to buy a house?” The short answer is yes — and it’s a strategy plenty of buyers use. In fact, a If you’ve been contributing to an individual retirement account (IRA), you can make an IRA withdrawal for a home purchase — if you satisfy the requirements. We’ll break down the qualifications for penalty-free withdrawals, the differences between retirement accounts that you use, and the pros and cons of using an IRA to help fund a home purchase. First-time home buyer exception: The key rule to know Surprisingly, the IRS definition of a “first-time home buyer” doesn’t limit you to one home. Instead, the government uses a two-year lookback rule. If you (and your spouse) haven’t owned a primary home in the last two years, you are officially seen as first-time home buyers under IRS rules. All this is great news if you have been renting for a while and are ready to re-enter the market to buy your primary residence. Here’s exactly how the Always check with a tax professional to confirm your specific situation before you withdraw these funds. Withdrawal differences between traditional and Roth IRAs You can borrow from your Roth IRA to buy a house, because both traditional and Roth IRAs have provisions for penalty-free early withdrawals. But there are differences in how these withdrawals are treated in terms of taxes and eligibility.  Here’s a breakdown of the main differences between Roth IRA and traditional IRA withdrawal rules:  Whether you want to use a traditional or Roth IRA to pay for your home, you’ll need to talk to a financial advisor. They can help you understand how taxes and retirement savings could affect your money.  How to use an IRA to buy a house If you plan to use your retirement funds to buy a house, here is how to begin the early withdrawal process in a way that helps you avoid penalties. 1. Check the IRS qualifications Before you move a cent, you need to verify that you meet the A 120-day window gives you plenty of time to shop, but it’s best to plan ahead so that you reduce the risk of taxes and penalties. 2. Choose your retirement account After you’re sure you qualify for penalty-free withdrawals, it’s time to choose which account to take funds from. With various retirement account options, it’s important to note the key differences between your early withdrawal options: Consider the different tax responsibilities associated with each retirement account before making a withdrawal to avoid surprise fees.  3. Confirm your withdrawal amount You might be wondering how much cash you can actually pull from your IRA. The technical answer is that you can withdraw any amount. However, the Pros and cons of using an IRA for a home purchase Before you decide to tap into your IRA for a home purchase, it’s best to weigh the immediate benefits against the long-term trade-offs. One of the biggest arguments Here are the other key factors to consider: Making an IRA withdrawal is just one of many ways to finance a luxury home or second home. If affordability is the only thing stopping you, try our free Alternatives to withdrawing from your IRA If touching your retirement savings feels too risky, you have other options. Several loan programs can help you buy a home with little to no money down, leaving your retirement savings intact. Another strategy is to change Is using an IRA to buy a house the right move for you? Now that you know the answer to “can I borrow from my IRA to buy a house?” is yes, the next step is deciding if it aligns with your long-term goals. We recommend weighing all the

While there’s nothing more exciting than getting ready for a vacation, finding the perfect accommodations can feel stressful. You want privacy, a great view, proximity to activities and something that feels a bit more elevated than a typical hotel room, so you turn to a However, limited availability, last-minute changes and varying property standards can turn planning a getaway into a hassle.  In this guide, we’ll explore the factors that influence Airbnb pricing and availability and explain why Is there a best time to book an Airbnb? If you’re planning an Airbnb stay in a popular location or during peak travel times, like holidays, the earlier you book, the better. The same applies to properties with standout amenities, such as waterfront views, private pools or proximity to iconic landmarks like the Eiffel Tower in You can reserve an Airbnb up to two years in advance. In most cases, booking six months to a year in advance is plenty to secure top properties while still allowing flexibility. If you don’t see your dates available, it may be because the host hasn’t opened their calendar yet. Messaging the host directly can sometimes secure access before the dates officially appear. Last-minute bookings can work if you have a flexible schedule, and booking around four weeks in advance may save money, according to What factors affect Airbnb prices? Many factors affect Airbnb prices, but most come down to timing, location and demand. Just like hotels, Airbnb rates fluctuate based on when you travel, how popular the destination is and what the property offers. Seasonal travel trends, weekend demand, local events, neighborhood desirability and even guest reviews all play a role in how much a host can charge.  Below are the main factors that most directly influence the price of an Airbnb stay:  What do I need to know about cancellation policies? How early you’re comfortable booking often comes down to the cancellation policy, and on Airbnb, property owners have multiple options, such as those related to repairs. As a traveler, be sure to review the property's cancellation policy before booking to ensure it aligns with your travel plans.  While there are many cancellation policy types at Airbnb, here are a few of the most common you’ll encounter. Be sure to read the full policy before booking, as there are some rules regarding partial payments:  A better alternative to Airbnb: Pacaso To avoid Co-owning a luxury second home gives you guaranteed stays in top destinations like the Pacaso

The cost to build a luxury home depends on several factors such as lot size, home dimensions, finish quality and regional labor rates. On average, building an entry-level luxury residence costs between $200 and $500 per square foot. This means that an average 5,000 sq ft luxury home costs between $1 million and $2.5 million to build. For a more detailed understanding of how much you’ll spend when you Breaking down the luxury home build cost by tier When calculating the Common custom luxury home cost drivers Building custom luxury homes isn’t a one-size-fits-all process — there are more cost variables compared to a standard new build. Therefore, understanding the most common cost drivers can help you form a more accurate budget. Location  The location of your luxury home build plays a large role in its overall cost. This is because median home prices vary widely across the country. Land  One of the first expenses in building a luxury home is the cost of your homesite. According to the National Association of Home Builders, lot costs constitute about For example, a fully wooded lot will require tree removal, rocky soil will cost more to excavate for a foundation and land with a steep grade might need extra engineering to make it suitable for building. Plan for 3-8% of your budget to go toward site prep alone (excluding the cost of the land itself). Architectural and design fees Luxury home building is all about customization, and there are a few options when it comes to creating blueprints for your new home. The least expensive is to work with a developer and choose from pre-existing floor plans, with some customization options.  For a fully custom home, you’ll need to hire professionals to put your vision on paper, including an architect and engineer, and possibly an interior designer. These are often considered “soft costs”, meaning they're not direct construction costs, and they vary greatly. According to Ralston Architects, you can expect to spend Construction According to the National Association of Home Builders, construction costs make up Luxury add-ons make up the remaining 10-15% of your construction expenses. This includes radiant floor heating, intercoms, security systems, built-in stereo systems, smart home features, central vacuums, indoor pools, spas and more.  Getting these systems right the first time is worth it in terms of both money and hassle down the road. Interior finishes This is where you get to have the most fun and implement your favorite Exterior finishes The cost to build a luxury home also includes essentials like roofing and siding, and the materials you choose will impact your budget. Some of the You’ll also need to budget for paving walkways and driveways, as well as landscaping, including outdoor lighting and sod. Expect to use 15-20% of your budget for this important exterior work. Extras Approximately 17% of your budget will go toward paying your contractor and covering miscellaneous expenses, such as site waste removal and building permits, so be sure to factor those costs in. You may also run into building issues, authorize overtime hours for laborers or select additional upgrades that further add to the luxury home build cost. Benefits of owning with Pacaso vs. building a luxury home Choosing to build luxury homes is an ambitious endeavor, but it’s not the only option. It’s less hassle than calculating the cost per square foot to build a luxury home, and Pacaso offers right-sized ownership of ⅛ to ½ of a managed second home if you don’t plan on being there full-time.  Take a look at The Pacaso difference for owning a luxury home If a luxury second home is in your future, but the time or cost to build a luxury home feels out of reach, Pacaso might be the perfect fit. Pacaso’s co-ownership model offers all the comfort of a fully furnished, professionally decorated luxury home in a stunning location. Plus, you’ll get the peace of mind of integrated property management from the experienced Pacaso Crew.