Buying

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

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.

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.

There are so many ways to vacation: the consistency of a hotel, the extra space in a vacation rental, the structure of a These clubs can simplify travel and often offer a consistent quality, but they also come with commitments that may not align with your travel style. To decide if luxury vacation club memberships are right for you, here’s everything you need to know about this interesting travel program. What is a luxury vacation club?  A luxury 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 In addition to accommodations and experiences, the best luxury vacation clubs offer members concierge services and special perks with airlines, car rental companies and more.  Many large hotel chains, such as Hilton, Marriott, Hyatt and Wyndham, have travel clubs tailored to their own collection of hotels and resorts. However, the most exclusive, luxury travel 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 travel club has its nuances, they typically operate with the same general model. Members usually pay a one-time initiation fee to join. Then, you’ll pay annual dues, with prices fluctuating based on how much you want to travel each year. Costs can range from a few thousand to much more, depending on how exclusive the club you join is.  In exchange for your investment, you have access to a wide range of accommodations and experiences within luxury travel clubs, 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, alongside travel planning, an on-site concierge, daily housekeeping and more. Exclusive Resorts  If Inspirato is a luxury vacation club, Solstice Collection Solstice Collection is an intimate travel club membership 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 ultra-high-end luxury property of your choice.  Ritz-Carlton Destination Club The Ritz-Carlton Destination Club provides a hybrid option in the world of luxury travel club memberships, with partial ownership in their vacation club. Customers choose between a Home Club membership to invest in a single property or a Portfolio Club membership that gives access to Ritz-Carlton’s full roster of their private, multi-room estates.  Marriott Vacation Club As one of the largest travel vacation clubs, Marriott Vacation Club offers travelers a wide range of options through its points-based program. Points are redeemable at both Marriott luxury properties and hotels, with global availability. Members aren’t locked into a single property and can join the Abound program for access to Westin and Sheraton properties.  Disney Vacation Club The Disney Vacation Club is focused on access to the brand’s famous attractions, including theme parks, beach resorts, and cruises. They also host members at non-Disney properties and offer tour-based travel options, popular for adventurous families. The flexible points-based system lets members choose exactly how often they want to travel.  Hyatt Vacation Club The Hyatt Vacation Club is one of the best travel clubs for residential-style properties that often come with multiple rooms, fully stocked kitchens and traditional resort amenities. These properties are uniquely available to non-owners via Hyatt’s loyalty program, which incurs points that are redeemable at both resort and hotel properties.  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. Pacaso uses an innovative Pacaso takes care of all the details, from setting up a multi-member Enjoy luxury stays the Pacaso way The luxury vacation club is a popular option for travelers, but Pacaso’s co-ownership model suits those seeking long-term benefits of a property, with none of the upkeep of full ownership.  Pacaso handles property management, maintenance, and local compliance, so you can enjoy a winter stay in Tahoe without worrying about shoveling snow or arrive in London to a home that’s already prepared for you. Homes are located in some of the world’s most sought-after destinations across the U.S., Europe, and Mexico, including places like Paris, Napa Valley, Aspen, and Cabo San Lucas.  Because owners hold real equity in these homes, they’re more connected to the places they visit, supporting local communities while enjoying a professionally managed ownership experience. Browse

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

With careful planning, Unlike conventional investments such as stocks, a second home for investment comes with maintenance expenses. Instead of simply letting your asset appreciate, you’ll field repair costs, insurance bills and property taxes. However, tax breaks and potential income opportunities are strong upsides. This guide helps you decide if a second home investment property is right for you, demystifying each step of the process. How much do second homes really cost? The median U.S. home price is Prepare for the financial responsibilities of second homeownership by budgeting for:  It’s also important to consider the non-monetary costs. Maintaining a second home and acting as a landlord can be a considerable time-consuming and energy-intensive task if you rent it out. However, both sweat equity and cash investments in a second home can increase your return and make it worthwhile. What are my financing options?   Financing options lower upfront costs and make it more accessible to buy a second home. However, some lenders have specific requirements for qualification, such as proximity of a primary home to the property or a minimum number of days one must occupy the premises. Here are four types of loans to consider: How will you use the property? Most people purchase second homes for one of three investment purposes: short-term rental, long-term rental or later resale. Each has its pros and cons, so it’s critical to understand the differences before making an investment. 1. Personal vacation asset for later resale If you’re buying a home as an investment but have no intention of renting it out, your purchase falls under this category. It’s a good option for those who don’t want to manage tenants but want the benefits of a long-term investment property in an area they love to spend time in, such as a home in 2. Short-term rental Whether you’re buying a second home to rent out or plan to rent out your new property, short-term renting is a great way to get started with lower-commitment tenants. It has grown in popularity for good reason, and the short-term market is expected to grow beyond While short-term rentals are flexible, they do require more hands-on involvement. In contrast, a long-term rental has less turnover and day-to-day management, while simply living in your second home eliminates the management responsibilities entirely. 3. Long-term rental Long-term rentals are the “set it and forget it” option of the real estate world, offering consistency and predictable revenue. While management is still essential, it can be minimal, especially with good tenants and a well-maintained property. The second home investment type you decide to go with will also come with specific differences in taxes. Long-term renting a second home strikes a balance between reliable income and personal freedom, but typically doesn’t earn as much as short-term rentals, which can capitalize on high-season and holiday rates. What are the mortgage and tax differences between types of properties? Is buying a second home a good investment, fee-wise? You can expect higher interest rates, down payments and credit score requirements on a mortgage for investment properties compared to primary and second homes, so make sure to account for this difference.  The criteria lenders use to determine taxable rental income and Redfin predicts that a 30-year fixed mortgage will average How do second homes and investment properties differ? A second home is best for owners who want flexible access to their property. These general rules apply for second homes: An investment property is best for potential owners with a clear rental business plan, with no plans to reside on-site. Here are the requirements for an investment property:  Use these differences in lending terms and taxes to help inform your decision about how to use the property. Will I get a good return on my investment? To determine how much you’ll make from renting out a second home — and when you can expect a return on your investment — you’ll need a grasp on how much annual rental income it can earn.  Here’s how to estimate an annual rental return from a second home investment property: The remaining total is your profit, assuming the market aligns with your estimate. You can also estimate the projected long-term profit from selling your home if you: Once you’ve calculated the costs, weighed all the pros and cons and decided on the best way to use your property, you should know if a second home “business” is a smart investment for you. Co-ownership option Now that you know how to buy a second home to rent, the decision boils down to whether or not you want the responsibility of tenant management or a turnkey and Pacaso lets you own as little as 1/8th of a home while taking care of obligations like maintenance and taxes. It's not a timeshare — you can

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