AARP Smart Guide to Buying a Vacation Home
Considering a vacation home or investment property? Whether its abeach cottage or mountain retreat, a second property can be rewarding yet complex. This guide covers important matters such as choosing the right location, understanding tax benefits and managing finances. INITIAL CONSIDERATIONS 1. How will you use it? Others see potential in short-term rental income that can help offset the cost of the property. For the latter, experts advise approaching the investment with your personal interests in mind first....