Even when you have children itâ€™s pretty likely that you go on a family vacation each year, or at least once in awhile. It may be prudent and cost effective to consider investing in a stationary vacation property while your children are young if itâ€™s something you can afford right now. Itâ€™s a wise option if a vacation home is something youâ€™re going to want after you retire and the market for buying a home is currently a good one.
One people â€œflyâ€ south for the winter, especially those that are retired. Having a vacation home now guarantees you have that place to escape to later in life, and it also ensures you have a vacation place to go to each year prior. If you donâ€™t like letting it sit empty for the majority of the year you could always rent it out as a timeshare when you donâ€™t need it. [Read more…] about Should You Invest In A Vacation Property While Your Kids Are Still Home?