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Considerations For Vacation Homes

Updated: Aug 10, 2021

Let's make your vacation home dream a reality.


There are so many decision to make when buying a vacation property. Here are some considerations to get you your dream mountain lifestyle.

You've made the decision, now do the research.

Match housing choices to your lifestyle

Many people assume they must own a primary residence before owning a vacation home, but that’s not necessarily true. What’s really important is matching your housing choices to your lifestyle.

You may live in a city and want lots of space that you can’t afford there. You could rent a modest condo in the city and buy a large vacation home outside the metro area.

Or you may live in a large country house and want to enjoy city life as much as you can. In that case, you could own your country home and also buy a vacation condo in the city.

Decide how you’ll use it

You need to consider how you intend to own and use your property. You have three options:

  • Primary residence. Enjoy the mountains year-round. You can buy for as little as 3 percent down (if your loan doesn’t exceed $417,000), and you get significant homeowner tax benefits.

  • Second home. You can use your second home anytime you want.

  • Investment property. You can rent the home and use it when it’s not rented.

Understand the total cost of owning it

What about the little costs. Make a list and use this to your advantage when selecting or selling your Mountain property You also need to plan for personal budget items:

  • Gas, electric, cable TV and internet

  • Furniture and housewares

  • Travel costs to your vacation home

  • Total cost of property maintenance items, like cleaning, landscaping and pool/spa upkeep

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