When you have a favorite destination that you visit regularly and spend weeks at during the summer and other travel times, it can be nice to buy your own cabin that you can use and enjoy on a regular basis. In addition to stocking it with your essentials and favorite games, movies, and equipment, you know it is always going to be available for you to stay in whenever you need it, which is what makes owning a vacation cabin so attractive. Here are some essential tips to consider when you are planning to buy a vacation cabin home.
Plan For Maintenance
When you are planning to buy a vacation cabin or home, be sure you understand all the maintenance the property is going to need so you can plan to handle it. If you are going to stay in your vacation cabin every weekend and a couple full weeks during the summer months, be sure you arrange for care of it during the rest of the year. You can catch up on maintenance and cleaning when you visit the cabin each time, but what about when you are not there? You may need to arrange for yard care, such as mowing the lawn, watering vegetation and trees, and handling any pest issues in the yard, especially if the cabin is surrounded by a lot of wildlife.
Then, you should also look at winterizing the property for the off season when you will not use it. Or if you plan to rent the cabin out when you are not using it, who will handle this management and the property's cleaning? Someone will need to make sure the HVAC filter is changed regularly, the property is checked for water leaks and pest problems, and it is monitored for illegal activity or the chance of vandalism.
Consider a Rental Arrangement
There can be a lot of extra costs with ownership in a second vacation home, so if you have a cabin in a popular vacation destination, why not rent it out? There will be specific times of the year and prime usage weekends when you know you will be using the vacation cabin; however, when you do not plan to stay in it you can put it to work for you and earn some extra income.
Look at hiring a property manager to manage it as a vacation rental. They will take care of renting it to qualified renters, collecting security deposits, arranging for cleaning, and handling all other management tasks. All you will need to do is let them know what dates to blackout so you can stay there on your own personal time off.
Contact a real estate agent to start looking at cabins for purchase in your area.