Can A Log Cabin or Mountain Vacation Home Pay For Itself?

When the real estate market was thriving, vacation homes were a luxury that only those with expendable income could dream of owning. Today’s market sets a different tone for second homes with a country wide rise in affordable properties and some of the lowest interest rates in centuries. While second homes of years past may not have been able to pay for themselves, is it possible for today’s vacation home to pay for itself?

When vacation homes were more of a luxury and finding affordable log cabin foreclosures was like searching for lost treasure, the idea of renting out a property for a few weeks a year to counter expenses and taxes often left owners falling short. However the market is flooded with mountain homes for sale and log cabin foreclosures galore. The log cabins and mountain vacation properties available now have a greater chance of producing a positive cash flow if the buyer is diligent in making sure it does just that.

An affordable second home purchased at or below market value would need to be rented for at least 12 weeks out of the year to start paying for itself. This is about 3 months, and for mountain vacation rentals this works great for summer rental properties, but can work equally well for log cabins located in ski areas or attractive fall foliage areas which can extend their renting season beyond the 12 weeks of summer. With renting out a mountain vacation house you have to book the property early. Leave room in your rental price to offer a discount for booking the property for the next year to encourage return renters. It also pays to advertise your log cabin or mountain vacation home on the Internet where you are able to reach a wide audience for minimal expense.

A huge money saver and big step for making your mountain vacation home pay for itself is to leave the middleman out of the picture. Management companies suck upwards of 30% of your rental income into their pockets and not in yours. Handling rentals and maintenance isn’t that difficult, even from a distance. Consider a reasonable property manager instead of a property management company but check the references well as a bad property manager has the potential to hit your return on investment pretty hard. You should take the time to establish relationships with local services near your mountain vacation home and a simple calendar can make scheduling rentals a breeze.

Selecting the location of your mountain vacation home or log cabin will also play a big role in its’ ability to pay for itself. Obviously you will want to select a property in an area that people would want to rent. This usually means a resort area or an area with local attractions in addition to a beautiful mountain setting. Once you select an area to purchase a mountain vacation home, you are going to want to check to be sure the area does not have any fees for vacation-home-owners or costly permits for renting out the property for less than a month at a time. These fees would have an obvious negative effect on the bottom line of your investment and you would need to adjust your weekly rental rate accordingly.

If you have decided to take the plunge and are looking to purchase a mountain vacation home and have it pay for itself, here are the final questions that you need to ask yourself. Are you ready to invest a lot of time and research into costs, maintenance, taxes and more before buying anything? Are you willing to give up use of your great mountain vacation home during the peak renting seasons for at least the first three to five years? Are you willing to put in necessary work for unforeseen issues that arise with any property purchase? And finally, you need to be sure that you can cover the cost of the property should times get rough or you are unable to rent. If you can answer yes to all these things, you just might be ready to buy a log cabin or mountain vacation home that can pay for itself.

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Is It Nature’s Wonder Or Island Paradise? Paxos & Its Vacation Rentals For Holiday!

What would be your reaction when you find that there is a beautiful Island on the earth that can offer you the feeling of heaven? It will simply amaze you and you would love to plan a trip to discover the undiscovered beauty of this Island. It is Paxos, which is a Greek Ionian Island with small periphery of about seven by four miles.

This is the adorable place for all those people, seeking for the peaceful stay in the arms of natural beauty. So, if you are planning for a family trip or a romantic holiday, then give a try to this Island. Pebble beaches will definitely enchant you with its elegance; turquoise water will please you with its calmness; and olive groves embrace you with its beauty. Overall, you can find the tranquility everywhere in this island- from cliffs to olive trees, sea caves to shingled beaches, and from harbors to villa rentals.

More About the Island & the Vacation Rentals

The Island is still unspoilt due to its filtered tourist crowd. You will find a select crowd of people traversing here, especially those who look for some seclusion. Paxos is the best destination for families and couples with its tranquil approach and scenic beauty. If you are planning a trip for Paxos, then you will have to come by ferry from the Corfu. There is no airport, and this could be the reason of its unspoilt and tranquil beauty.

After arriving in this Island, you don’t need to worry about the stay. This small island has numbers of villa apartments with all luxury amenities. They can offer you the comfort and the freedom to spend quality time in proper seclusion with your partner. Additionally, you can experience the Greek Mediterranean life, staying at one of the villa rentals. Greek culture seems embossed on the interior and exterior of the rentals. White washed walls, stoneware, wooden beams, and stone furnishing is the perfect emblem of Greek culture.

These holiday rentals are designed to serve you the ecstasy and the serenity on the top with full comfort. Each villa is separated from the other and situated near the beaches. So, you can enjoy the beach view right from your rented place. You can also gaze at the scenic beauty right from the window of your room as you can find the surrounding of olive trees everywhere.

You will hardly find a hotel here to stay. It doesn’t mean that villas will cost you a lot. You can book any of the vacation rentals at a quite reasonable rate. You have a huge collection of villas. You can choose the one which can match with your requirement and can offer the luxury in your set budget.

No water park, no bar- only tranquility and wonderful scenery are there. However, you can find traditional tavernas there to try some Greek food. Its three main harbor villages- Lakka, Loggos, and Giaos are also there to show you the historical beauty at best.

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