Is a Vacation Home a Good Way to Build Wealth?

Absolutely! A vacation home isn’t just a getaway—it can be a smart investment that builds long-term wealth while offering a place to relax and enjoy.

One of the biggest financial advantages of owning a vacation home is property appreciation. Desirable locations—beachfront communities, ski resorts, and charming retreat towns—tend to increase in value over time. Instead of spending money on rentals, every mortgage payment builds equity in an asset that may appreciate significantly.

Many owners also generate income by renting their home when they aren’t using it. In popular destinations, short-term rentals can help offset mortgage payments, property taxes, and maintenance costs. With today’s rental platforms and professional property management services, earning passive income while keeping the home available for personal use is easier than ever.

There may also be tax benefits, depending on how the property is used. Mortgage interest, property taxes, and certain expenses related to rental management could be deductible, making ownership even more attractive. A tax professional can help you navigate the details.

Beyond financial returns, a vacation home can be a lasting legacy—a place for family gatherings and future generations to enjoy. Choosing the right property is key, and expert guidance makes all the difference. Through the Sotheby’s International Realty network, I can connect you with top agents worldwide, ensuring you find the perfect vacation home to match your lifestyle and investment goals.

Thinking about a second home? Let’s talk—I’d love to help!