Posts tagged with "building"

vacation homes, rentals, condominiums, cooperatives, Vaughn Lowery, 360 MAGAZINE

5 Things to Consider Before Buying a Vacation Home

If you’re in a financial position where you are considering a vacation home, it can be exciting. Maybe your family has a favorite travel destination, or you’ve come across a great deal, and you think you might be ready to dive in.

Last year according to the National Association of Realtors, around one in eight homebuyers were purchasing a second home.


There is a lot that goes into buying a vacation home in terms of finances and logistics that you need to keep in mind. Sometimes it can sound dreamy, but the reality is different than you expected it would be, and the following are five important things to consider and weigh before buying a vacation home.


How Much Is It Really Going to Cost?


You may be looking at just the cost of the property itself and thinking it’s a great deal, but that only tells a small fraction of the story.


For example, is the house close enough to drive to, or will you be flying? If it’s somewhere you have to fly to, then you may have to buy an additional car to use when you’re there, and that comes with its own set of costs beyond the purchase price, such as carrying auto insurance for a rarely driven vehicle.


If you have to fly, you also have to factor in how much those airline tickets are going to cost you every time you want to go to your second home.


You’ll need other types of insurance along with auto insurance, such as homeowners’ insurance, and if your second home is in a place where flooding or hurricanes are likely, you’ll have to add that coverage in.
Other costs that often come with a second home include utility bills, homeowners association fees, and maintenance for the lawn.


Are You Willing to Commit to One Travel Destination?


If you buy a second home in a place you love, you may be happy only to travel there but you have to ensure that’s the case. You may be very limited in where you’re able to go outside of traveling to your vacation home.


If you’re someone who likes familiar routines, this could be fine for you, but if you are someone who has the travel bug, you might want to save your money and put it toward trips around the world versus locking yourself into one destination.


Are You Going to Rent It Out?


Some people who buy a second home will use it as a source of income when they’re not there, by renting it out. It can be a good way to cover some of the costs of owning a second home, but it’s a lot of work to own and rent out a property.


First, you have to ensure you can even rent it out at all. Certain neighborhoods or condo buildings might not allow this.


You also have to think about how you would rent it out—some locations in the country don’t allow Airbnb, for example, so you may have to pay an agency to handle it for you.


You also then have to pay for additional maintenance, insurance and cleaning services.


Plus, the most demand for your rental is going to be during the high season wherever it’s located, and that’s going to cut into your ability to enjoy your home.


What Will the Taxes Be?


A vacation home is a personal residence according to the IRS if you rent it out 14 days or fewer a year. If you rent it out more than 14 days a year, it’s considered a rental property. Either way, you have to report the rental income, plus there are issues like property taxes to take into consideration.


Are You Being Realistic?


The biggest thing to think about aside from the financial considerations is if you’re being realistic about the potential value, monetary and otherwise, that a second home will bring to your life and the life of your family.


There are snowbirds that love their vacation homes, and they use them for months at a time.


However, if you have a young family and you’re working full-time, this just isn’t going to be feasible.


What can initially seem like a dream may turn into something that you rarely get time to go to, and a vacation home can quickly become a burden.


You want to make sure you have the time and willingness to use your vacation home before you make such a big purchase that’s going to impact your finances and your life in so many ways.

Gift Guide × Health Conscious Foodie

(Photo credit— VeganSmart Instagram)

Each holiday is filled with homemade recipes and delicious snacks, making it a foodie’s favorite time of year. This year, instead of gifting the foodie in your life one of their favorite treats, why not step it up by introducing them to new, healthy flavors their taste buds will love. 
 
Below are some healthy picks that are sure to shake up every foodie’s holiday!

 
For the foodies who love spicy:

MINA Classic Moroccan Harissa, Shakshuka and Tagine’s spice up the flavor of your food, add nutrients to your health and easily up your cooking game. What can be used as a sauce, dip or spread, Mina Moroccan sauces are versatile in its ability to add heat to any dish, as well as make Moroccan cuisine quick and easy.


For the foodies who like a little crunch:

The newest superfood, Wine RayZyn, is a hand-harvested wine grape naturally toasted and caramelized, keeping the skin and seeds intact to provide unprecedented amounts of fiber, nutrients, and antioxidants—not to mention, a delicious crunch. RayZyn can be added to all your salads, baked goods, side dishes and more!

 

 
For the trendy foodies:

Olitalia, an Italian-based and globally loved olive oil and vinegar company, is introducing their line of balsamic-based Drink Vinegar to the U.S. market just in time for the holidays. Available on Amazon and nationwide in October, Drink Vinegar helps improve metabolism, enhance digestion, serves as an excellent source of Potassium, Calcium, Vitamin B2 and B3 AND can restore your skin’s natural beauty and radiance.

 

 
For the foodies always on the go:

VeganSmart, a line of delicious, plant-based nutritional shake, with no dairy, eggs, soy, artificial sweeteners, flavors, colors, preservatives, cholesterol, acesulfame-K, MSG, and zero trans-fat, is the perfect way to stay full and keep your energy up during the busy holiday season. Containing 5 different non-GMO plant based proteins, VeganSmart provides the essential amino acids for building and repairing tissue and muscle.


Drakes Beach Sand Sculpture Contest

Point Reyes National Seashore invites you to 

the 36th Annual Sand Sculpture Contest 

at Drakes Beach

Sunday, August 27, 2017

from 9 am to 3:30 pm

Prizes awarded in each of several age and group categories. Free to participants and spectators. Registration begins at 9 am at the Ken Patrick Visitor Center. Judging begins at 12 pm and prizes will be awarded at 3:30 pm.

Please note the change of date. The Annual Sand Sculpture Contest will be held on the Sunday before Labor Day weekend, as opposed to the Sunday of Labor Day weekend.

We welcome all ages at this free community event located at Drakes Beach. Categories include: Children (14 and under), Families, Adult Individuals, and Adult Groups. Three prizes will be awarded in each of those categories, along with prizes for the sculpture with the most recycled plastic included.

Please be aware that parking will be extremely limited during the contest and Drakes Beach will be heavily impacted with contest participants. To avoid crowds here, please consider visiting another beach in the park.

This event is family based, but please remember no dogs are allowed on this designated swimming beach (no lifeguard on duty).

Bring a picnic and spend the day! Or, patronize the PRNSA Bookstore for hot and cold drinks, breakfast pastries, oatmeal, snacks, sandwiches, books, and gifts for sale. All proceeds benefit Point Reyes National Seashore!

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Point Reyes National Seashore Association’s Drake’s Beach Bookstore stocks a selection of apparel and field guides in addition to a wide variety of snacks, drinks, and hot coffee to provision your excursion into the park.

We’ll be open this weekend, Saturday, August 26, at 10am, and Sunday, August 27, at 9am, the store closes at 5pm both days.

While you’re out on the Point, make time to visit the newly restored Drakes Estero, the only West Coast marine wilderness south of Alaska, and the restored Drakes Estero Trail, both made possible in part by PRNSA and donors like you.
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PRNSA works with the park and the public to preserve, restore and maintain wildlife habitat, trails, and historic sites in our beautifulcoastal park. If you would like to renew your membership or give an additional gift, let them hear from you!

 

Learn about PRNSA’s many varied programs and events at

www.ptreyes.org