VACATION HOMES

VACATION HOMES

There’s an ongoing debate about the pros and cons of vacation homes and pied-à-terre’s — whether owned for personal use, rented as an investment, or both. Here’s a quick overview:

Pros:

  • High demand from part-time owners boosts property values in vacation areas.
  • These homes generate real estate taxes benefiting local communities.
  • They create jobs in construction, maintenance, and renovation.
  • Some areas impose additional rental and transfer taxes, adding local revenue.
  • Vacationers spend more on dining, shopping, and amenities, supporting local sales tax.
  • A mix of locals and visitors enriches community life.
  • Short-term rental owners often maintain properties well to keep good ratings.

Cons:

  • Increased demand can drive prices beyond what locals can afford, reducing long-term inventory.
  • Vacationers may not always respect local rules on noise and parking.
  • Part-time owners might not care for properties as fully as full-time residents.
  • Seasonal employment can be unstable for local workers.
  • Some pied-à-terre owners avoid local taxes, impacting community resources.
  • Laws and regulations around these homes can change unpredictably.
  • Hotel industry lobbyists often oppose short-term rentals as competition.

If you’re thinking about investing in or purchasing a vacation home or pied-à-terre, understanding these factors is key. I’m happy to discuss how this applies to your situation and local markets.  Reach out to Amie Pisano today.

📧 Email: [email protected]
📞 Phone: 914-715-2632


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Whether you're looking for a new home or thinking about selling your current one, reach out today. I am dedicated to guiding you every step of the way to help you realize your real estate goals. Let me put my expertise to work for you.

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