The Real Cost of a Vacation Home
What if instead of buying that home, you invested that money? Find ot about house investment.
What if instead of buying that home, you invested that money? Find ot about house investment.
Ah, vacation. Beautiful sights. Beautiful sounds. Beautiful homes. If there’s one thing that we all do while we’re on vacation, it’s dream.
How great would it be to own a vacation home in one of the most beautiful places on Earth? Maybe you could just have a look at some real estate prices. Couldn’t hurt, right? Actually, it could.
In the top 5 travel destinations in the US, the average home price is nearly a half a million dollars, plus expenses. You could spend that money today on a new vacation home. It’s what you want, right?
But what if instead of buying that home, you invested that money, house investment? Half a million dollars, earning a hypothetical 6% rate of return over 20 years, could grow to more than $1.6 million dollars. Now, 20 years later, would you rather have a vacation home that may or may not have appreciated in value, or $1.6 million dollars?
Call us today and we can talk about which choice is right for you, right now and in the future.