Question:   Should I buy a vacation home?

Answer:   Today a vacation home can be purchased for investment purposes as well as enjoyment. And yes, there are tax benefits.

Some people buy a vacation home with the idea of turning it into a permanent retirement home down the road, which puts them ahead on their payments. Another benefit is that the interest and property taxes are tax deductible, which helps to offset the cost of paying for a second home. A vacation home also can be depreciated if you live in it less than 14 days a year.

Resources: "Real Estate Investing From A to Z," William Pivar, Probus Publishing, Chicago; 1993.
"The Ultimate Language of Real Estate,'' John Reilly, Dearborn Financial Publishing, Chicago; 1993.





Atlanta Communities
Speak with a Realtor now! Contact The AtlantaPros Real Estate Team 770-346-9000
Email Atlanta Real Estate Pros





North Atlanta
  Luxury Homes



Recent Posts



Warning: readfile(http://www.rssfeedconverter.com/services/rss-converter/548f8ef209623/snippet3443-20141216) [function.readfile]: failed to open stream: HTTP request failed! HTTP/1.1 404 Not Found in /home/content/a/t/l/atlantapros/html/atlantapros/blog/real-estate-blog.php on line 3


Alpharetta Business Award