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Contact Information

Charles Still
Russell & Jeffcoat Realtors
5599 Sunset Blvd
Lexington, SC, 29072
Office: 803.233.7544
Cell: 803.240.3320
Charles@CharlesStill.com
are vacation homes an investment? | Print |

What do you think of a Lexington, South Carolina area vacation home as an investment?

You can buy a vacation home today for investment purposes as well as enjoyment. And yes, there are tax benefits.
Some people buy a vacation home in the Lexington, South Carolina area to use as a permanent retirement home later, which allows them to get ahead on their payments. Another benefit is that the interest and property taxes on a vacation home are tax-deductible.
Some real estate experts predict that vacation homes will appreciate in value due to rising demand from the aging Baby Boom generation.
You also can depreciate the property if you live in the house fewer than 14 days a year, or 10 percent of the number of rented days - whichever is greater.
You also need to consider whether you can afford to carry two mortgages, pay for the extra utilities and maintenance costs, and how this investment fits into your total personal finance picture.


Questions about Lexington, South Carolina Real Estate?

Ask us below or Call us Now at (803) 233-7544
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Last Updated ( Thursday, 04 September 2008 )
 
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