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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
Should I buy a vacation home? | Print |

Should I buy a vacation home in Lexington, South Carolina ?

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 in the Lexington, South Carolina area 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 fewer than 14 days a year, or 10 percent of the rented days - whichever is greater.

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.


Questions about Lexington, South Carolina Real Estate?

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Last Updated ( Thursday, 04 September 2008 )
 
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