Why Buy a River Club Cottage?
Vacation home ownership is on the rise while the number of water front resorts has not kept pace. This trend is expected to continue as municipalities throughout the United States impose land use restrictions. As a result, owning your own Vacation home is a smart move for a number of reasons. Instead of throwing away money on rent, your mortgage payments build equity and may be tax deductible. In addition, your deeded, Vacation home can generate income for you if you choose to rent. Consider this scenario: Fifteen years of rent payments vs. fifteen years of mortgage payments. You decide which is best. Thousands of Vacation home owners have already made the decision to own vs. rent. It just makes sense. Advantages of Owning Your Own Vacation Cottage Tax breaks may be possible on both the property and association dues if you decide to rent out your Cottage. Timing is everything: Baby boomers are looking to purchase water front Vacation homes as second homes and sales are on the rise with
