What You Need to Know Before You Buy a Vacation Home
Owning a vacation home comes with financing, tax, and management issues. Here’s what you need to know before you decide to buy a second home in your favorite vacation spot.
Have you ever considered buying a property in your favorite vacation destination? Maybe you’re tired of paying high rental prices. Or your family needs more room than you can get in a hotel or reasonably priced vacation rental. Or maybe you just want a place for your family to gather whenever it’s convenient.
Ralene Nelson, REALTOR®
CONTINGENT/Showing- 822 Linda Vista Wy. Rio Vista, 3bd/2bth/1,296sq.ft.
Located in town, this charming bungalow-like home with a huge backyard for family activities, BBQ, soccer, etc., or build a pool. Three bedrooms, two baths with indoor laundry with a larger great room makes for a comfy home. Kitchen with newer quartz countertops, Freshly painted cabinets, black appliances, and island for that chef to cook up that feast for family & friends. New laminate flooring throughout the home, tile in baths. The detached 2-plus car garage has an attic for storage. Room for RV parking and front driveway provides parking for 3-4 cars. Refrigerator, washer/dryer included so just bring the furniture. Leased solar. READ MORE
COMING SOON – 439 Cedar Ridge Dr. Rio Vista, CA 2BD/2.5BA
This stunning Catamaran gets your attention immediately as you walk up the flagstone entry to the front door. Enter and you are welcomed by the warm paint colors! Look through the living room windows to the fantastic golf course and tree views. The covered patio is east facing – perfect for enjoying your morning coffee as the sun rises or relaxing in the evening with your favorite beverage in your fully fenced backyard on the 13th fairway – a par 3 so you can see from tee to green. In the home, you will notice many upgrades including a NEST thermostat, granite counters in the kitchen, beautiful upgraded laminate floors, crown moldings, shutters, and more!
****For more information contact Ralene at 707-334-0699.
Delta Diamond Farm Estate & Event Center, 15175 Hwy 160, Isleton, 25.1 ac
Asking $3,250,000- Delta Diamond Farms is a very unique property, built in the late 1880s, fully renovated by currents owners in 2005. 4 story, 3850 sqft Victorian home, the potential for 5 beds, 3.5 baths, located on 25.1 acres, currently operating as a wedding event compound & family/corp. events, & is permitted. Expansive lawn area & beautifully landscaped courtyard with 3 self-contained cottages. Barn (8000 sqft) & metal workshop constructed in late 1880’s, renovated with concrete perimeter foundation/slab floor, & full loft. 50’s Replica Gas Station remodeled as operational restrooms. New 2300 sqft 6 carriage house w/half bath. 4200 sqft metal building set up for catering, (refrigerators, freezer, ice machine, table/chair/linen storage w/industrial washer/dryer. 3200 sqft metal newer building, equipped with workshop, office, bedroom & full bathroom w/shower. Property has 2 wells (domestic/agricultural) w/riparian rights from Sacramento River. River access with 60 ft custom dock & waterfront observation deck. READ MORE
Real Estate News
Timely Reasons to Buy a Vacation Home
With remote work on the rise, more people are looking for a permanent getaway.
If you’ve been dreaming of buying a cabin in the woods, a cottage on the beach or some other retreat, you have compelling reasons to pull the trigger. As coronavirus cases surge in parts of the country, being able to shelter away from crowded areas has a lot of appeal. To keep employees healthy, some companies continue to allow telework, reducing the need for workers to be near their offices. Why not plug in with a view of the ocean or mountains?
What’s more, mortgage interest rates have sunk to record lows. In mid July, the average rate on a 30-year fixed-rate mortgage dipped to 2.98%—the first time the rate has fallen below 3% in the nearly 50 years that Freddie Mac has been keeping records.
How Can I Afford a Vacation Home?
You just returned from an awesome family beach vacation, and now you have the bright idea to buy a seaside home to keep the memories going year after year.
Before you start searching for available properties, it’s important to step back and consider some questions about owning a vacation home. You might discover that over time a second house turns into more responsibility than you had envisioned. With the help of a quality real estate agent, you can decide if buying a vacation home is right for you. To get started, ask yourself these three questions:
Question 1: Can I afford a vacation home?
Question 2: Can I afford the ongoing expenses of maintaining a vacation home?
Question 3: Should I rent instead of buy?
Here are 6 ways to take a safe vacation during COVID:
Book a socially distant hotel stay
We already know that most major hotel chains have announced wide-reaching new cleaning policies made in combination with health experts. These policies focus on social distancing and contact-free transactions such as virtual check-in and out, digital keys, limited dining, and more.
However, the experts we interviewed still feel that the answer to the question ‘Are hotels safe during coronavirus’ is highly subjective and depends on whether an individual also takes proper protective measures like wearing a mask, distancing, and disinfecting.
If you swear by staying in hotels, make sure the property has announced rigorous new cleaning measures, and look for signs they are implementing such procedures, from check-in to common spaces like the elevator or pool, and of course, in your room. Some are even promoting COVID-friendly WFH — work from hotel — travel deals aimed at the socially distant traveler. Also, consider more remote properties with plenty of wide-open spaces and outdoor-friendly amenities.
If you’re worried about flexibility, many hotels are offering more generous cancellation policies right now than usual.
To help facilitate a socially distant hotel stay, the following destinations and hotels all detail new COVID policies and are well-suited for a domestic getaway. Think wide stretches of beaches, remote mountain retreats, idyllic island escapes, and other places that embrace the great outdoors.
Book a private vacation rental to limit interactions with others
After breaking down the risks of both hotels and vacation rentals such as Vrbo or Airbnb, the doctors and experts we spoke with agreed private vacation homes are likely safer than hotels because they come with fewer person-to-person interactions.
“While there is no question hotels are working diligently to keep their hotels clean and sanitized, Airbnb has a huge advantage given that the renter is generally the only one occupying the property,” said Dr. Neil Brown, K Health’s chief diagnosis officer. “With Airbnb’s new Enhanced Cleaning Initiative, the company provides a better option than public hotel spaces,” he said.
Additionally, the CDC’s current lodging guidelines note that private vacation rentals with members of your own household are a safer option than hotels or staying with family.
For those who like social distancing of aspect of vacation rentals, but prefer the comforts of hotels, consider in-between options like Sonder or Marriott Homes & Villas, which offer professionally managed vacation rentals with hotel-like amenities.
We detailed everything to know about vacation rentals, from what to know about Airbnb’s new cleaning protocol to the platform’s COVID cancellation policies and Airbnb Plus program, plus key differences between Airbnb and other vacation home rental sites such as Vrbo.
Plan a socially distant road trip during COVID
Remember when planning a road trip simply meant queueing up a great playlist and stocking up on snacks?
These days, they’re one of the safer-seeming ways to travel while limiting exposure, especially compared to planes, trains, and other mass transit. And should you feel any discomfort, or worse, become sick, you can hop back in the car and drive home.
From expert-recommended precautions to take and products to pack, to getaways that are close to home, scenic drives, and more, here are our top tips and ways to hit the road right now:
Camp somewhere remote
If you want to get away and embrace nature, but feel uncomfortable checking into a hotel or private lodging, there are plenty of other outdoor options from camping to glamping that make it easy to avoid crowds.
Book a home on wheels or pack your gear into the car and pitch a tent. These ideas all afford a charming level of rustic charm where you can control just how much, or little, you encounter the rest of the world. Even in colder areas, camping can be a cozy option, provided you bring plenty of warm supplies and a heavier sleeping bag. You may also want to consider car camping or truck camping to help ensure you’re plenty warm.
Work with a travel agent
While many travelers previously booked travel independently, some are returning to travel agents. These seasoned professionals have spent years in the business and are well-equipped to help clients identify viable locations with vetted, flexible policies. They may also have better insights into new practices at specific hotels to help determine how clean and safe they will be, and whether facilities and amenities may be impacted.
Their advice is to plan now, travel later (most of their clients are looking to travel between March and May of 2021), book refundable options, be aware of cleaning policies, try to travel domestically or close to home, opt for socially distant places, take advantage of deals, and assess your own comfort level with risk before booking.
The coronavirus pandemic
- Charts show the US on the brink of a 4th coronavirus surge as variants spread and states relax restrictions.
- Roughly 15 million doses of the Johnson & Johnson vaccine were ruined because of a factory mixup.
- The FDA could authorize Pfizer’s COVID-19 vaccine for 12- to 15-year-olds “in time for the fall school year.”
- The US just launched the first study testing a version of Moderna’s coronavirus vaccine tailored to fight a concerning variant.
- You may need a vaccine passport to travel this summer. Here’s what that could look like.