Why not buy your vacation home first?

If the plan is to own your main home AND own a vacation home, why not buy your vacation home first?

The household goal for many families is to own at least two properties: your main home and your vacation home.  Your home base & your happy place.

Conventional thought is rent until you’ve positioned yourself to buy, then pay a mortgage and live in your home.  Then ideally, at some point, you’re able to budget in purchasing a vacation home and you make it happen!

And this will continue to be an excellent way to achieve that goal, and has been a successful conventional strategy for good reason.  The idea of purchasing your vacation home first is not intended to challenge that; it is offered as an unconventional approach to achieving the same goal.

Washington state is particularly perfect for this concept with so many incredible vacation spots that feel a world away (while also being conveniently located and getting great phone and internet service).  Your mountain, lake, beach, golf course, or forest vacation home is within a reasonable drive.

Is it possible your seemingly far away dream is actually realistic much sooner?  If you are currently paying $2,500 in rent and saving $1,000 a month to eventually buy a home, why not put that $1,000 a month into real estate you can own much sooner.  

A full-time oasis available to you.  Or a part-time short-term rental that generates income.  That’s gaining equity while allowing you to vacation more often.  And can be sold if that equity is needed, often for more than if those funds sat in a savings account.  

Reach out to West Coast Home Tours if you are ready to take that next step, or if we can help with any questions or clarifications about anything in the real estate world.