Thinking About a Vacation Home? Let’s Make Sure It’s the Right Fit
Owning a vacation home is a dream for many families — a place to escape, recharge, and create memories. But before you start picturing sunsets on the deck, it’s important to make sure this big purchase fits your long-term financial goals.
Start With the Big Questions
Ask yourself:
✔️ Will we use it enough to justify the cost?
✔️ Are there bigger financial priorities right now (like retirement savings, debt repayment, or children’s education)?
✔️ What’s the opportunity cost — what are we giving up in exchange for this purchase?
These questions help determine if a vacation property makes sense right now, or if it’s a goal to plan toward in the future.
Financing Considerations
If you’re planning to finance your vacation home, here are some of the key areas we’ll review together:
💰 Downpayment – Typically between 5–20% (sometimes more, depending on the property and lender requirements).
📊 Affordability – We’ll calculate your GDS/TDS ratios to make sure monthly payments are sustainable.
📍 Location – Not all areas qualify easily for financing. Remote cabins, off-grid properties, or international purchases can come with added challenges.
🏡 Usage – Whether the property is purely for personal use or also rented out influences both your mortgage options and your tax obligations.
Beyond the Mortgage
A vacation home isn’t just about the financing — we’ll also look at:
Long-term property value and resale potential
Seasonal access (is it usable year-round?)
Management when you’re not there (maintenance, security, rental management if applicable)
The Bottom Line
A vacation home can be a great investment in lifestyle and family time — but only if it’s the right financial fit. My role is to help you see the full picture and build a financing plan that aligns with your goals.
Thinking about a vacation property? Let’s explore your options together.
📞 Reach me directly at 514-994-1030 and let’s bring your vision to life.