Hannah Desmo…, Renter in Fort Lauderdale, FL

What do you think of a vacation home as an investment?

Asked by Hannah Desmond, Fort Lauderdale, FL Wed May 22, 2013

Help the community by answering this question:


This can be a wonderful investment, especially in an area that is thriving, such as Fort Lauderdale. A number of factors you must consider are whether you would like a condo or home, and how often you would like to rent it. If you have a condo for a vacation rental, you must check first with your building to see the rental restrictions.
0 votes Thank Flag Link Thu Jun 6, 2013
I believe you may want to seek the advice of a financial advisor. As an investment, real estate is a great alternative investment than a traditional portfolios and it constitutes 5-9% of the US gross domestic product.

The big questions you want to ask yourself is, how are you using this vacation property? Will this be a winter home or a source of supplemental income?

If you won't be visiting your second home often, consider time shares as an option for vacation rentals, they require less capital and less risk, but you're usage is limited.
0 votes Thank Flag Link Mon Jun 3, 2013
Hello Hannah Desmond;

If you're paying cash for the property and the building allows at least one rental per year, some complexes are non-restrictive, buying a condo as a second home or vacation property in a desirable location like Ft. Lauderdale is currently a sound investment. Just make sure you find out what the rules and regulations are before you decide to purchase. Amenities, allowing small dogs, heated pools and even perhaps having a washer and dryer in the condo itself are all really good features that help facilitate future short term rentals. Work with an agent that will contact the association thus providing you meaningful information so it will be easier to one day sell and easier to one day rent. If you'd like, attached is a brief link for to fill-out and submit so I'll have the opportunity to find you that ideal property.


Joe Roman
ERA Herman Group Real Estate
0 votes Thank Flag Link Mon Jun 3, 2013
Vacation homes can be a great investment, but like all investments you need to do a fair amount of work to insure you have made a good investment.
0 votes Thank Flag Link Mon May 27, 2013

Here is a blog I wrote about vacation homes that you might find interesting:

Vacation Homes As An Investment

Let me know if you need help finding a vacation home in Fort Lauderdale!

Chad Gray PA | Realtor
Luxury Living Fort Lauderdale
(at Coldwell Banker Residential Real Estate)

100% of clients rated our service as "EXCELLENT"!

0 votes Thank Flag Link Thu May 23, 2013

What do you consider a vacation home?

Many Americans, Canadians or from everywhere in the world, whether they are fully fully retired or semi-retired and even non-retired investors buy homes and condos as investments for 2nd or 3rd or more properties. They rent them out but in short rental periods so the can sometimes use them for personal short vacations. However, that works better for houses because condominiums are generally very restrictive with their rental policies.

Because the real estate market across the US is recovering and prices are rebounding upward, investing in properties is a good investment.
0 votes Thank Flag Link Wed May 22, 2013
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