Summer is here and in full swing, and that means cook-outs, hitting the beach with family and friends, fireworks, and generally just getting out and enjoying the fresh Michigan air. There's nothing quite like a quiet summer morning by the lake or a late night out with the kids, watching lightning bugs find their soul mates after cooking homemade s'mores and pie iron pizzas over a campfire.
Instead of renting your little slice of heaven, this year may be the time to finally take the plunge and purchase your own getaway. Here are five reasons why buying your own cabin or vacation home is a good idea.
5. Real estate is always a good investment. If you have the flexibility in your schedule to finance another property, investing in a second home is a great way to diversify how you hold your assets, and the sky is the limit as far as how much you can improve the property and increase the value of your holdings.
4. No time share scheduling and no calling or emailing for reservations. There's that gut-sinking moment when you realize it's only two week until the 4th of July and that no one has made reservations for the cabin you rent every year. If you own the cabin in question, you never have to worry about a rate increase, damages caused by other tenants, or not being able to secure the property when you'd like to visit it
3. It can provide rental income as well. If your family is using the cabin only a few weeks every year, you will have the option, provided it meets certain standards, of renting the property out. These days, with free websites like Craigslist and service sites like AirBnB, it is very easy to advertise rental properties without investing a lot of money.
2. You can customize the space to ensure it fits your esthetics. Maybe you hate the country/cabin decorating scheme found in many rental cottages. Maybe you refuse to cook on an electric range. Or you can't find a rental cabin that allows you bring three big dogs and your son's pet snake. Or maybe you can't imagine relaxing in the woods without a hot tub out under the night sky to soak in. Whatever your personal preferences, when you own your own little getaway, you can make sure it fits your requirements without losing a security deposit.
1. You'll always have some place to escape to when life gets hectic. No reservations required; you can always just hop in your car, pack up the kids and dog, and head out somewhere quiet to get away from it all. Nothing says relaxation like having the ability to enjoy the fresh outdoor air without any planning or stress involved.
If you are considering purchasing a cabin, summer home, or other investment property, Pyxis Realty is here to help! Michigan has some amazing locations to choose from when considering a second home, cabin, or summer home. Whether you're looking for a place right on the water somewhere or a quaint place tucked far back in the woods, there's a place to suit every need in our state. Contact our office today to get started on the search process for the perfect summer getaway!