There's a fine difference between a second home and a vacation home. If you are going to primarily use the home for yourself, then, it is probably a second home. If you're going to use it some during the year and rent it out the rest of the time, it is probably a vacation home. There is another possibility. If you use it for 14 days a year or less, the property could be a rental property which means you may have some benefits that are not available to vacation properties. These may seem insignificant, but the tax laws require that they are handled differently. Try to be realistic about what your expectations are for the property. Are you looking for an investment that will earn rental income and go up in value? Are you trying to find a way to lower the costs of vacations by owning the property? How do you feel about strangers using your property when you're not there? Vacation rentals are short-term which may realize higher rents, but they could also have higher than … Continue reading...