It’s vacation time! Lots of great places to see throughout Southern California-Disneyland, San Diego’s Zoo and SeaWorld, the fabulous beach events along California’s Gold Coast-the list goes on and on. But hotels and motels are almost always booked in the summer. They also lack the home-friendly accommodations kids and teens need to feel at home. All the more reason why today’s families increasingly choose vacation homes when they vacation away from home.
Close to Popular Destinations
Many vacation homes are conveniently close to today’s most popular vacation destinations. Being just minutes away from these fun vacation spots can save you a lot of local travel time. If not within walking distance, many homes are close to public transportation or vans and shuttles operated by vacation destinations.
The Feel of a Real Home
Vacation homes are designed to feel as close to your real home as possible-much more so than a motel or hotel. Villas are designed to feel as close to your real home as possible-much more so than a motel or hotel. Families are increasingly discovering that these homes can be very accommodating to children and teens. That’s because they often have two or three bunk beds and several trundles. These allow children to share bedrooms. A number of these homes also have four bedrooms, which can sleep as many as 16 (for sports teams and girl/boy scouts groups). Some homes even have sofa sleepers in the family room.
Lots of Entertainment Options
To keep kids, teens and parents entertained, many vacation homes provide a wealth of entertainment options–something they need after a day of vacation, The homes feature action-packed gaming consoles like X-Box, DVD players, and smart TVs, Also included are Foosball, Netflix, and Wi-Fi access for smartphones, tablets, and laptops. These connectivity options provide plenty of information and entertainment for all ages.
Private BBQs, Swimming Pools, Relaxing Spas
Kids, teens, and especially parents need to relax after a busy day on rides and adventures. Vacation homes allow families to do what they usually are unable to do in a hotel or motel-make burgers, hot dogs, or steaks on a BBQ–in complete privacy. No need to reserve public BBQs or share space with strangers. Most homes come with a spacious outdoor dining table and lots of chairs. They also feature a relaxing spa and/or hot tub for the exclusive use of the family.
Home Cooked Meals
Unlike hotels and motels, which offer inflexible (and costly) menus, most vacation homes allow families to prepare home-cooked meals that fit the unique preferences of their health and taste needs. The homes feature fully appointed kitchens that come with stainless steel appliances, granite countertops, and spacious breakfast bars. The kitchens even include cooking utensils, dishes, flatware, pans, bakeware, and paper and cloth towels for added convenience. You can visit the more beautiful place for visiting magnetic island holiday house.
Affordable Cleaning Options
Hotel/motel laundry services can be really pricey for a family. Most vacation homes solve this problem by including a washing machine and dryer. Housekeeping services are also available to keep things nice and tidy while you’re vacationing.
How to Purchase a Vacation Home With Friends or Family
Who is responsible for what?
Another reason why you should set up a limited liability corporation instead of a tenancy in common: Limited liability corporations are normally required by law to have an operating agreement. You should have an attorney draft an agreement that clearly explains everybody’s ownership interest.
That ratio, be it 80:20 or 50:50, will determine how costs like real estate taxes and insurance are divided. The agreement should also clearly explain who the manager of the vacation home is, capital improvements, and how the maintenance of the home is going to be paid for and performed. The agreement gives the owners a guideline so that everyone knows before they own the place, what the parameters are.
You can think of it as a real-estate prenuptial agreement, it’s there to ensure that things run smoothly and head off resentment at the pass. Otherwise any under-discussed issues- like who is supposed to close up for the season or even clean out the gutters – can quickly and easily turn emotional.
Who gets which holidays and weekends?
People purchasing a house together should ask themselves if the other owners plan on being at the house at the same time, or alternate in using it since vacation homes normally have a prime-time of just a few months.
Normally, everyone wants to go to the vacation home at the same time of the year, during school breaks for example. If the owners do not talk about this in advance it can lead to everybody showing up at the home on the same day- which isn’t exactly the tranquil vacation home you have always dreamed about.
If you decide to split, you should work out an annual schedule in advance and also consider rotating who gets the major holiday weekends.
To rent or not to rent? / How to purchase a vacation home
From time to time your vacation home is going to be unoccupied no matter how many co-owners you have. If you are a neat freak and do not like strangers sleeping in your bed. You’ll not want to rent your vacation home. However, your brother might want to make some cash by renting out your shared vacation home.
You should hammer out whether you are going to rent out the vacation home. So that you can generate income when you are not there. If all the parties agree to rent the vacation home just ensure where you are purchasing will allow that. Some communities do not allow short-term rentals.
What happens if somebody wants out? / How to purchase a vacation home
You should have at least one discussion about how long everybody wants to be on board. What happens if one of the co-owners wants to sell. Giving the other owners the right of first refusal if you want to sell your share is a way to reduce conflict. You should think about if you can afford to buy out a co-owner. If you’ll be able to cover the extra maintenance costs and mortgage in the event somebody wants out.
