The Summer Home Dream: Is It Right for You?

A summer home is a dream many buyers share—lazy days on the deck, family barbecues, and your own private retreat whenever you want it. But before you buy, it’s worth asking: is this the right move for you? Here are a few key things to think about before taking on a second home.

What Lifestyle Changes Should You Expect?

Owning a summer home isn’t like checking into a rental for a week. It means caring for another property year-round—landscaping, repairs, and security all become part of your routine. Be ready to spend weekends on upkeep and travel planning, not just lounging by the water. For many owners, the trade-off is worth it: you gain a reliable place to gather with friends and family and build lasting memories.

Buying vs. Renting: Which Makes More Sense?

Should you buy or keep renting every summer? If you visit the same area often and rental prices keep rising, owning can lock in your costs. But if you like variety—or might want to vacation elsewhere in the future—renting keeps you flexible. Do the math: compare yearly rental costs to a second mortgage, insurance, property taxes, and maintenance to see what really fits your budget.

Surprises for First-Time Summer Homeowners

Many first-time buyers underestimate how much seasonal properties cost to maintain. Insurance is often higher near beaches or lakes. Remote cabins might need extra security or snow removal. Some owners are surprised by the cost of local caretakers or property managers, especially if they live far away. A good rule of thumb: budget for at least 1–2% of your home’s value in yearly maintenance.

Balancing Personal Use and Rental Income

To offset costs, many owners rent their summer home when they’re not using it. This can work well—but it requires planning. You’ll need to decide which weeks are yours and which to make available. Hire a reliable cleaner or property manager and know the local rules—some towns limit short-term rentals or require special permits. Clear agreements and good communication help you enjoy your time without unexpected rental headaches.

What to Ask Before Taking on a Second Mortgage

A second mortgage means extra monthly payments, taxes, and upkeep. Before you sign, ask yourself: Can I handle two mortgages if my income drops? Will I really use the home enough each year? Do I have a plan if my lifestyle changes? Could my money do more for me elsewhere? And what’s my backup plan if I decide to sell?

Is It Right for You?

A summer home can be an amazing investment in your lifestyle—but it comes with real responsibility. If you’re serious about buying, talk to a local agent who knows vacation markets. They’ll help you find a home that fits your budget, goals, and dreams—without any unwelcome surprises.