Owning Your Own Vacation Home

Your Own Vacation HomeHave you ever thought about buying your own piece of paradise in some vacation destination? It may be easier than you think! Whether it’s a one bedroom cottage by a lake or a four bedroom ocean front island condo, it would Your Own Vacation Home that you can visit whenever you want. The truth is that most people don’t consider purchasing their own vacation getaway, they feel that that is something reserved for celebrities, the rich and famous or a least the upper class. However, once upon a time that may have been true but, the recession that this country faced just a few short years ago has made this a definitely possible for many people.

Prior to the recession real estate values had risen to an all time high, loans were fairly easy to obtain and the banks were often willing to loan more money than a property was worth. Then, the recession hit, jobs were lost, unemployment rose and the value of real estate plummeted and many people found themselves upside down on their loans. As a result many people were unable to afford their vacation homes and they were lost to the banks. Soon the banks were overloaded with properties and no buyers. A few years have since pasted and there are still plenty of vacation properties available for purchase and often for a terrific deal.

Methods for Owning Your Own Vacation Home

1. Look for vacation properties for sale by private owner. Many people bought vacation homes they couldn’t really afford with the intent of reselling them quickly for a nice profit. Instead, the bottom fell out of the housing market, homes quit selling and even though they were able to keep the home it’s caused them a financial hardship. These individuals are motivated to sell and quite often you can pick up your dream vacation home for a substantial savings.

2. Look for foreclosures and short sales. Banks and lending institutes are interested in money not real estate. But, over the last few years these lenders have been forced to foreclose on an abnormally high volume of homes, many of which were second homes or vacation homes. The banks need to turn their real estate holdings into cash, and I know of many individuals that were finally able to acquire a vacation home due to the small amount of money the bank was willing to accept.

3. Purchase your vacation home from a tax sale. Banks and lending institutes weren’t they only ones to acquire individuals vacation properties. During the recession many people simply didn’t have the money to pay the property tax on their vacation home. As a result, counties in states all across the country either imposed a tax lien against the delinquent property owners or acquired the deed to the property. Just like the banks, the county government has no use for real estate; they need cash to run the county. Periodically, the county will sell tax lien certificates or tax deeds in order to generate the money they require. Many individuals have been able to purchase their vacation home from a county held tax deed sale. I know of one person that purchased a condo on one of Georgia’s barrier islands at a tax deed sale. They were able to acquire of vacation condo in a beach resort for 60% below the original market value; this is a vacation home they would have been unable to afford otherwise.

The great recession we experienced a few years ago created both hardships and opportunities. A decade ago many believed the idea of owning their own vacation home was only a dream, however, with the events that have taken place over the past few years for many that dream has become a reality.

 

Vacations Are Required For Good Health

VacationsTaking a vacation provides time for much needed relaxation and rest; it allows you to briefly set aside your daily responsibilities at home and in the office. It’s your time to travel and seek out new adventures. Vacations also create unforgettable memories that you can enjoy for a lifetime. A vacation is necessary to recharge your body, mind and soul. Whether you spend your vacation playing sports, socializing or reading quietly, research indicates that the more leisure time there is, the healthier you become and the better you feel.

 

Vacations Provide Health Benefits

Here’s a few ways you’ll benefit by taking a vacation:

  • Helps to improve your physical health
  • Aids in reducing stress
  • Helps to improve your mental skills
  • Strengthens family bonds

Experts agree that people who take their health seriously need to take their vacation time seriously. Research shows that men who take a vacation each year reduce their overall risk of dying by approximately 20 %, and the risk of dying from heart disease by up to 30 %. When your mind becomes overloaded it can produce undesirable effects on your body to help keep healthy, allot some time each day to allow your mind to do absolutely nothing.

Going on vacation can often be a source of stress itself, often people plan a vacation where every day is filled with many fast paced activities. In this situation, the vacation can be as stressful as the job you’re getting away from. Have you ever heard someone say they need a vacation to recoup from their vacation? I know it’s happened to me, I’ve felt less exhausted before I went on vacation.

It’s important to realize that a certain amount of time is required just being idle to enjoy a happy and contented life and relaxation is the best method for managing stress. Take a vacation to allow your mind and body to unwind and adjust to a slower pace. Whether you choose to sit on the beach and read a book or lay by the pool and enjoy a nap, it’s important to rest and allow your mind and body to unwind. To obtain the greatest health benefits from a vacation, it is important to do the least amount possible, and set time aside to rest both your mind and body. After all, the purpose for a vacation is to return feeling rejuvenated.

In addition to the health benefits you’ll receive, a vacation will provide you the chance to visit new places and discover new adventures. Some individuals may choose to travel abroad and explore a wonderful new country, while others may enjoy their vacations exploring the mountains. Often people take time off work and stay around home visiting friends and family or volunteering in their community. There are a many ways a vacation and time away from the office can be spent. What’s important is to select whatever works well for you and is best for your health. Remember, the goal is to relax, rest and recharge and forget about the stress of your daily life.