What to Know Before Buying a Vacation Home on Marco Island

Before you buy a home in your favorite vacation spot – Marco Island, of course – there are a couple of things you need to think about to ensure you’re making the best possible decision.

The first thing to ask yourself is whether you plan to rent out your home while you’re not using it; that can have a big impact on your decision, particularly because many condo and homeowner’s associations have specific rules governing rentals.

Many people choose to buy vacation homes without renting them out, which is a great idea if you want an “anytime escape” (especially if you’re dodging wintry weather up North!).

If you’re thinking about buying a vacation home on Marco Island, ask yourself:

Does it fit into your financial plans? Just like your primary home, you can’t count on selling it (or making a profit, for that matter).
What are the total costs, including utilities, HOA or condo fees, and property taxes? What about insurance, furnishing the home and the recreational gear you’ll need to keep there?
Would you make a profit on rental income, or would you break even? Would you make less than what you’d need to cover the mortgage?
Who can keep track of the home when you’re not in it? How will you protect it when it’s vacant?

Buying a vacation home on Marco Island can be a fantastic idea, especially if you intend to transition to it as a full-time residence after retirement or you plan on using it frequently.

Are You Buying a Vacation Home on Marco Island?

If you’re buying a vacation home on Marco Island, you’ll be glad to know that we have a number of great listings available. Check out:

When you’re ready to explore your options for vacation homes on Marco Island, we’ll be happy to find the space of your dreams.

Call us at 239.821.7926 or get in touch with us online. We’ll start searching right away.