For those that are visiting Bozeman, Montana, for the first time you may be surprised by the atmosphere of the city. One person who came to the town to look for work was told that it was a fancy
Should I Buy A Vacation Home
A: The second home market has more ebbs and flows than the primary home market. Sales are iffy in a bad economy except, perhaps, on the high-end. That said, there is a growing trend toward the purchase of vacation homes. They are being bought for investment purposes, enjoyment, as well as retirement. In the latter instance, some people are buying with the idea of turning a vacation home into a permanent retirement haven down the road, a move that puts them ahead of the game now.
Some of the tax benefits mirror those for a primary residence. Mortgage interest and property taxes are deductible, which helps to offset the cost of the home payment. And if you treat your second home as a rental property, you can fully depreciate it as well. But you are only allowed to occupy it for two weeks a year, or 10 percent of the total rented time, whichever is less.
Before taking the leap, ask yourself if you can afford to carry two mortgages, maintain two households, and pay the extra utilities and maintenance costs. Also, learn about financing requirements and options, which can differ slightly from those on a primary residence.
"As a seasoned REALTOR, I have been practicing real estate since 2005. My real estate experience was earned by real-life practicing, helping buyers and sellers with the acquisition and disposition of ....
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A new private high school opened last August in Bozeman. Interesting note high school kids most popular essay topic is to design a school. The private high school had been in the works for over two