Why buy a mountain home? In one word… profitability. The housing market continues to gain momentum as we head into 2016. Owning a second, or vacation, home in the mountains is ideal for not only the avid skiers and ice fishermen, but also for those seeking extra income or those planning for retirement.
Advantages for purchasing a home or log cabin in the mountains range from vacation convenience to planning for retirement. However, the most common theme seems to be the financial advantage. Vacation properties are more likely to retain their value and appreciate because of their geographic location. Add in rental income received when not in use and tax deductions and your financial gain could soar.
Before jumping into a big purchase, there are things to consider first.
The bottom line is that both vacationing and living in the mountains can be idyllic. Fresh air, endless hiking and skiing opportunities make the mountains a fun and healthy option. If used correctly, you can also gain financially. However, just like coastal living, living in the mountains is not for everyone. Do your own research on the positives and potential negatives before making your move.
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