Most of us work hard for much of our lives, building a career and a home life along the way. From raising children to taking care of our parents as they age, we can spend a lot of time doing for others. At some point, you need to remind yourself that it’s okay to do things for yourself — and one of your dreams that you’ve been harboring may be investing in a vacation home.

Mandal Preferred is a real estate brokerage located in beautiful Biloxi, Mississippi. Biloxi is located on the Gulf of Mexico, and there truly is not a more gorgeous location to consider buying a second home. Biloxi has a great small town vibe while offering all of the amenities that you are looking for, such as great restaurants, attractions, and casinos. Below, we’ll take a look at some of the benefits of buying a vacation home. Contact one of our real estate agents to get started today!

BENEFITS OF BUYING A VACATION HOME

Have an Easy Getaway

Many of us are workaholics, and, to be honest, life is just too short to be that way all the time. Yet, planning a vacation can be a chore. However, when you have a vacation home ready and waiting for you, getting away from your work becomes infinitely easier. You can decide on a whim that you need a vacation and can be on your way. Everything will be just how you like it; it will be familiar; and it will be easy (most of us need more “easy” in our lives). Owning a beach cottage or a high-rise condo can be just the thing you need to escape. Call the real estate agents at Mandal Preferred to learn more today!

Have Rental Income When You’re Away

Numerous people think that buying a second home is too expensive. After all, you will now have two mortgages to pay. That being said, one of the great things about owning a vacation home is that you can rent it when you are not using it, especially if you purchase a beachfront property in a great location, such as Biloxi. Here, you can rent your second home out on a short-term basis and have it be a great source of income, as well as help to pay the mortgage. Plus, you’ll build equity in this home as well, so if you need the money, you can access it with a home equity loan. Contact our real estate agents for your perfect seaside cottage today!

Get Tax Breaks

As a homeowner, you know that you are able to deduct the interest from your mortgage on your taxes. For those who choose to invest in vacation and second homes, there may be tax breaks as well. While every situation is different so we cannot say definitively because we are not tax professionals, you are often able to deduct the mortgage interest and the property taxes on your second home as well. In addition, if you do decide to use your second home as a source of rental income, you may be able to deduce the expenses of renting out this home, too. Again, consult your tax advisor for details.

Use for Family Gatherings

There’s something special about having a home away from home that your extended family can gather around. You can create special traditions, like always having Easter or July 4th at this new vacation home. It can serve as a great place to let the extended family use for their own vacation purposes. Furthermore, you can then pass this home down throughout the generations as more family members form great memories there. And let’s face it, having a place to escape just to escape is special and can be much needed, too. Let the real estate agents at Mandal Preferred help you find the perfect beachfront home. Call today.

Use As a Retirement Home

Most people buy a vacation home in a location they like to visit frequently. This can frequently be a location that could double as a retirement home. One of the big benefits of purchasing a vacation home with the idea of retiring there some day is that you can begin paying on it now, so by the time you decide to make your vacation home your permanent abode, you will owe less on your mortgage. If you decide to sell your other main home, you can use its proceeds to possibly pay off your retirement home. As you know, a mortgage can be a huge expense, so this can be a great boon to your retirement income. The real estate agents at Mandal Preferred specialize in helping people finding retirement homes. Reach out to learn more today.

CHOOSE MANDAL PREFERRED AS YOUR REAL ESTATE BROKERAGE TODAY

With over 30 years of experience buying and selling vacation homes in the Biloxi, Mississippi area, our real estate agents are passionate about helping you find what will make your heart sing. We are a small, boutique real estate agency, preferring to remain small so that we can better attend to our clients’ needs. We’re always available to take your call. We want to ensure that we help you find the holiday home for sale or the beachfront property you’ve always wanted. We are dedicated to helping you navigate the home buying and selling process here in Biloxi.

If you are interested in our real estate brokerage services, give us a call today!