I'm looking into buying a second home or a place where both of us can go and relax for the weekend, week or even a month. It needs to be at walking distance from the beach. But, I don't believe in Time Shares (bad experience for some friends). While doing my research, I guess there is a difference between a second home and a vacation rental?
2007-03-27 04:44:42 · 2 answers · asked by Mik 1 in Business & Finance ➔ Renting & Real Estate
The vacation rental that I see in the papers and different location like in the states and the Caribbean has values that range from 100k to plus. I don’t think they are talking about a place to rent just for a few days with prices like that.
2007-03-27 17:21:50 · update #1
A second home is a place that you have purchased. You own it. A vacation rental is a place that you have rented for an alloted amount of time. It isn't a time share because you have bought a specific couple of weeks in a year that you have from year to year. You are only renting it for a one time vacation.
2007-03-27 04:53:04 · answer #1 · answered by Sharon M 6 · 0⤊ 0⤋
Last Christmas we went to the Smokey mts and stayed in a vacation rental cabin. It's owned by an individual and rented through an agency. When the owner isn't staying there, it's rented to people like us. It's completely furnished from cookware. dishes, linens, etc.
2007-03-27 04:53:43 · answer #2 · answered by DOT 5 · 0⤊ 0⤋