Plan for Great Escapes

Dreaming of a second honeymooon or vacation house by the sea? Check out these expert financial planning tips plus real-life advice from coastal dreamers like you.

Smart Tips for Renting Your Beach House

Owners are realizing that, in a soft economy, their vacation homes can be a welcome source of extra income. Here’s what you need to know to become a successful landlord.

Hotel de Coronado
Courtesy of Hotel del Coronado

Think Like a Tenant

Consider who will be drawn to your home and what they will expect. Bill Williams, a broker with Sotheby’s International Realty in East Hampton, New York, had a client with a lovely four-bedroom home in Amagansett, but it lacked a grassy yard. “Most people renting that size house have kids, and they want a place for them to play,” he explains. The owner recently planted a lush green lawn (cost: $5,000). It was a wise investment. “Last year she asked $35,000 for the summer season,” Bill says. “This year she is asking $55,000—and she will get it.”

Stay here!

More Ways To Get Coastal Living

Advertisement

 

JavaScript must be enabled to use this Calendar module.

MOST POPULAR
1
100 Comfy Cottage Rooms 

Develop your coastal cottage’s style by following these simple tricks.

Lacy curtains, fresh florals, and plenty of monogrammed pillows are just a few of the feminine touches that give this room its calming and sweet mood. Pieces scored at thrift stores and flea markets were refreshed with paint, then artfully applied to achieve the shabby-chic distressed look.