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How Much Does it Cost to Own a Vacation Home?

September 13, 2018 BY Mark Haser

Real estate has been a major topic in almost all of our recent financial planning engagements. We have tackled a variety of scenarios, including whether to rent vs. buy, the pros and cons associated with real estate investing, and trading up for a larger home.

Today we are publishing content about the costs of owning a vacation home. In this research, we focused on uncovering the hidden costs of operating a second home so that clients can plan with a more accurate annual budget. The bottom line is this: vacation home’s are almost always a significant ongoing hit to your cash flow, unless you take specific measures upfront to minimize these annual expenditures. Take a look at our report for the details and a key rule-of-thumb we use to help estimate these costs.

If you own a vacation home, we’d love to know if you think our analysis holds true for your own situation so please feel free to reach out.


Mark Haser, M.B.A., is a financial planner at Artemis Advisors. His areas of interest include retirement and education planning, risk management, and cash flow management.

Artemis Financial Advisors