MyNorth Real Estate | 2019 MNRE 5

Ways to

Make Your

Getaway

a Reality

There are a few different schools of thought when it comes to buying a dream vaca-

tion place, says Ann Porter of Coldwell Banker Schmidt Realtors in Traverse City.

“With families claiming they are busier than ever with the obligations of everyday

life, vacation homebuyers are looking for ways they can maximize their investment

to get the most joy and use out of the property they choose.” Some options from

Porter to consider...

1.  BUY A PLACE YOU CAN RENT OUT WHEN YOU ARE NOT THERE, SO IT PAYS FOR ITSELF.
With continuously changing short-term rental ordinances, be sure to check town-
ship rules, but Airbnb, VRBO and local management firms make it really easy to
recoup much of the costs of owning a second home or condo. Just keep a locked
“owner’s closet” for your personal belongings and let someone else enjoy the beauty
of Northern Michigan, too!
2.  BUY A PLACE THAT WILL BE YOUR RETIREMENT HOME.
Northern Michigan has been named by numerous magazines, programs and top ten
lists as a great place to retire. Why not get to know where you are going to retire,
but before you take the plunge? Do you dream of waking up looking at the bay
after you say goodbye to your day job? Purchase that lakefront now, use it when
you can, and update it when it’s time to retire.
3.  BUY A PLACE WITH SOME OF YOUR FAVORITE FRIENDS OR FAMILY.
Most people say they do not spend nearly enough time with the people they care
about. Consider investing in a vacation home with those you are closest to so you
share those relaxing moments together. Work out a schedule so you have time to
yourself as well as with your loved ones in your very own spot.

Ann Porter is in the top 5% of Coldwell Banker Agents Worldwide. She has made Northern Michigan her

home since 1999.

PRO TIP

If you are from another part of

Michigan or from out of state and

purchasing a second home, I highly

recommend hiring a property manager

to oversee the property during your

absence. A property manager can also

assist with a rental program should

you choose to rent your property when

not using it. (Bonus: Renting helps to

offset taxes and carrying costs.)

—Kimberly Bork, Realtor/Partner,

Venture Properties, Leland

VenturePropertiesMI.com

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PHOTO BY DAVE WEIDNER