Important news before you travel:
If you live in the United States you should be aware of certain Travel Advisories which are given to citizens who choose to travel abroad. These advisories can affect you and may even change your travel plans. So before you go to the airport you should always check to see if your destination country is on the List of the United States Government Travel Advisories.
For more information: Check out the link below which will send you to the US Governments official website.
THE WILDERNESS OF ALASKA
Alaska is more than just the largest state in America it is one of the largest natural untouched places in the world. There is so much to do and see in Alaska whether you prefer to hike on an ice age glacier...read more
ALASKA'S BEST VACATION RESORT
Alyeska Resort is one of Alaska's most popular and most beautiful ski resorts. Alyeska has a top elevation slightly above 2,700 feet, a vertical drop of 2,500 and the area gets an average annual snowfall of 631 inches...read more
MOUNT RAINIER VOLCANO
An active volcano, Mount Rainier is the most glaciated peak in the contiguous U.S.A., spawning six major rivers. Subalpine wildflower meadows ring the icy volcano while ancient forest cloaks Mount Rainier’s lower slopes...read more
YOSEMITE NATIONAL PARK
Yosemite National Park is located in California’s Sierra Nevada mountains. It is best known for its waterfalls, but within its nearly 1,200 square miles, you can find deep valleys, grand meadows, ancient giant sequoias, a vast wilderness area, and much more. More than 5 million people visit Yosemite each year....read more
NEW YORK'S JFK AIRPORT
JFK international airport is located 15 miles by highway from midtown Manhattan. JFK’s terminals, parking lots and hotels operate 24 hours a day, 365 days a year and cover more than 880 acres.
If you choose to enter the terminal with the passenger, please be aware that only ticketed passengers will be allowed past the security checkpoint. However, you may enjoy any of the areas before security. As an alternative, you may drop off your passengers at the Kiss and Fly located at the Lefferts Boulevard AirTrain Station where they can ride AirTrain free of charge to their terminal in just 10 minutes.
Electric Vehicle Charging
Air travelers who own electric vehicles can charge them at Kennedy International....read more
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VACATION HOME BUYING THE RIGHT WAY
Before you buy a vacation property you should rent the home or a similar home close by. If you plan on using the home year round then you should rent for each season and see what it's like. A home during the summer is very different than a home during the winter and you need to experience both.
They say that the key to vacation homes is location, location, location. Sure, this is a cliché, but that doesn’t make it wrong. Before making an offer on a home, get to really know the area by visiting several times to explore the neighborhoods and check out the amenities.
Vacation-home buyers often make down payments of 20% to 50%. Some even pay cash if they're buying a less expensive cabin or condo. Where do they get the money? A home-equity credit line drawn on their primary residence is a favorite source. Mortgage interest on a second home is deductible on as much as $1 million in principal for both homes combined.
Higher interest rates used to be the rule for mortgages on second homes because lenders considered them a greater risk than loans on primary residences. But these days you should be able to find a second-home mortgage at first-home rates.
If you are planning to buy the home for your own use and not as an investment, you have a completely different set of considerations than if you were just to buy it and never use it.
If you are planning to use the property extensively, you probably want the vacation home to be within 2 hours of your home. We've written in the past on how most happy second homeowners are those that can get to and from their vacation homes in two hours' time. Then the issue is whether you can afford the vacation home while assessing all of the costs involved in owning, maintaining and keeping that home.
If you plan to buy it for investment purposes, you still have quite a number of considerations to keep in mind. If you use the home more than 14 days per year or it's not rented that much, the home will be considered a second home and not an investment rental.
You should consider the federal income tax consequences in your decision to own a vacation rental as well. An investment vacation rental property may affect your federal income taxes. Owning a vacation rental home that is rented all the time will give you income to report to the IRS, but you'll also have deductions from the expenses of owning the home, including real estate taxes, homeowner dues and management fees.
A home in a badly chosen location won't serve anyone's goals -- an investor can't resell or rent it, a vacationer won't enjoy it, and a future retiree may have to pick up and move again. You'll need to rely on both market research and your own personal preferences. Look into factors like the strength of the local economy, trends in house resale values, convenience and amenities, property tax rates, the quality of local schools and medical care, and more.
The best vacation properties offer something special -- a view of the ocean, a mountain vista, a dock on a lake. For maximum appeal to potential renters or future buyers, look for a place within three hours' drive of a major metropolitan area.
The type of home you buy is similarly important. The costs and demands of owning a single-family home are different from those of owning a condominium, townhouse, or co-op. Which type serves you best will depend on factors such as cost, location, and upkeep.
For example, condos, townhouses, and co-ops typically require less maintenance, since the areas of the property outside your unit are governed and maintained by a community association (of which you'll be a member). However, you'll pay for that maintenance in the form of monthly fees and special assessments.