Definition of «vacation property»

A vacation property is a type of real estate that is specifically designed and intended for use as a temporary residence or getaway during holidays, weekends or other breaks from normal life. This can include properties such as cabins, cottages, villas, chalets, condos or apartments in popular vacation destinations. These properties are often furnished with amenities like kitchens, living areas and bedrooms to provide a comfortable and convenient place for people to relax, unwind and enjoy their time away from home. The term "vacation property" can also refer to any real estate investment that is purchased primarily as an income-generating asset, such as a timeshare or fractional ownership interest in a vacation property located in a popular destination.

Phrases with «vacation property»

Sentences with «vacation property»

  • Do a search for vacation properties in your area to find the owners. (cleaningforprofit.com)
  • The cost of vacation property rental insurance depends on a number of factors. (nationwide.com)
  • I have a realtor in the area, but am in need of advice from the locals and any contacts for vacation property rental management companies in that area. (biggerpockets.com)
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