Buying

Buying a holiday home in the UK, a buy-to-let or a city pied-à-terre comes with one cost most buyers underestimate: stamp duty on Stamp Duty Land Tax (SDLT) is the tax HMRC charges when you buy a residential property in England or Northern Ireland above a minimum threshold. When the property you are buying is not your only home, you trigger the Higher Rates for Additional Dwellings, commonly known as the second home stamp duty surcharge. In plain terms: stamp duty on a second home is the standard SDLT bill plus a 5% surcharge on top of the whole purchase price. The surcharge applies whether the property is a holiday home, a buy-to-let (a British phrase meaning the purchase of a property specifically to let out), a flat for a family member or a second residence in town. It is also payable even if the home you already own is overseas. Scotland and Wales operate their own equivalents (Land and Buildings Transaction Tax in Scotland, Land Transaction Tax in Wales). The rest of this guide focuses on SDLT in England and Northern Ireland, which is what most international and London-based Pacaso buyers will pay. How much is stamp duty depends on three things: the purchase price, whether the property is your main home or an additional property, and whether you are a UK or non-UK resident. The 5% surcharge for additional homes that took effect on 31 October 2024 is unchanged, so the totals below reflect what UK-resident buyers will pay this year. Here is a quick view of how much is stamp duty on second homes at common UK price points: The stamp duty rates UK buyers pay on a second home are banded: each portion of the purchase price falls inside a band, and you pay the rate that applies to that slice. For an additional property, every band is 5 percentage points higher than the standard residential rate. Non-UK residents pay an additional 2% on top of every band, so the highest effective rate of stamp duty on a second home for an overseas buyer is 19% on the portion above £1.5 million. A UK stamp duty calculator does the band-by-band maths for you. To get an accurate figure, plug in the agreed purchase price, tick the box for "additional property" or "second home," and select your residency status. Most reputable tools, including If you prefer to sanity-check the result, the manual approach is straightforward: Run the same calculation for a Pacaso share size (for example, 1/8 of the home value) and you can see at a glance how much smaller the SDLT bill becomes when you only buy the portion of the home you actually plan to use. You will owe the stamp duty UK second home surcharge if, at the end of the day you complete the purchase, you own (or part-own) more than one residential property anywhere in the world worth £40,000 or more. That includes: You can typically reclaim the surcharge if you sell your previous main residence within 36 months of buying the new one, but you have to pay it up front at completion. A handful of exemptions and reliefs can reduce or remove the tax on a second home in the UK: These reliefs are nuanced and the wrong assumption can be expensive. Always confirm with a UK conveyancer or tax adviser before banking on a relief. Stamp duty on a second home is calculated on what you actually buy. With full ownership, that is the entire property. With The example below assumes a £2,000,000 home in the UK and shows the gap between full ownership and a 1/8 Pacaso share: In this scenario, a 1/8 Pacaso share trims the stamp duty bill from £253,750 to roughly £15,000 — a saving of more than £238,000 — while still giving the buyer a deeded interest in a luxury, fully managed home. The exact figure for any specific Pacaso listing is confirmed in writing during the offer process. Pacaso allows buyers to purchase a share (1/8 to 1/2) of a fully managed luxury home through a property-specific LLC, giving them a true real estate asset for a fraction of the cost. New to the model? Our explainer on On top of the lower stamp duty bill, Pacaso UK ownership also includes: Ready to see what your real cost of ownership looks like? Browse our

What is a workcation? A workcation sits squarely between a full vacation and your regular workday. Unlike a traditional vacation, where you completely disconnect, a workcation keeps you on the clock. Unlike a regular workday, your surroundings are anything but ordinary. The concept is simple: you relocate your work setup to a more desirable location for a period of time, typically a week or more, and enjoy the lifestyle benefits of that destination during your evenings and free time. You still answer emails, hit deadlines, and join meetings. You just do it with better scenery. A few things that set a workcation apart from similar concepts: Is the workcation trend here to stay? The workcation trend has moved well beyond a pandemic-era novelty. Remote work became a permanent fixture for a large portion of the workforce, and the flexibility it provides has fundamentally changed how people approach travel. An estimated one in four Americans now works remotely at least part of the time, creating a growing population of professionals who can genuinely choose where they work. Employers allowing workcations have become increasingly common as companies recognize the morale and retention benefits. Rather than risking talent burnout or resignations, many organizations now support temporary remote work from alternate locations, particularly for employees who already work from home. In parallel, a growing number of countries have introduced a What are the benefits of workcations? The benefits of workcations extend beyond simply enjoying a prettier view while working. Research and widespread experience among remote professionals point to several concrete advantages: Which jobs are a good fit for a workcation? Not every role is suited to a workcation. The strongest candidates are people whose work is primarily computer-based and internet-connected. This includes: Professionals in technology, marketing, finance, design, consulting, writing, and other knowledge-worker roles are generally well positioned. The same applies to self-employed individuals, freelancers, and anyone who already works from home regularly. Roles that require frequent in-person interaction with clients or colleagues, hands-on equipment, or physical presence at a specific facility are harder to adapt to a workcation setting. If your job falls in that category, even a short workcation may require creative planning or partial compromise. For hybrid workers, a workcation during a stretch of remote-only weeks is often the easiest option, since no policy change or special approval is required. What are the best workcation destinations? The best workcation destinations share a few core qualities: reliable high-speed internet, a comfortable workspace setup, enough space to separate work and leisure, and compelling things to do once the laptop closes. Here are some of the top options across different vacation styles. Aspen, Colorado Jackson Hole, Wyoming Miami, Florida Sonoma and Napa Valley, California San Diego, California Park City, Utah International workcation destinations For those with the flexibility for an international workcation, a number of cities have risen to the top of global rankings for remote workers. What should you look for in a workcation home? Choosing the right accommodation makes or breaks a workcation. A workcation hotel can work for a few days, but most remote professionals find that purpose-built homes offer a far more productive and comfortable experience for stays of a week or longer. Here's what to prioritize when evaluating any workcation home, whether that's a short-term rental, a workcation Airbnb, or a co-owned second home. Workspace setup A dedicated workspace is the single most important feature to look for. Ideally, this means a separate room with a door, somewhere you can close yourself off from family members or guests and maintain focus during work hours. At minimum, look for a home with a proper desk, an ergonomic chair, and enough desk space to run a full work setup. Workcation Airbnb listings and short-term rentals vary widely in this regard; always check listing photos carefully and ask hosts about their workspace setup before booking. Internet speed and reliability Reliable, fast internet is non-negotiable. Before confirming any workcation accommodation, ask the host or property manager for the actual internet speed (not just "fast WiFi"), and confirm whether the connection is fiber-based or cable. For video-heavy workdays with frequent calls, a minimum of 100 Mbps download and strong upload speeds are the baseline. Some workcation hotel packages and short-term rentals now advertise their speeds upfront, which is a useful signal. Space to separate work and leisure One of the underrated advantages of staying in a full home versus a workcation hotel room is the ability to truly separate your physical work environment from your living and relaxation space. When your desk is in the same room as your bed and couch, the psychological separation between "work time" and "off time" breaks down quickly. A home with at least a dedicated office, guest house, or private den resolves this. Amenities that support recovery The best workcation destinations and homes offer amenities that make after-work time genuinely restorative: a pool, outdoor deck, proximity to hiking or beach access, a quality kitchen for cooking your own meals, and outdoor entertaining space. These features matter more on a workcation than a standard vacation because you're spending more time in and around the home itself. Proximity to essentials Consider the home's distance from a grocery store, coffee shops, and good restaurants. When you're working a full day and don't want to spend your evenings driving long distances, having local amenities within easy reach is a meaningful quality-of-life factor. How do you plan a successful workcation? A workcation without structure can quickly slide into either overworking or underperforming. These steps make the difference between a disjointed experience and a genuinely productive one. 1. Get employer approval in advance Even if you already work remotely, give your manager adequate notice of your travel plans. Be direct about where you'll be, your availability during standard hours, and any time zone considerations. Come prepared with answers to likely objections and reassurance that your core commitments will be met. 2. Set and communicate a clear routine Establish your working hours before you arrive and communicate them to both your team and anyone traveling with you. Resist the temptation to answer messages outside those windows. A clear schedule protects both your work quality and your leisure time. 3. Secure your workspace before you go Confirm the workspace and internet setup at your accommodation before you leave, not after you arrive. A poor desk setup or unreliable internet connection on day one creates unnecessary stress that's difficult to recover from mid-trip. 4. Build in leisure time deliberately Schedule specific after-work activities and local experiences, especially early in the trip when motivation to explore is high. Workcations work best when leisure time feels as planned and purposeful as work time. 5. Separate your physical work and living spaces Keep your work equipment confined to your designated workspace. Don't let your laptop migrate to the couch or the bedroom. Physical separation reinforces the psychological boundary that helps you actually relax when the workday ends. 6. Plan a buffer day at the end Avoid scheduling your return travel or re-entry to the office on the last day of your workcation. A buffer gives you time to decompress and transition back without the whiplash of going from vacation-mode straight back to peak productivity. How does Pacaso co-ownership enable the workcation lifestyle? For professionals who regularly return to the same destination, the workcation math eventually shifts in favor of ownership over renting. Workcation Airbnb rentals, short-term rental platforms, and workcation hotel packages all involve paying premium nightly rates with no equity built and no guarantee that the property will be available when you want it. Pacaso offers a different model. Pacaso allows buyers to purchase a share (1/8 to 1/2) of a For the workcation lifestyle, Pacaso homes have several distinct advantages over the alternatives: Pacaso destinations particularly well-suited to the workcation lifestyle include Aspen, Sonoma, Miami, Park City, San Diego, Jackson Hole, and a growing portfolio of international markets. Explore the full

Dreaming of buying a second home? Despite market shifts, it’s still within reach. Whether you’re seeking a mountain escape, a beach retreat or a cozy getaway, understanding the realities of purchasing a vacation property is key. Buying a second home can feel overwhelming — between higher costs, financing nuances, ongoing upkeep and limited time to enjoy the home. That’s why Let’s start with the seven steps of how to buy a second home: 1. Determining your second home budget involves assessing your current and future finances. Consider income, expenses and additional costs like taxes and maintenance, especially if you will be assuming a second mortgage. A It’s also important to think long-term. Will this home primarily serve as a personal getaway, a future retirement retreat, or a potential investment? Aligning your second home goals with your broader financial plan helps ensure the purchase supports your lifestyle, not strains it. Evaluate financing options and consult a financial advisor for insights into tax implications and investment alignment. This thorough analysis ensures that your second home purchase aligns with your financial goals. Second home expenses In addition to the purchase price, be sure to factor in these expenses when budgeting for a second home: Although second homes come with added expenses, they can also offer tax advantages that help offset costs. As you’re crunching the numbers, remember your second home can also be a source of rental income and tax breaks. Depending on how your second home is classified and used, you may be able to: These are great ways to make owning a second home more feasible. However, 2. Consider your financing options Lenders often see second homes as being at higher risk for loan repayment. For this reason, Here are some things to consider when financing a second home: It’s important to note that Buying a second home doesn’t have to be a solo endeavor. The standard minimum What are the no- and low-down-payment options? VA loans are available to eligible veterans, active-duty service members, surviving spouses, and those receiving VA disability benefits. They offer zero-down financing and are one of the few truly no-money-down paths available. Because VA loans are government-backed, they tend to carry more favorable terms than conventional second home loans. Note that VA loan eligibility for a second home depends on how the property is used and your remaining entitlement. If the seller's existing mortgage is assumable, you may be able to take over their loan terms, including a lower interest rate, without a new down payment. This option is relatively rare but can be a meaningful cost saver in a high-rate environment. If you have equity built up in your primary residence, a home equity loan or For homeowners 62 and older, a reverse mortgage allows you to access existing home equity without monthly mortgage payments. The funds can be directed toward a second home purchase. The loan is repaid when the borrower sells the home, moves out, or passes away. This option comes with high fees and significant complexity; consult a financial advisor before pursuing it. A gift of equity occurs when a family member or close contact sells you a property below market value. If the gift amount equals 20% or more of the property's fair market value, you can avoid a traditional down payment. Tax implications apply, so consult a tax professional before proceeding. A lease-option agreement lets you rent a property with the right to purchase it later. A portion of your rent payments may be credited toward the purchase price, reducing the down payment you need at closing. Negotiate these terms upfront with the help of a real estate attorney. In a seller-financed deal, the seller acts as the lender and you negotiate terms directly, potentially including a reduced or no down payment. Seller financing does not include standard mortgage protections, so the legal safeguards of a traditional loan may not apply. Proceed carefully with legal counsel. Adding a co-borrower who can contribute the down payment is another path. Shared financing reduces the burden on either party, though it also means shared ownership and responsibility. A formal co-ownership agreement is strongly recommended. What are the key considerations before going no-money-down? Reducing or eliminating your down payment does not eliminate costs entirely. Before pursuing a no-down-payment strategy, factor in the following: 3. Compare lenders When comparing second home lenders, it's essential to conduct a thorough evaluation to secure the best financing option tailored to your specific needs. Consider the following factors and use them as a basis for comparison: By comparing these factors among different lenders, you can make an informed decision that aligns with your financial goals and secures the most favorable mortgage terms. 4. Get pre-approved Getting pre-approved for a second home gives you a clear picture of what you can afford and strengthens your position when making an offer. Lenders will review your income, assets and debts to determine an approved loan amount. Consult multiple lenders to compare interest rates and terms. Keep in mind that because lenders may see 5. Find a location and a local agent Once you decide how to use your second home, you can hone in on the best second home locations. Ask yourself: Confirming your reason for owning a second home can help you decide on the perfect destination for your new vacation spot. Choosing the right agent Finding a knowledgeable agent in your target market can significantly decrease your workload in your second home search. You can use their local knowledge to help you with logistics and make an informed decision. Research local agents online, cross-reference reviews and ask for recommendations from your friends and family when possible. 6. Make an offer Buying a second home will be a familiar process if you’re already a homeowner: You make an offer, negotiate, come to an agreement and prepare for closing. Prior to closing, you will: Once your offer is accepted, it’s time to begin the closing process for your new second home. 7. Begin closing After the seller accepts your offer, the second home closing process begins. This process involves several crucial steps: Although closing on your second home may appear overwhelming, a smooth closing is key to turning your house purchase into a dreamy second home getaway.  How do you know if you’re ready for a second home? When considering purchasing a second home, you'll want to evaluate your finances, lifestyle, and market conditions to determine whether it's the right time to purchase — but those factors are just the tip of the iceberg. Here are some of our team's top considerations for those considering a second place of residence. Down payments, interest rates and debt Assess your current financial situation to see if you can comfortably afford a If additional debt strains your financial resources, it may not be quite the Location and lifestyle fit The ideal second home also aligns seamlessly with your lifestyle. Prioritize locations that support your hobbies and desired activities, guaranteeing a frequent and enjoyable retreat. If you like to ski, for example, a Investment or personal escape? When deciding on the main goal for your second home, it's crucial to determine if you're primarily interested in generating rental income, building long-term investment appreciation, or creating a personal retreat. Each of these objectives will significantly affect your approach to buying, managing, financing, and handling taxes for the property. Time investment Owning a second home comes with significant responsibilities. Are you prepared to manage the upkeep of two properties? This includes regular maintenance, potential repairs and the time and financial commitment of traveling between both homes. If not, are you willing and able to hire a property management company or other professionals to handle these tasks?  Remember that delegating these responsibilities will add to the overall cost of owning a second home. Market timing Finally, when looking to take a big step forward in your second home journey, you'll want to look at the home market conditions. Many properties are available in a buyer's market, and buyers have more negotiating power. In a seller's market, high demand and low inventory give sellers the upper hand.  Understanding the current market conditions will help you set realistic expectations, develop an effective negotiation strategy and help you determine if now is the right time to buy.  How do I buy a second home with Pacaso? Now that you know how to buy a second home, it’s time to explore your options. If turnkey luxury and simplicity appeal to you, co-ownership with Pacaso offers a modern alternative to traditional second home ownership. If you’re unfamiliar with Here are 11 steps to follow if you’re wondering how to buy a second home with Pacaso.  1. Find a second home you love From there, you can explore each destination and the homes available within it, picturing what life could look like in every location. Each destination page brings the area to life, showcasing Pacaso homes through rich photography, detailed descriptions, and a true sense of how it feels to live there. Every Pacaso home is hand-selected and 2. Talk to us We’re excited to share all the details about our homes. If you’re not sure which one is best for your needs, we’ll go through each home’s unique attributes and location to help you decide.  You can easily schedule a time to talk with one of our Crew members from any listing details page, or if you have general questions about co-ownership, you’re welcome to get in touch via our 3. Take a tour  Touring is an important step in buying a vacation home. We’ll give you all the information we have about the home, but seeing is believing. While you’re on the call with our Crew member, they can arrange a time for you to tour the home. Buyers can schedule a virtual tour, an in-person tour, or 4. Say yes!       You talked, you toured, you fell in love, and you’ve decided on owning a vacation home! We’ll walk you through the purchase process and paperwork, and our Crew will make sure you understand all the terminology related to co-ownership, such as: We want you to feel confident in the process, so ask as many questions as you’d like. Once you’re ready to proceed, you’ll reserve your share with a 10% deposit. 5. Secure second home financing  If you’re interested in The approval process is straightforward and fast. Once all documents are provided — typically your most recent pay stub, bank statement and tax return — approval takes just a few days. You also have the option to pay all cash or take out a HELOC or personal line of credit through a lender of your choice. 6. Close on your new second home Your journey begins by reserving your share and signing the residential purchase agreement. You’ll submit a deposit equal to 10% of the share price, officially kicking off the closing process.  From there, you’ll receive two sets of documents to review and sign. These include familiar items, such as the inspection report and seller disclosures, as well as Pacaso-specific agreements that outline how the home is managed and owned through our property LLC structure. If you choose to finance a portion of your purchase, our team will work with you to collect the required financial information and keep things moving smoothly. As closing approaches, we’ll schedule a check-in call to review your final closing statement, confirm wire instructions for the remaining funds, and verify that everything is in place, including your first stay date. Once the transaction is complete, congratulations are in order: you’re officially a Pacaso owner. After closing, you’ll transition into onboarding, where you’ll meet your Home Manager, download the Pacaso app, and start booking stays. From there, all that’s left to do is settle in and enjoy your new second home. 7. Get ready for vacation home bliss Congratulations on owning a vacation home with Pacaso! Our commitment to owners doesn’t end at closing. We assign a 8. Book your stays You can begin 9. Experience the ease of fully managed ownership One of the best things about buying a vacation home? It’s all yours! One of the worst things? It’s all your responsibility. The hassles of vacation home ownership can take a lot of joy out of the experience.  Pacaso’s fully managed co-ownership model gives you the benefits of vacation home ownership without all the headaches. We take care of maintenance, repairs and cleaning; manage payments for utilities, insurance and taxes; oversee 10. Flex your ownership muscles Pacaso’s management services are designed to make your ownership experience easier — but that doesn’t mean you don’t have a voice. In fact, you and your property’s co-owners have 100% ownership of the property once all shares are sold, which means your co-ownership group has decision-making authority.   Here’s how this works in practice: Owners can bring major issues about their property to a vote of the co-ownership group, and every share owned holds one vote. A major issue might be a costly property upgrade, like the installation of a hot tub.  To call for a vote, you would get in touch with your home management team. Routine maintenance and necessary repairs (such as replacing a broken dishwasher) are handled by Pacaso and do not require a vote. 11. Feel confident if it’s time to move on We think you’ll love your Pacaso for years to come, but life evolves, and your ownership can evolve with it. If your needs change, you’re free to Why is buying a second home with Pacaso the smart choice? For buyers who want to reduce upfront costs without the complexity of no-down-payment strategies, You can From luxury homes in premier destinations to professional property management, Pacaso provides everything you need to make ownership simpler and more enjoyable. Whether you're just beginning to explore or ready to take the next step,

There are both personal and financial reasons to buy a vacation home. On the personal side, owning a second home gives you a familiar retreat, a place to build memories with family, and a home base for exploring destinations you love. Financially, a vacation home can generate rental income, appreciate in value, and offer meaningful tax advantages. Here's a closer look at the top 10 reasons why buying a vacation home could be the right move. 1. Enjoy your own personal retreat 2. Have flexibility for your vacations With a vacation home, you no longer need to fight for reservations during peak season or scramble to find last-minute 3. Build a lifetime of memories A vacation home transcends bricks and mortar — it becomes a cornerstone for creating cherished memories with the people you love. Host unforgettable holidays and family gatherings at your 4. Relish familiar settings Owning a vacation home means having a true home-away-from-home. Equip your space with luxury amenities, such as a heated pool, home gym, and dedicated workspace, and arrive ready to relax from the moment you walk through the door. 5. Embrace a new community Purchasing a vacation home can open doors to a new community. Strike up conversations with neighbors who share a love for the area, explore local shops and restaurants, and gain a deeper appreciation for the region's culture and hidden gems. 6. Cultivate a sense of adventure A vacation home serves as a springboard for deeper exploration. With a home base in place, you can explore nearby towns, hike or bike scenic trails, and discover hidden beaches. The possibilities grow far beyond the typical tourist itinerary. 7. Create a healthier lifestyle A vacation home can be a catalyst for a healthier way of living. Many vacation destinations offer opportunities for outdoor hobbies like hiking, biking, and swimming. Inside your home, 8. Pass down an asset to your children A vacation home can become a cherished part of your family's legacy, a gathering place for future generations and a valuable asset you can pass down as an inheritance. 9. Choose a location close to activities you love Finding a second home in a place that supports your interests can significantly enhance your lifestyle. Whether it's lakeside fishing, beach kayaking, or a cozy ski cabin, choosing a location tied to your passions means every trip feels intentional. 10. Take advantage of unique financing options When buying a vacation home, you can access The benefits of buying a vacation home can be significant, and for many owners, they far outweigh the challenges. When you own your vacation accommodations, you always have a great place to stay, even on a busy holiday weekend. You can keep all the comforts and necessities on-site so you can get away at a moment's notice. If you don't want your vacation home to sit vacant when you're not using it, you may be able to list it as a Whether you're using your home for personal enjoyment or passive income, your property may increase in value over time. Like a primary residence, a second home can build equity and appreciate in value. Adding real estate to your portfolio is a smart way to diversify and hedge against market volatility. Always consult a financial planner before making such an investment. You can deduct mortgage interest paid on up to $750,000 of principal mortgage debt, including your vacation home. Other Your second home likely won't be close enough for you to stop by frequently, and home repairs and regular maintenance can become a hassle. A potential solution is to If you plan to rent out your vacation property, be prepared for income fluctuations between high and low tourist seasons. Plan appropriate nightly rates and budget for the possibility of low-season vacancies, and factor in marketing and advertising costs to attract consistent bookings. Many towns are passing ordinances that prohibit short-term rentals or require homeowners to pay significant fees to list their homes as rentals. Check local laws before relying on rental income as part of your financial plan. Once you invest in a vacation home, you'll likely want to use it as much as possible, which means spending more time in one Buying a vacation home is an exciting endeavor, but several important factors will shape whether it's the right move for you. Getting clear on your preferences, finances, and the property's unique requirements will give you an accurate picture of the true cost and commitment involved. The total cost of a property doesn't stop at the mortgage. Plan for ongoing expenses including taxes, insurance, utilities, HOA fees, and repairs. A useful rule of thumb: set aside 1% of the home's purchase price annually for maintenance. For mountain or coastal homes, which face higher material costs and climate exposure, consider setting aside 2–3%. Frequency of use is one of the most important factors in determining a vacation home's value to you. For example, if you spend 5 nights a year in a vacation home costing $30,000 annually, you're paying $6,000 per night. At 40 nights per year, that drops to $750. Be honest about your work schedule, proximity to the property, and life commitments before you buy. Renting can bring in meaningful income, but it requires knowing whether there's genuine demand in the area. If you're considering short-term rentals, verify that they're allowed in your city, county, and HOA. Research comparable rental rates, noting whether pricing is strong year-round or only during peak seasons. Zoning laws may place conditions on how you use and rent your home. HOAs may restrict short-term rentals or ban them entirely. Review city ordinances and HOA documents carefully to understand exactly what's allowed before purchasing. Location is one of the most critical things to consider when buying a vacation home. Ask yourself whether the area's amenities, community feel, and long-term desirability align with your goals. Check the history of property values in the area, explore local shops and restaurants, and talk to residents to get a genuine sense of the neighborhood. An up-and-coming area may offer strong appreciation potential, while an established destination may offer stability. Think carefully about the home's age and condition. Older homes have charm and character, but may require more maintenance investment. Consider whether the size fits your actual needs: a home that's too large creates unnecessary upkeep, while one that's too small may not accommodate family gatherings comfortably. Think through the There will come a time when you may want to sell or transition out of the property, so it's wise to consider resale potential before you buy. Is this a desirable destination? Do similar homes nearby have a track record of selling well? Keeping resale in mind from the outset protects your investment and ensures you're not locked into an asset that's difficult to exit. It's typically harder to Deciding between full and co-ownership comes down to how much time you'll actually spend in the home. Full ownership means you're responsible for all finances and maintenance, so it makes the most sense if you plan to use the property frequently.  Co-ownership through a model like Pacaso spreads financial obligations across multiple residents and includes Whether buying a vacation home is worth it depends on how often you'll use it, your financial goals, and your appetite for ownership responsibilities. Renting offers maximum flexibility with no long-term commitment or upfront costs, but you don't build equity, you can't personalize the space, and costs add up over time if you visit the same destination repeatedly. Buying makes the most financial sense when you plan to use the home regularly (at least several weeks per year), have a clear handle on total ownership costs, and are buying in a market with solid appreciation potential. For those who want the benefits of ownership without the full financial and logistical burden, There are tradeoffs, though. Financing a vacation home through an LLC can be more complex, as many lenders require commercial loan terms rather than residential mortgage rates. You'll also face ongoing administrative responsibilities like annual filings, operating agreements, and separate banking. Consult with a real estate attorney and tax professional to determine whether an LLC structure makes sense for your situation. While there are nearly a dozen reasons to buy a vacation home, the initial cost and ongoing maintenance can feel daunting. DISCLAIMER: This content is published solely for informational purposes and isn’t intended to be investment advice. You should consult an appropriate professional for specific advice tailored to your situation.

The primary difference between a vacation club vs. timeshare is the ownership structure. A timeshare typically gives you the right to use a specific property for a set week or season, while a vacation club is a points-based membership that offers access to a network of different resorts. Both models offer a consistent way to travel, but each comes with its own benefits and trade-offs. Read on to compare timeshares and vacation clubs and see how they differ from each other and from a co-ownership model like What is a vacation club? A For example, programs like Marriott Vacation Club or Inspirato allow members to redeem points across a range of destinations and accommodations. How does a vacation club work? Vacation clubs typically operate on a membership model that gives you access to a curated portfolio of properties. Instead of owning real estate, you pay an upfront fee and or ongoing membership dues to unlock booking privileges within the club’s network. From there, how you book depends on the provider. Some vacation clubs use a points system, while others charge nightly rates or offer preferred pricing on stays. This structure gives members flexibility to choose different destinations, travel dates, and home types each year, without the long-term ownership commitment of a traditional timeshare. Many vacation clubs offer an online booking platform that works similarly to a hotel reservation site, allowing you to search for available properties, compare options, and redeem points for specific stays. Here’s a closer look at the details.  How much does a vacation club cost? Vacation club membership costs generally fall into two categories: What is a timeshare? A How does a timeshare work? How a timeshare works depends on the type of contract you sign. Here’s a closer at the options.  How much does a timeshare cost? Like vacation clubs, timeshares require an initial investment followed by ongoing costs.  Timeshare financing models are also known for high interest rates. Some travelers even consider taking out a personal loan to finance their vacation. The difficulty of finding affordable financing options has led predatory companies to take advantage of vacationers seeking a good deal. Timeshare ownership doesn't end with the purchase price. In most cases, owners are contractually responsible for ongoing maintenance fees and related costs, even if they don’t use their allotted time. The third option: Pacaso co-ownership If A second home should be a sanctuary, not a series of resort restrictions. Unlike a vacation club or timeshare, owning a deeded share of a Pacaso allows you to: When you buy a Pacaso second home, you co-own a Find a vacation home option that fits your needs The best model for your family depends on your travel style and budget. But while you're weighing the pros and cons of a vacation club vs. timeshare, consider the long-term value of owning the place where you make memories. With integrated financing for up to 70% of the purchase price, luxury ownership is more attainable than you think.  Try our

On paper, timeshares seem like the perfect middle ground between a cramped hotel and a vacation home. But the reality is that most timeshares are marketed as investments when they are actually depreciating travel expenses. If you’re looking for a return on your money or an easy exit strategy, a timeshare is rarely worth it. However, if you are strictly looking to prepay for resort access and have no interest in equity, it might be worth it. Below, we break down the pros and cons of timeshares and why Pacaso co-ownership is a better What are timeshares? Timeshare agreements can be arranged in two ways: Depending on your arrangement, you may have set dates to use the property each year, such as the first week of February. Or you can have floating time, where each year you choose a different week to vacation there. Some timeshares give owners points that can be used throughout the year to “purchase” time at a property. Timeshare pros and cons  While timeshare resorts provide a designated vacation destination with Here are some pros and cons of owning a timeshare. If you’re looking at the secondary market (reselling a timeshare from an existing owner rather than buying from a developer), the news isn't great. Recent Are timeshares worth it?  Deciding if a timeshare is worth it depends on whether you view it as a lifestyle choice rather than an investment. For some, the appeal is convenience, having a reliable place to return to each year, a set vacation schedule, and access to a network of resorts without the hassle of planning from scratch. A timeshare may be worth it for someone who values consistency, prepaid accommodations, and familiar destinations, and who isn’t concerned with building equity or resale value. However, for most travelers, vacations are still an ongoing expense rather than an asset, and the long-term costs and limited flexibility can outweigh the benefits. Before committing to a timeshare, evaluate these five factors: A better timeshare alternative If you want the consistency of a second home without the resale trap of a timeshare, Choose Pacaso over timeshares  So are timeshares worth it? The answer is rarely, given other alternatives that provide greater flexibility and potential return on investment. Before committing to a timeshare, browse

What is a Pacaso resale? A Pacaso resale occurs when an existing owner sells their ownership interest in a Pacaso home to a new buyer. While this differs from purchasing a new Pacaso share at initial launch, the ownership structure remains the same. All Because of this model, selling a Pacaso share is simpler than selling a traditional home. There’s no need for staging, showings, or home prep, no due diligence period, and no title or escrow process. Ownership is reassigned through the LLC, allowing for faster, more streamlined closings. Resales are a built-in feature of Pacaso’s How does the Pacaso resale process work? What does Pacaso’s role in the resale look like? Pacaso facilitates the resale process by helping source buyers, coordinating marketing efforts, and managing the administrative and legal steps required to complete the transaction. This support significantly reduces the friction typically associated with selling real estate. Owners can list their shares directly through Pacaso's marketplace, where we provide pricing guidance based on current market conditions. Ultimately, each owner sets their own price, similar to a traditional real estate transaction. Pacaso acts as the listing agent within our marketplace, supporting the process and connecting sellers with qualified buyers. Owners also have the option to work with a third-party agent if they prefer. Pacaso is the expert in co-ownership. We know these assets inside and out, from the scheduling and property history to the operating structure, and we process the sale on our own documents. That positions us better than anyone to facilitate the resale of shares in these homes effectively and efficiently for all parties. To ensure transparency, Pacaso maintains separate representation on the listing side and the buy side of every transaction. Our operating agreements make the structure of that relationship clear from the outset, and owners are always free to engage their own independent legal or financial counsel. We encourage them to do so. If any owner has a specific concern about a potential conflict of interest, we would absolutely engage with them on it directly. When multiple shares in the same home are listed, pricing can vary by owner. Buyers have full transparency into all available shares and can choose based on price or preferred calendar availability. As a result, outcomes are driven by a combination of pricing, timing, and buyer demand. How long does a Pacaso resale take? Pacaso homes typically close much faster than traditional home sales.  Factors such as buyer financing and market demand may influence the exact timeline. How has Pacaso resale performed? According to RCLCO’s findings, from 2021 through 2024, shares of Pacaso homes achieved an average Compound Annual Growth Rate (CAGR) of 9.7%—4.7% higher than traditional luxury homes in the same markets. In several luxury destinations, from California to the Carolinas, Pacaso resales have consistently outperformed regional averages. From 2021 through 2024, Pacaso share appreciation exceeded market benchmarks in each destination, with Pacaso resales averaging a 10% overall gain. From inception through the end of 2025, Pacaso has completed over 400 resales. Across those transactions, the average time owned was 2 years, the average time on market was 99 days, and the average resale share price appreciation was 6%. 73% of all over 400 resales appreciated in value. Pacaso shares sell faster and perform better than comparable luxury homes. While the widely cited luxury median of 78 to 89 days on market includes homes starting around $1M+, isolating the $5M to $10M tier where Pacaso homes compete shows 120 to 200+ days as more typical.  What are the fees and costs associated with a Pacaso resale? Compared to traditional real estate, resale-related costs are streamlined. Overall, the Pacaso resale process eliminates many of the unpredictable expenses associated with selling a traditional home. What are tax considerations for Pacaso resales? Selling a Pacaso share may result in capital gains, depending on your individual situation. Because Pacaso resales involve the transfer of an LLC membership interest rather than a traditional deeded sale, tax treatment may differ from a standard home sale. This information is provided for general guidance only. Owners should consult a qualified tax professional to understand how a Pacaso resale may impact their personal tax situation. What are other options for Pacaso owners? If your needs change, selling your entire share isn’t your only option. Owners who find they’re using less time than anticipated can right-size their ownership by selling a portion of their interest. A selldown follows the same process as a resale, allowing you to retain partial ownership while freeing up capital and flexibility. Is Pacaso a good investment? On average, Pacaso homes have appreciated in value, often outperforming traditional luxury homes in their markets. With a built-in resale marketplace and streamlined ownership transfer through the LLC, selling a Pacaso share is faster and simpler than a traditional second home, providing liquidity and flexibility. Beyond potential financial gains, owners enjoy a Pacaso markets its properties as luxury second homes, not as investment vehicles, and we are deliberate about that distinction. Our materials focus on the lifestyle value of co-ownership, access to a high-quality property at a fraction of the cost of sole ownership, rather than projecting financial returns. Real estate values fluctuate, and we don't represent otherwise. We encourage buyers to conduct their own due diligence and consult independent advisors when evaluating their purchase. A flexible, transparent way to sell Pacaso gives owners an exceptional level of flexibility, control, and peace of mind when it comes time to sell. With a built-in marketplace, professional marketing support, and a simplified transaction process, reselling Pacaso shares is designed to be as effortless as ownership itself.

The internet is full of sites offering options for the perfect vacation rental, whether you’re looking for an upscale hotel, an immersive cultural experience or a unique campsite. While Plum Guide offers a great look at luxury vacation options, it’s not the best fit for other types of stays. Luckily, there are plenty of Plum Guide alternatives available.  With rentals ranging from budget-friendly hotels in remote destinations to luxury options in the midst of great cities, our list of Plum Guide alternatives can help you find the perfect setting to launch your next adventure: Is Plum Guide legit? What is Plum Guide, and is it legit? In short, yes, Plum Guide is legit. It’s a high-end vacation rental platform that focuses on curated luxury homes in popular destinations around the world. Only a small percentage of homes are accepted onto the site, based on a detailed verification and vetting process.  Plum Guide is a legit company with verified listings, customer support and plenty of positive reviews on third-party review sites. That said, it’s not the best option for everyone. Due to their selectiveness, they don’t offer Plum Guide rental listings in every location. Plus, their focus on luxury homes brings a higher price point that may edge out budget travelers. Plum Guide reviews   Plum Guide reviews are generally positive, with Reviewers note that the booking process is simple, and they appreciate the support and communication throughout their stay. However, reviewers also note that the selection of units is limited (which isn’t surprising given the rigorous, competitive acceptance process). They don’t find Plum Guide cheap, which reflects the luxury focus. If you’re a budget traveler or looking for something a little more “home sweet home” than “luxury experience,” there’s something for everyone in our list of Plum Guide alternatives. 1. Airbnb Amenities can vary and stays may be paired with excursions via the app’s Airbnb experiences feature. Because amenities can vary and Airbnb doesn’t require stringent vetting or verification, there’s a risk of ending up in a rental that doesn’t quite live up to your expectations, so be sure to read reviews carefully before booking. 2. Glamping Hub While Glamping Hub is great for those who embrace the great outdoors, it isn’t quite the same as a hotel stay. You won’t always find amenities like Wi-Fi, and you may be limited to more remote areas, making city visits trickier. 3. Booking.com Another site that doesn’t require extensive vetting, 4. Tripping.com Similar to Plum Guide, Travelers can also benefit by visiting the Tripping blog where they’ll find location guides and travel advice on how to make the most out of their vacation. 5. Vrbo While you may enjoy having an entire unit to yourself, that can sometimes ratchet up the costs compared to a single hotel room. Plus, you’re beholden to the unique rules and policies set by each host, rather than a standard set of requirements. 6. Homestay The vacation site is different from other platforms because it focuses on creating meaningful connections between travelers and hosts, rather than just providing a place to sleep. This is great for those looking to make new friends and live like the locals, but may not be a fit if you simply want to get away on your own. 7. Sonder Due to Sonder’s focus on urban cityscapes, you’ll be hard-pressed to find options outside of urban areas, so this isn’t a fit if you’re hoping for an outdoorsy adventure or a trip to the countryside.  8. Vacasa With listings across 30 countries and regions, Vacasa has a variety of vacation experiences, from beachfront condos to mountain cabins and more. However, it’s not available everywhere in the world yet, and prices can fluctuate during busy seasons. 9. Tripadvisor The platform has millions of reviews and opinions from real travelers who have visited hotels, restaurants and attractions, allowing users to compare prices and book accommodations, flights, car rentals and tours from a variety of providers. If you need a one-stop shop for your entire itinerary, Tripadvisor can be a great choice. Note, though, that it’s a third-party platform so prices may be higher than going directly to the source.  10. OYO Rooms It caters to a wide array of travelers, such as couples, families, solo adventurers and young professionals, by offering various types of rooms, prices and amenities. While OYO strives to offer a generally standardized experience across its locations, it doesn’t always hit the mark, sometimes providing an inconsistent level of quality. 11. Outdoorsy 12. Onefinestay Similar to the Plum Guide, 13. HomeToGo Listings cover over 200 countries and regions, offering a wide range of destinations and accommodation types. It also provides useful information and tips for travelers, such as destination guides, travel trends and inspiration. Like other third-party platforms, prices and policies offered may differ. 14. Wimdu 15. 9flats On 16. Agoda While Agoda offers listings around the world, it does heavily skew toward Asian countries, making it a great choice for those hoping to explore Asia but perhaps less attractive to those considering other destinations. 17. Kid & Coe 18. Hipcamp 19. Pacaso Pacaso provides travelers who frequent a single destination with the opportunity to own a second home in their favorite place. The co-ownership model reduces the cost and hassle of owning a luxury second home in

If you're considering flexible travel to different resort communities, However, Pacaso The comparison to What is Pacaso? The Pacaso second home ownership model is a revolutionary way to buy, own and Pacaso owners enjoy all the benefits of second home ownership without the hassle of maintenance, scheduling or resale. All of our homes are professionally designed, fully furnished and impeccably maintained, offering a consistent and luxurious experience every time.  Qualifying buyers can also take advantage of competitive What is a timeshare? A Timeshares are often sold through high-pressure sales meetings and have drawbacks, such as difficulty in reselling and exposure to scams.Timeshare owners also have little to no control over the underlying asset — they cannot replace management, and costs are not as transparent. Pacaso vs. timeshare: 5 key differences If you are looking for a way to own a luxury vacation home in a desirable location, you might be wondering about the differences between a Both options allow you to share the cost and use of a vacation property with others, but there are some key distinctions that make Pacaso a better alternative for many buyers. Here are five reasons to consider LLC co-ownership of a second home. 1. Each Pacaso listing is a one-of-a-kind second home Not just any home can be a Pacaso home. We seek out the best homes in the best locations — each one is different, and all have plenty of wow factor. Then our professional interior designers A Pacaso home is a luxurious home away from home. A timeshare is almost always a unit at a hotel or condo complex. Think cookie-cutter floor plans and typical hotel-style furniture. 2. A small group of co-owners enjoy the home Because we limit the number of shares per home to eight, you and (at most) seven other owners will have access to the home. (Only one owner will occupy the home at a time, of course.)  Plus, Pacaso homes are reserved for the exclusive use of owners and their guests — rentals aren’t permitted. We vet potential owners who agree to a common sense code of conduct to ensure they will treat the home as their own — because it is! Plus, you won’t feel like you’re “sharing” your home. We conduct a thorough inspection and cleaning after each stay so your home is pristine when you arrive.   A 3. You own real estate, not time With Pacaso, you own a real estate asset, not simply a block of time. Each owner holds their interest in an LLC that holds title to the home. That's real ownership, with the governance rights, transferability, and equity exposure that come with it. And because it's a real estate asset, its value will move with the market. With timeshares, you typically own the right to use the property for a period of time, not the property itself. There are no points systems, no resort affiliations, and no sprawling fee structures unconnected to the actual costs of running that specific home. Financing is offered through the timeshare company, often at a high interest rate, and some buyers secure funds through a personal loan or home equity loan. Since even the best timeshare property does not function like a real estate asset, you are likely to see the value depreciate, much like a new car begins to lose value once it’s driven off the lot. 4. You can use your home year-round Pacaso’s When you purchase a timeshare, you’re often locked into a fixed week or block of time, year after year. You may have a “floating week” option, but your choices may still be restricted to certain unit configurations or seasons. With either option, you can only check in on certain days, and you typically must book a full week.  There are exchanges and point-based systems that allow you to choose different resorts, but you’ll often pay extra for more desirable locations, and availability can be limited. If you have a fixed-week schedule, you may never get a particular holiday week if another owner already locked it in. 5. The resale process is streamlined You set the price you want for your Owners can list their shares directly through Pacaso's marketplace, where we provide pricing guidance based on current market conditions. Ultimately, each owner sets their own price, similar to a traditional real estate transaction. Pacaso acts as the listing agent, supporting the process and connecting sellers with qualified buyers. Owners also have the option to work with a third-party real estate agent if they prefer. Pacaso is the expert in co-ownership. We know these assets inside and out, from the scheduling and property history to the operating structure, and we process the sale on our own documents. That positions us better than anyone to facilitate the resale of shares in these homes effectively and efficiently for all parties. To ensure transparency, Pacaso maintains separate representation on the listing side and the buy side of every transaction. Our operating agreements make the structure of that relationship clear from the outset, and owners are always free to engage their own independent legal or financial counsel. We encourage them to do so. If any owner has a specific concern about a potential conflict of interest, we would absolutely engage with them on it directly. When multiple shares in the same home are listed, pricing can vary by owner. Buyers have full transparency into all available shares and can choose based on price or preferred calendar availability. As a result, outcomes are driven by a combination of pricing, timing, and buyer demand. Because our homes are thoughtfully selected and located in some of the most desirable second home markets, we've experienced strong buyer demand. By contrast, selling a timeshare can be extremely difficult, with an entire industry of timeshare exit companies charging fees to help owners exit. Pick the right choice for you Keeping your second home goals in mind while comparing Pacaso vs. timeshare opportunities can help you find exactly what you’re looking for. If you’re specifically looking for a luxury getaway and a place to make memories together with your family, browse through our

Ever found yourself drawn to a house but unable to pinpoint why? Residential architecture boasts a wide array of styles, each with distinct, often subtle, differences. For many, identifying different types of houses, like distinguishing a Colonial style house from a Craftsman style house, can feel like breaking a code. However, understanding this architectural language isn't merely academic; it's essential for envisioning your ideal living space, whether it's your first or your second home. This isn't just a list. It's an exploration into the fundamental characteristics that define each house style. We're moving beyond superficial appearances to reveal the core features that shape their unique identities. This insight will help you understand how historical influences mold design and enable you to match an architectural style to your lifestyle. What are the different types of house structures? Before we get to the different types of houses, it can be helpful to know the common types of home structures. Knowing whether you want a single-family home or a condo can narrow down your search and make it easier to find something that suits your budget and lifestyle. Single-family detached home A single-family home is a structure that is not physically attached to other houses. These homes offer the highest degree of privacy and customization by the owner. They are most popular in areas with lower population densities.  These house types are best for families wanting space and a yard, but not ideal for those preferring an urban, low-maintenance lifestyle. Mansion A Mansions are ideal for those wanting ultimate richness and privacy, but they're not suitable for people who prefer low maintenance or city living. Apartment An apartment is a residential unit contained within a larger building or complex. An apartment is only available for renting and requires a contractual agreement with the landlord. Some apartment buildings provide amenities such as pools and fitness rooms.  Apartments are best for individuals or small families seeking flexibility and affordability, but aren't ideal for those desiring privacy, a yard or extensive customization. Row house A row house is a single-family home connected to others by shared side walls, usually with multiple stories. Compared to apartments, row houses offer more space and often a small private outdoor area, but they offer less privacy than detached homes.  Row houses are ideal for those wanting a blend of city living and a bit more room, but not for people seeking large private land, complete detachment from neighbors or a fully maintenance-free life. Condominium A condominium, or condo for short, is an apartment-like unit that is owned by an individual. The owner can make renovations and Condominiums are great for those wanting homeownership with less maintenance and a convenient location. However, they're not ideal if you need lots of privacy, a big yard or freedom from HOA rules and fees. Co-op A housing cooperative, more commonly known as a co-op, has many similarities to a condominium but with more restrictions. Instead of purchasing a specific unit within the building, the buyer is purchasing shares in the company that owns the building. The number of shares the person owns translates to the size of their unit.  This type of house is best for people who want a strong community and affordable access to good city areas. However, it's not for those who need total control over their property or fewer rules about how they live. Townhome A townhome is a private unit that is attached to at least one other private unit. It usually has exterior access and multiple stories for added space. Townhomes sometimes provide access to shared building amenities. These are increasingly diverse in style, often incorporating elements of modern farmhouse and contemporary styles. This type of house style is ideal for individuals seeking more space and a private entrance, rather than an apartment. However, if you're looking for complete detachment from neighbors or no HOA fees, another home type may be a better fit. Coach home Coach houses, sometimes called carriages, were originally used to house horse-drawn carriages and were converted to be private dwellings. Now, a coach house can refer to any detached unit on the same property as another building. They can be rented out by the property owner of the main house or owned by a second individual.  Coach houses are ideal for individuals wanting a detached home with less upkeep than a larger house and potential rental income. However, they're not great for those seeking a large yard or someone who wants full independence from the main property. Chalet A chalet is the traditional house of shepherds in Switzerland. Today, the term refers to a Winter sports lovers and families wanting a cozy mountain getaway will love a chalet. However, it's not for those who prefer warm weather, flat areas or dislike being isolated. Cabin A cabin is a type of single-family structure defined by its minimalist features and rustic design. It is often used as a vacation residence but can also be a primary dwelling. Cabins are almost always located in remote areas. This home is great for nature lovers and those wanting peace and quiet. However, it's not ideal for people who need easy access to amenities or prefer a social city setting, as they might find it too isolated or uncomfortable. Tiny house A tiny home is usually considered to be any home under 400 square feet. Tiny homes were inspired by the modern trend of people downsizing their possessions and financial burdens. Tiny homes are best suited for minimalists and budget-conscious individuals who value financial freedom and a smaller environmental footprint. However, they are not ideal for families needing significant space or individuals who prioritize privacy and traditional amenities. Mobile home A mobile home is a factory-built house that can be towed to a lot for a semi-permanent residence. The mass-produced nature of mobile homes makes them an affordable option for home buyers.  Mobile homes are often affordable options for people seeking homeownership and a community feel. This type of house may not be ideal for people prioritizing rapid property appreciation, extensive privacy or freedom from community rules. Modular home A modular home has different sections that are fabricated in a factory. The sections are then shipped to the build site and assembled atop the foundation. Unlike mobile homes, modular homes are permanently affixed to real estate and built according to local and state building codes as traditional site-built homes. Modular homes are an excellent choice for budget-conscious buyers seeking faster construction and high-quality, factory-controlled builds. On the other hand, they might not suit those wanting extreme customization or extensive involvement in the on-site building process. What are the different types of house architectural styles? Now that you know the different types of house structures that can make up a home, it’s time to dive into the different house style names and architecture styles you’ll likely come across. When we talk about house styles, we’re referring to the exterior aesthetics of each house and some of its practical functions. As you examine the different style homes available, take note of what is beneficial for the area you live in, versus what is simply decorative, as this can drive costs up unnecessarily. For example, while a home with tall ceilings and lots of windows may be great for hot climates, it’s going to raise heating costs in areas with harsh winters.  Victorian The Victorian house style came to prominence in the 1830s — during Queen Victoria’s reign — and continued into the early 1900s. These homes are quite large, usually two to three stories tall. This type of house is known for its ornate wooden exterior with gabled roofs and turrets. Defining features: Tudor The Tudor house style came to America in the late 1800s and remained popular into the 1930s. Tudor homes often evoke feelings of an English country manor. They were inspired by medieval architectural elements and incorporated masonry, timber framing and narrow windows.  Defining features: Farmhouse The Farmhouse style is known for its warm and cozy aesthetics. It typically employs hand-hewn beams and wrought iron hardware over a rectangular design. Farmhouse-style homes often have wood flooring, clapboard siding, and contrasting shutters. Some even mimic barn roofs, evoking a charming Defining features: Modern Farmhouse Modern Farmhouse homes blend traditional Farmhouse elements with the sleek, clean lines of contemporary design, resulting in warmth, simplicity and functionality. The style is characterized by natural textures and materials, especially wood and galvanized steel. Color schemes lean toward cream with black trim and fittings, though bolder hues are also used. Defining features: French Country As the name suggests, French Country-style houses take inspiration from homes found in areas like Provence, France. These types of homes share traits with the Farmhouse style by incorporating distressed wood, subdued color palettes and window shutters. They differ in their stone exterior and fireplace.  Defining features: Mid-Century Modern Mid-Century Modern style is all about simplicity, with clean lines, organic and geometric shapes, floor-to-ceiling windows and minimal decoration. Made popular after World War II, Mid-Century Modern design puts function front and center. This type of home also aims to complement the surrounding environment. Defining features: Tuscan/Mediterranean The Tuscan style is a natural fit for areas that mix indoor and outdoor living. It looks particularly fitting in the rolling hills of wine country and sunny Southern California. These kinds of houses feature detailed stonework, lavish balconies with wrought iron railings, terracotta tiles, textured walls and stucco façades.  Defining features: Ranch Ranch houses first popped up in the 1930s and hit their peak in the 1950s. They are known for open living spaces and low-pitched roofs, rarely being taller than one story. Since these homes hit the market during the suburban boom, they often have an attached garage for commuters and a large backyard. Defining features: Split-Level The Split-Level house style is an offshoot of the Ranch style that became popular in the 1950s and 1960s. Its main difference is that it contains multiple stories connected by short flights of stairs.  Defining features: Bungalow The British elite first constructed bungalow houses in the 19th century as simple rest houses. This affordable style was adopted all over America in the 20th century, with offshoots popping up in Chicago, California and Michigan. Bungalow homes are known for their column-supported roofs, large main floors and stone elements, making them a charming option for those considering Defining features: Cottage Cottage houses were first built by working-class English farmers before this type of home was first brought to America. Now, they are ideal vacation homes due to their tight quarters, creating a cozy atmosphere and requiring little maintenance. They can be identified by their wood or wood shingle siding and small front porches.  Defining features: Art Deco Art Deco is one of the most visually distinct types of homes in this list. Like Mid-Century Modern and Cottage, this style can also be applied to certain Defining features: Colonial The Colonial house style in America dates back to the 1600s and draws from English, French, Georgian, Dutch and Spanish influences. These homes are at least two stories tall and have a rectangular frame. They have a symmetrical façade with evenly spaced windows. It is also common for them to have a decorative crown over the entryway that is supported by columns.  Defining features: Cape Cod Cape Cod homes are similar in style to Colonial houses, and they originated around the same time. They also have a symmetrical appearance, but are usually smaller in size. They were designed to withstand harsh weather, so they have heavy shutters to protect the windows and a central fireplace for heating the whole home, where essential. Defining features: Craftsman The Craftsman style is one of the quintessential American house styles, representing a rebellion against the mass-produced homes in modern developments. These houses are handmade and built to stand the test of time. Each one is unique since they are designed according to the specifications of the owner. Some common traits include built-in shelves, custom fireplaces, and reading nooks.   Defining features: Greek Revival The Greek Revival style arose during the 1800s when people found inspiration in ancient Greek culture. This translated to buildings emulating traits of historic structures like the Parthenon. These types of houses in America had large wood columns that were covered in white plaster to mimic stone. Defining features: Prairie The Prairie house style is a uniquely American creation. Architects created these types of houses to break away from the traditional European styles of the time. With its heavy reliance on horizontal lines and desire to complement natural surroundings, it can be seen as a precursor to the mid-century modern style.  Defining features: Contemporary The Contemporary style refers to homes that are presently being built and do not fall under a previously defined style. They sometimes share elements with modernist styles — such as clean lines — but will also appeal to current trends, like utilizing eco-friendly materials.  Defining features: How do I find my dream second home with Pacaso? Now that you know the types of houses you’re likely to come across during your house hunt, you can narrow your search down to the house structures and styles you find most inspiring and practical for your needs.   If you’re currently in

Buying a luxury home can feel daunting, as many properties are quietly shared through private networks rather than listed publicly. Luxury buyers also need to show strong financial credibility and make thoughtful decisions about customizations.  That’s why 1. Define your version of luxury  The word “luxurious” means different things to different people. Before you start browsing the 2. Prepare your finances  Luxury home buying requires more financial preparation than a standard house. Lender requirements may be stricter and down payments are often larger, so it’s important to prepare your finances by considering the following:  3. Create your expert team Buying a luxury home can feel overwhelming on your own. Having the right experts by your side makes the process much easier. Consider putting together a team to guide you every step of the way: Assembling a team reduces your overall risk and strengthens your position when you take the leap. It can also save time if you pick trusted experts who can streamline the process and clarify complex terms. 4. Evaluate visible vs. invisible value Take the time to look beyond the listing photos to determine your home’s value. Here are a few factors to consider that aren’t often cited in listings:  Pacaso’s luxury home buying advantages help reduce uncertainty with 5. Conduct specialized due diligence There are many moving parts when it comes to buying a luxury home, due to customized builds, extensive remodels and residential requirements. Each element of the process has to be legally compliant, so keep these factors in mind to make sure everything checks out:  6. Negotiate strategically You may have more flexibility negotiating contracts when Instead of seeing negotiation as simply pushing down the price, weave in these factors to come to an agreement on a fair offer that benefits both parties.  7. Consider ownership structure and privacy  When buying a high-end home, you have a choice of how you’d like to structure your ownership. The option you choose affects how you appear on the property title, as well as your personal stake and liability in the home. Here are a few common ownership structures:  People may opt for different ownership structures for privacy, to protect their property or to ensure their luxury home stays within budget. Pacaso’s Bringing your luxury home vision to life Pacaso makes second-home ownership simple for those who want to understand how to buy a luxury home. We offer high-end homes in desirable destinations, along with bespoke property management, so you can sit back and enjoy your property. If you’re ready to take the step towards co-ownership, browse

Financing a vacation home comes with its own set of requirements and considerations, which can complicate the buying process. This guide provides the insights you need to navigate vacation home financing and select the loan option that’s right for you. The basics you need to know before financing a vacation home Lenders will assess your financial readiness against vacation home loan requirements to make sure you can keep up with your property. Here are the key factors they consider: Lenders look for these factors to assess three key things: your creditworthiness, ability to handle Getting ahead of what lenders are looking for is a great way of positioning yourself for a smoother loan application process. Options for financing a vacation home  Thankfully, there’s more than one vacation home financing option to choose from, and the right choice depends on how much flexibility you want regarding payments. The way you use your home also factors into your options. Here are the most common options to consider: Conventional mortgage A traditional vacation home mortgage, also known as a conventional mortgage, typically requires a down payment of 10% to 20%, and often higher when Traditional mortgages are a good option for borrowers with strong credit scores and access to a substantial down payment. Although this type of loan is typically used for a primary residence purchase, it can be an option for financing vacation homes. Fixed-rate mortgages provide peace of mind with a consistent monthly payment throughout the loan term. This level of predictability makes budgeting easier, as you'll know exactly how much your monthly second-home mortgage payment will be, regardless of interest-rate fluctuations.  This type of loan is one of the best vacation home financing options for those who prioritize stability and dislike the uncertainty of variable rates. Adjustable-rate mortgages (ARMs) have a fixed interest rate for an initial period, then periodically “adjust” the rate on the outstanding balance. Lenders take on less risk during the fixed-rate introductory period.  Compared to fixed-rate mortgages, an adjustable-rate mortgage can entice borrowers with its lower initial interest rate. This may be attractive if you plan to sell the property before the introductory period ends. However, the interest rate on an ARM adjusts periodically.  These adjustments can significantly impact your monthly payment: Due to the potential volatility, ARMs are best for borrowers who feel comfortable with risk and plan to hold onto a second home for a shorter time. Home Equity (HELOC) loan A home equity line of credit (HELOC) lets you use the equity in your primary home to In addition to securing your HELOC with your home’s value, you will typically need a credit score of 650 or higher and a debt-to-income ratio between 43% and 45%. Lenders may let you borrow up to 85% of a home's value, in addition to your existing mortgage. It’s important to exercise caution with an HELOC, because your first home is your collateral, and if you default, it may risk foreclosure.  Cash out refinance Consider a cash-out refinancing option if you’d like to finance your vacation home mortgage without using your current liquid funds. This option lets you replace your first home’s mortgage with a larger one. You can then take the cash difference from the loan and use it towards your second property. Many lenders expect a strong credit score, at least 620, and often above 680. They also typically require a debt-to-income ratio of 45% or lower, and want to see that you have at least 20% of equity left after refinancing. Investment property loan Investment property loans are designed for those seeking vacation home financing and are specifically tailored to rental properties. The process is similar to a conventional loan. The key difference is that the lender recognizes you’re buying the property as an income-generating asset rather than for personal use. Investment properties are considered riskier to lenders because they’re dependent on rental income, which could vary depending on seasonality and other factors. Therefore, a higher 15% to 25% down payment is usually required, and your credit score should be 680 or above. Interest rates are often higher as well.  Jumbo loan Jumbo loans are designed for properties exceeding conforming loan limits set by government-backed entities like Fannie Mae and Freddie Mac. Jumbo loans come from private lenders and may have slightly higher interest rates than conforming loans. However, it's the best way to finance a vacation home if you want to enter the luxury second home market, allowing you to finance that mountaintop or beachfront property. Co-ownership Co-ownership is a great option for those looking to finance a vacation home without buying outright. While most vacation home financing options place the entire financial obligation on the owner, co-ownership spreads it among several individuals with shares.  Solid credit and a healthy debt-to-income ratio are often required, but the down deposit is often smaller than other options. It’s the best way to finance a vacation home if you don’t plan on living in the property full-time and want seasonal or occasional access.  For example, How to choose a lender for a vacation home When it comes to securing financing for your vacation home, choosing the right lender is crucial. Allow these steps to guide you when financing a vacation home: By comparing multiple lenders, you ensure you're getting the best rate and terms. Recommendations can also give you peace of mind, knowing you're working with a qualified lender who understands the unique aspects of vacation home financing. Tips to help you buy a vacation home Knowing how to buy a vacation home can help minimize risk and make the right decisions for your lifestyle, and financing is a big part of that. Here's what you can do to solidify your financing: With careful planning, you can finance the right Discover vacation home financing options with Pacaso If you’re