If you’re buying a home for sale on 30A, you’ll see some that have guest houses – but are they the right choice for you?
Buying a Home With a Guest House? 5 Things You Need to Know First
A home with a guest house can be a wonderful investment, but only if you know what you’re getting into. Here’s what you need to remember:
- Renting it out as a vacation rental can have financial benefits, but it has tax implications, as well.
- The guest house must have had the proper permits before it was built. If it didn’t, your transaction could fall through – or you may end up having to tear it down.
- You’ll likely need a different type of mortgage with a guest house that you intend to rent out. Same with insurance!
- Don’t forget that you’ll be sharing your yard space with guests.
- Look into whether you’ll have to combine the guest house’s utility bills with your primary home’s utility bills or you can separate them out – you might end up paying more than you thought you would.
Search 30A Homes for Sale Now
Talk to a tax professional before you make an investment in a home with a guest house. Your real estate agent will help ensure everything was permitted, and your lender will be able to tell you what types of mortgages are available to you when you’re buying this type of home.
Are You Buying a Home Along 30A?
If you’re thinking about buying a home for sale on 30A, we can help you. Call us at 850-213-3048 to tell us what you’re looking for – we can help you find it.
In the meantime, check out all our listings or get specific with these links: