Vacation Homes & Second Homes
February 21st, 2007 Posted in Caldera Springs, Central Oregon, Sunriver, View PropertiesAt one time second homes were the exclusive realm of the rich. However, in recent years many middle -income families have purchased vacation homes, even it is only a cabin in the woods. Spurred by the need to get away from the crowding of cities and lured by the thought of acquiring some potentially valuable land, many have spent the time and money to buy these second properties.
Often you can rent out a second or vacation home. The tax laws are written in such a way that if you rent out the property and use it as an income property or use not rent it and use it as a second home. You will want to consult your tax specialist to see what is best for your situation. Second Homes in Sunriver have been extremely popular for the last several years. Sunriver and Black Butte have been the 2 most well known resorts to purchase a second home in. Today, there are many more to choose from to name a few; Caldera Springs which as of this posting has its first 14 homes under construction or getting ready for spring construction. Brasada Ranch which has beautiful homes and a few spec homes underway is just one more of these great locations to purchase your second home or vacation home. New resorts are showing up throughout the Central Oregon area.
