Unless you are incredibly rich, it’s highly likely that your vacation property is smaller than your primary residence. Having a smaller vacation property is a rational choice given you don’t live there as long as you do your primary residence. Further, it’s unlikely you need as many extra rooms for guests, an office, or entertainment since you’re on vacation.

That said, having a vacation property that is too much smaller than your primary residence might feel like too steep of a downgrade. As a result, you don’t want to go too frugal in an already superfluous purchase.

The Reality of Buying a Vacation Property

Buying a vacation property will likely turn out to be a suboptimal financial move for most people. You likely will not use it as much as you think to justify the cost.

And given you can only live in one place at a time,

Keep reading this article on Financial Samurai.