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For that reason, Blashaw helps families on his show, “Vacation House For Free,” renovate under-the-weather homes into retreats worth renting out when the family isn’t in residence. Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry. Once your house is in renting shape, your priority is to fill it — and that can be as easy as putting up a listing on Airbnb, VRBO, or Homeaway. Depending on your area, Blashaw says, there might be a busy season of weeks — and you might need to rent during that time.
“Then you need to renovate and figure out how many weeks you need to rent at x dollars to have your vacation house for free,” Blashaw explains. Your vacation home isn’t free if you’re not earning enough to offset the money you put into it. Blashaw recommends calculating the carrying cost, mortgage, taxes, utilities, insurance, and any other costs on an annual basis. HGTV host Matt Blashaw thinks the chief appeal of a vacation home is its convenience. You know the area, and you know you’re going to have fun.” The vacation may be easy, but the second mortgage probably isn’t. Of course, no house is actually free, but by earning money on the home when it would otherwise be vacant, homeowners can essentially get a vacation house that pays for itself.
Vacation House for Free
“People have to be OK with not being there during the season,” cautions Blashaw. Matt Blashaw realizes couples' wishes to own a vacation home mortgage free. It’s not quite as easy as it sounds, especially if you’ve never undertaken a renovation. Here, Blashaw provides his top tips for turning your vacation home into a free home.
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