Buying a Summer Home

The economy has improved to a point that people are again considering the purchase of a summer home. The primary motivation for a vacation home purchase is, well, vacation. The happiest vacation home owners love spending their vacation in one place, may likely retire there, have done their homework, and made the decision that the vacation home works for them. Getting any rental income on the property is upside. Some people are too optimistic about rental rates, vacancies, property management fees, maintenance, repairs and housekeeping. When you include the fixed costs of real estate taxes, insurance, utilities, and association fees, it could be difficult to generate a true “income” from a vacation home, but it may offset some expenses.


About Richard Gerber

Living Your Lifestyle A home is more than just architecture. A home supports our lifestyle. Whether you entertain large groups or prefer intimate gatherings. If you need privacy to work from home or an energizing space to spark creativity. Do you prefer a vibrant urban hub or quiet rural setting. A home nurtures who you are, it is why we feel comfort there, and it is why it is so important to us. We provide highly personal service to people buying and selling their most valuable asset, and their transition to their next home. We make the experience enjoyable, predictable, and worry free. We specialize in Sellers, Buyers and Investors of Luxury Homes, Single Family Homes, and Town Homes in Schaumburg, Palatine, Hoffman Estates, Elk Grove Village, Rolling Meadows, Inverness and other suburbs in Northern Illinois. For more information, feel free to contact me at or visit
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