Why Beach Real Estate Property Can Help De-Stress You From the Daily Grind

Let’s conduct an experiment here: do you have an alarm clock handy? If so, get it out. Plug it in. Next step: let’s hope this alarm clock has one of those features allowing you to loop all sorts of sounds while you sleep. You know what I’m talking about? I’m talking about the synthetic playback of all sorts of nature sounds —

  • Waterfalls
  • Raindrops
  • Wind
  • Crickets
That sort of thing. Go ahead and get this video started, by the way, while reading, and I can guarantee that this will be the best article you’ll ever read today.
I know, I know. You’re probably wondering where I’m going with this, especially when the title does say that this is something about the benefits of beach real estate property, so what am I getting at? Or am I just pulling your strings and leading you on some goose chase?

No Goose Chase Here: Just Beautiful Visuals and a Feast for the Ears

There’s just one more sound you would’ve heard on that video, which also could possibly be on your alarm clock. It’s a popular one. I am, of course, talking about the ever-familiar sound of the surf, perhaps some seagulls in the air, and the gentle crash of waves on the shore. It’s the beach.
Name one individual researching for zero-down homes, and automatically you’ll know that the term “beachfront property” perks people’s ears up real fast. It’s obvious.
The appeal of the getaway, the visuals, sights and lack of city sound make for a great meditative escape, relieving you of stress and recharging you for the next daily grind, whatever it may be.
Your instant benefit is that revitalization. You stay productive. You get the relaxation you need. Heck, some may even resort to their, well, resort every weekend to recharge for Monday and the rest of the workweek. In fact…that’s probably why they call it a “resort”!

Don’t Knock the Beach Real Estate Property

It just might be the best thing to ever happen to you, emotionally, spiritually, even practically from a profession standpoint. I’d go this far to say that you benefit the best as a writer, or an artist. Why?
Not only can you handle more of the ‘marketing’ and business aspect of your job during your regular days in the city, but you can do your work while on vacation. Every weekend. Or on any given week.
Bonus! Don’t cheat, though, and settle for the alarm clock. I’d suggest getting the beachfront property, going for the real thing. It’s always better. 

How to Maximize Taxes With Your Ex-Spouse and a Vacation Home

We raise the question, because home selling has a specific benefit many enjoy: the tax benefits. That’s what we mean when we say we can maximize taxes by taking advantage of the exemptions. Deductions, deductions, deductions. You get all the profit when you sell.

But Only When the Property Is Your Actual Homemaximize taxes vacation home

Case in point: a vacation home won’t apply to those same exemptions. So what can you do? If you want to sell that vacation home, be prepared; you might have to pay taxes on it. And this is precisely the case when facing divorce, a situation littered with plenty of options regarding property.

Be prepared to pay some capital gains tax if you sell that vacation home. How much that tax will be will depend on your actual income. So let’s say you don’t have a whole lot of income, and your ex-spouse transfers ownership to you… Sell that vacation home, and you can retain a great portion of that profit down the road.

There is the possibility of a ‘partial exclusion’, though, where you may prove that you’ve lived in the residence for two years or more. If that’s the case, selling the vacation home can earn you 40% of the profit that would otherwise go to capital gains tax. Might be a pretty good option for you as well as the ex-spouse!

Either Way You Look at It, You’re Going to Need to Consult the Experts to Maximize Taxes

A qualified and experienced divorce attorney will help you tremendously regarding that vacation home. Maximize taxes, of course, by registering with an expert from the Income Tax Planning Network. Find out whether or not you want that vacation home on your plate. It all depends on what you want to pay on taxes or not. Because remember: it’s just property. Think of your finances.

 

 

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