Five benefits of owning a vacation home in Palm Springs

Fresh palm trees, minimal rain and an average of 70 degrees year-round often attracts people from across the country to fall in love with Palm Springs. Just two hours east of Los Angeles is the perfect getaway for a short vacation. A city which was once the playground for the power players of the Golden Age of Hollywood. Downtown Palm Springs dons its own “Walk of Fame,” and you can find Forever Marilyn’s statue standing massively in front of the Palm Springs Art Museum. Yearly festivals and events bring in tourists worldwide to celebrate music at Coachella and Stagecoach, play golf in Rancho Mirage, and stay at the many hotels and resorts Palm Springs offers. Palm Springs offers an array of activities suitable for all ages, making a vacation home more suitable for families and those seeking more privacy.

As the popularity of the festivals increased year after year, the desire for vacation rentals has grown and has become an essential part of the local Palm Springs tourism ecosystem. As the world came to a halt during the pandemic, travelers discovered vacation rentals for the first time and visiting “drive markets” like Palm Springs in more significant numbers helped many of the local retail and hospitality businesses survive. As such, demand for vacation rentals has increased in the area, and we are here to list to you the many advantages of owning and becoming part of our upcoming 3D-printed housing communities in the Palm Springs area.

Advantages of owning a vacation rental home

1. Earning revenue to offset your expenses.
   Websites like AirBnb have made it easier for people to offer their private residences and spaces for income. Buying a vacation home and controlling when you have guests using it is a benefit as you can also visit your home whenever you like. Between the rental guests, manager, cleaners, and yourself, there will be many eyes on the property, which is preferable for unoccupied properties for more extended periods. With this additional revenue you can finally take more vacations, pay off your mortgage, save for your kids’ education and enjoy a more relaxed life.
2. Having your own place to escape
   You will be surprised by how many friends and family you suddenly have when they find out you own a vacation home in Palm Springs. Escaping the hustle and bustle of wherever you live full-time to rejuvenate is sure to have a lasting effect on your overall wellness. Having your vacation rental is the best getaway for those long weekends.
3. Potential tax incentives
   There are potential tax benefits to renting out your vacation home, as you may be able to write your home’s depreciation and expenses. Buying a 3D printed home and ADU also comes with energy-efficiency tax incentives. Of course, you should consult with your tax advisor or CPA regarding your specific options.
4. The home will increase in value.
   When buying a home there is an inherent likelihood that the value will appreciate so that you make a great return on your investment when you decide to sell. A vacation rental is no different. With this ever-changing real estate market, your new 3D printed vacation rental home will increase in value year after year. This is especially true if you buy in a high-demand area like Palm Springs.
5. Setting up for retirement
   The opportunity for those seeking a home-away-from-home and a much warmer and dryer climate is merely a 2-hour drive east of Los Angeles. Palm Springs offers year-round temperatures suitable for golf and other relaxing activities for those who reside on the east coast or in colder and humid regions. A common goal of retirement is to have a place of retreat for the times of the year one dislikes the most at their main residence. Locating and buying a second (or third) home prior to retirement enables you to experience the benefits of refuge before actual retirement. A modular 3D printed home is sure to withstand normal wear-and-tear, limiting the chances of having to spend additional funds on repairs. Being a part of limiting carbon emissions and changing the world for a greener and sustainable future is a feeling that will remain with you throughout your retirement.