3. Just Rent It When You Need It This is the minimalist’ s indulgence. You enjoy it when you want it— and walk away when you’ re done.
Rental Costs( Example)
• July / August in Spring Lake or Bay Head: $ 30,000 –$ 45,000 / month
• Holiday weekends: $ 2,500 –$ 5,000
• Annual Outlay: $ 40,000 –$ 80,000 depending on usage
Pros
• Zero upkeep
• Ultimate location flexibility
• Capital remains liquid
Cons
• No equity or appreciation
• Competitive, time-sensitive booking
• Never fully yours
Case Study: Amy Faherty“ We love the flexibility of trying different places every year. At $ 40k –$ 50k for a month-long rental, we still come out ahead compared to owning. Plus, I never have to worry about who’ s fixing the HVAC.”
Smart Money Insight Renting is like dating a beach house: fun, commitmentfree, and someone else does the laundry.
ROE( Return On Enjoyment) Over ROI Real estate investors often chase ROI, but when it comes to vacation homes, Jonathan Steingraber asks a better question:“ What’ s your ROE— Return on Enjoyment?”
Whether you’ re buying for your legacy, your ledger, or simply your lifestyle, make the decision that supports what matters most to you. Because sometimes, the best return isn’ t measured in dollars but in dinner conversations, shared sunsets, and the kind of memories that anchor your family for decades to come.
Looking To Buy Or Rent Your Vacation Dream Home? Amy Faherty, Signature Realty NJ Mobile:( 732) 228-2224 • Office:( 973) 921-1111 301 Maple Ave., Red Bank, NJ 07701
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