Sadler House

Sadler House

Rockland, Maine

vacation home

All of the posts under the "vacation home" tag.

Vacation Home Expenses: Budgeting for Your Dream

I didn’t grow up with people who had vacation homes, so it seemed pretty ballsy to our friends and family when my husband and I started planning to buy our dream home in Maine. Naturally, a major concern was whether or not we could afford it. With all the time it took us to save the downpayment, I had years to crunch the numbers on our future vacation home expenses from here to Sunday. I figured out how much mortgage, tax, and insurance were likely to drain us monthly. I estimated how much more we’d need to add to our emergency savings. I did the figuring about how much it would help us if we could rent the house weekly to other vacationers.

Oh, I did the math.

Vacation Home Expenses: Don't forget furnishingsVacation Home Dreams Meet Real World Expenses

In 2013, we realized our dream of buying Sadler House, and I signed a thousand papers with very sweaty hands. With some self-control, we managed to buy a home that was within the budget I had allocated to us. We crossed our fingers and moved forward.

We’ve owned and rented this beloved home now for more than two years, and I have learned about expenses that even my copious calculations didn’t previously anticipate. All in all, we’ve been very happy with our decision. Based on my experience, however, I thought I could spare some future owners a little grief by sharing a list of expenses to consider when they budget for their own dream vacation homes.

First, the obvious. Read more →

So You Want to Run a Vacation Rental: Cleaning Secrets

When I used to tell people that we were going to buy this house in Maine and manage renting it ourselves (remotely) people kept their opinions to themselves but largely looked skeptical. Certainly, operating Sadler House has been a huge adventure and one I wouldn’t trade for anything. We were ready for much of what came our way, because we did our research. Not surprisingly, however, a few things caught us off guard. If you are planning to undertake this type of project, you have to expect the unexpected, as the saying goes!How to Run a Vacation Rental: Cleaning

One of the biggest fears that kept me awake at night was managing cleanings between guests. If you live in the same town as your vacation home, you have the luxury of checking the home before guests arrive. You can clean it yourself, or you can cover for your cleaning service if they don’t show up or if someone is sick.

We can’t do that.

I knew from the beginning that we would be totally reliant on our cleaning service. That’s why I almost had a heart attack trying to find someone to do our vacation home turnover cleanings. Fortunately, thanks to the recommendations of good friends, I was fortunate enough to find Hillary at OrganiClean.

Be Informed

If you are planning to operate a vacation home, you should do a little research about what cleaning services are available in the area. If you are in an isolated area, or a small town, finding someone to reliably clean your home could be a major obstacle — especially since the majority of weekly summer turnovers all happen at the same time every Saturday! Don’t put yourself in a bad spot by assuming you’ll find a cleaning service and then realizing there is nobody to do this for you. If, due to a lack of cleaning companies, you will need to hire an individual who is local to the area, consider how you’ll find that person and what you’ll require for back-up in case of illness or emergencies. Read more →

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