Should I lease or buy a vacation home in 2025?

The decision to lease or buy a vacation home in 2025 depends on factors such as your financial situation, long-term plans, and how frequently you plan to use the property. Buying a vacation home can be a solid investment, especially if property values in the area are appreciating. It offers the potential for long-term capital gains, the ability to rent out the property when not in use, and personal enjoyment. On the other hand, leasing a vacation home offers flexibility without the commitment of ownership. Leasing might be a better option if you’re unsure about the long-term viability of the property market or if you plan to visit only occasionally. Financially, leasing typically offers lower upfront costs and fewer maintenance responsibilities. Ultimately, buying is better for those looking for a long-term investment and frequent use, while leasing is ideal for short-term stays or when uncertain about future plans.