| If you are one of those who are fortunate | | | | to be clearly allocated in order for the appropriate |
| enough to own a home in a desirable vacation | | | | tax deductions to be made. If you use the home |
| destination, the thought of renting out your home | | | | for less than 21 days while renting it out for the |
| for the holidays would surely have crossed your | | | | rest of the year, it is then considered a rental |
| mind more than once. The only thing holding you | | | | property and is taxed accordingly. |
| back is the fact that you have no idea how to go | | | | Once you have sorted out the tax issues comes |
| about it! | | | | the fun part: making sure your house is a |
| The first matter of concern that needs to be | | | | desirable vacation home! Showing off your |
| cleared up when you intend to rent your house | | | | property in its best light is of paramount |
| out as a vacation home is how often you intend | | | | importance if you want to attract paying guests. |
| to rent it out. This is because different taxation | | | | Exterior pictures should be taken in a flattering |
| rules apply to different periods of tenant and | | | | light that highlights the location and holiday season. |
| owner occupancy. To begin with, if you stay in | | | | For interior shots, make sure the rooms are |
| your home more than 14 days a year while | | | | clean, tidy and uncluttered. |
| renting it out less than 15 days a year, the house | | | | Clear away clutter and valuable items when |
| is considered a personal residence and you need | | | | preparing for guests to keep your possessions |
| not declare the income you make from renting | | | | safe and in one piece. Consider, too, stocking up |
| out the house. | | | | on a good selection of indoor games in the event |
| If you use and rent out the house more often | | | | of inclement weather. Keeping personal care |
| than the periods stated earlier, the residence is still | | | | products on hand in your vacation home are nice |
| considered a personal one. However, interest and | | | | touches that will make guests feel welcome. |
| property taxes for personal and rental use need | | | | |