|
Should I Buy A Vacation Home? |
| Print |
|
Should I buy a vacation home in Charleston SC ?Today a vacation home can be purchased for investment purposes as well as enjoyment. And yes, there are tax benefits.
Some people buy a vacation home in the Charleston SC area with the idea of turning it into a permanent retirement home down the road, which puts them ahead on their payments. Another benefit is that the interest and property taxes are tax deductible, which helps to offset the cost of paying for a second home. A vacation home also can be depreciated if you live in it fewer than 14 days a year, or 10 percent of the rented days - whichever is greater.
Do You Have A Question About Charleston SC Real Estate?
|
COLUMBIA -- Georgia will play at South Carolina on Saturday without its best player.
Star receiver A.J. Green, from Summerville, was hit Wednesday afternoon with a four-game suspension from the NCAA. 
North Charleston will take a step toward legalizing gambling cruises from the Cooper River when the first phase of Mayor Keith Summey's proposal goes to the city Planning Commission next week. 