You should look carefully at your objectives. Although this can be a good investment over time, it does not make sense to commit too large a portion of your assets and future earnings into a second home, from a financial management perspective. You don't want to tie up too many assets in a single investment, especially if some day your have to liquidate it at a disadvantageous time. If you can't buy it outright or nearly so, it may be too large an investment for prudence. You may not want to limit your vacations to a single location, which may especially be the case if your purchase means that you cannot afford to go elsewhere. How many weekends and vacations are you realistically going to spend there? Perhaps you can find some friends to form a trust and purchase a shared property. It could limit the size of your investment to a reasonable amount, and the property would be efficiently used for vacationing. You could design the trust so that it would be possible for buy each other out in the long run, so you don't have to shelve your dream of owing your own place outright. If you are looking for a property in an area with many seasonal or recreational homes, I suggest finding a lawyer in that area who can help you set up a trust and advise you strategically.