If you invest in a well-kept property, in an in-demand destination, with amenities that travelers are looking for—yes, buying a vacation home can be a good idea. The rewards of investing in a vacation rental are numerous. Your rental income can possibly offset your mortgage and other expenses. Your home may appreciate in value over time, leaving you with a sizable nest egg or a beloved home to relish your retirement. You could have plenty to write off come tax time. Plus, a vacation home can be a place where you create unforgettable memories with your closest family and friends (because we all could use more of that).