Things to Know / Consider Before Buying a Vacation Home
Vacation homes are a great investment, but there are a few things to consider before you make your purchase. These factors include:
Your Budget
Your vacation home will cost more than what you pay up-front. You also must consider taxes, utilities, insurance, HOA fees, and more.
Location
Know what you’re searching for: oceanside views, mountain vistas, or the hustle and bustle of city life? Choose a place where you’ll continuously want to spend time.
Accessibility
Is your vacation home a simple drive away, or will you have to take a plane, train, or boat? What mode of transportation is most viable? Travel time becomes a key player in keeping owners away from their vacation home.
Lifestyle
Are you leaning towards the quiet cottage vibe, or a luxury condo? Only search for properties that suit your fancy.
Make Plans to Relax
Designate time in the year that you’ll spend at your vacation home to ensure you get the most out of it that you can.
Protect Your Investment
There will be years where you can’t carve out as much time as you’d like to visit your vacation home, but it shouldn’t sit unattended. Invest in security systems or a property manager to make sure everything is safe, sound, and avoid large maintenance woes.
Your Vacation Home
There’s no time like the present for investing in a vacation home. Find your ideal location, start viewing whats available, and when you’re ready contact a broker in the area to get started!
