Sunday, August 10, 2014

Tips for buying a vacation home

Dear Home Diva,
What tips can you give me about buying a vacation home? --Ms. Summer Phun

Dear Ms. Phun,

Just like with your primary residence, you need to think location, location, location with your vacation home. If the vacation property is too far away or too difficult to get to, will you really use it? 

Experts recommend selecting a location no more than two hours away. Not only will it make it easier to enjoy your vacation home, but it also will make it easier to check on it and make repairs if necessary. According to the National Association of Realtors, beaches and mountains tend to be the most desirable locations for vacation homes.

Make sure you visit several times before you buy. Check it out during the off-season as well, so you know what the area has to offer. If you intend to rent out the property when you are not using it, consider the properties true rental potential and whether yours will provide the amenities vacationers seek. 

And don’t forget to put pen to paper and tally up the cost of not only buying the property but the upkeep as well. 

And finally, as always, find a realtor to assist you. --The Home Diva