How to Purchase a Vacation Home

Surprisingly, in this market, vacation homes are on the upswing.  Are you or someone you know in the market to purchase vacation real estate?  If so, here are some tips to help you make a worthwhile real estate investment:

1.  What will the maintenance costs be? You will have to pay them even when you are not there.

2.  Does the weather drive up insurance and other costs?

3.  How popular is the area?  Will hoards of people make coming and going difficult?

4.  Is getting there no fun?  Some isolated places are really beautiful, but the airport is a long way.

5.  Will all the grandchildren or other welcome visitors fit?  Or is this vacation home just too small?

6.  Can it be rented?  If an owner needs to reduce costs, is there a market?

7.  Do you really want to go there every weekend or every summer?

Have more questions about purchasing a vacation home?  Contact 404.444.5777 or places2love@gmail.com.  Happy house hunting!

Source: The Wall Street Journal, Sushil Cheema (03/29/2010)