You found an area you love and you’re thinking of buying a vacation home there. Having a second home can make vacationing easier, but it’s not always the right choice. Before you buy a vacation home, do your homework and make an informed decision.
Here are our 7 tips for buying a vacation home:
Have a Clear “Why”
It’s easy to get caught up in the charm of a new area when you’re on vacation, but it’s different to love a place enough to buy a second home there. Make a list of what you love about the area and create a calendar of dates you plan to visit. Does the list of loves and your availability to travel justify the expense of a second home?
Give it a Trial Run
Before you make the decision to buy a second home, be extra sure you like the area. Take a few trips to your desired location and rent homes in different neighborhoods. This will help you get a feel for what you enjoy most about the area and identify target neighborhoods.