Date Archives: November 28th, 2016

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November
28

Should You Buy a Vacation Home?

Buy a Vacation House

Buying a vacation home may sound like the ultimate luxury.  While owning a vacation home can be a great investment, both through potential rental income and through your own family memories, it's not a decision to be entered into lightly.  Our real estate agents at Margaret Rudd & Associates, Inc. have created this list of six things to consider before you start shopping for a vacation home.

  1. Count the Costs
    Before buying a vacation home, make sure you understand all the costs and can afford them. In addition to the obvious costs of the mortgage, you are going to need to pay for utilities, HOA or condo association fees, taxes, insurance and even furnishings for the home. In some areas you will want to add recreational equipment so you can rent the property as a fully equipped vacation home. Make sure these are all costs you can afford.

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