Buying a second home that you can use for your vacations is exciting. Whether you’re retired and planning some extra vacation time or you’re looking for a family-friendly home you can start holiday traditions in, a holiday home is a great asset.
However, if you’ve never bought a holiday home before, there are some things you need to consider. Here’s everything to keep in mind while searching for your perfect home.
Make a List
Before you start browsing through holiday home options, it’s important to think about what you want in a home. If it’s somewhere you’ll be inviting friends and family to for meals and get-togethers, a large kitchen could be something on your list. If you’re planning on relaxing in the summer, you may want a home with a pool.
Think about all the things that are practical necessities for you to be happy and comfortable while you’re there.
The location of your home is arguably the most important thing to consider. If you’re likely to have children with you as you vacation, it’s worth noting where local hospitals or pharmacies are in case of an emergency. If you like to explore while you’re on holiday, you may want a home near local attractions or shopping centers.
Where your home is located will inevitably affect the price of the property. Looking a few miles out of your desired location could save you a significant amount of money.
Will You Rent?
While you’re not using the property, will you rent it to others? This is a great way to pay the mortgage on any holiday home. However, it does mean you’ll have more to consider.
For example, if you’re only using the home for two people but it can be rented out to large families, you may want to think about bedroom space and extra bathrooms. Being a landlord will also come with responsibilities to make sure the property is always safe, clean, and everything works.
Avoid Impulse Buys
It’s even easier to fall in love with second homes than it is to fall in love with first homes. You may look at a home that seems luxurious and want to jump straight in. It’s vital that you get the home evaluated and surveyed before making any decisions.
You should also look at reputable sellers instead of private sales. For example, Calvis Wyant Luxury Homes is full of listings you can trust. It’s easy to make a sensible choice when you have professional advice.
Visit More Than Once
The great thing about buying a second home is that you don’t need to rush. You can take your time and visit the property more than once to ensure you’re making the right choice. If one home falls through, you have plenty of time to start considering another.
When you visit the property multiple times, you may pick up on things you can question the owner about and even ask if changes can be made if you agree to buy.
Always go with your instincts so you can get the experience you deserve from your holiday home.