Investing in a vacation home can be a rewarding way to invest your hard earned money. There are several things to think about before you make the big purchase such as where it should be, what you want, and who can use it. If you are feeling overwhelmed with options check out this guide to picking the perfect haven.
Location, Location, Location
Finding the perfect spot for your weekend bungalow can sometimes be tricky. You must consider where you live, how far you are willing to drive, and what terrain is best for your new getaway. First and foremost, you should reflect on the distance between your everyday home and your vacation home. If it is more than two or three hours away, how often are you willing to make the trip? The amount of usage you get out of the house may depend highly on the distance of the journey.
It is equally as important to analyze the accessibility of the area surrounding your vacation home. Whether you want a cabin in the mountains or a beachfront oasis, understanding obstacles like weather or seasonal popularity can make or break your dream escape. Before you commit, look into how accessible the house is the house during unexpected weather and how populated is the town during busy seasons? Reflecting on what kind of atmosphere you want to relax in can make all the difference in determining the right retreat.
Internet, Phone, T.V.
How connected am I in my everyday life? How connected do I want to be during vacation time? These are two questions crucial to determining the type of home you want to purchase. Perhaps you are the type of person who likes to escape from technology during your downtime. Or maybe you are the type of person who uses media to relax. Knowing which category you fit in will help narrow down choices when searching for the perfect vacation home.
If amenities such as web browsing, television, and phone service are important to your sense of wellbeing, don’t be afraid to look into the internet availability in your desired destination. This could make the difference between undesired boredom and utter bliss. Depending on your personal preference towards technology, search for a place that incorporates the types of conveniences you either want or want to get away from.
Personal Use, Subletting, Lending
Once you have narrowed down your options and have finally found the vacation home of your dreams, it is essential to determine who (if anyone) you will share your escape with? It is possible you want it to be a personal space where people are permitted only under your supervision, or perhaps you are comfortable with your loved ones using the space separate from your presence.
It is important to determine the potential availability of your new home before you make the final purchase because it will allow you to place boundaries without anyone’s feelings getting hurt. Most people understand if you consider it your own personal sanctuary. If you are comfortable with others inhabiting your home, you should consider subletting or renting it when you aren’t there. Using your house as a vacation rental can be a great way to help with the mortgage.
Image source: http://pixabay.com/en/wooden-hut-cabin-winter-snow-cold-270254/