5 Tips on Choosing the Perfect Vacation Home
So, you’re thinking about choosing a second home to use as your vacation home. Somewhere you can go to relax and enjoy yourself without having to think about the stress of everyday responsibilities. You might think that’s easy but choosing the perfect vacation home is just as complicated as choosing your home. Here are few tips to help you along the way.
Where Do You Want to Be?
Just like any other property, the location is the most important part. When it comes to choosing your vacation property, you need to think about what you want out of it. Do you want to be near to a beach so you can spend long afternoons sunbathing and swimming? Do you want to be nearer to the action- a vibrant city with a great nightlife? Make a list of everything you consider to be important on your vacations and take your search from there.
Bide Your Time
A vacation property isn’t an essential, so you can afford to bide your time and wait for the best deal. There will be certain points in the year where the market is better or worse. Knowing what you want and where you want it in advance will put you in good stead for grabbing a property when it becomes available during a good market season. Getting some advice from professionals, like Hollywood Hills Homes, will help you decide when to pounce and get the best deal possible. This is especially important if you decide to create a second income from vacation home rental.
Your work and life schedule will have a huge impact on the type of property you want to buy. Buying a vacation property just because you like the idea of it won’t serve you well. If you really plan on making the most of your property, you need to think about the times it will actually be in use. For instance, if you vacation during the Summer, you may want to think about homes in Europe. However, if you get most of your time off during the Winter, you could think about Australia or New Zealand. Knowing when you’re likely to use the property will give you an indication of where you should start looking first.
Learn the Terminology
The terminology used in the selling and buying of vacation properties may be different to what you’re used to with other properties. You may see terms like ‘beachfront’ or ‘oceanfront’ in the descriptions which may sound self-explanatory. However, you may not know that only the latter guarantees that you’ll be near to water. ‘Direct Ski Access’ means you’re only a short distance from the slopes; perhaps a shuttle ride away.
Stay Away from Tourist Areas
The problem is, most people fall in love with tourist areas and then try to purchase properties near them. However, tourist areas have the highest property markups of anywhere. So, if you want something close to those areas but not at the same price, look more towards the outskirts.