With vacation home purchases on the upswing, here are some things that potential buyers should ask themselves:
What will the maintenance costs be? They’ll have to pay them even when they are not there.
Does the weather drive up insurance and other costs?
How popular is the area? Will hoards of people make coming and going difficult?
Is getting there no fun? Some isolated places are really beautiful, but the airport is a long way.
Will all the grandchildren or other welcome visitors fit? Or is this vacation home just too small?
Can it be rented? If an owner needs to reduce costs, is there a market?
Do they really want to go there every weekend?
Read a summary of NAR's recent report HERE
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