Receive the Keys to Your Dream Vacation Home
(NewsUSA) - There's nothing like being able to travel to another part of the world, but it's another thing altogether when you can travel and relax in the luxury of your own vacation home. According to the National Association of Realtors, vacation homes make up about one-third of all second-home purchases.
If you've been daydreaming about receiving the keys to your very own home away from home, keep in mind the following tips before making your purchase: * Get pre-approved for a mortgage. When you are approved for a mortgage before you begin your search for the perfect vacation home, you will know exactly how much money you're working with. Pre-approval will make the buyer's offer more attractive. And don't forget to consider alternative forms of financing. Ask the developer if they'll offer a mortgage instead of going through your financial institution. * Buy for pleasure, then investment purposes. Many tax professionals will be quick to note that buying a vacation home should be primarily for enjoyment purposes, with secondary considerations as a real estate investment. * Take a good look at a tropical paradise. It can be hard to find a vacation home that's not located in a densely populated area, but 100 miles north of Costa Rica, quiet and secure vacation communities like Los Suenos beckon those looking to purchase an affordable, beautiful vacation home. Located on the Pacific Ocean in Nicaragua (just north of Costa Rica), beachfront amenities include restaurants, bars, outdoor pools and much more. Exotic fishing, first-class surfing, hiking, nature and outdoor activities all provide additional incentives to buy vacation homes in this Central American area. For more information, visit www.suenosbeach.com. * Include other family members in the decision. If you're going to be living with family or friends in your new vacation home, consider everyone's needs such as space and activities. * Think day-to-day. Ensure that health care facilities are nearby as well as grocery stores, entertainment locations and other daily necessities. * Buy a place that you can use year-round. Make sure you can use your home on a full-time basis if your circumstances change. Aside from accessibility, consider year-round activities and amenities. And don't overlook income possibilities. For example, some vacation home developers will allow you to place your home into a rental pool. |
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