Information for purchasing a Vacation Home.

Valuable information to share with buyers and sellers.
Vacationing in the country or spending a week at the shore often leads people to dream about owning a place they could enjoy all season long.  After reaching their peak in 2006, vacation home sales dropped the last few years.  However, the market appears to be on the upswing again with the number of vacation homes sold increasing by almost 8 percent and the median sales price up more than 12 percent according to the National Association of Realtors.
For those in the market for a vacation home, Elizabeth Gehrman of the Boston Globe recently shared some things to consider first before making a purchase.
Would you prefer spending time in the same location every year or visiting different destinations? For many, the idea of being able to get familiar with the community and neighbors is a strong selling point for buying.
Determine how you plan to use the property and how long you’ll hold on to it. Will you want your vacation home to eventually become your full-time retirement home?
Think about the features you want. A great view? A level lot? Proximity to the water? Privacy? Then determine which are most important to you and if they will fit into your budget.
Do you want or need to rent out your place to help with costs? If so, study the rental market and research advertising options and cleaning services in the area you can utilize.