| |
| |
|
Nationalrealtyresource.com
|
| Home | Find a topic | Links | Guest Book |
| Welcome |
|
|
|
Is a Vacation Home Right for You?
Many of us dream about owning the vacation home in the Mountains, or on the Lake or Ocean. A place where one can retreat periodically from the hustle-bustle of everyday life. However, for those who do achieve the financial resources to make such a purchase, there are several factors that should be considered first prior to taking the plunge. Owning a Vacation Home can be a wonderful experience, but it is a huge commitment and responsibility. When one first thinks of owning a Vacation Home, we think of only the positives, such as a quiet remote location where we can get away from it all. A place where we can swim, fish, hike, and ski. Unfortunately for many, they forget about the other realities: location and travel time, upkeep and the associated costs, high property taxes, their children's school and other home activities, guests. All of these put stress on the new Vacation Home owner, and how they prepare ahead of time to address these issues determines how enjoyable their new purchase will be. The first item to consider when purchasing a Vacation Home is location. Is it near enough from your main home such that you can enjoy it regularly enough? If not, consider another investment. The last thing you want to do is make a huge investment in property that you can not regularly enjoy. Though real estate has always been considered a good investment it is not considered liquid, and expensive vacation homes can take a long time to sell. Cost of upkeep and property taxes should also be heavily considered. Maintaining a vacation home is not cheap and the local town officials love to hit the vacation homes hard with property tax bills. One also needs to consider his or her own weekend responsibilities and those of their children. Sports team events, clubs and organizations as well as maintaining the main house will eat into the time available to head to the weekend get-away. And if you have teenagers, they have their own dates and plans. Be prepared, more times than not, for having to forgo the weekend retreat for your children and other responsibilities. One of the other aspects of owning a Vacation Home is having guests. This is a double edge sword. You want to have guests to share in your retreat. However, the upkeep, food and cooking can become overwhelming. Also, when guests visit, they are on vacation, but you may not necessarily be. It is important to let friends and families understand this, otherwise prepare for unexpected meals outs and other activities. Owning a Vacation Home can be, and is for most, a wonderful experience. Those who truly enjoy them, usually have to go thru an adjustment cycle. First the euphoria phase, followed by a frustration and exhaustion phase, and finally the true enjoyment stage. The enjoyment phase occurs when one has developed a balance between the pros of owning a vacation home and the other responsibilities of their lives. Mark J. Donovan http://www.homeadditionplus.com Over the past 20+ years I have been involved with Building homes and additions to homes. I have completed many projects that have included: building a Vacation Home, Family Room Additions, and a Garage. I have also finished the upstairs on unfinished homes. My formal education and Profession has been as an Electrical Engineer and Marketing Manager.
MORE RESOURCES:
Real-Estate - Google News |
|
|
|
RELATED ARTICLES
Sell Your Home Without Paying Any Commissions All of us know that real estate commissions can work out to quite a bit of money - anything from a few thousand dollars with discount brokers to 6% in commissions with full-service agents. That's a substantial sum of money to be paying for something you could very well do on your own. Home Inspectors: 5 Tips to Choosing the Right One Choosing the wrong Home Inspector can cost you a lot more than the fee you paid. If you choose a home inspector solely on price alone, your headed down a dangerous highway. Seven Questions You Should Ask When Buying a Condo Hotel Unit You may have heard all the buzz about the newest type of vacation home investment, condo hotels. These are condominiums located in four- and five-star hotels in cities like Miami, Orlando, Las Vegas and Chicago. Investing in Real Estate for Your Retirement (and Now!) You've probably heard a lot of opposing information about Investing in Real Estate, which is completely annoying! The straight-forward fact about Real Estate is that it is probably the best and safest investment you'll ever make, especially if you live in it, and that you are far more likely to make money in this market than with any other type of investing. The chances are very slim that you'll wake up one morning and the housing market will have dropped by 40%. The New First Impression in Home Selling As an ASP Home StagerŪ I know how important curb appeal can be in making that critical first impression when selling your home. However, with the growth of real estate advertising over the web, there is another first impression that you should consider when marketing your property. Log Homes - What is the Log-Home Lifestyle? Typical log home company advertisements in popular log home magazines talk about the "log home lifestyle" or "it's not just a home, it's a lifestyle." What does this mean? What is "the" log home lifestyle?It's often difficult to discuss the particulars of log home living without also talking about where the log home is located. Homebuyer Heaven Can't Possibly Last With interest rates at record lows over the past year, there's really only one way for them to go, the only question is when. Most experts agree that rates will remain fairly stable in the short term, at least until the end of the year, and some believe they will even decrease slightly. Appraisal or Home Inspection? People sometimes confuse a home inspection and an appraisal when they are in the process of buying a home.Most mortgage applications involve an appraisal, which can be a physical inspection of the property plus a written analysis of similar homes that have recently sold in the area. Directionals Move Properties One of the most effective and frequently overlooked methods of filling or selling a property is the use of directional arrow signs. I'm guilty of it myself, although usually I'm merely lazy instead of overlooking this great marketing technique. Make Money With Room Rentals I don't know why I didn't do it sooner, but one day many years ago, I decided to try renting rooms in my home. I was young and single, and had a nice mobile home on small piece of property. Golf and Waterfront Living: Live, Play, Relax With today's planned lifestyle communities, golf and boating enthusiasts have an opportunity to purchase the home of their dreams just a chip shot away from the green or stone's throw from the marina. In addition to an ideal home setting, golf and waterfront community residents enjoy an active and diversified lifestyle experience complete with first-class golf courses, marinas, beaches, spas, clubhouses, recreation areas, fine dining and countless other amenities. Grab Your Dream UK Home On The Cheap - Property Auctions Did you know that every year thousands of UK properties are sold at significantly below market value? The majority of these properties are released through property auctions where regular savings of between 10% to 40% are available to market value. Even so, property auctions continue to be used only by the elite and for the astute buyer/investor this generates a fantastic opportunity to secure a dream home/good investment at bargain basement prices. Selling Your Home Yourself - Pricing It Appropriately When you're selling your own property, whether it's a house, townhouse, condo, apartment, a finished lot, raw land, a farm, a ranch, or whatever, the first thing to get right is the price you ask for it. If you work with a broker, the legwork is done for you. Be A Realtor With Curb Appeal Are you a realtor with curb appeal or are you more of a fixer-upper needful of updating?How you present yourself to colleagues, buyers and sellers, from the very first moment, will influence your sales records as well as the confidence and satisfaction your new clients feel. Even if you're a Realtor in demand, with more listings than hours in a week, you may well find areas that you can polish. Property Investing Secrets 9 Property Investing: Here Are Two Important Tactics You Must Do When Buying Real Estate Off The InternetYou can purchase property off the internet. The off line fundamentals of property investing apply on line. Escrow From a California Homeowners Perspective The Escrow ProcessBoth Buyer and Seller deserve the assurance that no funds or property will change hands until all of the instructions in the Purchase Contract have been satisfied. The Realtor submits Buyers and Sellers signed documents and Buyer's deposit money to be held by an independent neutral third party (Escrow). Estate Agents on the Costa Blanca Spain Properties for sale or to rent on the Costa BlancaAs a general rule of thumb, newly built properties on the Costa Blanca are generally cheaper than existing or re-sale properties - cheaper still if you buy 'off plan' (before the house has been started). Property prices have rocketed here over the last five - ten years and many fortunate people have found that their properties have grown in value enormously even before they had moved in! Even though the market is now leveling out, a property in Spain is still an extremely good investment. Selling Houses: Design Psychology Works! I've taught the concepts of Design Psychology for many years, and I know how much it can empower a person, and allow them to create a fabulous home that sustains their emotions. Since it's based on science, I know that Design Psychology is effective at turning plain spaces into happy places. Should I Invest in Real Estate While Running an Internet Business? Of course you should. I practice this for quite a while and I never looked back. The Sadness of Old Buildings From the book No Smooshing!For years, I've carried on a not-so-friendly debate with some of my artist friends from the West Coast about their ideas of what constitutes a good subject. We seem to be able to agree on certain things, like apples and oranges-and even certain landscapes.
|
| |
| |
|
Home | Guest Book |Site Map | Recommended Resources | Search Powered By: TJTMEDIA |
| © 2006 |
