BUYING A VACATION HOME OR PROPERTY? Here are some tips...
Your practical side will be most interested in the variables that will even make this possible. When taking on a property that will be supplemental to your primary residence, your first steps will be to determine the financial possibilities. Along with the purchase price and potential mortgage, it’s necessary to consider property taxes and maintenance. If there are limitations, would it make sense to lease? Regardless of how it is financed, you should also consider how often you personally will be using the property, and whether or not you will allow others to rent the property when you’re not there.
Being that this is intended to be your escape, your rental property is going to be somewhere out of town. The real question is, how far exactly are you going to be going. A good place to start would be to become familiar with your cities surroundings, and what they have to offer. Something as simple as pulling up and navigating Google Maps, can give you a good sense of what is around. Furthermore, going on the fabled Sunday drive, and exploring areas that you are interested in is a great way to get the feel of an area.
Narrow it Down
Take a personal inventory of what you’d like to either gain or experience from your property. For instance, what are the types of activities you wish to engage in? Is it an outdoor endeavor like fishing or hunting? Or would you prefer a lake lot in a summer village? These types of questions will help you to determine the type of property that’s right for you. Your desired proximity to others, activities, and amenities will need to be considered for you to get the most enjoyment out of your investment. Additionally, think carefully about the home or structure you wish to purchase. Are you looking for something to renovate, and make your own? Or are you in the market for something as low maintenance and turnkey as possible?
Feel it Out
If you’ve got a location or destination in mind, consider doing a soft-launch into the area by way of spending time there. See if there are any vacation rentals or camping opportunities in the area, for a chance to try before you buy. This way, you’ll have a greater sense of what you’re getting into, before you make a commitment.
Work with a Realtor
At this point you should have a general sense of what you’re looking for, where you’re looking for it, and what your finances will permit. Most Realtors can take your property criteria and budget, and create an automated search, keeping you updated as soon as a possible match becomes available on the market. You can also leverage a Realtor to obtain information and schedule showings on your behalf.
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Author:Caleigh Pagnucco Phone: 780-265-3997 Dated: January 12th 2018 Views: 180 About Caleigh: ...
at KENNEDY Real Estate We bring “Local Experience” back to the Edmonton real estate market. Every community in Edmonton and surrounding cities has its own personal flavor and energy: it’s as important to understand the lifestyle opportunities each Edmonton community caters to while also shopping attributes of individual homes for sale.
We focus on being your Area and Lifestyle Specialists to better serve the needs of our clients on an individual basis in a unique way. Just as every Edmonton neighbourhood is different, so too are the homes within it. We customize and promote all of our Edmonton and area listings to reflect the individual attributes, special features, and character of each particular property we list.
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"How fast did your agent respond to your questions: 5 out of 5
How well did your agent use technology: 5 out of 5
How helpful was the support staff: 4 out of 5
How good was the auxiliary services we recommended: 5 out of 5
How did the closing go: 5 out of 5
How close did we meet your expectations: 5 out of 5
How likely are you to recommend us: 5 out of 5
Services used: Buy
Your most memorable moment
The first home we looked at, her shoe got stuck in some soft ground and both feet popped out of her shoes. We all had a really good laugh. Christy and David knew each other from 25 years ago and we wouldn't have wanted anyone else to be our agent.
The moment you'd rather forget?
She would probabaly say the shoe incident. We don't have any moments that we would want to forget.
We would highly recommend Christy. She helped with each stage of the process and explained the hundreds of questions we had and gave awesome referrals for other needed agents. She was professional and never made us feel like we were a bother when we had so many questions. We felt like the new kids on the block, but she showed us the one direction to go and we were totally nsync with that"