If you re looking for an investment property or particularly fond of an area, the move makes sense. How many times have you visited the same house in the same region every year and said, If only we had a home here?
With mortgage rates still low, serious buyers could very well seize the vacation home of their dreams. As with any purchase, it s crucial mexico rental car to take a sober look at the finances, determine needs versus wants and define the ultimate use of the property.
Will it be a retirement home or a source of rental income? If the latter, study the going rates in the area. The Bridgton vacation rental pictured lists for $2,100 a week, for example. Could you price yours for a similar rate and still have enough to cover your primary mortgage?
Valerie Moloney is your resident blogger and the Expansion Markets Editor for Citysearch.com, who oddly enough, feels panicked when asked, "What's the best place to eat in Chicago?" or her favorite, "It's my birthday. Where should we go with a party of six?" No stranger to travel--and traveling with kids--she is a young mom who ODs on the Internet when it comes to planning family trips or buying clothes. Here's hoping she finds you the vacation you deserve.
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