Own A Vacation Getaway
Who hasn't had dreams of owning a vacation home?
Lazing the day away in your dream getaway need not be a dream. For many, the dream is becoming a reality. As the baby boomers reach retirement age, the demand for vacation homes continues to surge. In the technology age, more and more people are simply a traveling office, or more in need of a break from the rigors of daily life.
Why Own?
As with any investment, there are risks involved, but if approached wisely, owning your weekend getaway can be a fun and lucrative addition to your long- term retirement portfolio. Consider these reasons:
l A family getaway will create priceless memories and you'll take more vacations!
l Renting your home will cover many costs and enhance your tax deductions.
l Real Estate is historically a lucrative long-term investment.
l What a way to relieve stressâ?¦.get away often!
l Healthy lifestyle. Most vacation homes are located in resort destinations which promote good health through leisure activities such as golf, swimming, tennis, skiing and many more!
l Because you can!
Where Should I Buy?
For most, a favorite spot to enjoy those lazy days is within a reasonable driving distance. Far enough from the stress and strain of urban civilization, but close enough to recharge the batteries for a weekend. Beach, desert and mountain resorts are prime locations to buy since they offer the most potential for rentals during peak seasons. Finding a desirable home should not only be within a price range that you are comfortable with, but a place you truly enjoy. Remember, you'll be making many happy memories there!
How Do I Buy a Vacation Home?
It is often said "the rich get richer, and the poor get poorer". The truth behind this statement is simply that the 'rich' get started in Real Estate. The rewards can be generous in more than just dollars, but happiness, self confidence and the power to create your own destiny. For many, wealth is not found in stocks, bonds or savings accounts. It is found in Real Estate, and more importantly, learning how to leverage money for your own benefit. Over the past several years, many creative financing programs have become available, to most borrowers, enabling you to finance the dream. Premium financing generally requires a down payment of 10% or more of the purchase price. There are some creative programs that require no down payment, but the terms are generally not quite as lucrative. It is recommended that you consult a financial professional experienced in the purchase of second homes, such as the one referred on this page.
For More Information on Buying a vacation home, contact our Sr. Loan Specialist at (800) 552-0237 or via email at loans@checkthisplaceout.com.
