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<\/p>\nBY ANNA & MICHELLE<\/p>\n
Summer is officially here and that means it\u2019s the perfect time to start planning where you want to vacation and unwind this season. If you\u2019re excited about getting away and having some fun in the sun, it might make sense to consider if\u00a0owning\u00a0your own vacation home is right for you.<\/p>\n
An\u00a0Ameriprise Financial\u00a0survey<\/i> sheds light on why people buy a second, or vacation, home (see below):\u00a0<\/i><\/p>\n
<\/p>\n
Vacation destination or a place to get away from the stresses of everyday life (81%)<\/b>\u00a0\u2013 Having a second home to use as a vacation spot can be a special place where you go to relax and take a break from your daily routines and stressors. It also means you won\u2019t have\u00a0to worry\u00a0about finding somewhere to stay when you go there.<\/p>\n
Better weather (49%)<\/b>\u00a0\u2013 Buying in a place where there may be nicer weather can be a great escape, especially if it\u2019s cold or rainy where you usually live. It lets you enjoy sunny days and warm temperatures, even when it\u2019s not so nice back home.<\/p>\n
Rental income (41%)<\/b>\u00a0\u2013 You can rent it out to other people when you\u2019re not using it, which can help you make some extra money.<\/p>\n
Primary residence in the future (33%)<\/b>\u00a0\u2013 You can eventually move into the home full-time\u00a0during retirement. That means you can enjoy vacations there now and have a getaway ready for your future.<\/p>\n
Having a venue for gatherings with family and friends (25%)\u00a0<\/b>\u2013 It would be a special spot where you can have parties, regular family trips, and create fun memories.<\/p>\n
Ways To Buy Your Vacation Home<\/b><\/p>\n
And you don\u2019t have to be wealthy to buy a vacation home.\u00a0Bankrate<\/i>\u00a0shares two tips for how to make this dream more achievable for anyone who\u2019s interested:<\/p>\n
Buy with loved ones or friends:<\/b>\u00a0If you\u2019re okay with sharing the vacation home, you can go in on the purchase price\u00a0together\u00a0and pool your resources to make it more affordable.<\/p>\n
Put a savings plan in place:<\/b>\u00a0This will require patience and persistence but consider adding a vacation home savings plan to\u00a0your budget\u00a0and contributing to it monthly.<\/p>\n
Finding Your Dream Spot with a Little Help from an Agent<\/b><\/p>\n
If the idea of basking in the sun at your very own vacation home sounds appealing, you might want to start looking now. Summer\u2019s when everyone\u2019s trying to buy their slice of paradise, so it\u2019s best to start early.<\/p>\n
Your first move is to team up with a\u00a0real estate agent. They know all the ins and outs of the area you want to be in, and which homes you should look at. Plus, they can give you the lowdown on everything you need to know about having a second home and how it can benefit you. The same article from\u00a0Bankrate<\/i>\u00a0says:<\/p>\n
\u201cBuying real estate in a new area \u2014 or even one you\u2019ve vacationed in for many years \u2014 requires expert guidance.\u00a0<\/i><\/b>That makes it a good idea to work with an experienced local lender who specializes in loans for vacation homes and a local real estate professional. Local lenders and Realtors will understand the required rules and specifics for the area you are buying, and a local Realtor will know what properties are available.\u201d<\/i><\/p>\n
Bottom Line<\/b><\/p>\n
If the idea of owning your own vacation home appeals to you,\u00a0let\u2019s chat.<\/p>\n
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BY ANNA & MICHELLE Summer is officially here and that means it\u2019s the perfect time to start planning where you want to vacation and unwind this season. If you\u2019re excited about getting away and having some fun in the sun, it might make sense to consider if\u00a0owning\u00a0your own vacation home is right for you. An\u00a0Ameriprise […]<\/p>\n","protected":false},"author":1,"featured_media":21106,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"tdm_status":"","tdm_grid_status":"","_pvb_checkbox_block_on_post":false,"footnotes":""},"categories":[64,38],"tags":[],"class_list":["post-21105","post","type-post","status-publish","format-standard","has-post-thumbnail","category-better-homeowners-news","category-sponsored"],"_links":{"self":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts\/21105","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/comments?post=21105"}],"version-history":[{"count":2,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts\/21105\/revisions"}],"predecessor-version":[{"id":21124,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/posts\/21105\/revisions\/21124"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/media\/21106"}],"wp:attachment":[{"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/media?parent=21105"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/categories?post=21105"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/woodriverweekly.com\/index.php\/wp-json\/wp\/v2\/tags?post=21105"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}