Choosing a vacation home for you and your family is a great idea to escape from your busy schedule. Finding the ideal vacation home is easier than you think. Below are the 3 factors to consider when choosing your new vacation home.
Choosing a Vacation Home
Choosing a vacation home can take a bit of research and planning, but if you take your time and do it right, you’ll have the perfect getaway location to use as you please.
Hiring the right agent to help is important. Your agent should be familiar with the area and be able to guide you appropriately to what fits you best. At the Moya Group, we specialize in Arlington and can help you find exactly what you’re looking for. Click here to contact us.
Stick to Your Budget
Before deciding to invest, you should determine first what will be your working budget. Identify first how much you are comfortable spending vs. what your lender is willing to lend. After determining your budget, you can look into vacation homes in that range.
Considering the cost of repairs is important. Conducting a home inspection upfront will help budgeting monthly expenses much easier. You’ll know what needs to be addressed immediately and what can wait.
Location, Location, and Location
For years and years, the maxim in real estate has always been “location, location, location”. While it is true that location is important, understanding your location within your location is also important.
What’s the neighborhood like? What are the demographics? How close are you to the things you love to do? All of these are important questions to ask.
Again, a local area expert is very helpful here.
Home Condition vs Location
The amenities of the home, and to some extent the condition, are important. That said, what if the house in the location you want isn’t exactly what you want? Are you willing to sacrifice the home’s condition for the right view or location?
Considering the sparse inventory levels nationwide, it’s a great question to consider. You may find a home that is in the ideal location but isn’t quite what you want. It’s close but not quite there. Are you willing to make it your own or do you wait for something else to come up?
If you’re on a timeline to get the purchase done, waiting may not be an option. Just something to think about.
Are you thinking about buying or selling a home in the Arlington area? With an experienced agent, it isn’t a complicated process. At the Moya Group, buying or selling, we can help you get to where you want to go. First time home buyers, move up or second homes. You name it, we do it…professionally. Please click here for our contact page. Thanks!