Purchasing a Vacation Home

Is Buying a Second Home a Great Investment or Merely a Money Pit?

© L. Marie Dubuque

Is a vacation home in your future?, stockxpert

Buying a weekend house or condo may be a sound investment, or a money-losing maintenance headache. Find out if you should buy or rent vacation property.

You’ve spent summers at the lake for years. You’ve poured a lot of money into rent, week after week. Now that real estate prices are down, could this be the time to buy that second home? Maybe. But ask yourself these questions before you sign on the dotted line:

If, after addressing these issues you still want to buy that dream vacation home, remember buyers are in the driver's seat. Don’t be afraid to make a low offer, and don’t get emotionally involved. As the saying goes… there are more fish in the sea, and there are also more homes on the beach.

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The copyright of the article Purchasing a Vacation Home in Buying/Selling a Home is owned by L. Marie Dubuque. Permission to republish Purchasing a Vacation Home must be granted by the author in writing.


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