As the temperatures rise, you and your friends may want to make your dream of having a vacation home in Prescott, Pinetop or Flagstaff a reality. Did you know that we know EXCELLENT Keller Williams Realty agents in all of these cool locations? Prescott even has 2 Keller Williams offices to serve you. Call us and we will introduce you to the best agents in these offices.
Here are some tips for buying a vacation home:
1.Stay within your budget. Be sure to keep in mind the mortgage payment, the insurance, the taxes, the assessments, the maintenance and a caretaker to watch over the place when you are gone.
2. Determine the frequency of use. Make sure the location is practical for your lifestyle. Want to share the place with your children and grandchildren? Consider where they live as well. No one wants to spend their vacation driving a long distance.
3. Pick the right location. Pick a locale that matches your interest. Like to golf? Visit wineries? Ski? Beaches? Casinos?
4. Understand the upkeep. A big lawn means mowing. A big house means cleaning. You don't want to spend your weekends working.
5. Research rental potential. If you plan on renting your vacation home, find out if the HOA allows rentals , children and pets. Research the costs of having a rental service or property manager. Is the place winterized?
6. Think about resale and changing needs. If the market changes, is the house or condo desirable for resale. It may be worth the extra money to invest in the 3 bedroom vs. 2 bedroom house.
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