2 Things You Should Do Before You Buy A Vacation Home

Posted on: 25 March 2015

After sitting in a dingy cubicle day after day staring at a computer screen, you might dream of owning a vacation getaway in a tropical destination. However, before you start scraping together a down payment, it is important to realize that choosing a property carefully is important. Here are two things you should do before you buy a vacation home, and why they might matter to you later:

1: Spend Time In The Property

After spotting the perfect little beach bungalow online, you might be ready to put in an offer and start packing your things. However, things can seem a lot different in real life than they look on that computer screen. Before you invest in any vacation home, travel to the house and spend some time in the property. Here are a few things you might be able to learn more about while you are there:

  • The Neighborhood: During the day, the area around your vacation property might seem completely ideal. However, what happens at night when that local party joint opens up? Staying in your potential property will give you the chance to see how the neighborhood transforms throughout the day.  
  • Proximity To Local Attractions: That neat little town might not seem like a long way away when you look at a map, but how much time will it really take to travel there? When you visit a property, pay attention to how close it is to local attractions, grocery stores, and restaurants. 
  • The Health Of The Property: Although you might feel silly bringing along a screwdriver and a level, take the time to inspect the property. Look for signs of water damage, electrical problems, and plumbing issues. If you notice things that don't seem right, take some pictures and discuss them with a home inspector when you get back home. Understanding the structural integrity of the home might save you from purchasing a project or help you to drive down the sales price.  

If you really want to do your homework, try to stay at your potential property several times throughout the year. Vacation destinations can change significantly in the off-season, which could alter your decision. Visiting several times might also give you the chance to make a few friends, so that you feel right at home. 

2: Talk With Local Service Providers

When you imagine staying at your vacation property, what type of first-world comforts do you assume will be there? Believe it or not, some goods and services are more difficult to come by in rural destinations, which could cramp your style. Before you purchase a vacation home, contact local service providers to see what your options are. Here are a few things you might want to check out before you make an offer:

  • Internet: Although it might be easy to take that 50 MB Internet connection for granted, one study found that 19% of rural residents didn't have standard broadband Internet access in their area. If you are planning on working during your vacation or staying connected with friends, make sure that you understand what your Internet options will be in your new city.   
  • Property Management: Unless you are planning on living at your vacation home year-round, it might be hard to keep your place in tip-top shape. Fortunately, property management companies can take care of landscaping and routine maintenance for you. If you plan on renting your house out for part of the year, property management teams can even oversee rental paperwork and screen potential tenants.

By doing your due diligence and thinking about the future, you might be able to find a vacation property that is easy to maintain, a breeze to rent, and that you will love for years to come. For more information, contact a company like Preview Stay.