{"id":5154,"date":"2021-08-13T18:33:44","date_gmt":"2021-08-14T01:33:44","guid":{"rendered":"https:\/\/www.realtyexecutives.com\/blog\/?p=5154"},"modified":"2021-08-13T18:33:46","modified_gmt":"2021-08-14T01:33:46","slug":"how-to-find-your-perfect-vacation-home","status":"publish","type":"post","link":"https:\/\/www.realtyexecutives.com\/blog\/how-to-find-your-perfect-vacation-home","title":{"rendered":"How to Find Your Perfect Vacation Home"},"content":{"rendered":"\n
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As vaccines continue to roll out and a light appears at the end of the pandemic tunnel, many people are giving themselves permission to imagine their post COVID-19 lives. For some, this means planning wonderful vacations and time away. For others, it\u2019s looking for a new spot to call home, even if only for a few weekends a year. Regardless, there\u2019s nothing stopping you from enjoying the getaways<\/a> you have been dreaming about! <\/p>\n\n\n\n

There are few better ways to ensure vacations are accessible on your terms than buying a vacation home. Here\u2019s a look at what you need to know to find the perfect property. <\/p>\n\n\n\n\n\n\n\n

Vacation Home Buying Basics<\/h2>\n\n\n\n

If you\u2019ve bought a home before, you\u2019re likely\nfamiliar with a fair amount of the process you can expect while buying a\nvacation home. However, there are hurdles you will face when buying a home outside\nyour city or neighborhood. First and foremost, a fair amount of your searching\nwill need to happen virtually<\/a>. Unless you have the means to\ntravel for several home viewings, you\u2019ll likely want to collect a list of\npotential properties and schedule one big showing day. Finding a real estate agent<\/a> you can trust to search and\nvet properties on your behalf \u2014 narrowing your list down to viable candidates \u2014\nis an absolute must on the vacation rental search. <\/p>\n\n\n\n

There are several other things that will be\ndifferent when buying a vacation home. For example, the lending process for\nsecond homes is typically far stricter, requiring a higher down payment, a\nbetter credit score, and a lower debt-to-income ratio<\/a>. Reach out to your lender\nbefore you get started to make sure you have a sense of what you can\nrealistically afford, as well as the types of loan options available to you. <\/p>\n\n\n\n

Exploring Funding Options<\/h2>\n\n\n\n

Taking out a second mortgage won\u2019t appeal to\neveryone. Fortunately, there are other options you can use to make buying a\nvacation home affordable. For example, you can find a group of friends or\nfamily members willing to share the cost<\/a> of the vacation home. If you go\nthis route, we recommend that you have a lawyer draw up a formal ownership\nagreement so that things don\u2019t become messy or complicated down the line. <\/p>\n\n\n\n

You can also buy the property with the intent\nto manage it as a vacation rental when you\u2019re not using it. This is a great way\nto fund your endeavor and make some extra income on the side, but it\u2019s also a\nsubstantial undertaking. Marketing, managing, and maintaining a vacation rental\ntakes hard work, and you\u2019ll either need to be able to fund travel to do it\nyourself or pay a local rental manager to handle day-to-day tasks on your\nbehalf. <\/p>\n\n\n\n

Picking Your Location<\/h2>\n\n\n\n

When it comes to picking the perfect place for your vacation home, it all comes down to what kind of vacation you\u2019re drawn to. Do you want a tropical getaway? If so, somewhere beachside and warm is your best bet. How far are you willing to travel? Those looking for a beach within a short plane trip or drive have many options. Consider locations like Tampa or San Diego<\/a>– an excellent choice due to its 70-mile-long stretch of beaches and the perfect opportunity for surfing, exploring sea caves, or simply relaxing on the sand. On the other hand, if you like to ski and hike, you might be best suited to a mountainous destination<\/a> like the Poconos or Banff. Give yourself time to really think about what you want out of a vacation, and what sort of locales are going to offer that experience. <\/p>\n\n\n\n

Even though your home is your sanctuary, you\nmay be craving a change of scenery. Are you ready to expand your homeownership\nhorizons? Start searching for your perfect vacation home and you\u2019ll be that\nmuch closer to whisking yourself away on the trip you\u2019ve been dreaming of!<\/p>\n","protected":false},"excerpt":{"rendered":"

As vaccines continue to roll out and a light appears at the end of the pandemic tunnel, many people are giving themselves permission to imagine their post COVID-19 lives. For some, this means planning wonderful vacations and time away. For others, it\u2019s looking for a new spot to call home, even if only for a … Continue reading How to Find Your Perfect Vacation Home<\/span> →<\/span><\/a><\/p>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mi_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[602,25,419,1124],"tags":[59,1534,492],"yst_prominent_words":[2342,1275,5121,5120,5126,5123,5122,1229,546,2538,4054,2403,1269,1542,1111,5125,1192,2918,5124,5119],"_links":{"self":[{"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/posts\/5154"}],"collection":[{"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/comments?post=5154"}],"version-history":[{"count":1,"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/posts\/5154\/revisions"}],"predecessor-version":[{"id":5156,"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/posts\/5154\/revisions\/5156"}],"wp:attachment":[{"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/media?parent=5154"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/categories?post=5154"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/tags?post=5154"},{"taxonomy":"yst_prominent_words","embeddable":true,"href":"https:\/\/www.realtyexecutives.com\/blog\/wp-json\/wp\/v2\/yst_prominent_words?post=5154"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}