Consider these factors when buying a second home
May 5th, 2008 categories: Ruidoso FAQs, Ruidoso real estate
The trend of purchasing a second home has become very popular, not just in mountain resort areas, but with vacation property across the nation, especially with the retirement of baby boomers. When evaluating a second home there are a number of important factors to consider:
- Will the home be for vacation / retirement or purely a financial investment?
- How close will your vacation home be to your primary residence?
- Recreational activities are important to most buyers. Research several areas, & compare cost, before deciding. Golf, skiing, hiking are just a few outdoor pastimes that Ruidoso offers.
- Are you planning to rent out the property? Knowing when and how long it can be rented, vacancy / occupancy rates, & property management fees will factor into the purchase.
For more tips and discussion on buying second homes, visit this recent article on HGTV.com.
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