Buying a Vacation Home or Condo

Tips for Buying Your Incline Village Vacation Home

Getting ready to make your dream vacation home purchase in Incline Village? Here are a few things to consider while making your vacation home plans:

Know where your finances are. Don't stretch your savings to make it happen. If numbers are tight, start planning now for the future.
Make plans to rent out your vacation home to help earn back some of its cost, but never rely solely on rental income to make your mortgage payment. Consider that your home will be vacant approximately 25% of the time.
Set your rent at around 15% higher than your payment to help cover costs of maintenance, repair and property management.
Research the location, price trends and housing market values of the area you're considering. Let Incline at Tahoe Realty help you determine these statistics.
Look at your family's vacation calendar and remember that peak rental season may conflict with your own vacation plans -- usually midsummer and Christmas. Plan your vacations accordingly.

Begin your vacation plans now to buy at the best time and the best place in Incline Village for your family's vacation future.