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.
