Mistakes on buying a 2nd Home or a Vacation Home - Part 1

Mistakes on buying a 2nd Home or a Vacation Home - Part 1

This is the mistake you should always avoid is "putting the emotion" onto the purchase. When you're purchasing a second home or a vacation home, just consider the need for the vacation. How many times you go to that place, 

that area, or if it's a second home, the same thing. How many times a year you will go to that area. It can be a beautiful area, nice area, but maybe you just go once a year. Is it worth buying a home?

It does not matter how beautiful that particular home is. So you always have to keep the emotion out when you purchasing a second home or a vacation home. When you buy your primary home 99.9% time you're going to use this home. Every single day you're using it. Put your emotion there because you're going to enjoy it, but not in a second home or a vacation home.

You got to see the return on investment. You got to see if the plan changes, what happens? What are you going to do with that property? All those potentials you gotta check, not the emotion. So the mistake you should always avoid is doing that, don't put your emotion when you're buying a second home or vacation home.

Hopefully this will help you when you're considering buying a second home. Give me a call if you have any question on that, I'll be glad to discuss.