{"id":2860,"date":"2016-07-31T11:11:34","date_gmt":"2016-07-31T18:11:34","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=2860"},"modified":"2016-07-29T15:38:25","modified_gmt":"2016-07-29T22:38:25","slug":"owning-a-vacation-home-questions-to-ask-before-you-buy","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2016\/07\/owning-a-vacation-home-questions-to-ask-before-you-buy\/","title":{"rendered":"Owning a Vacation Home : Questions to Ask Before You Buy"},"content":{"rendered":"<p style=\"text-align: justify;\">Buying a vacation home can be a great way to spend time with family and friends. It\u2019s also a major financial decision that can have a big impact on your everyday life. Here are a few things to consider before starting your vacation home search.<\/p>\n<p style=\"text-align: justify;\">A vacation home can be a smart investment. Not only is it a place where you can kick back and spend time with friends and family, it serves as a place where you can go to relax without having to worry about renting out someone else\u2019s property. However, before you decide to purchase a vacation home, there are several questions that you need to ask yourself. If you\u2019re unsure about your answers, then you might want to consider waiting before making your purchase.<\/p>\n<p style=\"text-align: justify;\"><strong>Where should you purchase your property?<\/strong> Deciding on the location of a vacation property is a crucial first step to the process. Make sure that it\u2019s in a place that you\u2019ll actually be able to visit more than a few days each year. It\u2019s also important to consider how easy it is to get to the property. If it\u2019s a challenge to get there, you\u2019re less likely to visit frequently, but you\u2019ll still be responsible for mortgage payments and upkeep. Choose the site carefully.<\/p>\n<p style=\"text-align: justify;\"><strong>How often will you be able to visit?<\/strong> Vacation homes can quickly turn from good ideas to wastes of money if you\u2019re never able to actually visit. If you\u2019re considering buying a vacation property, ask yourself how often you\u2019ll be able to enjoy it. If it\u2019s not a place you\u2019ll be able to spend a lot of time in, consider renting a place when you\u2019re in town until you\u2019re able to make more of a commitment.<\/p>\n<p style=\"text-align: justify;\"><strong>How will you keep the property safe when you aren\u2019t in town?<\/strong> Properties that are vacant for long periods of time are excellent targets for thieves. How will you ensure that no one will break in and steal things from the home or damage the property when you\u2019re away? Sometimes a sign and alarm can do the trick, but if it doesn\u2019t, you should have a backup plan to make sure that the right action is taken as quickly as possible in the event of a break in.<\/p>\n<p style=\"text-align: justify;\"><strong>What will you do with the property when you aren\u2019t in town?<\/strong> Renting out vacation homes is a popular option for owners, but it\u2019s important to check the area\u2019s rules and regulations if you plan to generate income from your property. The laws are changing, and more places are starting to ban people from listing their homes on sites like Airbnb and VRBO. If you aren\u2019t able to rent it out, make sure that you have a backup plan for the property.<\/p>\n<p style=\"text-align: justify;\"><strong>Who is going to be responsible for maintaining the property?<\/strong> Homes need to be properly maintained year round, and if you aren\u2019t going to be in town a majority of the time, you need to find someone who can handle that for you. You\u2019ll also need someone who can address emergency situations like storms, leaks, and other property damage.<\/p>\n<p style=\"text-align: justify;\"><strong>Is buying a vacation home financially responsible<\/strong>? Some people purchase vacation homes with the intention of renting them out so that the mortgage pays for itself, but if they aren\u2019t able to rent it out as often as they\u2019d like, it\u2019s important that they\u2019re in a position to cover the mortgages for their primary and secondary residences. Even if you can cover both, be sure to leave room for surprises. It\u2019s not worth it to have a vacation home if you don\u2019t have enough money to enjoy it.<\/p>\n<p style=\"text-align: justify;\">Ask yourself these questions and then make the right choice based on your answers. If you\u2019re still unsure whether a vacation home is right for you, consider speaking with a lender or real estate agent to discuss your options.<\/p>\n<p><a href=\"http:\/\/blog.coldwellbanker.com\/owning-a-vacation-home-questions-to-ask-before-you-buy\/\" target=\"_blank\">Owning a Vacation Home : Questions to Ask Before You Buy<\/a> by Tammy Oakley | Coldwell Banker Blue Matter<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Buying a vacation home can be a great way to spend time with family and friends. It\u2019s also a major financial decision that can have a big impact on your &hellip; [<a href=\"https:\/\/www.roryc.ca\/blog\/2016\/07\/owning-a-vacation-home-questions-to-ask-before-you-buy\/\">read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[13],"tags":[],"class_list":["post-2860","post","type-post","status-publish","format-standard","hentry","category-real-estate"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Owning a Vacation Home : Questions to Ask Before You Buy &#8226; Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2016\/07\/owning-a-vacation-home-questions-to-ask-before-you-buy\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Owning a Vacation Home : Questions to Ask Before You Buy &#8226; Rory C Real Estate | Oakwyn Realty\" \/>\n<meta name=\"twitter:description\" content=\"Buying a vacation home can be a great way to spend time with family and friends. It\u2019s also a major financial decision that can have a big impact on your &hellip; [read more]\" \/>\n<meta name=\"twitter:creator\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:site\" content=\"@RoryClipsham\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Rory Clipsham\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/07\\\/owning-a-vacation-home-questions-to-ask-before-you-buy\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/07\\\/owning-a-vacation-home-questions-to-ask-before-you-buy\\\/\"},\"author\":{\"name\":\"Rory Clipsham\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"headline\":\"Owning a Vacation Home : Questions to Ask Before You Buy\",\"datePublished\":\"2016-07-31T18:11:34+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/07\\\/owning-a-vacation-home-questions-to-ask-before-you-buy\\\/\"},\"wordCount\":703,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"articleSection\":[\"Real Estate\"],\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/07\\\/owning-a-vacation-home-questions-to-ask-before-you-buy\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/07\\\/owning-a-vacation-home-questions-to-ask-before-you-buy\\\/\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/07\\\/owning-a-vacation-home-questions-to-ask-before-you-buy\\\/\",\"name\":\"Owning a Vacation Home : Questions to Ask Before You Buy &#8226; Rory C Real Estate | Oakwyn Realty\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\"},\"datePublished\":\"2016-07-31T18:11:34+00:00\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/07\\\/owning-a-vacation-home-questions-to-ask-before-you-buy\\\/#breadcrumb\"},\"inLanguage\":\"en-CA\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/07\\\/owning-a-vacation-home-questions-to-ask-before-you-buy\\\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/2016\\\/07\\\/owning-a-vacation-home-questions-to-ask-before-you-buy\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Owning a Vacation Home : Questions to Ask Before You Buy\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#website\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/\",\"name\":\"Rory C Real Estate | Oakwyn Realty\",\"description\":\"Rory C Real Estate Updates | Home Selling &amp; Buying\",\"publisher\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-CA\"},{\"@type\":[\"Person\",\"Organization\"],\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/#\\\/schema\\\/person\\\/0672b9777e67473b9bd9247df49499c7\",\"name\":\"Rory Clipsham\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-CA\",\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"url\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"contentUrl\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\",\"width\":504,\"height\":504,\"caption\":\"Rory Clipsham\"},\"logo\":{\"@id\":\"https:\\\/\\\/www.roryc.ca\\\/blog\\\/wp-content\\\/uploads\\\/2019\\\/10\\\/RoryC-white-w-tagline.jpg\"},\"sameAs\":[\"http:\\\/\\\/www.roryc.ca\\\/\",\"https:\\\/\\\/www.facebook.com\\\/pg\\\/BurnabyandCoquitlamHomes\\\/about\\\/?ref=page_internal\",\"https:\\\/\\\/www.instagram.com\\\/roryclipshamhomes\\\/\",\"https:\\\/\\\/x.com\\\/RoryClipsham\"]}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Owning a Vacation Home : Questions to Ask Before You Buy &#8226; Rory C Real Estate | Oakwyn Realty","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.roryc.ca\/blog\/2016\/07\/owning-a-vacation-home-questions-to-ask-before-you-buy\/","twitter_card":"summary_large_image","twitter_title":"Owning a Vacation Home : Questions to Ask Before You Buy &#8226; Rory C Real Estate | Oakwyn Realty","twitter_description":"Buying a vacation home can be a great way to spend time with family and friends. It\u2019s also a major financial decision that can have a big impact on your &hellip; [read more]","twitter_creator":"@RoryClipsham","twitter_site":"@RoryClipsham","twitter_misc":{"Written by":"Rory Clipsham","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.roryc.ca\/blog\/2016\/07\/owning-a-vacation-home-questions-to-ask-before-you-buy\/#article","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/2016\/07\/owning-a-vacation-home-questions-to-ask-before-you-buy\/"},"author":{"name":"Rory Clipsham","@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"headline":"Owning a Vacation Home : Questions to Ask Before You Buy","datePublished":"2016-07-31T18:11:34+00:00","mainEntityOfPage":{"@id":"https:\/\/www.roryc.ca\/blog\/2016\/07\/owning-a-vacation-home-questions-to-ask-before-you-buy\/"},"wordCount":703,"commentCount":0,"publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"articleSection":["Real Estate"],"inLanguage":"en-CA","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.roryc.ca\/blog\/2016\/07\/owning-a-vacation-home-questions-to-ask-before-you-buy\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.roryc.ca\/blog\/2016\/07\/owning-a-vacation-home-questions-to-ask-before-you-buy\/","url":"https:\/\/www.roryc.ca\/blog\/2016\/07\/owning-a-vacation-home-questions-to-ask-before-you-buy\/","name":"Owning a Vacation Home : Questions to Ask Before You Buy &#8226; Rory C Real Estate | Oakwyn Realty","isPartOf":{"@id":"https:\/\/www.roryc.ca\/blog\/#website"},"datePublished":"2016-07-31T18:11:34+00:00","breadcrumb":{"@id":"https:\/\/www.roryc.ca\/blog\/2016\/07\/owning-a-vacation-home-questions-to-ask-before-you-buy\/#breadcrumb"},"inLanguage":"en-CA","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.roryc.ca\/blog\/2016\/07\/owning-a-vacation-home-questions-to-ask-before-you-buy\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/www.roryc.ca\/blog\/2016\/07\/owning-a-vacation-home-questions-to-ask-before-you-buy\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.roryc.ca\/blog\/"},{"@type":"ListItem","position":2,"name":"Owning a Vacation Home : Questions to Ask Before You Buy"}]},{"@type":"WebSite","@id":"https:\/\/www.roryc.ca\/blog\/#website","url":"https:\/\/www.roryc.ca\/blog\/","name":"Rory C Real Estate | Oakwyn Realty","description":"Rory C Real Estate Updates | Home Selling &amp; Buying","publisher":{"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.roryc.ca\/blog\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-CA"},{"@type":["Person","Organization"],"@id":"https:\/\/www.roryc.ca\/blog\/#\/schema\/person\/0672b9777e67473b9bd9247df49499c7","name":"Rory Clipsham","image":{"@type":"ImageObject","inLanguage":"en-CA","@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","url":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","contentUrl":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg","width":504,"height":504,"caption":"Rory Clipsham"},"logo":{"@id":"https:\/\/www.roryc.ca\/blog\/wp-content\/uploads\/2019\/10\/RoryC-white-w-tagline.jpg"},"sameAs":["http:\/\/www.roryc.ca\/","https:\/\/www.facebook.com\/pg\/BurnabyandCoquitlamHomes\/about\/?ref=page_internal","https:\/\/www.instagram.com\/roryclipshamhomes\/","https:\/\/x.com\/RoryClipsham"]}]}},"_links":{"self":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/2860","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/comments?post=2860"}],"version-history":[{"count":2,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/2860\/revisions"}],"predecessor-version":[{"id":2862,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/posts\/2860\/revisions\/2862"}],"wp:attachment":[{"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/media?parent=2860"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/categories?post=2860"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.roryc.ca\/blog\/wp-json\/wp\/v2\/tags?post=2860"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}