"Dream Vacation Home"
A vacation home can be a great opportunity for families to have a place they can escape their usual residence during the less pleasurable times of year and spend time in a more relaxing atmosphere.
People buy a second home for many reasons, including finding that perfect spot for a family vacation, investing in a rental property or possibly a flip and looking to the future of retirement.
Just like buying any other home, there are many factors to consider when looking at purchasing a vacation home.
- How often?
Consider whether you will occupy your vacation home as a second home exclusively or if you plan to rent it out to others, when you’re away.
- Will I save?
Depending on the amount you spend on accommodations, owning a vacation home may be less expensive in the long run. You may decide to rent your property out while you’re away, which could generate additional income.
- Tax saving?
Potential property appreciation. A vacation home may be a good long-term asset to hold as homes can increase in value.
- Location, Location, Location
Location is as important as appearance or size.
- Homes with a View
- Near Entertainment and Shopping
- Near Public Transportation
- Health Care and Jobs
- Particular school district
- Day-care facility
- Needs vs. wants
Consider desired features and amenities of your new home.How many bedrooms and bath, view, pool, prime locations and more.
Separate “wants” from “needs” and prioritize your list.
- Types of homes
A single-family home is just one of your options.Condominiums, town homes, and co-ops all offer different lifestyle and ownership features. Be sure you budget for monthly fees similar services charged by these communities.
Consider newly built homes in addition to existing homes.
If you're looking for modern amenities such as top-of-the-line kitchen appliances, a new home will have more of the features you desire.
It will most likely be cheaper for you to purchase a new home that has these features rather than try to add them to an existing home.
Coldwell Banker Pacific Properties has prided itself on being at the forefront of exceeding our clients' expectations when it comes to selling or buying Oahu resort homes.
Contact: Neaulani Kuamo’o-Peck (RA) SRES,CLS if you are interested in buying Oahu investment property or your next Home. Please call Neaulani at 808-358-9700 or stop by for a visit at our Kapolei Commons Shopping Center location.
