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7 Things to Consider When You Purchase a Vacation Home

Now that the housing market has picked up a lot of steam across much of the country, quite a few people have been hunting for a second home. This can be an attractive option, and a great investment.

However, it can also become a stressful money pit if you aren’t careful. You should be prepared to look for certain things before you purchase a second or vacation home.

buying a vacation home

1. Avoid impulse buying

Just because you had a great vacation in a beautiful area doesn’t mean you should come back for the keys to a house. Purchasing a second home should be a carefully planned decision during which you perform research, get your finances in order, and search carefully for a home that meets your precise needs.