Have you thought about owning a second home in the mountains? Have you been day dreaming about cozy winter nights in your cabin in the woods, or splashing around in the river outside your back door?
It is estimated that nearly 10% of homes in the USA are second homes, that percentage goes up in resort towns like McCall. Buying a vacation home is a very big step and for most it is going to be as valuable of an investment as your primary residence.
When thinking about purchasing a vacation home, remember that everything doubles. You will have two mortgages, two property tax bills, water bills, electric bills, etc. Owning two homes also means more maintenance costs. But with all these added expenses and worries, also comes the source of relaxation, a place for your family and friends to gather, a place to recreate, a place to meet new friends, and it can one day be a place to retire to.
The trend of second homeownership is showing signs of growth again. As people age, they are much more active than their parents were. And they continue to seek new sports and adventures. If you are in the market for new adventures and are looking for the perfect vacation retreat. We hope that we can help you get started with these helpful hints.
Location.
Is it Mountain Views, or water views that you most desire? Are you looking to be in the heart of the resort town or on the outskirts with more room to roam? Is your dream home a rustic cabin in the woods, or a condo on the golf course?
How much are you willing to spend?
Prices vary greatly, even in the McCall area. Prices in McCall are higher than they are in Cascade or Donnelly. Check out current mortgage rates to get an idea of what your payments could be. And get in the car and go explore. Spend some weekends in your favorite locations, and get to know the communities a little better.
Find a great real estate agent.
This is the most important step in finding your dream vacation home. A good agent knows their communities. They can help you find the right property for your needs and desires. They can help you with everything from where to obtain boating permits to knowing all the kids programs in town. They can even help you determine rental prices if you want to rent your home out.
Take time.
Don’t rush into buying a second home. Think about your long term plans for the property. Do you wish to retire there one day or is it just a short term investment. Because a trailer on the river may look appealing today but when you staring down spending the rest of your life there it may not look so cool and inviting.
