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Q: Is It a Good Time to Buy a Vacation Home?

Monday, October 5, 2020   /   by Kevin Kauffman

Q: Is It a Good Time to Buy a Vacation Home?

Should you buy a vacation or investment home during the pandemic? There are obviously many things to consider when it comes to buying vacation or investment properties; the future is still uncertain. However we can say that interest rates are currently very low, making a purchase like that much more affordable.

When thinking about vacation homes, think through the lens of affordability. What type of loan programs are available to you? How much cash is required for a down payment? Is the cost of this purchase a number you can afford?

"Ultimately, it comes down to your personal situation."

There are also a lot of ways to consider investment properties. You might be after cash flow, future appreciation, rate of return, etc. Think about what you want to get from the property to help you determine whether a particular purchase makes sense for you.

So ultimately, it comes down to your personal situation, which is why we like to sit down with our clients and learn about their personal needs.

If you have any questions or would like more personalized advice to help you make this decision, reach out to us today. We’d love to speak with you about your ideas and provide relevant guidance to help you find what you’re after.

© 2020 Arizona Regional Multiple Listing Service, All rights reserved. The data relating to real estate for sale on this website comes in part from the Arizona Regional Multiple Listing Service. Real estate listings held by brokerage firms other than Kevin Kauffman & Fred Weaver - denvermetrohomesource.com are marked with the Arizona Regional Multiple Listing Service logo and detailed information about them includes the name of the listing brokers. All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Arizona Regional Multiple Listing Service shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. October 22, 2020
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