Are you looking to purchase a vacation home but don’t know where to start? Many people approach purchasing a vacation home like buying their primary residence. However, purchasing a vacation home can be quite a different experience. If you want to take the plunge and finally buy your dream vacation home but not sure what you need to know before you even start, here are five tips to help you buy your next home away from home
1) There’s ZERO Cost to the Buyer to Hire a Realtor!
As you start your search for your next vacation home, you might think it will be easier and less expensive than hiring a realtor to do all the leg work for you. That’s simply not true. There is no cost to the buyer to hire a real estate agent as our fee comes directly from the seller’s closing costs. Having a knowledgeable realtor who will work for you to get the best home at the best price and will help you sort through all the paperwork is really invaluable. Luckily we come at no additional charge to the overall cost of your new home.
2) International Buyers Can Get Financing
You may think that if you want to buy a home in the United States you’ll have to pay cash. If this is scaring you off from buying your dream vacation home, don’t worry. Many international buyers are able to get financing from American banks for vacation homes in the US. If you are interested in learning more, just contact us and we’ll talk you through it all.
3) The Market in Central Florida is Booming for Vacation Homes
There’s a new economy brewing thanks to services like AirBNB.com and FRBO.com it’s easier now more than ever to rent your home to excited vacation guests. Many visitors now are looking for vacation homes to rent while on vacation instead of the traditional hotel or resort. When you’re considering purchasing a vacation home for yourself, remember there may be options for the home when you’re not around.
4) Supersize Houses Rent Better
When purchasing a primary home, a 3-4 bedroom house is perfectly ideal for most families. Many people think that this applies to the vacation home market too. However, if you are buying a vacation home as an investment property and plan on renting it out when you’re not using the home, houses with eight bedrooms or more may actually be a better purchase. Many families want supersize homes when they look for a place to stay on vacation because multiple generations from multiple households may want to stay in one place when they vacation (think: grandparents, aunt, uncles, cousins, etc).
5) You Don’t Have to Manage the Property Yourself
The thought of managing your home from thousands of miles away can seem quite daunting. There are many services you’ll need like lawn, pool, and a cleaning service. Even more there’s a lot that goes along with actually renting out your home to guests when you aren’t even in the same country they’re staying in. Luckily, Viva Orlando can be that one stop shop for you. If you buy a vacation home as an investment property but don’t want to manage all the extra work that comes along with making it available as a rental property, Viva Orlando can help take care of all that for you too from helping you with the buying process, to managing the home (with the help of our sister company Casa Floridian), and even to selling the property years from now when you’re ready to move on—we’re here to help you with all your needs when it comes to buying and owning a vacation home property!
Milena Valle – Milena@vivaorlando.com – 407.922.4620