The Commonwealth Blog

Monday, February 24, 2020

Picking the Perfect Vacation Home

Do you have a favorite vacation spot in the Greater Boston area? If you long to return to the same destination again and again, maybe you've thought of buying a vacation home there. Buying a vacation home can be exciting, but it can also be overwhelming. If you make the right choice, you’ll have a beautiful place to retreat from your normal routine whenever you want to go there. However, if you choose poorly, you could end up with a money pit that you have to try to get rid of without losing your shirt. How do you make the right choice? It will take plenty of planning and research. The challenge is to take the emotion out of the process and evaluate the problem dispassionately and intelligently. If you think buying a vacation home could be for you, here are four important considerations that will help you make the right choice:

What Is Your Perfect Vacation?

The process starts by deciding what your perfect vacation looks like. Do you enjoy relaxing on vacation, or do you prefer to stay busy? Do you prefer the ocean or the mountains? Whatever you like to do when you’re on break, make sure your vacation home is convenient for it.

How Far Is Too Far?

The ideal vacation home should be a fair distance from your everyday home, or it won't feel like a vacation. On the other hand, do you want to sit on a plane for three hours every time you visit? Think about getting a vacation home within driving distance, especially if you plan to bring family and friends with you when you visit.

What About the Rest of the Time?

We aren’t on vacation year-round. What do you plan to do with the house when you aren't there? Some vacation homeowners just leave it empty so it’s always ready for them when they feel like visiting. Others rent their homes to other vacationers, which can be a great source of extra income. If you go this route, you’ll have to consider whether or not to use a property management company.

What About the Future?

Do you plan to keep your vacation home in the long term? Are you thinking of retiring there? Your future needs aren’t urgent, but it’s still important to consider them before you buy.

Owning a vacation home can be a dream if you buy the right one. Use these tips to pick the perfect vacation home for you and your family.


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