If your annual trek to the beach or mountains leave you yearning for more than a seasonal rental, you’re not alone. According to the National Association of Realtors’ 2016 Investment and Vacation Home Buyers Survey, around 920,000 vacation homes were sold in 2015, along with an estimated 1.09 million investment homes. Deciding which route you should take to put a permanent stake in your personal happy place means some serious decisions. Here are the top 3 questions you should ask yourself:
Regardless of life stage, the notion of owning a piece of paradise has universal appeal – but a smooth journey to your happy place requires planning, pragmatism and sound financial analysis.