Escape to Your Vacation Home in Paradise

Physician's Money Digest, November 2005, Volume 12, Issue 15

If you find yourself traveling to yourfavorite getaway over and over again, whynot consider purchasing a home there?Buying a second home in a place you loveis a great investment that makes a lot ofsense. Of course, you should not spend yourdays hunting for a house during your vacation.If you research before you leave foryour trip, your plan to buy a home in yourvacation haven will go much more smoothly,according to a Bankrate.com article.Bankrate.com also suggests that you knowexactly what you'll be using the home forbefore you purchase it—vacationing,investment, retirement, etc. You probablyshouldn't buy a place if you're not able tovisit there very often, unless you want torent it when not in use. Be sure to workwith a local real estate agent, since they'llknow the market better than you.