Is it time to purchase your vacation home? Yes and No...
Yes it is the time as there are some great deals on vacation homes. Yes it is if you are in a stable job and the current downturn while it affects everybody your income is secure. Yes it is if now was when you were planning on buying. second home ownership is about cash flow can you tie up a certain amount of money every moth to own another property. will you use this vacation home enough to warrant the money you are spending on the months that you will not utilize it? Are you taking a long term approach that a good deal today means a good profit when sold?
No it is not time to buy a vacation home because of your current job being based on the economy. If you are a commissioned sales person that is getting hit by the downturn then it would not make sense for you right now. You want to be able to view the amenities, landscaping, docks, beach etc... in the winter you can't check these parts of a waterfront home which are crucial to your enjoyment AND with shoreline protection rules/regs/laws you will not be able to change the shoreline easily.
A couple of viewpoints on vacation homes. For more information and both sides of every mortgage please contact me via my website at: http://www.new-hampshire-home-mortgage.com
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