Having a second home to spend vacations in throughout the year sounds like an ideal plan for any family that has the means. Owning a home in Connecticut, a state steeped in fascinating history with a beautiful natural landscape, offers the luxury of a perfect extended vacation, with many activities and excursions for the whole family to embark on.
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However, before you can dive into all the fun, it’s important to understand that there are many factors that go into owning a vacation home. Once you have educated yourself on the details of purchasing a second home in Connecticut, and checked out the beautiful waterfront homes for sale in Candlewood Lake real estate listings, you are ready to make a decision.
Buying a vacation home can be a great investment as long as you make an informed buying choice, so before you commit to a purchase, ask yourself the following questions, and use your answers to consider whether purchasing a vacation home in Connecticut is the right step for your family.
Does Your Family Absolutely Love the Location?
It’s essential that you and your family spend time in the area where you choose to buy the vacation home. Avoid getting sucked into the nightmare of committing to a purchase, before knowing the place where you’ll be spending almost every vacation. All the great features and attractions of a town may sound appealing while you’re reading about them on the internet or in vacation brochures, but until you have the first-hand experience of what it’s like to live in the town, you shouldn’t commit to such a large investment beforehand.
Are You Prepared for All the Costs Associated with Owning a Second Home?
Even though you won’t be living in the house all the time, the bills don’t go on vacation. They are there to stay, whether the house is being used or not. Prepare to pay expenses such as electricity, water, gas, and other utilities, as well as services like garbage disposal, lawn care, and house cleaners, if necessary.
Can You Set Aside Some of Your Vacation Costs to Take Care of Maintenance Work?
Most vacation home owners can agree that the first days of their vacation is dedicated to fixing things up around the house and covering maintenance issues to make the home “liveable” again. When you’re not there for months at a time, things might go out, like appliances or plumbing, and you’ll have to get things up and running again to make sure it’s comfortable for the family. Make sure you are able to dedicate a few days or so out of your vacation time to do these repairs. For example, don’t take a week’s vacation if you know three days will have to bespent working around the house.
Owning a vacation home can be a great investment for the family that’s prepared to consider all the other factors involved. Make an informed buying choice before committing to such an investment, and be sure it’s the right choice for you and your family.