Sarah Schachterle - HERLIFE Magazine
Sarah Schachterle - HERLIFE Magazine
Sarah Schachterle - HERLIFE Magazine
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into the decision to buy a home away from home.<br />
One of the first things to consider when making the<br />
decision to purchase a vacation home is location. More than<br />
likely you have fallen in love with the location already, but how<br />
much do you really love the location? Do you love it enough<br />
to spend the majority of your future vacations there, foregoing<br />
other vacation destinations to spend time where your vacation<br />
home is? Most often, people who invest in a vacation home tend<br />
to do so knowing they are committing to that location for future<br />
vacations.<br />
Next, one should think about the practicality of choosing<br />
a vacation home in a particular location. For a good return on<br />
the amount you would be investing in a vacation home, there<br />
needs to be a certainty surrounding how realistic it will be for<br />
your family to travel there on a regular basis. If traveling there<br />
means a two day drive or a lot of money in airfare, it may be<br />
wiser to invest in a property closer to home.<br />
One of the first things to<br />
consider when making<br />
the decision to purchase<br />
a vacation home is location.<br />
A vacation home is a serious investment, often times<br />
with a large chunk of money involved. Considering that most<br />
vacation homes are only used for a partial portion of the year,<br />
it would be wise to look into what you will be doing with your<br />
home during the off times when you are away. Is the home you<br />
love in an area that welcomes renters? Would you be comfortable<br />
renting out your home when you aren’t utilizing it for<br />
the purpose of your own vacation? Opening up your vacation<br />
home to renters does have some risks, but if properly executed,<br />
having a renter is the perfect way to get some return back on<br />
your vacation home investment.<br />
Finally, before you take the plunge and buy that vacation<br />
home of your dreams, take some time to talk to the locals. Get<br />
to know the people who would be in your neighborhood, as<br />
they would be able to provide a great sense of what life would<br />
be like during various times of the year. Are there activities<br />
that would interest your family during the times you would be<br />
vacationing? Is the weather what you are seeking in a vacation<br />
destination? Does the community appreciate and find value in<br />
part-time residents? Carefully consider what life would look<br />
like for you and your family with the location as your long term<br />
vacation destination.<br />
After all my research was done, I realized that as much as I<br />
love vacation in Park City, I also love so many other parts of the<br />
world that I wouldn’t want to limit myself to years of vacationing<br />
in the same area and experiencing the same activities<br />
over and over. At this point, vacation home ownership is not<br />
something we are ready to commit to, however I’m sure there<br />
are some lovely homes we could rent for vacation in Park City<br />
without the financial and time commitment involved in owning<br />
a home.<br />
<strong>HERLIFE</strong>magazine.com 43
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