Real Estate

Buying Vacation Home: The Ultimate Guide

With everything going on in the world, the demand for vacations homes is higher than ever. If you’re considering buying a vacation home in the Lake Keowee and upstate area, you’ve come to the right place.

From determining your budget to narrowing down your favorite area, we’ll go over the ultimate guide to buying a vacation home. Think of this as your go-to vacation home checklist.

1. Make a List of Must-Haves

When you’re house hunting for a vacation property, it can be helpful to make a list of must-haves beforehand. Let’s say you know you’d like a boat slip included with your property or you must have a master bedroom on the main floor. The professionals at Top Guns Realty can help you find it.

Creating a list can help make sure you get as close as possible to your dream vacation property. It can also help you down the area or subdivision that has most of what you’re looking for. This can also help you with planning and budgeting.

You want to use a trusted local realtor who knows which subdivision has the amenities you’re looking for and more. We can help you find which areas of the lake will work best for your needs and budget.

2. Determine Your Budget

Your budget is a big consideration when it comes to a vacation home. Before house hunting, it’s helpful to speak to your mortgage lender or your financial advisor. Consider how much you’d like to spend, whether you want to take out a mortgage or pay for the home in cash.

When you’re planning your budget, find out how much you’re pre-qualified for. You can also assess your finances and consider how much you’d like to put down. We’ll help you find a home that fits best within your budget.

3. Considering a Rental, Full-time Residence, or Combination

If you’re buying a vacation home, you might be considering renting out your property. Some vacation homeowners choose to rent out their property when it’s not in use. Others rent it full-time through long-term leases or as a short-term vacation rental.

If you’re considering this, you’ll want to do a little research on which subdivisions or areas have restrictions, if any. When you rent out your property, you can offset some of your expenses and mortgage through rental income.

4. Work with Your Realtor to Find Your favorite Vacation Home Spot

When you’re ready to start vacation house hunting, you’ll want to enlist the help of a local professional. They can help you find a house with a boat slip, a home with lake frontage, or a beautiful piece of land to build.

The Ultimate Guide to Buying Vacation Home

Buying a vacation home is an exciting time. Whether you’re looking to make family memories or invest in a short-term vacation rental, this checklist can help you find the best vacation home for you. For more real estate and finance tips, check the blog section.

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