North America’s vacation property resource
North America’s vacation property resource
Welcome to our resource page for a first time home buyer of a vacation home. Buying your first vacation home can be overwhelming and we here at Vacation Property Online aim to make the process as smooth as possible. Perhaps you’re questioning whether to purchase a vacation home in the first place or whether vacation homes make good investments. Or perhaps you have more specific questions about lending requirements. Whatever the case, you’ve come to the right place.
Explore articles covering various topics for first time buyers. Topics include: how much vacation home can I afford, what is recreational property, what is the best vacation property type to buy, are mortgage rates higher for vacation homes, an overview of vacation home expenses, purchasing a vacation home as an investment and others. Whether you are in the market for a condo by the beach or a ski chalet close to the slopes, we have the answers to your questions.
What to Know Before Buying a Vacation Home Buying a vacation home represents a big decision and requires thoughtful preparation and planning. After all, a substantial amount of time and resources will be required to complete the purchase and ultimately maintain the property. Further complicating things is the fact that purchasing a vacation or recreational…
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Last updated on June 22, 2021 If you are considering how far away a vacation home should be, two things may come to mind: (1) practical considerations and (2) relevant mortgage rules in the United States and Canada. In this article, we explore these two items in greater detail to help better inform your purchasing…
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Last updated on August 16, 2021 If you’re asking yourself: can I afford a vacation home and, if so, how much vacation home can I afford?, you should consider the following: Size of your down payment Your debt to income ratio Rental income Equity from primary residence Be sure to explore our Can I Afford…
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Last updated on September 30, 2021 For most homeowners who are interested in expanding their real estate portfolio, recreational property often comes to mind. However, this is not a term that everyone may fully understand. For instance, what is recreational property? What types of recreational property are there? What can recreational property be used for?…
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Last updated on August 16, 2021 As more and more people look to expand their real estate portfolio, the recreational housing market continues to see strong demand in the United States and Canada. For some, a second home may represent a welcome escape from the busy city life. For others, a second home may represent…
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Last updated on July 4, 2021 If you’re dreaming of vacations on the lake with the family, owning a cabin or cottage can become a reality with a little planning and saving. A great way to help balance the cost of the investment is to rent out your cabin or cottage. Below are our top…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.