So you love South Walton and have decided that you would like to purchase a vacation home here. Once you have made the decision to purchase you will find that there are quite a few things to consider when looking that you may not realize. Our knowledgeable agents at Premier Beach Retreats have come up with a list of the top 5 things to consider when buying your next vacation home.
This is easily one of the most important factors to consider when you start looking for your vacation home. Do you want to be near the nightlife scene, in a quiet beach community, or are you looking for an area that is kid-friendly? Picking a the right location can make a huge difference in how happy you will be with your vacation home. The best way to determine if a certain area suits your needs is to rent in that same area prior to purchasing to get a feel for it.
Why are you are looking to buy
What are you going to use your vacation property for? Rental income, family vacations, or will you be living here part of the year to escape harsh winter conditions. Deciding what your goal is when searching for your dream beach home can prevent you from making a costly mistake. If you are only looking at purchasing for rental income you will want to make sure you buy property that has a great location, amenities and is close to entertainment.
Who is going to watch your property
Are you going to be responsible for the upkeep of your vacation home? If you are renting it out, you may need to hire a property management company that is around 24/7 to make reservations, clean, and fix any maintenance problems that may arise if you are out of state.
Cost is another extremely important factor to consider. Determining a budget will help you find something that is suitable for your needs. Depending on where you purchase there may also be HOA fees or other costs that you may not have previously considered.
Finding a realtor that knows the local market
Finding a great local realtor might be last on our list, but is certainly the most important aspect to finding your dream vacation home, especially if you are from out of town. Working with a knowledgeable realtor who knows the ins & outs of the area will help you find exactly what you are looking for. They will also make sure you to get you the best deal possible. If you’re looking to buy a home along the Emerald Coast, check out the Premier Beach Retreats website and begin a free home search. One of our highly knowledgeable agents will contact you shortly to assist you in making your dream home a reality.