A vacation home can be a highly lucrative and worthwhile investment that you’ll be able to enjoy over the years. To ensure you choose the right property, you should ask your real estate agent a variety of questions before making any commitments. Start a helpful conversation with the questions below.

What to Ask When Purchasing a Vacation Home

1. What’s the Local Housing Market Like?

Your second home should be a good investment that you will be able to sell for a gain. If you can make more money on the sale of the house than you do on rental income over the years, then it’s a worthwhile investment. While you can’t predict the real estate market, look for a neighborhood that will be a desirable vacation spot in the long-term. Some trendy areas don’t have the infrastructure and durability to stay popular over the years, while others will always be a desirable spot to vacation.

2. Is the Property Desirable to Visitors?

Once you’re sure that the area will be desirable to visitors, you should find out if the home itself will draw in renters. Talk to your agent about the amenities in the area that are desirable to vacationers, such as the views, proximity to local attractions, or easy access to public transportation. If your property appears more desirable than the competition, then you can expect a steady stream of renters.

3. Will I Meet My Revenue Threshold?

Generally speaking, homeowners want to earn around $13,000 in annual rental income for every $100,000 that they spend on the home. To get a rough estimate of how much you’ll earn, you should ask your agent about other vacation rentals in the area and how much revenue they bring in. Don’t forget to factor in costs such as property management, taxes, and maintenance.

When you’re looking to buy or rent a vacation home, contact Heritage Land Company in Lassen County, CA. Whether you need a short-term rental or are looking to purchase a vacation home, they will help you find the perfect fit. They have the expertise and knowledge to ensure that you make a good investment. Visit them online or call them at (530) 825-2131 to speak with one of their knowledgeable real estate agents.