Another benefit to having a second house, particularly when it’s located in a quiet place, is the fact that it may be your upcoming retirement house. So once you do choose to purchase a vacation home, consider the long-term usage of this house. Is your location perfect for retirement? So it’s very important that you don’t purchase a holiday home on a whim. You need to get familiar with the location and think about if it’s a location in which you wish to reside at later on.
Possessing a holiday home sounds glamorous, but glamour isn’t anything if you’re drowning in debt. Think carefully; write down all of the advantages and disadvantages of purchasing a second house. In addition, it helps in case you speak to other men and women who’ve made similar investments and inquire Is a holiday house worthwhile?