Lorraine Kuney - Franklin, MA, Real Estate, Medway, MA Real Estate.


Buying a vacation home is a significant accomplishment that can also be a source a joy for you and your family for years to come. However, owning a second home is also a responsibility that you’ll need to be prepared to take on.

In this article, we’re going to talk about some things you should ask yourself before buying a vacation home. It will help you solidify whether or not you’re making the best decision so you can enjoy your time in your new home away from home.

What do you love about the area?

Most people who buy a vacation home do so because they’ve fallen in love with the area. Maybe it’s where you can practice your passion for skiing, or maybe it has all of your favorite restaurants and places to relax. Regardless of the reason, you’re going to want to make sure that this is truly the place for you.

How much time will you spend there?

If your plan for your vacation home is to spend a couple weeks a year there and leave it vacant the rest of the year, it might not be the best investment. You could be better off staying in a hotel those few weeks a year.

However, if you’re buying a home with the intention of renting it out when you’re not staying there, having a vacation home can be a source of income. On top of that, if the house is in an up-and-coming area, you could be building a lot of equity that you can later take advantage of if you choose to sell.

Do you know all of the costs?

Do you ever feel overwhelmed with all of the bills and taxes you need to pay for your house? The same will be true of your vacation home. And, if you aren’t there enough, you’ll also have to pay someone to maintain the house and property while you’re away. Some costs to consider: closing costs when you purchase, property taxes, home insurance, heat, electricity, landscaping, cleaning, and trash removal.

Are you aware of the rules?

If you’re planning on renting out your property, it would be awful to find out that there’s a clause in your contract or with the homeowner’s association saying that you can’t rent it out. Similarly, some small properties have rules against parking RVs in the driveway, having structures (like sheds) in the yard, and even prohibit you from working on vehicles in the driveway. Make sure you know all the rules before you agree to buy the home.

Are you prepared for emergencies?

Whether it’s a flood, fire, avalanche, or burglary, you’ll want to make sure you’re ready. Insurance may be able to protect against some of these but there’s always a risk of serious damage.


This Condo in Northbridge, MA recently sold for $105,000. This Townhouse style home was sold by Lorraine Kuney - RE/MAX Executive Realty.


27 B St, Northbridge, MA 01588

Condo

$110,000
Price
$105,000
Sale Price

4
Rooms
2
Beds
1
Baths
OWN FOR LESS THAN RENT! THIS VERY NICE TOWNHOME WAS COMPLETELY RENOVATED IN 2005 AND HAS BEEN WELL TAKEN CARE OF. WOOD LAMINATE FLOORS IN LIVINGROOM. BRIGHT EAT IN KITCHEN WITH PRETTY MAPLE CABINETS AND UPDATED LIGHTING. TWO CARPETED BEDROOMS AND FULL BATH ON SECOND FLOOR. GOOD SIZED FULL BASEMENT FOR LAUNDRY AND STORAGE. PARKING FOR TWO CARS. GAS HEAT.JUST MINUTES TO RT 146 AND WALKING DISTANCE TO BALMER SCHOOL. LOW FEES! GREAT UNIT FOR THE PRICE!

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Looking to buy a house? Ultimately, you'll want to attend at least a few open houses in your city or town. By doing so, you'll be able to understand exactly what you'd like to find in your dream house.

Before you attend an open house, there are several factors to consider, and these include:

1. Your Homebuying Budget

With a budget in hand, you can narrow your search for the ideal home. That way, you can avoid the temptation to attend open houses for residences that fall outside your price range.

To establish a homebuying budget, take a look at your current financial situation. Then, consider your future expenses like those related to student loans or children and plan accordingly.

In addition, it never hurts to get pre-approved for a home loan. If you gain pre-approval, you can enter the housing market with a budget in hand and review a broad array of houses that match your budget.

2. Your Homebuying Checklist

If you're living to a warm-weather climate, you may want to own a home with a swimming pool. Or, if you plan to reside near the ocean, you may consider houses where you can dock your boat nearby.

Create a homebuying checklist before you visit open houses. This will allow you to streamline your home search and accelerate the homebuying journey.

Also, it may help to separate your homebuying checklist into "wants" and "must-haves." Although your dream house may not include all of your homebuying checklist "wants," you can use these categories to determine exactly what you'd like to find in your ideal residence.

3. Your Homebuying Timeline

Are you planning to move next week or in the next several weeks? Some homebuying journeys are faster than others, and you'll want to map out your property buying journey based on when you need to move.

For example, if you've accepted a new job in the city, you may need to move quickly to relocate. This may require you to act so you can get settled in a new home before you begin your new job.

Comparatively, if you're in no rush to relocate, you can take a wait-and-see approach to the housing market. And if you attend an open house and like what you see, then you can submit an offer to acquire a residence.

If you're unsure about how to approach open houses, there is no need to worry. In fact, many real estate agents are available in cities and towns nationwide to assist homebuyers.

A real estate agent can offer expert insights into a home before a homebuyer attends an open house. Plus, this housing market professional can provide honest, unbiased homebuying recommendations and will even negotiate with a home seller on a buyer's behalf.

Get ready for an open house – consider the aforementioned factors, and a homebuyer should have no trouble exploring a broad array of residences and finding one that he or she can enjoy for years to come.



95 Oxford Dr, Franklin, MA 02038

Single-Family

$449,900
Price

7
Rooms
3
Beds
1/1
Full/Half Baths
A wonderful move in ready colonial in your favorite neighborhood! Low maintenance exterior and an entertaining private lot with huge front and backyard ready for all your gatherings or additions! Beautiful NEW hardwoods greet you as you enter the foyer. A Large carpeted formal living room with crown molding and french doors. A Formal dining room with NEW hardwoods, chair rail and crown molding. Awesome updated eat in kitchen with cherry wood cabinets, stainless appliances (all stay) and NEW ceramic tile. Off the kitchen is the fireplaced family room and NEWLY tiled half bath with first floor laundry. Upstairs you will fine a nice sized master bedroom with double closets. Two more generous bedrooms and a gorgeous remodeled full bath! This one owner home has been lovingly enjoyed and maintained. A fantastic location within minutes to train, commute routes and shopping yet set in a peaceful well loved neighborhood. Be the one to start making those new wonderful memories here!
Open House
Sunday
August 13 at 12:00 PM to 2:00 PM
Come view this terrific colonial in sought after neighborhood. Well maintained with a Gorgeous flat private yard!
Cannot make the Open Houses?
Location: 95 Oxford Dr, Franklin, MA 02038    Get Directions

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This Condo in Uxbridge, MA recently sold for $231,000. This Detached,Half-Duplex style home was sold by Lorraine Kuney - RE/MAX Executive Realty.


224 West River Road, Uxbridge, MA 01569

Condo

$227,900
Price
$231,000
Sale Price

6
Rooms
3
Beds
1/1
Full/Half Baths
This is the one you've been waiting for! NO FEE! Nicely maintained home boasting 3 bedrooms, finished room in basement, remodeled kitchen and updated furnace and hot water heater! Spacious floorplan with incredible private fully fenced yard with swimming pool that sits beautifully off the street. Short distance to trails, kayaking, and 146! Do not wait, this one will not last! First showings are at the OPEN HOUSE SUNDAY 6/18 1-3!

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