Summer is in full swing, and many people are heading out of town for vacation. After spending a few days in a beachfront condo or a cabin in the mountains, you might be dreaming of having a place of your own in your favorite getaway spot. But, how do you know if it's a good idea to buy a vacation property?
Like most things in life, there are advantages and disadvantages to buying a vacation property. Before you take the plunge, take some time to examine the pros and cons.
Owning a vacation property can be fun, relaxing and potentially profitable. But it also presents some risks that should be considered carefully. Take the time to research your options and understand what you're getting into before you commit to financing a home away from home.
As always, Wright-Patt Credit Union is here to help make navigating life's opportunities – big and small – a little easier.
Contact us today or visit one of our convenient
Member Centers to meet with a financial coach.
*Non-deposit investment products and services are offered through CUSO Financial Services, L.P. (“CFS"), a registered broker-dealer (Member FINRA/SIPC) and SEC Registered Investment Advisor. Products offered through CFS: are not NCUA/NCUSIF or otherwise federally insured, are not guarantees or obligations of the credit union and may involve investment risk including possible loss of principal. Investment Representatives are registered through CFS. WPCU has contracted with CFS to make non-deposit investment products and services available to credit union members. For specific tax advice please consult a qualified tax professional.