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.