Top Considerations for Vacation Homes, According to Palm Beach Real Estate Expert Florida Home

    WEST PALM BEACH, FL, May 12, 2014 /24-7PressRelease/ -- Florida Home, your source for houses for sale in Jupiter, Fla. and the greater Palm Beach County area, knows that many homeowners are considering adding a vacation home to their real estate investments this spring and summer. Before you buy, the experts at Florida Home encourage you to consider a few elements of the property.

The realtors in Palm Beach recommend that you remember the cliche of location, location, location when you begin to consider a property. Find a desirable location, then get to know the area around the property before you consider buying. Learn about how the area operates during both the busy season and the offseason. Some stores may close during the offseason, and that can reduce the amount of time you (or renters) would want to spend at your new property.

From there, decide whether you want to make your vacation home a rental property. Some people wish to keep their property private, but many Palm Beach vacation homeowners want to recuperate some of the costs of maintaining a second home throughout the year through renting it out. If you choose to rent, be certain that the home offers amenities renters will want and expect, and check with the town and any homeowners associations to ensure that short-term Palm Beach rentals are allowed.

As mortgage rates can be higher for second homes, Florida Home encourages you to determine what the operating costs will be to have a vacation home.

"Include the cost of your mortgage, utilities, HOA fees, regular and expected maintenance and property taxes to determine if it is sustainable for your family," says Gerry Barker, Project Manager for Florida Home. "Rent may be able to offset some of these costs, but be aware that rent is not a guaranteed income."

Learn more at http://www.palmbeachpost.com/s/Floridahome.

About Florida Home:

In 2011, Florida Home was founded as a local source for real estate information in the Palm Beach County area. They wanted to offer insight that other real estate websites do not, such as reporting on listings, news, historical sales data, in-depth community information and more.

Learn more at http://www.palmbeachpost.com/s/Floridahome.

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