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Vermont Real Estate in South Burlington, VT, as a Second Home

Posted By: alex

Burlington, Vermont, is a gorgeous place to live, work and vacation. For many people who need to live in other areas of the country, having a second home for vacation in South Burlington, VT, is the perfect choice. It gives you the best of both worlds by having a home in the location you need to live for work, school and family obligations and a home to which you can escape to enjoy water sports, winter activities and a gorgeous town with plenty of cultural experiences to please people of all ages. Before you look for Vermont real estate in South Burlington, VT, there are a few considerations you need to make.

Financial Considerations

First and foremost, you need to think about the financial responsibility of owning a second home. If you will be taking on a second mortgage, it is important to determine if you will be able to comfortably afford paying two mortgages every month. Think as far ahead into the future as possible, especially if you have children who will be entering college anytime soon. Tuition costs and other costs that are associated with post-secondary schools can drain your savings.

The Fate of Your Future

Where you picture yourself in the future should also play a role in your decision. If you are a young family, do you see yourself vacationing in South Burlington, Vermont, for many years? If you are closer to retirement age, is the home local to the necessities something you will need during your elderly years?

Maintenance

Who will take care of the maintenance on the home when you are not there? If you only plan to visit the home a few times a year, will you hire a maintenance company to keep an

eye on the status of your home? You also have the option of renting the home to other vacationers throughout the year, allowing you to make an income while you are not at the home. This can help you cover the costs of owning a second home.

Resale Value

If you do not plan on owning your second home for a long period of time, it is important to find Vermont real estate in South Burlington, VT, that has good resale value. Finding a home that is secluded and private might seem ideal for you, but when it is time to sell it, you might have a hard time finding others with the same excitement.

For information about Vermont real estate South Burlington VT, visit Todays Homes Vermont for answers to all your questions.

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