As the housing market continues its recovery, sales of Vacation Homes in Blue Ridge, GA. are part of the national picture reported by the NAR — which tells us that vacation home sales rose by over 10% last year.
While owning your own Vacation Home in Blue Ridge Georgia automatically sounds great, a thoughtful reality check is always in order. Particularly when a vacation home is involved, it minimizes the likelihood of making an overly emotional decision (and eventual buyer’s remorse).
The first question to ask is How often will we actually use the home? If you travel to the North Georgia Mountains just once a year for a week or less, keep in mind that, in addition to the purchase price, your actual costs include insurance, real estate taxes, and upkeep on the property. It’s likely you’d be dollars ahead by simply renting a home. On the other hand, if you stay for weeks or months at a time (or eventually plan to retire in Blue Ridge or Blairsville Georgia), the investment looks a lot more practical.
Next question: Do I have a maintenance plan? Maintaining a vacation home in Blue Ridge GA needs to be considered, particularly if you live hours away. You’ll need to find a local person or company such as BPM Home Watch to ensure that the property is well maintained and protected. Consider working with a North Georgia Mountain Property Management Company to outsource oversight. This approach can change the entire landscape, if it enables you to rent the home and turn it into an investment property when you are not using it.
And a vital question: How does the asking price compare? Very often, people visit the Mountains of North Georgia, fall in love with the place, then find what they know is the perfect house! That’s precisely why working with a North Georgia Mountain Realtor® is key: you need to enlist the knowledge of a local professional in order to get timely, accurate input on its actual market value and other issues that may impact the property. It is really the prudent way to protect your interests.
A thoroughgoing reality check makes buying a vacation home in Blue Ridge a levelheaded and worthwhile decision. The Mountain Life Team is here to make sure that happens!