Red Wing, Minnesota
610 Main St.
Red Wing, MN 55066
(651) 388-4745

3 Things to Consider When Buying a Vacation Home July 10, 2019

Red Wing, Goodhue
3 Things to Consider When Buying a Vacation Home, Red Wing, Minnesota

Buying a vacation home can be a rewarding investment. It can save you money and stress in planning your next family vacation, and even generate income as a rental property. If you are thinking of purchasing a vacation home this summer, here are a few things to consider before contacting a real estate agent to find you the perfect property.

What to Consider When Buying a Vacation Home

1. Location

real estate agentLocation is major factor in the home-buying experience as it will determine where you start your search. Do you prefer the beach or the mountains? Do you prefer a water view or the blufftops? This is a long-term investment so be aware of any safety risks that might cause damage or raise insurance costs, such as flood or storm areas. Your real estate agent can help you with these considerations once you have decided on your location preferences. 

2. Amenities

Your vacation home should be the perfect getaway, so make sure it has all the amenities that you desire. A lakefront home could be even more appealing with a private dock or beach area. Picturesque views and sundecks are also attractive features that everyone can enjoy, whether they are with you or are renting your home for the season.

3. Rental Opportunities

If you’re planning to rent out your vacation home when it’s not in use by your family, look for homes that would be attractive to tenants. Along with the amenities that you selected for yourself, potential renters might be drawn to your home’s unique curbside appeal or parking accessibility as they seek out their own vacation experience. 

 

When you’re ready for a vacation home of your own, turn to the real estate agents at Lawrence Realty Inc. in Red Wing, MN. Since 1948, this premier real estate agency has helped countless buyers and sellers with every aspect of the real estate process. From touring homes to negotiating contracts, these licensed agents will help you land the best price on your next home. Call (651) 388-4745  to set up a consultation or visit their website to browse their current real estate listings. 

Other Announcements, Events and Deals from Lawrence Realty, Inc.
3 Factors to Consider When Buying Land for New Home Construction, Red Wing, Minnesota
Buying land and building a house can be a good alternative to purchasing a resale home. With such a big financial commitment, it’s important to take precautions before making an offe...read more
Should You Buy a One- or Two-Story House?, Red Wing, Minnesota
When you’re in the market to buy a home, you likely have a long list of “must-haves,” from the number of bathrooms to the size of the backyard. And if you’re like many homebuyers, yo...read more
NEW LISTING!  A single level condo, great location! Don't miss this one listed by Brady Lawrence @ LAWRENCE REALTY!, Red Wing, Minnesota
For only $155,000, this is single level condo is living at its finest!  No stairs!  Great location with easy access to shopping, restaurants and the Cannon Valley Bike Trai...read more
Land For Sale! XXX Flower Valley Rd., Red Wing, MN offered by Brady Lawrence @ LAWRENCE REALTY, INC., Red Wing, Minnesota
Are you looking for land for sale?   Then take a look at this 100+ acres of land just outside Red Wing, MN, off of Flower Valley Road for $589,000! This is roughly ha...read more
3 Types of Investment Properties & Their Benefits, Red Wing, Minnesota
Real estate investors can recoup great returns on money spent. If you’re considering purchasing an investment property, selecting the right one will greatly increase your chance...read more