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2010-10-22 13:25:08
Can a House That Causes Stress be Termed a Vacation Home?
<p>A place for living is a must for all but none really needs a second house as a vacation home. It is however fun to choose a vacation unit and purchase one. But unfortunately afterwards it becomes more a reason for stress rather than vacationing joy.</p>
<p>A couple owned a condo in <a href="http://www.foreclosurewarehouse.com/homes/FL/">Florida</a> at <a href="http://www.foreclosurewarehouse.com/homes/FL/COLLIER/NAPLES/">Naples</a>. They have a cantankerous neighbour. In Floridian <a href="www.foreclosurewarehouse.com">real estate</a> lingo he is termed a ‘condo-commando’ – a nosey parker who finds out all he can about others and then regularly tattles to the condo association about them.</p>
<p>Bad neighbours are a common problem but they seem to be especially a nuisance when one goes to a place to relax where the only occupation of the vacationers is to ski slopes, surf the waters or put up one’s heels by the hearth.</p>
<p>Luxury Institute researches on wealthy property owners. The CEO Milton F Pedraza said, “People become slaves to their homes. They buy into the headlines and that makes them pretty miserable with their vacation homes”.</p>
<p>Misery with second homes is quite common. This is because the purchasers did not anticipate how much effort and dollars would have to be spent to maintain a unit that is far away – perhaps hundreds or thousands of miles away. </p>
<p>Prior to purchasing second homes the purchaser should answer some realistic tough questions. Is it absolutely necessary to have a second home? What would it be used for? Does one have a clear conception of the money involved to maintain it?</p>
<p>Many parts of the country are struggling with tumbling property prices. A survey has been conducted at this juncture by National Association of Realtors about second homes. According to them the sale of such units have spiked by 7.9% in 2009 in comparison to 7.1% increase of sale of primary homes. This is the season when people hunt around for winter rentals that often become second homes.</p>
<p>Before sealing a deal certain points should be considered so that the second house does not become a vacation home but a source of stress and anxiety.</p>
<p>The recession has taught the lesson that the second home should not be considered as in investment; it is possible for property value to go down – something thought impossible for quite some time. In all calculations the maintenance costs should be taken into account.</p>

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