Back to Blog

Six Steps For Buying a Vacation Home in WA or OR

Sammamish Mortgage
Published:
September 18, 2014
Last updated:
February 26, 2021
Six Steps For Buying a Vacation Home in WA or OR
In This Article

Summary: Are you considering buying a vacation home in WA or OR? Here are six tips for buying a house or condo for relaxation and vacation use.

If you’ve just returned from the vacation of a lifetime, you probably wish that wonderful time never had to end. When you buy a vacation home or condo, you can guarantee that you have an escape that will provide you with years of enjoyment. Before you take the plunge, though, take advantage of these six helpful tips about buying a vacation home.

1. Choose Someplace Versatile

When buying a vacation home, it’s all about getting the most out of your investment. Consider choosing a place that you can enjoy throughout the year. Your ideal vacation home will be a haven in the summer, a beauty in the fall, a refresher during the spring, and the perfect place to celebrate the winter holidays.

2. Think About Convenience

When you choose your vacation home in Washington or Oregon, you will want to find a relaxing getaway that fits your lifestyle. If you love to have easy access to the grocery store and other amenities, don’t buy in a remote location. If instead you’d prefer something secluded, opt for a home that is hidden far from civilization.

3. Consider Your Neighbors

Depending on where you choose to buy a vacation home, you’re likely to be surrounded by others who love the area as much as you do. You need to decide if you want to have many others who are in close proximity or if you prefer having your space to yourself.

Related: 15 First-Time Home Buyer Mistakes to Avoid in Oregon

4. Find Out About Taxes in WA Or OR

If you are opting for an extremely popular location, beware of high taxes. You want to go into your purchase with your eyes wide open. If you choose a home that is off the beaten path, you could have a more favorable tax rate.

View Current Mortgage Rates Aug, 03, Tue, 2021

5. Learn About Restrictions

You may have restrictions to deal with when you buy a vacation home. From a Home Owner’s Association that stipulates regulations about the care of property to restrictions in paint schemes, you may not have complete freedom with your property.

6. Look For Excellent Deals

Whether it is due to the strained economy or someone who has to make a property move quickly, you could find a phenomenal deal. Don’t rush into any sale until you’ve reviewed all of your options. Buying a home that is in a community neighboring a hot spot (instead of in the hot spot itself) could make for better prices as well.

A vacation home is a great real estate investment that can make vacation planning much easier. With these tips in hand, you’ll be well equipped to find the perfect vacation home for your budget.

Get an Instant Mortgage Rate Quote Today

Have questions?

Sammamish Mortgage is a local, family-owned company based in Bellevue, Washington. We serve the entire state, as well as the broader Pacific Northwest region that includes Idaho, Colorado, and Oregon. We offer a wide variety of mortgage programs and products with flexible qualification criteria. Please contact us if you have mortgage-related questions.

Other Blogs You May Like
Most Affordable Neighborhoods for Portland Home Buyers, 2021 Most Affordable Neighborhoods for Portland Home Buyers, 2021
July 28, 2021

Portland home prices have rapidly increased over the past decade. Prices are still relatively expensive compared to statewide prices across Oregon, which is something all buyers should know when taking out a mortgage with the help of a mortgage lender…

Read more
6 Powerful Tips For Buying and Selling a Home 6 Powerful Tips For Buying and Selling a Home
July 28, 2021

Are you thinking of buying or selling your home some time soon? If so, you’ll need to approach the process with a strategy. In This Article: Get a good idea of your NET equity. Decide how much of your anticipated…

Read more

Show 241 more posts
from this category

Begin your home loan process today! Our mortgage advisors are standing by. Request a free personalized rate quote. (425) 401-8787