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CO-OWNING A VACATION HOME
July 31st, 2019 6:52 PM
There is an understandable appeal to buying a weekend or vacation home on the eastern end of Long Island with friends or family members. One look at the local or regional newspapers and/or online will indicate a considerable investment for such.
Co-owning maybe the only feasible path to ownership. After all. two(2) check books are better than one(1). Affordability is out of reach for many real estate properties on both the North and South Forks, so partnering up becomes an ideal solution. The increase in buying power can assist you in the purchase or it could equal; (a) more square footage in your home; (b) more amenities, exterior or interior of both; (c) larger site or (d) some of the above to all of the above*. If your looking to purchase real estate on the east end then it also makes sense to hire an a real estate appraiser. Our knowledge can assist you in making the right investment.
*
New York Times, July 26, 2019.
Posted in:
INVESTING
and tagged:
vacation/buyer/east end/affordability
Posted by Richard Wayne Abatelli on July 31st, 2019 6:52 PM
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