- retirement

5 Important Questions You Need to Ask When Buying a 2nd Home

Posted by Team Donovan on February 24th, 2016

Buying a second home in Orlando for retirement or as a family vacation home requires serious thought. Choosing where to buy in Central Florida depends largely on what you can afford and whether or not you plan to rent out the property when you’re not using it. Here are a few core questions you need to ask before purchasing a home: 

How much will it cost?

When you buy a vacation home, there are additional costs to consider besides the sales price. You will have to factor the same costs you have with your primary residence such as taxes, insurance, utilities and maintenance fees. Plus, when you’re not living in a home on a daily basis, you may not have the ability to tackle small problems before they become big ones. That can translate into higher…