Have you dreamed about purchasing a vacation home near Okemo Mountain Resort? Pictured yourself and your family enjoying the mild summers spent exploring the beautiful outdoors, or the winters spent around the fireplace after a long day on the slopes? Perhaps you’ve pushed these visions back because you assumed you would never be able to fulfill this dream – the burden of a second mortgage for a vacation home may just seem like too much to take on.
But what if you could share the cost of your dream home with friends? You’d still get to enjoy the resort at peak times and, if you decided to put the home in the rental market, you’d still benefit from those proceeds. But the investment and monthly cost of purchasing the home could be cut in half! It seems like everyone would win in this situation.
This article, published recently in the Wall Street Journal Online
, lays out the many advantages of sharing home ownership. It also provides good questions to ask yourself before moving into such an investment situation – there are pitfalls to be aware of including the willingness of both parties to delegate control of the property, the future financial stability of both parties, and the comfort level of both parties when it comes to discussing and working out financial and other differences.
I would love to help you make Okemo Mountain Resort your home away from home. Please call me at 802-353-1983 or visit www.ISellVermontRealEstate.com to get started with your search for Okemo real estate!