Can I Afford A Vacation Home? One of the most important factors to consider when you’re thinking about buying a getaway place is your finances. I’d never advise anyone to go into debt to buy a vacation property. In fact, if you don’t have the cash to pay for a second home, don’t buy it! To determine if you’re financially ready to take on an extra house, consider these questions: Can I pay cash for the vacation home? Is my primary residence already paid for? Am I saving 15% of my income for retirement? Do I have a three-to-six-month emergency fund in place? Am I saving for my kids’ college? If you can answer yes to these questions, you might be ready for a vacation home. Keep in mind, every situation is different, so only you can determine if taking on a second home is a wise financial move or not. Call Amber Cyman now to talk about buying your dream home. Amber Cyman Real Estate 511 E Front St Suite 102 Traverse City, MI 49686 231-944-9979 https://ambercyman.com https://www.google.com/maps?cid=6707706476642726282 https://gmbtool.page.link/hVpZ