Sun, sand and sea—there’s something to be said for having that weekend getaway place or summer property you can rent out while you aren’t there. If you’re looking for the ideal retirement property to invest in, here are a few handy guidelines before you browse through those oceanfront condos for sale in Wailea:
Set a budget
Staying on track of your expenses is a must. The last thing you want is to buy a home that’s way above your price range and one that’s going to put you in debt for years. Assess your finances and set a budget to keep you grounded.
Calculate the costs
Don’t just focus on the monthly mortgage rate you’ll end up with. Factor in other expenses as well, says SFGate. You’ll need to include property taxes, insurance coverage and condo association fees, among others, when you do the math.
Pick the right size
Decide on the size of your condo. Some come in four-bedroom models while others have two or three rooms. Think long and hard on how much space you’ll need. If you’re trying to downsize for your retirement, then a two-bedroom model might fit the bill.
Hire a realtor
A real estate agent has the experience, communication and know-how to help you at every stage of the buying process. That means they’re much more likely to stay know what oceanfront condos for sale in Wailea fit your budget and needs. They can also help you handle all the paperwork involved and review those documents to prevent filing errors and mistakes.
Tour the unit, not the model
Some might show you a model of the condo you’ll buy. Ask them to take you on a tour of the unit instead. That way, you can check out the views and the rooms to see if they’re all right on the mark.
With these buying tips, you can find the right oceanfront home for you sans a great deal of stress and hassle.
