The NY Times’ Billie Cohen published an article “Pitfalls of the First Purchase” on April 4th. A nice short article highlighting some of the watchouts before buying your dream vacation home. The highlights include:

1. Don’t Simply Buy Where You Love

2. Know Why You’re Buying

3. Second Home Financing

4. Expect Hidden Costs

5. Plan an Exit Strategy

If you’re considering buying a vacation home and utilizing it as a vacation home there are a few other tips to avoid. In an article The Society published a few months ago, Jeff Progar shares his thoughts on what a vacation rental needs.