Common sense would say that buying a Downtown San Diego vacation condo would be pretty much like buying your primary home. After all, the technical processes are the same: first, you locate a suitable vacation home the same way you found your primary residence (most likely with the active help of a knowledgeable Downtown San Diego Real Estate agent), then the offer, financing, documentation, etc.
In fact, there are basic differences. Appreciating how they affect your final choice can help you secure a Downtown San Diego vacation condo that provides the advantages you set out for — a memory-creating family getaway, investment value that builds wealth, or both.
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Patience is a key virtue in getting the deal right. Financial experts from Bankrate suggest that vacation condo buyers are in ideal position to maintain calm and refrain from making rash decisions (after all, you already have your primary residence). When you remove the emotion from a Downtown San Diego condo purchase, you change the game.
Quicken Mortgage’s Bob Walters agrees — even after you have narrowed your search to an area you know is right for you. “There’s no reason you have to buy…right now,” he says, adding that a “second home, more so than a primary residence, has to be treated as an investment.”
Even if the primary goal is recreational, he has a point. Like any second living space, a Downtown vacation condo in San Diego carries new expenses — maintenance and security chief among them. These factors can be offset by selecting a low-maintenance property and either installing security alarms or purchasing in a highly secured area. It is true though that many Downtown San Diego condo complex’s and buildings have security and surveillance video which ads an additional level of security unavailable to a regular vacation condo or home purchase. Unlike your primary residence, it’s fair to think of vacation home expenses as actually belonging on the discretionary side of the budget ledger. Knowing that long-term value appreciation is balancing those costs can’t help but add to your overall enjoyment quotient.
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Shopping for a Downtown San Diego vacation condo should be a pleasure (a low-pressure one, at that!). Taking the time to make sure it is a canny investment as well as the right vacation decision is part of the professional guidance I offer all my Downtown San Diego clients. Choosing the right Downtown San Diego real estate agent is key!
The top areas for Downtown San Diego Condos as vacation properties are The Marina District, Columbia District, and East Village. Please use my condo search tools to the right to view Downtown San Diego Condos for sale by complex, area, and even complex video tours.
