Key information about buying a vacation home
Charlotte Observer | 07/16/2005 | Key information about buying a vacation home: "Key information about buying a vacation home
'INVESTING IN A VACATION HOME FOR PLEASURE AND PROFIT'
By James H. Boykin (Thomson South-Western, $19.95).
If you are thinking about buying a second or vacation home -- or a timeshare -- first read this impartial new book.
Professor Emeritus James Boykin (Virginia Commonwealth University) has created the best of the books on this important topic. He takes an objective view and, for a college professor, writes in a very interesting, easy-to-understand style.
He explains ownership of detached vacation houses as well as condominiums, and the potential pitfalls of timeshares.
Boykin treats the purchase of a vacation home as both an investment and a vacation retreat. He also emphasizes the rental opportunities, but warns owners not to count on rental income to carry a vacation home's expenses.
One of the book's most valuable chapters explains mortgage finance alternatives for second- or vacation-home buyers.
Boykin explains virtually every aspect, such as deciding on the right location, considering the alternatives such as outright purchase or timeshare fractional ownership. He even explains the negatives of timeshares and how to avoid their pitfalls.
The author also compares the various timeshare alternatives, such as intervals, residential clubs, fractional ownership and others"
'INVESTING IN A VACATION HOME FOR PLEASURE AND PROFIT'
By James H. Boykin (Thomson South-Western, $19.95).
If you are thinking about buying a second or vacation home -- or a timeshare -- first read this impartial new book.
Professor Emeritus James Boykin (Virginia Commonwealth University) has created the best of the books on this important topic. He takes an objective view and, for a college professor, writes in a very interesting, easy-to-understand style.
He explains ownership of detached vacation houses as well as condominiums, and the potential pitfalls of timeshares.
Boykin treats the purchase of a vacation home as both an investment and a vacation retreat. He also emphasizes the rental opportunities, but warns owners not to count on rental income to carry a vacation home's expenses.
One of the book's most valuable chapters explains mortgage finance alternatives for second- or vacation-home buyers.
Boykin explains virtually every aspect, such as deciding on the right location, considering the alternatives such as outright purchase or timeshare fractional ownership. He even explains the negatives of timeshares and how to avoid their pitfalls.
The author also compares the various timeshare alternatives, such as intervals, residential clubs, fractional ownership and others"
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