We have been discussing some of the financial aspects of owning a second home and while some of these issues might seem as if they were meant to discourage you, that couldn’t be farther from the truth. A real estate sale for a vacation home is slightly different than the type of home sale that involves a primary residence and we want you to approach this important vacation home purchase with your eyes wide open. Here are some of the things you need to know about buying and owning a second home in Central Oregon (or anywhere for that matter).
While homes on the west side of the Cascade Mountains experience all sort of weather, it tends to be more temperate seasonally in the high desert country. In all likelihood, it is this weather that attracted you in the first place: Dry, sunny summers and cold, snowy winters. But those extremes may impact your vacation home in ways you might not be aware of, if you haven’t prepared.
Under the best of circumstances, the National Association of Realtors estimates the annual cost of maintaining your home will run about 1.5-4% of the total cost of your home. In Central Oregon, it may actually be a bit higher.
Heating and Cooling
Regular fall furnace maintenance checks will ensure that the extremes of winter and summer will not become a problem. Properly serviced units will last up to twenty years for furnaces; twelve years for cooling units.
Take a moment to inspect this during each season. Some water heaters can last up to fifteen years but in a house that is vacant part of the year, this time frame can be stretched even longer.
Roof and Decks
The exterior of your home will take the brunt of the seasonal swings in temperature. Roofs should be inspected every five years and decks should be treated annually.
Paint and Caulking
The weather is brutal on these two items and rarely if ever do they last as long as the manufacturer suggests. While you might be able to get away with ten years on your paint, the caulking should be visited yearly.
This is often relatively far down anyone’s list of repairs. This will be no different in a vacation home. But Central Oregon can be brutal on these surfaces and the sooner you fix cracks and apply skim coat, the longer it will last.
How can we assist you today?
On behalf of The Jones Group @ Sunriver Realty
Nola Horton-Jones, Principal Broker/Realtor | ABR, C-RIS, e-PRO, GREEN, RSPS, CCIM Candidate
Bryce Jones, Broker/Realtor | ABR, CRS, e-PRO, GREEN, GRI, RSPS, SFR
Karen Marcy, Broker/Realtor
The Jones Group @ Sunriver Realty | 57057 Beaver Drive | Sunriver, OR 97707
Mobile: 541-420-3725 | Mobile: 541-420-4018 | Mobile: 503-327-9611 | Fax: 541-593-5123
Licensed in Oregon