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But in order to capitalize on your investment, you must either make rental income or. A vacation home will allow you to a place to recharge and relax, and family members and friends could potentially join you. It can be a smart move to “try before you buy,” says tammy barry, director of sales and marking for heritage harbor ottawa, a marina resort community along the illinois river.
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There can be critical drawbacks to purchasing a home first. When considering buying a new house before selling your old one, the first thing you need to do is decide if you can afford two mortgage payments at once. If you had change orders or other costs added to the new home price, do you have enough cash to do it?