4 Step Plan to Own a Dream Vacation Home in Park City Utah with Friend

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If considering in buying with your friends as co-owners then it will be good in clearing the doubts among yourself before buying a condominium.

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4 Step Plan to Own a Dream Vacation Home in Park City Utah with Friends

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1. Determine the Purpose of your Vacation Home : A vacation home can be used in different ways, such as : Using it as a primary residence Second home Investment property If considering in buying with your friends as co-owners then it will be good in clearing the doubts among yourself before buying a condominium. For instance one of your friends could be thinking of using the vacation home as a money making rental unit whereas the other will have in mind in making it as a comfortable second home. To clear everyone’s point of view, you should go for an agreement for how to use the property in advance .

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2. Make an Ownership Agreement : You never know when the compatibility between your friends will turn into conflicts, for which it is considered effective to consult your attorney for drafting an ownership agreement. According to an ownership agreement it will be clear when each co-owner will get to stay in the house as well as it will specify how the costs and responsibilities will be shared. Handling the taxes, insurance and utilities of your vacation home will be easy with an ownership agreement that will help in avoiding possible disagreements and keep your relationship with friends intact . 3. Know the Exact Expense of Owning Vacation Home : It is considered good to discuss with your friends what will be the expense after buying a vacation home in Park City Utah, such as cleaning, landscaping and pool or spa upkeep as well as minor repairs. This will help in equally dividing the responsibilities among you and your friends, who are the co-owners.

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4. Lookout for a Park City Luxury Real Estate : You will find a wide range of Park City condominiums for sale at ParkCitySold.com , where many of our satisfied clients have found and bought their dream and ideal vacation home. Our Park City luxury real estate will offer you well furnished condominiums and single family homes in serene locations. We strive hard to understand your requirements and help in finding an ideal property in Park City Utah. Visit our website today and let us help you and your friends in becoming a proud Park City property owner.  

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Contact Us https://twitter.com/ParkCitySold https://www.facebook.com/ParkCityUtRealEstate https://plus.google.com/+Parkcitysold/about Nick Coleman RSPS, SFR, CNE, PMP Equity Real Estate - Luxury Group 1526 Ute Blvd Suite 103 Park City, UT 84098 435-640-7781 Cell 800-418-7893 Fax nick@parkcitysold.com www.parkcitysold.com https://www.youtube.com/channel/UCDdgK1b7ZVRrSxPKTQvtRMA

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