America is moving, and it isn’t just because those leaving the cities can work from home. Seniors are looking for their dream home in retirement or choosing to live in a warmer climate. When making the big decision to purchase an additional property, it’s essential to evaluate the pros and cons.
The joy of having a place you can vacation at a moment’s notice is understandable. Avoiding rental fees for vacation and making a place your own are additional advantages to having a second home. Before you jump for a beach house, be sure you balance the work involved in another home against the pleasure of the sand between your toes.
If you aren’t going to spend months at the second location during the year, renting can still be a solid bet. Paying the property taxes, home insurance, maintenance repairs, and having someone to manage the property can make this decision a challenge.
Understanding the pros and cons will help you make an informed decision. Read HERE to help understand the positives and negatives of what may still be your best decision ever!
If you want advice from a local, experienced Realtor who can help walk you through an analysis of your potential second home – or if you are considering downsizing from your house to a retirement community and want tips on how to get the most out of your last home sale, contact Amy Lance. Email [email protected] for a free consultation.