Tips On Buying A Second Home

13 Jul

For most people, having a second home is a dream come true. Sure, they have their first, but they want another home to really go and relax, to have a vacation or just to have a time off the responsibilities of work and home.

Here are some tips on how you can buy a second home without looking impractical or insane – which in the economy of brown paper bags at designer clothing stores… is apparently an issue.

  • Think of the primary reasons why you are considering a second home. Will it be for the kids in the future? If so, make sure it is somewhat near to your first house. A nice rule of thumb here is a second home you can get to in 3 hours – be that by plane, train or automobile. Make sure it far enough for you to leave behind the busy city.
  • If you want a low maintenance house, consider a condominium unit. That way, even if you come to your second house twice or thrice a year, you need not to worry on the maintenance and spending your first couple days of vacation making it feel “habitable” again.
  • Choose the perfect location for your house. You can filter your searches by choosing the right neighborhood for you. That way you can save much time and effort in searching only in feasible places. Because this is a second home – you can forego certain amenities in leu of that perfect location since you will only be here a few times a year.
  • If you already have chosen a location, find out more about the neighborhood. Include the security in the community as well as the crime rate. You will have to leave the house more often so it is best to make sure that it is in a safe place.
  • Try to visit the area at different times of the year. This will give you an idea on what it is like in various times.
  • Ensure that there are health care centers, schools and market are nearby. This way, once you stay for a longer period of time in your second house, you can have all you need within your reach.
  • Always check the weather of the place. Will it be ideal for YOUR vacation?
  • Consider the price of your second house. Will it be reasonable enough for a thrice a year stay?
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