Tip of the Day

Buying A 2nd Home

Are you thinking about a second home as an investment?  So that you won’t be having second thoughts about that second home, there are a couple of “house rules” to follow to make sure it’s a smart decision.  Be sure that the locales you choose and style are a fit for your lifestyle, too.

If you’ll be renting it out, learn about the maintenance details ahead of time.  You’ll also want a clear idea of what’s involved in dealing with renters – such as handling inquiries, credit checks, deposits, scheduling, and cleaning.  You might want to coordinate it yourself or have a management company do it for you. 

If it’s a vacation home, you’ll want to spend time in the area first and picture if this is a place you might want to live in the future.  Is it an area you enjoy and a location you can feasibly travel to as often as you are planning?  Do your homework first and you’ll be happy with your home away from home. 

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