You’ve dreamed and planned for owning a second home. Imagine enjoying vacations whenever you want, entertaining family and friends, and creating a home away from home.
There are many good reasons for owning a second home. Before you take that step, there are some considerations for your careful planning.
First, many second home/vacation home owners take the steps to improve family time and take a break from their hectic daily schedules. Booking reservations and the overall cost for vacation time can mount quickly. Often times, a vacation home purchase simplifies the vacation process, while offering an opportunity to build a legacy for a lifetime.
A second home creates a gathering place where new traditions are born. And, as Mark Patterson notes on the “U.S. News & World Report” website, that family vacation home may eventually become your family legacy.
Buying that second home in a location where you desire to retire provides wonderful vacation opportunities and allows you to establish community ties that make for a smooth transition down the road. A “trial run” if you will, with the opportunity to build friendships and immerse yourself in local activities. What better way to determine if this is the place to spend your retirement years?
Though you may not want to rent your vacation home when you’re away, financial benefits may still be available.
Modest appreciation over the years, along with some tax benefits, make the option even more appealing.
Lastly, second homes, like relationships, need TLC. When considering your second home purchase, make sure you know your options for maintaining your home, but remember your friends and family for that emotional ROI. Making Memories...Priceless.
Make your escape to Useppa Island.
Paradise Without A Passport!
