Buying a second home is a huge commitment. If you do choose to put money into a second home, you have to do it right.

For a decision to invest in a second home to make sense, you have to consider:

  • Legal issues surrounding being able to rent out the property when you are not around. You don’t want to be handicapped by deed restrictions and condominiums’ or gated communities’ codes and restrictions
  • The tax implications of owning the second home
  • Whether or not the numbers – income and outgoings – make financial sense
  • Your long-term goals and retirement plans
  • Financing options available to you
  • The state of the community you will be joining
  • The soft issues such as the recreational amenities that the neighborhood offers. Read more on blog. For more details contact us.

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