Is Buying a Second Home Right for You?
June 12, 2015Living in the city or suburbs can take its toll. Driving into work every day, on the same routine, is there a cure? Vacation perhaps, but there is another possibility out there; a second home. This may seem like an unattainable dream, but it’s actually more viable than one might think.
With the right vision, planning and drive, the dream second home can be a reality. Here at Luetgert Development, a luxury home builder in Ocala, we believe in our clients ideas. It is our goal to bring your concepts to fruition.
Deciding on the Right Spot
Location is a key aspect and a first step toward finding your dream home. Popular locales are those such as beach front properties at Jacksonville’s beaches, the lakes and upscale golf clubs of Orlando, and the horse bound hills of Ocala. Make sure to get to know the area even if you’ve vacationed there before, as a destination may be much different in the off-season.
Making it Affordable
Sometimes it just doesn’t make sense for an owner to have a house that he or she only uses a few months out of the year. There are many options to offset the cost of a second home, including renting, becoming a landlord, and fractional ownership. Fractional ownership will lessen the burden while sharing the costs with friends or partners. Additionally, it’s actually possible to eventually turn a profit on your second home through renting.
When is the Right Time?
Some may be skeptical of the idea of owning two homes, but as described above it can be manageable, or even profitable. In 2014, vacation homes accounted for 21% of all homes sold. The improving market for vacation homes allows for safe and rewarding purchases.
What ideas do you have for a perfect second home? Here at Luetgert Development, we have the skill and experience to bring your dream home to life. If you are considering building a home, please give us a call. We would love to hear from you.
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