Once buyers have successfully purchased a home, they might want to do it again. Second homes make great sense any time but especially while interest rates are on the low side and borrowing is cheaper. For many, a second home is an investment with rental potential and for others, it's a great get-away place. For some tips to keep in mind about second homes, read on.
1. Most people expect to gain income from their second home investment, and that may be through a rental in a popular area or in a resort/vacation area.
Living in a rental comes with limitations such as not being able to remodel the place to better suit your family's needs. However, being in a rental for a long time can provide you with valuable knowledge such as finding out what your family wants most in a house. After finding out that comfort is a high priority, you can make this a demand while house hunting.
Getting lots of windows in your home is worthwhile because you will be able to use them in many different ways to maximize comfort for your family.