Buying a Second Home or Vacation Home

By
Real Estate Broker/Owner with Green Tree Realty, LLC BR913315

Maine vacation homeThese days, many home owners are choosing to purchase second homes. The second home that many people choose to purchase these days can be used for many different reasons, but primarily, the majority of people buy second homes to use as their vacation home. A second home is usually a reasonable distance from an individual’s primary home and it is a home that they live in a few months or even a few weeks out of the year. But, in order to be classified as a second home, the home that is purchased cannot be rented out or used as a timeshare. The second home that many people purchase is usually a one-unit property and could be similar to a cottage or bungalow. A second home is actually a great alternative for individuals and families that love to travel but are not interested in constantly getting hotels and other temporary places to stay. A second home affords people the ability to vacation consistently while having the comfort of staying in a place that they can call home.

But, it seems that finding a second home can be quite a challenge. First of all, it is important for people that are interested in buying a second home that the locale is in a place that they want to visit frequently. For instance, if an individual likes to fish, it is beneficial if they bought their second home close to a lake. And, if another individual loves to ski, a second home located in the mountains would be a great fit. Individual’s interests will define where they want to purchase their second home. In order for anyone to find their perfect second home, it is best to check the internet for upcoming sales or ask a trusted realtor. The reality is that purchasing a second home is great for all types of individuals that enjoy vacationing.

Comments (4)

Edward & Celia Maddox
The Celtic Connection Realty - Queen Creek, AZ
EXPERIENCE & INTEGRITY - WE TAKE THE HIGH ROAD

Looks like a very nice home. Good luck in selling this one and others in 2013.

Jan 14, 2013 12:42 AM
Nina Rogoff
RE/MAX Executive Realty - Medfield, MA
Sells Real Estate!

Hi, Veronica...hope that anyone considering a second home in the Portland Me area will contact you! Owning a second home would be a dream come true for most of us!

Jan 14, 2013 01:14 AM
Pat & Steve Pribisko
Keller Williams Greater Cleveland West - Westlake, OH

Victoria, good blog on second homes.  We are are seeing both those who are buying true second homes that are within easy driving distance from their homes and those who are buying investment properties at a significant distance from their homes that they use and rent out through a management company.

Jan 14, 2013 04:08 AM
Veronica Schneider
Green Tree Realty, LLC - Portland, ME

Nina - Thank you for the kind words! I do 100% agree with you, it would be a dream come true!

Jan 16, 2013 04:06 AM