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Second Homes - thinking out of the box

By
Real Estate Agent with RE/MAX Allegiance

Many buyers think a second home is out of their reach. But sometimes all it takes is thinking out of the box. Consider these possibilities:

1. Buy land. Purchase the land first with the plan to build on it further down the road.

2. Go for 'access'. Buying a property with waterfront access instead of waterfront can be more affordable.

3. Consider having neighbors. Condos can offer the amenties location you are looking for without the price of a single family.

4. Don't go for the address. Look into communities other than the 'hot' addresses with the 'hot' price tags.

5. Make 2nd first. Consider making your second home your first and renting something modest close to the office.
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Thinking of buying a second home in Virginia Beach? Contact us. We are here to help. Or visit our website for an automated email home search. It is fast, automatic, and free!

Comments(3)

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Kristal Kraft
Novella Real Estate - Denver, CO
Selling Metro Denver Real Estate - 303-589-2022

I like your #5, what a great idea!  When working so much time is spent at work, having a smaller home, more conveniently located makes very good sense.

Thank you for your post!  I will pass this along.

kk

Jul 12, 2006 01:08 AM
Jason Ungos
Real Estate Technology - Lewiston, ID

I like #5 as well. Will pass this along. Thanks for the great tips.

Jul 12, 2006 04:26 AM
Bonnie Cox
RE/MAX Masters - Denver, CO

We have a second home in Santa Fe, New Mexico.  One thing that I always advise those thinking of buying a second home is to make certain it is less that three hours from the primary home so that they will fully enjoy it.  Our second home is 5.5 hours away and while we do not get there as often as I would like, how can we as Realtors??, we have been very successful in renting our second home SHORT-TERM only and managing that aspect of it ourselves via the internet.  If you would ever like information on how we have done that, feel free to contact me.

Bonnie Cox

Bonnie Cox, ABR, CRS, GRI
e-PRO Certified Professional
RE/MAX Masters
6400 S. Fiddler's Green Circle
Englewood, CO  80015
PH:  303-400-6060
FAX:  303-400-6161
www.TeamCoxRealtors.com

Jul 12, 2006 06:26 AM