Buying a second home is a big decision, especially if you intend to use it as a vacation home. Of course, there are many things to consider beforehand, including the associated costs. When you’re ready to start looking for a second home, here are some factors to consider.
Cater to Your Lifestyle:
While your primary home fits your daily lifestyle needs, like being close to schools and jobs, buyers often seek a second home that aligns with their personal interests and provides them with a desired lifestyle. Whether that means living in the mountains, or along the coast, this home should provide you and your family with a place to make special memories.
Are you willing to travel on plane to your vacation property? Or is it essential that it’s only a car ride away? It’s important to consider how often you plan to use this home. If you anticipate it being used for extended stays, you might be willing to travel a bit further, whereas you’ll probably want a weekend destination to be closer to your primary home.
Seasonal or Year-Round:
For some buyers, a deciding factor for a second home could be the amount of usage that they’ll get out of the home. While some properties can only be enjoyed for part of the year, one that has year-round appeal will allow you to get the most out of it. If you’re someone who loves to ski in the winter and hike in the summer, a mountain home may be the path for you to enjoy all seasons in your second home. Our experienced team at Corken + Company includes agents who specialize in the surrounding mountain areas and can help you find the perfect mountain home.
Long Term Goals:
It’s important to discuss how this property aligns with your long term goals with your financial planner. Whether you see it as a short-term investment or a place you can retire someday, a second home is a smart way to help you to achieve your financial goals.
Work With a Local Specialist:
Every one of our agents has proven experience in the area, including the mountains. Second home markets can be significantly different from a primary market. As a result, it’s recommended to work with a professional who has a strong understanding of your desired location. As always, feel free to reach out to a trusted team member here at Corken + Company who are always here to help you with this decision!
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