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How to Find the Perfect Second Home

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If you're considering a second home, it's a good idea to have a plan for how you plan to find one.

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How to Find the Perfect Second Home

  1. 1. How to Find the Perfect Second Home
  2. 2. Make an Investment • Many couples or families choose to purchase a second home as a real estate investment. • Be sure your financial position is favorable. • Whether you rent it out or use it as a vacation home, you need to do your research.
  3. 3. Home Away From Home • If you’re looking for a vacation home, it needs to still feel like a place where you want to spend your time. • The worst kind of investment would be a home that you never use.
  4. 4. Follow Your Interests • Choose a location where you will want to spend time. – If you like skiing, look at Park City, Aspen, or Sun Valley. – If you like beach life, look at Florida, or California.
  5. 5. Choose Your Realtor Wisely • Work with someone whose opinion you trust. • Find someone that will patient with your decision making process.
  6. 6. Bargain Hunting • Look at states and cities that have a lower cost of living. • Growing or revitalized areas have increasing value, but are usually relatively cheap at the time. • If you are looking at a more popular location, like Park City, find a community that is a few miles away. The pricing will be lower.
  7. 7. Consider Building Your Own • You can buy your own plot of land and build a custom home. • This is a common practice if you’re wanting a cabin. • Luxury communities also allow you to purchase plots within their boundaries.
  8. 8. Test Community Atmosphere • Don’t commit before you meet the neighbors. • Find out about the community and community events. • Look at safety and security measures.
  9. 9. Study Taxation • Look at property tax laws in the state, county, and town you want to purchase the home in. • Sometimes moving just outside a city’s boundaries will make a large difference in your taxes.
  10. 10. Check Out Red Ledges! • Red Ledges is a golf-oriented luxury community located near Park City and Heber City, Utah.

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