Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

How to Find the Perfect Second Home


Published on

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

Published in: Real Estate
  • Login to see the comments

  • Be the first to like this

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.