If you are a home owner, have you ever thought of purchasing a second home? There are lots of reasons why someone might buy a second home. Chris and I considered purchase the house that is attached to our own when we first bought this house. We would have used the second house as a rental property. What could be better to keep an eye on tenants other than living right next store to your renters?
I’ve also thought about buying a cottage. I grew up having a cottage and I loved it. I’ve even gone so far as to look up properties in the area of where my old cottage was but the prices have just sky rocketed. So the next best thing would be to actually buy a house in a town near the idea cottage vacation spots. The houses that I found were only about 1/4 of the price of the cottages on the lakes and they had more space and land.
We’re holding off on those ideas right now, but if you are thinking of buying a second home- whether it be for pleasure, rental or as a short term vacation home, maybe even a time share property then you should go have a look at GMAC Real Estate Second Homes. GMAC Real estate has great information on second homes, ones that you can find on the internet. The GMAC site is organized in a way that makes it easy to find the information that you need. Whether you are selling your property of looking into purchasing a second one, you’ll find a lot of good information. There are articles about buying and selling second homes, tax implications, and rental opportunities. Check it out.