Second Home

News & Information

To Rent or Not to Rent
As you consider your vacation home purchase, keep in mind the hidden financial treasures you can step into: rental income from vacation homes. According to the U.S. Bureau of Census, one-half of all second-home owners leave their home unoccupied for more than 330 days a year. Perhaps its time to be in the other half—the ones with vacation homes paying for themselves.
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Landscaping Your Second Home
Time spent in the garden is meant to alleviate stress not add to it. So when you’ re ready to start landscaping around your second home, consider the time crunch. Even the most passionate gardener can use a break from weeding, watering, and planting. To get the most out of your time and garden, keep it low-maintenance.
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Tax Benefits & Second Homes
As you embark on buying your second home, the financial advice you receive can make your decision sane, secure and profitable. Your accountant or tax advisor should be a key part of your decision making once you have found the location you want. Following are several items to discuss with them.
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Considerations for Buying Land
Have you ever had this experience? You’re driving in your favorite vacation area and see a gorgeous piece of property, ocean view, mountains behind, no neighbors, and your first thought is, “Why don’t we just buy some land and build on it?” Good question. Buying land is particularly appealing if you consider yourself a staunch individualist, wanting things precisely the way you want them—your design, your locale, your land. There’s a lot to consider, however, so here is some of what’s involved.
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The American Dream
The American Dream, as it pertains to vacation property, goes something like this: You buy a vacation property at the seashore (or on the ski slopes, at the desert or at the lake). You and your family vacation at your private hideaway for two weeks each year. The rest of the year, you rent it to other vacationers and the rental income pays all the expenses.
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Finding the Best Second Home Location
A second home is as much of a reflection of who you are as your primary residence, and so deserves thoughtful consideration. While you’re researching locations, here are some tips to help you discover the best place for your vacation home.
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Financing Your Second Home
As you consider purchasing a vacation home, the financial decision is as important as the emotional one. There are plenty of reasons to follow through on your purchase, providing you do your homework first.
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Top Three Reasons to Buy a Second Home
We at EscapeHomes believe the number one reason to own a second home is for the sheer enjoyment it brings to you and your family. While the financial implications of a second home carry considerable weight, we hope that your second home is first a place for fun, relaxation, and quality family time.
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