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Picking The Right Property:
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Purchasing a Second Home: There's a growing trend among late baby boomers and young seniors who are experiencing empty nest to invest in second homes that serve as a getaway, an investment and as well as a possible new permanent residence down the road. Making An Investment: For many Americans, investing means real estate. For many late age boomers and young seniors, this includes purchasing A second home. This could be:
With today's growing population of aging baby-boomers who are retiring with record levels of equity income, tax-free profits of up to a half million dollars from the sale of homes, poor performing stock investments, many homeowners aged 46 to 65 are seeking the security of reclusive retreats and viewing them as great investments as well as wise lifestyle choices. You are not Alone. The facts are:
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A great number of second home buyers do not move into the second home right away. They rent them for a number of years, drawing income, procuring tax benefits and building equity.
As your real estate professional I can help you consider the benefits and help you better understanding the motivations behind purchasing second homes. For more information on Second Home Investments please contact me.