Wednesday, January 20, 2010

Read This If You Are Considering Buying A Second Home

By Connor Sullivan

Whether you have had your eye on a luxurious Hawaiian vacation rental for a Poipu vacation, or you find yourself constantly in the whirlwind of business travel, you have probably considered owning an alternative residence. There is many things to consider when deciding to make a purchase this large, but in the long run, it is a decision you will not regret. Even families with limited funds will have a lot of reasons to consider a second residence. It will raise your quality of living, save on precious time, and expand your dreams of success and comfort.

There are a lot of people who return to the same travel destination each year. When the time comes to plan the family getwaway, they know exactly the destination. And whether it is a few hours drive to the nearby seashore, or an eight hour flight to ski snowcapped mountains, one thing remains the same. Your family engages in the same traditions year after year, and precious earnings are spent on a rented property. Staying in a hotel means always dining out. Renting from somewhere else means you are forced to endure whatever dcor choices they have instituted, regardless of your taste.

These trips away never feel quite right because you can only be so comfortable in someone elses surroundings. If this sounds familiar, it may be time to consider purchasing a home of your own in this familiar destination. No more giving money to someone else every time you plan a getaway. Now you will be paying yourself just as you do with your primary residence.

Maybe you are too busy for vacationing, and it is business travel that returns you to that same old spot. Imagine the money you will save by having a residence at your most familiar business travel destination. Chances are, every time you go, you find yourself there for several days or weeks. Even long term stay hotels are unable to provide the comfort and safety of a home. Instead of using cash to pay for a business travel hotel, provide yourself with a convenient second residence. You will be thrilled with the efficiency you can be when you are returning home each evening to your own residence. No more strolling down vacant hallways with filthy carpet in search of the ice machine. To relax and unwind you can get cozy near the fire with a hot beverage, in the comfort of your home away from home.

Finally, if you are considering puchasing a second home, consider the ways it can make you money. Besides the initial reason for your purchase, you can rent the residence out to others when you will not be using it. You will also be able to share it with your friends and family, allowing them the chance to travel and save money. Does the extended family drive you crazy and have not left the house for more than a few hours because they can not afford a pricey stay somewhere? Now, they will have a chance to travel and you will all have a break from one another for a few days! If you have considered buying a second home, now is the time to act. It is an investment you will not regret.

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