For many people, their second purchase of real estate will be a vacation home. Vacation homes can offer a much needed retreat as well as appreciation in well located areas. Vacation homes range from quaint cottages on the beach, a lake home cabin in the woods reflecting it's waterfront surroundings to an elegantly furnished penthouse loft overlooking a sparkling city skyline. They can also offer an under appreciated tax benefit. Second home purchases are great investments especially with the historically low financing available to borrowers. According to the National Association of Realtors, the median distance from first to second home is 185 miles--about a three hour drive. Contact me to assist in purchasing a piece of paradise!
