Why You Should Buy A Second Home

If you are planning to get a second home in, let us say

, Portland, Oregon, then for certain, it will be very easy for you to find beautiful Portland Homes for Sale. You can begin your hunt online, by searching for Portland MLS that lists numerous Portland real estate properties that are presently in the market. Not everyone has the financial capacity to purchase their own second home so if you think you can buy one, then, you are one of the lucky few who can enjoy the perks of having a second home. Below are just some of the reasons why it is good to have a second home:

1.It can be your vacation house.

If you want to have your own place you can go to during holidays and vacation times, then a second home is a good spot to go to. Most families love to go for a weekend getaway and having a house they can easily go to always give them convenience to continue their plans without hesitation. Their vacation home is the perfect place for them to enjoy life with their kids and relatives without being disturbed by the everyday troubles of life. They do not even have to look for a hotel because they already have their own property to stay in during the vacation days. Properties near coastal locations and that are surrounded by scenic and picturesque views are always the in-demand for a vacation home, and oftentimes, they are more expensive than properties in a residential area.

2.For additional income

Renting out your second home is one of the best way to earn from it especially if it is situated in a location with lots of tourists and travelers. You will find no difficulties finding renters, whether for short-time or long-time visits. When you set your rental fee, make sure to research first about the area and the other rental properties located in it. It will be easier for you to know the reasonable rental fee to set if you have an idea about the rental market in the area. The property will also most likely to increase its market value as time passes, making it a sure investment for you.

3.For retirement

Getting a second home to be your retirement place is also a good decision, especially that homes and lots now are cheaper compared to what they will be several years from not. Once you are old, it will be harder for you to move around, travel and hunt for homes that is why buying a second property why you are still young and energetic will be beneficial. The home equity you will get from the current residential property you own will be a helpful financing source for your second home.

by: Karla Mitchell

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