Owning a Second Home
If a second home is something you've been considering, get the information you need. It’s important to make an informed decision.
• What are the best second-home locations?
• How can I determine my return on investment?
• I’m interested in resort property.
• Should I buy resort property now?
• What's my next step?
What are the best second-home locations?
Typically, the best locations are no more
than 2-3 hours away from major metropolitan
areas by car or plane.
Many second-home locations are exclusive and
discourage overdevelopment, such as Hilton
Head, SC, and East Hampton, NY. Other
locations, such as Florida, encourage second
homes.
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How can I determine my
return on investment?
No one can predict the future. However,
there are things you can consider to help
ensure a second home works
for you.
• You'll enjoy it more if you use it
frequently.
• Be sure you can get to it quickly for
spur-of-the-moment getaways.
• Consider your interests.
• Choose a place you'll enjoy playing in
today and retiring in tomorrow.
• Trust your knowledge about your local
area.
• You're likely to make a better investment
when it's closer to home.
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I’m interested in resort
property.
Today, thanks to technology, a resort
property can be more than just a vacation
destination you visit once or twice a year.
It can be a second home where you live and
work part-time throughout the year. It's a
home you'll spend even more time enjoying
later in your retirement. And until then
your resort property is a tangible symbol of
your career achievement and financial
success—and one you can share with those you
care about.
The best resort areas are the ones that fit
your lifestyle preferences. Begin your
resort property search by determining where
you most want to be and what you most enjoy
doing. Do you prefer warm weather and water
sports? Or does your idea of fun involve
snow-covered slopes? Perhaps golf is your
passion. Or camping. Maybe your ideal
location has a thriving performing arts
community.
Whatever your choices, The Prudential Resort
Properties Network® has real estate
professionals in just about every area
throughout North America. This will enable
you to consider specific communities and/or
destination resort areas. And you'll be able
to consider and compare properties in
"parallel" markets if you choose.
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Should I buy resort
property now?
It's never too soon to pursue your dreams.
Today the appreciation in many resort areas
can be better than in major metropolitan
areas. So this can be a perfect time to
seriously consider investing in a resort
property—one you can enjoy now and for many
years to come.
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What's my next step?
If you’ve been considering a second home,
make the move that can turn the getaway spot
of today into a second home for a lifetime.
A knowledgeable Prudential Real Estate
professional can help explore the best
options for you.
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