Second Home Mortgages

The U.S. mortgage market is going though a period of dislocation related to the increasing level of loan defaults, particularly on so-called sub-prime loans. While it started in the sub-prime market, the difficulties there have begun to bleed over into the regular mortgage market. As a result, formerly solid lenders, such as Countrywide (the nation’s […]

Second Home Tax Issues

If we ever needed another example of how convoluted U.S. tax law has become, it can be seen in the outline in an article from Realty Times on how the tax code deals with vacation home ownership expenses and deductions. If your family uses your vacation home and you also rent for part of the […]

Make the Most Out of Your Small Kitchen

Older cottages might be blessed with many things: lake or ocean views, large lot sizes, etc., but they are often lacking in the kitchen department. Often space was limited anyway, and there was more emphasis placed on bedrooms and living rooms since the original owners probably planned on cooking outdoors more often than not. But […]

Septic Systems Explained

For a second home owner whose primary residence is in the city, suburbs or otherwise “in town”, septic systems can be a huge mystery. But for many who own vacation homes in more rural areas, septic systems are a fact of life. They can be intimidating for those who have never had to worry about […]

Top Three Listings This Week

Here are the top three most popular listings for the week on 2ndhome.net: #1 has been up twice now, and is a 3 bedroom, 3 bathroom home for $499,000 in Galveston, Texas listed by Keller Williams Realty Texas Gulf Properties. #2 is an oceanfront contemporary in Harpswell, Maine on almost 4 acres for $899,000 listed […]