Caveat Emptor for Vacation Home Buyers

The Latin adage, caveat emptor, which translates ‘let the buyer beware’ is exemplified by a recent article from the Inman News Service. It chronicles the tale of second home buyers who were sadly surprised when arriving for their first winter stay at a remote mountain cottage, that the fireplace insert they had assumed stayed with […]

Flipping Homes is Not Such a Bad Thing

House flipping has been getting a lot of attention in the media lately, and most of it is definitely not kind. Many investors who took out multiple loans to purchase properties intending to flip them, ended up getting stuck when the market started to stall. Many of the properties purchased by these investors are now […]

Tax Breaks from Second Homes

If you own or are buying a second home, you should be aware that, as written, current tax laws encourage second home ownership by allowing deductions for mortgage interest, property taxes and other expenses on vacation homes. The Washington Post offers a detailed look at how buying and owning second homes can result in tax […]

Are Condos the Better Choice as Second Homes?

A recent Zogby International poll conducted for the Foundation for Community Association Research concludes that there is high satisfaction among owners of condos and town homes. The survey indicates that 7 out of 10 owners of condominium units or town houses are pleased with their purchase. This form of ownership is particularly popular for second […]

What You Can Get for $1 Million to $1.35 Million

Village of Tiki, Texas: $1,349,000 4 Bedrooms, 5.5 Bathrooms, .74 Acres Incline Village, Nevada: $1,349,000 4 Bedrooms, 3 Bathrooms, .45 Acres Sarasota, Florida: $1,300,000 3 Bedrooms, 4 Bathrooms, 5470 Square Feet, 10 Acres, Waterfront Block Island, Rhode Island: $1,300,000 5 Bedrooms, 2 Bathrooms, 3.2 Acres Hilton Head Island, South Carolina: $1,295,000 3 Bedrooms, 3 Bathrooms, […]

What You Can Get For $700K to $800K

Nags Head, North Carolina: $799,000 3 Bedrooms, 1 Bathroom, Oceanfront Sutton, New Hampshire: $795,000 5 Bedrooms, 4.5 Bathrooms, 8 Acres Orange Beach, Alabama: $779,900 4 Bedrooms, 4 Bathrooms, Condo Holland, Michigan: $759,900 3 Bedrooms, 2.5 Bathrooms, 4836 Square Feet, 4.23 Acres Hills Beach, Maine: $749,000 3+ Bedrooms, 2 Bathrooms, Oceanfront Gibraltar, Wisconsin: $728,000 4+ Bedrooms, […]

Buying a Prefab Home

With the wide variety of factory-built homes now available (everything from tiny, modern structures to huge historic reproductions are available), it’s no wonder that second home owners across the country are considering a modular or other systems-built home. After all, when you live hours away from your second home site, it’s difficult to supervise construction […]