Second
home is like a dream for every American. Who does not want to have a house at
beach or at hillside? A house of your own, where you can spend your vacation
along with friends, family. Although, the idea of having a second home is very
compelling, it requires a lot of effort and money.
Dean
Graziosi explains all about buying and keeping a second home. Dean Graziosi is
a famous realtor. Anyone residing in United States can easily recognize Dean. His
infomercial series has been running on national American TV channels since
1998. He conducts live events in various states of America. He teaches
aspirants through his live seminars and his infomercials how to conduct real estate deals.
He has
also written books on the subject of real estate. Most of his books has made to
bestselling list of renowned magazines like Wall Street Journal, New York Times
etc.
Why It Is Fun to Have Your Own
Second Home:
There
are so many reasons. Take for example: there is vacation and you want to spend
it at your favorite beach. There are hindrances like booking hotel or cottage,
getting perfect place, then finally missing family, and feeling homesickness
all can collectively ruin your vacation. Having a second home gives you
pleasure and atmosphere of ease.
What is The Big Deal?
Despite
of irresistible urge to have a second home of their own, people back off from
their desire due to lack of funds. We can say money matters most.
What is a Second Home?
- It is a one-unit property, located at a considerable distance from your primary residence.
- You can occupy the home for a year or for the time longer than a year.
- To qualify as a second home, the home must not be rented.
- It must not be a part of timesharing arrangements.
So
putting it precisely, a second home could be an hour away from your home. It
could be the house where your kids live while they are studying and it could be
the house you use whenever you are out to a town or city.
How to Find a Second House:
Finding
a second house of your own is not a big deal. You can search it with the help
of a real
estate agent.
You can also search it at internet or in local newspapers. You can ask the
agent for any specifications you want in your house. Once you bought the house,
you can do alterations to its structure, like making a balcony facing river or a
glass ceiling of your bedroom etc.
How to Finance Your Second Home:
You can
solve financing issue by making proper planning. You must keep in mind a few
things while making the deal on your second house:
- How affordable the home is?
- How much time does it takes to reach there.
- Does it have resell market?
Affordability
is not a big issue. Several types of mortgages are available that can make your
dream come true.
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