What to Consider When Purchasing a Second Home

A Second Home Checklist

Purchasing a second home can be a life-long dream come true. A second home for family vacations, retirement or just "because" is sure to provide you with years of pleasurable memories and fabulous weekend getaways. Finding that second home may not feel like a vacation.

Location is Key

Location, location, location. We hear it all the time and it's true. Location is key when purchasing real estate. This may be even more so when it comes to a second home. To ensure you are choosing the right second home visit the location several times and at different times of the day. Also, if you have the time, visit at several different times of the year. And to be sure you will get the best bang for your buck from your second house, try to keep it within a three hour drive of your current home. This will ensure easy access year round and avoid costly airfare fees whenever you want to get away last minute.

Year-Round Considerations

Some resort or seasonal destinations may look significantly different in the off-season. Check out the surrounding areas and remember, just because you may be on vacation overtime you stay at your second house, you will still need amenities. Be sure stores, medical care, emergency services and car services are within each reach.

To Rent or Not to Rent?

Purchasing a second home can be a great source of rental income, if you can rent the house out. Check with the H.O.A and City Hall to see if short term rentals are allowed in the area. ;Be sure the home you are considering has what renters would expect from hotels in the area and you can price it accordingly. Purchasing a second home is a big step. Any real estate transaction takes careful consideration and help from professionals. ;Patriot Title Agency, Inc. is your source for full title and escrow services, offering pricing and a wide range of title products that make them the best value in the business. Patriot Title Agency, Inc provides real estate settlement services in 19 states, issuing title insurance policies underwritten by Stewart Title Guaranty. For your full title and escrow service needs call ;Patriot Title Agency, Inc. in Ohio ;at 1-866-475-3005 or 330-479-3000.