BUY. SELL. RENT. VACATION.

  • Home
  • Services
  • Property Management
  • Available Rentals
  • About
  • Contact
  • Home
  • Services
  • Property Management
  • Available Rentals
  • About
  • Contact

Tips on making the best of a second home

1/30/2019

2 Comments

 
Owning more than one home is a good financial strategy to have and a great long-term plan towards retirement. When the chance arises, a lot of people prefer to invest in a second home. While the use might not be immediately apparent, it is actually more useful than it seems at first glance.
 
Second homes are great as an additional lifestyle option, but they can be even much more than that. Here are some of the best ways to make the most of a second home:
 
Investment purposes
 
There are many financial instruments available to invest in such as fixed deposits, mutual funds or even precious metals like gold. However, a second home is a good investment to have. Market metrics indicate that real estate investments are one of the best performing asset classes with higher returns on investments than almost all the previously mentioned assets.
 
 Tax benefits
 
A second home is a great way to get tax benefits on the interest payments on your mortgage. There are also other deductions that you can claim even when you are making income from the home.
 
Retirement
 
You can make your second home your retirement villa. If you live in the city, you can buy a home in a quiet countryside of your choosing where you can either live when you have retired or also rent out part of it as an income property. When retirement comes, there’s a good feeling that comes with being able to make the choice to leave the city and relax in a quiet country while maintaining a similar standard of living.
 
Rental property
 
Your second home can serve as a rental property that will be generating income for you. With the help of reliable property management company, such as Lokahi Properties, you can turn over your second home to be rented out to tenants. The income can even be enough to pay part of the mortgage for your first house.
 
Vacation Home

Buying a second home in a coastal area can give you a vacation spot where you can take your family for holidays. In most areas, you can also rent it out by using a property management company, such as Lokahi Properties, to find short stay tenants. This will help cover most of your maintenance expenses and even some mortgage costs during peak tourist seasons.
 
Having a second home does not have to be a luxury. With efficient property management, you can turn it to an income generator that will help you meet your financial goals. If you are considering getting a second home, be rest assured that there are many ways that it would benefit you both financially and non-financially. 
2 Comments
Matt link
8/23/2019 11:36:12 am

Congratulations, you literally wrote one of the best posts I've seen in forever. If your blog isn't already taking off, it definitely will if you keep sharing posts like this one.

Reply
mohammad link
9/26/2019 01:27:55 am


Awesome post I might want to thank you for the endeavors you have made in composing this intriguing and educated article.




<a href="https://propertyforsalenearme-site.blogspot.com/2019/09/preparing-your-property-for-sale.html"> VolgoPoint Property for sale</a>

Reply



Leave a Reply.

    Listings for sale

    Author

    Dana Kern is the Principal Broker at Lokahi Properties

    Archives

    January 2020
    November 2019
    October 2019
    September 2019
    July 2019
    April 2019
    March 2019
    February 2019
    January 2019
    November 2018
    October 2018
    September 2018
    August 2018

    Categories

    All
    Home Buying
    Moving
    Newsletter
    Property Management
    Real Estate Investment
    Rentals
    Vacation Homes

    RSS Feed

    View my profile on LinkedIn
HOME
SERVICES
AVAILABLE RENTALS
VACATION RENTALS
ABOUT
FAQ
CONTACT
Picture
Lokahi Properties RB-22633
Dana Kern Realtor Broker RB-22620 ​​
​
​
[email protected]
Copyright © 2025 All Right Reserved, BUY. SELL. RENT. VACATION.
​Terms and Conditions/Privacy Policy