Buying a Second Home: What to Consider

Buying a Second Home: What to Consider
A home equity loan on your primary residence may allow you to purchase a second home in a vacation destination. The Good Brigade/Getty Images
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Real estate experts all say the three most important factors in choosing a property, particularly a second home, are: location, location, and location.

With our ability to travel to the other side of the globe in a matter of hours, a second home can be anywhere. However, some practical issues need to be considered, such as how often it will be used; a second home located a few hours away by car will most likely be used more often than one that’s on the other side of the globe. Access became a real issue for many after 9/11. Finances need to be considered as well. Which raises the question: What and where is your ideal second home?

Sandy Lindsey
Sandy Lindsey
Author
Sandy Lindsey is an award-winning writer who covers home, gardening, DIY projects, pets, and boating. She has two books with McGraw-Hill.
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