Wanna buy a second home? You are part of a major trend that’s fast catching up in US. According to the National Association of Realtors, vacation and investment home sales account for 36% of all existing & new residential transactions.
Your first home is usually bought out of sheer necessity with so many practicalities in mind – like proximity to your workplace or children’s school, the need to stay close to the hustle and bustle of the city streets, limited funds etc. A second home, on the other hand, is more than just ‘a roof over your head’. It doubles up as something more. It can be a vacation home along the beach, a home that symbolizes pleasure and a laid-back lifestyle or it may be an investment that would yield rich dividends in a few years down the line. It can be an additional source of income in the form of house rentals. Or it can be a retirement home, where you plan to spend the golden years of your life. Whatever be the reason to buy a second home, you can consider the benefits of buying a second home in the scenic gulf coast of Southwest Florida.
Pleasant tropical climate with year-round sunshine make Southwest Florida the most inviting place to spend those winter months far, far away from freezing temperatures and thick, white blankets of snow.
There’s something for everyone in Southwest Florida-be its fishing for the dad or sunbathing for the mom or shelling for the kids. There’s the turquoise blue waters, the clean, green nature sanctuaries, exotic wildlife adventures, numerous museums, golf courses, amusement parks, restaurants, shopping malls, discotheques and everything you’ll need to amuse yourself and your family on that dream vacation, year after year.
Waterfront properties near canals or winding rivers sometimes have a ‘boat in the backyard’ option, where you can actually park your boat right behind your home, something you’ll never get to do in a city home. So, if fishing is a big passion, you can indulge in it as much as you want in your second home in Southwest Florida.
Most parts of the gulf coast with its rich natural resources are protected reserve areas. The lands available for housing in this region are limited. Hence, residential property rates in Southwest Florida have a higher appreciation rate and you can earn greater dividends on your investment at a future date.
Southwest Florida is a favorite year-long vacation zone for people from all parts of America. So, there is a continuous in-flow of tourists who are looking for good quality places to stay. You could earn a rental income from your second home if you rent it out when you’re not staying there. This could actually pay off a part of your mortgage to your second home. This could be a win-win situation for you because you get to live in your very own vacation home and also earn an income from it. However, you must remember that you have to pay an additional Capital Gains Tax when you rent out your second home.
Southwest Florida is a great place to invest in a second home. Strengthen your search for a good builder who can build a beautiful second home for you in Southwest Florida by going to the following site www.swflnewhomemall.com which connects the buyer at home with the best builders in Southwest Florida.
Ray is an experienced and knowledgeable real estate writer who is committed to providing you with quality, usable, real estate content. His real estate background spans 12 years.
