Synopses & Reviews
The Complete Guide to Second Homes for Vacations, Retirement, and Investment
Choosing the perfect location
Finding the right home
Forecasting investment potential
How to save thousands on financing
Heres the knowledge you need to find, buy, and get the most fun and profit from your second home
If youve been thinking about buying a second home for getaways, vacations, investment, or retirement, now is the time to do it. Youll gain from low interest rates, easier financing, large tax savings, and strong potential for appreciation. Smart buyers are getting into the market now, before aging boomers push prices even higher.
But whats the best way to afford a second home? How much should you pay? What are the tax benefits? How can you be sure youre getting good value for your money? What kinds of financing are possible? How can you negotiate the best deals and bargain prices?
Nationally renowned real estate expert Dr. Gary Eldred provides complete answers to these and all your other questions concerning the purchase of a second home. In a simple and clear style, he fills you in on everything you need to know to:
- Develop a strategy to increase affordability
- Research the market to find your best location
- Choose a home that will quickly appreciate
- Make the most of current tax-saving techniques
- Select the right homeowners insurance
- Rent to minimize risk and maximize profit
- Create value through home improvements
- Vacation free worldwide through home exchanges
Synopsis
The Complete Guide to Second Homes for Vacations, Retirement, and Investment
Choosing the perfect location
Finding the right home
Forecasting investment potential
How to save thousands on financing
Here's the knowledge you need to find, buy, and get the most fun and profit from your second home
If you've been thinking about buying a second home for getaways, vacations, investment, or retirement, now is the time to do it. You'll gain from low interest rates, easier financing, large tax savings, and strong potential for appreciation. Smart buyers are getting into the market now, before aging boomers push prices even higher.
But what's the best way to afford a second home? How much should you pay? What are the tax benefits? How can you be sure you're getting good value for your money? What kinds of financing are possible? How can you negotiate the best deals and bargain prices?
Nationally renowned real estate expert Dr. Gary Eldred provides complete answers to these and all your other questions concerning the purchase of a second home. In a simple and clear style, he fills you in on everything you need to know to:
* Develop a strategy to increase affordability
* Research the market to find your best location
* Choose a home that will quickly appreciate
* Make the most of current tax-saving techniques
* Select the right homeowner's insurance
* Rent to minimize risk and maximize profit
* Create value through home improvements
* Vacation free worldwide through home exchanges
About the Author
GARY W. ELDRED, PhD, has been involved in hundreds of real estate transactions as a homeowner, investor, and market consultant. He has also held faculty positions in real estate at Stanford University, the University of Illinois, and the University of Virginia. Dr. Eldred is nationally known for his "Stop Renting Now"TM seminars, as well as his other popular books,The 106 Common Mistakes Homebuyers Make (and How to Avoid Them), Yes! You Can Own the Home You Want, and Investing in Real Estate, all from Wiley.
Table of Contents
EXPLORING POSSIBILITIES AND PRIORITIES.
Open Your Horizons.
More Popular Locations.
Comparing Locations.
Taking a Closer Look.
Discover Your Best Value.
Choosing Your Second Home.
Fun Now, Profits Later.
MAKING A REWARDING PURCHASE.
How to Buy Smart.
How to Find Bargain Prices.
How to Negotiate a Bargain Agreement.
How to Save Thousands on Your Financing.
Timeshares, Condominiums, Mobile Homes, and New Construction.
How Your Second Home Can Pay for Itself.
How to Protect Your Investment.
Index.