Are you considering buying a second home or condo? If you are, we understand there are many variables that go into choosing location, size, and your team. We’re here to break down a few of reasons why, and what to be on the look out for.
Location
Whether you are buying your second home as a vacation spot or investment, location is always something to consider. If you plan to rent out the space as well as stay in it, it’s important to make sure the home you choose has broad appeal – that it’s not a niche area, but rather somewhere most people would be interested in visiting.
You might also consider the methods of transportation, particularly if you’re in Nashville. Are there good methods of public transportation, or does the home offer the ability to walk to major restaurants, sites, and conveniences?
Size
Should you choose a single family home or condo? A few things to keep in mind when making the decision of home vs. condo: when it comes to condo homeowner associations, they can be strict on pets, short on space, and occasionally high in fees. However, they are often big on offering plenty of amenities in the building – which can be a definite plus.
Homes, on the other hand, require more maintenance, and there’s less security than a condo affords. But you can set the rules on pets, there’s likely more space, and fees are usually lower than a condo HOA.
Your Team
It’s important to have good guides on any journey – particularly when home buying! Consider getting a lender, broker, and even consulting a tax advisor so you are aware of all tax implications. You’ll also want to consider a good property manager — who can assist you by collecting rent and monitoring the property through interior inspections.
Are you looking for a second home or condo in the Nashville area (or surrounding areas)? If so, we’d love to help! Let us know how we can be of service today. Deselms Real Estate 615.550.5565