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Sooner or later you may reach a point in your life where you are financially stable and plan to purchase a second home. For the most part, people who look to buy a second home are either looking at it as an investment or somewhere to vacation. It is important to become familiar with the process when looking for and making the decision to purchase a second home.
Purchasing a second home is similar to the purchase of your first home, but there are also some important differences that you may not be aware of. Two of the most important things to consider when buying a second home are to know what you’re looking for and how much you can spend before beginning the process.
When considering buying a second home, timing is a big aspect of the purchasing decision. If you are in the middle of your career or ready to retire, you need to ask yourself what is the point of buying a second home. Many homeowners will ask themselves “Do I want to use this home as a personal retreat or as a rental property?” Another question often asked is “Can I afford this?” You may have to wait 6 months or a year, but having a good understanding of the current market and knowing when you are planning on making the purchase, will get you what you want.
One step that will benefit you when looking for a home, is hiring an agent. Most people find their agents through friends, family members or colleagues. The agent’s job and expertise is in helping guide you down the correct path and being there to answer whatever questions you may have.
Currently, Hendersonville TN has 38 lake homes that are listed for sale. Of these 19 have their very own personal dock located on the property. Prices range from $222,222 – $1,250,000. The average square footage is 3,923 with an average days on the market of 101. There are 6 properties under contract. Several homes have been beautifully renovated with hard wood flooring and granite countertops while there are 5 homes currently under new construction. Many are well maintained complete with a deck for entertaining with stunning waterfront views.
Resources: Realtracs, Mark Scheets, Keeping Current MattersTina Redding, Realtor, EXIT Real Estate Solutions, 103 Hazel Path Ct, Suite 2, Hendersonville TN 37075 Cell (615)268-5985/Office (615)826-0001/Email firstname.lastname@example.org/homesbytinaredding.com
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