Buying a Second Home

by Keith Barrett - Date: 2007-05-09 - Word Count: 362 Share This!

Buying a second home can be a great way of providing you with somewhere to spend leisure time, while also proving to be a fine investment. The key to success is making sure that you buy a property that's right for your needs.

Many of us dream of buying a second home - somewhere to hide away when we're bored of being at home - somewhere that can provide us with a nice change of scene. Whether you're looking for a pleasant holiday home or for a long-term investment, you'll need to consider some key points when looking to purchase the property.

Firstly, let's think about why you're looking to buy a second home. Is it purely as an investment opportunity? Are you looking for somewhere to spend holidays and vacations? Maybe a weekend retreat? Possibly even a combination of all these factors.

The reason why you need to think carefully about why you are looking to buy a second home is because it will effect which property is right for you. For example, let's take a look at buying a property for the purpose of a weekend retreat.

Typically, buyers who are looking to buy property for this purpose will be looking for somewhere to get away from it all at weekends. Maybe you work in a busy city and want to relax in the country during your weekends.

If this is the case then it seems fairly obvious that your second home will be in a rural location. But have you thought about which rural location? For instance, how far are you prepared to travel to get to your second home?

You may not wish to travel particularly far, in which case you'll need to consider that properties close to cities (within the sort of distances that commuters are happy with) are likely to sell for a higher price.

Such considerations confront second home buyers on a daily basis. With careful planning and thought, you can make your property purchase a success.

Keith Barrett has written about buying and selling homes as part of his work for Winchester Estate Agents. You are welcome to include this article on your website, though this resource box must always be included in full.

Related Tags: property, finance, real estate, selling, investing, investments, house, houses, second home, housing, uk property, uk real estate, uk property market

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