Buying property is a lucrative investment. Owning more than one residence positions individuals favorably in the financial market with the opportunity to capitalize on their assets. Investments and second homes are an excellent way to maximize profit opportunities and to expand a real estate portfolio.
The investment and second home market differs from the primary residential market. The buyer’s interest in the second property could revolve around timeshare opportunities, becoming a rental, or as an optional getaway. Buying, selling, and managing second and resort homes requires a different understanding of the available market and how to make the best investment possible.