The Perks of Owning More Than One Home

Many things have changed over the past couple of years, and real estate is no exception. One impact is an increased desire to own more than one home. And with the rise in remote work, more people are reconsidering where they want to live and buying second homes to give them greater flexibility. If you fall in that category, here are just a few of the perks you’ll enjoy.

Enjoy a Change in Scenery
When you have two homes, you can alternate between them as the weather changes or as you crave different scenery. Being able to move between homes based on which location best suits you at the time gives you added flexibility and variety that can help increase your happiness.

Build Your Wealth Faster
You may have heard that home equity is skyrocketing, thanks to ongoing home price appreciation. With home prices projected to continue rising, if you purchase a second home, you could benefit from rising equity on both properties to build your wealth (and your net worth) even faster.

Be Closer to Loved Ones
One option worth exploring is whether you want your second home to be near the people who matter most in your life. This makes it easier to see your loved ones but still gives you your own dedicated, private space.

Lock in Your Expenses
Buying a second home today and locking in your mortgage rate may be a good option if you’re looking to stabilize your housing costs for the long haul. That way, no matter what happens with rates and prices in years ahead, your monthly payment is locked in for the next 15-30 years.

Having multiple homes has considerable benefits. DM me to explore your options, discuss the benefits, and take the next step to start your home search.

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