Second Homes for Dummies

Overview

Thinking about owning a second home? Whether you want a relaxing getaway spot, a future retirement home, or just a place to rent out for profit, having a second home has always been a good investment. But how will you know where to look, how to invest, and what you need to avoid?

Second Homes For Dummies gives you the tools you need to handle the entire second-home buying process from concept to completion! This book covers the bases and the basics of buying a second home, ...

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Overview

Thinking about owning a second home? Whether you want a relaxing getaway spot, a future retirement home, or just a place to rent out for profit, having a second home has always been a good investment. But how will you know where to look, how to invest, and what you need to avoid?

Second Homes For Dummies gives you the tools you need to handle the entire second-home buying process from concept to completion! This book covers the bases and the basics of buying a second home, presenting all information in a logical and modular format so you can find just what you need on the subjects that interest you. You’ll find out everything you need to know to:

  • Determine whether or not a second home is right for you
  • Maximize your options for a second home
  • Search for a home and find the money to pay for it
  • Rent out your home for profit
  • Renovate and maintain it to ensure its growing value
  • Make your second home your primary home
  • Look for and purchase a home in another country

Also provided are a list of the best places in the world to buy a home, ways to improve your home and make it first rate, and rules that you should talk about with your guests. With Second Homes For Dummies, you can make your dream of having a second home come true!

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Product Details

  • ISBN-13: 9780470105221
  • Publisher: Wiley
  • Publication date: 4/30/2007
  • Series: For Dummies Series
  • Edition number: 1
  • Pages: 384
  • Sales rank: 1,006,742
  • Product dimensions: 7.40 (w) x 9.30 (h) x 0.80 (d)

Meet the Author

Bridget McCrea is a former real estate agent who, for thelast 12 years, has run her own Florida-based freelance writingcompany, Expert Writing Services, Inc. She specializes in businesstopics and, because of her background, spends a good deal of hertime writing about real estate–related topics for magazinessuch as REALTOR Magazine, Florida Realtor, The ResidentialSpecialist, and Log Home Living.
Bridget has also penned a few books along the way, includingThe Real Estate Agent’s Field Guide, The HomeBuyer’s Question and Answer Book, The Real EstateAgent’s Business Planner, and the RE/MAX Guide toBuying a Home.
She’s shared her home-buying expertise on various radioprograms and Web sites, and is herself a homeowner who, untilrecently, also owned a rental home out of state. Hunkered down inher Florida home office for most of the day and night, Bridget doesbreak away from her desk now and then to work out at the gym andrun 5K road races on a regular basis. She’s now thinkingseriously about training her 12-year-old daughter, Catie, to takeover her business so she can put down the pen, turn off thecomputer, buy a vacation home on Maui, and get a life outside ofwork. So far, Catie has been somewhat noncommittal about giving upsoccer and homework to be a CEO.

Stephen Spignesi is a full-time writer and editor and theauthor of 40 nonfiction books and one acclaimed debut novel,Dialogues (Bantam). His books include The New YorkTimes bestseller, J.F.K. Jr., five books about StephenKing, three books about the Beatles, and several books about worldand American history, pop culture, the paranormal, true crime, TV,movies, cooking, natural disasters, Italian historical figures,cats, and contemporary fiction. Stephen’s most recent book isGeorge Washington’s Leadership Lessons (published byWiley), written with James Rees, the executive director of GeorgeWashington’s Mount Vernon. Stephen lives in New Haven,Connecticut, with his wife, Pam, and their beloved and brilliantcat, Carter.

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Table of Contents

Introduction.

Part I: Seeing a Second Home in Your Future.

Chapter 1: The Lowdown on Buying and Owning a Second Home.

Chapter 2: Figuring Out Whether You Can Afford a SecondHome.

Chapter 3: Considering Your Second-Home Options.

Chapter 4: A Second Home Is All about Location.

Part II: Searching for Your New Home and Sealing theDeal.

Chapter 5: In Search of the Perfect Second Home: What You CanDo.

Chapter 6: Relying on the Experts When Buying Your SecondHome.

Chapter 7: Inspecting Your Second Home before You Sign on theDotted Line.

Chapter 8: Financing Your Second Home and Closing the Deal.

Chapter 9: Thinking Like a Global Home Buyer.

Part III: Making Your Second Home a Smart Investment.

Chapter 10: Setting Up Your New Digs.

Chapter 11; Renting Out Your Second Home to Pay for Itself .

Chapter 12; Investing in Your Investment: Renovations That PayOff.

Chapter 13: Handling the Maintenance and Upkeep on Your SecondHome.

Chapter 14: What Uncle Sam Wants to Know: Important TaxImplications.

Part IV: Home, Sweet Home: Retiring to Your SecondHome.

Chapter 15: From Landlord to Resident: Living Permanently inYour Second Home.

Chapter 16: Selling Your Primary Residence and Settling intoYour Second Home.

Chapter 17: Protecting Your Home for the Future.

Part V: The Part of Tens.

Chapter 18: Ten Popular Second-Home Locations.

Chapter 19: Ten Ways to Make Your Second Home First-Rate.

Chapter 20: Ten Rules Your Friends and Family Must Follow WhenUsing Your Home.

Glossary.

Index.

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