Second homes: When looking for another residence, options are endless
When buying a home, the mantra is "location, location, location," and proximity to schools, shopping, green spaces and places of employment.
When buying a second home, considerations tend to change slightly but the "location" mantra remains, and for vacation properties, it's proximity to home (nobody wants to spend much time traveling), proximity to the beach, mountains, water sports, beautiful scenery, hunting and/or fishing.
Minnesota’s cabin getaway lifestyle could come under pressure from tax reform
The Land of 100,000 Cabins could be tested by tax reform.
The portion of the House Republican tax proposal that curtails homebuying incentives appears likely to hit Minnesota harder than most states.
That’s because the vast majority of cabins in central and northern Minnesota are second homes, which would no longer be eligible for a deduction on mortgage interest under the House GOP tax plan that was unveiled Nov. 2.
When thinking about buying a second home or just back from vacation and now considering buying a vacation home, what do you need to factor into your decision?
Next, do you have adequate disposable income? Realtors in the Galveston Island and Texas Hill Country areas said the majority of buyers they were working with were averaging around 50 years of age or older, and "empty nesters."
PHARR — A house once scheduled to be torn down to become extra parking spaces for a nearby school has been turned into a second home for special needs students in the Pharr-San Juan-Alamo school district, and a place where they learn life skills for adulthood.
Thousands of summer cottages and second homes in Michigan have lost a valuable tax break in recent years amid state Treasury Department audits aimed at cracking down on improper exemptions.
The dragnet has snared a wide range of property owners, from small-time landlords in Detroit to west Michigan billionaires with multi-acre compounds, according to data obtained by The Detroit News.
- The Santa Fe New MexicanHouse committee advances bill to curb some property tax breaksMarch 2, 2019
- The Herald-ArgusBusiness heats up after deep freezeFebruary 6, 2019
- The AdvocateProperty Rounds: Residential Vacation homes find growing appealAugust 15, 2018
- Watertown Daily TimesOwning A Vacation Home Is More Affordable Than Many RealizeJune 7, 2018
- Today's News-HeraldHavasu among top places in U.S. for second homesMay 20, 2018