Two Homes, Twice The Benefits

There is nothing quite like being able to spend time between two dream residences. We are fortunate to be able to split our time between Boston and Boca Raton. When we work with second-home buyers, we offer these insights on what to expect so they can get the most enjoyment from both locations.

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Why you’ll love owning a second home

Your vacation getaway, tailored to your family

The ideal second home becomes the place where, the moment you set a date on the calendar, the whole family cannot wait to get there.

Frequent visits = new friends

When you return to the same place in the same community, you will often meet fellow vacation homeowners, and easily make new friends with neighbors.

Rental income potential

There is the option of renting out a vacation home when it is not occupied. When you choose a home in a desirable location, it may become an excellent source of extra income.

Long-term profits

While real estate values can fluctuate, a well-chosen second home has a great chance to retain its value

and appreciate.

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Taking great care of your investment

As a trusted advisor, we help our clients plan ahead for what to expect.

Upkeep with no surprises

For two homes, you will need two sets of service providers who can help with planned maintenance and those unexpected repairs.

Preserve the beauty year-round

Consider employing the services of professional cleaners and landscapers. In certain circumstances, you can deduct the expenses of upkeep.

Review rental permissions

If you are planning to rent out your second home while not there, purchase in a building or community that will permit it.  Covenants in certain condo buildings and HOA communities may have restrictions.

Understand the Financials

Rental income, maintenance expenses and carrying costs have financial implications. A good financial advisor will offer strategies to help keep your dream home affordable.

Making the right move

Are you ready for a second home?  Considering something with a change of weather?  Colorado? California? Boston? Chicago? Compass is everywhere!

With such an important investment, you’ll want to work with an expert at navigating the unique issues of second homeownership. Our connections within the highly-effective Compass network of agents will help you find just what you’re looking for in desirable destination cities across the county.

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