Buying a Second Home on Cape Cod

Cape Cod Real Estate is a unique market that is not feeling as much pinch as the rest of the country. Being a vacation destination there are many advantages to owning a second home or condo on the Cape. Great Locations Real Estate has been renting and selling real estate for over 19 years. One of their specialties are renting out peoples homes and condos. A great advantage to owning property on the Cape is that your are able to rent out your home or condo when you are not using it. You can usually expect 10-14 weeks of rentals depending on location, size and time of the year. This is a great benefit and will help you pay most of the expenses of owning a second home minus the mortgage. Also the money you gain from rentals you can re-invest into your home to make any needed improvements so when it comes time to retire or use it exclusively for yourself you will have a fully renovated home paid for by your renters. Another added benefit comes from your tax advantage of owning a second home, and rental home. Get a hold of your tax adviser to talk to him about all the benefits you will be able to obtain by investing in a second home. Alot of people think they are unable to afford a second home, but the reality is that it is much more affordable than you think it is. We have seen about a 23% decrease in median listing price since 2005. The market is prime for buyers to come in a grab a great investment for the future. If you have been sitting on the sidelines waiting for the right time to pull the trigger, start your search now and make it happen within the next year. Cape Cod is a beautiful spot and will remain a top destination among New Englanders for many years to come. So take the time to seriously look into a great investment into your future with a cape home. Best wishes to all and have a great day