Tempted by the thought of spending your free weekends at a beachfront condo, tranquil lakefront home, or perhaps a getaway in the mountains?
Americans across the country have been snapping up second homes. Some are planning for their own retirement, while others are seeking investment properties they can rent out, or places to escape with the kids.
Here’s an important tip to keep in mind if you’re in the market for a vacation getaway:
The typical second home is about 200 miles from the owner’s main residence.
In fact, over 80 percent of second-home buyers choose a house within a comfortable driving distance from their primary residence. That makes it easy to visit frequently and use the property.