Are you looking for a second home? A vacation retreat for your family? Or simply a good opportunity to diversify your investments? Second homes can be your best investment.
This site brings you vacation homes and small town communities that you will want to call your home away from home and explore time and time again. Discover homes, condos and home-sites with golf, boating, equestrian and spa facilities.
Whether you're shopping for a second home as a vacation home, a retirement home or an investment property, Bandon is worth your consideration. There are miles of sandy beaches, golf course communities, world class fishing and boating activities, historic and natural beauty, shopping and fine dining to delight even the most discerning palates.
For potential second home buyers, Bandon offers two of the most important and desirable considerations - year-round enjoyable lifestyle and consistently-improving investment. The most typical motivation in purchasing a second home is finding an ideal spot for vacations and eventually for retirement, and as one of the country's top tourism and relocation destinations, Bandon fits the bill very well.
Blessed with a mild, sunny climate and an expansive stretch of oceanfront and farmland properties, Bandon is an outdoor delight throughout the year, as anglers, golfers and beachgoers enjoy comfortable days throughout all four seasons.
Many of those who enjoy getting away from it all have discovered that secondary-home investing in Bandon area properties makes more sense over the years than throwing money away annually on expensive vacation rentals and hotels. Instead, they have the opportunity to earn vacation rental income on their second property, as well as qualifying for tax incentives. The 1031 tax-free exchange, for example, allows an investor to purchase a second home, and after using it as rental property for at least two years, sell the primary residence and move in without paying capital gains.
Considerations for purchasing a second home / vacation home:
Buying outside of your local area requires careful pre-purchase analysis to make sure that you end up with a home that brings you pleasure. Most second home buyers will hold on to their home for at least ten years, so visiting the places that you are considering for a second home at different times of the year is a good idea.
In addition consider the following:
Market conditions. Are there a lot of homes on the market you are considering?
Location: Are there any hazards to be aware of in this area? Flooding, fire, hurricanes? Check to make sure that you can get coverage.
Taxes: Check with your accountant to find out the tax laws and what they mean to you. Find out how much your taxes will be and if there will be a substantial increase over time.
Gardening and maintenance: Who is going to cut the grass and maintain your second home?
Furniture: If the home does not come furnished, how much will it cost to furnish the home to your liking?
Utilities: You will have monthly phone, gas, electricity and water bills. |