Kay Carlson Realtor shares why you should buy a second home in Prescott before you retire

Many people dream of buying their ideal retirement home after their career has come to an end. The fact is, it is usually wiser to not wait, but to purchase your retirement home before your career is over. Kay Carlson Realtor shares why you should buy a second home in Prescott before you retire.

• It leaves you with more spending money for when you retire. Purchasing a new home while you still have a substantial income is a big plus!

• It will provide you with more security for your mortgage payments. You will also be in a better position to get busy with planned upgrades or renovations. Buying a retirement home before you actually retire can mitigate financial stress should you run into any unexpected expenses after closing.

• It makes your mortgage easier to obtain. When you are employed it is obviously easier to get approved for a mortgage. If you wait until after you retire to buy your retirement home, you may not have the income required to qualify for the mortgage on the home you desire. Don’t limit yourself! Buying while you’re still employed keeps many options open.

• It can be an income property. If you decide to buy your retirement home before you retire, you can rent it out as an income property until you’re ready to settle in. This strategy will not only help cover mortgage payments but will also allow you to get a preview of what the monthly expenses are for the property. This will also allow you to take your time packing up your current home and moving into your new one.

If you’re thinking of purchasing a retirement home in Prescott, Kay Carlson Realtor recommends you consider the advantages of buying your second home before you retire. Kay Carlson specializes in vacation and second homes, and can help you find the home away from home you’re looking for. To schedule an appointment, call us at 928-710-4193 or learn more at
http://www.prescottinvestmenthomes.com.

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Vacation Homes in Prescott
Prescott Real Estate
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Kay Carlson Realtor makes these recommendations before you buy your Prescott vacation home

While buying a second home is exciting, it is also an important business transaction. If you're shopping for your new Prescott home, Kay Carlson Realtor shares several factors to consider before you buy.

Use your senses
Use your eyes, ears, nose, and hands. Open cabinets, the dryer, the dishwasher. Can you smell anything or hear anything? Listen for creaks in the flooring. Open and close windows. Bring a flashlight and look under the beds. Pull back a decorative rug. Move furniture to the side. Pay attention to what your senses are telling you.

Use a professional
Of course, not using a realtor saves on commissions, but how well do you know real estate law? How well do you understand the protections provided by getting a home inspection or the importance of a thorough final walk-through before signing the closing documents? Professionals know the importance of various disclosures and documents that may protect you in the event of alarming discoveries after the fact.

Love is blind
When it comes time to shop for a new home, leave your heart in the car or better yet don't bring it with you at all. The listing may have everything you want, but use your senses and not your heart. Shop with your eyes, ears, nose and touch, and most of all your mind. And don't forget your monthly budget. Looking at homes that are beyond what you can reasonably afford are the quickest road to disappointment or disaster.

No pressure
Suddenly there are three other couples that have seen your perfect house and love it, too. Do you have to “make an offer by tonight”? Stop right there. Don't allow any circumstance or anyone to press you into making a decision before you're ready.

You're buying a lifestyle
When you’re considering a second home, do you want a beautifully landscaped yard? Are you willing to take on the responsibilities of mowing, weeding, mulching, fertilizing, trimming and raking it? Or are you budgeting for a professional landscaping company to handle that for you? Before you buy, think about how much time you will spend there. Are you looking for a weekend retreat? A summer home? Will this be your retirement home?

When you’re making your decision on a vacation home in Prescott, Kay Carlson Realtor recommends you ask yourself these questions before you begin to shop. Kay Carlson specializes in vacation homes and cabins, and can help you find the home away from home you’re looking for. To schedule an appointment, call us at 928-710-4193 or learn more at
http://www.prescottinvestmenthomes.com.

ADDITIONAL INFORMATION
Vacation Homes in Prescott
Prescott Real Estate
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Kay Carlson Realtor shares reasons to buy a vacation home in Prescott

Buying a vacation home is a good investment for several reasons. A vacation home will not only serve as a great place to spend time away from the world, but can also be an excellent financial investment. Kay Carlson Realtor shares some reasons to consider buying a vacation home in Prescott.

Here are some reasons to invest in a vacation home:

• You have worked hard and you need a quick getaway. But instead of having to go through the headache of booking a trip, you can just pack a bag and hop in your car. Then quickly, you’re at your very own vacation home.

• No expensive rentals, no scheduling hassles, just a beautiful getaway in the comfort of your own property - set up just the way you like it - and instead of spending money, you are, in the long term, making money!

• Significant tax breaks? In some cases you can deduct the interest on the mortgage of your vacation home in the same way you do for your primary residence. Consult with your tax professional to ensure you comply with tax laws.

Buying a second home should be a well-planned investment. What to know about investing in vacation property is not as simple as it seems. You’ll want your purchase to be one of the best choices you make in your life!

Kay Carlson Realtor recognizes the benefits of buying a vacation home in Prescott and wants to help you find what you’re looking for. Whether you’re looking for a second home as a place to get away and relax, or considering the purchase as an investment, Kay Carlson will help guide you to your Prescott dream vacation home. Call Kay today at 928-710-4193, or for more information visit us at http://www.prescottinvestmenthomes.com.

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Prescott Investment Homes
Real Estate in Prescott
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Kay Carlson Realtor shares what to know before buying a second home in Prescott

You may already have a wonderful home and all that goes with it, but can't stop dreaming of a little log cabin mountain retreat, or maybe a place near the water, or even something showcasing Prescott's stunning views. If you're thinking of purchasing a second home in Prescott, Kay Carlson Realtor offers some points to help guide your through the process.

Priorities
Is your second home for investment or retirement, or maybe just a vacation house, or possibly all three? You may rent it out when you’re not using it, and later retire there. Size, location, and other important features such as views are important. Consider taxes, additional vacation home insurance, utilities and possible renovations into your budget.

Location, Location, Location
Your second home is likely where you’ll eventually spend a lot of time, so check out the amenities, weather, noise, and distance from your primary residence. Try to get a thorough picture by spending time there both in and out of season. You will more likely use a second residence within a short drive or flight of your first home. Location can also determine the resale value, so look for areas with steady increases in price.

Will it be empty?
Who is going to be looking out for your home when you’re not there? Considerations such as plumbing or roof leaks, electrical issues - or even break-ins - are all important to mitigate in advance. You can purchase security cameras, and if you’ve made a friend in the neighborhood you can ask them to look in on it while you’re gone. You may also consider a property management company.

A second home is much more than an investment when you consider its value in relaxation, peace of mind, and building more memories to come. Kay Carlson Realtor will help guide you to your Prescott dream vacation home. Call Kay Carlson today at 928-710-4193, or for more information visit us at http://www.prescottinvestmenthomes.com.

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Prescott Vacation Homes
Real Estate in Prescott
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Kay Carlson Realtor discusses the difference between an investment property and a second home in Prescott

What is the difference between an investment property and a second home? It is important to learn the difference because it can affect the type of loan you get. Kay Carlson Realtor discusses the difference between an investment property and a second home in Prescott.

People sometimes use the terms “investment property” and “second home” interchangeably to describe real property that is not their primary residence. However, there are some very distinct differences between these types of properties. Here are some differences:

• An investment property is a property that is not your primary residence and is purchased or used in order to generate income, profit from appreciation, or to take advantage of certain tax benefits.

• A second home is a residence that you intend to occupy in addition to a primary residence for part of the year. Usually, a second home is used as a vacation home. However, it could also be a property that you visit on a regular basis, such as a condo in a city where you frequently conduct business.

If you're considering taking out a loan to purchase either an investment property or second home, it is essential to understand the differences between these terms. Then you will be able to make your intentions clear to the lender when you start the start the process of applying for the mortgage. This will ensure that you obtain the correct type of loan for the type of property you intend to purchase.

Kay Carlson Realtor wants you to be aware of the differences between an investment property and a second home. Kay Carlson can help you in your search for an investment property or second home in Prescott. Kay Carlson is an experienced Realtor® dedicated to Prescott, Prescott Valley, and Chino Valley, Arizona. She provides smooth real estate transactions with masterful attention to detail and excellent customer service. Call Kay Carlson today at 928-710-4193 or visit http://www.prescottinvestmenthomes.com for more information.

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Reasons to Invest in Prescott Real Estate
Real Estate Sales in Prescott
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Kay Carlson Realtor asks: Are you ready to buy a vacation home in Prescott?

You’ve visited Prescott and the surrounding area and you love it! You’re at the stage of your life where you are successful and thinking about retirement. Kay Carlson Realtor asks: Are you ready to buy a vacation home in Prescott?

Investment property is a great way to expand your real estate portfolio. And real estate has a consistent track record as great way to invest. If you’re thinking about buying a vacation home, ask yourself a few questions first:

• Do I want to invest?
• Is real estate a wise investment?
• Do I want to enjoy benefits from my investment as it is growing in value?

If you're a fifty-something who has kids, they’re probably getting close to leaving the nest. You are likely focusing on your retirement planning more seriously than ever before. You are, and should be, concerned with making wise financial choices.

You also probably have more free time to devote to a second home, if you want one. Whatever your reasons for wanting a vacation home, the financial aspect is important to consider.

Because of the consistent success of the real estate market, investing in a vacation retreat can be a “win-win" as both an investment and a great way to have a fun and exciting retirement!

Kay Carlson Realtor can help you in your search for a vacation home in Prescott. Kay Carlson is an experienced Realtor® dedicated to Prescott, Prescott Valley, and Chino Valley, Arizona. She provides smooth real estate transactions with masterful attention to detail and excellent customer service. Call Kay Carlson today at 928-710-4193 or visit http://www.prescottinvestmenthomes.com for more information.

ADDITIONAL INFORMATION
Prescott Second Home
Real Estate Sales in Prescott
Helpful Real Estate Articles