Kay Carlson Realtor - Remax Mountain Properties talks about purchasing a vacation home in Prescott

Real estate investing is a great way to create passive income for your family. However, when it comes to real estate, there are many different options for investors. So where should you start? One option that is becoming increasingly popular is vacation rentals, but what makes vacation rentals a good idea? Kay Carlson Realtor - Remax Mountain Properties shares her expertise for anyone looking to start investing in Prescott real estate.

Extra Income
If you already have a second home, it can easily be utilized as a vacation rental when you are not there. This could provide enough income to not only cover the costs of the second home, but it could become a steady source of passive income to help fund your family vacations.

Personal Vacations
Owning a vacation rental can provide two benefits for you. When you are not renting it to out-of-towners, you can use it as your personal vacation rental. This flexibility is especially useful when you have family members who visit on a regular basis.

Appreciation
Over time, most homes appreciate in value. By simply having a second home, you are making a long-term investment. By using the extra income of the vacation rental for renovations and improvements, you can raise the value of the home significantly without spending any out-of-pocket cash.

Tax Deductions
Having a second home can provide several tax deductions. In combination with the revenue from the vacationers, you could net a significant amount at the end of every year. There are, however, certain requirements regarding the number of days that the property can be rented out versus how many days you live in it. You should speak to an accountant and real estate attorney to make sure you are claiming all available tax benefits.

Vacation rentals have many great benefits. If having a vacation rental in Prescott is the right investment for you, contact Kay Carlson Realtor - Remax Mountain Properties today at 928-710-4193 to learn how we can help you grow your vacation rental investment. To learn more, visit us online at http://www.prescottinvestmenthomes.com.

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Prescott Second Home
Vacation Rentals in Prescott
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Kay Carlson Realtor - Remax Mountain Properties shares what to consider when choosing your Prescott retirement home community

Whether your retirement is a dim glow on the horizon or you're already shopping for retirement party favors and invitations, Kay Carlson Realtor - Remax Mountain Properties invites you to consider these tips as you plan on the best place to enjoy your retirement in Prescott.

Recreation
If you've stopped working but haven't stopped having fun, popular retirement communities offer an abundance of diverse social, cultural, and recreational activities to enhance your retirement lifestyle.

Medical care
Regardless of your present health status, look for a retirement community that can provide you with detailed information about both on-site and nearby medical care providers, specialists, and hospitals.

Lifestyle
Choose a retirement community whose rules and regulations afford you the lifestyle you want and don't impede it. Make sure your favorite pet is welcome and that age requirements of visitors and vacationing guests don't exclude your grandchildren. It's crucial to thoroughly investigate what’s expected of owners and guests.

Maintenance
Most retirement communities include common property and landscape repairs and maintenance. Be sure you know who is responsible for upkeep when you're away, as well as what expenses are included in your monthly fees and what are not.

Weather
It’s a good idea to research the weather or better yet, spend some time visiting your potential new location during the off season.

Budget
Few things drive a decision like money. While you're probably prepared for the purchase price and taxes, don't forget to factor in fees that may be charged in your community.

The community retirement lifestyle means different things to different people, but ultimately it should be the first day of the well-deserved reward for your hard work. Kay Carlson Realtor - Remax Mountain Properties can help you find your Prescott dream community as soon as you're ready. To schedule an appointment, call Kay Carlson at 928-710-4193. For more information visit http://www.prescottinvestmenthomes.com.

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Investment Homes in Prescott
Prescott Vacation Homes
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Kay Carlson Realtor - Remax Mountain Properties discusses buying a second home in Prescott

As retirement grows closer and closer, many Americans begin to think in earnest about their financial portfolio. For some retirees the acquisition of another home is an integral part of preparing for a life of leisure. If you're considering a second home in Prescott, Realtor Kay Carlson - Remax Mountain Properties recommends the following:

The purchase of a second home should be done only after first taking stock of your current financial position and anticipated future income and expenses. After seriously undertaking this evaluation, you will have a better sense of what you can wisely afford. But before you actually begin to look at properties, think about the same factors you considered when buying your primary residence, including the:

• Cost
• Taxes
• Location

Decide whether or not you are looking for a:

• Part-time vacation home
• Year-round home
• Condominium
• Retirement community

A part-time vacation home could be used as a vacation property, a rental property, and a home for you to eventually move into full time when you're ready to retire. A condominium or a home in a retirement community can provide some fabulous benefits like a variety of on-site activities including pools, gyms, classes, and golf courses. These can be a perfect venue for making new friends. Depending on the community, some offer meal services and various forms of medical care including long-term facilities.

The type of home you buy or where it's located may mean there are HOA or community association costs to cover these extra services, activities, classes, or care as well as restrictions with respect to the appearance of your home's exterior, landscape and other more specific rules.

A second home can prove to be an important source of additional income or security and offers retiring homeowners more options. If you are retired or approaching retirement, and considering a second home in Prescott, Kay Carlson Realtor - Remax Mountain Properties would love to help you realize your dreams. For a smooth real estate transaction with masterful attention to detail and excellent customer service, call Kay Carlson at 928-710-4193. Visit http://www.prescottinvestmenthomes.com for more information.

ADDITIONAL INFORMATION
Prescott Rental Investments
Vacation Home in Prescott
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Kay Carlson Realtor - Remax Mountain Properties talks about purchasing your second home in Prescott

When you are purchasing your second home, it is all about finding your dream home. This search is not about looking for a house that is a “fixer-upper” or  “close enough.” You want to find the home that is going to make you happy. Kay Carlson Realtor - Remax Mountain Properties shares a couple of tips on purchasing your second home in Prescott.

Before you begin your search, sit down and think about what would make the perfect home for you. Do you want to live in a Victorian-style house with a big backyard? Maybe you are looking for a vacation home that will require minimum upkeep. Or maybe you just want something simple and an “attached home” like a condo or townhouse is what will fit you best.

Once you have a vision for the lifestyle you want, sit down and make a list. This list will become your guideline for your perfect home. Remember, this is your dream home, so feel free to go a little overboard. Here are a few ideas to get you started:

• Style and size of the home
• Floor plan
• Layout of the master bedroom
• The number of beds and baths
• Neighborhood
• Built-in amenities (i.e. pool, hot tub, tennis court, etc.)
• Number of cars in your garage
• HOA requirements

In many situations, home shopping is not the right option for you. You may realize that your wish list is a little too specific for the current housing market. In this case, you may want to consider purchasing land and building a custom home that will be precisely what you want. You can also rest easy knowing you will not have to deal with major home repairs anytime soon.

Now that you have decided on your dream home, it’s time to go out and make it happen. Kay Carlson Realtor - Remax Mountain Properties can help you find the right fit for your second home in Prescott. Call us today at 928-710-4193 or visit us online at http://www.prescottinvestmenthomes.com. Your perfect home is waiting for you.

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