What to Consider When Buying a Second Home.

In this present busy world, where everyone is caught up in the middle of a lot of work and no time for a break with their family, a Second home can be a perfect get away everyone is looking for.

When someone decides on investing on a Second home,it usually is considered on two basis, a paradise for that rest over the weekend, if you are holidaying or if you are keen on making a little extra profit by renting the house.

But before you fix your mind on a Second home, there are few factors you should consider on making your investments and how in return it will benefit you. It is highly recommended to consider these few points since no one wants to make a wrong investment and regret about their mistake. The first and foremost point is to keep your priorities straight. 

Check if the house caters to all your needs, if the house suits your lifestyle,if you are the kind of person who likes to have your space and is looking for a fun holiday with your family then check for the perfect location form a local real estate agent. If you consider it to be your after retirement destination then check if healthcare centers, shopping facilities are easily accessible.

The next important point is maintenance. If you just plan to holiday there and lease it out for the rest of the year then a Condo is the best option but if you like it to be your private space then stick to a single family home. Don’t forget about insurance, since your second home should be considered as your primary home considering the fact of high maintenance. If you have a big family or a large group of friends then see if you can pool in to buy your second home. That way you will save a lot of money and wouldn’t have to worry about high maintenance charges.

If you are thinking on renting out your second home, for that extra income to help you for the month then as an owner you need to take a lot of responsibilities. Think of various ways to lease it or rent the house that will benefit you. With these few tips, you could make the most out of your second house. So before you invest consider the points and do a keen research for a great lifetime investment.

What factors affect your choice for a location for your home

Whether you are purchasing your home as an investment, a lifestyle upgrade or both, one of the most important decisions you will make is where you want to live. Your home's location will help determine not only the future value of your investment, but also many aspects of your everyday life. Here are some factors you should consider carefully when selecting a location.


Geographic Location The place you choose to live in will have a major impact on your lifestyle. Particularly if you want to stay in your home for a long time, make this decision very carefully, taking into consideration the factors that are most important to you, like average home prices in the area, job opportunities in your field, proximity to loved ones and climate.

City vs. Suburb vs. Rural The setting you choose within the city or town you select will affect the amount of peace and quiet you have, lot size (if you're buying a house), primary and secondary education options for your children, proximity to shopping, entertainment, medical services and anything else you might want or need, and more.

Neighborhood Within a particular area, different neighborhoods will have different characteristics. You'll want to pick the one that is the closest fit to your lifestyle and personality - a place where you'll feel comfortable and where you are likely to get along with your neighbors. You'll also want to try to live close to the places you visit frequently, like grocery stores, your job (if you plan to keep that job long-term), and, if you have kids, the schools you want them to attend.

School District If you have or are planning to have kids, school district is certainly an important consideration. Living in a good public school district will save you tens of thousands of dollars that you might otherwise be tempted to spend on private school. And even if you don't have kids, it may still be a good idea to consider the quality of neighborhood schools when choosing your location in order to maximize your investment. If you have difficulty finding a public school that meets your standards, you may have to pay a premium to live in a neighborhood with good schools. You will have to consider how that premium compares to the cost of paying for private school or sending your children to a sub-par educational institution.

Proximity to Work The length of your daily commute can have a significant impact on your disposable income, quality of life and how much time you get to spend at home with your family. How long of a commute can you endure? Are you planning to stay at your current job long-term or do you expect to switch jobs in the near future? If you plan to stay at your current job, how close to work do you want to live? If you plan to switch jobs, what are the job prospects in or near the area where you'd like to live?

Safety For most people, safety is a top consideration. You'll often pay less to live in an area with higher crime, but if you'll have to live in fear or if you one day become a victim, no price discount will be worthwhile. It may also be harder to resell your home or get a good price for it if you decide to sell.

Proximity to Friends and Family The best home may not feel very homey if you live too far away from your friends and family to see them on a regular basis. On the other hand, your friends and family might end up moving at some point, so make sure this isn't your only reason for choosing a location.

Proximity to Leisure Activities What do you enjoy doing in your free time? If you have season tickets for a particular sports team, you may not want to live too far from their stadium. If you love to go out to eat, you might not be happy living somewhere with few restaurants. On the other hand, if your favorite thing to do is stay home, you might have more choices available to you when it comes to this aspect of choosing your location.

Once you've narrowed down the factors that are most important to you in a location, it's time to research that location to make sure you're getting what you bargained for, assuming you're not already familiar with the location.
Research the Neighborhood Facts and statistics are available online through websites, forums and message boards. What do the crime statistics look like? What is the average income? How many people have a college education? Do the statistics reflect the kind of neighborhood you'd feel comfortable living in? It's usually easy to find these statistics online through real estate websites. Statistics rarely tell the whole story, though, so try talking to current residents and the local police department for additional information.

Visit During the Day and at Night What a neighborhood looks like on paper and how you feel when you're in it are not necessarily the same thing. Sometimes little details can make a big difference. For example, some neighborhoods have narrow roads, lots of cars parked on the street or distinctive architectural features that may not suit your tastes. If these things aren't what you envisioned in your ideal neighborhood, you may not want to live there no matter how great the statistics are. 

Also, a neighborhood might feel comfortable during the day, but seem disconcerting at night. It's important to visit several on different days, at different times and in different weather conditions to get an accurate picture of the neighborhood's character. It can be hard to judge a neighborhood's character in the dead of winter or on a rainy day when everyone is cooped up indoors. You'll also want to check for things like how well the neighborhood is lit at night, which you can't observe during the day.

Who Are Your Potential Neighbors? What kind of people live in the neighborhoods your are considering? Will you feel comfortable in the community? If you're not very religious, you might not want to live in an area that's dominated by a particular religious group. If you're a staunch Republican, you might not want to live in an area that's known for being particularly liberal-minded. It all depends on your beliefs and how open-minded you are. Some people prefer to live near others who are like them, some people don't want to live in a homogeneous environment and others don't care either way.

Homes for senior citizens- Evolve to a Future-Enabled Living in India

Independent Young Seniors

Today’s senior citizen generation is more educated and financially stable than their predecessors. They may have aged physically but they are young at heart.

Elderly today are independent and attuned to the current times, and conscious about the ‘Perform or Perish’ scenario that their children face. They are well aware of the rat race, where job responsibilities and expectations increase day-by-day.

More and more seniors are therefore opting to be independent, and lead a life of dignity without burdening the aspirations of their children.

Senior Living – The Gift of Dignity and Independence

Senior living homes are a great boon to elderly, to overcome the ‘empty nest’ syndrome and to enjoy the retirement years. Housing facilities for senior citizens is soon becoming the new normal. It is a gift that both generations can give to each other.

Younger generation can be rest assured about their parent’s well-being, and the older folk can live their life peacefully without being dependent on their children and curbing them from flying off in search of better avenues.

Independent living homes or senior living homes, as they are termed today, are holistic living colonies replete with all the facilities one could ask for – right from elderly-friendly designs to prompt medical attention.

The Wellness Factor

The independent senior living homes are wellness facilities that cater to a person’s physical wellness as well as spiritual, emotional, environmental and social wellness.

Independent living homes vouch for dignity and independence of the elderly, by providing a unique blend of preventive healthcare, engagement and companionship.

Senior living homes are typically found off-city limits, closer to the hills where the air is clean and fresh and there’s little or no pollution.

Without thinking twice, one would know that this would be an ideal place for them to retire to live a jovial and peaceful lifestyle.

Facilities

Senior citizen homes offer a host of facilities, required for a peaceful life:

Spacious Rooms

Elder-Friendly Construction Designs (anti-skid flooring and handle-grabs to facilitate mobility)

Wholesome Food

24×7 Attention Care

Yoga Centers

Landscaped Parks

Well-Lit Roads

Around-the-Clock Security

Leisure Activities, Fun Clubs, etc.

Spiritual Nourishment

Friendships of Like-Aged and Like-Minded People

With these housing facilities, the elderly will have a great place to spend the autumn of their lives financially and socially independent, and in harmony.