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February 2011 Issue

Home Away From Home

A vacation home can be a great getaway, but experts say buying one requires careful research and planning.
Robert Sberna

Record-low mortgage rates and attractively priced real estate are just two of the reasons this may be a good time to consider buying a second home.

Whether you’re interested in a condo near the beach, a mountain retreat or a golf community getaway, you’ll find that homes in some markets are selling at prices not seen since early 2000. And if you plan to use your second home as a rental property, you may reap tax benefits and capital growth.

However, while real estate experts say the purchase of a second home can be an investment that offers decades of enjoyment for you and your family, it’s important that you have a clear and definite plan as you look for your ideal property. To read more, click here to subscribe. >> 
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