Turn A Vacation Rental Into Your Second Home.

Turn a vacation rental into a second home!
Turn a vacation rental into a second home!

Vacation home sales are on the rise, with many people buying for a vacation home to use now and retire to later.

Second home buyers tend to be in their 40s and 50s, are still working, have children who are starting their own families and no obligations to care for aging parents. They are using their vacation home as a meeting place to gather everyone during holidays or other significant family holidays.

When the home isn’t being used, it generates rental income. In some locations, the rental fees can completely cover the mortgage, taxes and fees of homeownership, giving you a vacation home for free that can eventually become your second home in retirement.

Purchasing a vacation home where you’d eventually like to retire allows you to establish community ties for a smooth transition into retirement later. It’s also a great trial run. It gives you a glimpse into where you might want to spend your golden years before the time arrives and you have to make a firm commitment.

There are also financial benefits to owning a second home. First is the appreciation that will happen over time, especially if you purchase in a popular resort area. However even modest appreciation over time is acceptable given all the benefits of second home ownership.

Mel Foster Co.’s relocation division has connections to help you find a second home anywhere in the world. Contact a relocation specialist at 800-367-1134.

Tips For A Smooth Move

Mel Foster Co.’s relocation specialists have helped thousands of families relocate to the Quad Cities. Our award-winning staff offers a variety of relocation and real estate services. There is so much to think about and do when planning a move and we can help!

Once you’ve found a home in your new community and set a closing date, contact a mover. Your Mel Foster relocation specialist can help you find moving companies. It’s never too soon to start sorting through your closets and storage areas and determining what you need to keep, donate or throw away.

As you pack up your photos, take a look at your furniture and decide if you need to sell pieces or purchase additional items for your new home. Measure your furniture and consider if it will fit into the floor plan at your new home.

Start a moving paperwork file and find new providers in your community or transfer your records. Be sure to find a new bank, doctor, dentist and vet. Research clubs or civic organizations in your new town and contact the local church to let them know you’re relocating.

About a month prior to your move, check these items off your list:

  • Change your address with the post office and IRS.
  • Forward magazines and newspapers to your new address.
  • Contact utility companies in both your old and new location.
  • Make travel arrangements.
  • Contact your insurance agent in both your old and new location.

With a little planning and help from Mel Foster Co.’s relocation specialists, your next move can be an exciting adventure!


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