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Things to consider when you're buying a second home:
How accessible is the property? Gas prices dim the appeal of a place that's hundreds of miles away. You can usually hop a cheap flight to Florida, but that's not necessarily true of Corpus Christi, Tex., or Durango, Colo.
Is the community well planned? In rural areas, a beautiful new cabin may adjoin a cluster of rusting trailers.
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Is the house in good shape? New construction is fine, but an older place or summer home is likely to be the victim of deferred maintenance and premature wear. Instead of asking for a price concession, you may be better off asking the seller to hire a carpenter and a painter.
Will you feel at home there? Start your search at Web sites such as Escapehomes.com and Lakeplace.com. But nothing beats a visit to see if the locale offers what you're looking for.
| Row 0 - Cell 0 | Vacation Homes on Sale |
| Row 1 - Cell 0 | 5 Tax Rules for Renting Out Your Second Home |
| Row 2 - Cell 0 | More Real Estate Coverage |
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Ask the Tax Editor: Federal Income Tax DeductionsAsk the Editor In this week's Ask the Editor Q&A, Joy Taylor answers questions on federal income tax deductions
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States With No-Fault Car Insurance Laws (and How No-Fault Car Insurance Works)A breakdown of the confusing rules around no-fault car insurance in every state where it exists.
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Why Picking a Retirement Age Feels Impossible (and How to Finally Decide)Struggling with picking a date? Experts explain how to get out of your head and retire on your own terms.
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How to Search For Foreclosures Near You: Best Websites for ListingsMaking Your Money Last Searching for a foreclosed home? These top-rated foreclosure websites — including free, paid and government options — can help you find listings near you.
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Luxury Home Prices Rise as the Rich Dodge High Mortgage RatesLuxury home prices rose 9% to the highest third-quarter level on record, Redfin reports, growing nearly three times faster than non-luxury prices.
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Four Tips for Renting Out Your Home on Airbnbreal estate Here's what you should know before listing your home on Airbnb.
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5 Ways to Shop for a Low Mortgage RateBecoming a Homeowner Mortgage rates are high this year, but you can still find an affordable loan with these tips.
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Kiplinger's Tax Map for Middle-Class Families: About Our Methodologystate tax The research behind our judgments.
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Looking to Relocate? Plan for Climate Changebuying a home Extreme weather events are on the rise. If you’re moving, make sure your new home is protected from climate change disasters.
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Retirees, A Healthy Condo Has a Flush Reserve FundSmart Buying Reserve funds for a third of homeowner and condo associations have insufficient cash, experts say. Here are some cautionary steps you should take.
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Retirees, Make These Midyear Moves to Cut Next Year's Tax BillTax Breaks Save money next April by making these six hot-as-July tax moves.
