10 Things For Retirees To Know About Buying A Second Home

Thinking about buying a second home? It's hard work owning a vacation home.

A retired couple sit on the terrace of their second home.
(Image credit: Getty Images)

Summer vacation is in the rearview mirror and winter is in full swing. As you dream about your favorite beach, lake or mountain trail, you might think, “That was such a great place to visit. What if we lived there?”

Ian Katz, a real estate agent in New York City, sees more interest from retirees for second homes since the COVID-19 crisis. “The pandemic brought people closer. They want exposure to multiple climates while keeping in touch with family.” 

Subscribe to Kiplinger’s Personal Finance

Be a smarter, better informed investor.

Save up to 74%

Sign up for Kiplinger’s Free E-Newsletters

Profit and prosper with the best of expert advice on investing, taxes, retirement, personal finance and more - straight to your e-mail.

Profit and prosper with the best of expert advice - straight to your e-mail.

Sign up

To continue reading this article
please register for free

This is different from signing in to your print subscription

Why am I seeing this? Find out more here

David Rodeck
Contributing Writer, Kiplinger's Retirement Report
With contributions from