Main Content

The Perks of Owning More Than One Home: Sweet Home Alabama

The Perks of Owning More Than One Home

Real Estate, Huntsville Alabama, By John Wesley Brooks

 

Friends, many things have changed over the past couple of years, and real estate is no exception in our local North Alabama and for Huntsville also stays true. One impact is an increased desire to own more than one home. According to the recent Luxury Market Report from Luxury Home Marketing:

“As trends such as remote working and flexi-hours took hold in 2021, so too did the flexibility of relocating as well as the growth of second homeownership.”

This may be because the pandemic has altered how we think about our homes. Where we live has become, more than ever, our safe space and our getaway. And with the rise in remote work, more people are reconsidering where they want to live and buying second homes to give them greater flexibility. If you fall in that category, here are just a few of the perks you’ll enjoy, and how owning a second home may be a great decision for your lifestyle and your future.

Enjoy a Change in Scenery (or Weather)

When you have two homes, you can alternate between them as the weather changes or as you crave different scenery. Do you want to live in an area with a particular season? Would alternating between a resort and a suburban setting be ideal? With two homes, you have those options. Being able to move between homes based on which location best suits you at the time gives you added flexibility and variety that can help increase your happiness. Talking about our North Alabama, you do have options to choose from: Lake Guntersville is just one we highly recommend and John Wesley Brooks definitely knows this spot very well!

Build Your Wealth Faster
You may have heard that home equity is skyrocketing, thanks to ongoing home price appreciation. CoreLogic reports that the average homeowner gained $56,700 in equity over the last year. With home prices projected to continue rising, if you purchase a second home, you could benefit from rising equity on both properties to build your wealth (and your net worth) even faster. Ask our Investors from all over the world buying properties in Huntsville and the surrounding areas the last four years!

Be Closer to Loved Ones
The pandemic has also reignited the importance of being near our loved ones. One option worth exploring is whether you want your second home to be near the people who matter most in your life. This makes it easier to see your loved ones but still gives you your own dedicated, private space so you can be nearby for major life events or longer visits.

Lock in Your Expenses
Buying a second home today and locking in your mortgage rate may be a good option if you’re looking to stabilize your housing costs for the long haul. If you’re approaching retirement or are looking to use your second home as your permanent residence in the future, buying that house now with today’s rate and price may be a good financial decision. That way, no matter what happens with rates and prices in years ahead, your monthly payment is locked in for the next 15-30 years.

Bottom Line To This Topic
Having multiple homes has considerable benefits. If owning a second home is something you’re interested in, let’s connect to explore your options in Huntsville, Madison or The surrounding areas of North Alabama where we specialized, let’s discuss the benefits, and take the next step to start your home search today guided by one of Huntsville Top and Best Real Estate Agents!

14 Let's Talk

    Privacy Policy.
    Submit +
    John Wesley Brooks

    Stay In The Know

    Be the first to receive our personal buyers tips, sellers tips & guides, foreclosure, and short sale guides.

      Sign Up
      Privacy Policy.
      Skip to content