Wanting More From Your Home

Your home and finances - what makes sense?Is your home not giving you the lifestyle you need? Thinking about purchasing a second home? Now could be a great time to do so, but there are several things to keep in mind before taking the leap and purchasing a second home.

Does buying a second home make sense financially? Keep in mind not only the mortgage payments, but also upkeep and potentially paying a property manager if you plan to rent out your home. Think about the location and type of second home you want to buy. A town home or condominium may require less upkeep, but you do pay extra fees with those types of properties.

Be sure to research the tax implications of owning a second home, both in terms of property taxes and income taxes. Consider how you will be paying for your home. The more money you put down, the better. Perhaps a family member can help with some of the down payment to save on interest. Another popular trend is to go in on a second home with another couple. This could be a good idea if you are only interested in using your home for a getaway for only part of the year. Purchasing any type of property is a big decision, so be sure to thoughtfully consider your options before purchasing a second home.

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Wanting More From Your Home

Jerry and Rachel Hsieh

In the past 13 years in real estate and at the age of 38, Jerry has had the good fortune of experiencing all of this at some point and has established himself as one of the premiere AWARD WINNING Realtors in the industry. Jerry began his career at Coldwell Banker with incredible heat: He was named the top “rookie” agent his inaugural year with over $4.5 million dollars listed and/or sold (Most 1st year agents don’t complete any transactions). Since then, his real estate career has been non-stop and he has quickly become the realtor that other young realtors talks about. In 2010, in a down market, Jerry and Rachel sold 24 homes within a 1 mile radius of the Pico/Fairfax area. They have sold over 50 homes in the Picfair Area in the past 4 years, more than any other realtor. From 2011 until now, Jerry and Rachel’s Team has grown, as has Jerry’s experience and expertise.