6 Tips in Buying Candlewood Lake Properties as Second Home
Despite the slow housing market, many people are still buying a vacation home or an investment property. So if you are looking for Candlewood Lake and Lake Lillinonah properties as your second home or investment property, make sure to read the tips below to ensure a smart investment.
Avoid impulse buying
Make a thorough research before making a purchase. Don’t buy on a whim or you might find yourself with a second home you cannot afford or does not satisfy your needs. Tie up your likely expenses and consider other aspects before making that major financial move.
- Scout the market
One of the most sensible way to start the search for Candlewood Lake real estate is to find a real estate agent who is familiar with the location. The expert can give you information about weather and traffic patterns which can help you evaluate the properties and the amenities.
- Assess your needs and goals
Determine what type of second home suits your lifestyle. If it will be used as a weekend getaway, you should stay within a day’s drive from your primary home. If the property will be used as a retirement home someday, check the residence’s accessibility and the health care services nearby.
- Prepare for the Tax Implications
Remember that you have to take care of both property taxes as second-home owner. If you are planning to rent out your Candlewood Lake home, you also have to consider the income tax. Make an advance planning to save yourself thousands of dollars a year.
- Create a list of possible expenses
Make a list of expenses of managing two homes. Can you fit these expenses into your budget with a little extra to spare? If investing in a second home will leave you penniless, you may be better waiting off until you have paid off your first mortgage.
- Protect your second home
Make sure to protect your second home. Surely you do not want your investment to go down the drain? Get a home inspection before purchasing so you will be aware of any possible problem or damage. Get a title insurance and a hazard insurance.
Follow these six steps to make a sensible decision about buying your second home. For more tips on buying or selling a home in Candlewood Lake, visit https://www.CandlewoodLakeCTRealEstate.com
Call me, Deborah Laemmerhirt now at 203-994-4297 and let me assist you with everything you need to know about buying or selling Candlewood Lake homes. My years of experience as a preeminent real estate professional in Ridgefield, Redding, Wilton, New Fairfield, Brookfield, Bridgewater, Roxbury, Washington, Weston, Westport, Southbury, Kent, Sherman, Easton, and Bethel, CT, combined with my dedication to providing the finest service will make it easier for you to find your dream home in Connecticut.
About Deborah Laemmerhirt
Let me assist you in finding everything you need to know about buying or selling a home! As the preeminent real estate professional in my community, I am dedicated to providing the finest service available while breaking new ground.
Because the real estate industry is becoming more sophisticated and challenging every day, you need a professional that understands the industry and is positioned to stay ahead of the game.
I go the extra mile to help you achieve your goals. That’s why I constantly research the home, market and estate values so your home is priced effectively from day one. I also make sure the public knows your home is for sale by using innovative marketing techniques to attract potential buyers.
As an Internet-savvy real estate representative in Connecticut, I’ve had the opportunity to help many home buyers find their ideal homes and many sellers obtain top dollar for their homes. Buying or selling a home is one of the largest financial transactions that most people ever undertake, so I will help you through every step of the process. My goal is to make your home selling or buying experience as easy and enjoyable as possible.
My services include:
Explaining the home selling and buying process thoroughly
Diligently selecting homes that meets your criteria
Pricing your home correctly and implementing a unique yet proven marketing plan
Negotiating on your behalf
Tracking the closing process to ensure a smooth transaction
I welcome the opportunity to address any questions you might have about buying, selling or current market conditions. Please call or e-mail me any time, and I will be happy to discuss your next steps in the buying or selling process.
I specialize in both Residential and Commercial Properties.
I also head a Real Estate Group to provide you with expert service and support.
Areas of Expertise
Making transitions in your life is challenging. You may be moving from out of town, a different state, internationally or just next door! Regardless of the distance I am prepared to respond to your unique needs.If you are a BUYER looking to downsize, up-size, want a new construction, desire a condominium, to invest, even if this is your first home, I will design a unique plan to fulfill your needs in a reasonable time frame, with the best negotiated price and the least amount of inconvenience.For my Home Sellers, I have an innovative marketing plan that will leave nothing to chance. Just call, and I would be happy to share the DIFFERENT and SUCCESSFUL TOOLS I utilize on each of my listings.
I have lived in Connecticut for over 35 years. I practice Real Estate in Fairfield County, New Haven County and Litchfield County. This includes, but is not limited to Bethel, Bridgewater, Brookfield, Danbury, Harwinton, Kent, Litchfield, New Fairfield, New Milford, Newtown, Oxford, Ridgefield, Redding, Roxbury, Sherman, Southbury, Warren, Washington, Westport and Wilton.
