Summer is in full swing and many people are looking for safe ways to enjoy a change of scenery. A vacation home gives you an opportunity to get away without having to check into a hotel, use elevators or eat at restaurants. You’ll have your own space, a kitchen where you can cook your meals and you won’t have to worry about whether everything was properly disinfected before you arrived. Plus, you can stay for as long as you want. If getting away for an extended period of time isn’t possible right now, you can go for a weekend to rest and recharge before you get back to work on Monday.

If you’ve ever considered buying a second home or vacation property, here are three reasons it may be the right choice for you:

1. It’s fun. If you go to the same town for vacation every year—or a couple of times each year—buying a property you can enjoy with friends and family may make sense. You won’t have to shell out thousands of dollars to rent a house or stay in a hotel for a week of vacation. And it will always be available whenever you want to go.
2. You can offset the mortgage by renting it. Buying a second home is a big financial commitment. If you’re worried about paying for two houses, remember, you can offset the mortgage, taxes and insurance by renting it out when you’re not using it.
3. It gives you options for retirement. If you have your heart set on retiring in a beach town, there are lots of affordable options to choose from. Or maybe a house on the lake is more your style? Buying a home now in an area where you want to retire will get you one step closer to the retirement of your dreams. If you’re happy where you are and don’t want to retire someplace new, you can continue to enjoy it whenever you want. Or you can sell it and give your nest egg a boost so you can spend time doing the things you love most.

If you’re ready to buy a second home, Homeowners Financial Group can help you find the mortgage that’s right for you. Give us a call and one of our Licensed Mortgage Professionals can help you get started today.