Top 5 Things to Know When Buying a Second Home

Whether you are searching for a second home to vacation to or simply to become a landlord and rent your property out, there are certain things you will want to know when buying a second home. As an experienced real estate agent at the Lake of the Ozarks, I have sold many second homes. I, Judi Cloyd, am happy to give you 5 key things to know when buying a second home, in this blog.

Top 5 Things to Know When Buying a Second Home

1. Know all the rules.


 It's important to realize that not all homes can be rented out. There are certain condo or homeowners associations that have particular rules for rentals, so do your research before you buy.


2. Calculate all your costs.


 The actual price of the home is not the only price to consider. Make sure you consider the utilities, HOA or condo fees, property taxes, insurance, etc.

3. Think realistically about your expectations of rental income.


 Renting out your vacation home comes with expenses too. You will need to pay for cleaning between tenants, advertising, and probably property management as well.

4. Have an emergency plan.


 If you aren't able to visit your second home often, make sure someone does. A water leak, for example, could be devastating if it goes unchecked for an extended period of time.

5. Protect your home when it is vacant.


 Vacant homes can attract thieves. Thankfully, there are things you can do to keep your home from looking empty. Try lights on timers or asking neighbors you trust to occasionally park in your driveway. Also, make sure you have someone pick up mail and fliers so it's not obvious no one is home.

Searching for That Perfect Second Home at the Lake of the Ozarks?


 I truly have a passion for helping people find their perfect Lake lifestyles. Whether you want to live at the lake or just vacation here in the summers, I will do my best to find the home that works best for your specific needs. I will educate you about the current real estate market. I will be an active listener and help you review listings so I don't waste of any of your time. I will address all your questions and concerns and treat you as a valued friend. I will even stay in touch as you enjoy your dream.  I will also walk you through the "buying process," negotiate aggressively, always call you back promptly, show you properties until we fulfill your dream. If you'd like to browse through some fantastic Lake of the Ozarks real estate listings, visit my website. If you have any questions about any of these listings or would like to see one, please give me a call at 573-480-7376. Happy searching!



Judi Cloyd, Pinnacle Real Estate Partners
5780 Osage Beach Pkwy Ste 112
Osage Beach, MO 65065


Mon-Fri 8:00-5:00
Weekends by Appointment
573-480-7376 : Judi@JudiAtTheLake.com
Location: Osage Beach, MO 65065, USA

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