An Extra Home is Always a Blessing – Read to Know Why!

Owning a home is good, but, having an extra one is even better! If you have some finances that you can spare or arrange for, then we suggest -- you better buy a second home for yourself! The size of the home and its lavish surroundings isn’t an important matter here. Just a residential property which is in a good vicinity is enough to prove beneficial for you.

Why Should You Have a Second Home?

Most of the time, after owning one home, the thought of acquiring a second one never crosses your mind. But this is actually the best decision to make when you can afford it. Read for the valid reasons behind this statement below:

1. A beneficial asset —The financial growth of a person is often weighed by the number of assets the person owns. So, if you want to gather some great assets under your name, instead of buying smaller items like a car or gold, you can always prefer a house instead. You’ll definitely never regret making this decision later.

2. A wise investment— Most of the time, investment is only seen in mutual funds and shares! But you know and even they say that it’s a matter of time when your investment can tremble due to fluctuations of the market. Well, if compared to this, investment in a house is always beneficial. With the real estate prices soaring high, you are sure to get fabulous returns of your property. (And a residential property always sells like hot cakes!)

3. An extra accommodation — Had a row with your partner? We always hear those threats of going away from the house! Well now you can actually go away to teach your partner a lesson! Just kidding! But seriously, you never know when an emergency can occur, and you’ll require a place to live in! An extra home never harms in such a situation.

4. Rent it for best returns — You can even start earning the moment you buy a spare home – rent it out. Just get it designed and built conveniently by one of the good builders in Wellington like Strait Construction LTD. They will make it extremely comfortable and inviting and your tenants will certainly be impressed with it at the first glance. And thus, you start earning money through your spare home!

5. Vacation den — When you are bored of your daily life in your home and need a gateway, this spare home seems sent from heaven! And if this house is situated in another city, then it becomes a perfect holiday destination for your family and yourself.

6. Best retirement plan —You can never predict tomorrow. But with a second home, you can always be ready for it. If your finances dwindle after your retirement, then this house is enough to bring you nice income during such tough times. And if your present house deteriorates, even then the spare home stays there to comfort you in your old age.

7. Tax Benefits – If you are buying your property by the virtue of a bank loan, then in many places you get tax benefits for the same. Do check with the law of your land and if such a facility is available, secure full benefits of the same.

8. Nearby crash pad after work – If your home is far away from your workplace, then daily commute can be a torture – especially if you are living in a busy traffic congested metropolis. Having a crash pad near your workplace can be a saviour in such instances.

A second home never keeps you at a loss! In fact, the benefits coming from this are uncountable and that’s what makes it worth the investments! P.S. - you can even try for a third one if you have the money!