Are second homes a good investment?

By |2018-09-11T08:08:15+00:00September 11th, 2018|

Fallbrook News

For decades, buying a second home was pretty much a single-dimensional experience. You bought a place where you would either vacation, or live for several months of the year (often to enjoy a nicer climate).

But with the emergence of home-sharing services like Airbnb, HomeAway and VRBO, second homes are offering you a whole new dimension. Now you can have a place for part-time living, and when you’re not using it, the home can provide you with a regular revenue stream.

Purchasing a second home has become a true investment opportunity, not simply a lifestyle choice. So much so that even major hotel chains like Hyatt are jumping in. The key, as always with real estate, is location, location, location.