As the baby-boom generation matures, vacation property has become one of the hottest segments of the real estate market. Many new homeowners have decided that having a second home within driving distance from their primary residence makes a lot of sense from many perspectives–

•It provides a stable place for family vacations–several times per year. In today’s stressful environment, having a place to get away really creates a great environment for your family.

•It provides an area trial for eventual retirement. Many families have no idea where to retire when the time comes–because they are too busy working and raising their families. A vacation home provides such a trial for retirement living.

•Ownership of a vacation home can help build equity for retirement.

Many homeowners do not realize that equity in their present home can help with a second home purchase. Even if you are not ready, knowing how much equity might be necessary for such a move can help you plan for when the need arises.

I have financed many second homes for my clients after their purchase of a primary residence. If you or anyone you know is interested in looking at the options, please do not hesitate to give me a call.