{"id":4032,"date":"2022-02-22T05:00:24","date_gmt":"2022-02-22T11:00:24","guid":{"rendered":"https:\/\/nwiloanguy.com\/blog\/the-perks-of-owning-more-than-one-home\/"},"modified":"2022-02-22T05:00:24","modified_gmt":"2022-02-22T11:00:24","slug":"the-perks-of-owning-more-than-one-home","status":"publish","type":"post","link":"https:\/\/nwiloanguy.com\/blog\/the-perks-of-owning-more-than-one-home\/","title":{"rendered":"The Perks of Owning More Than One Home"},"content":{"rendered":"

\"The<\/p>\n

Many things have changed over the past couple of years, and real estate is no exception. One impact is an increased desire to own more than one home. According to the recent Luxury Market Report<\/em><\/a> from Luxury Home Marketing<\/em>:<\/span><\/p>\n

\n

\u201cAs trends such as remote working and flexi-hours took hold in 2021, so too did the flexibility of <\/em>relocating<\/em> as well as the growth of second homeownership<\/strong>.\u201d<\/em><\/p>\n<\/blockquote>\n

This may be because the pandemic has altered how we think about our homes. Where we live has become, more than ever, our safe space<\/a> and our getaway. And with the rise in remote work<\/a>, more people are reconsidering where they want to live and buying second homes to give them greater flexibility. If you fall in that category, here are just a few of the perks you\u2019ll enjoy, and how owning a second home may be a great decision for your lifestyle and your future.<\/p>\n

Enjoy a Change in Scenery (or Weather)<\/strong><\/h4>\n

When you have two homes, you can alternate between them as the weather changes or as you crave different scenery. Do you want to live in an area with a particular season? Would alternating between a resort and a suburban setting be ideal? With two homes, you have those options. Being able to move between homes based on which location best suits you at the time gives you added flexibility and variety that can help increase your happiness<\/a>.<\/p>\n

Build Your Wealth Faster <\/strong><\/h4>\n

You may have heard that home equity<\/a> is skyrocketing, thanks to ongoing home price appreciation.<\/a> CoreLogic<\/em> reports<\/a> that the average homeowner gained $56,700 in equity over the last year.<\/strong> With home prices projected to continue rising, if you purchase a second home, you could benefit from rising equity on both properties to build your wealth (and your net worth) even faster.<\/p>\n

Be Closer to Loved Ones <\/strong><\/h4>\n

The pandemic has also reignited the importance of being near our loved ones. One option worth exploring is whether you want your second home to be near the people who matter most in your life. This makes it easier to see your loved ones but still gives you your own dedicated, private space so you can be nearby for major life events or longer visits.<\/p>\n

Lock in Your Expenses<\/strong><\/h4>\n

Buying a second home today and locking in your mortgage rate may be a good option if you\u2019re looking to stabilize your housing costs for the long haul. If you\u2019re approaching retirement or are looking to use your second home as your permanent residence in the future, buying that house now with today\u2019s rate and price may be a good financial decision<\/a>. That way, no matter what happens with rates<\/a> and prices in years ahead, your monthly payment is locked in for the next 15-30 years.<\/p>\n

Bottom Line<\/strong><\/h3>\n

Having multiple homes has considerable benefits. If owning a second home is something you\u2019re interested in, let\u2019s connect to explore your options, discuss the benefits, and take the next step to start your home search.<\/p>\n

Source: New feed<\/p>\n","protected":false},"excerpt":{"rendered":"

Many things have changed over the past couple of years, and real estate is no exception. One impact is an increased desire to own more than one home. According to the recent Luxury Market Report from Luxury Home Marketing: \u201cAs trends such as remote working and flexi-hours took hold in 2021, so too did the […]<\/p>\n","protected":false},"author":1,"featured_media":4033,"comment_status":"false","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"facebook_10157519356927224_105287467588662":"","twitter_15771620_15771620":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[54],"class_list":{"0":"post-4032","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-local-info","8":"tag-100-financing","9":"entry"},"yoast_head":"\nThe Perks of Owning More Than One Home—NWI Loan Guy Blog<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/nwiloanguy.com\/blog\/the-perks-of-owning-more-than-one-home\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Perks of Owning More Than One Home—NWI Loan Guy Blog\" \/>\n<meta property=\"og:description\" content=\"Many things have changed over the past couple of years, and real estate is no exception. 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