Second belongings are getting costly, and family candidates is glance at interest rates, upfront charges, restoration fees and taxation whenever figuring the purchase price.
Need for 2nd home features ramped up within the last couples off age as rich People in the us fled thicker places for more elbow area and you will a better consider.
Brand new demand for 2nd – or 3rd – house is out of this world, told you Costs Hernandez, a real estate representative regarding deluxe residential property when you look at the Southern area Florida to have Douglas Elliman.
70 % out-of respondents inside the an excellent 2021 federal survey told you it was basically searching for the second family otherwise already owned one, up from about 60 percent the season prior to, considering RCLCO, a bona fide estate consultative corporation you to conducted the brand new questionnaire.