Many buyers who look for homes at Lake Oconee are looking for a second home for personal vacation use,
for investment, or for rental for income. Sometimes it’s just not that clear-cut, a vacation home may be rented some of the time, and a vacation home may be a future retirement home. I am introducing this subject to my blog readers to announce my recently earned educational specialty in real estate: the RSPS designation, Resort and Second-home Property Specialist.
The course of study offered by the National Association of Realtors included all the facets of buying and owning a second home: financing a second home, tax laws concerning the use of second homes, time limits on renting homes without accruing taxes, helping maintain a healthy environment for a second home community.
Many of the special factors included in selling second homes we have learned by experience here in Lake Oconee. Some buyers use 1031 exchanges to buy homes, some buyers have to satisfy the FEMA flood plain maps, some buyers for investment have issues with renters disturbing nearby homeowners.
The Harbor Club Townhouse pictured above (click photo caption) has been used to provide income to offset expenses through a rental program while it served as a vacation home for the owner. It is presently for sale and could be your second home.
Another possibility for a second home for investment or vacation is a home at the Landing on Armor Point.
If you are looking for a second home for vacation, retirement, or investment, call Suzie and Jim for information about the possibilities and limits. Buy your Lake Oconee home before next summer!
Contact us at RE/MAX Lake Oconee
Suzie Hudson 706-347-1115, or Jim Hudson, 706-453-6253.
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