Owning a second home is a dream come true for most people. We all fantasize about our own little getaway, whether it be for the weekend or even an entire summer. For Boston residents in particular, purchasing a second home on Cape Cod is ideal. It’s close to the city, has beach access, and lets us get away from the busyness of life when we need it. But is it the right move for you?
If you are on the fence about whether to purchase a second home on Cape Cod, here are some considerations:
Does it make financial sense?
If you’re tired of putting money into vacation rentals and think owning a second home might be the right step for you, talk to a local real estate agent. Factor in the costs of a second mortgage, real estate taxes, and year-round upkeep. If you purchase a second home on Cape Cod, are you willing to offset the cost by renting it out when you’re not using it? Keep in mind, Simplified can assist you in managing rentals, errands, and ensuring your property is always in top condition and ready for guests.
Should I consider Co-Ownership?
If the thought of renting out your place is unappealing, but you don’t want to take on the full financial burden of a second home, consider co-ownership. Buy your Cape Cod home with a close friend or family member. This can significantly reduce your financial load and increase the amount of time your property is cared for. Especially if you are traveling from New York City or somewhere further, co-ownership may make the most sense. Simplified can help manage co-ownership arrangements, keeping both parties informed and ensuring the home remains in excellent condition.
How do I choose a location?
Do you want a second home with water access or are you willing to walk a block or two to the beach? Where on the Cape do you want to buy? Homes tend to be more expensive the further out you go. Consider the pros and cons of different locations, such as proximity to attractions, quietness, and overall convenience. Simplified can offer insights into various Cape Cod neighborhoods and help you make an informed decision based on your lifestyle preferences.
How will I maintain the home while I’m away?
It’s hard to take care of a home when you’re not there year-round. Hiring a company like Simplified to check in on your home when you’re not there is the easiest way to ensure it stays in tip-top shape. From routine maintenance checks to handling emergency repairs, Simplified provides comprehensive home management services. We take care of your property as if it were our own, giving you peace of mind and more time to enjoy your getaway.
Simplified Makes It Easy.
One of the biggest challenges of owning a second home is managing it from a distance. Simplified’s Cape Cod Home Management services make this easy. We handle everything from seasonal maintenance to coordinating with service providers, so you don’t have to worry about a thing. Whether you need someone to stock the refrigerator before your arrival, make dinner reservations, or oversee home repairs, our professional and discreet team is here to help.
By partnering with Simplified, you can rest assured that your second home is in good hands. Our experienced concierge team is dedicated to providing exceptional service, tailored to meet your specific needs. If you need more information, our knowledgeable concierge team is available to answer all of your questions about our Cape Cod Home Management Services. Let Simplified take care of the details, so you can fully enjoy your second home on Cape Cod.
Editor’s Note: This post was originally published in September 2017 and has been updated for accuracy and comprehensiveness.