

| VACATION HOMES ARE BECOMING A REALITY FOR MORE HOMEOWNERS… Whether it is a lake front cottage or a log cabin in the woods, a vacation home often seems to be a dream that only the wealthy can afford. But these days, you don’t have to be a millionaire to own one. A nationwide survey shows the median household income of second-home owners is $46,500. And according to recent statistics, there were 7.2 million U.S. Households in the 1990’s that owned some kind of recreational property or second home for vacation purposes. That number is expected to at least double and possibly triple over the next ten years. With today’s continued low interest rates, the tax advantages a second home can bring, and a wide selection of areas experiencing solid home price appreciation, this is an excellent time to consider purchasing a second home as an investment – and a great getaway place. When searching for your second home, remember to investigate the area thoroughly. Ask a local Realtor such as Molony Real Estate, or the local Chamber of Commerce to provide information packets, maps, and brochures. Take time to visit the area several times – a few months prior to and during its peak season(s). Are the crowds unbearable? Is the weather unpredictable? Speak with a local Realtor such as Molony Real Estate, regarding current and past home prices. Knowing the area’s sales history will help determine the market value of the homes and effectively predict their appreciation potential. Once you have settled on a community, work with your Realtor and lending institution to determine how much you can afford. Drive around the town and its neighborhoods. Experience the day-to-day activity around potential properties. Keep in mind you may decide to retire to the area one day. Will the property serve two purposes – that of a vacation and retirement home? Remember, vacation homes remain a good investment and provide substantial deductions on yearly tax forms if they meet certain criteria. As the laws are ever-changing, complex and detailed, consult your Molony Real Estate agent, who works with a tax attorney or certified accountant, to calculate the tax benefits of owning a second home. Relaxing in your own home in that dream vacation spot is not out of your reach. Call Molony Real Estate today, we can put you in contact with a Molony Real Estate Realtor experienced in the areas of your interest. 608-592-7306 or 608-445-8464 Email: MolonyRealEstate@Yahoo.com. For LISTINGS & more information take a look at our website page "About Us" @ MolonyRealEstate.com. |
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| Wheelchair Ramp Available In order to achieve the goal of expanding the availability of housing opportunities for persons with disabilities, Molony Real Estate has acquired the use of a Wheelchair Ramp. Please let us know when setting up your appointment if you will need the use of the Wheelchair Ramp. |
| "Americas greatest fear is running out of money during retirement." |
| Molony REAL ESTATE 377 CLARK STREET PO BOX 194, Lodi, WI 53555 608-592-7306 & 608-445-8464 Website: MolonyRealEstate.com Email: MolonyRealEstate@Yahoo.com |
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