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Browse: Home » Why buy a second home?

Why buy a second home?

5 Good Reasons to own a vacation home in  Myrtle BeachFamily enjoying second home at the beach

INVESTMENT

The real estate market has always been cyclical. Property values tend to fluctuate. However, over the long term, property is an asset class that has a history of
delivering solid returns year after year. After all, land is a finite substance! It is even scarcer in coastal areas.

REDUCED TAXES
A second home does not have to sit unoccupied while you are away. If you rent your property for no more than two weeks during the year you can keep the revenue
tax free! The mortgage, interest and property taxes you pay for the property are completely deductible from your gross income!  Here are some more tips on tax benefits for owning a second home.

RENTAL INCOME
You can elect to rent out your property more extensively while you are away. This is a great way to help cover the costs of ownership. Renting the property out to
other vacationers makes it possible for many of our clients to be able to purchase their “dream life” home. Generally, the more expensive the home, the higher the
rents you can expect. In the section below on taxes you will also see the tax and financial benefits you can achieve when renting your second home.

TRADITIONS
A second home is the beginning of a legacy for your family. There is something to be said for the familiar comforts of a “home away from home.” When you return to
the same location, year after year, you have the opportunity to establish long-term friendships with area neighbors and your family has the chance to catch up with
each other’s lives in a relaxed, enjoyable atmosphere. You also have the option to pass it on, so that future generations can enjoy
an inheritance of great memories and take advantage of the opportunity to pass down family traditions.

RETIREMENT
You worked hard to get where you are – now is the time to enjoy it. When you buy a second home, you gain the advantage of owning and enjoying property in a
prime location even before you retire! And if you decide to make your second home your new primary home, the transition will be seamless. Many of our clients are
buying their dream home now in order to secure their future residence.

Testimonials


What Dreamlife Clients are Saying
Debra ShawDebra ShawGolf Colony
Our agent Deborah did an exceptional job for us. She made the whole process easy and fast!
Brenda JonesBrenda Jones
Jeana was amazing. She was a jewel! She listened to what I was looking for in a vacation home and located many amazing properties for me to view. She never rushed or pressured me. She made me feel like a special client even though I am sure my price point was low end. Also, an issue arose ...

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George MosholderGeorge MosholderHampton Greens at Deerfield
Tom McLane treated us with respect and honesty every step of our journey. He went above and beyond what was expected and he always made us feel as though we were his most important client. We ALWAYS felt that Dreamlife Realty was looking out for us and we never doubted that we being treated like ...

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Richard HedrickRichard Hedrick
Jeana was extremely helpful every step of the way from the offer to the closing. Jeana was the perfect agent for me. She was very helpful and accommodating to my questions and concerns. Did a wonderful job when I failed to line up a home inspection and was able to help facilitate it with out interrupting the ...

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Laurel NiemanLaurel NiemanDeefield LInks
We absolutely loved Donna. She was friendly, efficient, and very knowledgeable. She helped us both with our search and all the closing issues which were completely foreign to us!  She was a pleasure to work with

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Ken & Kim SobiewskiKen & Kim SobiewskiBlue Water Keyes
Our buying process was so much more pleasant than we could have expected. Deborah listened to us,...and we felt she immediately knew how to direct out search. She went above and beyond before, during and after our purchase. We will try and connect with her anytime we are in Myrtle Beach, and look forward to having her ...

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BIll NeedhamBIll NeedhamAberdeen Buck Creek - Golf Course
I enjoyed working with Deborah Rhyne. She kept me up to date on our deal and has guided us in the right direction for goods and services in the area.
Dave PisarchikDave Pisarchik
I can’t say enough nice things about Dreamlife Realty,” Dave says. “They really listened to me and I felt like they cared about finding me a property that fit the needs and wants I had. The whole process was great.

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Mike PernaMike Perna
Jeana was very responsive to our needs/questions. She gave great attention to customer service.

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Barb & StanBarb & StanParkview Subdivision
Donna made our Dream come true finding the perfect place for my wife and I to spend time and possibly retire too. She worked incredibly hard to make this happen even when we tasked her with multiple requests. Our family couldn't be any happier right now. Thank You for your hard work and dedication, Donna!

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Mike & Marge RzepkaMike & Marge RzepkaEdgewater at Barefoot Resort
Lorene at Drealife Realty became a great friend. She was absolutely fantastic. We are really excited for the future.

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Dana & FreddieDana & FreddieBaywatch Resort
Tom was simply amazing, and is unsurpassed in meeting the needs of his clients'. He was focused on our needs and the efficacy of our budget. Tom was genuine, helpful and did not try to sell us what he wanted to sell, he helped us find what we wanted in our vacation home. His patience and excellent ...

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Dennis ConnellyDennis ConnellyThe Havens at Barefoot Resort
Wendy was excellent with her constant effort to stay in touch and find a property to fit our needs
Bonnie ClearyBonnie Cleary
Jeana was great and very responsive.

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Linda BouvetteLinda BouvetteSea Cabin
I enjoyed working with Deborah – she made the process very simple and easy.
Bernie McVeyBernie McVeyXanadu
Tanya stayed in contact with us thru the entire process to ensure satisfaction
Betty ReynoldsBetty ReynoldsGolf Glen Villas
By all means,if you want a carefree experience in purchasing a home, please note, Tom McLane makes this process a very pleasant and exciting adventure. All our needs were met. Always available for any of my questions or concerns. I can't say enough great things about Tom. I was totally new in this area and he ...

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Larry PogacnikLarry PogacnikArrowhead
Realtor Tom McLane was very knowledge and found us exactly what we were looking for.

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Lisa StewartLisa StewartOcean Forest Villas
We had the greatest experience working with Deborah Rhyne purchasing our vacation condo. She was very knowledgeable about the property we purchased and their HOA. She gave us bank, insurance, attorney and home inspector references. She also referred someone we could get furniture from since our condo was purchased unfurnished. This experience was far better than when ...
Allison BencieAllison BencieSurfside Beach
Wendy went out of her way to meet us early In the morning and even brought an amended contract to us when we were furniture shopping and leaving early in the morning for Maryland.
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How to Buy Vacation Home - Myrtle Beach

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Dreamlifer Spotlight

The family vacations of childhood often become cherished memories that pass through the generations. For Dreamlifer Linda Bouvette, holidays to Myrtle Beach with her parents began when she was three years old. Her memories of those early vacations include a much quainter version of Boulineaus, a front porch on VJ’s motel where she often sat with her father and the close group of family friends that coordinated their yearly holidays together. [Read More...]

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