Buying a Second Home in Hampton Roads This Fall

Fall can be the ideal time to buy a second home in Hampton Roads. Most vacationers have gone, and some owners of vacation homes have listed their homes for sale. As the weather cools down, second home sales can heat up for buyers looking for deals.

Uses for a second home include:

• Vacations. Getaways and vacations can be some of the most popular, not to mention enjoyable, ways to spend time in a second home. Hampton Roads offers locales like the beach, bay, river, lake, meadows and woods for these types of homes. These properties can even be decorated with brighter, bolder colors since owners won't have to live with their choices full-time.
• Income opportunity. Some folks may want to begin their real estate portfolios by picking up a second home in southeast Virginia. Long-term or short-term rentals can provide steady cash-flow for those who buy correctly.
• Long-term investment. Maybe you see a must-have property, but you're not sure what to do with it. This scenario could be like the perfect long-term investment. You may use it temporarily for a vacation home, then rent it out and sell it for a profit down the road.
• Pied-à-terre. Hampton Roads is an area with many thriving businesses, and with those businesses come business people. Buying a pied-à-terre gives owners the ability to have a small place of their own close to work without having to drive or fly back home after working all day.

Whatever your reason for buying a second home in Hampton Roads, fall can be the right time to buy!