Yes Western New York is a wonderful place to live! But sometimes the cold is a little more than you want to deal with and you are thinking of purchasing a second home in Florida. Marco Island is a beautiful spot and you will find many Western New Yorkers there during the winter. Be prepared the pizza and wings are less than desirable, but the seafood is amazing…. I should know I lived on Marco Island for several years.
Another surprise I want to warn you about is the realities of owning a second home.
You don’t want to be caught by surprise the realities of owning a Second Home on Marco Island. There are the costs involved, then there are the realities of owning a second home. Especially because you will have to travel some distance to get to your Second Home on Marco Island.
Read Also: So you want to purchase a Florida vacation home and rent it out.
Owning a second home is a great dream of many. But is it for you? Here are a few things to think about before you decide to purchase a second home on Marco Island:
- Are you going to rent it out as a vacation rental? Know that you will have to have a great system to market your home, and an incredible local support system there.
- Beware of time shares — if you are convinced a time share is the right choice for you, investigate the resale market.
- Think it all the way through — the thing that draws you to a property might be the largest disadvantage. If you only want a second home for vacation purposes for a few years, it might be better to rent.
- Remember that a second home is an investment property and subject to capital gains.
- Be careful with joint ownership with friends and family.
- Second homes typically come with all the expenses of your primary home, plus a few additional. Make sure that your insurance coverage covers your second home.
If you review all of the pitfalls and still think that owning a second home on Marco Island, please call us today at (716) 650-0051! Need a place to stay to investigate I know of a few that may meet your needs.
