Buying a Second Home in Jacksonville

Posted by on Wednesday, August 3rd, 2016 at 3:20pm

Winter will be here before we know it, and if you live in northern state or farther north, that means frigid temperatures, snow and ice. It doesn’t sound very nice. Here in Florida, we rarely experience the winters that some of the rest of the country and further abroad experience. That’s why it makes an amazing place to buy your second home. Buying a vacation home in Jacksonville is amazing for so many reasons. There is a large boom of people buying vacation homes in Jax who plan on retiring here once they are done working and making Jacksonville their primary home. Let’s find out why.

What’s so great about living in Jacksonville?

Of course, the weather is the first factor as to why Jacksonville makes a great spot for a second home. Typical temperatures in January range from lows of about 12 to highs of 31 degrees Celsius. While that is a pretty broad range, it definitely beats out lows of -40.

As for home prices, living in Northeast Florida is still undervalued, so home prices are quite a bit less than you would see in South Florida, even though you are still close to the beaches and all of the other amenities any person would want.

There are some amazing restaurants here, enough to satisfy even the pickiest foodie.

What’s your reason for buying?

While many want to buy a second home as a place to vacation and some want to buy it as a place to retire one day, some also buy it as an investment. Some may buy it as a combination of all three! If you are buying a second home as an investment, the first thing you need to do is to find out if you’ll be able to rent it. You’ll need to decide if you want long-term, live-in renters, or vacation rentals. If you are buying the property as a vacation rental, you’ll need to consider the following, when buying a Jacksonville home:

  • ·        Does it have a pool?
  • ·        Distance to the beach?
  • ·        Does it have adequate sleeping space?
  • ·        Can you get it furnished?
  • ·        Will it need constant upkeep?

You’ll also want to consider if you need a management company to manage your rentals or if you’ll be able to do it yourself using a vacation rental site like VRBO or AirBnB.

Get advice from your real estate professional

Talk to your real estate professional about what sort of property you want to buy, and what you’ll need it for. They should be able to find you the best options for your budget.

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