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Reply to "Pros/cons of buying a second home "
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[quote=Anonymous][quote=Anonymous]The small cottage is within a pretty reasonable drive from us in a scenic area. We would be able to handle yard work, maintenance, etc. and we would also be able to use it a lot. I think that there is a good chance that the home/lot will appreciate in value over the next 5 years. Aside from utilities and another mortgage payment, what are the other expenses associated with a second home that we should keep in mind? We do not plan to rent it out.[/quote] Insurance will be higher. Maintenance. [/quote]
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