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Reply to "Second home ownership"
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[quote=Anonymous][quote=Anonymous][quote=Anonymous][quote=Anonymous]Who watches the property when you’re not in it most of the time? If a pipe burst or the water heater goes or it floods, how would you know? What if there’s a fire? How do you manage the huge risks of not living in a home FT? Also two homes = twice the liability for thinks like HVAC, roof, plumbing, wiring, landscaping/gardening, pest control. And double the insurance. How is this cost effective?[/quote] This is ultimately why we sold our second house. We had no one to look after it and turning on and off the water, worrying about snow, storm damage, etc was a pain. Someone said “you don’t get a second home unless you can afford it” which I guess is true- but really you need to be able to afford a live in caretaker. [/quote] A live-in caretaker? Ridiculous. I shut off the water when we are away for a long period of time, and control the thermostat remotely. No one looks in on it. The worst case scenario is that the house is destroyed in some freak event, just like with our maiin house. But it is insured, nothing serious has gone wrong in decades, and I have zero concerns about any of it.[/quote] +1 You don't need a live-in caretaker. If turning off the water is too much for you, then you're far too lazy to own any home. [/quote]
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