How to buy a second home for a fraction of the costs!

Makeda Phillander

4 years ago

Buying a 2nd Home – The smart way!

Have you noticed more of a trend for second home purchases? We are seeing a much higher interest in second homes now. COVID-19 has forced us to live differently. We realized we could work remotely, so why not have multiple options? Second-home sales rose 16% in 2020 and are up 35% through October of this year.

The median price for second homes has increased from $416,100 in 2020 to $467,100. Buying a second homes has become one of the fastest-growing trends in the US. More than 30 million Americans will enter the second home market within the next decade.

I want to share with you a great alternative to bearing the high cost of a second home. Enter Pacaso, and here are 5 benefits that they offer in the 2nd home market space:

1) Each Pacaso is a one-of-a-kind second home.

These are single family homes in the best locations and professionally designed to ensure your home is a place you’ll feel comfortable and relaxed.

2) A small group of co-owners enjoy the home

Because Pacaso limits the number of shares per home to eight, you and just seven other owners, at most, will have access to the home (only one owner will occupy the home at a time, of course). Plus, Pacaso homes do not allow rentals.

3) You own real estate, not time

One of the biggest differences between Pacaso and a timeshare is what you actually own. With Pacaso, you own a true real estate asset. Your share is real property, not simply a block of time. And because it’s a real estate asset, its value will move with the market — which means that any equity realized is yours.

4) You can use your home year-round

Each Pacaso share includes up to 44 stay nights per year — more than six weeks! You aren’t locked into a specific week or weeks each year, and you don’t even have to schedule weeklong stays. You can enjoy a weekend getaway or a mid-week escape, and you have the flexibility to plan stays anywhere from 8 days to 24 months in advance. You book time at your home using the Pacaso app, powered by our SmartStay™ scheduling system.

5) The resale process is streamlined

When it’s time to sell, you set the price you want, and they market and list the home much like a traditional real estate listing.

Experience the joy, not the regrets

Pacaso offers exceptional second homes in top locations. Pricing and costs are transparent and equitable, and you’ll never be surprised by hidden fees or bound to a rigid schedule. Instead, you get to enjoy your own private, luxurious oasis throughout the year, while Pacaso takes care of maintenance and property management.