Listing Courtesy of RE/MAX REALTY GROUP REHOBOTH
Last week, those of us who were out and about during the increasingly short daylight hours could take in what looked like the regular number of Rehoboth Beachhomes decked out with the familiar Christmastime paraphernalia. When the weather cooperates, it can’t help but bring a smile to your face to spot the reindeer, Santas, giant candles, elves, menorahs—all the elements that help bring home the familiar feelings the season seldom fails to muster.
I bet it’s just that—the sheer familiarity—that explains a large part of why the magic of Christmas is no exaggeration. Sooner or later we feel it. It grabs us. It’s Christmastime again!
This usually starts (for me at least) with a valiant attempt to reject reality. Sometime between Halloween and Thanksgiving, with the first department store ad or the first notes of a carol playing somewhere in the distance, we think “OH NO! – NOT ALREADY!!!” This is the part when the ‘magic’ part of Christmas is nowhere in prospect. The whole concept is at its most materialistic (the ‘material’ being that we haven’t started serious Christmas shopping, are too busy to even think about it, can’t recall whether the turkey pan was wrecked when last year’s gravy got burnt, etc. etc. etc.).
Immediately thereafter, in a truly magical disappearing-of-time act, it’s suddenly a couple of weeks before the big day, when all the preparations had better have been set into motion. It’s already holiday running-around time. This is when we are out and about, and can take in all the Sussex County homes belonging to Rehoboth Beachhomeowners who have the organizational skills that allowed them to erect the reindeer, Santas, giant candles, elves, menorahs, etc. It’s also the time of year when we may begin to experience some of the true magic of Christmas…especially if our running-around to get ready happens at night, when the Christmas lights are ablaze…
For some of us, there is something about those area homes decked out in lights, and the ornaments, and the carols, eggnog, cookies, turkey. Even the fruitcake. It’s the familiarity of the way all the trappings combine to bring back memories: images of our kids’ Christmases, or our parents, or dearest friends…and finally, of our own childhood.
In spite of all the running around, sooner or later, this most special, set-aside top of the year puts us in mind of how very much we treasure the ones who are dearest to us. If we’re lucky enough to have them gathered close, it’s pretty wonderful. If this year, that can’t happen—the memories will have to provide the magic. Sooner or later they usually do.
Whether this Yuletide brings you Christmas or Hanukkah gatherings (or both!), here’s wishing you and yours the happiest, most joyful of holiday celebrations—the kind that create future Christmas magic! Call/Text me Russell Stucki at (302) 228-7871, email me at firstname.lastname@example.org, visit more listings at www.beachrealestatemarket.com.
People approach the whole idea of owning a second home from a hundred different perspectives simply because a second home can answer so many different purposes. If you are an Sussex County homeowner at the stage in life where making retirement plans is becoming a more immediate imperative, you might want to buy a second home as a vacation destination—but one which is also a tryout for your family’s future center of operations. Those who have spent a good part of their lives in cities sometimes seek a second home in the mountains or at the shore as a restorative refuge. People living in less crowded environs might crave a pied-à-terrefor proximity to a city’s cultural riches. There really can be a hundred different reasons (and that’s not even counting all the financial ones)!
Once you begin to seriously entertain the notion, it becomes evident that deciding on which of many possible directions to pursue will involve weighing the tradeoffs each presents. In addition to an opening a conversation with the Sussex County real estate professional whose advice you’ve come to trust the most, some of the main points you will want to consider—
· If the second home is going to serve even temporarily as a weekend getaway spot, then buying within reasonable driving distance may be more important than you might assume. Keep in mind that the drive (or flight) will grow steadily less interesting as time passes.
· In most instances, a second home will be occupied by members of your family only on a part-time basis. This brings up a number of issues—among them, insurance. Vacant properties present a different profile to insurers than do homes that are occupied most of the time. Hazard insurance tariffs could also differ from what you are used to (especially in flood-prone areas). Investigating insurance coverage and costs early on in your search will help you to avoid surprises.
· You should consult your tax expert for details, but as a general rule, if the home is not rented out as a business proposition, you’ll likely find that you are able to deduct mortgage interest and property taxes on your Federal tax return. Then again, if you are thinking of renting the house out for more than 14 days per year, rental income is taxable. In that case, though, you’ll be able to use deductions for expenses, such as insurance, maintenance, professional fees, and sometimes even depreciation. Each situation will be different—again, your tax professional will have the relevant answers.
· Financing a second home is similar to financing your main residence. You are likely to need a down payment of 10% to as much as 30% in some cases. If you will be drawing on the equity in your current home, it’s only prudent to be able to retain a reasonable amount of reserves for unforeseen emergencies.
Many people buy a second home in anticipation of retirement. If that is the case, think of factoring in the availability of quality medical and support services in your search areas. A remote cabin in the woods may seem appealing now, but as a retirement venue, maybe not so much! Thinking about the long range is never more important than when you are entertaining the purchase of a second home. I’m here to help clarify those issues, as with all your other Sussex County real estate need.