Room by Room: How to Furnish a Vacation Rental Property Room by Room: How to Furnish a Vacation Rental Property is a follow-up to “The Basics of How to Furnish a Vacation Rental Property.” As an experienced vacation rental guest, I learned from observing and …
The Basics of How to Furnish a Vacation Rental Property Many snowbirds understandably dream of eventually purchasing their own vacation rental property. My husband and I rented for six seasons and it inspired me to write a post entitled, “What to Look for in a …
One consideration of buying a second home is whether to retain or down size one's Northern home [Covington Lake, Northeast Indiana]
Pros and Cons of Owning Two Homes
15 Point Checklist Before Buying a Second Property
Many snowbirds think about owning a vacation home or investment property in their warm weather climate. There's a lot of appeal and advantages to have your own place and in time, it may appreciate in value, depending in part on the type of property and location.
However, for every pro, there's a downside to owning two homes. My husband and I have more than 14 years' experience with two homes, including a condo in our Northern community that I manage as a long-term rental. Long or short term rentals is an extensive topic that will be covered in a future post.
Let's focus on the major considerations of buying a second property in a warm climate where you want to split your time. We will assume you finance the property without partners or some sort of timeshare or fractional investment arrangement. Even without managing partners or renters, it's a lot to take on, not only financially, but the logistics of living in two places. Don't discount the impact of feeling the pressure of friends and family who express their needs and wishes regarding either of your homes. Below is a 15 point checklist of the major considerations based on my own personal experience as well as future ambitions.
Checklist of 15 Considerations Before buying a Second Home
Before you even get to the "fun" part of deciding what type of home you want, how it will look and be furnished and where it will ideally be located, there's much to think about -- the practical nuts and bolts of what it really means to own a second home and how you plan to address the issues that will invariably crop up. Not to mention how much it costs and where the money will come from to pay the bills.
Don't impulse buy. Find out the stats including cost of living, crime rate and weather patterns. Know the area you are considering as it relates to daily life as well as the impact of high season vs. low season. Will traffic be a nightmare during high season? Consider how you will get there and how much it will cost. Can you and your guests arrive easily by air if needed? Will your new property meet your needs in two, five or ten+ years? Are there local restrictions that will affect you? We have Northern neighbors who fly to Hawaii for an extended winter stay. While there, they have experienced much higher prices for airfare, housing and food; delays and inconveniences due to weather, such as volcanoes; as well as travel restrictions due to the Covid pandemic. Ultimately they bought a second home in south Florida because it was too expensive and too distant to invest in an island property.
How important is size or type of property? Park models and mobile homes are very popular options because they are available at many price points for almost any budget. The big question then becomes, can you and your spouse get along when living in very close quarters? This type of living arrangement works better when there's outdoor space and activities to spread out a bit.
Some snowbirds sell their Northern home and buy something smaller so they can also buy a second home in a warmer climate. Before doing so, make sure each place is a win-win. If you end up with two condos in two climates and neither has a private fenced yard for your dog or space for a vegetable garden, it could ultimately be quite deflating.
It's really not that unusual for spouses to spend time at either home without their partner. I know of couples who spend a few weeks or months together in their warm weather home and then for various reasons, one might be in the southern home and the other has to travel back North, whether for work, family or other commitments and occasions. If that is your situation, can you work out the logistics as well as the physical separation of being apart?
Are you fully prepared for family or friends who ask to stay short or long term at either of your properties while you are not there? This is a serious issue that is also not that unusual. Talk it over with your partner to be prepared in advance for whatever answer you will need to give. Come to a mutual agreement, then be firm with your decision. During the frenzy of a crisis, you don't need the added burden of getting into a heated argument with your spouse because you didn't have a plan in advance. There's nothing worse than feeling you can't come back to your own place because someone down-on-their-luck is living in your home and maybe even driving your vehicle/s. Remember, having a second home that you've diligently worked to attain will automatically invite envy, criticism and/or multiple requests for favors.
It's one thing for immediate family to request favors regarding staying in your second home, but imagine if friends, neighbors and friends of friends start asking to stay in your property? Set the parameters before you buy so that you have solid, consistent answers when the time is necessary. I know of a woman with a second home on a lake whose adult children stay in it fairly frequently and are known to eat up the pantry items, deplete the toilet paper supply, leave loads of dirty linens and towels and piles of dishes in the sink. That's bad enough, imagine how you would feel if a stranger did it? It may not be worth the agony, even if you charge a daily rate to cover costs.
Last, but not least, whether you are a domestic or international home buyer, there are many legal, tax, insurance and financial pros and cons to owning two homes. Check with your professional advisors before making any commitments. Do your homework in advance so you are fully aware of the impact of having a second home.
1. Who will stay at the second property?
--You and/or your spouse?
--Your pet/s?
--Family? If so, immediate family or extended family?
--Friends?
--Friends of friends?
2. Who will stay at your primary property?
--You and/or your spouse?
--Your pet/s?
--Family? If so, immediate family or extended family?
--Friends?
--Friends of friends?
3. How long will you each stay at each property?
--Split the time in half?
--Go back and forth every few weeks or months?
--If you are an international buyer, can you meet the residency requirements for both countries?
4. How will you and your pet/s get to/from your second home?
--Air?
--RV?
--Vehicle?
5. Where will the second property be located?
--City/metro
--Desert
--Golf community
--Island
--Mountains
--Rural
--Senior community
--Waterfront: ocean, river or lake?
--Access to an airport?
6. What type of property are you considering?
--Condo/townhouse/villa
--Manufactured home
--Park model or mobile home
--Single family residence
7. What kind of amenities do you want?
--Balcony, deck or patio?
--Clubhouse?
--Dog park or fenced area?
--Entertainment?
--Fitness equipment/gym?
--Parking: public, private, covered or garage?
--Pet friendly?
--Pool: community or private pool?
--Sports activities onsite such as golf? Tennis? Racquetball? Volleyball? Shuffleboard? Miniature golf?
--Storage?
--View?
--Yard: public space, private or fenced?
8. What is your budget for your second home? How much can you spend on:
--Down payment (10% to 20%), closing costs
--Mortgage
--Insurance
--Homeowner's Association (HOA) fees
--Duplicates of everything, including furniture, appliances, clothes, sports equipment
--Amenities
--Cable television and wifi
--Lot rent
--Maintenance
--Security
--Supplies
--Taxes
--Utilities
--Vehicle/s
9. How will you maintain two properties?
--Through a condo or community HOA?
--Private arrangements?
10. What kind of transportation will you permanently keep at your second home?
--Bikes?
--Golf cart?
--Motorcycle/s?
--None?
--Vehicle/s?
11. How will you solve unexpected problems in either home?
--Do you have a solid team of neighbors, friends or family in either place?
--Can you solve mechanical and other problems from afar?
--Are you willing to find and hire long distance help as needed?
--Can you provide access to your property through a key code or other means?
--Is your insurance coverage adequate?
12. How often will you welcome guests at either property?
--Anytime?
--Invitation only?
--On a limited basis?
--Upon request?
13. How will you handle your guests?
--How long will guests be welcome to stay?
--Are guests expected to contribute financially?
--Do you have a budget to entertain your guests?
--Will you provide beverages, food and meals for your guests?
--Do guests need to provide their own transportation?
--How will you handle guests who ask to stay in your property during your absence?
--What is your plan if a guest behaves badly?
14. How will you handle the stress of two properties?
--Are you ok with the commitment of returning to the same place each year?
--Are you well funded?
--Do you have plans and back-up plans for problems that arise?
--Do you mind cleaning, stocking and maintaining two properties?
--Are you and your partner in agreement on how you will handle major issues?
--Can you travel back and forth on short notice if needed?
--Can you realistically manage one property from afar at any given time?
--Will your pet adapt to two homes?
--What will be the remedy for damage caused by you or your pet/s? Natural disasters? Damage from guests and their pet/s?
--How will your loved ones be impacted when you are away?
--Can you accept the risk your property may decrease in value?
15. At what point will you opt-out and sell either property?
--When you retire?
--When you reach an age where you can no longer travel back and forth?
--When it becomes too stressful or expensive to manage two properties?
--When your loved one/s are no longer living nearby?
--When one of the properties significantly appreciates in value?
--When your spouse or partner expires?
--Do you plan to infinitely retain two properties?
--Have you implemented an estate plan?
"You will never be completely at home again, because part of your heart will always be elsewhere. That is the price you pay for the richness of loving and knowing people in more than one place.”
Leeward Key in the Destin area features stunning views of sugary white sandy beach of the Emerald Coast Cost of Snowbird Rentals: Beach, Desert, City/Metro Comparison of rental rates for houses, casitas and condos in three different areas Many snowbirds rent housing in a warm …
Before becoming an RV snowbird, there’s many considerations including expenses and type of recreational vehicle [Miramar Beach, Florida] RV Snowbirds 21 Considerations Before You Buy a Recreational Vehicle Travel in recreational vehicles, known as “RV’s,” has always been a big thing, but with the 2020 …
Snowbirds deal with a range of coping challenges no matter where they are. [ Seaside, Florida, South Walton County]
Where Do I Belong?
Recently I was asked by a reader about coping with the challenges of living in and between two homes and communities. Specifically, regarding the bittersweet emotional process of physically letting go of one set of friends/family, residence and community to move into an entirely different place. And once there, to feel fully engaged and a sense of belonging without longing for one's other "home." To those who have not experienced life as a seasoned snowbird, it may come as a huge surprise that it isn't as easy as simply packing your bags to travel back and forth from one residence to another without a second thought. It's a series of mixed emotions that can make or break your happiness as a snowbird and make yourself ponder, "Where do I belong?"
Winter Visitors vs. Winter Residents
There's a common misconception that snowbirds are just "visitors." A common alternate term for "snowbird" is "Winter visitor." In my opinion, these terms are completely inaccurate.
Is there anyone who still feels like a "visitor" after spending more than a short time in your warm weather residence? I doubt it. Snowbirds usually consider themselves fully invested in their southern communities on many levels, so a better term is "Winter resident" or "Winter Texan, Floridian, Arizonan," etc.
House vs. Home
There's also a common misuse of the term "house" vs. "home." A "house" is a building or structure used for human habitat. A "home" is a place of emotional connection where one feels comfortable, safe and a sense of belonging.
Before anyone starts judging about "first world problems," let's cut to the point. There's a lot at stake financially, physically, emotionally. Many modern snowbirds are middle class and have worked, sacrificed and saved their entire lives to achieve this goal -- it isn't a lifestyle exclusively for the wealthy. Nor is it a lifestyle that anyone takes for granted. It's a conscious choice to be a snowbird.
It's not all that uncommon in today's society to live in two homes. Children of divorced parents need to feel "comfortable, safe and a sense of belonging" in each home, as do adults.
It makes no difference if you own or rent your home -- just ask a child. They don't own their home, but they sure know if they feel they are "home." The emotions of one's "home" are the same for everyone, regardless of age, marital status, geographical location, ownership or the size of one's bank account. If you have a lot or a little, recognizing and acknowledging the psychological issues of living in two homes can provide a huge advantage to feeling well adjusted vs. floundering.
Two Homes, Deep Emotions
Snowbirds typically live in two modest homes or one modest home and one rental home, park model, condo or some combination of all of these, anywhere from a few weeks to half of the year or more. Most of the time, all is well and although there is some psychological adjustment, surface feelings are kept in check.
However, many snowbirds don't openly share the deep emotions of living in two communities. To an outsider, it may seem like a carefree life, yet there is a wide range of emotions of living in two homes that fall into several categories. At times it might seem that this is part of some sort of midlife crisis. Based on years of experience, I've identified common psychological issues of living in two homes, personal accounts and coping strategies to bring more balance based on my own experience, as well as others. By confronting one's emotions, it can be therapeutic. As they say, "What you recognize, you energize."
Transitioning Between Homes
Issues:
--Coping with the emotional struggle of anticipating and letting go when transitioning to/from one home to the other
--Feeling unsure of where "home" actually is, for example, if someone spends half of their time in the south, but feels the north is one's "real home"
Personal Account:
There are snowbirds with a more complicated situation than others. For example, the reader who inspired my post shared that she works part time in her southern community, which is where she and her husband live most of the year. Their son also lived in the south, but moved back north two years later and it’s very hard for her being away from him. She lives in her northern home for two warm months of the year and at Christmas. Her mother visits for two weeks in February. Her husband has absolutely no problem with the transition of having two places, but despite having great friends, she struggles with, "Where do I belong?"
Strategies:
Know your triggers. Recognize that there are many emotions interacting and it could be a mix of many different issues.
Ask yourself: "If I were at my other home right now, would I be missing my present home?" And then answer why or why not. It will likely be a good reality check. You may be forgetting many of the qualities that long ago attracted you to your choices of homes.
Apply the same principles that divorced parents of children living in two homes instill in their kids: acknowledge that the range of emotions you're feeling are normal and not bad. Tell yourself it’s OK to go to the other place, have fun while there and enjoy being at each home. Remind yourself of the different benefits to each place and that although each home is entirely different, everything will probably be OK. You're not going to do things the same way in each home and that’s fine too.
Reevaluate and examine if any changes need to be made? If you're stuck in a rut, it may be time to take steps in a new direction.
Plan a list of goals, projects and objectives for your time in each place. As an example, "While in my southern home, I want to: explore new geographical areas, try new activities and learn a new skill." And "While in my northern home, I want to reconnect with loved ones, take a community class and make some home repairs and upgrades."
Fear of Missing Out
Issues:
--Feeling disconnected, isolated, left out, empty or unsettled, regardless of having friends in both places
--Missing family and loved ones and/or fears of abandonment
Personal Account:
We have a senior family member who truly wants to spend time with us in our southern home. To date, primarily due to mobility issues, she has been unable to travel that far. Of course, she is greatly disappointed to be left behind and miss out on time in a warm climate. She worries about who will help her at home with mundane tasks or anything major that might happen. Of course we feel the pressure and guilt of leaving not just her, but everyone else, even though we are away for weeks, not months at a time.
We have snowbird friends who stay months at a time. By the time we join them for the last portion of the season, at times we know we've already missed a lot.
Strategies:
Admit, you and they will miss big and small happenings and things will not be the same, but life will go on. Acceptance is the first stage of coping.
Remind yourself and those left behind that no place is perfect and the perceptions vs. reality don't always match. As an example, even if our loved one was able to visit us, there would be a whole new set of problems, such as our vehicle that she is physically unable to climb into, plus a lack of furniture that would accommodate her mobility issues.
Help your loved ones understand that as much as you might want to, you can't just pick up and return back and forth between your homes for a host of reasons. But you will do your best to communicate regularly and help solve their problems from afar.
Make small changes to stay in contact. If you don't already use video conferencing such as Facetime, Zoom or Skype, learn how to do it and then make regular contact with loved ones.
Try sharing your emotions with your spouse, closest friends and loved ones if you haven't already. Let them know you are having feelings of abandonment, fears of missing out, feeling stuck/trapped and so forth. Chances are, they feel the same way about your absence and may need to express their feelings as well. Communication is key.
Keep up with your regular online social presence. If you typically stay in contact via social media such as Facebook or Instagram, make sure you are checking in regularly to feel connected.
Send care packages. A bouquet of flowers or thoughtful small box of cookies or treats with a letter or note at regular intervals can help you and your loved ones bridge the distance.
Feeling Down
Issues:
--Feelings of depression or being in a funk despite living in a warm weather climate. In other words thinking, "I shouldn't feel this way."
Personal Account:
I have a friend whose husband is not yet retired so she is a solo snowbird four months of the year. Her first season she was so excited to experience beach life she kept very busy. There were many, many groups of friends she hosted who came to visit and she spent time traveling around the region exploring exciting new cities, such as New Orleans. The following year, the newness wore off and she realized she was feeling depressed and didn't leave her condo for days at a time, despite being in her beloved
new southern home. By the third season, my friend acknowledged she is ready to significantly reduce time in her southern home to pursue new international travel adventures.
Strategies:
Recognize that you may be prone to feelings of depression or feeling down, regardless of where you live. It may be due to an extended drop in the weather, a lull in activity, being away from loved ones and/or biological predispostions.
Make sure you create daily and weekly reasons to get out of bed, dressed and into your environment before you get caught in an emotional quagmire.
Plan more exercise and physical activities, such as a long daily walk. Reach out to a friend or neighbor to make social plans. Take care of your health by eating clean and nurture your intellectual side with a good book. Take up a new hobby or expand one you already have to give yourself direction and purpose. In other words, make a conscious commitment to self-care for the sake of your sanity.
Acknowledge if you took on too much for too long of a time. Realign your goals and priorities.
Fear of Change
Issues:
--Fear of change, such as not being able to come back to one's southern home
--Fear that one's friends and loved ones will no longer be there upon return to either place
--Fear that one's northern or southern home will not be the same due to uncontrollable reasons, such as health or financial
Personal Account:
I realized I was having mixed feelings about returning to either my southern or northern home after a series of negative events in each place.
The first year, our beloved dog became gravely ill and died within two weeks of arriving in our southern home. After Reilly passed, we felt empty and hollow without her. It was a very tough start to what I anticipated as a very happy chapter in my life. When we returned north without our dog, I felt I had nothing to look forward to -- no plans, no dog, just an empty house. And I do mean house. It took a long time and much effort to cope with the unanticipated negative emotions before it felt like home again.
Our fourth season, despite the fact that our northern home was occupied at the time, we had an undetected major flood in the lower level within days of arriving in our southern home. It caused huge stress for my husband and I while away and upon our return we had to deal with the aftermath and expense of repairing and putting our home back together.
Strategies:
Recognize that nothing is static, problems happen regardless of where you are and that life is a series of large and small changes.
Dump the baggage. Admit that just because something horrible happened in the past, it is time to let go of the blame and negative energy to redirect towards the future.
Make social plans before departing for either home. It's important to have events on your calendar so you don't feel there's nothing to look forward to upon returning home.
Have a Plan B, C and D. Don't lock yourself into only one trajectory to feel happy in either of your homes. Evaluate and make adjustments if you need to, such as spending less time in one home in favor of the other. Downsize your accommodations or time away or take a year off for health, financial or other reasons.
More Strategies
Seek good self-help books on a range of general topics related to the emotions you're experiencing. Libraries are a great place to explore the options before committing to buying anything. If it's a great book, buy it and re-read it as needed.
Find someone who can work with you one-on-one to discuss the issues. It may be a clergy member, professional counselor or a trusted friend.
Look for some sort of support group -- online or a civic or religious community group. Perhaps a group designed for people of a similar age, especially if you are retired or semi-retired.
I have not found much information specifically relating on the topic of the emotional toll for snowbirds of living in two homes. Sharing common concerns has been very therapeutic for me. Those who have never been a snowbird see a different picture from the outside looking in, but it's never as easy as it may seem.
Where do I belong? The answer is quite complex.
"Home is about love, relationships, community and belonging, we are all searching for home."
-- Erwin Raphael McManus, Author, Futurist, Filmmaker, and Designer
Location, outdoor space and a gorgeous view are all tops on the list of the most sought-after rentals in snowbird communities What to Look for in A Snowbird Rental Figuring out your warm weather rental home is the single-largest factor to being happy when away …
The beautiful uncluttered master bedroom in the high rise where we stayed part of the first season MODEL HOME SYNDROME After returning home our first snowbird season, I realized something was off, it didn’t feel the same. Months went by… After having spent a …