Second homes in Maine for sale. Looking for a vacation property or retirement real estate?
Maine is a pretty state with plenty of open space, less people. And the word is out about how neat it would be to own a low cost second home in Maine.
Sometimes the second home in Maine is on the water front.
Other times in town, out in the country. Many have plenty of land acres surrounding them for a lifestyle that includes having lots of property. A feature missing where eight out of ten people live in a city, urban setting. Horses, planting something, raising something on the farm land in Maine that is part of the second homedream.
Empty grocery store shelves, losing power for days and other fear survival guides exploit make the purchase of low cost real estate in Maine seem a logical choice. Safety is not so common a feeling when you live where lots of people are clumped together. And not so many wildlife examples.
When more than one buyer is after a second home, the price goes up with the demand.
In small rural Maine with more wildlife and acreages of vast woods and not so many inhabitants create the prices that are affordable. Attractive to Maine second home buyers that are making the decision to spend more time in Vacationland than just a long weekend, a seven day time away from work chance to relax. Two buyers is good, three is better to create an auction setting feeling for the owner of what becomes someone's second home.
Besides the space, the ability to hear yourself think, Maine is sought after for a second home investment for other reasons. The no cost woods trails to explore, the lower expense to insure a place in the 4th lowest crime state. In part of the country where the cost of living is lower. The pride of workmanship is high in rural Maine. Getting away from high tension traffic, all those dead bolts and sliding chairs, security cameras and blinding external lighting.
In Maine you willl see stars you did not know existed over head in a sky of diamond sparkle on a black velvet back drop.
Light pollution, other kinds too is just not a concern when again there is less people per square inch. Northern Maine where I live has 11 people per square mile. Southern Maine is loaded with elbow room too but clocks in with 44 people for the same mile by mile square.
Some of the second home in Maine buyers invest before retirement.
And like the true vacation home investor, they rent out the square footage when they are not using the Maine real esate listing. Using the income to pay for the property and the maintenance, any upkeep or operating costs. Their CPA's smile as they fill in the spaces on the IRS yearly forms that are legit and lower their income tax liability. The same folks rent the property the same weeks year after year when you invest in a second home in Maine on the water front, say a crystal clean lake setting. More on tax deduction rules for second homes bought for renting out and income producing.
Buying a camp or cottage or building one on a piece of Maine land is the baby steps approach to the second homes puzzle piece. Starting small, thinking big and taking time using the Maine real estate property bought for low cost vacations first.
Then with an eye for more use as a person's life slows down and folks inche toward to retirement use full or part time. More than one second home makes it look like a collection, a hobby of buying and stock piling all these empty places that are used like a real estate routlette wheel. To keep it interesting. For the property owner who have more than one second home in the portfolio.
Many of these auxillary Maine homes are loaded with acreage.
Open land, mixed wooded sections and water frontage on a river, stream, maybe a dead end road. property listing All enhance and protect the real estate investment to increase the value because of the location. The ability to add on, to buy more land or build extra additions to make the leap from entry level to quality final updated property listing is something we talk about a lot. To help buyers plan for the next step and future use of the real estate in Maine.
Thought of a second home in Maine?
Would love to help in the real estate selection process, getting it financed with the lowest cost bank terms or directly through the property owner if possible. Unless you plan a cash sale and have been a very good saver. Why type of second home in Maine, where it is located and what you want to do with it for rental or personal use? Share your dream, think out loud. All part of the real estate question and answering process to match make the best property listing possible when it is time to search for a second home in Maine.
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MOOERS REALTY 69 North Street Houlton Maine 04730