The decision to purchase a second home triggers a host of follow-up decisions, many of them financial. Of course, there is the question of how to pay for the home and the many ongoing costs of owning a real estate asset. That huge subject…

As noted in my previous Sixty and Me blog, fractional ownership (FO) is a newer (and increasingly popular) way to afford a second home. In an FO arrangement, a buyer purchases one or more shares, representing a percentage of the ownership…

When thinking of a second home, most people probably think about purchasing a property with only their name (or together with a spouse) on the title and the mortgage. However, there is also the option of partial ownership, where multiple people…

When thinking about second homes, it’s natural to think this means buying a house, condominium or mobile/manufactured home. However, many long-term renters consider their getaway as a second home…

One thing to remember for all second home types is the “double up” situation. This means the homeowner has the responsibility of ownership for two homes. Whether it’s do-it-yourself or hired out, there is more effort to maintaining two homes…

During the Covid-19 pandemic, the popularity of second homes jumped due to low mortgage interest rates and the surge in working remotely. Higher rates have dampened the mortgage market, but the interest in second homes continues as people…

Throughout the prior installments of this Sixty and Me blog series, I’ve covered the many facets of deciding to move later in life and how to prepare. Once you’ve moved, how do you adjust to your new living quarters and community?

Moving after age 50 differs from your younger days when you could recruit a friend with a pickup truck and pay with pizza and beer. Moving later in life presents a more significant logistical challenge. For one thing, you probably have more stuff…

As noted in an earlier Sixty and Me blog in this series, your health status may be the deciding factor in the location for your next move. After getting input from trusted medical professionals and your family, think about what you’ll need in a living situation…

No matter how far you move, much work is involved. However, the further you move, the greater the effort in terms of cost, time and stress. Moving close to your current home allows you to keep some of your established patterns…