FINANCIAL FITNESS HOME(S) FOR THE HOLIDAYS Heading to your “happy place” for the holiday season? From budgeting and location tips to seasonal planning and investment management, here’s how to make your second home a joyful and financially smart getaway. BY CAROLINE PERROTT W > edwardjones.com | Member SIPC hat’s the next mountain to climb if the American dream is homeownership? For many, it’s a second home; the kind of place you can escape to for long weekends, gather the grandkids, or retire the way you deserve to. A second property can be a lifestyle upgrade, offering cherished traditions and holiday memories. But it’s also a major financial decision that requires strategy and planning. Budgeting for a Second Home Before browsing listings, it’s important to run the numbers. Beyond the down payment and mortgage, buyers should factor in property taxes, insurance, utilities, upkeep, and homeowners’ association fees if it’s in a vacation destination. Experts recommend that your total housing costs (including both homes) stay under 28 to 30% of your gross monthly income to avoid being stretched too thin. Picking the Right Location Second homes are often tied to emotion — beachfront sunsets, lake weekends, or snow-covered slopes. But location also impacts long-term value. Look for areas with strong resale markets, year-round appeal, and accessibility. A house two hours away may be used more often (and rented more easily) than one requiring flights. We Understand Commitment At Edward Jones, we deliver candid guidance and personalized investment strategies to help you plan for and realize the possibilities of your future – for you, your family and generations to follow. John L Coeuille Financial Advisor 1020 108th Ave Ne Ste 120 Bellevue, WA 98004-4315 425-590-9165 Seasonal Planning With the holidays often sparking trips to second homes, planning for how you’ll use the property throughout the year is smart. Creating a seasonal schedule can help maximize your enjoyment while minimizing costs. For example, renting your property during peak seasons when you’re not there can offset expenses. Managing the Investment MKT-1952H-A © 2022 EDWARD D. JONES & CO., L.P. ALL RIGHTS RESERVED. A second home is both a retreat and an asset. If you’re considering renting it out, research local regulations, shortterm rental laws, and property management services. Even if you don’t rent, maintaining your home in top condition — landscaping, HVAC checks, winterizing — preserves its longterm value. 28 January 2026
29 Publizr Home