Updated: 11/19/2018 3:33 PM | Print Story |  Email

Becoming a "Snowbird" with Desrochers Realty Group

Julie and Daniel Desrochers from Desrochers Realty Group and Coldwell Banker Burnet shared their advice on becoming a "snowbird" and getting another place down south. 
 
There are a few things you need to consider.
 
First, figure out the right order for you to make these purchases. Do you need to sell your current home before you can by a home down south? Should you rent a house in the south first before committing? The best option is being able to sell your house after you have purchased a new home so you don’t feel rushed into buying something. 
 
There could also be some tax savings depending on where your primary residence is. You should work with a tax professional before you decide what to do.
 
Also consider maintenance and upkeep of both homes. You might want to invest in monitoring technology that will allow you to keep on eye on your property. You also might want a condo or home with an association to take care of maintenance versus a single family home.
 
You also should think about your budget. Often times people believe when they are downsizing that they are going to be spending less money but that isn’t always the case. A lot of buyers are looking for nicer homes with better amenities and are actually spending more. There is a shortage of one level living homes in today’s market so that has increased the price of these homes. 
 
The Desrochers are also giving away a special home sale package (including photos, staging and marketing) to a deserving person in the twin cities. For the details on this contest, click here.