By, Lisa Roberts
Are you unsure whether you can afford to buy a second home? A couple of signs will quickly tell you that you are financially ready and can afford it. Buying a second home is a big financial responsibility, and you must consider many things before you sign any papers. A good credit score, paying the utilities, and having an emergency fund are just some of the many things you need to consider before searching for your second home.
1. You won’t have to rely on renting your second home out
To help reduce the costs of owning a second home, most people look into renting it out while they’re not using it. However, renting out your second home comes with specific responsibilities you need to consider first. When you rent your home…