Jay LeClerc - RE/MAX On the River Find a Home in Newburyport MA


The decision to purchase a second home may be one of the biggest choices you will make in your lifetime. As such, it is important to consider all of the factors associated with a house purchase before you embark on a quest to acquire a second residence.

Now, let's take a look at three key factors to evaluate as you weigh the pros and cons of purchasing a second home.

1. Your Current House

Consider the state of your current house – you will be happy you did. If you assess your current residence, you may be better equipped than ever before to determine if now is a good time to start a search for a second house.

For instance, if your home needs a new roof or requires other repairs, you may want to complete these improvements first. After these house repairs are finished, you then can kick off a search for your second house. Perhaps most importantly, you can launch this home search with the reassurance that your current house is in good shape and likely won't require significant repairs in the near future.

2. Your Finances

If you still have a mortgage on your current house, you may want to focus on paying that off first. Once your mortgage is paid in full, you can conduct a search for a second house without having to worry about paying two mortgages at once.

Of course, if your current house's mortgage is paid in full, you should still evaluate your finances closely. Ensure you have sufficient finances to cover a mortgage for a second house, as well as your everyday expenses. By doing so, you can hone your search for a second house to residences that fall within your price range.

3. Your Immediate and Long-Term Plans

Think about why you want to buy a second home in the first place. Then, you can determine how this decision may impact your immediate and long-term term plans.

For example, if you want to return to college, buying a second home may affect how much money you have at your disposal that you can use to go back to school. On the other hand, if you hope to get a work promotion in the foreseeable future, you soon may have additional funds to help you make your dream of owning a second home come true.

As you decide whether to launch the search for a second house, take some time to consult with a real estate agent. A real estate agent is a homebuying expert, and he or she can provide housing market insights that you may struggle to obtain elsewhere. Plus, a real estate agent will guide you along the homebuying journey and can help you acquire a top-notch house at a budget-friendly price.

Account for these factors before you start your search, that way you can make an informed decision about whether now is the ideal time to pursue a second residence.


Nestled between historic Newburyport and Ipswich, Rowley’s Mighill-Perley house is a perfect blend of period detail and modern updates. Located on the corner of the Town Common, this iconic 1730 property includes a garage, 2-story barn, and meticulously maintained grounds and perennial gardens. Original wide pine floors, natural crook oak rafters, and folk artist Christopher Gurshin’s gorgeous living room mural are some of the many features that make this house so unique. Just minutes from the commuter rail and some of the North Shore’s finest beaches, this is a must-see property.

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100 Main Street, Rowley, MA 01969

Single-Family

$599,777
Price

11
Rooms
4
Beds
2/1
Full/Half Baths
Nestled between historic Newburyport and Ipswich, Rowley's Mighill-Perley house is a perfect blend of period detail and modern updates. Located on the corner of the Town Common, this iconic 1730 property includes a garage, 2-story barn, and meticulously maintained grounds and perennial gardens. Original wide pine floors, natural crook oak rafters, and folk artist Christopher Gurshin's gorgeous living room mural are some of the many features that make this house so unique. Just minutes from the commuter rail and some of the North Shore's finest beaches, this is a must-see property.
Open House
Thursday
September 12 at 5:00 PM to 6:30 PM
More Open Houses
Cannot make the Open Houses?
Location: 100 Main Street, Rowley, MA 01969    Get Directions

Similar Properties




100 Main Street, Rowley, MA 01969

Single-Family

$599,777
Price

11
Rooms
4
Beds
2/1
Full/Half Baths
Nestled between historic Newburyport and Ipswich, Rowley's Mighill-Perley house is a perfect blend of period detail and modern updates. Located on the corner of the Town Common, this iconic 1730 property includes a garage, 2-story barn, and meticulously maintained grounds and perennial gardens. Original wide pine floors, natural crook oak rafters, and folk artist Christopher Gurshin's gorgeous living room mural are some of the many features that make this house so unique. Just minutes from the commuter rail and some of the North Shore's finest beaches, this is a must-see property.
Open House
Thursday
September 12 at 5:00 PM to 6:30 PM
More Open Houses
Cannot make the Open Houses?
Location: 100 Main Street, Rowley, MA 01969    Get Directions

Similar Properties




100 Main Street, Rowley, MA 01969

Single-Family

$599,777
Price

11
Rooms
4
Beds
2/1
Full/Half Baths
Nestled between historic Newburyport and Ipswich, Rowley's Mighill-Perley house is a perfect blend of period detail and modern updates. Located on the corner of the Town Common, this iconic 1730 property includes a garage, 2-story barn, and meticulously maintained grounds and perennial gardens. Original wide pine floors, natural crook oak rafters, and folk artist Christopher Gurshin's gorgeous living room mural are some of the many features that make this house so unique. Just minutes from the commuter rail and some of the North Shore's finest beaches, this is a must-see property.
Open House
Thursday
September 12 at 5:00 PM to 6:30 PM
More Open Houses
Cannot make the Open Houses?
Location: 100 Main Street, Rowley, MA 01969    Get Directions

Similar Properties