When you're ready for that second home

Architectural Digest recently did a survey among it's readers regarding plans for purchase of a second home.  Among those who responded, 36% were planning to purchase a second home within the next three years while 40% of those who already own three or more homes plan to add another mansion within that time frame.

Geography is the primary criteria for upscale second (or more) homes with lifestyle amenities coming in a close second.  Since 38% of those responding make under $400,000 a year, we can understand that they need to stay close to their primary residence because gas prices have gone up!

Understandably, a gourmet kitchen was low on the list.  More important was location (either beach front or skiing depending on whether they were from New York or California), golf course, on the water or in-home fitness rounded out the top want lists.

When we get to that point, we think we'll opt for the beach front home on a golf course with a gourmet kitchen.

10:40 AM - Nov. 1, 2006 - comments {0} - post comment

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