It's that time of year where people start thinking about vacations and the possibility of buying that second home somewhere tropical. Bill Furlong, Vice President of Americas at HomeAway, joins Your Future Home to give a few tips on how to settle on the perfect second home. Furlong says that people look for different amenities in a second home and some of them are little more fun than what they would prefer in the main house. Perhaps they want a pool or a hot tub. Some even splurge for an in-home theater or putting green. He says the average person spends around $330,000 on a second home and may rent it out during certain weeks of the year. Plus, before purchasing a second home you need to consider the costs. Furlong says you'll need to budget for new furniture, upkeep, repairs, taxes and seasonal implications such as weatherproofing and lawn care.

Share:
More In Business
New York Auto Show Puts Big Focus on Electric Vehicles
Lisa Whalen, Automotive and Mobility Analyst at Morning Consult, joined Cheddar News' Closing Bell to break down the famed auto show's emphasis on electric vehicles this year, reflecting a shift toward electrification in the automotive industry.
Paving the Way for Women in the Spirits Industry; Sustainability That Gives Back to The Planet and Social Causes
On this episode of ChedHER, Amira Rasool, CEO and Founder of The Folklore, discusses her $1.7 million pre-seed funding round and why she's being intentional about the investors she's working with; Brittany Merrill-Yeng, co-founder Skrewball Whiskey, reveals the origins of Skrewball Whisky, experiencing a period of rapid growth, and navigating a male-dominated industry; Suz Hernandez, Owner of MamaP, breaks down how her company is combining eco-friendly and sustainable products with a mission to donate to non-profits that help people and the planet.
State of Lactation Support in the U.S.; Perks of Having a Business Mentor
On this episode of ChedHER: CEO of The Lactation Network breaks down how they are expanding access to lactation support for families nationwide; CEO of Vanta explains the importance of a security team for startups; Midwest Divison Area Manager at JPMorgan Chase discusses the perks of having a business mentor.
Oil Prices Surge as Russia Invades Ukraine
The global oil benchmark has crossed the $100 per barrel mark for the first time since 2014. Oil prices have surged nearly 10 percent since Russia's invasion of Ukraine. Russia is the number two oil producer in the world, and it comes at a time when global oil supplies have already been constrained over the course of the past year. Rob Thummel, portfolio manager at Tortoise, joined Cheddar Movers to discuss.
Load More