Why You May Want To Cash in on Your Second Home

Why You May Want To Cash in on Your Second Home

Home and Art Magazine is a lifestyle publication dedicated to the intersection of beautiful living, thoughtful design, and creative expression. It celebrates the idea that a home is more than just a place to live—it is a reflection of personal style, cultural influence, and artistic vision. With a focus on interiors, architecture, art, travel, and inspired living, the magazine serves readers who value both aesthetics and meaning in the spaces they create.

At its heart, Home and Art Magazine explores how design shapes everyday life. From cozy apartments to expansive estates, from modern minimalism to timeless traditional spaces, the magazine showcases homes that tell stories. Each feature highlights not only the visual impact of a space, but also the people, ideas, and craftsmanship behind it. Readers are invited to look beyond trends and discover interiors that balance beauty, comfort, and functionality.

Art plays an equally important role in the magazine’s identity. Home and Art Magazine believes that art should not be confined to galleries—it belongs in living rooms, kitchens, hallways, and gardens. Through artist spotlights, collector features, and coverage of creative movements, the magazine connects fine art, decorative art, and everyday design. It encourages readers to see their homes as living canvases, where personal taste and creative expression can coexist freely.

In addition to interiors and art, the magazine offers rich lifestyle content that reflects how people truly live today. Travel features explore destinations through the lens of architecture, culture, and design. Editorials on sustainability, craftsmanship, and mindful living highlight the growing desire for homes that are not only beautiful, but also responsible and enduring. Food, entertaining, and home culture pieces round out the experience, creating a well-balanced portrait of modern living.

Home and Art Magazine is also a platform for professionals and creatives. Designers, architects, artists, builders, and makers are given space to share their work and their stories. The publication values authenticity and originality, spotlighting both established names and emerging voices who are shaping the future of home and design. In doing so, it becomes not just a source of inspiration, but a community where creativity and entrepreneurship meet.

What truly sets Home and Art Magazine apart is its belief that style should be personal, not intimidating. The magazine speaks to readers who want their homes to feel lived-in, meaningful, and reflective of who they are—not just perfectly staged. Whether someone is renovating a house, decorating a single room, collecting art, or simply dreaming about their next project, the magazine offers ideas that feel both aspirational and attainable.

Ultimately, Home and Art Magazine is about living beautifully and intentionally. It honors the spaces we inhabit, the art we love, and the stories we tell through design. By blending inspiration, practicality, and creativity, it invites readers to see their homes not just as places to stay—but as places to truly belong.

Why You May Want To Cash in on Your Second Home | MyKCM

When stay-at-home mandates were enforced last year, many households realized their homes didn’t really fulfill their new lifestyle needs. An office (in some cases two), a media room, space for children to learn, a gym, and a large yard are all examples of amenities that became highly desirable almost overnight.

Zelman & Associates recently reported that sales of primary residences grew by 9% in 2020. That increase in demand was met by the lowest supply of homes for sale in history. High demand and low supply caused prices to skyrocket over the past twelve months. Here are three home price indexes released most recently that show how home values have risen:

Prices increased by double digits in every region of the country and in 19 of 20 major metros. Chicago was the only exception, where prices still rose by 9%.

What does this mean to those who purchased a second home during the pandemic?

Many people didn’t want to give up a home in the city or close to their office. Instead, they purchased a larger second home farther away and moved there to stay safe and have more space. According to the same Zelman report, sales for second homes rose an astonishing 27% in 2020.

That large second-home retreat on a lake or in the mountains would demand a higher price than the average house. Let’s assume a buyer purchased such a home for $500,000. Assuming the middle 13.2% appreciation shown above, that home would now be worth about $566,000.

Those who bought second homes to improve their lifestyle during the height of the pandemic, or those who just wanted to be in a safer environment, also made a great investment.

What should these homeowners do now as the pandemic is receding, and the economy is reopening?

The buyers of those second homes now have a decision to make. Many will move back to the original home they still own (the one that’s closer to work, friends, and family). Should they keep the second home? That could depend on answers to questions like these:

  • Now that you may have to go back to the office (at least a few days a week) and students are required to physically attend school, would you still use the second house enough to warrant the expenses of an additional home?
  • Would you go to the second home on most weekends, or would you return to the movie theater, attend sporting events, eat out at fine restaurants, or spend your time traveling again?

Bottom Line

If you purchased a larger second home during the pandemic, you were able to make day-to-day life much easier for those important to you. You also made it much safer. However, with those goals already accomplished, you now need to decide whether to continue paying the extra expenses or sell the house and cash in your profit. If you decide selling makes sense, let’s connect today to discuss the value of your second home.