Real Estate
5 things to know before buying a second home
Careful budgeting, understanding tax implications are key


Without question, buying your first home is a momentous occasion. It’s a huge milestone in most people’s lives. It’s exciting. It’s wonderful. And if we’re being honest, it can also be a little intimidating. After all there’s a lot to learn.
By the time you’re considering buying a second home, chances are that you’re at a different place in your life. You probably feel more prepared, more knowledgeable, and less anxious – and understandably so. Certainly, when you buy your second home, you’ll have the benefit of knowing the basics about home buying because you’ve already been through it at least once. Despite this, however, buying a second home is also a momentous and significant decision, and there are some factors you’ll want to be aware of, and be sure to consider thoroughly.
At GayRealEstate.com, we’ve worked with countless clients looking to purchase a second home for one reason or another, and we have been honored to have the opportunity to help connect those clients with agents who have helped them find the second home of their dreams. In the course of doing that, here are five pieces of advice we’ve come to learn about making this exciting purchase:
• Think Through Your Long-Term Needs and Goals: Spend some time to carefully think through what type of second home might best fit your needs and your lifestyle. Are you looking for a home that you can visit as a quick weekend getaway? If so, purchasing a home within a day’s drive of your current residence might be a smart move. Or perhaps instead, you may be considering purchasing your second home as a retirement spot. If this is the case, really think through what you’ll want and appreciate in a home and in a location as you grow older. Are you purchasing the home as an investment, and planning to rent it to others throughout most of the year? If so, investigate the popularity of the area, and any rental requirements that may apply.
• Thoroughly Consider Extra Expenses: A second home is more than just another mortgage payment, and it’s important to keep that in mind when you consider making a purchase of this nature. It also means a second set of utility bills, budgeting for any additional maintenance or home repairs that will be necessary, potential homeowners association costs if the neighborhood has an HOA, and potentially a second insurance policy for your second home, depending upon the rules set forth by your insurer. Generally, in fact, second homes tend to be more costly to insure, particularly if they are going to be vacant for any prolonged period of time, or if they are in popular vacation destination areas that can be sometimes more prone to things like floods, hurricanes, or high winds. As a result, it can be wise to truly think through and lay out a detailed budget, taking into account not only the mortgage, insurance costs, and taxes on your second home, but also any other contingent expenses that might arise.
• Understand any Renting Rules: Renting out your second home can be an excellent way to supplement your monthly mortgage payment, but it is important to realize that renting does come with its fair share of responsibilities. It means either hiring a qualified and capable property manager who can oversee the day-to-day rental needs, or being able and willing to take care of these matters capably and promptly on your own. There are also important things to realize about renting from a tax perspective as well. Generally, you don’t have to pay taxes on rental income if you rent out your home for fewer than 15 days a year. If you rent the home for more than 15 days a year, you do have to report the income on your taxes, but you will also be able to deduct expenses for maintenance and cleaning up to a certain amount. It’s also important to find out whether any rental rules exist in the community where you’re considering purchasing your second home. Some require a minimum rental time, and others have certain bylaws and other requirements that may apply.
• Take Taxes into Account: Depending upon where you purchase your second home, property taxes might add a significant amount to your housing expenses. This is not to mention the fact that all vacation homes are either classified by the IRS as a personal residence, or as a rental property. If you rent the home out more than 14 days per year, then it is classified as a rental property, and you won’t be able to claim the mortgage interest tax deduction that you would be able to claim on a personal residence. It’s also important to remember that you can only deduct interest paid on mortgages of $750,000 or less in total, on all of your homes.
• Hire a Local Real Estate Agent: The truth of the matter is that no one will know and understand the area in which you’re interested in purchasing your second home like a resident of that area will. The value of having an agent who is familiar with and knowledgeable about the community in which you want to purchase your second home cannot be overstated. At GayRealEstate.com, we have access to the nation’s top gay real estate agents – agents who work in communities across the country, and who would be an excellent resource for your second home search.
Purchasing a second home is an exciting occasion – one that signals a wonderful new chapter of your future in a new place that you love. If you make that decision fully informed and aware of all the important factors that you should consider, chances are good that you’ll have many happy years ahead to enjoy the home you ultimately decide upon, and all that it has to offer. At GayRealEstate.com, we would be honored to have the opportunity to help you with the search for the second home of your dreams. Contact us today!
Jeff Hammerberg is the founding CEO of GayRealEstate.com. Reach him at 888-420-MOVE (6683), via e-mail, [email protected], and on Facebook via gayrealestate.
Real Estate
Celebrate the power of homeownership this Fourth of July
Owning a home is powerful act of self-determination

This Fourth of July, celebrate more than independence: celebrate the power of LGBTQ+ homeownership. Explore resources, rights, and representation with GayRealEstate.com, the trusted leader in LGBTQ+ real estate for over 30 years.
Home is more than a house: it’s a symbol of freedom
As the fireworks light up the sky this Fourth of July, LGBTQ+ individuals and families across the country are not just celebrating the nation’s independence — they’re celebrating personal milestones of freedom, visibility, and the right to call a place their own.
For many in the LGBTQ+ community, owning a home represents more than stability — it’s a powerful act of self-determination. After generations of discrimination and exclusion from housing opportunities, more LGBTQ+ people are stepping into homeownership with pride and purpose.
Why homeownership matters to the LGBTQ+ community
While progress has been made, LGBTQ+ homebuyers still face unique challenges, including:
- Housing discrimination, even in states with legal protections
- Limited access to LGBTQ+ friendly realtors and resources
- Concerns about safety and acceptance in new neighborhoods
- Lack of representation in the real estate industry
That’s why the Fourth of July is a perfect time to reflect not just on freedom as a concept, but on how that freedom is expressed in the real world — through ownership, safety, and pride in where and how we live.
Finding LGBTQ+ Friendly Neighborhoods
One of the top concerns for LGBTQ+ buyers is whether they’ll feel safe, accepted, and welcome in their new neighborhood. Thanks to evolving attitudes and stronger community support, many cities across the U.S. now offer inclusive, affirming environments.
Some of the best cities for LGBTQ+ home buyers include:
- Wilton Manors, Fla. – A vibrant LGBTQ+ hub with strong community ties
- Palm Springs, Calif. – A longtime favorite for LGBTQ+ homeowners
- Asheville, N.C. – Progressive and artsy, with growing LGBTQ+ visibility
- Portland, Ore. – Inclusive, eco-conscious, and diverse
- Philadelphia, PA – Rich in history and LGBTQ+ community leadership
When you work with an LGBTQ+ friendly realtor, you get insight into more than property values — you get a real perspective on where you’ll feel most at home.
Navigating the real estate process with confidence
Whether you’re a first-time gay homebuyer or preparing to sell your home as an LGBTQ+ couple, it’s essential to understand your rights and options. Here are a few key tips:
1. Work with a trusted LGBTQ+ real estate agent
Representation matters. A gay realtor, lesbian real estate agent, or LGBTQ+ friendly agent understands the unique concerns you may face and advocates for you every step of the way.
Use GayRealEstate.com to connect with LGBTQ+ real estate agents near you. For over 30 years, we’ve helped LGBTQ+ buyers and sellers find their ideal home and a professional who respects their identity.
2. Know your legal protections
While federal law (via the Fair Housing Act and Supreme Court rulings) prohibits housing discrimination based on sexual orientation or gender identity, enforcement can vary by state. Make sure to research:
- State-level housing discrimination laws
- Local LGBTQ+ protections and resources
- What to do if you experience discrimination during a transaction
3. Secure inclusive financing
While most lenders follow fair lending rules, it’s smart to seek out banks or credit unions with LGBTQ+ inclusive policies and a history of non-discriminatory lending practices.
4. Plan for the future as a family
For same-sex couples, especially unmarried partners, it’s vital to review how you’ll hold the title, designate beneficiaries, and plan your estate.
Ask your agent or attorney about:
- Joint tenancy with right of survivorship
- Living trusts
- Powers of attorney and healthcare proxies
Selling a home as an LGBTQ+ homeowner
If you’re listing your home, working with a gay-friendly real estate agent ensures your identity and story are honored — not hidden — in the process.
Highlight:
- Your community connections
- Your home’s role in creating a safe space
- Local LGBTQ+ resources to attract like-minded buyers
Showcasing the full value of your home includes sharing what it meant to live there authentically and safely.
Your home, your freedom
The Fourth of July reminds us that freedom isn’t just an abstract idea — it’s lived every day in the spaces where we find comfort, love, and belonging. For the LGBTQ+ community, the right to own and thrive in a home is part of the larger journey toward full equality.
At GayRealEstate.com, we believe every LGBTQ+ person deserves:
- A safe place to live
- A community that welcomes them
- An advocate in the home buying or selling process
Ready to make a move?
Whether you’re dreaming of your first home, upgrading with your partner, or selling a space that helped shape your identity, GayRealEstate.com is your trusted partner. With our nationwide network of gay realtors, lesbian real estate agents, and LGBTQ+ friendly professionals, we make your journey smooth, respectful, and informed.
Visit GayRealEstate.com to:
- Search LGBTQ+ friendly homes
- Connect with inclusive real estate agents
- Access free guides for buyers and sellers
- Protect your rights and get expert advice
This Fourth of July, celebrate more than independence — celebrate your freedom to live, love, and own with pride.

Did you melt like the Wicked Witch of the West this week?
As summer temperatures rise, keeping your home or apartment cool during a heat wave can become both a comfort issue and a financial challenge. One of the most effective ways to keep a home cool is to prevent heat from entering in the first place. Sunlight streaming through windows can significantly raise indoor temperatures. Consider the following solutions:
• Close blinds or curtains during the hottest parts of the day. Blackout curtains or thermal drapes can reduce heat gain by up to 30%.
• Install reflective window films to block UV rays and reduce solar heat without sacrificing natural light.
• Use outdoor shading solutions such as awnings (yes, the ones you removed because they were “dated”) and shutters to limit direct sunlight.
Fans are a cost-effective way to circulate air and create a wind-chill effect that makes rooms feel cooler.
• Ceiling fans should rotate counterclockwise in the summer to push cool air down.
• Box fans or oscillating fans can be placed near windows to pull in cooler evening air or push hot air out.
• Create a cross-breeze by opening windows on opposite sides of your home and positioning fans to direct airflow through the space.
• For an extra cooling effect, place a bowl of ice or a frozen water bottle in front of a fan to circulate chilled air.
To optimize natural ventilation, open windows early in the morning or late in the evening when outdoor temperatures drop. This allows cooler air to flow in and helps ventilate heat that built up during the day.
Appliances and electronics generate a surprising amount of heat. To reduce indoor temperatures:
• Avoid using the oven or stove during the day; opt for no-cook meals, microwave cooking, or grilling outside.
• Run heat-producing appliances like dishwashers and clothes dryers in the early morning or late evening.
• Unplug electronics when not in use, as even standby power can add heat to your space.
• Switching to energy-efficient LED lightbulbs can also reduce ambient heat compared to incandescent lighting.
If you do use an air conditioner, maximize its effectiveness by:
• Setting it to a reasonable temperature—around 76–78°F when you’re home and higher when you’re away.
• Cleaning or replacing filters regularly to maintain airflow and efficiency.
• Sealing gaps around doors and windows to prevent cool air from escaping. (Didn’t we all have a parent who said, “Close the door. You’re letting all the cool out?”)
• Using a programmable thermostat to optimize cooling schedules and reduce energy use.
If it is not cost-prohibitive, adding insulation in attics and walls can greatly reduce heat transfer. Solar panels that reflect heat can also help, as well as offset the cost of their installation. Adding weatherstripping around doors and windows, sealing cracks, and using door sweeps can make a significant difference in keeping heat out and cool air in.
Natural and eco-conscious methods can also help cool your home.
• Snake plants, ferns, or rubber trees can improve air quality and slightly cool the air through transpiration.
• White or reflective roof paint can reduce roof temperatures significantly.
• Cooling mats or bedding can make sleeping more comfortable without cranking up the A/C.
For renters or those who can’t make permanent modifications, there are still plenty of ways to keep cool.
• Use portable fans and A/C units instead of built-in systems, making sure they are the correct size for your space.
• Removable window film or static cling tinting can reflect heat without violating your lease.
• Install tension rod curtains or temporary blackout panels instead of hardware-mounted window coverings.
• Add draft blockers and weatherstripping tape that can be applied and removed without damage.
• Cover floors with light-colored rugs to reflect heat rather than absorb it.
• If allowed, use temporary adhesive hooks to hang reflective materials or light-filtering fabrics over windows.
Even if your space is warm, you can still take steps to help your body stay cool.
• Wear light, breathable fabrics like cotton or linen.
• Stay hydrated and avoid caffeine or alcohol during peak heat hours.
• Take cool showers or use damp cloths on your neck and wrists to bring your body temperature down.
Keeping your home or apartment cool in the summer doesn’t have to be expensive or energy-intensive. With a few adjustments such as blocking sunlight, optimizing airflow, using fans effectively, and making renter-friendly upgrades, you can create a more comfortable indoor environment while keeping energy bills in check.
Valerie M. Blake is a licensed Associate Broker in D.C., Maryland, and Virginia with RLAH @properties. Call or text her at 202-246-8602, email her at DCHomeQuest.com, or follow her on Facebook at TheRealst8ofAffairs.
Real Estate
The world’s on fire and D.C. is on sale (sort of)
Prices are up, but then again, nothing makes sense anymore

ICE is disappearing people, revered government agencies are shuttering, and who knows if we’ll be in World War III next week? But can you believe prices in D.C. are actually still up 6.3% since last year? It doesn’t make sense, and perhaps that does make sense, because nothing seems to make any sense any more.
That said, there are some parts of our market that are truly suffering. The interest rates, which have been up, up, up for about four years now, are the ongoing rain on our market’s military parade. Combine that with 75,000 federal employees taking a buyout nationwide, and DOGE cuts eliminating around 40,000 federal jobs in the District (per estimates by the D.C. CFO), not to mention thousands of other job losses in non-governmental organizations due to funding and program cuts, and you’ve got a case of uncertainty, and downright unaffordability in the pool of otherwise would-be buyers.
This has had a marked impact on properties that starter-home buyers and low- to mid-level employees would otherwise buy, most notably condominium and cooperative apartment units. These properties have already slowed in our market thanks to the profound impact that higher interest rates have had on their monthly carrying costs—pair that with job insecurity, and a lot of condos are proving to be very difficult to sell indeed.
So how is the average sale price up in our market?
The increase is almost entirely due to the resounding strength of the single-family home market, especially in upper Northwest D.C., where it is still quite common to see bidding wars, even on properties pushing past the $3M mark. It seems that buyers in that echelon are less impacted by a few percentage points in the interest rate, and less concerned about their job security. Notably, those buyers are often married with children and have an absolute need for more space, must stay in the area due to one spouse’s job, or the kid’s friend group, regardless of whether the cost of owning is thousands of dollars more per month than it would have been in 2020 or 2021. The continued appreciation in these neighborhoods defies imagination.
So, what to do if you are not one of those lucky enough to be shopping for a $3M home? The short answer: wait. If you want more space, rent your current place out and learn the joys of being a landlord while someone else pays your mortgage. Need the equity from your current home to buy your next place? Get a home equity line of credit, or loan, and pull the equity out of your current place to buy the next one. Or—and I have never recommended this before in 21 years of being a Realtor—rent for a few years. Sure, I’d love to list and sell your condo so you can climb the real estate ladder, but it might just be a waste of time, money or both if you could just ride out this storm and sell in a DOGE-less future.
All this said, there are some condos that seem to be immune from this recent negative news. Anecdotally, it feels like it’s the truly special ones that do just fine no matter the market. Our recent listing in Capitol Hill had a view from every one of its 15 windows of the Supreme Court. Sold in five days with six offers. Another condo was on the top two floors of a townhouse and had the coolest black wood floors that gleamed like a grand piano. Sold in four days at full price.
So, all is not for naught if you have a condo or home in an area that people want to be in, with nice space, light, amenities and a certain je ne sais quois. And, as long as we have a democracy in a few years, my experience says our market will be back, stronger than ever, really soon.
David Bediz is a Realtor and mortgage loan broker for the Bediz Group LLC and Home Starts Here, LLC. Reach him at [email protected].
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