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During the summer in San Diego residents enjoy the wonderful beaches, warm sun, good weather and many other attractions like the San Diego County Fair and the Del Mar Racetrack. People come to San Diego during the summer months as a result of these events and the city’s summer appeal. San Diego has become a vacation destination for millions each year and there are lucrative ways homebuyers both local and abroad can take advantage of this.

Second home sales accounted for one third of transactions in 2007 according to the National Association of Realtors. Income and second home investments can help build an owners wealth while still creating the benefit of living in a desired vacation community. For example, a purchased home can be rented seasonally according to the owner’s desired use schedule. When the owner is not using the unit, he or she is getting income from the property and the additional appreciation over time. An out of state buyer may find this scenario more cost effective than just renting someone else’s income property. Furthermore there are additional tax and other benefits that apply to homeownership still apply. For a local resident of San Diego, a second home in the right location may prove to be a profitable income property.

There is a large demand for second homes in San Diego and a very large seasonal rental market. With inventories on the rise, now is a great time to start looking for an investment or second home property.