Primary Residence/second Home
Primary Residence/second Home
Definition: A property is classified as a primary residence if it is the place where the owner lives most of the time. A second home is a residence that is not one's principal (primary) residence; for example, a vacation home.
Definition: A property is classified as a primary residence if it is the place where the owner lives most of the time. A second home is a residence that is not one's principal (primary) residence; for example, a vacation home.