Investing your money in a second home will ensure that you have an additional source of income in the form of rent.Investing in a second home is a means to collect your savings at one place.While depositing money in a bank will only bring in slight appreciation in the amount saved- investing in land can enhance your money manifold. Often, if we have excess money left over after our expenses are taken care of- we may tend to indulge and waste it. But focussing on buying an additional property will help one save and prevent unnecessary spending.If you are living in a city different from your hometown, investing in a second home in your city can be a great convenience. If and when the need arises, you can relocate to your home without any hassle as you have a home waiting for you. It is also convenient to come back home for a vacation and have a place to stay at without having to rent a place or depend or someone else. The needs of every family constantly change with time. There may arise a need for a part of your family to move out. Your parents may want a quiet place to spend their retirement days- it is at instances like this that your second home can always come handy.Studying the market and investing in developing areas can be a boon to you in multiple ways. If you have an additional home in a contrasting environment, it will help you in the longer run. If you are tired of the hustle and bustle of the city, and have a second home in a quieter place- you can always move there. It can also become your retirement home. If you buy a property in the heart of the city, and live away from the city- your second home can be a great asset as with passing time it becomes more challenging to own a piece of land in the centre of the city. Living in the centre definitely has its perks- and can be enjoyed by you or your family when the need arises.Buying a second home can be a great short-term investment.