India, April 19 -- Charan Singh, a 42- year old Delhi-based businessman had purchased a house in Kochi as investment on the advice of a friend, as he was told that home prices were steadily rising in that area. However, Singh now wants to sell it off as staying in Delhi, he hardly finds the time to visit Kochi and the house has been without a tenant for over a year.

Buying a second home as an investment can be a good choice, but there are a few things you should keep in mind.

"This is a pure investment, not for personal use. Therefore, one has to take the heart out of the thought process and use only the brain. There's no emotional attachment to any of these investments. Do it purely for financial or investment purposes-that is very imp...