A second home serves multiple purposes – a retirement retreat, a vacation home, or just an investment. It is estimated by real estate experts that the second-home property market is growing at 10 -12% per year. And more and more people seem to buy a home for vacation purposes.
Buying a holiday home as an investment can be a great way to get a certain income while you have a holiday home ready for use any time you want it. Vacation homes are not only good for you and your family, but they also represent a big investment.
Here are benefits of owning holiday homes:
Space, Privacy
Typically home buyers will look at buying second homes that are bigger and larger than their current home. Essentially, they are doing an upgrade
If you are a family of 4 or more people, then owning a Second home can be very affordable and there will be enough space for everyone.
Your Second Home As A Vacation Home
Bored of staying at hotels at your favourite vacation spot? You can consider buying a second home here.
While resorts often lack the entertainment that people desire these days. The holiday homes have their own private pools and lawns to relax, play and unwind with the best beaches, restaurants and party places all within very close reach. Holiday homes have fully equipped kitchens that allow you to prepare your own food,at times even pamper yourself with a chef on call. Nearly all holidays come with washers, dryers, home theatre, wifi and maids room and much more for a comfortable and luxury stay.
After all, a vacation home with all amenities will help you relax and refresh.
Rental yield
This is definitely one of the benefits you get when you buy a vacation home. When you are not using it, when renting your vacation home, you can get a big win on top of the mortgage payments.
Over the last few years demand for luxury Villas & Apartments have been increasing due to various reasons. They offer larger space at an affordable price, private pools, utmost privacy, personal attendants and flexible check-in and check-out time have made holiday homes a favourable option.
Looking at these trends, major portals like Bookings.com, MakeMyTrip, Goibibo and others are also now offering Luxury Villas & Apartments as an option to hotels.
Long-term value
If the attractive location is made, then the vacation home will maintain its value for a long time. In some cases, due to access, the price can also increase significantly.
Conclusion
Owning a property is an investment in itself, and as a vacation home, you know that your vacation experience will be a pleasure. There is a place to live your life your way in a tropical paradise, this is the reason why more and more people are choosing to buy holiday homes in Goa. The resale of real estate increases and that is why it is always advisable to invest your money in such projects instead of keeping them in the bank. This is a sure way to spend your money and enjoy it at the same time!
