The Rising Appeal Of Second Homes: A Smart Investment And Serene Getaway
Published on: 07 Dec 2023
When it comes to investment, what’s better than a weekend home at a cool, hilly place? It can be your escape from the hustle & bustle of city life and even become your residential property post-retirement. Many attractive properties at serene locations with good weather, infrastructure are gaining the attention of holiday-goers and homeowners. So, what are the benefits of buying a second home?
Owning a place to relax on weekends seems like an attractive proposition to many, and this market is slowly witnessing an increasing number of buyers. Wellness concerns due to the pandemic have urged many residents to focus on spacious holiday homes, away from the densely packed metro cities. This, combined with competitive prices offered by developers, is making second-home buyers take note of investment-worthy properties.
Here are a few reasons why you should consider investing in a holiday home:
The Get-Together Hub
When you invest in a weekend home, you’ll have the added advantage of turning it into a house where you can host parties, get-togethers & celebrate various festivities. Whether you plan a quick getaway or wish to venture with friends, your leisure home if well-designed will entertain your loved ones with curated activities and events on-property as you enjoy an active social life.
An Abode Among Nature
When a place to relax is located in a place surrounded by lush green forests and natural air, how can one not be tempted to live here? Your weekend home can offer you the beauty of nature as an everyday sight and give you a picturesque view right from your balcony. As such, homes are often located in blissful, greener locations, amidst mountains or in beachside localities. These environments are calming, peaceful, and good for health.
The Perfect Stress Buster
A weekend home is usually located at a short distance from the city. With its easy accessibility and the solitude such properties offer, home-buyers can easily forget the stress of daily work-life, which many of us face these days. A great stress buster from daily duties and mundane life, leisure homes are quickly gaining the attention of various investors and home-buyers.
Good Rental Income
PROS OF OWNING A WEEKEND HOME | CONS OF OWNING A WEEKEND HOME |
An excellent investment option | High maintenance costs |
Source of rental income | Regular upkeep & management |
Low mortgage rates | Traveling time to reach |
Much cheaper than an actual vacation | Purchasing requires a great credit score |
Unaffected by real estate market fluctuations |
|
So, why are weekend homes an ideal investment option?
With a steady rise in developers and builders offering several types of home-purchasing options, property buyers are expanding their horizons towards investing in weekend homes. Holiday homes are becoming a popular choice thanks to their affordability and customisation options. An incredible alternative to expensive resorts and hotels, privately owned homes at quiet locations are providing home buyers much-needed space, accessibility, and entertainment - the most wanted factors in property buying these days.
So what are you waiting for? With the recovery of the overall economy, lower home loan interests, and stabilising income levels, this is the best time to invest in a property that offers more than good returns. Invest today, as these homes will offer you all benefits of a prized possession and add to the list of being a lifelong source of good income!